Introduction to Entrepreneurship MGTE 320.01 Spring 2005 CLASS DAY DATE EVENT/ASSIGNMENT 17 Tues 15-Mar Teams MUST meet with entrepreneur during class time--you may 18 Thur 17-Mar Guest Speaker: MCOB Business Services Librarian 19 Tues 22-Mar Intrapreneurship Readings: Ch12-Essential Skills for Entrepreneurs Ch13-Building the New Venture's Human Resources Class Handout Exercise: Calculate your temperament "free" at the following website: http://www.advisorteam.com/ Select the following link: Answer instrument questions Print a copy of your "temperament" and bring to class for discussion. 20 Thur 24-Mar Guest Speaker: Legal Issues for Entrepreneurial Ventures Readings: Ch8-The Legal Form of New Ventures Ch11-Intellectual Property 21 Tues 29-Mar Feasibility Analysis Presentations† 22 Thur 31-Mar Feasibility Analysis Presentations† 23 Tues 5-Apr Feasibility Analysis Presentations† 24 Thur 7-Apr Feasibility Analysis Presentations† 25 Tues 12-Apr Feasibility Analysis Presentations† 26 Thur 14-Apr Postmortem Discussion---Feasibility Analysis Projects $20.00 Challenge Individual Report‡ (Report #2) due 27 Tues 19-Apr Guest Speaker: Venture Capitalism and the New Venture (Part I) InfoTrac Video: Financing New Ventures with Profiles in Entrepreneurship Readings: Class Handout 28 Thur 21-Apr Guest Speaker: Venture Capitalism and the New Venture (Part II) Reading: Ch14-Exit Strategies for Entrepreneurs 29 Tues 26-Apr Ethics in Corporate Entrepreneurship Readings: Class Handout $20.00 Challenge project winner announced TCE's 30 May TBA Final Exam Open-book, open-notes--most likely short essay questions (see midterm exam description) covering the entire semester with emphasis on material covered since † The Feasibility Analysis Project report is due at the time of your oral presentation. You must submit two (2) hard copies of your report plus a CD that includes both your report and ‡ $20 Challenge Report #1 (Group) & Report #2 (Individual) must include ALL project owing website: class for discussion. Introduction to Entrepreneurship MGTE 320.01 Spring 2005 CLASS DAY DATE EVENT/ASSIGNMENT 1 Tues 11-Jan Introduction to course objectives, activities and requirements 2 Thur 13-Jan What is entrepreneurship? Video: http://www.swlearning.com/management/baron/e1e/video/File01.mov Reading1: Ch1: Entrepreneurship: A Field--And An Activity Assignment: 1-page describing "your" definition of an entrepreneur (A1) Exercise: Calculate Entrepreneurship Quotient--print 2 copies, turn in one copy (A1) http://www.startupcafe.ch/ [Using the website above, go to the StartUp Café & select "Discover" link, then "E2Be Test" link] Reading2: Class Handout--"Introduction: The Nature of Entrepreneurship" E2Be Test: Are You an After Assignment: some thoughtful introspection, select one "myth" from Entrepreneur? "Reading2"; write a 1-page analysis reflecting on the pro/con of the myth as it relates to your entrepreneurial mindset. (A2: submit 1-20- Video: http://www.swlearning.com/management/baron/e1e/video/File03.mov 3 Tues 18-Jan The Value of Individual Differences-Part I Video: http://www.swlearning.com/management/baron/e1e/video/File07.mov Readings: Class Handout--Entrepreneurship articles Assignment: InfoTrac Exercise #1, p23--submit written analysis plus article (A3) Ch1, 4 Thur 20-Jan The Value of Individual Differences-Part II Assignment: submit (A2) 5 Tues 25-Jan Understanding the Entrepreneurial Process Readings: Ch2-Uncovering Opportunities; Ch3-Cognitive Foundations of Entrepreneurship Assignment: Select an HBS entrepreneur; view profile at http://www.hbs.edu/entrepreneurs Submit (max 5 PPT)/present analysis of entrepreneur's view of entrepreneurship (A4) 6 Thur 27-Jan $20.00 Challenge Project Launch Student Activities presentation; elect company CEOs Assignment: InfoTrac Exercise #2, p48--submit written analysis plus article (A5) Ch2, 7 Tues 1-Feb Financial "Jeopardy" Review: Class Handout--Financial Terminology Reading: Ch6-Financing New Ventures Assignment: InfoTrac Exercise #1, p159--submit written analysis plus article (A6) Ch6, 8 Thur 3-Feb Guest Speaker: "Starting a New Venture" Practicum Video: http://www.swlearning.com/management/baron/e1e/video/File06.mov Readings: Ch9-Marketing in a New Firm Ch10-Strategy:Planning for Competitive Advantage 9 Tues 8-Feb International Entrepreneurship Reading: Class Handout--"Entrepreneurship & Government Policy: An International Perspe Video: "Experiences in International Entrepreneurship" (UCLA)--WebFile MGTE 320 Class F Assignment: Working in groups of 2, prepare a short (max 6 slides) PowerPoint 10 Thur 10-Feb presentation for the class analyzing the current entrepreneurship Guest Speaker: Government & The Entrepreneur Readings: Class Handout--"Barriers to Entrepreneurship: How Government Undermines Economic Opportunity Assignment: Research (be prepared to give oral summary to class) a "current" 11 Tues 15-Feb article (not an abstract) pertaining Guest Speakers: Local Entrepreneurto new venture development and Panel Readings: Ch4-Aquiring Essential Information Ch5-Assembling the Team Ch5, Assignment: Discussion Questions #1-4, p128--submit written analysis (A10) 12 Thur 17-Feb Video: Entrepreneur Feasibility Analysis Interview (view in class) Preparation for SBDC entrepreneur presentations 13 Tues 22-Feb SBDC Entrepreneur presentations 14 Thur 24-Feb SBDC Entrepreneur presentations 15 Tues 1-Mar $20.00 Challenge Group Report (Report #1) Due SBDC Entrepreneur feasibility project selection & team pairings Midterm Examination Overview 16 Thur 3-Mar Midterm open-notes--most Open-book,Examination likely short essay questions in a case format covering textbook and article reading assignments, written assignments, videos, guest Mid-semester Break (March 5-13) trepreneur (A1) t 2 copies, turn in one copy (A1) ect "Discover" link, then "E2Be Test" link] Entrepreneurship" nalysis plus article (A3) ve Foundations of Entrepreneurship http://www.hbs.edu/entrepreneurs/ neur's view of entrepreneurship (A4) en analysis plus article (A5) analysis plus article (A6) nment Policy: An International Perspective" ip" (UCLA)--WebFile MGTE 320 Class Folder vernment Undermines Economic Opportunity" mit written analysis (A10) iew in class) University of Notre Dame Mendoza College of Business 6 Introduction to Entrepreneurship MGTE 320.01 Spring 2005 Instructor: John Fitzmartin Office Hours: By appointment only Telephone: 574.631.3810 Classroom: 217 DeBartolo Email: firstname.lastname@example.org Class Meeting Day/Time: Tu/Th 0930-1045 Office: L014D--MCOB Required Textbook: Robert A. Baron & Scott A. Shane, Entrepreneurship: A Process Perspective , (Mason, Ohio: South-Western, 2005) Course Objectives: 1. To provide a basic introduction to entrepreneurship. 2. To develop an understanding of entrepreneurship as a business behavior which may be observed across a variety of people and in a variety of organizational contexts. 3. To assist students to prusue individual learning goals or career ambitions in the area of entrepreneurship. 4. To develop skill in the analysis of strategic issues facing entrepreneurs and new business ventures. 5. To relate theory to practice in entrepreneurship. Course Description: This course provides an introduction to entrepreneurship, including an understanding of the concept of entrepreneurship and its historical evolution, the process of creating and evaluating opportunities for new ventures, developing opportunities into business concepts, the concept of corporate entrepreneurship (intrapreneurship), the skills and resources required for starting and managing new ventures, the challenges faced by new ventures and how to overcome them, and the characteristics of an entrepreneur. Guest speakers including entrepreneurs will offer the class personal insights and experiences involving entrepreneurial ventures. Many conventional university courses on entrepreneurship focus on teaching students how to prepare a business plan. While this can be very useful (and is covered in other courses in the Mendoza College of Business), this course will not require you to develop a business plan. Rather, you will explore the multifaceted aspects of entrepreneurship by conducting a feasibility analysis with a "real" entrepreneur selected from a panel presented by the SBDC of South Bend, and through classroom participation in situational analyses of entrepreneurship. In both the classroom discussions and the feasibility project, you will focus on the analysis of strategic issues facing the entrepreneur. Course Format: This course is focused on "active learning"--discussion and application -- rather than the traditional lecture- regurgitation format. Successful active learning requires a