Entrepreneurship

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MGT 105 (Credit hours 3)

BBA, Third Year, Sixth Semester

Course Objectives:

This course aims to provide fundamental concepts of Entrepreneurship and deals with issues related to the establishment, development, and management of a small enterprise. It provides students with real world examples and practical hands on exercises, and provides practical guidelines for developing a business plan to lunch and run a successful business.

Course Contents:

1. Overview of Entrepreneurship                                                                        7 hours

Nature of development of entrepreneurship, definition of entrepreneurship and entrepreneur, Role of entrepreneurship in economic development: entrepreneurship, entrepreneurship, Family business and succession strategies, sources of business idea, the entrepreneurial decision process, types of start-ups, the fundamental issues in entrepreneurship

2.  The Entrepreneurial and Intrapreneurial Mind                                                9 hours

The entrepreneurial process: identify and evaluate the opportunity, develop a business plan, determine the resources required, manage the enterprise, managerial versus entrepreneurial decision making: strategic orientation, commitment to opportunity, commitment of resources, control of resources, management structure, entrepreneurial venturing inside a corporation, causes for interest in intrapreneurship, climate for entrepreneurship, intrapreneurial leadership characteristics

3.  The Environment for Entrepreneurship                                                          7 hours

The context of entrepreneurship, government policies, infrastructures, and assistance for entrepreneurship, international opportunities for entrepreneurs: small business venturing exporting, networking, franchising, and strategic alliances, e- entrepreneurship, e-commerce challenges and strategic, websites assistance for entrepreneurs ethics and social responsibility

4.  Creativity and Business Idea                                                                          6 hours

Nature of creative process, role of creativity, sources of new ideas-consumers, existing companies, distribution channels, R & D techniques of idea generation, Business incubation: concept, importance, methods

5.  Business Development plan for a new venture                                               9 hours

Defining the business plan, scope and value of the business plan; structure and components of business plan, measuring plan progress, updating a plan reasons for the failure of some businesses

6.  Managing Early Growth and Challenges                                                         10 hours

Managing the early growth of the new venture: to grow or not to grow, dimensions and strategies for expansion and growth, challenges and opportunities of global expansion, economic implications of growth, hitting the growth wall, financial strategies to support growth, organizational changes during growth, entrepreneurial skills and strategies: record keeping and financial controls, inventory control, human resources, marketing skills, strategic planning skills

Text Books:

1. Hisrich, Robert D. and Michael P. Peters: Entrepreneurship.
2. Furatko, Donald F. and Harold P. Welch: Strategic Entrepreneurial Growth, Harcourt Publishers: New York.
3. Agrawal, G.R Entrepreneurship and Small Business Management in Nepal, M.K Publisher, Kathmandu, 2005