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 | ENTREPRENEURIAL DECISION MAKING | ||
Code | ULMS713 | ||
Coordinator |
Dr M Plesa Strategy, IB and Entrepreneurship Magdalena.Plesa@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2024-25 | Level 7 FHEQ | Second 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 |
10 |
10 |
5 |
25 | |||
Timetable (if known) | |||||||
Private Study | 125 | ||||||
TOTAL HOURS | 150 |
Assessment |
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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 assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. | 0 | 70 | ||||
Group presentation. There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. | 15 | 30 |
Aims |
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This module aims to provide students with an understanding of the cognitive and affective factors influencing decision-making and how cognition can be harnessed to stimulate creativity and innovation. In addition the module aims to provide students with an understanding of the factors influencing business risk and how risks can be managed and controlled. The module draws from the management literature to explore the variety of factors which influence entrepreneurial decision making throughout the lifecycle of the business, specifically focusing on: business start-up; creativity and innovation; and risk management. |
Learning Outcomes |
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(LO1) Students will be able to apply thinking techniques to effectively solve problems and innovate. |
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(LO2) Students will be able to conduct risk assessment. |
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(LO3) Students will be able to compile a business plan. |
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(LO4) Students will be able to critically evaluate a business plan. |
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(LO5) Students will be able to conduct effective group discussions. |
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(LO6) Students will be able to apply the techniques of the module to managing decision-making. |
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(S1) Written communication skills. |
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(S2) Problem solving skills. |
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(S3) Ethical awareness. |
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(S4) Commercial awareness. |
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(S5) Research skills. |
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(S6) Team working skills. |
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(S7) Presentation skills. |
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(S8) Lifelong learning. |
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(S9) Adaptability |
Teaching and Learning Strategies |
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2 hour lecture x 5 weeks |
Syllabus |
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Day 1: Introduction to the module. Personality factors, creativity and innovation; Day 2: Problem solving and the psychology of risk; Day 3: Compiling and evaluating the business plan; Day 4: Group decision making, managing high performance teams, putting it all together and pitching; Day 5: Group presentations, course summary and final reflections. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |