ELE 3733 Starting a venture

ELE 3733 Starting a venture

Course code: 
ELE 3733
Department: 
Strategy and Entrepreneurship
Credits: 
7.5
Course coordinator: 
Tor Haugnes
Product category: 
Bachelor
Portfolio: 
Bachelor - Electives
Semester: 
2019 Spring
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The course covers how to start up a new business in practice. Students receive training in developing ideas, commercialization and setting up a business. The students will during the course initiate, operate and eventually close down their business, either as "Student business" or as an ordinary company. The course follows the framework of Young Entrepreneurs and it is expected high participation in lectures and working outward. It's earnings requirements for student companies is undertaken in consultation with the class.

Learning outcomes - Knowledge

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

  • From a business idea to registration, start up and ordinary business operation
  • A company's operative functions and control systems
  • Challenges related to start up, resources and time
  • Possibilities and challenges regarding marketing and sales to corporate and retail markets
  • Use of networking in practise
Learning outcomes - Skills
  • Ability to operate/implement a business plan
  • Experience with collaboration to reach a company's goals
  • Design, manage and reflect on the process of organizing a company
  • Reflect on achievements (sales requirements)
Learning Outcome - Reflection

The student shall through participation achieve experience with real choices related to idea, commercialization, registration and operation of a business. And capacity for critical reflection on ethical and economic consequences related to how the process from idea to operation is functioning.

Course content
  • The idea of the start-up and the entrepreneur's resource base
  • Entrepreneurship theory
  • Company organization and governance
  • Networks and alliances
  • Product/services
  • Marketing, sales and distribution
  • Finance and budget
  • Business plan and pitching
  • Exit or further growth?
Learning process and requirements to students

The course is based on classroom lectures. Activ class participation and sharing is expected. Attendance will be registered in each class. 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. 

The students shall in groups present the business ideas and exercise presentation techniques and sales in class. It is recommended participation in the national student enterprise on county level qualifying for the national competition arranged by UE. 

 

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification

Required prerequisite knowledge

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

Exam categoryWeightInvigilationDurationGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
ELE37332
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
60No1 Semester(s)Group/Individual ( 1 - 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:
Presentation
Exam code:
ELE37333
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination when next scheduled course
40No30 Minute(s)Group/Individual ( 1 - 5)Oral presentation of business plan and concept, questions from the sensor to the candidates. Students will obtain an individual grade in the oral exam. 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: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:ELE37332
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam category:Activity
Form of assessment:Presentation
Weight:40
Invigilation:No
Grouping (size):Group/Individual (1-5)
Duration:30 Minute(s)
Comment:Oral presentation of business plan and concept, questions from the sensor to the candidates. Students will obtain an individual grade in the oral exam. Both written and oral exam must be passed to obtain final grade in the course.
Exam code:ELE37333
Grading scale:ECTS
Resit:Examination when next scheduled course
Exam organisation: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching on Campus
36 Hour(s)
Lectures and seminars
Student's own work with learning resources
82 Hour(s)
Work on course literature/written assignments
Group work / Assignments
82 Hour(s)
Work on 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.