ELE 3733 Organizing new ventures


ELE 3733 Organizing new ventures

Responsible for the course
Tor Haugnes

Department of Innovation and Economic Organisation

According to study plan

ECTS Credits

Language of instruction

This course will deal with how new ventures are organized to do what the business concept describes. The course is based on resource- and network theory as an analytical framework. A review will be given of how to organize the functions of a new venture to solve the company's tasks. The management structure of the enterprise, as well as functions related to product/service-design, sales and marketing, and financing will be emphasized. Furthermore, the students will gain knowledge about network organization and alliances. The students will start, run, and if so chosen, wind up, their own companies during the course, either in the form of 'student companies' or regular companies.

Learning outcome
Acquired Knowledge
During the course, the student should acquire general knowledge about:

  • resource based entrepreneurship theory
  • business ideas and business plans
  • the operative functions of a company
  • the connections between strategy and operations
  • the connections between forms of ownership, product, market and financing, with special empasish on requirements and conditions in Norway
  • resource-based networking

Acquired Skills
  • ability to write, use and pitch a business plan
  • experience with registering a company
  • collaborative and networking skills to reach a company's goals
  • ability to design, manage and reflect on the process of organizing a company

The student should achieve capacity for critical and creative reflection on ethical and economic consequences related to the way firms and industries are organized, and how they may be organized differently to strengthen their contribution to different stakeholders. Furthermore the student should develop a capacity for critical reflection on how to allow for environmental, personal, and other interests in the organising of new ventures.

Knowledge of business plans is an advantage, but is not required

Compulsory reading
Read, Stuart ... [et al.]. 2011. Effectual entrepreneurship. Routledge

Recommended reading
Osterwalder, Alexander and Yves Pigneur. 2010. Business model generation : a handbook for visionaries, game changers, and challengers. Wiley. bok og app. Mer informasjon: www.businessmodelgeneration.com

Course outline
  • Creativity and generation of ideas
  • Purpose and use of business plans, making a plan
  • Organizing a management structure 1: regulations, roles, responsibilities
  • Organizing a management structure 2: decision-making and information processes.
  • Ownership form, registration, business strategy
  • Work on company tasks according to plan and responsibility
  • Pitching – content and presentation
  • Exit and close

Computer-based tools
No special data tools

Learning process and workload
The course is based on seminars and classroom lectures. Active participation is expected. The students must 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.There will be a possibility to qualify for participation in the national student enterprise arranged by UE.

The evaluation form of the course is through an individual electronic portfolio, which shows progress and reflection throughout the semester.

The portfolio mus consist of the following submissions:
  • business plan
  • essay on business creation / learning of their business establishment (5-8 pages)
  • written confirmation from the establishment of student company, or self-establshed business
  • written confirmation of termination, or continuation on its own.

In addition to the portfolio students will be evaluated orally on two corporate and curriculum related presentations (pitcher) during the semester.

Recommended use of hours:
Use of hours
Lectures and seminars
Work on course literature/written assignments
Work on own enterprise
Total recommended use of hours

    Final grade for the course is determined on the basis of a process in which the following items are included:

    Part 1 - Folder, accounts for 70% of the grade
    The portfolio is built up electronically during the semester. For the specification of content in the folder, see the section Learning process and workload. Accurate timing of portfolio assignments will be announced at course start. The works in the electronic folder on It's Learning must be printed in 3 copies and handed in for assessment of each student.

    Part 2 - Oral presentations (2), accounts for 30% of the grade.

    Both parts must be passed to achieve the final grade.

    Examination code(s)
    ELE 37331 - Process evaluation - ccounts for 100% of the final grade in the course ELE 3733 Organizing new ventures, 7.5 ECTS

    Examination support materials
    All support materials are allowed.
    Examination support materials at written examiniations are explained under examination information in the student portal @BI. Please note use of calculator and dictionary. https://at.bi.no/EN/Pages/Exa_Hjelpemidler-til-eksamen.aspx

    Re-sit examination
    A re-sit exam is held in connection with the next ordinary examination in the course. For a re-sit exam, all components of the exam have to be taken in their entirety.

    Additional information