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 2021-22 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

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 6

12

      6

6

30
Timetable (if known) 60 mins X 1 totaling 6
 
120 mins X 1 totaling 12
 
      60 mins X 1 totaling 6
60 mins X 1 totaling 6
 
 
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
Individual report. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment.  -2500 words    80       
Individual assignment. Brief outline of business idea. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment.  -500 words    20       

Aims

The module aims to help students develop the competences, skills, awareness and mind-set to become effective 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 venture creation. 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 entrepreneurial business.

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

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

(LO4) Recognise the imperatives of new 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

1 hour online asynchronous learning per week x 6 weeks
1 hour online synchronous lecture per week x 6 weeks
2 hour face-to-face seminar every week x 6 weeks
1 hour face-to-face peer-to-peer learning every week (unscheduled) x 6 weeks
Self-directed learning x 120 hours


Syllabus

 

SESSION 1: Introduction to entrepreneurship and business creation;

SESSION 2: Learning styles and failure in entrepreneurship;

SESSION 3: Effectuation theory changes how we understand the entrepreneurial process;

SESSION 4: Social identity of entrepreneurs in different societies;

SESSION 5: Risk taking and its association with entrepreneurship;

SESSION 6: Course review and understanding what has been learned.


Recommended Texts

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