ENT 3679 Entrepreneurship in action
ENT 3679 Entrepreneurship in action
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.
Acquired Knowledge:
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.
- 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
After completed course students should be able to:
- Lead an interdisciplinary team when developing a business plan
- Gather critical information and on this foundation undertake a relevant analysis
- 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
The course includes lectures, guest lectures and studentparticipation related to real case and curricula.
Students must attend all lectures in the process of Pressure Tank and evaluation. Furthermore students must be prepared to do presentations in class.
Students are expected to have access to a PC and be able to use standard software, as well as BI’s own information systems (e.g. Itslearning).
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 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 examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course start.
At re-sit all exam components must, as a main rule, be retaken during next scheduled course.
Following elements is included in the continuous assessment:
- Written individually theoretical note (25%)
- Written business plan in groups of max 5 students (50%)
- Written and oral presentation in group (25%)
Resit is offered at the next scheduled course. The course is taught intensively at the beginning of the semester. Students taking resit, must register at the beginning of January, to join the "pressure tank" process.
Higher Education Entrance Qualification.
The course is based on knowledge students are expected to have acquired during the previous semesters. In particular, students must have acquired knowledge equivalent to
ENT 3501 Starting a venture, ENT 3502 Investment, valuation and exit strategies and
ENT 3503 Growth strategy for start-ups.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 25 Grouping: Individual Duration: 1 Semester(s) Comment: Individually theoretical note. Exam code: ENT36791 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Weight: 50 Grouping: Group/Individual (1 - 5) Duration: 1 Semester(s) Comment: Business plan in groups of max 5 students . Exam code: ENT36791 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Activity Form of assessment: Oral examination Weight: 25 Grouping: Group/Individual (1 - 5) Duration: 30 Minute(s) Comment: Written and oral presentation in group. Exam code: ENT36791 Grading scale: Point scale leading to ECTS letter grade Resit: All components must, as a main rule, be retaken during next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 10 Hour(s) | |
Student's own work with learning resources | 61 Hour(s) | Work with the syllabus and preparations for lectures |
Group work / Assignments | 29 Hour(s) | Prepare for presentation, for Kick off and "Pressure Tank" |
Submission(s) | 100 Hour(s) | Work in" Pressure Tank" |
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.