APPLIES TO ACADEMIC YEAR 2015/2016 Norwegian version

ENT 3679 Entrepreneurship in action

Responsible for the course
Heidi Wiig Aslesen, Nils-Otto Ørjasæter

Department
Department of Innovation and Economic Organisation

Term
According to study plan

ECTS Credits
7,5

Language of instruction
Norwegian

Introduction
Students on this course will develop a business plan, as well as a comprehensive understanding of how a business works. The course will include work on authentic cases. Students are encouraged to present their own business ideas, but this is not a precondition for participation. No guarantees can be given that student ideas will be incorporated as cases in coursework. Business ideas and business plans will be developed to the stage of final decision-making documents and possibly registering companies. Emphasis is placed on process work, presentations and discussions. Particular emphasis is placed on the need for interplay between a number of specialised areas in order to create the totality required when commercialising a business idea and establishing a business. Students are to transfer skills acquired in sessions on subjects such as accounts or marketing to developing a business idea. They will also build business models using Excel, for example scenarios of how a business changes operatively and financially as a result of implementing different strategic options.

Learning outcome
In this course the students will formulate a business plan and comprehend an overall business understanding. The course emphasizes the necessity of interaction between different fields of research in order to impel the whole commercialization of their business idea and establishment of a company.

Acquired Knowledge

• The students will understand the importance of a business plan
• The students will understand the process of developing a business plan
• The students will understand the overall process in the progress and commercialization of a business idea

• The students will lead an interdisciplinary team when developing a business plan
• The student will gather critical information and on this foundation undertake a relevant analysis
• The student will perform simulations of cash flow analysis and analysis of start-ups

• The student shall acquire a respectful attitude towards entrepreneurs and the challenges they meet in the start-up process.
• The students will develop a realistic attitude towards the challenges and opportunities within commercialization of a business idea and business plan
• The student will form a professional approach towards the entrepreneurial process

• Business plan
• Establishing a business
• Money stream flow models
• Physical units in a company from production to sales
• Managing and planning a business
• Presentation to the surrounding world