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King’s Entrepreneurship Lab Essay Competition 2024 is launched!

Geoff Riley

17th April 2024

We are delighted to support the launch of the 2nd King’s Entrepreneurship Lab Essay Competition 2024 - this is a superb initiative that encourages UK-based school students (in Year 11 and Year 12, or equivalent) to pursue entrepreneurial aspirations and understand better how to launch an enterprise - it is also a brilliant opportunity for student enrichment ahead of the 2024-25 UCAS application season.

Students are invited to select one of the three questions below, to write a 1,000 word essay:

Q1: Entrepreneurs that innovate can keep up with the latest trends and fight off competition to increase consumer demand for their products. However, innovation can be expensive and can also destroy revenues for a firm's existing products. Provide some examples of this and discuss, in more detail, the trade-offs firms and entrepreneurs face when deciding to innovate, and what happens if they fail to innovate.

Q2: Discuss the concept of social entrepreneurship and its role in addressing social and environmental issues. Analyse, in depth, a successful social enterprise and discuss how it balances the trade-off between profit-making with creating a positive impact.

Q3: Explore the rise of the gig economy and its implications for entrepreneurs. Discuss the advantages and disadvantages of gig work for entrepreneurs and strategies for succeeding in this evolving economic landscape.

Full details can be found here

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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