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The main focus of this course is the independent entrepreneur as business founder. The course covers the nature of new business ventures, why many fail, family firms, and how new small businesses are financed. Case studies are used extensively and students must also produce their own business proposal and business plan. This course is highly recommended for those students interested in competing in the Entre $85K Challenge.
The main focus of this course is the independent entrepreneur as business founder. The course covers the nature of new business ventures, why many fail, family firms, and how new small businesses are financed. Case studies are used extensively in the course.Relationship to other coursesThis course forms part of the B.Com major in Strategy and Entrepreneurship, and the B.Com minor in Entrepreneurship. It is complemented by MGMT324 International Entrepreneurship and MGMT343 Social Entrepreneurship. MGMT223 Innovation Management is useful, but not essential, preparation for the course. Students with a passion for developing their own ventures should consider taking BSNS290 and/or participating in the Entré $85K Challenge.WorkloadAs a 15-point course, this course represents 150 hours of learning, of which the timetabled classes are but one component. Students will also need to complete the weekly course readings and quizzes, and apply their learning in the group case project as well as in the final exam.
The overarching learning goal for the course is to gain understanding and be able to act within the formation and running of new business ventures. Specifically:Know how to make sense of the entrepreneurial opportunity landscape;Understand how strategic and entrepreneurial thinking applies in new ventures;Be able to critically evaluate approaches to corporate entrepreneurship;Discuss the merits of different new venture pathways; Appreciate the role of different forms of new venture funding;Understand the components of new venture business plans;Evaluate the financial performance of new ventures;Discuss the factors leading to new venture growth and failure; Appreciate the complexity of running new ventures via role play.B.Com Graduate Attributes1.1.1. Students can demonstrate an understanding of theory, concepts, models or reasoning from their selected subject major to a problem/issue/context. The course develops theoretical and applied knowledge related to entrepreneurship and new ventures, and assesses this in the three venture case submissions. 2.1.1. Students can apply subject specific knowledge and tools to analyse, propose a solution to and/or address a given problem or issue. Innovative approaches and solutions are encouraged.The course involves analysing different aspects of a chosen (new) venture case using tools and theory from the course. Creative and innovative recommendations are inherent in the new venture context.2.1.4. Students can write a report/essay on a problem/issue/situation/scenario that incorporates content at an appropriate level of detail, is logically structured, and is presented professionally using correct English, referencing and appropriate resources.These skills are inherent in presenting the three ‘venture case’ assessments.
This course will provide students with an opportunity to develop the Graduate Attributes specified below:
Critically competent in a core academic discipline of their award
Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.
Employable, innovative and enterprising
Students will develop key skills and attributes sought by employers that can be used in a range of applications.
Engaged with the community
Students will have observed and understood a culture within a community by reflecting on their own performance and experiences within that community.
(1) ACCT102; and (2) Any 60 points at 200-level or above in Commerce or Science
MGMT 321
Paul Knott
Nadeera Ranabahu and Claire Bi
Each of the following three items of assessment are to be carried out individually, or in pairs if desired. Each student in a pair will receive the same mark. Full requirements and assessment criteria for each of the three Venture Case submissions are set out in separate documents posted on Learn.Students may carry out all three assessments on the same company, or may select two or three different businesses. They may opt to focus on a business proposal of their own, or analyse an existing start-up firm for which they have information access via crowdfunding listing or personal connection.Venture Case #1 (33% weighting)This submission will relate to the first section of the course, exploring the terrain in which new ventures operate and sources of opportunity. The written report is due at 4pm on Tuesday 14 August (at the beginning of the class), and in the submission box on Learn by the same deadline.Venture Case #2 (33% weighting)This submission will relate to the second section of the course, exploring the financing and formation of new ventures.The written report is due at 4pm on Tuesday 25 September (at the beginning of the class), and in the submission box on Learn by the same deadline.Venture Case #3 (34% weighting)This submission will relate to the third section of the course, exploring the process of running the business once started, and the opportunities and pitfalls of new venture growth and failure.The written report is due at 5pm on Friday 19 October (in the submission box labelled MGMT342 by Reception in Meremere (Business & Law) level 2), and in the submission box on Learn by the same deadline.Holding of Student WorkFor quality assurance purposes the School is required to hold on record a number of assessment pieces as examples of differing standards of work. If you have any objections to the school holding your assessment for this purpose then email the course coordinator to ensure your assignment is not used for this purpose.GradingThe course is graded using the standard University scale. Marks are not standardised. Grade cut-offs may be adjusted as part of the moderation process.
Frederick, Howard H. , Kuratko, Donald F., O'Connor, Allan; Entrepreneurship :theory, process, practice ; 4th edition; Cengage Learning Australia, 2016.
Additional materials will be posted on LEARN.
LEARN Coversheets - Group and Individual
Departmental Academic Policies The Department assumes that you have read this document.You should also read the General Course and Examination RegulationsDishonest PracticeThe University of Canterbury considers cheating and plagiarism to be serious acts of dishonesty. All assessed work must be your own individual work unless specifically stated otherwise in the assessment guidelines. Material quoted from any other source must be clearly acknowledged. You must not copy the work of another person (student or published work) in any assessment including examinations, tests and assignments. Any person, who is found to have copied someone else's work, or to have allowed their work to be copied, will receive a fail grade for that piece of assessment and may face disciplinary action which may lead to a fine, community service or exclusion from the university.IMPORTANT: Where there are concerns regarding the authorship of written course work, a student can be required to provide a formal, oral explanation of the content of their work.
Domestic fee $790.00
International fee $3,350.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Management, Marketing and Tourism .