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 this theory led, practically orientated course is to enhance students' understanding of:
- The role of the entrepreneur in start-up processes;
- Practical ways of recognising, assessing and articulating start-up opportunities;
- Options for scaling up a start-up.
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| Course description |
Aims, Nature, Context
The course provides a theory-led understanding of entrepreneurial start-up motivations and processes. This has the practical benefit of allowing students to assess the desirability and feasibility of starting up a business as a career option. The aim, therefore, is that students emerge from the course with a solid academic and practical understanding of how start-up entrepreneurs go about creating, delivering and capturing value for their customers.
Key practical tasks are to work in a group to come up with a business idea, develop a pitch for this idea and write up a feasibility study of the idea. These activities are supported by sessions - including guest sessions from entrepreneurs - that will provide skills and knowledge about start-up planning frameworks and tools (e.g. formal planning, lean start-up, effectuation).
The key academic task is an assignment that demonstrates a well grounded and informed evidence based understanding of entrepreneurial processes involved in entrepreneurial start up and growth.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | This course is only open to MSc E&I and Optima PhD students.
Entrepreneurial Finance - the business idea developed in this course will be used as the basis for the assessed presentation for Entrepreneurial Finance.
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Course Delivery Information
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| Academic year 2018/19, 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 30,
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 50% - assesses LO1, LO2
-Group Written Business Plan 30% - assesses LO3, LO4, LO4, LO5
-Group Presentation Pitch 20% - assesses LO3, LO4, LO4, LO5
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| 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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Additional Information
| Graduate Attributes and Skills |
Knowledge and Understanding:
Understand and critically evaluate venture creation processes and planning; Understand and critically evaluate the processes involved in identifying and screening entrepreneurial opportunities and know how to assess a range of possible market opportunities;
Critically discuss alternative approaches and business models for the exploitation of entrepreneurial opportunities; Understand and evaluate critically the key elements and purpose of entrepreneurial planning ;
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 planning 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
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| Keywords | EI-ENVC |
Contacts
| Course organiser | Prof Francis Greene
Tel: (0131 6)50 3798
Email: Francis.Greene@ed.ac.uk |
Course secretary | Ms Emily Davis
Tel: (0131 6)51 7112
Email: Emily.Davis@ed.ac.uk |
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