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DRPS : Course Catalogue : Business School : Business Studies

Undergraduate Course: Entrepreneurship and New Venture Creation (BUST10117)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThe aim of the course is to enhance participants' understanding of the role of the entrepreneur in the new venture creation process and develop their capabilities to recognise, assess and articulate new venture opportunities; to understand the resources required to underpin venture development and growth; and know from where and how to access these resources. The course also seeks to help participants to develop a greater awareness of their personal goals, motivations, strengths and limitations in the context of venture creation and growth, particularly in the context of forming new ventures or joining a new young venture.
Course description Not entered
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Innovation and Entrepreneurship (BUST08015)
Prohibited Combinations Other requirements Year 4 students in 11/12 who have not had the opportunity to take the 2nd year pre-requisite course 'Innovation and Entrepreneurship' but who wish to take this Honours course must seek permission from the Course Organiser.
Information for Visiting Students
Pre-requisitesA pass in Innovation and Entrepreneurship (BUST08015) equivalent.

Visiting students should have at least 3 Business Studies courses at grade B or above (or be predicted to obtain this). We will only consider University/College level courses.
Course Delivery Information
Academic year 2014/15, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 11, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 163 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) Coursework (100%)

Coursework consists of:

Individual Essay = 40%

Group Business Plan = 60%

Breakdown of Business Plan is:

Written = 35%
Peer Evaluation = 15%
Presentation = 10%

Given the emphasis on application and practice to develop entrepreneurial skills and abilities, the coursework element will incorporate both individual and group work components. The emphasis on teamwork/group work is intended to reflect the team-based nature of much new venture creation activity and the collective nature of innovation and new opportunity exploitation.

No Examination
Feedback Not entered
No Exam Information
Learning Outcomes
By the end of the module students will:
- Understand the linkages between entrepreneurship and venture creation, development and growth;
- Understand the contrasting motivations which entrepreneurs have for creating new ventures and understand how those motivation influence venture development and growth;
- Understand the stages and processes involved in identifying and screening entrepreneurial opportunities and know how to assess a range of possible market opportunities in a structured and systematic way;
- Appreciate alternative approaches and business models for the exploitation of entrepreneurial opportunities;
- possess an understanding of the key elements in and purpose of a business plan and know what should be included in a business 'pitch' of a new venture opportunity;
- Be familiar with operational requirements for launching new ventures and likely challenges experienced by entrepreneurs/entrepreneurial teams in bringing products and services to the market;
- Know how to determine the financial and human resource needs of different types of venture and understand where and how to access them;
- Understand how entrepreneurs develop and build quality into their networks, and how they utilise networks and other forms of assistance to support venture formation and growth;
- Have worked in a group/team-based environment to assess critically and develop a business plan for an entrepreneurial opportunity.

Cognitive skills
On completion of the course students should be able to:
- Analyse different business situations where entrepreneurial opportunities are present or possible;
- 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 with others that can guide the start-up process and access resources;
- Locate and access materials/data, draw from multiple sources of information and assess its relevance to the opportunity under consideration;
- Work together in a team to deliver a multifaceted project to a tight deadline.
Reading List
Additional Information
Graduate Attributes and Skills Not entered
Course organiserDr Omaima Hatem
Tel: (0131 6)50 3815
Course secretaryMiss Anne Cunningham
Tel: (0131 6)50 3827
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