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Entrepreneurship

Module WI000984

This Module is offered by Associate Professorship of Entrepreneurial Behavior (Prof. Breugst).

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

WI000984 is a semester module in English language at Master’s level which is offered in winter semester.

This Module is included in the following catalogues within the study programs in physics.

  • Catalogue of soft-skill courses
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 equipped 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,
- 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

After the module students will be able to (i) define entrepreneurship and explain its role for the economy and society, (ii) understand basic psychological and cognitive processes in entrepreneurial action, (iii) explain the basics and important concepts of entrepreneurial decision making, (iv) analyze the role of human and social capital of entrepreneurs, (v) understand the consequences of entrepreneurial failure, (vi) describe growth models and growth paths of young ventures, (vii) explain the purpose and elements of a business plan, (viii) understand the importance of entrepreneurial action for the success of existing firms (corporate entrepreneurship), (ix) explain the advantages and disadvantages of strategic alliances, and (x) describe special forms of entrepreneurship (social and sustainability entrepreneurship).

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. They will also answer questions about basic definitions of specific types of entrepreneurship and entrepreneurial behavior. Thus, it is ensured that the students are able to understand important theoretical concepts, such as basic psychological and cognitive processes in entrepreneurial action, the principle of business plans, strategic alliances, or special forms of entrepreneurship, and are able to remember them without any additives. The exam is in the form of multiple choice questions.

Exam Repetition

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

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