Business Start-Up MGT4053

  • Academic Session: 2024-25
  • School: Adam Smith Business School
  • Credits: 30
  • Level: Level 4 (SCQF level 10)
  • Typically Offered: Runs Throughout Semesters 1 and 2
  • Available to Visiting Students: Yes
  • Collaborative Online International Learning: No

Short Description

This is a practice-based experiential learning course in which students, working in groups of three or four, undertake an entrepreneurial activity that creates financial value.

Timetable

Lectures: 2 hr x 19 Weeks and 1 x 3 hr in Week 20.

 (Please refer to MyCampus for timetable)

Requirements of Entry

Entry to an Honours programme in Business and Management or a GPA of 12 in the level 2 courses listed below for students taking an Honours programme in another subject:
• MGT2010 Business Decision Analysis
• MGT2011 Fundamentals of Human Resource Management
• MGT2012 Services and Operations Management
•MGT2014 Entrepreneurship

Excluded Courses

None.

Assessment

Intended Learning Outcomes

Assessment

Weighting

Word Length/ Duration

1, 2, 3

Individual Assignment

30%

2500 words

1, 2, 3, 4, 5

Group Report

40%

3000 words

Are reassessment opportunities available for all summative assessments? Not applicable for Honours courses

Reassessments are normally available for all courses, except those which contribute to the Honours classification. For non Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below. 

Course Aims

This course aims to:

■ Provide students with the opportunity to apply their learning in a realistic context.

■ Link theories of entrepreneurship to practise.

■ Experience business start-up.

■ Practise and develop entrepreneurial skills that have been taught in the classroom.

■ Decision-making skills.

■ Experiencing and learning from negative outcomes.

■ Reflect on whether entrepreneurship is a realistic career option.

Intended Learning Outcomes of Course

By the end of this course students will be able to:

 

1. Apply knowledge of entrepreneurial concepts in a practical setting through undertaking activities involved in discovering a business idea, notably ideation, opportunity discovery and identification, value proposition, market positioning, and business model development.

2. Develop and apply entrepreneurial know-how in a practical setting, notably the lean startup concept, marketing mix, distribution channels, branding and pricing,

3. Develop and apply and soft skills such as negotiation, networking, sales and selling and reflect on how effectively you applied these skills.

4. Develop team working, time management, problem solving and communication skills.

5. Develop reflective skills to critically assess their entrepreneurial experience.

6. Reflect on whether entrepreneurship is both feasible and attractive as a personal career option.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.