BUS9710M Developing Entrepreneurial Capability and Mindset Level M Module Handbook | UoL

Table of Contents

Contact Details    
Introduction    
Learning Outcomes    
Employability Skills / Skills for your Future    
Principles of Responsible Management Education    
Teaching & Learning Methods    
Module Delivery    

• Contact Time    
• Directed Study    
• Independent Study    

Feedback Strategy    
Assessment Rationale    
Learning Resources    

• Reading    
• The Library
• Digital Learning Resources     

Appendix One: Schedule of Activity    
Appendix Two: Assessment Brief    
Appendix Three: Assessment Criteria LO1-3    

Learning Outcomes Assessed: 

On completion of the module, you should be able to:

• LO1 Apply a structured approach to developing an opportunity into a business concept, taking into account the complexity, challenges and opportunities surrounding entrepreneurial activity within the enterprise start-up and development process.
• LO2 Develop and apply functional approaches to the exploration, planning, development, financing and launch of an entrepreneurial project or venture, through the production of a business plan.
• LO3 Evaluate, assess, and develop their understanding, skills and mindset linked to entrepreneurship, and relate these to personal development and career goals and plans. 

Employability Skills / Skills for your Future

The module enhances your employability by developing the following transferable Work Ready skills:

Organisation

• Project management skills for new venture creation: identifying tasks and allocating resources

Communication

• Discussing and challenging peers on contemporary entrepreneurship and enterprise-based issues

Commercial Awareness

• Developing an understanding of new venture creation, markets, environmental influences, and disruptive factors; developing operational plans; identifying risks to organisations

Researching and Analysing

• Secondary research skills to locate relevant and up-to-date statistics linked to analysing demand and the market; applying business models

Problem Solving

• Developing strategies to address organisational and product/service issues linked to new venture creation.

Learning and adaptability

• Taking a new venture from conception and business model to a fully formed business plan.

Principles of Responsible Management Education

The Lincoln International Business School is committed to the Principles of Responsible Management Education (PRME) to develop future leaders who are socially responsible and will create sustainable environmental and economic value.

This module contributes to the PRME agenda by –

• Principle 1 - Purpose: We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.
• Principle 2 - Values: We will incorporate into our activities, curricula, and organisational practices the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.
• Principle 3 - Method: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.

Teaching & Learning Methods

The module will be delivered by weekly 1-hour lectures and weekly 1-hour seminars.

Lectures are used to provide students with information, conceptual frameworks and problem areas. The lecture programme is intended to examine a range of topics, some of which will be discussed in greater detail in the seminars/workshops.

The directed study will include reading the material introduced in lectures. The key topic areas discussed in the lecture serve to shape the structure of the students’ learning.

Independent Study will be required throughout the module to build on knowledge and activities delivered in lectures, seminars and workshops. There is extensive private study involved in this module in terms of both background reading and carrying out practical exercises linked to the building of a business plan. As a general guide, you should expect to devote a minimum of 10 hours of study per CATS point, and so, for this 15 CATS point module, you should expect to devote a minimum of 150 hours of study, which means that classroom contact represents a small minority of the minimum study time that you will need to devote to this module.

Module Delivery

The lecture programme is intended to examine a range of topics, some of which will be discussed in greater detail in the seminars/workshops. The directed study will include reading the material introduced in lectures. The key topic areas discussed in the lecture serve to shape the structure of the students’ learning. Independent Study will be required throughout the module to build on knowledge and activities delivered in lectures, seminars and workshops.

Assessment Rationale

The module is assessed by a portfolio assessment.

Summative assessment will include a portfolio made up of two elements:

Element 1: An individual assignment/essay of no more than 1000 words, concerned with discussing issues linked to entrepreneurial venture development, opportunity recognition and development of entrepreneurial mindset, skills and abilities. This 1000-word element of the portfolio would be concerned with definitions of entrepreneurship and a discussion around what an entrepreneur is, along with a critical analysis of the opportunity recognition process linked to entrepreneurial activity, and the issues and challenges of actually launching the business venture.

Element 2: The submission of a business proposal and business model, as well as a reflective log linked to the understanding of the student’s personal development of entrepreneurial capability and mindset, with no more than 2500 words or equivalent.

Full assessment details are available in Appendix 2.

Assessment Criteria Grids will be used to provide feedback on Blackboard and indicate how marks will be allocated; they are included in Appendix 3.

Learning Resources

Reading

The key text(s) for this module are:

Bessant, J.R., Tidd, J. (2015). Innovation and entrepreneurship. Third edition. Chichester, West Sussex, England: Wiley.

