CTE Resource Center - Verso

Virginia’s CTE Resource Center

2018/2019 Competency-Based Task/Competency List for Entrepreneurship Education, Advanced (9094/36 weeks)

Tasks/competencies bordered in blue are considered optional when marked as such; they and/or additional tasks/competencies may be taught at the discretion of the school division. All other tasks are considered essential statewide and are required of all students.

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Demonstrating Workplace Readiness Skills: Personal Qualities and People Skills

  1. Demonstrate positive work ethic.
  2. Demonstrate integrity.
  3. Demonstrate teamwork skills.
  4. Demonstrate self-representation skills.
  5. Demonstrate diversity awareness.
  6. Demonstrate conflict-resolution skills.
  7. Demonstrate creativity and resourcefulness.

Demonstrating Workplace Readiness Skills: Professional Knowledge and Skills

  1. Demonstrate effective speaking and listening skills.
  2. Demonstrate effective reading and writing skills.
  3. Demonstrate critical-thinking and problem-solving skills.
  4. Demonstrate healthy behaviors and safety skills.
  5. Demonstrate an understanding of workplace organizations, systems, and climates.
  6. Demonstrate lifelong-learning skills.
  7. Demonstrate job-acquisition and advancement skills.
  8. Demonstrate time-, task-, and resource-management skills.
  9. Demonstrate job-specific mathematics skills.
  10. Demonstrate customer-service skills.

Demonstrating Workplace Readiness Skills: Technology Knowledge and Skills

  1. Demonstrate proficiency with technologies common to a specific occupation.
  2. Demonstrate information technology skills.
  3. Demonstrate an understanding of Internet use and security issues.
  4. Demonstrate telecommunications skills.

Examining All Aspects of an Industry

  1. Examine aspects of planning within an industry/organization.
  2. Examine aspects of management within an industry/organization.
  3. Examine aspects of financial responsibility within an industry/organization.
  4. Examine technical and production skills required of workers within an industry/organization.
  5. Examine principles of technology that underlie an industry/organization.
  6. Examine labor issues related to an industry/organization.
  7. Examine community issues related to an industry/organization.
  8. Examine health, safety, and environmental issues related to an industry/organization.

Addressing Elements of Student Life

  1. Identify the purposes and goals of the student organization.
  2. Explain the benefits and responsibilities of membership in the student organization as a student and in professional/civic organizations as an adult.
  3. Demonstrate leadership skills through participation in student organization activities, such as meetings, programs, and projects.
  4. Identify Internet safety issues and procedures for complying with acceptable use standards.

Preparing for Life as an Entrepreneur

  1. Assess risks associated with starting a business.
  2. Identify the risks involved in a business start-up.
  3. Explain the concept of risk management.
  4. Apply time-management skills.
  5. Apply business ethics to entrepreneurship.
  6. Write business communications.
  7. Demonstrate negotiation skills.

Understanding Small-Business Management Concepts

  1. Explain legal issues related to setting up a sole proprietorship, corporation, partnership, franchise, and not-for-profit.
  2. List the steps for acquiring a business license.
  3. Explain legal regulations that relate to small businesses.
  4. Explain human resources management functions.
  5. List the steps for hiring employees.
  6. List steps for orienting and training employees.
  7. Explain strategies for motivating employees.
  8. Explain human resources policies (e.g., training, compensation, benefits) for an entrepreneurial enterprise.
  9. Determine insurance coverage needs and the steps in securing insurance coverage.
  10. List the steps for obtaining contract workers.
  11. Identify the uses of technology in entrepreneurship.

Projecting Financial Requirements

  1. Assess personal financial status.
  2. Evaluate alternative financing sources.
  3. Project cash flow.
  4. Describe accounting procedures and the importance of keeping good financial records.
  5. Explain the concept of break-even analysis.
  6. Explain ROI (return on investment) and ROS (return on sales).
  7. Prepare a projected income statement.
  8. Explain the impact of interest-rate fluctuations.
  9. Develop a budget.

Marketing a Business

  1. Explain the concept and importance of marketing research.
  2. Describe the regulation of marketing information management.
  3. Conduct primary and secondary market research for a business.
  4. Use research to analyze an industry.
  5. Explain the concept of channels of distribution.
  6. Describe product positioning strategies.
  7. Explain the role of philanthropy in marketing a business.
  8. Develop a marketing plan.

Understanding Economic Influences on a Business

  1. Explain the concept of the gross domestic product.
  2. Identify the stages in the business cycle.
  3. Explain how global trade affects entrepreneurs.
  4. Explain the economics of one unit (EOU).

Applying Sales and Customer Service Skills

  1. Explain company selling policies.
  2. Explain warranties/guarantees.
  3. Demonstrate a sales call.
  4. Use customer relationship management systems to increase sales.

Starting an Entrepreneurial Business

  1. Select a form of business ownership.
  2. Develop a business model and a business plan.
  3. Develop an elevator pitch and an investor pitch.
  4. Describe various exit strategies.
  5. Describe resources used by entrepreneurs for business planning.
  6. Evaluate business acquisition options.
  7. Develop an opening plan.

Maintaining an Entrepreneurial Business

  1. Identify potential crises that may occur in a business and appropriate responses, using SWOT analysis.
  2. Develop a growth plan for a business.
  3. Develop a plan for continuing improvement.
  4. Update a product or service.
  5. Compare cash flow budget against actual performance.
  6. Explain the importance of compiling data for updating a business strategy.
  7. Outline procedures for updating a business strategy.
  8. Explain the benefits of fostering employee loyalty.
  9. Describe procedures for maintaining regular communication with bankers, supply chain management, and other professionals.
  10. Explain methods to maintain customer loyalty.
  11. Develop leadership and management skills.