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Enterpreunership Course Outline

The Entrepreneurship course at Rift Valley University aims to equip MBA students with essential knowledge and skills related to entrepreneurship and small business management. It covers topics such as the definition and importance of entrepreneurship, characteristics of successful entrepreneurs, business planning, and the steps to start and operate a small business. The course includes lectures, discussions, and practical assignments, culminating in a business plan presentation.

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28 views4 pages

Enterpreunership Course Outline

The Entrepreneurship course at Rift Valley University aims to equip MBA students with essential knowledge and skills related to entrepreneurship and small business management. It covers topics such as the definition and importance of entrepreneurship, characteristics of successful entrepreneurs, business planning, and the steps to start and operate a small business. The course includes lectures, discussions, and practical assignments, culminating in a business plan presentation.

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nasifoosiraj82
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© © All Rights Reserved
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R I F T V A L L E Y U N I V E R S I T Y

DEPARTMENT OF MANAGEMENT

Course Title : Entrepreneurship


Course Code MBA
Programme Master of Business Administration
Credit Hours :
Prerequisite: None
Course facilitator: Chala D (PhD)
Delivery: Year I Sem. I MBA Programme (Bishoftu Campus)
Office Location: RVU Building, Rift Valley University Bishoftu Campus
E-mail: [email protected]
Course Description:
The course begins with definition and concepts of entrepreneurship, its importance to the
economic development. Innovation as essential issue to understand driver to entrepreneurial
process, entrepreneur’s background & characteristics, personal entrepreneurial competencies,
start up business, planning to finance and marketing and writing business plan to transform
idea in to viable business as well as enterprise development and government support.
Course objective:
The Objective of the course is to acquaint students with the principles of entrepreneurship and
its role in economic development of a country and to impart knowledge of the basic problems
of management of small business units. Specifically the course focused on
 Know the meaning, concepts, definition and evolution of
entrepreneurship
 Evaluating the necessary qualities and characteristics of the successful
entrepreneurial profile.
 Develop skills and knowledge on developing Creativity and the
Business Idea
 Develop how to manage and operate business
 Recognize and determine the steps necessary to open and operate a small
business enterprise.
 develop skills on writing up a business plan for transforming the
entrepreneurial idea
 Identify the marketing, financial, and other competencies needed by an
entrepreneur.

COURSE OUTLINES
PART I: ENTREPRENEURSHIP
CHAPTER 1: THE FOUNDATIONS OF ENTREPRENEURSHIP
1.1. Entrepreneurship as a career option
1.2. Concepts and Definitions
1.3. Difference between Entrepreneur and Entrepreneurship
1.4. Role of Entrepreneurship in Economic Development
1.5. Functions of an Entrepreneur
1.6. Entrepreneur vs. Manager Relationship
CHAPTER 2: ENTREPRENEUR’S BACKGROUND & CHARACTERISTICS
2.1. Entrepreneurship Background
2.2. the most important characteristics of successful entrepreneurs
2.3. Entrepreneur mind set
2.4. qualities of an entrepreneur
2.5. Entrepreneur in 21 Century
2.6. Entrepreneurial Decision Process
2.7. Putting Failure into Perspective
CHAPTER 3: PERSONAL ENTREPRENEURIAL COMPETENCIES
3.1. Achievement Cluster
3.1.1. opportunity seeking and initiative
3.1.2. Demand for quality and efficiency
3.1.3. Risk taking
3.1.4. Persistence
3.1.5. Commitment
3.2. Planning cluster
3.2.1. Goal setting
3.2.2. Information seeking
3.2.3. Systematic planning and monitoring (Building a Powerful business Plan)
3.2.4. components of business plan
3.2.4.1. Executive summary
3.2.4.2. Industry analysis
3.2.4.3. Company description
3.2.4.4. Product and services description
3.2.4.5. Market description
3.2.4.6. Marketing strategy
3.2.4.7. Operations description
3.2.4.8. Staffing description
3.2.4.9. Financial projection
3.2.4.10. Capital needs
3.2.4.11. Milestones
3.3. Power Cluster
3.3.1. Persuasion and networking
3.3.2. Independence and self-confidence
PART II: SMALL BUSINESS MANAGEMENT
CHAPTER 4: SMALL BUSINESSES
4.1. Definition of Small businesses …
4.2. Family businesses
4.3. Reasons for small business failures:
CHAPTER 6: START UP BUSINESS
6.1. How does one start a new venture?(launching a new business)
6.2. Important issues in new venture creation
6.3. Life cycle of entrepreneurial firms (running the business)
6.3.1. Birth stage
6.3.2. Breakthrough stage
6.3.3. Maturity stage
6.4. Forms of legal ownership
6.5. Entry strategy in to business
6.6. Financing the new venture
6.7. Resources support entrepreneurship and business development
COURSE DELIVERY METHODOLOGY
 Students will be required to develop a business plan outline: Additional research
or in-class exercises may be assigned to help guide you in the development of
business plan.
 Lecture, discussion, case analysis and presentation and other methods relevant
to the context.
Grading: system Components
50% Final Exam,
20% article review/ class work
30% assignment on business plan preparation and presentation

Text: Essentials of Entrepreneurship and Small Business Management


Zimmerer/Scarborough, Fourth Edition, Prentice Hall, 2005
Running A One-Person Business, Whitmyer/Rasberry, Rev. Second
Edition, Ten Speed Press, 1994
References
P. Lourdess Poobalarayen & X. Anthony Thanaraj (2010), Entrepreneurship in Tiny
Sectorindustries, New Delhi: Discovery Publishing House PVT Ltd.
Acs, Z. and Audretsch, D. (eds.) (2010) Handbook of Entrepreneurship Research, 2nd edition.
Aidis, R. and F. Welter (eds.) (2008) Innovation and Entrepreneurship: Successful Start- ups
and Businesses in Emerging Economies, Cheltenham, UK: Edward Elgar.
Aidis, R. and F. Welter (eds.) (2008) The Cutting Edge: Innovation and Entrepreneurship in
New Europe,Cheltenham, UK: Edward Elgar.
Bhowmik (2008) Entrepreneurship
Burns, P. (2011), Entrepreneurship and Small Business, 3rd edition. UK: Palgrave
Hampshire.
Bygrave, W. and A. Zacharakis (2010) The Portable MBA in Entrepreneurship, 4th
edition, John Wiley & Sons.
Carree, M. and R., Thurik (2006) Entrepreneurship and Economic Growth, Cheltenham, UK,
and Northampton, MA: Edward Elgar.
Dana, L-P, M. Han, V. Ratten and I. M. Welpe (eds.) (2008) Handbook of Research on
European Business and Entrepreneurship: Towards a Theory of Internationalization,
Cheltenham, UK, Northampton, MA, USA.
Dana, L-P, M. Han, V. Ratten and I. M. Welpe (eds.) (2008) Handbook of Research on
Asian Entrepreneurship, Cheltenham, UK, Northampton, MA, USA.

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