Entrepreneurship and New Venture Creation

Semester III, 2011

Starting 22 August, 2011

Prerequisites: Familiarity with basic business concepts such as accounting, finance and marketing.
Classes consist of a 70-minute session each on Mondays & Tuesdays as per schedule drawn up, following a Lecture cum Discussion approach which will be supplemented by Case Discussions in groups. The required text for the course is: Entrepreneurship by Hisrich, Robert D; Peters, Michael P; Shepherd, Dean A; Tata McGraw Hill; Sixth edition, 2007. The text will be available from the campus Library.

Additionally, the following represent valuable references and / or further reading, providing a wider presentation of some of the key ideas canvassed in this course. 1.M, Lall; Entrepreneurship, Excel books

2.Vasant Desai; Dynamics of Entrepreneurial Development and

Management, HPH 3.Mathew J Manimala; Entrepreneurship at the Crossroads, Biztantra 4.Mohanty; Fundamentals of Entrepreneurship, Prentice Hall India 5.Zimmerer & Scarborough; Essentials of entrepreneurship &

Small Business Management, Prentice Hall India

Other suggested readings may be identified through the semester.

LEARNING OUTCOMES The course aims to introduce the entrepreneurial sectors (and innovation in particular) as key drivers of economic development and present them as viable career options. Students will examine the role of entrepreneurship in a macroeconomic context, and aim to become familiar with the venture creation process including issues related to identification and development of opportunities, the entrepreneurs role in shaping the vision and strategy for the venture, the importance of developing effective organizational and social systems, and changes in the entrepreneurs role as the venture develops. Students will also be exposed to issues often seen as peripheral but arguably critical in the entrepreneurial context, in particular the role of socio-economic systems and perceptions in shaping emerging technologies, and the ethical / moral implications of business thinking. Upon completing this course, students are expected to have a solid understanding of the role of entrepreneurial activity in society and have a strong foundation for more specialized study in the field.

TEACHING AND LEARNING STRATEGY Students in this course are expected to take significant responsibility for the learning process and the course emphasizes class participation and group-work. In particular, a significant proportion of assessment is based on group assignments.

Some material in the course may be presented by guest lecturers.

COURSE ASSESSMENT Assessment is intended to demonstrate that the students have satisfied the key learning objectives of the course. Because students are expected to work in teams on the various assessment tasks, much of the final marks will reflect group performance.

TRAITS THAT WILL HELP YOU BIG TIME IN LIFE

You can win big in life by adopting an entrepreneurial mentality. It will allow you to overcome problems that other people find insurmountable, enabling you to detect hidden solutions and opportunities in difficult situations. What are the characteristics of the entrepreneurial mind?
1.
2. 3. 4. 5.

TOLERANCE
INDEPENDENT THINKING CONSISTENT AMBITION DETERMINATION A FEELING OF DISSATISFACTION