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2016/2017  KAN-CCMVV3056U  Entrepreneurship and Fundamentals of New Venture Creation

English Title
Entrepreneurship and Fundamentals of New Venture Creation

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Quarter
Start time of the course Autumn, First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Jing Chen - Department of Innovation and Organizational Economics (INO)
Kontaktinformation: https:/​/​e-campus.dk/​studium/​kontakt eller Contact information: https:/​/​e-campus.dk/​studium/​kontakt
Main academic disciplines
  • Innovation
Last updated on 21-09-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: After completing the course, students are expected to achieve the following goals:
  • Acquire a basic understanding of entrepreneurship as an occupational choice
  • Articulate the fundamental components and challenges involved in the process of starting and managing a startup, including startup financing, startup innovation, and entrepreneurial management
  • Generalize this process to an entrepreneurial mindset of turning problems into opportunities that can be used in established companies and other settings
  • Develop knowledge necessary to apply an entrepreneurial mindset to their personal and professional lives
Course prerequisites
Basic knowledge of microeconomics and statistics
Entrepreneurship and Fundamentals of New Venture Creation:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn
Aids allowed to bring to the exam Limited aids, see the list below:
  • Written sit-in-exam on CBS' computers
  • Notes in paper format brought by the examinee
  • Access to personal drive (S-drive) on CBS' network
  • USB key to upload your notes before the exam
  • Access to all information on CBSLearn
  • Books and compendia brought by the examinee
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Description of the exam procedure

PC exam on CBS computers with e-hand in.
It is not allowed to bring your own PC and printer.
No access to the internet.
Access to LEARN and personal S:/drive.
Before the exam starts information can also be uploaded from a USB-key to PC, then the USB-Key should be put away during exam.

The exam is PC-based without access to internet. The exam will consist of 3 or 4 essay questions. Students must answer all the questions. Allowed exam aids include only course material (e.g. lecture notes, readings, and cases). The use of any outside analysis or unreferenced sources is not permitted.

Course content and structure

The course is organized around a selective set of start-up and growth issues faced by nascent entrepreneurs. The topics to be addressed include:

  1. Choosing a Career As an Entrepreneur: Startup Life
  2. Turning a Business Idea into an Opportunity: Business Opportunity Assessment
  3. Acquiring and Leveraging Financial Resources: Overview of Financing Opportunities
  4. Choosing Co-founders: Founding Team Dilemma
  5. Hiring Early Employees: The Right Hires at the Right Time
  6. Evolving a New Business: Challenges in Managing and Growing a Venture

This course is organized by the six topics described above. There are two sessions under each topic. The first session is primarily an instructor lecture on related theories drawn from economic and sociological perspectives. The materials used for the theory session are mainly based on the text and required readings. The second part is planned for the case discussions. A typical class for the second part begins with a brief review of the theories presented in the previous class. We will then introduce a case selected for the topic. One or more class members will be asked to start the case by giving an overview of the business situation described in the case. We will then spend the rest of the session on discussing the general and specific questions in the case, and also conduct some formal analysis of the case. Students will be asked to apply the theories acquired from the first session to analyzing business situations described in the case and the individual protagonist’s course of action. At the end of the session, we will try to build a complete analysis of the case within a theoretical framework, summarize the key takeaways and determine the extent to which insights generated from the case can be applied to other business situations.

This course will be of particular interest to master students who are interested in entrepreneurship, management consulting, and corporate/entrepreneurial finance. The materials covered are intended to be accessible and comprehensible to all master students across different programs at CBS.

Class sessions will consist of lectures, case discussions and group presentations. In the first part of each class, I will provide a theoretical framework for thinking about today's topic, based on textbook chapters and reading materials. The second part of the class is designed for case discussions, starting with student group presentations. Student groups are expected to read and analyze the case in advance, draw insights from their analyses and frame in-class discussion. This course will be most valuable (and enjoyable) if all students are engaged and participating in a productive manner.

Teaching methods
lectures, case discussion and group presentations combined
Student workload
Teaching 82 hours
Preparation 62 hours
Exam 62 hours
Last updated on 21-09-2016