BC's Indigenous Public Post-Secondary Institute

ACED-230 - Venture Development II - 3.00 Credits

ACED-230 - Venture Development II - 3.00 Credits

Course Details
ACED 230 introduces students to the field of entrepreneurship. Students examine the concepts, activities and new ways to meet the needs and demands of entrepreneurs. The course examines these themes: (1), the characteristics of the entrepreneur, (2), family businesses, (3), home-based businesses, (4), new product design, (5), business plan, (6) franchising and other alternatives. There will be a focus on opportunities for entrepreneurial development in Aboriginal communities facing challenges such as: downsizing, restructuring, information and communication technologies and globalization.
Part of the:
  • BUSINESS Department
  • Available/Required in the following Programs:
  • Aboriginal Community Economic Development Diploma - Diploma Completion Plan
  • Prerequisites : ACED Certificate or permission of instructor.
    Course Outline
    Instructors Qualifications: Relevant Master's Degree.
    Office Hours: 1.5 Per week.
    Contact Hours: 45
    Student Evaluation
    Assignments 50 - 70%, Final 30 - 50%, Total 100 %. Grading procedures follow NVIT policy.
    Learning Outcomes: Upon successful completion of this course students should be able to:
  • understand how entrepreneurship emerged as a leading economic force;

  • examine the experiences and trends of women and minority –owned businesses;

  • collect meaningful and relevant demographic and market information;

  • identify market segments, and develop an appropriate marketing plan;

  • evaluate a prospective new product in terms;

  • develop the product-based venture and evaluate various methods of distribution;

  • analyze the financial prospects for the venture, estimating revenues and expenses and performing a break-even analysis;

  • examine how well the customers are being served; and

  • develop a convincing low cost, differentiation and focus, based on realistic assumptions.
  • Text and Materials:
  • Text: Lambing,Peggy, Kuehl Charles, (2000), Entrepreneurship- 2nd edition. Prentice Hall, New Jersey. 07458.

  • Instructor’s Handouts.
  • Other Resources:
  • Venturella, J.B.(1999), The Entrepreneur’s Field Book.” Prentice Hall, New Jersey 07458.

  • Edward O. Welles. “Sound Strategy”. (May 1991): Vol.13, no.5.p.46(5).
  • Transfer Credits: For more information visit: www.bctransferguide.ca
    Other Information: ACED 230: Venture Development II is offered in the second year of the Aboriginal Community Economic Development (ACED) Program offered nationally through the Continuing Education Department at the Nicola Valley Institute of Technology (NVIT) located in Merritt, British Columbia, Canada.

    Students enrolled in ACED 230 should have completed a number of first year courses before attempting the course, including:
  • ACED 100: Introduction to Aboriginal Community Economic Development
  • ACED 115: Introduction to Accounting
  • ACED 120: Venture Development I
  • ADMN 130: Community Development
  • ADMN 190: Technical Communications I
  • ACED 140: Introduction to Marketing
  • ACED 160: Community Analysis
  • ADMN 121: Introduction to Management
  • ADMN 165: Computer Information Systems
  • ACED 151: Leadership Development

  • Guiding principles throughout the process are determined by the group and NVIT policy. However, consciousness raising, reciprocal learning and co-operation are emphasized.

    Education Council approved November 2001.