Postgraduate Course: New Venture Creation and the Entrepreneurial Process (EMBA) (CMSE11272)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The primary objective of the course is to enable the student to develop a solid understanding of key concepts underpinning entrepreneurship and new venture creation and to apply these in a practical context. |
| Course description |
This course is an intensive one-week experience, which is intellectually stimulating yet highly practical. The course aims to develop the intellectual and practical skills of students in relation to entrepreneurship and the practical process of new venture creation.
Syllabus
The entrepreneurial process.
Start-up ecosystems
Impact of entrepreneurship on the economy
Alternative start-up business models
The lean start-up
Process of new venture creation
Innovation and creativity
Business structures and intellectual property.
Financing and investment, venture capital.
Student Learning Experience
A key component of this course focuses on engagement with real entrepreneurs, practitioner business advisors, venture capitalists and on-site visits to explore the local entrepreneurial ecosystem. Students will be encouraged to develop and pitch their own business ideas to an expert panel, and there will be a variety of opportunities to network with the entrepreneurial community.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
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| Academic year 2015/16, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 20,
Summative Assessment Hours 30,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
48 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Business pitch/presentation (30%)
Individual business plan (70%)
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| Feedback |
Verbal feedback will be provided throughout the course, during group work and during the sessions when individual business plans are being developed. The feedback for the business pitch will be available within 15 days, in time to inform the subsequent submission of the individual business plan. Marks and feedback for the business plan will be issued within 15 days of course completion.
Students will be provided with electronic written feedback for all coursework. Coursework cannot be taken away by students. Students who wish to view a marked piece of coursework should contact the programme support team to arrange a time.
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| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Reflect upon and critically evaluate theories and concepts underpinning entrepreneurship and new venture creation more widely.
- Understand and discuss critically the relationship between entrepreneurship and new venture creation, development and growth.
- Assess critically how a local entrepreneurial ecosystem interacts and develops, and adapt elements of the entrepreneurial process to a variety of business and organisational contexts.
- Critically assess potential market opportunities in a structured way, and understand a variety of different start-up business types in the technology & biomedical sectors.
- Critically assess and establish an entrepreneurial opportunity of the student¿s own, reflecting upon the experiences presented by practitioners from a variety of companies.
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Reading List
Reis, E (2011) The Lean Startup.
Osterwalder A and Y Pignuer (2010) Business Model Generation.
Timmons, JA and Spinelli, S (2008) New Venture Creation: Entrepreneurship for the 21st Century, New York, NY, McGraw-Hill/Irwin.
Additional reading is based on research papers, to be advised at the start of the course. |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills:
Analyse different business situations where entrepreneurial opportunities are present or possible;
Assess critically where and how entrepreneurial behaviour and actions can be applied in different business contexts;
Generate and assess critically new business ideas;
Assess the resources required to pursue an opportunity;
Manage or advise on the key elements for creating a new venture;
Develop a business plan that can guide the start-up process and access resources.
Subject Specific Skills:
Structure, develop and deliver an investor pitch;
Develop a strategy for testing a new idea using lean start-up techniques;
Devise, research, analyse and create an individual business plan;
Assess and iterate through a variety of different start-up business models
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| Keywords | Entrepreneurship Venture Start-up Planning |
Contacts
| Course organiser | Dr Malcolm Kirkup
Tel: (0131 6)50 8067
Email: |
Course secretary | Miss Tammy French
Tel: (0131 6)50 3475
Email: |
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