BUSINESS STUDIES HOME PACKAGE FORM ONE: Entrepreneurship


 

Entrepreneurship

Target Level: Form One (Secondary School)
Based on: Business Studies for Secondary Schools – Student’s Book Form One (Tanzania Institute of Education, 2023)


1. Guiding Questions for Note-Taking

Section A: Understanding Entrepreneurship

  1. Define entrepreneurship in your own words. How does it differ from traditional employment?

  2. List the three types of entrepreneurship (Business, Intrapreneurship, Social). Provide a local example for each.

  3. Explain the roles of an entrepreneur and an intrapreneur. How are they similar/different?

Section B: Characteristics of Entrepreneurs
4. Identify five key characteristics of successful entrepreneurs (e.g., creativity, risk-taking).

  • Activity: Interview a local entrepreneur (e.g., shop owner) and note which traits they exhibit.

  1. Why is innovation critical for entrepreneurship? Use the evolution of mobile phones (Figure 2.3) as an example.

Section C: Entrepreneurial Skills
6. Describe the following skills and their importance:

  • Financial management

  • Negotiation

  • Networking

  1. Case Study: How did TANESCO’s LUKU system (Activity 2.4) demonstrate innovation and problem-solving?

Section D: Theories of Entrepreneurship
8. Summarize two theories:

  • Innovation Theory (Schumpeter)

  • Risk-Bearing Theory (Knight)

  1. Debate: Are entrepreneurs born or made? Support your answer with theories.

Section E: Importance of Entrepreneurship
10. How does entrepreneurship:
- Reduce unemployment?
- Promote social change (e.g., eco-friendly businesses)?


2. Structured Activities

a) Research Task:

  • Investigate a Tanzanian entrepreneur (e.g., Reginald Mengi, Mohammed Dewji).

    • Present their: Challenges, Innovations, Impact on Society.

b) Business Simulation:

  • Design a simple business plan for a school-based enterprise (e.g., selling snacks, stationery). Include:

    • Product Idea

    • Target Customers

    • Budget (Start-up costs)

c) Group Discussion:

  • Topic: "Can a sole proprietorship grow into a large company?" Use Juliana’s tailoring shop (Chapter 3) as an example.


3. Assessment Questions

Short Answer:

  1. What is the difference between goods and services in entrepreneurship?

  2. How does scarcity influence entrepreneurial opportunities?

Essay Question:

  • "Entrepreneurship is the backbone of Tanzania’s economy." Discuss with three examples.


4. Glossary Practice

Define and use in sentences:

  • Innovation

  • Opportunity Cost

  • Unlimited Liability


5. Extension Resources

  • Video: Watch TED Talk "The Power of Youth Entrepreneurship" (link to be provided).

  • Textbook Reference: Revisit Chapter 2 (Entrepreneurship) and Chapter 3 (Sole Proprietorship).


Teacher’s Notes:

  • Encourage real-world connections (e.g., field visits to local markets).

  • Use Figure 2.2 (Entrepreneur Characteristics) for visual learners.

Package Alignment:

  • Covers 2023 Tanzanian Syllabus for Business Studies.

  • Integrates critical thinking, research, and practical application.


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