Learning Outcomes |
On successful completion of this module the learner will be able to: |
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Learning Outcome Description |
LO1 |
Evaluate the issues and processes involved in the successful creation of a new enterprise and to develop an appreciation of entrepreneurial characteristics and psychology (mindset). |
LO2 |
Assess via opportunity analysis the potential commercial possibilities of ideas, brands, products and services. |
LO3 |
Develop and evaluate the commercialisation strategy for a new ‘start up’ through the lens of contemporary validation tools such as the business model canvas (lean canvas) and value proposition canvas. |
LO4 |
Critique the challenges that entrepreneurs face in the modern climate including the risks (financial and otherwise) inherent in pursuing the entrepreneurial journey. |
LO5 |
Discuss and argue the key entrepreneurial competencies in skills such as communication, testing, analysis and business acumen necessary for enabling a successful entrepreneurial venture. |
Indicative Content |
What is an entrepreneur?
• Definitions
• The evolution of entrepreneurship
• Motivation of entrepreneurs
• The importance of ethics
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What is an enterprise?
• Why companies exist
• How enterprises grow
• Types of enterprise creation
• How to use a PESTLE analysis
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Entrepreneurial Mindset
• Entrepreneurial Leadership
• The trait approach
• The behavioural approach
• The charismatic approach
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Entrepreneurial Skills
• Skills of effective leaders and entrepreneurs
• Power dynamics
• Classification of skills and traits
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Opportunity Analysis
• Where do great ideas come from?
• Ideation techniques
• Where do opportunities come from?
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Frameworks to Capitalise on Opportunities
• Business Model Canvas
• Lean Canvas
• Value Proposition Canvas
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Key Challenges in Entrepreneurship
• Risk dynamics in entrepreneurship
• Creativity and creative challenges
• Sparking innovation
• What innovation is and what it isn’t
• The process of disruption.
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Recommended Book Resources |
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Kuratko, D.F.. (2019), Entrepreneurship: Theory, Process, Practice, 11th Ed.. South-Western College Publishing..
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Supplementary Book Resources |
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Osterwalder, A.. (2010), Business Model Generation: A Handbook for Visionaries, Game Changers and Challengers,, 1st Ed. Wiley.
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Osterwalder, A.. (2014), Value Proposition Design: How to Create Products and Services Customers Want,, 1st Ed. Wiley.
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Bland, D.J and Osterwalder A.. (2019), Testing Business Ideas: A Field Guide for Rapid Experimentation,, 1st Ed. Wiley.
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This module does not have any article/paper resources |
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This module does not have any other resources |
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