The Territory Covered

The capability
• to handle uncertainty and respond positively to change,
• to create and implement new ideas and new ways of doing things,
• to make reasonable risk/reward assessments and act upon them in one's personal and working life.
This depends on the development of:
• Knowledge and understanding of concepts – organisation, innovation, risk, change,
• Skills – decision-making (particularly under conditions of uncertainty), personal and social, leadership, risk management, presentational,
• Attitudes – self-reliance, open-mindedness, respect for evidence, pragmatism, commitment to making a difference

The capability
• To understand key financial and economic ideas,
• To be skilled in managing their financial affairs
• To recognise the importance of using financial resources responsibly
This depends on the development of:
• Knowledge and understanding – familiarity with a range of concepts such as money, credit and investment, savings, interest
• Attitudes – taking responsibility for the wider impact and implications of money and financial decisions on individuals, business and community.

The capability
• To understand the business context and make informed choices between alternative uses of scarce resources
This depends on the development of:
• Knowledge and understanding – familiarity with a range of economic concepts such as trade, buying + selling, the market, competition, price, efficiency and economic growth,
• Skills – the ability to take decisions and make judgements on issues with an economic dimension, investigate simple hypotheses and apply theoretical understanding to practical situations,
• Attitudes – an interest and concern in: economic affairs, responsible use of resources, challenges of business and its importance to society, responsibility to employers to the community and the environment.

(although this is statutory for all KS4 students, it is an important part of an enterprise culture for all young people)

The capability
• To relate their own abilities, attributes and achievements to career intentions and make informed choices based on an understanding of the alternatives,
• To understand how business enterprises operate
This depends on development of:
• Knowledge and understanding – working roles and conditions, how and where people work, rights and responsibilities in the workplace, awareness of the extent and diversity of local and national employment and opportunities,
• Skills – recognise, develop and apply their skills for enterprise and employability, particularly in functional numeracy and literacy
- Develop awareness of the extent and diversity of local and national employment opportunities
- Access opportunities for vocationally focussed learning in secondary education