major investment from both students and faculty. You will need to study the assigned readings before each class, do a fair amount of thinking and writing, and be prepared to contribute to the class discussion. You should become a partner in the learning environment, which means asking questions, sharing your reactions, giving feedback to your colleagues and instructor, and staying on top of the workload. I will invest time and energy to help you attain your goals for the course, and work with you to develop your skills and abilities (more like a coach than a traditional lecturer). This approach requires more work from all of us, but in the long run the benefits warrant the extra work. I expect the classroom sessions to be lively and interactive, and they will expose you to the issues/processes entrepreneurs deal with in the development of new ventures and the adoption and pursuit of goals for their organizations. Class Schedule: A class schedule (also class ppt and reading materials) is posted in the class folder (WebFile: MGTE 320.01folder). Assignments and deliverable changes will be announced in class and posted. It is the student's responsibility to be aware of changes. Lack of awareness will not be accepted as an excuse for tardiness, absence, late assignments or missed appointments. The instructor may also use email (class listserv) to notify students of last minute or uncontrollable class schedule changes. University of Notre Dame Mendoza College of Business 7 Final Grade Assessment Options Minimum Maximum Proportion of Assessment Item Proportion of Assessment Assessment Class/Written Assignments 10% 15% Class Participation 10% 15% Midterm Exam 10% 15% Final Exam 10% 15% Feasibility Analysis Project 20% 25% $20 Challenge Project 20% 25% Note: Total grade assessment must equal 100%--use increments of 5%. Grading Scale Guide Ranges of Numerical Scores Performance Levels Associated with Letter Grade Corresponding to Performance Letter Grades and Numerical Scores Levels A Brilliant or Extraordinary ≥95.0 A- Excellent ≥90.0<94.9 B+ Impressive ≥86.7<89.9 B Good ≥83.3<86.6 B- Fine ≥80.0<83.2 C+ Satisfactory ≥76.6<79.9 C Acceptable ≥73.3<76.5 C- Marginally Acceptable ≥70.0<73.2 D Marginally Unacceptable ≥60.0<69.9 F Failure <60.0 In this course you will be given some latitude to choose the weighting of assessment options, within certain boundaries defined by the instructor, by which you will be graded. The purpose of this freedom is to allow you to tailor the assessment activities to match your own particular learning needs and objectives---but to do so in such a way as to maintain equality of standards across the course. You will be required to indicate your chosen assessment options in a "grade contract" (to be provided by the instructor), which must be submitted at the beginning of the third class (January 18, 2005). Grade assessment selections are unalterable after this date. Note, there are no such things as "bonus points" or "extra credit" in this course. Class/Written Assignments: Thought questions from the textbook, journal/internet articles and instructor developed exercises will form the basis for class/written assignments. All class/written assignments must be submitted at the beginning of class on the due date as indicated on the class schedule. A late assignment is the same as no assignment. Make sure all assignments are turned in on or before the due dates. Students may not use email to submit assignments without prior instructor approval. Assessment criteria will be posted on the "I" drive (class folder). All written assignments must be typed (12-font, Times New Roman, double-spaced) and include the student's name, date, and assignment number (e.g., A3). More details will be provided in class by assignment. University of Notre Dame Mendoza College of Business 8 Class Participation: All course sessions involve active classroom discussion based on assigned readings, with a focus on both theoretical questions and practical implications. You should be prepared both to share your ideas and to listen to and interpret the issues presented by others. Effective discussion depends on your willingness to take risks in communicating ideas and to be supportive of and responsive to others. Regular participation in discussion is expected, and you should carefully prepare the readings/videos for