| CODE | MGT2348 | ||||||||||||||||
| TITLE | Entrepreneurship, the Entrepreneurial Mindset and New Value Creation | ||||||||||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||||||||||
| MQF LEVEL | 5 | ||||||||||||||||
| ECTS CREDITS | 8 | ||||||||||||||||
| DEPARTMENT | Business and Enterprise Management | ||||||||||||||||
| DESCRIPTION | The main issues explored include: Entrepreneurs as unique individuals, entrepreneurial teams, innovation and creativity. Students will learn that entrepreneurship is a manageable process that can be applied in all organisational contexts. The prime focus will be on developing a way of thinking and application, the “entrepreneurial mindset,” the development of a series of transferable non-technical, soft but critically important soft skills. It is both project and group based involving identification and evaluation of a solutions to a real live problem and opportunities, planning and management of projects, learning to work in a team, understanding team dynamics, resolving team conflicts, self-confidence and bringing out the best in each other. The group project is the means to developing the entrepreneurial mind set as the key objective. The development of ideas, their marketability including research, strategy, planning, communication, prototypes and the formal presentation of such ideas are all key elements in the project and essential in the workplace today. Study-unit Aims: This unit aims to: • Provide a framework for understanding the entrepreneurial process; • Expose students to issues faced by an entrepreneur who ventures into a new business; • Prepare students for the role of the entrepreneur in society and the ethical dilemmas they might encounter; • Enable students to understand the role of the entrepreneur in the new venture creation process. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: • Define the multi-construct linkages between entrepreneurship and new venture creation; • Identify and develop ideas; • Recognize the value of a new business venture opportunity; • Establish the set of characteristics pertaining to successful entrepreneurs; • Explain how individuals and organisations manage risks in new business ventures. 2. Skills By the end of the study-unit the student will be able to: • Define the importance of key but critically important transferable soft skills; • Identify the various environmental factors external to the individual, which can influence the extent of entrepreneurship success in a new business venture; • Demonstrate critical assessment skills associated with the entrepreneurial process; • Explain the general approaches for exploiting opportunities; • Analyse as well as formulate suitable business models; • Critically assess the character and value of a new offering; • Construct and test questionnaires; • Develop and make effective presentations. Main Text/s and any supplementary readings: - Entrepreneurship: The Practice and Mindset (Heidi, M, Neck Christopher, P. Neck, Emma L. Murray November 2016). - Essentials of entrepreneurship: evidence and practice. Baron, R. A (Edward Elgar Publishing 2014). - The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. Concept 1 Edition (Ries, Eric (2011). - The Innovator’s Dilemma” by Clayton Christensen (John Wiley and Sons 2016). - Entrepreneurship. 10th ed., Hisrich, Robert D., Peters, Michael p., Shepherd, Dean A. (New York, NY: McGraw-Hill Education, 2017). - The Other ‘F’ Word: How Smart Leaders, Teams, and Entrepreneurs Put Failure to Work,” Mark Coopersmith & John Danner (Wiley, 2015). - McDonald M & Wilson HN (2016) Marketing Plans: How to prepare them, how to profit from them 8th Edition. |
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| ADDITIONAL NOTES | Offered only to Visiting students who come for both semesters. | ||||||||||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Louis Leo Naudi |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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