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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: New Venture Creation and the Entrepreneurial Process (MBA) (CMSE11242)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThe 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.
Course description 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.
Start-up ecosystems
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)
Pre-requisites Co-requisites
Prohibited Combinations 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 2022/23, Not available to visiting students (SS1) Quota:  None
Course Start Block 5 (Sem 2) and beyond
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 20, Summative Assessment Hours 30, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 48 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Feedback 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
Learning Outcomes
On completion of this course, the student will be able to:
  1. Reflect upon and critically evaluate theories and concepts underpinning entrepreneurship and new venture creation more widely.
  2. Understand and discuss critically the relationship between entrepreneurship and new venture creation, development and growth.
  3. 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.
  4. Critically assess potential market opportunities in a structured way, and understand a variety of different start-up business types in the technology & biomedical sectors.
  5. Critically assess and establish an entrepreneurial opportunity of the student¿s own, reflecting upon the experiences presented by practitioners from a variety of companies.
Reading List
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.
Additional Information
Graduate Attributes and Skills Cognitive 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.
KeywordsEntrepreneurship Venture Start-up Planning
Course organiserDr Alessandro Rosiello
Tel: (0131 6)50 8246
Course secretaryMrs Angela Muir
Tel: (0131 6)51 3854
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