MBA7062 - Starting and Growing Your Own Business

Objectives:

On successful completion of the module, students will be able to:
Systematically understand and use a variety of strategic models to develop and evaluate business start-up ideas.
Explore and critically assess the impact of various environmental/market/competitor factors upon the development of a new business.
Create a detailed and viable business plan.
Present their proposal effectively, creatively and appropriately for their audience.

Content:

This module will be delivered by a mix of academics and guest speakers with practical, business start-up expertise. The fundamentals of the theoretical knowledge-base will be delivered by the academic input, while the guest speakers will provide the cutting-edge and practical material, creating a coherent and rigorous ‘enterprise culture’. In practice, sessions will be jointly delivered by academics and guests, where possible, thereby facilitating staff development opportunities, as well as highlighting to students the linkages between theory and practice. The key difference of this module is the applied nature of the material: theoretical models will be presented, used and critiqued as practical tools in the development of viable business start-ups and in nurturing and growing small businesses.

The detailed module content will, therefore, vary according to the available expertise and contemporary factors affecting business start-ups and will include a broad coverage of topics such as (but not limited to):
•Idea generation and creativity
•Market potential analysis
•Market segmentation, targeting and positioning
•Business planning and understanding the competitive environment
•Financial issues.

Learning and Teaching Information:

The sessions will be organised in mainly 2.5-hour teaching blocks. Lectures will deliver core theoretical frameworks, followed by workshops. The input of guest speakers and academic experts will be co-ordinated and monitored by the module co-ordinator.

Students will be able to work in teams to develop a business start-up idea, to which the various tools and models can be applied, producing a progressively more robust and considered Business Plan throughout the course.

Students will benefit from feedback on their business idea and model during group or individual presentations and through the series of workshops, prior to submitting their business plan for assessment.

Lectures
Hours: 8
Intended Group size: Whole cohort

Workshops
Contact hours: 16
Intended Group size: Whole cohort

Guided independent study
Hours: 176

Assessment:

001 Presentation (individual or Group) 15 minutes mid module 25%
002 Business Plan 3000 words end of module 75%

Fact File

Module Coordinator - PRS_CODE=
Level - 7
Credit Value - 20
Pre-Requisites - NONE
Semester(s) Offered - T3

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