ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title ENTREPRENEURSHIP AND BUSINESS CREATION
Code ULMS709
Coordinator Dr DC Heywood
Strategy, IB and Entrepreneurship
D.Heywood@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ENVS120 EXPERIMENTS IN PHYSICAL GEOGRAPHY I 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 12

 12

       6

 30
Timetable (if known) 120 mins X 1 totaling 12
  		120 mins X 1 totaling 12
  		         
Private Study 120
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Group presentation video. There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment.  3 minutes    40       
Individual assignment Brief outline of business idea This is an anonymous assessment  -500 words    0       
Individual report There is a resit opportunity Standard UoL penalty applies for late submission This is an anonymous assessment  -2500 words    60       

Aims

The module aims to help students develop the competences, skills, awareness and mind-set to become effective innovators and entrepreneurs. The teaching and learning encompass the different methods of starting up a new venture, e.g. borrowing, causation or bootstrapping, effectuating as well as the general challenges faced at business start-up. The role of entrepreneurial learning and social networking is considered along with the planning and implementation of successful innovation(s). Students will examine alternative approaches to business start-up and innovation, as well as business growth, demonstrating an understanding of the risks and challenges associated with them.

Learning Outcomes

(LO1) Identify and analyse the nature and scope of issues and problems involved with respect to managing an innovative business.

(LO2) Critically reflect on the factors associated with good practices in developing and utilising appropriate entrepreneurial networks to access resources innovatively.

(LO3) Understand the various options available in terms of establishing an entrepreneurial and innovative organisation.

(LO4) Recognise the imperatives of innovative technologies and demonstrate how they can form the basis of a sustainable business.

(S1) Adaptability. The module requires students to think seriously about their own skills and knowledge and how these can be utilised to exploit a business opportunity.

(S2) Problem solving skills. Identifying a potential business opportunity requires students to develop appropriate problem solving skills such as resource acquisition.

(S3) Numeracy. Basic numeracy skills will be necessary to calculate the amount of start-up capital and time to break-even.

(S4) Commercial awareness. Students must develop the ability to understand the business environment.

(S5) Teamwork. Students will engage in various exercises such as brainstorming, designed to develop team working skills.

(S6) Organisational skills. Students will develop their organisation skills through co-operating with others and meeting coursework deadlines.

(S7) Communication skills. Oral skills are developed during the seminars and written skills in preparing the coursework.

(S8) IT skills. Students will develop their IT skills in preparing for assessments.

(S9) International awareness. Students are encouraged to think about entrepreneurship in a range of different contexts.

(S10) Lifelong learning skills. The module encourages students to think seriously about learning to learn.

(S11) Ethical awareness. Students will understand the many ethical issues to be considered with respect to managing a business.

Teaching and Learning Strategies

Lectures x 12 hours (2 hours x 6 weeks)
Some of the module will be delivered in a traditional lecture format but some of the lecture slots will consist of interactive activities in which students will be expected to participate, comment and discuss ideas and theories.

Seminars x 12 hours (2 hours x 6 weeks)
Students will work in smaller groups in order to focus on discussion and debate.

Unscheduled directed group work x 6 hours
Students will work together in their groups to prepare for the group assessment.

Self-directed learning x 120 hours
Outside the classroom, a student’s time should be spent preparing questions in advance of seminars, reading materials, researching independently and preparing assessments.

Syllabus
 

SESSION 1: Introduction to entrepreneurship and innovation;

SESSION 2: Entrepreneurial capabilities and learning;

SESSION 3: Resourcing the start-up business;

SESSION 4: Network management;

SESSION 5: Consulting with technology SMEs;

SESSION 6: Social networks and growth.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.