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Introduction to Entrepreneurship

Module WI000801

This Module is offered by Chair of Entrepreneurship (Prof. Patzelt).

This module handbook serves to describe contents, learning outcome, methods and examination type as well as linking to current dates for courses and module examination in the respective sections.

Module version of WS 2011/2

There are historic module descriptions of this module. A module description is valid until replaced by a newer one.

available module versions
SS 2012WS 2011/2

Basic Information

WI000801 is a semester module in English language at Bachelor’s level and Master’s level which is offered in winter semester.

This module description is valid to WS 2015/6.

Total workloadContact hoursCredits (ECTS)
90 h 30 h 3 CP

Content, Learning Outcome and Preconditions

Content

The module introduces students into basic principles of the topic of entrepreneurship from a global and international perspective. Students will be equiped with basic knowledge on:
- definitions, regional aspects, and special forms of entrepreneurship
- entrepreneurial individuals, including their personality, creativity, idea development, cognition, opportunity recognition, decision making, affect, and moving forward from failure
- entrepreneurial firms, including their growth strategies, strategic alliances, and resources.
Beyond that, students will engage in break-out group workshops to personally experience the process of opportunity recognition and development. In these workshops they will work in teams and apply concepts from academic literature to real-world entrepreneurial problems. Furthermore, students give presentations to the audience and discuss their results.

Learning Outcome

First, students will know and be able to explain basic concepts of entrepreneurship including basic definitions, psychological processes and characteristics of the person of the entrepreneur, and potential development paths of young firms. Further, students will transfer this basic knowledge to real world cases. Thus, students will be able to solve entrepreneurial problems in real world settings drawing on theoretical frameworks of the entrepreneurial process.

Preconditions

None

Courses, Learning and Teaching Methods and Literature

Courses and Schedule

Learning and Teaching Methods

The module will combine several learning methods.
- The basic knowledge as well as real world examples will be provided through the lecture.
- Discussions in the lecture and active participation are encouraged and will contribute to deepen the understanding of the concepts introduced.
- Workshops in smaller groups enable the students to apply (part of) their theoretical knowledge to real-world problems. This format additionally fosters creativity and team work.
- Students will get additional background knowledge from the scientific literature in private reading.

Media

Presentations, exercises, online materials

Literature

Hisrich, R. D., Peters, M. P., & Shepherd, D. A. (2010). Entrepreneurship (8th ed.). New York: McGraw-Hill.
Read, S., Sarasvathy, S., Dew, N., Wiltbank, R. & Ohlsson, A.-V. (2010). Effectual Entrepreneurship. New York: Routledge Chapman & Hall.

Module Exam

Description of exams and course work

The grading is based on a written exam (60 Minutes). The written form of the exam allows a comprehensive assessment of students' knowledge and understanding of the basic principles of entrepreneurship. They will answer questions about the concepts explaining the mindset of entrepreneurial individuals and the management of entrepreneurial firms as introduced in the lecture. They will also answer questions about basic definitions of specific types of entrepreneurship and entrepreneurial behavior.

Exam Repetition

There is a possibility to take the exam in the following semester.

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