ENT4300 Entrepreneurship 2: Strategic business development for entrepreneurs  Emneplan

This course is a continuation of Research Theory and Method 1 and has a particular focus on methods relevant to the aesthetic disciplines. The course emphasises the student analysing, assessing and using theoretical and practical elements in a research, art and/or design process. The course involves choosing the focus of the master's degree project and developing the research question, as well as starting the development of a research design, which is continued in the subject Project Development and Research Design in the third semester.

None.

After completing the course, the student should have the following overall learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge

The student has

• broad knowledge of the foundations of strategy and strategic perspectives
• specialized knowledge of all aspects of the strategy process of getting new ideas to the market including the formulation, implementation, management and change of strategies
• in-depth knowledge of essential business development perspectives needed in an early phase
• in-depth knowledge of go-to-market strategies for early-stage companies and strategies for achieving market adoption
• specialized knowledge about how different business models can create value
• a high degree of knowledge about the importance of financial planning, funding possibilities and what the different investment stages look like
• advanced of knowledge about the importance of different resources needed to succeed in entrepreneurship
• specialized knowledge about how to best create and work together in newly formed teams
• in-depth knowledge about what elements and resources are needed to launch, plan and grow a venture or project
• advanced knowledge of one or more central research issues related to entrepreneurship, commercialization, team, teamwork, and leadership

Skills

The student is capable of

• selecting and applying relevant strategic management tools
• applying different frameworks and templates to map and develop a business model
• developing an investment budget, operating budget, liquidity budget and balance budget
• assessing what type of financing is relevant for different ventures/projects in different phases
• identifying and analyzing resources needed to succeed with a venture or entrepreneurial project
• working efficiently together with others in cross-disciplinary teams
• mastering how to write a business plan that communicates value creation

General competence

The student can

• integrate knowledge and expertise from different contexts for decision making in companies and organizations as well as for identifying, analyzing and solving problems related to entrepreneurship and business development
• utilize theoretical concepts and frameworks and tailor them to their own venture or project
• explain how to best develop businesses when dealing with a high degree of uncertainty
• identify available sources of knowledge, utilize existing knowledge, combine it with new knowledge and apply this knowledge for value creation purposes
• communicate and collaborate with diverse team members and understand the value of being flexible and agile
• critically reflect on their own decisions and confirmation bias related to gathered data
• critically reflect on the multileveled aspects involved when creating sustainable value that can solve challenges in society

Teaching methods vary between lectures and various student-active learning methods. Students must actively participate in teaching and group work in addition to the scheduled teaching sessions.  The master’s programme is based on individual study with participation in groups, lectures and thematic workshops. Emphasis is placed on both theoretical and practical work as forms of study. During the course, the student shall have a particular focus on working actively with a selection of research methods that may be relevant for their future master's thesis.

Teaching is in English when this course is included in the international semester.

The following coursework is compulsory and must be approved before the student can take the exam:

· Minimum 80% attendance at compulsory teaching activities and seminars

The exam in the course consists of two parts:

1) Individual essay (40 per cent of final grade):

The individual essay consists of a written essay discussing student's reflection regarding the group's strategic management issues with a scope of four to six pages. Each student is free to decide which topic to focus on, among the range of subjects studied during this course. The essay should include:

• individual reflections regarding the dynamics of collaboration and relationships in the group related to the development process to discuss and define management issue
• individual reflections regarding the student's role in the group
• individual reflections about the chosen strategic management definitions for the firm

Font and font size: Arial or Calibri, 12 points. Line spacing: 1.5.

2) Term paper (60 per cent of final grade):

The term paper is written in groups and must have a scope of 10-14 pages. The term paper assignment entails submission of a complete business plan for the project identified in the previous course, ‘Søking etter verdiskapende ideer’. The term papers are group assignments involving the groups that have collectively worked on developing the value creation project throughout the semester. Font and font size: Arial or Calibri, 12 points. Line spacing: 1.5.

Both exams must be passed in order to pass the course.

If a student has to resit the exam, the student can retake each part separately. It is not necessary to take both parts.

Students awarded a fail grade are given one opportunity to submit an improved version of the term paper and the portfolio for assessment.

All aids are permitted.

Pass/fail.

To internal sensors. External sensor is used regularly.