Entrepreneurship

Duration

30h Th

Number of credits

Lecturer

Julien Paeschen

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Build your future, instead of enduring it...

The aim of this course is to help students develop their new business project. It covers the key dimensions of success as well as the most important pitfalls. The course analyzes the idea generation, product/service creation, business development and market introduction phases. Special attention is devoted to the use of internet-based technologies to foster project development and market adoption.

The final outcome is a fully operational business plan for a new entrepreneurial project (partnership, alliance, acquisition and/or creation).

Learning outcomes of the learning unit

The course covers the following topics:

- Environment: recent evolution of the world in its macroeconomic, geopolitical, social and technological dimensions.

- Businesses: what is a business from an entrepreneurial standpoint? how to measure its performance, its growth, its economic value added?

- New ideas: generation and evaluation. Identification of new business opportunities; use of available information sources on the internet?

- Evaluation: market assessment in a "customer-centric" world. How to forecast market share, volume and cash flows?

- Financing: main sources of financing, when and how to attract new investors or float a company on the stock market (IPO)?

- Valuation: available options (partnership, alliance, investment, acquisition); benchmarking; when and how to sell?

- Success: what are the key driving forces behind a successful entrepreneur; why and how to share performance; why and when to retire and go... fishing?

Prerequisite knowledge and skills

None

Planned learning activities and teaching methods

The final outcome of this course is a fully operational business plan for a new entrepreneurial project (partnership, alliance, acquisition and/or creation).

Mode of delivery (face-to-face ; distance-learning)

- Lectures covering the key concepts, tools and models

- Usable information, intelligence and decision support systems

- Internet-Based Case Analysis: real-time analysis, tracking and control of new businesses

Recommended or required readings

Reading list: articles and chapters. Reference internet sites.

Assessment methods and criteria

- Class participation and personal involvment in the Internet-Based Case Analyses

- Quality of the creation, acquisition or investment project.

Work placement(s)

Organizational remarks

This course is designed to be a challenging and time-consuming experiment.

Class attendance is critical.

Contacts

Professor : Dr. J.-M. Choffray, Ph.D. MIT, B31, Local III/36

Items online