Postgraduate Course: Entrepreneurship and New Venture Creation in Context (MSc) (CMSE11309)
||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 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.
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.
Entry Requirements (not applicable to Visiting Students)
||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.
Course Delivery Information
|Academic year 2019/20, Not available to visiting students (SS1)
|Learning and Teaching activities (Further Info)
Lecture Hours 30,
Summative Assessment Hours 75,
Other Study Hours 42,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
|Additional Information (Learning and Teaching)
Independent prepartory readings for lectures
|Assessment (Further Info)
|Additional Information (Assessment)
-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
||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
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
|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 ;
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.
Work in groups to create a coherent and viable business concept;
Learn from each other and from practitioners in the field
|Course organiser||Ms Debbie Crompton
|Course secretary||Ms Emily Davis
Tel: (0131 6)51 7112