Entrepreneurship: New Venture Development

Module description

Summary:

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.

Additional Information:

Internationalisation

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.

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 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.

Employability

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
Module code:BEMM108
Module level:M
Academic year:2016/7
Module lecturers:
  • Dr Olga Kalinowska-Beszczynska - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

  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.  

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 ActivitiesGuided independent studyPlacement / study abroad
321180

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours22Lectures and tutorials- expected to be highly interactive, including:
10Tutorials
Guided independent study118Including: writing individual essay; developing business idea and writing business

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Group business idea presentation3 minute pitch presentation 1-2; 4-10; 13-15Class 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 tutorials1-16Class discussion and debate. Individual meetings (if necessary)

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
10000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Business Idea Presentation (Groups of 5-7)103 minute elevator pitch1-2; 4-10; 13-15Written feedback
Business Plan (Groups of 5-7)4020 pages maximum1-1415Written feedback
Individual Essay502000 words1-10Written feedback
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
EssayAn 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? 1-10August/September

Syllabus plan

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?

Yes

Origin date

01/09/2007

Last revision date

25/02/2015