English   Danish

2021/2022  KAN-CCMVI2117U  Entrepreneurship Theory and Concepts: The Maritime Ecosystem

English Title
Entrepreneurship Theory and Concepts: The Maritime Ecosystem

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Hannah Tucker - Department of Management, Politics and Philosophy (MPP)
For academic questions related to the course, please contact course responsible Hannah Tucker (ht.mpp@cbs.dk).
Main academic disciplines
  • Entrepreneurship
Teaching methods
  • Blended learning
Last updated on 01/12/2021

Relevant links

Learning objectives
After having completed the course the students should be able to:
  • Identify and describe historical and emerging challenges in the maritime sector
  • Correctly apply entrepreneurship theory and skills to varied scenarios based on the required readings and class activities
  • Explain the strengths and weaknesses of the entrepreneurship theories under examination
  • Analyze big challenges by isolating relevant information, identifying the relationship between that information and the problem, and analyzing the impact of potential solutions in accordance with the case study method
  • Describe how economic, environmental, and institutional settings impact entrepreneurial thinking and solutions
Course prerequisites
Completed Bachelor degree or equivalent
Entrepreneurship Theory and Concepts: The Maritime Ecosystem:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
General CBS rules
Assignment type Case based assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer and Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
The first and second retakes are 72-hour, maximum 10-pages home assignments.
Course content, structure and pedagogical approach

The course Entrepreneurship Theory and Concepts: The Maritime Ecosystem explores the role of entrepreneurial ventures and entrepreneurial thinking in the maritime sector. It introduces state-of-the-art entrepreneurship concepts, including, multiple value-approaches to entrepreneurship, the lean startup, and effectuation theory, and applies them to dilemmas and opportunities in the maritime industry. The course examines international shipping as a business ecosystem and an innovation ecosystem in which the maritime community and all actors within that community shape a firm’s ability to adapt to its environment and innovate. We focus specifically on business models related to the Danish, European, and international maritime economy and the values of sustainable entrepreneurship. Students will explore how entrepreneurial thinking can provide new ways to tackle born-global challenges, leverage ecosystems, and create a sustainable future. The course follows the entrepreneurial process from idea generation to the development and exploitation of entrepreneurial opportunities to growth strategies and eventually exits.

Description of the teaching methods
Class lectures will introduce students to key concepts in entrepreneurship and case discussions will encourage students to apply these theories to challenges in the maritime sector. Using the Harvard Business School case study method, students will engage with historical, present, and future problems in the maritime sector and beyond. Through case studies and experiential exercises, it gives students an opportunity to apply learned concepts the maritime industry. At the end of the course, students will be able to analyze different challenges in the maritime sector and deploy entrepreneurial approaches to solving those problems. Students will be able to evaluate the economic, social, and technological impact of their proposed solutions.
Feedback during the teaching period
Office hours.
Feedback on case discussions.
Exam feedback: expectation horizon, best practice answers, and frequent mistakes.
Student workload
Preliminary assignment 20 hours
Preparation 133 hours
Lecture hours 15 hours
Workshop/exercises 18 hours
Examination 20 hours
Further Information

Short 3 weeks course that cannot be combined with any other course.


Preliminary Assignment: The course coordinator uploads Preliminary Assignment on Canvas at the end of May. It is expected that students participate as it will be included in the final exam, but the assignment is without independent assessment&grading.


Course and exam timetable is/will be available on https://www.cbs.dk/en/study/international-summer-university/courses-and-exams


We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/en/study/international-summer-university/courses-and-exams in start March.

Expected literature
  • HBSP coursepack: Students will be able to acquire the required cases from the Harvard Business School site through the link shared during class/posted on Canvas. 
  • Bagley, C. E., & Dauchy, C. E. (2017). The Entrepreneur’s Guide to Law and Strategy (5th edition). Cengage Learning. 
  • Benton, L. A. (2010). “Sovereignty at Sea: Jurisdiction, Piracy, and the Origins of Ocean Regionalism.” In A Search for Sovereignty: Law and Geography in European Empires, 1400—1900 (pp. 104-152). Cambridge, UK: Cambridge University Press. 
  • Blank, S. (2013). Why the Lean Start-Up Changes Everything. Harvard Business Review. 
  • Dushnitsky, G., & Matusik, S. (2019).  A Fresh Look at Patterns and Assumptions in the Field of Entrepreneurship: What Can We Learn?. Strategic Entrepreneurship Journal 13(4), 437-47. 
  • Ekberg, E., Lange, E., & Nybø, A. (2015). Maritime entrepreneurs and policy-makers: A historical approach to contemporary economic globalization. Journal of Global History, 10(1), 171–193. 
  • Harlaftis, G. (2014). The Onassis Global Shipping Business, 1920s–1950s. Business History Review, 88(2), 241–271. 
  • Ihrig, M. & Macmillan, I. C.  (2017). How to Get Ecosystem Buy-In. Harvard Business Review 95(2), 102-07. 
  • Knight, G., Cavusgil, S. (2004). Innovation, Organizational Capabilities, and the Born-Global Firm. Journal of International Business Studies 35, 124–141. 
  • Parker, G. G., Van Alstyne, M. W., & Choudary, S. P. (2016). “Launch: Chicken or Egg? Eight Ways to Launch a Successful Platform.” In Platform Revolution: How Networked Markets are Transforming the Economy and How to Make them Work for You (pp. 79-105). New York: Norton. 
  • Sarasvathy, S., Kumar, K., York, J. G. & Bhagavatula, S. (2014). An Effectual Approach to International Entrepreneurship: Overlaps, Challenges, and Provocative Possibilities. Entrepreneurship Theory and Practice 38(1) 71-93. 
  • Schumpeter, J. A. (1976 [1943]). Capitalism, Socialism and Democracy. 5 ed. London: George Allen & Unwin Ltd.,. 
  • Slaper, T. F. and Hall, T. J. (2011). "The Triple Bottom Line: What Is It and How Does It Work?" Indiana Business Review 86(1), 4-8. 
  • Svendsen, A. S. (1981). The role of the entrepreneur in the shipping industry. Maritime Policy & Management, 8(3), 137–140.
Last updated on 01/12/2021