Entrepreneurship

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Course Name: Advanced Entrepreneurship

Course Number: MNGT 4881, Advanced Entrepreneurship
Semester: Fall, 2012/13
Instructors: prof. Dr. Jaka Vadnjal and Makedonka Dimitrova, PhD c. Credits: 4 credit hours/ 8 ECTS
Contact hours: 60 hours
Learning hours: 190 hours

Required Text:
1. Barringer, Bruce R., and Ireland, R. Duane. Entrepreneurship: Successfully Launching New Ventures. Pearson Prentice-Hall, 2010

Additional Readings:
1. Farso, Richard and Ralph Keyes. Whoever Makes the Most Mistakes Wins. Free Press, 2003. 2. Klein, Maury. The Change Makers: From Carnegie to Gates, How the Great Entrepreneurs Transformed Ideas into Industries. Times Books, Holt & Co., NY, 2002 3. Krass, Peter (Editor). The Book of Entrepreneurs' Wisdom: Classic Writings by Legendary Entrepreneurs. John Wiley & Sons, 1999 4. Baron, R.A., Shane, S.A. (2007). Entrepreneurship. A process perspective. Thomson – South Western. Entrepreneurial opportunities: Their Origins, Forms, and Suitability for New Ventures 5. Antončič Boštjan, Hisrich D. Robert (2001): Intrapreneurship: construct refinement and cross-cultural validation. New York: Journal of Business Venturing, 16, pp. 495-527. 6. Christensen, C., Johnson, M. W., Rigby, D. 2002. Foundations for growth: How to identify and build disruptive new businesses. MIT Sloan Management Review, 43(3). 7. Drucker, P. (1985). Innovation and Entrepreneurship. Harper Business (abbreviated PD 1985). 8. Upton N., R. Heck (1996): The Family Business Dimension of Entrepreneurship, pp. 243-266 9. Shane, S., Venkataraman, S. (2000): The promise of entrepreneurship as a field of research. Academy of Management Review, 251: 217-227 10. Kodithuwakku, S.S., Rosa, P. (2002): The entrepreneurial process and economic success in a constrained environment. Journal of Business Venturing, 17: 431-465.

Course Description:
This course will give you a clear idea of the entrepreneurship culture and its start up cycles thru four entrepreneurial process modules i.e. - Developing Successful business ideas,
- Moving from idea to an entrepreneurial firm and
- Managing and growing an entrepreneurial firm.
The course should enable one prepare basic business plans for start ups as well as early stage plans for expansion of services and/or products in existing companies. The course offers interactive methods for assessing venture capital investments, interviews with successful entrepreneurial firms and complementary set of case studies that simulate real time situations. The course stimulates online search techniques and company/industry intelligence. The interactive approach enlightens the market opportunities and various industries maturity stage in order to bring to attention the gaps in the market. The financial projection tools and project development cycles are also in the focus of this course. Most of the contact hours will be conducted on the bases of case studies analyses and discussions.

Learning objectives:

- Understand main entrepreneurial process models;
- Learn the key components and characteristics of the Business Planning Process; - Learn how to benefit from business angels networks, venture capital funds, start up centers and business incubators;

- Familiarize with the strategies how to grow entrepreneurial firms; - Familiarize with the opportunities and possibilities for start up financing on the local market; - Identify the steps to develop and test prototype product or service; - Compare the local market opportunities for start ups as well as the opportunities offered on the regional EU and Regional markets.

Learning outcomes:

By the end of the course, the students should be able to:
- Be able to recognize and opportunity and generate ideas; - Perform Feasibility Analysis of a business idea;
- Perform Industry and Competitor Analysis;
- Develop conceptual thinking about...
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