MBA 573: New Venture Creation provides an introductory overview of the knowledge and skills needed for the identification, evaluation, and exploitation of opportunities in a variety of circumstances and environments. It concentrates on the study of entrepreneurship, preparation of business plans, methods for evaluating and screening new venture ideas, formulation and implementation of business strategies for new ventures, development of a business plan, the financing of new ventures, and venture growth strategies and exits. Further, it is a course that mixes theory with practice, and students are challenged to apply course principles and concepts to real world situations.
Insights into what it is like to work in an entrepreneurial organization - including the dynamics and challenges associated with new venture formation - are investigated. The characteristics and attributes of successful entrepreneurial companies are discussed. This includes an investigation into the contributions that entrepreneurs make to both social and economic systems.
COURSE OBJECTIVES
- To describe, understand, and critically analyze entrepreneurship from the perspective of both start-up ventures and early stage companies.
- To identify, describe and critically evaluate the personality characteristics associated with successful entrepreneurs.
- To understand the role entrepreneurship plays as a socio-economic agent, including the origin of the concept, the role entrepreneurship plays in socio-economic development, job creation and community development.
- To recognize strategies and management techniques used in successful start-up companies and early stage enterprises.