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Venture Development builds upon the concepts and ideas studied in Entrepreneurship (0319). Learners focus on planning, creating, implementing, evaluating, and growing their own business venture. Venture Development is designed for learners interested in starting their own business and in furthering their knowledge of business ownership and management principles.
The Guiding Principles for the Design of Learning Experiences and Assessment Practices provide guidance to all Manitoba educators as they design learning experiences and classroom assessments to strengthen, extend, and expand student learning. Planning with the learner, the context, and the curricula in mind creates opportunities for the co-construction of inclusive learning experiences and assessment practices where the diverse learning needs, abilities, and interests of each learner are met.
Assessment for and as learning involve learners in the process and support learner reflection; assessment of learning (commonly known as summative evaluation) measures final outcomes. All aspects, when done well, contribute to informed teaching and reliable judgment of learner progress.
The Guiding Principles for Evaluation and Reporting are currently still under development and not yet available. When completed, a notification will be added to the Manitoba Framework for Learning “What’s New?” page on the website.
GLO 1.1: Demonstrate critical, creative, and innovative thinking.
11.1.1.1 Formulate questions to generate new ideas.
11.1.1.2 Assess information and perspectives related to the thinking process.
11.1.1.3 Assess patterns and connections related to critical, creative, and innovative thinking.
GLO 2.1: Employ current and emerging technologies used in business and industry.
11.2.1.1 Evaluate appropriate current technologies for use in business and industry.
11.2.1.2 Utilize appropriate current technologies used in business and industry.
11.2.1.3 Identify and use technology for specific tasks to improve productivity and efficiency.
11.2.1.4 Formulate a plan to utilize emerging trends in technology.
GLO 2.2: Demonstrate an awareness of digital footprints.
11.2.2.1 Analyze the impact of one’s own digital footprint.
GLO 3.1: Demonstrate business communication skills.
11.3.1.1 Define and use appropriate business language and terminology.
11.3.1.2 Demonstrate appropriate business etiquette and protocols.
11.3.1.3 Employ conflict resolution techniques.
11.3.1.4 Produce business documents.
11.3.1.5 Present information and ideas.
GLO 4.1: Demonstrate an understanding of ethical and legal standards
11.4.1.1 Differentiate between ethics and legal business practices.
11.4.1.2 Discuss ethical business strategies.
11.4.1.3 Discuss laws, codes, and regulations related to entrepreneurship.
GLO 5.1: Identify historical influences as innovative sources for business.
11.5.1.1 Describe historical influences on the evolution of entrepreneurship.
GLO 5.2: Analyze emerging trends in business.
11.5.2.1 Identify emerging trends in entrepreneurship.
11.5.2.2 Analyze emerging trends in entrepreneurship.
11.5.2.3 Predict future trends in entrepreneurship.
GLO 6.1: Demonstrate an awareness of sustainability in business.
11.6.1.1 Demonstrate human sustainability practices while considering financial and environmental sustainability.
11.6.1.2 Demonstrate sustainable environmental practices while considering human and financial sustainability.
11.6.1.3 Demonstrate sustainable financial practices while considering human and environmental sustainability.
GLO 7.1: Demonstrate an understanding of the impact culture and diversity have on business.
11.7.1.1 Reflect on how culture impacts business decisions, which may include
11.7.1.2 Examine First Nations, Métis, and Inuit perspectives and how they relate to business.
GLO 8.1: Describe and demonstrate employability skills.
11.8.1.1 Demonstrate the ability to read and write text, use documents, work with numbers, communicate orally, use technology, learn continuously, and think critically.
11.8.1.2 Demonstrate positive attitude and behaviours, responsibility, adaptability, and safe work practices.
11.8.1.3 Demonstrate time management and punctuality.
11.8.1.4 Demonstrate the ability to work with others and participate in projects and tasks.
GLO 9.1: Explore education and career opportunities.
11.9.1.1 Explore education and career opportunities related to entrepreneurship.
GLO 10.1: Analyze the role of business in society.
11.10.1.1 Analyze the role of entrepreneurship.
GLO 11.1: Demonstrate an understanding of entrepreneurship.
11.11.1.1 Define entrepreneurship.
11.10.1.2 Analyze how creativity is essential to entrepreneurship.
11.10.1.3 Analyze why innovation is essential to entrepreneurship.
GLO 11.2: Demonstrate an understanding of the role of digital commerce in entrepreneurship.
11.11.2.1 Analyze the role of digital commerce in entrepreneurship.
11.11.2.2 Integrate digital commerce in entrepreneurial plans where applicable.
GLO 11.3: Demonstrate an understanding of market.
11.11.3.1 Analyze the marketplace to identify needs and wants.
11.11.3.2 Develop business strategies that appeal to specific target markets.
11.11.3.3 Evaluate and assess an industry’s current profile and future outlook.
11.11.3.4 Analyze the external factors that may affect a business, which may include
GLO 11.4: Demonstrate an understanding of the marketing mix.
11.11.4.1 Analyze the elements of the marketing mix, which include
11.11.4.2 Construct product development strategies.
11.11.4.3 Construct pricing strategies.
11.11.4.4 Construct place and distribution strategies.
11.11.4.5 Construct promotional strategies.
GLO 11.5: Demonstrate an understanding of business finance.
11.11.5.1 Identify the difference between cost and price.
11.11.5.2 Calculate and analyze
11.11.5.3 Prepare a comparative income statement.
11.11.5.4 Demonstrate the ability to analyze financial statements to make business decisions.
GLO 11.6: Demonstrate an understanding of the planning process.
11.11.6.1 Apply the three-stage planning process: plan, implement, evaluate.
11.11.6.2 Prove effective project management skills, which include
GLO 11.7: Apply business strategies to complete an entrepreneurial venture.
11.11.7.1 Identify and discuss legal considerations related to entrepreneurial ventures, such as
11.11.7.2 Analyze a comprehensive business plan.
11.11.7.3 Develop a comprehensive business plan, which includes
11.11.7.4 Develop a formal presentation on a business plan, which may include
11.11.7.5 Utilize one’s own business plan to complete the following business functions:
11.11.7.6 Construct a revised business plan based on evaluation and reflections for growth.
This course has no applicable learning outcomes for this ACE goal.
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