Undergraduate Course: Entrepreneurship and New Venture Creation (BUST10117)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | The aim of this course is to enhance your understanding of what it takes to develop a growing entrepreneurial start-up and the financing of these new fast growth (scaling) ventures. In following the entrepreneurial journey through lectures, workshops, case studies and guest lectures, you will learn about scale-up growth trajectories and the importance of financiers such as business angels and venture capitalists in supporting growth. |
| Course description |
The course provides students with a solid grounding in the theory and practice of growing and financing of entrepreneurial ventures. Knowledge, awareness and understanding of key theories are developed through lectures and workshops while practical insights into growing a business are supported by interactive case studies and guest lecturers that have direct experience of entrepreneurial growth.
Syllabus
- What is a fast growth firm and why does it matter?
- Theories of fast growth: what explains why some firms
grow?
- The value of support in scaling a business: what is the role
of teams and entrepreneurial ecosystems in supporting
growth?
- Understanding the entrepreneurial finance landscape: what
role do banks, crowdfunders, business angels and venture
capitalists play in supporting growth?
- Entrepreneurial business valuations: what are the main
methods of valuing a fast growth business?
- Business exit: what happens to growth firms and how do
they harvest value?
Student Learning Experience
Taught over ten two-hour sessions, it successively builds your understanding, awareness and insights into fast growth businesses. During the course, you will be asked to critically reflect on a case study of a for profit fast growth business using the theories, insights and knowledge that you have developed on the course. By the end of the course, and again on your own, you will be asked to critically analyse (although in a non-technical way) the financing choices and implications facing a for profit fast growth business.
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Information for Visiting Students
| Pre-requisites | Visiting students must have at least 4 Business courses at grade B or above. This MUST INCLUDE one course equivalent to BUST08015 Innovation and Entrepreneurship. This course cannot be taken alongside BUST08015 Innovation and Entrepreneurship. We will only consider University/College level courses. |
| High Demand Course? |
Yes |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and discuss critically what growth theories tell us about venture development and growth.
- Critically evaluate entrepreneurial growth business models and the value of entrepreneurial support.
- Understand and discuss critically entrepreneurial financing and have developed a greater literacy in how entrepreneurial ventures are valued.
- Understand and critically evaluate business harvesting (entrepreneurial exits) strategies available to fast growth entrepreneurs.
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Reading List
REQUIRED TEXT(S)
Greene, F.J. (2020) Entrepreneurship theory and practice, Red Globe.
RECOMMENDED READINGS
Journal articles and further academic readings will be provided throughout the course.
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Additional Information
| Graduate Attributes and Skills |
Cognitive skills
On completion of the course students should 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;
- Manage or advise on the key elements for creating a new venture;
- Develop a business plan with others that can guide the start-up process and access resources;
- Locate and access materials/data, draw from multiple sources of information and assess its relevance to the opportunity under consideration;
- Work together in a team to deliver a multifaceted project to a tight deadline.
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| Keywords | ENVC |
Contacts
| Course organiser | Dr Augusto Rocha
Tel:
Email: Augusto.Rocha@ed.ac.uk |
Course secretary | Miss Anne Cunningham
Tel: (0131 6)50 3827
Email: Anne.Cunningham@ed.ac.uk |
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