Entrepreneurship and Management (P02107)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : MSE-P-EM

Entrepreneurship provides a new dimension to management, in which innovative owners and managers (entrepreneurs) exploit new opportunities to add value either to themselves (through founding their own new ventures) or to the organisation (by founding new lines of value within the organisation). The first part of the course will examine what entrepreneurship is, theories of entrepreneurship, and the scope of entrepreneurial studies in terms of their relevance to different types of organisations.

For many years entrepreneurship has been associated with smaller firms and small family businesses. This is because the small business sector can be dynamic and unencumbered with the bureaucracy of larger organisations. The second phase of the course examines entrepreneurship in the small business sector. Is there a special kind of small business or small family business management style? How innovative and entrepreneurial is it? Why and how do entrepreneurs start new firms? How do they succeed in establishing them successfully given that they usually start with small and inadequate resources, and often face formidable social disadvantage? How do entrepreneurial businesses grow? There is much evidence that many entrepreneurs grow their business interests by starting a succession of businesses rather than a single one. These entrepreneurs are called habitual entrepreneurs and the course will examine their styles of management closely.

In the third phase, the course examines the relevance of entrepreneurship to large organisations. Many large firms have to react to new market opportunities, and have to develop mechanisms to develop new products and services.

Finally the course concludes by reviewing pubic support for entrepreneurship at all levels covered in the course.

Entry Requirements

? This course is not available to visting students.

Subject Areas

Home subject area

Common Courses (Management School and Economics), (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 1 (Blocks 1-2)

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

All of the following classes

Type	Day	Start	End	Area
Lecture	Monday	09:00	10:50	Med+Vet

Summary of Intended Learning Outcomes

Overall the course should raise awareness of the importance of entrepreneurial management styles and techniques in both small and large organisations. The knowledge learnt will enable students to critically examine and question more traditional approaches to the study of management. Specific outcomes include an understanding of: :
- why entrepreneurship is difficult to define, and various interpretations of what entrepreneurship means;
- the role of small firms in economy and society;
- theories of entrepreneurship and the formation of new firms;
- entrepreneurship, business growth and habitual entrepreneurs;
- financial, human and social capital and the growth of firms;
- Entrepreneurship in larger organisations (innovation, corporate and social entrepreneurship.