BUSI5C715: New Venture Creation

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• To develop students' understanding of entrepreneurship through the lenses of opportunity examination, new venture creation, and small business management, including contextual issues therein.
• To develop students' understanding of the requirements necessary to create new business ventures, and the challenges and approaches to sustainable growth.
• To understand differences among small business owners, managers, and their entrepreneurial teams.
• To look beyond upper echelon logic to think about entrepreneurship across the firm and not just by the small business or new venture owner.
• To address how best to manage customer and supplier relationships, finances, and operational issues in an ethical and responsible manner.
• To develop links with the Business School's research strategy by incorporating research into young and new venture entrepreneurship, supported by clear guidance on ethical, sustainable, and responsible business practices.

• Differences among new venture/small business owners and the need for entrepreneurial teams
• Entrepreneurial finance
• Sustaining entrepreneurship and managing growth strategies
• The policy environment
• Networking strategy
• Execution intelligence
• Exit strategies
• Contexts for new venture creation (e.g. the family, the corporation, the public sector)

Subject-specific Knowledge:

• Upon successful completion of the module the students will:
• have a critical appreciation of the complex and interactive processes and dimensions associated with new venture creation, growth, and survival;
• have a critical appreciation of how to successfully manage the new venture for launch, growth, and sustainability.

Subject-specific Skills:

• Upon successful completion of the module students will:
• be able to identify the critical characteristics associated with successful new venture creation, launch, growth, and exit;
• be able to diagnose and treat symptoms relating to new venture creation, launch, growth, and exit;
• be able to apply appropriate specialist knowledge and techniques to examine new venture creation as a process, the performance of the firm, and pathways to its growth;
• have a toolkit for managing the entrepreneurial firm.

Key Skills:

• Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy; interpersonal communication; teamworking.

• The learning outcomes will be met through a combination of lectures, seminars and groupwork (including group discussion of cases) together with individual exercises and guided reading.
• The assessment of the module is designed to test students understanding and critical appreciation of the key concepts and issues associated with entrepreneurial activities, and their ability to apply them through the development and critical evaluation of a business plan.

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