Being An Entrepreneur: New Venture Creation
| Module title | Being An Entrepreneur: New Venture Creation |
|---|---|
| Module code | MBAM849 |
| Academic year | 2023/4 |
| Credits | 10 |
| Module staff | Dr William Casely (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 5 days |
| Number students taking module (anticipated) | 20 |
|---|
Module description
This module aims to explore the concepts of entrepreneurship related to new enterprise formation. The new enterprise may be in the form of a business start-up or within an existing organisation. The module centres on the development of individual ideas by you and applying them to the entrepreneurial process in order to create a tangible new venture. The module will give you an insight into the processes and systems important in business model generation (from idea creation through to implementation), and into improving the probability of success. The module will also give you a pragmatic insight into the processes required to conceive, research, write and pitch a credible plan in order to gain the necessary resources to launch a new enterprise.
Internationalisation: The module focuses on principles and process elements which are transferable internationally, although non-UK students will also gain insight into the challenges facing UK start-ups. You will be able to develop a business plan for an overseas market if desired
External Engagement: Workshops will include significant input from entrepreneurs and small business specialists.
Employability: You will be able to assess whether or not the entrepreneurial route is an appropriate career choice and, if it is, to embark with greater confidence on the process of converting an idea into commercial or social reality.
Sustainability: As part of The Exeter MBA, the module assumes the creation of businesses which support a resource-constrained world, and you will also have the option of working on a social enterprise if desired.
Ethics and Corporate Responsibility: This module will examine the role of ethics as part of new venture creation.
Research in Teaching: This module will draw on research articles in the first instance; use the module leader’s research expertise in the areas of discussion; and engage you in independent research to compare pragmatic experience with academic theory
Module aims - intentions of the module
By the end of this module you should have a critical understanding of the entrepreneurial process, and the requirements for the launch and development of a successful new venture in the form of a start-up or a new venture within an existing organisation. This module provides an ideal opportunity to develop, refine and test a new venture idea of your choice, and complete the business model design process ready for launch.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. explain the challenges of creating a new business or venture model (from idea creation through to implementation);
- 2. evaluate what makes for a good opportunity in new venture creation;
- 3. balance the perspectives and interests of those parties who might finance a new enterprise;
- 4. apply entrepreneurial theory to solve real-life problems.
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 5. explain the nature of the components of the entrepreneurial process;
- 6. reflect on role of the entrepreneur in new venture creation;
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 7. take a critical, global outlook: apply creative intelligence and ethical imagination to complex problems to ensure that environmental and social governance is taken into account;
- 8. develop an ethical perspective: improve personal effectiveness through consciously and diligently making decisions on behalf of all stakeholders, environmental, social and financial
Syllabus plan
Module introduction; starting small ventures and the entrepreneurial process overview:
- The role of the entrepreneur in entrepreneurship.
- Opportunity recognition: existence, recognition and exploitation.
- Assessment of opportunities.
- Resources and entrepreneurship.
- New venture model generation.
- New enterprise planning.
- What makes a great enterprise plan?
- Venture success: pre-start up factors and post start-up factors.
- Intellectual property.
- Sources of finance: debt finance and equity finance; aligning resources, customers and opportunity; creating high impact enterprises.
- Social enterprise: the development of enterprises underpinned by social equity and sustainability How to pitch a new enterprise idea
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 29 | 71 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning & Teaching activities | 5 | Lectures, Seminars |
| Scheduled Learning & Teaching activities | 24 | Experiential learning workshops |
| Guided Independent Study | 71 | Reading, research, writing |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Reflective Presentations (Groups) | 10 minutes | 2,3 | oral feedback |
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 |
|---|---|---|---|---|
| Individual Business Plan | 75 | 2,500 words | 1-8 | Written feedback |
| Individual Dragons Den style Presentation | 25 | 20 minutes | 2-4, 7 | Written feedback |
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 |
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 |
|---|---|---|---|
| Individual Business Plan (75%) | Individual assignment (2,500 words, 75%) | 1-8 | 6 weeks after briefing |
| Individual Dragons Den style Presentation (25%) | Individual Big Pitch (in person or by Zoom) (20 minutes, 25%) | 2-4, 7 | 6 weeks after briefing |
Re-assessment notes
The above reassessment is applicable for those students who fail the module, If students are granted a deferral for a component, reassessment will be in that component alone.
Indicative learning resources - Basic reading
- Sarasvathy S., Dew N., and Witbank R., Ohlsson A-V. (2011) Effectual Entrepreneurship, Routledge.
- Blank S., and Dorf B. (2012) The Startup Owner's Manual: The Step-By-Step Guide for Building a Great Company.
- Bygrave, W and Zacharakis, A (2014) Entrepreneurship (3rd ed.) John Wiley & Sons. ISBN 978-1-118-58289-3.
- Burns, P (2013) Corporate Entrepreneurship (3rd Ed), Palgrave. ISBN 978-0-230-304034-1
Web-based and electronic resources:
- ELE – Faculty to provide hyperlink to appropriate pages
| Credit value | 10 |
|---|---|
| Module ECTS | 5 |
| NQF level (module) | 7 |
| Available as distance learning? | No |
| Origin date | 16/08/2023 |
