Entrepreneurship: New Venture Development
Entrepreneurship: New Venture Development: introduces both the theoretical and practical concepts of entrepreneurship and new firm formation. 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, physical 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.
You will have the opportunity to develop the ability to think globally and have an understanding of international cultures through working with team members from diverse cultures. Diverse teams make it possible to develop a business proposal engaging with international activities.
This module invites outstanding academic and successful entrepreneurs to bring their expertise and knowledge related to the entrepreneurship into the classroom..
You are encouraged to integrate sustainability-related issues into their group assignments. In the past this has been done through working with charities that support sustainability and using recycled resources for businesses.
This is partially practical course equipping you with business skills required to start a business
All of the resources for this module are available on the ELE (Exeter Learning Environment).
Full module specification
|Module title:||Entrepreneurship: New Venture Development|
|Duration of module:||
Duration (weeks) - term 2: |
- To introduce you to both theoretical and practical aspects of entrepreneurial process;
- 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.
ILO: Module-specific skills
- 1. appreciate the challenges of entrepreneurial actions
- 2. analyse in detail the components of a proposal for a new commercial enterprise
- 3. write a credible and informed business plan
- 4. explain the key elements and resource demands of the entrepreneurial process
- 5. describe and critically evaluate the alternative sources of business finance and their relevance to the business
- 6. explain the perspective/interests of those parties who might finance the new enterprise
- 7. engage with the Entrepreneurship and small business research literature
ILO: Discipline-specific skills
- 8. apply concepts learned in Management to the specific area of entrepreneurial young firms
- 9. integrate cross discipline learning in Management by its application to problems of small firms, e.g. using strategy, marketing, finance and accounting skills to develop a credible business idea
- 10. transform and idea or concept into a well-argued and supported business case
ILO: Personal and key skills
- 11. discuss whether or not an entrepreneurial route may be of future career interest
- 12. explore future career interests and opportunities within the structure of a module with strong practicable applications
- 13. work within a team structure
- 14. develop presentation skills
- 15. work under time pressure
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Contact hours||22||Lectures and tutorials- expected to be highly interactive, including:|
|Guided independent study||118||Including: writing individual essay; developing business idea and writing business|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Group business idea presentation||3 minute pitch presentation||1-2; 4-10; 13-15||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||1-16||Class discussion and debate. Individual meetings (if necessary)|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Business Idea Presentation (Groups of 5-7)||10||3 minute elevator pitch||1-2; 4-10; 13-15||Written feedback|
|Business Plan (Groups of 5-7)||40||20 pages maximum||1-1415||Written feedback|
|Individual Essay||50||2000 words||1-10||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|
|Essay||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?||1-10||August/September|
The module will cover the following topics;
- Various types of entrepreneurship/entrepreneurs
- Opportunity recognition and appraisal
- Business model and business plan
- Building the founding team
- Entrepreneurial strategy
- Sources of finance for start-ups Digital business models
- Policy perspectives
- Small firms and globalisation
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 Enterprise
Indicative basic reading list:
Richard Blundel &Nigel Lockett, Exploring entrepreneurship, perspectives and practices, Oxford University press 2011
Module has an active ELE page?
Last revision date