1. BU6019 Sustainable Entrepreneurship
Assessment Two / Factors of Production

2. Your Assessment Two Assessment Weighting = 50% of total module marks
Assessment = A 20 minute group oral presentation and then an INDIVIDUAL written submission of 1000 words, (To be submitted ELECTRONICALLY - please be aware of “Turn it in” and methods for submission!)
Your completed "Presentation Details" form must be returned to me, in person please, with signatures, to ensure you can be assessed!

3. Details....
The assessment brief was posted on Moodle some considerable time ago! Please ensure you read it extremely carefully! 
Please examine the 5 topics that can be considered fro your presentation, (you and your team mates choose ONE topic)
There should be use of “real- life” organisations, along with use of concepts, techniques, theory, etc , as discussed in this module, along with your own research.
Please note the assessment criteria and the date for submission of your written piece of work (before 12pm noon). A copy of your power point slides - or set of notes - MUST be provided, along with your written work please!

4. Delivering a Professional Presentation - It's good to think!
PLANNING - PREPARATION - REHEARSAL

5. Still thinking!...
= CONFIDENCE!

6. DELIVERING A PROFESSIONAL PRESENTATION!
We will now have a discussion about methods we can employ to enable us to deliver a professional oral presentation!
This discussion can help you to maximise the opportunity for getting high marks

7. Update on where we all are now!
What topics have been selected?
How many meetings have there been, to plan and prepare?
What's happening in terms of rehearsal?
Record, individually, any problems, challenges or good features of working in your team. These can be important aspects of your written report (along with additional information about your topic area - see Assessment Brief!)
Any questions about Assessment Two?
Very Best of Luck with It!

8. Maximising your opportunity for a good mark on your written part of Assessment Two
Please consider:
A 1000 word written informal report
To be submitted electronically, before 12pm Noon on the due date (see module space on Portal to view the assessment brief)
Please read every page of the assessment brief, very carefully, to ensure you do everything expected of you!
You will be advised, via a message on BU6019 module space on Portal, or /and by Text of additional instructions relating to “Turn it in”, as necessary. Please check messages regularly!

9. Written assessment continued
Your written piece of work accounts for 25% of the total marks for Assessment Two (Presentation = 25%)
Collectively, your oral presentation and your written work together make up 50% of your total module marks
We will now have a group discussion about your written element (ie the structure, the expected content, etc!).
Best of luck with your assessment!
Important:
Please will Tier 4 International Students ensure they continue to sign the BU6019 register on both days presentations are taking place!

10. Now, "Factors of Production" - Analysing Scarcity!
Basically, "Factors of Production" can be categorised as:
Land (including transportation)
Labour (eg humans to make decisions)
Capital (Need to buy or invest into assets)
Please think of the "Transformation Process“!

11. It's good to think!
Consider: Land relates to areas upon which activity takes place but it also relates to natural resources! (Remember buildings /roads , etc,take up land!) Q1: What natural resources are there? Q2: Why is "Scarcity" an important factor? (eg future generations) Q3: Do ‘groups’ address scarcity better than individuals? (eg SIGS) Q4: To what extent does weather (eg droughts/floods) affect this? Social costs – does behaviour, ways of thinking, cultures, political and economical factors impact upon scarcity? What about price/supply and demand?

12. Entrepreneurship
This can be considered a fourth "Factor of Production"!
Entrepreneurs utilise capital, land and labour, in an effort to make a profit/surplus or , sometimes, to do good for society!
Remember : Entrepreneurs must consider ‘needs and wants’, demand AND scarcity! (eg oil /Gold)
Also: There needs to be a balance between factors! (eg, too many employees with not enough space on land to work on)

13. The Heckscher- Ohlin (HO) Theory
“Factor Endowments” are resources that organisations , in a given country, use to produce their goods or services!
This theory considers:
Capital for inputs (land, energy, buildings, etc)
Labour (costs such as wages, skills, qualifications, etc)
The HO theory suggests ‘Free Trade’ is beneficial to all trading partners.
Think! : France has the right type of soil and climate, (ie factor endowments), for growing grapes, thus enabling it to export wine!
Self Study: Please conduct some research into this theory!

14. And finally...
Activity:
Consider "Factors of Production", and, working in small groups, discuss aspects of each of the following, offering examples of such factors for each:
Land
Labour
Capital
Entrepreneurship
REMEMBER: STAKEHOLDERS ARE WATCHING YOU!
Please conduct some research into "Scarcity of Resources"