Burns, P. (2018) New venture creation: a framework for entrepreneurial start-ups. Basingstoke, Hampshire: Palgrave Macmillan.

McMullen, J. S., & Kier, A. S. (2016). Trapped by the entrepreneurial mindset: Opportunity seeking and escalation of commitment in the Mount Everest disaster. Journal of Business Venturing, 31(6), 663-686.

Haynie, J. M., Shepherd, D., Mosakowski, E., & Earley, P. C. (2010). A situated metacognitive model of the entrepreneurial mindset. Journal of Business Venturing, 25(2), 217-229.

Other recommended reading for the module is:

Barringer, B.R. and Ireland, R.D. (2016). Entrepreneurship: Successfully Launching New Ventures. Fifth edition. Boston: Pearson.
Chell, E. (2008). The entrepreneurial personality: a social construction. 2nd ed. Hove: Routledge.

Hayton, J.C., Salvato, C., Manimala, M.J. (2015). Global entrepreneurship: case studies of entrepreneurial firms operating around the world. First edition. J.C. Hayton, C. Salvato, and M.J. Manimala (eds.). Oxfordshire, England: Routledge.

Roper, S. (2013). Entrepreneurship: a global perspective. Abingdon, Oxon: Routledge. Wickham, P.A. (2006) Strategic entrepreneurship. 4th ed. Harlow: Pearson Education.

Appendix One: Schedule of Activity

Appendix Two: Assessment Brief

Module Code & Title: Developing Entrepreneurial Capability and Mindset BUS9710M
Contribution to Final Module Mark: 100% 
Description of Assessment Task and Purpose:

Please note that this is one portfolio consisting of two subtasks ( 30 % and 70 % ) and should be submitted as one piece of work via Blackboard, Turnitin.

Assessment sub-task 1 (30%) 

You are required to write a reflective discussion of 1,000 words, in which you critically analyse, evaluate and apply different ideas and techniques linked to entrepreneurship, entrepreneurial thinking and the individual, the entrepreneurship process and entrepreneurship and society. 

Within your reflective discussion, ensure that you show evidence that you have evaluated, assessed, and developed your understanding, skills and mindset linked to entrepreneurship, and have related these to personal development and career goals and plans. Please ensure that you have engaged with and critically analysed the literature by including citations in your reflective discussion. 

• You may decide to define and discuss the concept of entrepreneurship and how the issues connected to this have influenced you as an entrepreneurial individual.
• You may decide to discuss issues such as entrepreneurial personality trait theory, entrepreneurial opportunity creation and recognition, or the new venture creation process, and how these issues relate to you as an entrepreneurial individual.
• You may decide to discuss how you will use the entrepreneurial knowledge and skills that you have acquired whilst preparing the business plan in your future career or workplace, and how will you further develop this knowledge and these skills. 

The reflective discussion can contain a mixture of 1st and 3rd person writing, 1st person when you are reflecting on your own knowledge, experience and skills linked to entrepreneurship, 3rd person when you are presenting and critically analysing the theory and literature. 

Assessment sub-task 2 (70%) 

The second assessment task for this module is a 2,000-word business plan and a 500-word reflective log. 

This plan (2000 words) will provide

• details of the business,
• industry and market analysis,
• customer analysis and value proposition,
• an operations and management plan,
• an appreciation of the financial issues. 

Please ensure that you show that you have engaged with the literature whilst developing your business plan, by including citations. You may also want to cite industry-based research and data. 

In the reflective log (500 words), you will reflect on yourself as an entrepreneurial individual in relation to the learning and development that has taken place while developing the business plan for this module. You could consider the following - 

• In relation to the preparation of the business plan, which areas of the business plan did you find most challenging, and which areas helped you to develop your entrepreneurial knowledge, mindset and skills? 

The purpose of this assessment is to assess your ability to employ concepts and theory from the field of entrepreneurship practice and to show that you can develop a business plan. 

Knowledge & Skills Assessed:

Knowledge and Understanding: Enterprise and entrepreneurship and its various forms.

Subject Specific Intellectual Skills: Assess and solve complex and unpredictable problems and make decisions based on identifying and evaluating appropriate alternatives

Subject Specific Practical Skills: Acquire, evaluate and synthesise a range of information for diverse organisational purposes,

 including new situations;

Transferable Skills and Attributes: Make effective decisions/conclusions through undertaking critical analysis/evaluation, plan and implement projects autonomously and independently, Communicate effectively according to different situations and in relation to various organisational constituents.

Appendix Three: Assessment Criteria LO1-3