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 2020/21, 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 (40%) - assesses LO1, LO2
Group business plan (40%) - LO3, LO4, LO4, LO5
Individual business plan section (10%) - assesses LO3, LO4, LO4,
Group presentation (video) 10% - assesses LO3, LO4, LO4, LO5
||Formative feedback will be given on formative assessment of business plan section two weeks in advance of the due date, giving students the opportunity to make changes before business plans are due.
Other assignments will get written feedback within 15 days of due date.
|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||Dr Benjamin Spigel
Tel: (0131 6)51 5552
|Course secretary||Miss Lauren Millson
Tel: (0131 6)51 3013