English   Danish

2025/2026  KAN-CGMAI3032U  Innovation, Capital Allocation & Entrepreneurial Finance

English Title
Innovation, Capital Allocation & Entrepreneurial Finance

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
Min. participants 30
Max. participants 60
Study board
Study Board for Governance, Law, Accounting & Management Analytics
Programme Master of Science (MSc) in Economics and Business Administration - General Management and Analytics (GMA)
Course coordinator
  • Rama Seth - Department of Finance (FI)
Course Coordinator: Rama Seth
Instructor: Prashanth Boccasam

Please contact Rama Seth if you have any academic questions: rs.fi@cbs.dk
Main academic disciplines
  • Entrepreneurship
  • Finance
  • Strategy
Teaching methods
  • Blended learning
Last updated on 27-04-2026

Relevant links
Learning objectives
  • Analyze enterprise value creation across different firm lifecycles
  • Apply frameworks for capital allocation and performance evaluation
  • Evaluate trade-offs between growth, profitability, and risk
  • Understand governance structures and stakeholder incentives
  • Formulate and communicate structured strategic recommendations
Course prerequisites
Basic knowledge of strategy and finance is recommended.
Examination
Innovation, Capital Allocation & Entrepreneurial Finance:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
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, The exam assignment is written in parallel with the course. Submission: Monday in week 29.
Make-up exam/re-exam
Same examination form as the ordinary exam
1st retake: 72 hours home assignment, max. 10 pages. 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.
Course content, structure and pedagogical approach

This course examines how enterprise value is created, allocated, and governed across the lifecycle of firms—from early-stage ventures to global corporations—through the integrated perspectives of operators, investors, and boards.

The course takes an international view of value creation, reflecting differences in capital markets, governance models, and managerial decision-making across regions, including transatlantic contexts such as the United States and Europe.

Students will develop a structured understanding of how strategic and financial decisions translate into enterprise value. The course bridges corporate strategy and corporate finance by focusing on capital allocation, performance measurement, and governance mechanisms that shape long-term value creation.

Through a combination of conceptual frameworks and case-based discussions, students will analyze business models, evaluate growth and profitability trade-offs, and understand how different stakeholders influence decision-making. Emphasis is placed on linking operational choices to financial outcomes and articulating clear, evidence-based recommendations.

 

Course Content:
Module 1: Foundations of Enterprise Value
Module 2: Capital Allocation, Governance, and Decision-Making
Module 3: Scaling, Performance, and Value Realization
Research-based teaching
CBS’ programmes and teaching are research-based. The following types of research-based knowledge and research-like activities are included in this course:
Research-based knowledge
  • Classic and basic theory
  • New theory
Research-like activities
  • Analysis
  • Discussion, critical reflection, modelling
Description of the teaching methods
The course combines lectures (including self-paced), case discussions, interactive sessions.
Feedback during the teaching period
Class discussions with feedback.
Student workload
Pre-course Activity 20 hours
Teaching (Lectures) 30 hours
Preparation and exam 156 hours
Further Information

This is an intensive 3-week course that cannot be combined with any other course.

 

Pre-course Activity: The course coordinator uploads the pre-course activity 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 and grading.
Expected literature

Recommended Readings:
- Porter, M. E. – “What is Strategy?” (Harvard Business Review)
- McKinsey & Company – “Valuation: Measuring and Managing the Value of Companies”
- Jensen, M. – “Value Maximization and Corporate Governance”
- Kaplan, S. & Norton, D. – “The Balanced Scorecard”
- Selected Harvard Business School case studies on corporate strategy and value creation
- Selected practitioner articles on capital allocation and performance measurement
Last updated on 27-04-2026