Postgraduate Course: Entrepreneurship and New Venture Creation in Context (MSc) (CMSE11309)
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 | 15 |
ECTS Credits | 7.5 |
| Summary | The aim of the course is to enhance participants' understanding of the role of the entrepreneur in the new venture creation process; develop their capabilities to recognise, assess and articulate new venture opportunities; help them to gain insights into the resources required to underpin venture development and growth, and how and where to access these resources; and enable them to appreciate the longer-term strategic options for growth and for 'harvesting' the venture. |
| Course description |
Aims, Nature, Context
The course seeks to help students 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. It aims to enhance their understanding of the role of the entrepreneur in the new venture creation process and to develop their capabilities to recognise, assess and articulate new venture opportunities. In addition to providing students with a solid grounding regarding management thinking on entrepreneurship and new venture creation the course also provides the opportunity to apply this knowledge in practice. The course requires students to work in groups to create a coherent and viable business concept which will be presented to an external panel in the last class session. Students will have opportunities to learn from each other, from practitioners in the field and from the latest theories/concepts on the topic. Interactive lecture sessions will be complemented by contributions from guest speakers who will be important to student learning by providing first-hand experience of the issues associated with pursing entrepreneurial opportunities. Whilst the frameworks and concepts learned are applicable in a start-up venture situation, most are as applicable when identifying and developing new activities within a larger organisational setting.
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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 2016/17, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 22,
Seminar/Tutorial Hours 8,
Summative Assessment Hours 75,
Other Study Hours 42,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
0 )
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| Additional Information (Learning and Teaching) |
Independent prepartory readings for lectures
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Coursework 100%
-Individual Essay 40%
-Group Written Business Plan 30%
-Group Presentation Pitch 10%
-Individual Learning Reflection 20% |
| Feedback |
During the semester students will receive verbal feedback and feed forward on their evolving business proposition during Lectures and Tutorials/Seminars. Written feedback on the assessed written elements of the course will be provided via feedback forms for each assignment. Formative feedback will be provided on a timescale so as to be of use in subsequent summative assessments within the course, as appropriate. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and critically evaluate the linkages between entrepreneurship and venture creation, development and growth, including the motivations which entrepreneurs have for creating new ventures
- Critically discuss alternative approaches and business models for the exploitation of entrepreneurial opportunities
- Analyse different business situations where entrepreneurial opportunities are present or possible, taking into consideration the resources required to pursue an opportunity
- Understand and evaluate critically the key elements and purpose of a business plan and know what should be included in a business 'pitch' of a new venture opportunity
- Work with others to develop a business plan for a viable business concept which can guide the start-up process
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Reading List
Barringer, BR and Ireland, RD (2012) Entrepreneurship: Successfully Launching New Ventures. 4th edition, Upper Saddle River, NJ: Pearson. (5th Edition available in 2016)
Burns, P (2011) Entrepreneurship and Small Business: Start-up, Growth and Maturity, 3rd edition, Basingstoke: Palgrave Macmillan.
Burns, P (2014) New Venture Creation: A Framework for Entrepreneurial Start-Ups, 1st edition, Basingstoke: Palgrave Macmillan.
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Additional Information
| Graduate Attributes and Skills |
Knowledge and Understanding:
Understand and critically evaluate the linkages between entrepreneurship and venture creation, development and growth;
Understand and critically evaluate the contrasting motivations which entrepreneurs have for creating new ventures and understand how those motivation influence venture development and growth;
Understand and critically evaluate 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;
Critically discuss alternative approaches and business models for the exploitation of entrepreneurial opportunities;
Understand and evaluate critically the key elements and purpose of a business plan and know what should be included in a business ¿pitch¿ of a new venture opportunity;
Cognitive Skills:
After completing this course, students will 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;
Develop a business plan with others that can guide the start-up process;
Locate and access materials/data, drawn from multiple sources of information and assess its their relevance to the opportunity under consideration.
Transferable Skills
Work in groups to create a coherent and viable business concept;
Learn from each other and from practitioners in the field. |
| Keywords | EI-ENVC |
Contacts
| Course organiser | Dr Sarah Cooper
Tel:
Email: Sarah.Cooper@ed.ac.uk |
Course secretary | Mrs Yvonne Sanderson
Tel: (0131 6)51 5333
Email: Yvonne.Sanderson@ed.ac.uk |
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