INNO3002 New Venture Creation: Entrepreneurial Strategies, Resources & Teams

2017

4.5

1 x 3-hour workshop weekly

None

Core topic

Whether students are aspiring entrepreneurs bent on launching new businesses or managers bent on growing profitable businesses, the module seeks students to “think big” and “think out the box”. The central focus of the module is on two key success factors: the entrepreneur; and his/her ability to create and recognise opportunities. It examines the concepts, skills and know-how, information, attitudes and alternatives that are relevant for entrepreneurs engaged in start-up and early-stage ventures, managers of new ventures within established organisations, and the relevant stakeholders. Key questions raised and answered in the module include: What are the key aspects of new venture creation process? How does one evaluate an opportunity? How do new ventures achieve growth? What are the key elements of deal structure? How does one structure a deal? What are the strategies for harvesting new ventures? What are the unique properties of entrepreneurs and their teams?

The proposed topic focuses on the concepts, skills and know-how, information, attitudes and alternatives that are relevant for entrepreneurs engaged in start-up and early-stage ventures, managers of new ventures within established organisations, and the relevant stakeholders. The central focus of the module is on two key success factors: the entrepreneur; and their ability to create and recognise opportunities. Key questions raised and answered in the module include:

• What are the key aspects of new venture creation process?
• How to evaluate an opportunity?
• What are the key elements of deal structure? How to structure a deal?
• How do new ventures achieve growth?
• What are the strategies for harvesting new ventures?
• What are the unique properties of entrepreneurs and their teams?

On successful completion of this topic students should be able to:

• Define aspects of the new venture creation process
• Evaluate opportunities and make decisions about how evaluation should occur
• Understand growth of a new venture and how to configure them for success
• Understand team dynamic and structure ventures to human and technological strength factors