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iRubric: Entrepreneurship I rubric

iRubric: Entrepreneurship I rubric

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Entrepreneurship I 
Entrepreneurship I
This course provides the foundational knowledge necessary to develop and enhance participants' entrepreneurial skills. Through the content exploration and the experiential component of the course, they will discover and apply entrepreneurial thinking skills as a strategy to innovate and transform an idea into a business possibility.
Rubric Code: TXB9W43
By mbrass
Ready to use
Public Rubric
Subject: Business  
Type: ePortfolio  
Grade Levels: 9-12

Powered by iRubric Entrepreneurship I
  Excellent

Demonstrate mastery of skills and execute completely all activities

4 pts

Good

Demonstrate basic understanding of skills and execute completely most activities

3 pts

Average

Does demonstrate mastery of skills and does complete most assigned activities

2 pts

Poor

Does not demonstrate mastery of skills and does not complete assigned activities

1 pts

Entrepreneurial Thinking

Participant comprehend what it means to think entrepreneurially by demonstrating key skills: problem recognition, opportunity and assets awareness, risk-taking openness, obstacle management, solution creation.
Excellent

Participant can explain and apply entrepreneurial thinking skills for positing an idea and/or approach to satisfy an identified need and/or to solve a problem
Good

Participant can explain how entrepreneurial thinking skills could be used for positing an idea and/or approach to satisfy an identified need and/or to solve a problem
Average

Participant can explain how entrepreneurial thinking skills could be used for positing an idea and/or approach to satisfied an identified need and/or to solve a problem
Poor

Participant cannot explain how entrepreneurial thinking skills could be used for positing an idea and/or approach to satisfied an identified need and/or to solve a problem
Idea transformation

Participant understands the fundamental approach to transform an idea into a business possibility by generating ideas, planning a feasible business model and plan for implementation
Excellent

Participant generates outcome-driven ideas and devise beta business models for implementation
Good

Participant understands how to generate ideas and how to explain potential business models for implementation
Average

Participant does understand how to generate ideas and how to explain potential business models for implementation
Poor

Participant does not understand how to generate ideas and how to explain potential business models for implementation
Collaboration

Participant identifies successful entrepreneurs in a local community and develop a collaborative support system to include at least two local agencies, entrepreneur mentors, and business advisers.
Excellent

Participant has developed a local entrepreneurial support system that includes at least two local agencies, entrepreneur mentors, and business advisers.
Good

Participant has developed a local entrepreneurial support system that includes at least one local agencies, entrepreneur mentors, and business advisers.
Average

Participant has developed a local entrepreneurial support system that includes at least one local agencies, entrepreneur mentors, and business advisers.
Poor

Participant has not developed a local entrepreneurial support system that includes at least one local agencies, entrepreneur mentors, and business advisers.
Strategy

Participant explain the key benefits of entrepreneurship as a local economic development strategy.
Excellent

Participant explains the key benefits of entrepreneurship as a local economic development strategy and can position his/her business idea in the local market landscape.
Good

Participant can explain the key benefits of entrepreneurship as a local economic development strategy and but struggle to position his/her business idea in the local market landscape.
Average

Participant can explain the key benefits of entrepreneurship as a local economic development strategy and struggle to position his/her business idea in the local market landscape.
Poor

Participant cannot explain the key benefits of entrepreneurship as a local economic development strategy and struggle to position his/her business idea in the local market landscape.
Entrepreneurial approach

Participant recognizes community economic issues that can be addressed through an entrepreneurial approach
Excellent

Participant utilize entrepreneurial thinking skills to present business ideas addressing local community economic issues through an entrepreneurial approach
Good

Participant can explain how an entrepreneurial approach could help with community economic issues
Average

Participant can explain how an entrepreneurial approach could help with community economic issues
Poor

Participant cannot explain how an entrepreneurial approach could help with community economic issues
Framework and elements

Participant creates the basic framework (value proposition, customer segment and relationships, channels) and elements (key partners, activities, and resources, cost structure, revenue streams) to test his/her preferred idea in the market place.
Excellent

Participant creates the basic framework and elements to test his/her preferred idea in the market place
Good

Participant creates the basic framework and identify elements to test his/her preferred idea in the market place
Average

Participant has not created the basic framework nor elements to test his/her preferred idea in the market place
Poor

Participant has not created the basic framework nor elements to test his/her preferred idea in the market place



Keywords:
  • opportunity recognition, outcome-driven innovation, marketing, strategic planning and action

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