Entrepreneurship: New Venture Creation
| Module title | Entrepreneurship: New Venture Creation |
|---|---|
| Module code | BEMM394 |
| Academic year | 2020/1 |
| Credits | 15 |
| Module staff | Miss Stela Ivanova (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 11 |
| Number students taking module (anticipated) | 100 |
|---|
Module description
Entrepreneurship: New Venture Creation: introduces both the theoretical and practical concepts of entrepreneurship and new venture creation. The module applies various theories and approaches to provide a holistic picture of the entrepreneurial process, as well as the practical aspects of the intellectual, behavioural and emotional demands associated with starting a new business. The module is intended to give a rigorous and honest insight into the realities of entrepreneurial activity and an understanding of the role small and medium sized businesses play in a modern economy. This may be via the creation of a new independent firm or the organisation of a new enterprise within an existing firm.
If you already have or are working on an idea for a new business, this module provides an opportunity to develop, refine and test the idea or concept.
Additional Information:
Internationalisation
You will have the opportunity to develop the ability to think globally and have an understanding of international cultures through working on global sustainability problems with team members from diverse cultures. Diverse teams make it possible to understand global problems from multiple perspectives and provide viable solutions.
External Engagement
This module invites outstanding academic and successful entrepreneurs to bring their expertise and knowledge related to the entrepreneurship into the classroom.
Sustainability
You are encouraged to tackle sustainability-related issues in your group and individual assignments The group assignment is based on analysis of a global sustainability issue, whereas the individual assignment will give you the opportunity to work on your own idea for solving that issue through a proposal for new venture creation.
Employability
This module will equip you with business skills required to create your own business or to create a new venture as part of an existing enterprise.
All of the resources for this module are available on the ELE (Exeter Learning Environment).
Module aims - intentions of the module
1. To introduce you to both theoretical and practical aspects of entrepreneurial process;
2. To give you a pragmatic insight into the process and organisation required to conceive, research and communicate a credible business idea in order to secure the necessary external resources to start a new business.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Explain how to create and discover opportunities for new venture creation
- 2. Apply the entrepreneurial mindset and entrepreneurial practices including design thinking, effectuation, lean design, and empathy for customers
- 3. Critically evaluate the factors for success and (financial) resource demands of the entrepreneurial process
- 4. Create a business model for a new venture, which solves a global problem
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 5. Apply concepts learned in Management to the specific area of entrepreneurial young firms
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 6. Work effectively with others in a group context
Syllabus plan
The module will cover the following topics:
- Entrepreneurship: types, impact, global trends
- Opportunity discovery and creation
- Entrepreneurial mindset and personality
- Theories of entrepreneurial action
- Business model canvas
- Business planning
- Getting resources in place
- Sources of finance for start-ups
- Managing, growing and leaving the business
- Intrapreneurship
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 24 | 126 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching | 20 | Lectures and tutorials- expected to be highly interactive, including: |
| Scheduled Learning and Teaching | 4 | Tutorials |
| Guided Independent Study | 126 | Including: writing individual essay; developing business idea and writing business |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Group work: Presentation of a global sustainability challenge and discussion of related problems | Group Poster | 1-8 | Class Discussion Feedback |
| The very nature of the module assumes an on-going (formative) dialog with the lecturer. Questions on current business issues introduced for class debate during each session. Students asked to elaborate points during the lectures and case studies. | During Tutorials | 1-8 | Class discussion and debate. Individual meetings (if necessary) |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 100 | 0 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Presentation (Groups of 3-5) | 10 | PowerPoint Presentation | 1, 2, 5, 7, 8 | Written Feedback |
| Individual business model canvas | 60 | 3,000 words | 1, 2, 4, 6 | Written Feedback |
| Individual digital report | 30 | 10 minute audio-video presentation | 1-6, 8 | Written Feedback |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Presentation, Business Model Canvas, Digital Report | An extended essay requiring a rigorous review and employment of current academic literature to answer a current entrepreneurial issue: i.e. How should government support fast growth businesses a current entrepreneurial issue: i.e. How should government support fast growth businesses? | 1-8 | August/September reassessment period |
Indicative learning resources - Basic reading
Regardless of module text and distributed or cited references papers, it is expected that you will all keep abreast of contemporary business activity. Students are strongly advised to read (on-line or in hard copy) both The Economist and the business sections of a quality broadsheet newspaper throughout the module. The lecturers will also provide links to a number of UK and international websites providing both quantitative and qualitative analysis on issues related to Entrepreneurship.
Reading list:
Core reading:
Suna Lowe Nielson et al, Entrepreneurship in Theory and Practice, Second Edition, Edward Elgar Publishing, 2017
Additional reading:
Blank S., and Dorf B. (2012) The Startup Owner's Manual: The Step-By-Step Guide for Building a Great Company.
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | None |
| Module co-requisites | None |
| NQF level (module) | 7 |
| Available as distance learning? | No |
| Origin date | 01/09/2007 |
| Last revision date | 01/09/2020 |
