ENT 3501 Organizing new ventures

APPLIES TO ACADEMIC YEAR 2013/2014

ENT 3501 Organizing new ventures


Responsible for the course
Benedicte Brøgger

Department
Department of Innovation and Economic Organisation

Term
According to study plan

ECTS Credits
7,5

Language of instruction
Norwegian

Introduction
In this course we will study 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 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

  • 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
  • e-business

Acquired 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

Reflection
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. Further the student should develop a capacity for critical reflection on how to allow for environmental, personal, and other interests in the organizing of new ventures.

Prerequisites
ENT3400 Introduction to Entrepreneurship or equivalent experience with development of a business planl

Compulsory reading
Books:
Byrd, Mary Jane, Leon C. Megginson. 2013. Small business management : an entrepreneur's guidebook. 7th ed. McGraw-Hil
Penrose, Edith. 2009. The theory of the growth of the firm. 4th ed. Oxford University Press. Kap.II og III (ca. 30 sider)

Articles:
Conway, S. and O. Jones. 2012. Networking and the small business. I: Carter, S. and Dylan Jones-Evans (eds.), Enterprise and small business : principles, practice and policy. 3rd ed. Pearson. Side 338-361
Wickham, Philip A.. 2006. Strategic entrepreneurship. 4th ed. FT Prentice Hall. Kap. 12. Resources in the entreprenerial venture. Kap. 13 The entrepreneurial venture and the entrepreneurial organisation. side 255-292 (repetisjon fra 1.år)

Recommended reading
Books:
Wickham, Philip A.. 2006. Strategic entrepreneurship. 4th ed. FT Prentice Hall. Kap. 10. The entrepreneurial process. Kap. 11 The nature of business opportunity. Side. 219-254 (repetisjon fra 1. år)

Course outline
  • Planning and modelling a new firm, the entrepreneur's r
  • Purpose and use of business plans
  • Organizing a management structure 1: regulations, roles, responsibilities
  • Organizing a management structure 2: decision-making and information processes.
  • Ownership form, registration, business strategy
  • Product/servicedesign, protection
  • Marketing, sales and distribution
  • Financing, bootstrapping
  • Buildings, machinery, equipment
  • E-business
  • Networks and alliances
  • Exit og avvikling

Computer-based tools
No specified computer-based tools are required.

Learning process and workload
The course is based on classroom lectures and active participation is expected. 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 drawing on enterprise-related issues during the semester. 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.

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

The electronic folder will consist of the following submissions:
  • issue notes linked to a challenge by the company (5 pages)
  • essay related to the curriculum (5 pages)
  • essay with a reflection on the learning of their own business creation (3-5 pages)
  • written confirmation from the establishment of student company, or self-employment
  • written confirmation of termination, or continuation without supervision

In addition to the portfolio, students are evaluated on oral presentations / pitch.


Recommended use of hours:
Activities
Use of hours
Lectures
24
Work with course literature
36
Wrritten assignmenets
40
Its' Learning exercises and quizzes
12
Work with own enterprise
96
Total recommended use of hours
200


    Examination
    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)
    ENT 35011 - Process evaluation. Accounts for 100% of the final grade in the course ENT 3501 Organizing new ventures, 7.5 ECTS.

    Examination support materials
    All support materials are allowed.
    Exam aids at written examinations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids

    Re-sit examination
    A re-sit exam is offered at next scheduled course.. For a re-sit exam, all components of the exam have to be taken in their entirety.

    Additional information

    Semester

    Oversettelser