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2020/2021  DIP-D1FMV2020U  Entrepreneurship

English Title

Course information

Language English
Course ECTS 5 ECTS
Type Elective
Level Graduate Diploma
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Min. participants 15
Max. participants 40
Study board
Study Board for Graduate Diploma in Business Administration
Course coordinator
  • Ali Mohammadi - Department of Strategy and Innovation (SI)
Main academic disciplines
  • Entrepreneurship
Teaching methods
  • Blended learning
Last updated on 05-03-2020

Relevant links

Learning objectives
  • Acquire an in-depth understanding of the entrepreneurial process and entrepreneurs´ traits and biases and apply it in real cases.
  • Account for how various steps of the entrepreneurial process interact and apply it in real cases.
  • Identify pros and cons of involving cofounders, employees, angel investors and venture capital firms in the startup and apply it in real cases.
  • Be able to define and explain the elements of an entrepreneurial strategy and discus how these are linked and apply it in real cases.
  • Compare different entrepreneurial strategies and assess their strengths and weaknesses in general and in real cases.
  • Understand and discuss the different financial resources and their implications on firm success.
  • How to conduct a basic financial valuation of a start-up firm and apply it in real cases.
  • Demonstrate the ability to make recommendations for firms bases on arguments that are sensible, logical and coherent arguments
Exam ECTS 5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer
Aids Limited aids, see the list below:
The student is allowed to bring
  • Non-programmable, financial calculators: HP10bll+ or Texas BA II Plus
  • Language dictionaries in paper format
The student will have access to
  • Advanced IT application package
Make-up exam/re-exam Oral Exam
Duration: 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time: No preparation
Examiner(s): If it is an internal examination, there will be a second internal examiner at the re-exam. If it is an external examination, there will be an external examiner.
Description of the exam procedure

Assignment content: Series of questions addressing selected topics discussed in class.

Course content, structure and pedagogical approach

This course introduces students to important challenges entrepreneurs face over the different stages of entrepreneurial firms life cycle. More specifically, this course addresses issues related to entrepreneurs’ cognitive biases (i.e., overconfidence, optimism, risk aversion), venture founding conditions (i.e., business opportunities assessment, when to found, building the founding team), corporate governance (i.e., ownership, control, board of directors, compensation), funding of entrepreneurial firms (private equity, venture capitals, debt, IPOs).


This course aims to make students aware about those challenges, develop alternatives and strategic decisions for their resolution and anticipate short-term and long-term consequences of the different ways to deal with them.


This course is intended for students involved in start-ups as founders, co-founders,

employees, investors or consultants


The course is divided into four parts:


Part 1 defines entrepreneurship, explores different entrepreneurial process frameworks, and examines entrepreneurs’ cognitive biases.


Part 2 focuses on several challenges entrepreneurs face at the early stage of their business. For instance, is it better to be a solo founder or to involve co-founders? How to define roles and split equity among co-founders and early hires?


Part 3 focuses on entrepreneurial strategy. For example on the principles of entrepreneurial strategy, entrepreneurs´ main strategic choices (costumers, technology, identity, and competition), different entrepreneurial strategy (IP, Value Chain, Architectural, and Disruption strategies).


Part 4 focuses on entrepreneurial finances. For example, how to finance growth? What types of investors should entrepreneurs attract at different phases of venture growth? What are the mechanisms entrepreneurs can use to secure control over their firm? How to perfom a basic valuation of startup firms?

Description of the teaching methods
Class sessions involve a mixture of lectures, case studies, class discussions, videos and guest speakers. Lectures are organized as interactive two-way communicative sessions in which students are invited to share their own experience and to critically contribute to the content of the course. It aims at coupling conceptual foundation with case based learning. Cases examined in the course cover entrepreneurs’ decisions throughout firm’s life cycle.

Students’ learning process is enriched though group classroom activities, self study and webbased learning exercises.
Feedback during the teaching period
Feedback will take place in class and during office hours if needed
Student workload
In class 30 hours
Exam and preparation 120 hours
Last updated on 05-03-2020