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2025/2026  KAN-CSDEO1003U  Entrepreneurship Theory and Finance

English Title
Entrepreneurship Theory and Finance

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Markets & Innovation
Course coordinator
  • Mercedes Delgado - Department of Strategy and Innovation (SI)
Main academic disciplines
  • Entrepreneurship
  • Finance
  • Strategy
Teaching methods
  • Blended learning
Last updated on 02-07-2025

Relevant links

Learning objectives
  • Demonstrate clear, accurate and comprephensive understanding of the theories for topics covered in the course, and the ability to critically assess the strength and weakness of the theories.
  • Display the ability to apply theories to interpreting empirical evidence.
  • Articulate the relevance of the theories and their strategic implications for business practice in the context of innovative new firms.
  • Display the ability to apply theories to the analysis of business situations and the evaluation of possible solutions.
  • Demonstrate the ability to make recommendations for firms based on arguments that are sensible, logical and coherent arguments.
Course prerequisites
Students are expected to be present during the lessons.
Examination
Entrepreneurship Theory and Finance:
Exam ECTS 7,5
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance, see also the rules about examination forms in the programme regulations.
Individual or group exam Individual oral exam based on written group product
Number of people in the group 4-5
Size of written product Max. 15 pages
In addition to the text (max 15 pages), the written product will include an Appendix with figures and tables (max 10 additional pages).
Assignment type Essay
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.
20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

Group written assignment:

The team assignment is an essay where the students in the group will address the questions in the exam (apply topics of the course using a startup case).

Written product to be submitted within 72 hours.

Tne written product will contain the main text asnwering each exam question (max of 15 pages) and an Appendix with Figures and Tables (max of 10 additional pages)

 

Individual oral exam:

During the oral exam, individual students will be tested on their learning about the course, based on their submitted group assignment.

 

Retake exam scenarios :

  1. The student does not submit the group written assignment. The retake exam will consist of an individual written assignment for a new exam (max of 15 pages plus the Appendix) and an individual oral examination based on the written product.
  2. The student submits the group written assignment, but fails the ordinary exam. In this case, the group written assignment cannot be used. The retake exam will consist of an individual written assignment for a new exam (max of 15 pages plus the Appendix) and an individual oral examination based on the written product.
  3. The student submits the group written assignment, but does not show for the individual oral examination. In this case, the group written assignment cannot be used. The retake exam will consist of an individual written assignment for a new exam (max of 15 pages plus the Appendix) and an individual oral examination based on the written product.
  4. The student submits the group written assignment but cannot take the individual oral exam due to illness (and has a documented exemption letter). The student should submit the group written assignment (from the ordinary exam), and the individual oral examination will be based on the original group assignment.
Course content, structure and pedagogical approach

This course aims to provide students with a set of business economics and organizational principles that govern the process of new business creation. The first part of the course provides a general coverage of various aspects of entrepreneurship, including entrepreneurship as a career choice, discovery of opportunities, team formation, business development and strategy, location choices and engagement with the innovation ecosystem, performance and exit. The last part of the course places a special emphasis on entrepreneurial financing. The goal is to help students understand financing decisions in entrepreneurial settings. The topics included delve into issues such as financing sources, the incentives of each type of investor, the relative costs and benefits of each source of funding, and the connections between funding sources and entrepreneurs' strategy. 

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
  • Teacher’s own research
Research-like activities
  • Analysis
  • Discussion, critical reflection, modelling
Description of the teaching methods
This course is conducted based on a combination of article-based lectures, case discussions and guest lectures.
Feedback during the teaching period
Feedback is provided in multiple ways. First, the classes are interactive with in-class team exercises and Q&A time throughout each class. Second, there are support videos developed by the faculty to clarify entrepreneurship concepts and provide additional relevant content. Quiz provided at Canvas. Finally, there are consultation/office hours.
Student workload
Attending class 33 hours
Preparation 147 hours
Exam 26 hours
In total 206 hours
Further Information

This course will tentatively be organized around the following topics:

· Entrepreneurship as a career: the determinants of entrepreneurial entry

· Team formation

· Business opportunity assessment

· Entrepreneurship in Design and Architecture 

· Entrepreneurial strategy choices

· Developing business plans and business models

· Entrepreneurial survival and performance

· Entrepreneurial finance

· Startup location strategy and engaging with innovation ecosystems

· Inclusive innovation and entrepreneurship

 

Last updated on 02-07-2025