MBA 2417 Intra/Entrepreneurship and New Wealth Creation
MBA 2417 Intra/Entrepreneurship and New Wealth Creation
New businesses and related new wealth are created from scratch (entrepreneurship) as well as within existing organizations (intrapreneruship).
Most existing companies face new value creation possibilities on the basis of existing resources and capabilities. These new business opportunities can be captured by aggressive, innovative and visionary managers and exploited for the benefit of the firm. Going from tested products and well-known business models into novel offerings and innovative monetization possibilities is just as demanding and creative as starting a venture from scratch.
On the other hand, emerging technological possibilities can be captured by new start-up firms, which if successful in the market do generate tremendous returns for their founders as well as benefits to the economy and society at large.
In this module you will learn about both; new ventures and intrapreneurial projects. You will do so from a theoretical and a practical perspective. The practical part will consist of you forming venture teams and either (a) start your own firm or (b) create your own intrapreneurial project within an existing firm, ideally a real project at the firm where you work.
This module is meant to complete the other two modules on entrepreneurship and idea works by offering an organizational approach and novel techniques to exploiting new business ideas in an existing type of business, as well as in a startup setting. This course will in-depth review cases in emerging market contexts, touching upon the interaction between culture, institutions and new value creation opportunity. Lastly, the module will offer a mix of theories on creative destruction, entrepreneurship and 'control for innovation' models with a focus on renewing existing business for growth and new wealth creation in a Chinese environment.
Students have knowledge of theories of creative destruction, entrepreneurship and 'control for innovation’.
Students also develop and understanding of behavioral science as it affects decision-making in relation to starting a venture, pursing high-growth scalable project at a firm and terminating a venture or project.
Furthermore, students will understand teamwork as a condition for starting or renewing existing business for growth and new wealth creation in a Chinese environment.
Students demonstrate the ability to work effectively in teams, working under pressure to deliver a project that will be evaluated in terms of its feasibility.
Students develop the ability to reflect on their team work and on the emergent affective and cognitive variables that are prerequisites for high-performance team results.
Students develop an understanding and sense for uncertainty undertaking and the related risk exposure as a pre-condition for innovative activities.
Students acquire a deep understanding and respect for the paradoxes, dilemmas and demands associated with new wealth creation.
The course will consist of a mixture of team work, lectures, and case discussions. Live examples and case studies will be used as an important vehicle for demonstrating the application of theory and models. However, the most important case will be your own venture or entrepreneurial project.
The following topics are covered:
- Your Team Intrapreneurial Project or Start-up Venture: Introduction to the Module
- Theory of Wealth Creation: From the Austrian School to Political Economy Configurations
- Praxis of Wealth Creation: Grounding Your Pivots
- Team Project, Venture: Presentation, Evaluation and Teamwork
The course is conducted as a teaching module, where students have classes all day for four days, for a total of 32 hours.
During the approximate 8 weeks between Day 1 and Day 2 the students are expected to work as teams with great energy (and hopefully excitement) on their own team ventures/projects.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component will be graded using points on a scale 0 -100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the course. Students who fail to participate in one/some/all exam components will get a lower grade or may fail the course. Candidates may be called in for an oral hearing as a verification/control of written assignments.
Specific information regarding the points system and the mapping scale beyond the information given in the course description will be provided in class. This information may be relevant for requirements for term papers or other hand-ins, and/or where class participation can be one of several elements of the overall evaluation.
The course is a part of a full MBA and examination in all courses in the MBA programme must be passed in order to obtain a certificate for the MBA degree.
Granted admission to the BI-Fudan MBA programme. Please consult our student regulations.
| Assessments |
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Exam category: Activity Form of assessment: Class participation Weight: 20 Grouping: Individual Comment: Class participation, counts 20% of the total grade. Exam code: MBA 24171 Grading scale: China Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Weight: 65 Grouping: Group (3 - 6) Duration: 2 Month(s) Comment: Team project and supporting materials, counts 65% of the total grade. Exam code: MBA 24171 Grading scale: China Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Activity Form of assessment: Presentation and discussion Weight: 15 Grouping: Group (3 - 6) Comment: Team assessment, counts 15% of the total grade. Exam code: MBA 24171 Grading scale: China Resit: All components must, as a main rule, be retaken during next scheduled course |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 4 ECTS credit corresponds to a workload of at least 110 hours.