Module
Entrepreneurship: New Venture Creation
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).
Full module specification
| Module title: | Entrepreneurship: New Venture Creation |
|---|---|
| Module code: | BEMM394 |
| Module level: | M |
| Academic year: | 2023/4 |
| Module lecturers: |
|
| Module credit: | 15 |
| ECTS value: | 7.5 |
| Pre-requisites: | None |
| Co-requisites: | None |
| Duration of module: |
Duration (weeks) - term 1: 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. 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
- 5. apply concepts learned in Management to the specific area of entrepreneurial young firms
ILO: Personal and key skills
- 6. work effectively with others in a group context
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 25 | 125 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching | 20 | Lectures |
| Scheduled Learning and Teaching | 5 | Tutorials |
| Guided Independent Study | 125 | Including: preparation for tutorials and preparation and independent work on assessments |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Tutorial and case exercises and discussions | In class (during tutorials) | 1-6 | Class discussion feedback and individual meetings (if neccessary) |
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 | Poster presentation | 1 & 6 | Written Feedback |
| Individual business model canvas | 50 | 2000 words | 1,2,3,4 | Written Feedback |
| Individual digital report | 40 | 10 minute audio-video presentation | 3 & 5 | Written Feedback |
| 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 |
|---|---|---|---|
| Presentation (groups of 3-5) | Reflective essay on team-based entrepreneurship (500 words, 10%) | 1 & 6 | August/September reassessment period |
| Individual business model canvas | Individual business model canvas (50%) | 1,2,3,4 | August/September reassessment Period |
| Individual digital report | Individual digital report (40%) | 3 & 5 | August/September reassessment period |
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
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.
Module has an active ELE page?
Yes
Origin date
01/09/2007
Last revision date
03/08/2022