every class session. You can expect some cold-calling, but for the most part, participation is voluntary and the quality of your contribution counts more than the quantity. Participation will be evaluated daily and assessed at the end of the semester. Session scores can be either: 0=absent from class, 3=in attendance, 5=contributes to the class discussion/presentation. Comments that move a discussion forward in a productive direction are particularly welcome; this requires careful listening as well as the ability to make conections to the comments of others. For this reason, name cards must be consistently displayed during class, and it is essential that you attend all course meetings. As in the workplace, sick days are an expected commodity. This semester, you will be allowed two (2) sick days at your discretion, with no penalty (excluding feasibility analysis-related activities). When you sign up for a class, you have made a personal commitment to be there at the scheduled times. Three or more absences in a semester may result in an automatic "administrative drop" from the course with a failing grade. Each student is responsible for signing an attendance sheet before leaving class. Failure to do so will be recorded as an "absence." Tardiness is unacceptable and will be considered in assessing final grades. Attendance policies differ across classes and across employers. Every professional you talk with will tell you that showing up consistently and "on time" is a critical component of how you are judged and what you get out of a learning or work experience. Examinations: Exams will be given to ensure that you are motivated to understand the entrepreneurial concepts that we will be discussing. There will be two exams, a midterm and a final, for this class. Exam format may include multiple-choice, true- false, or essay. Review sessions to discuss the exam format and content will be conducted prior to each exam administration. Students not sitting for an exam will be assigned a zero grade and only made up at the discretion of the instructor and if the student provides an official university excuse. Exam content may cover homework assignments, textbook and assigned readings, class discussions, guest speaker presentations, video cases and/or student projects. Feasibility Analysis Project: During the semester, students will form teams and be asked to determine the commercial viability of an entrepreneur's concept or technology by using the concepts and theories of this course (and other business courses such as marketing, finance, accounting, etc.). The teams will be given a framework with which to examine the project and they will be asked to present and defend their findings in a written report and oral presentation. The project offers team members the opportunity to interact "live" with an entrepreneur. The instructor will assign students to the project teams. Entrepreneurs presenting ideas to the class for consideration will be recommended by Jim Gregar of the Small Business Development Center (SBDC). $20.00 Challenge Project: Students will form teams representing several different companies. Each team will identify a "new" venture to pursue and establish profitably using only a $20 loan from the class. This project, supported by the dean, student activities and the Gigot Center for Entrepreneurial Studies provides several experential and application components of entrepreneurship. Additional information will be provided in class. This syllabus is subject to change. Unacknowledged or unauthorized use of the words or ideas of others constitutes plagiarism, which is punishable by automatic failure of the assignment and/or automatic failure of the course, depending on the degree and circumstances of the infraction. The University may impose additional sanctions. Ethics is extremely important for both the company you will work for and for your career. Plagiarism on exam essays, class written assignments or group projects will not be tolerated. The instructor is deeply indebted to Professor David Hayes of the Gigot Center for Entrepreneurial Studies for his assistance and contribution to the reorganization of the course material. His invaluable expertise and experience will surely provide the students in this course with a rich learning experience.
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