ENT 3501 Starting a venture I

ENT 3501 Starting a venture I

Course code: 
ENT 3501
Department: 
Strategy and Entrepreneurship
Credits: 
7.5
Course coordinator: 
Tor Haugnes
Product category: 
Bachelor
Portfolio: 
Bachelor of Entrepreneurship - Programme Courses
Semester: 
2020 Spring
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

This is a practical course where students receive training in developing ideas, commercialization and setting up a business. The students will during the course initiate, conduct and possible start up their own business, either as "Student Corporation" or as an ordinary company. The course follows the framework of Ungt Entreprenørskap and the expected participation in the hours and work beyond lectures. There are earning requirements for student corp. in consultation with the class.

Learning outcomes - Knowledge

During the course, the student should acquire general knowledge about:

  • The steps from business idea to registration, start up and operations
  • The control systems and operative functions of a company
  • Challenges connected to start up, resources and time
  • Possibilities and challenges for marketing and sales to the corporate and individual market
  • Networking
Learning outcomes - Skills
  • Ability to operationalize a business plan
  • Experience with collaboration to reach a company's goals
  • Design, manage and reflect on the process of organizing a company
  • Reflect about gaining goals (demand for sales/turnover)
General Competence

The student should through participation achieve experiences with real choices connected to idea, commercialism, registration and operation of a company. An the capacity for critical reflection on ethical and economic consequences related to the way firms and industries are organized from idea to operation.

Course content
  • The business idea and the entrepreneur's resources
  • Entrepreneurship theory
  • Choice of business platform, registration
  • Company organization and governance
  • Networks and alliances
  • Product/services
  • Marketing, sales and distribution
  • Financing and budgeting
  • Business plan and pitching
  • Exit or future growth
Teaching and learning activities

The course is based on classroom lectures and active participationin class is expected. Attendance will be registered. The students shall participate in a business start-up, either through a Student company-format of Ungt Entreprenørskap, UE, (Junior Achievement - Young Enterprise Norway) or a company in which the student has active ownership. The students shall give 1 curriculum-relevant presentation of the business idea and a pitch, and exercise in class presentation techniques and sales. All enterprises are invited to participate in the regional student enterprise competition. The UE-student enterprises have the opportunity to qualify for the national competition. 

 

Software tools
No specified computer-based tools are required.
Additional information

A re-sit exam is held in connection with the next ordinary examination in the course.

Qualifications

Higher Education Entrance Qualification.

Required prerequisite knowledge

Recomended ENT 3400 Introduction to Entrepreneurship or equivalent experience with development of a business plan.

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
ENT35012
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
60No1 Semester(s)Group/Individual (1 - 5)Hand-in in groups up to 5 The written submission must contain: -a business plan (12 pages) -a confirmation of company registration (1 page) -a status statement for further operation or settlement (1 page) -an economic status statement (turnover requirement stipulated at the start of the course), possibly interview by one of the groups that has reached the requirement and reflections (2 pages) Both written and oral exam must be passed to obtain final grade in the course.
Exam category:
Activity
Form of assessment:
Oral examination
Exam code:
ENT35013
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
40No30 Minute(s)Group/Individual (1 - 5)Oral examination will take place after submission. During the oral exam, the business plan and concept must be presented by the candidates, and there will be questions from the examiners. Both written and oral exam must be passed to obtain final grade in the course.
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:60
Invigilation:No
Grouping (size):Group/Individual (1-5)
Duration:1 Semester(s)
Comment:Hand-in in groups up to 5 The written submission must contain: -a business plan (12 pages) -a confirmation of company registration (1 page) -a status statement for further operation or settlement (1 page) -an economic status statement (turnover requirement stipulated at the start of the course), possibly interview by one of the groups that has reached the requirement and reflections (2 pages) Both written and oral exam must be passed to obtain final grade in the course.
Exam code:ENT35012
Grading scale:ECTS
Resit:Examination every semester
Exam category:Activity
Form of assessment:Oral examination
Weight:40
Invigilation:No
Grouping (size):Group/Individual (1-5)
Duration:30 Minute(s)
Comment:Oral examination will take place after submission. During the oral exam, the business plan and concept must be presented by the candidates, and there will be questions from the examiners. Both written and oral exam must be passed to obtain final grade in the course.
Exam code:ENT35013
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching on Campus
36 Hour(s)
Student's own work with learning resources
82 Hour(s)
Group work / Assignments
82 Hour(s)
Work with own enterprise
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.