Postgraduate Course: New Venture Creation and the Entrepreneurial Process (MBA) (CMSE11242)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Not available to visiting students
|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.
This course is an intensive one-week experience, which will be intellectually stimulating yet highly practical. Its primary objective is to enable students to develop a solid understanding of key concepts underpinning entrepreneurship, the exploitation of new ideas and new venture creation (NVC). The course aims to develop the intellectual skills of students to understand, analyse and critically evaluate theories/concepts and current issues relating to new venture creation and entrepreneurial management and to apply these in a practical context.
The entrepreneurial process.
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.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| For Business School PG students only, or by special permission of the School. Please contact the course secretary.
Course Delivery Information
|Academic year 2019/20, Not available to visiting students (SS1)
|Learning and Teaching activities (Further Info)
Lecture Hours 20,
Summative Assessment Hours 30,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Business pitch/presentation (30%)
Individual business plan (70%)
||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.
|No Exam Information
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.
|Blank S (2013) Why the lean startup changes everything. Harvard Business Review.|
Helmer, J (2014) Ways to cut through the crowdfunding clutter.
Additional reading is based on research papers, to be advised at the start of the course.
|Graduate Attributes and 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.
|Keywords||Entrepreneurship Venture Start-up Planning
|Course organiser||Miss Joanna Young
|Course secretary||Mrs Angela Muir
Tel: (0131 6)51 3854