Objectives and competences
The course Entrepreneurial Process enables students to gain an in-depth understanding of entrepreneurial processes and their impact on economic growth, as well as the development of skills for identifying and leveraging entrepreneurial opportunities. Students develop competencies for independent research in entrepreneurship, critical analysis of business opportunities, and practical engagement in entrepreneurial activities, with an emphasis on ethical decision-making and social responsibility.
Content (Syllabus outline)
1. The model of entrepreneurship process
2. The role of the opportunity and its discovery
3. Entrepreneurial personality and motives
4. Interdependence of entrepreneurship and economic growth
5. Feasibility analysis
6. Developing an effective business model
7. Industry and competitor analysis
8. Resource acquisition and impacts of the environment
9. Assessing a new venture’s financial strength and viability
10. Building a new venture team and networks
11. Getting financing or funding
12. Managing and growing an entrepreneurial firm
13. Seminars and methodological work on selected research problems
Learning and teaching methods
Learning and teaching methods:
- Interactive lectures with case analysis and group discussion.
- Workshops and practical exercises based on case studies and real-life scenarios.
- Seminars on working with databases in the computer lab and developing analytical skills.
- Independent research and critical study of materials.
- Practice of communication skills through presentations and company discussions.
- Addressing ethics and social responsibility through case studies.
- Addressing ethics and social responsibility through case studies.
Intended learning outcomes - knowledge and understanding
Students in this course will:
1. Critically assess and deeply understand the entrepreneurial process and its impact on economic growth, utilizing advanced analytical methods. (PILO 2a)
2. Systematically identify, analyse, and exploit entrepreneurial opportunities by integrating theoretical knowledge and practical examples. (PILO 1a, PILO 2a)
3. Develop the ability to evaluate entrepreneurial strategies and the performance of economies at an international level using advanced research methods and global data. (PILO 2b, PILO 2c)
4. Master methodologies for independent research in entrepreneurship, including critical analysis and synthesis of relevant information. (PILO 3a)
5. Effectively communicate entrepreneurial ideas, strategies, and solutions. (PILO 3b)
6. Apply acquired theoretical knowledge for practical engagement and solving specific entrepreneurial challenges. (PILO 3c)
7. Develop skills for independent work and leadership in solving short tasks in teams, improving communication and collaborative abilities. (PILO 3c)
8. Plan, execute, and evaluate business models and strategies, using modern tools and techniques for testing and implementation. (PILO 2a, PILO 3a)
9. Develop and demonstrate ethical decision-making and a commitment to social responsibility in entrepreneurial initiatives. (PILO 4a)
10. Learn to critically evaluate the sustainable and social impact of entrepreneurial initiatives. (PILO 4b)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
Students in this course will:
1. Critically assess and deeply understand the entrepreneurial process and its impact on economic growth, utilizing advanced analytical methods. (PILO 2a)
2. Systematically identify, analyse, and exploit entrepreneurial opportunities by integrating theoretical knowledge and practical examples. (PILO 1a, PILO 2a)
3. Develop the ability to evaluate entrepreneurial strategies and the performance of economies at an international level using advanced research methods and global data. (PILO 2b, PILO 2c)
4. Master methodologies for independent research in entrepreneurship, including critical analysis and synthesis of relevant information. (PILO 3a)
5. Effectively communicate entrepreneurial ideas, strategies, and solutions. (PILO 3b)
6. Apply acquired theoretical knowledge for practical engagement and solving specific entrepreneurial challenges. (PILO 3c)
7. Develop skills for independent work and leadership in solving short tasks in teams, improving communication and collaborative abilities. (PILO 3c)
8. Plan, execute, and evaluate business models and strategies, using modern tools and techniques for testing and implementation. (PILO 2a, PILO 3a)
9. Develop and demonstrate ethical decision-making and a commitment to social responsibility in entrepreneurial initiatives. (PILO 4a)
10. Learn to critically evaluate the sustainable and social impact of entrepreneurial initiatives. (PILO 4b)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Obvezna literatura:
• MOČNIK, Dijana, ŠIREC, Karin. Podjetništvo: skripta, 1. izdaja: [e-knjiga]. Maribor: Ekonomsko-poslovna fakulteta, 2022. 1 spletni vir (1 datoteka PDF (225 str.)), ilustr. http://ipmmp.um.si/raziskovalna-dejavnost/publikacije/. [COBISS.SI-ID 105885187]
• Antončič, B. in soavtorji (2022). Podjetništvo. (Učbenik v pripravi).
Dodatna študijska literature (Additonal textbooks):
Izbrana poglavja in teme iz (Selected chapters or parts of chapters):
• Burns, P. (2016). Entrepreneurship and Small Business; Start-up, Growth and Maturity. New York: Palgrave Macmillan Education, 4th edition.
• Rebernik, M., Širec, K. (2017): Ekonomika podjetja. 5. izdaja, GV Založba, Ljubljana, str. 117 – 144.
• Global Entrepreneurship Monitor ter Slovenski podjetniški observatorij, zadnja izdaja, dostopno na spletnih straneh Inštituta za podjetništvo in management malih podjetij http://ipmmp.um.si/
Nielsen, S.L., Klyver, K., Rostgard, M., Bager, T. (2017): Entrepreneurship in Theory and Practice, Edward Elgar, 2nd ed.
(Opomba: Navedeni viri se podrobneje selekcionirajo na predavanjih / The listed papers and chapters will be selectively discussed at the lectures)
Teme za seminarsko delo bodo dodeljene na predavanjih./Topics for seminar work will be delivered in the classroom.
Študenti bodo spoznali tudi praktično delo s podjetniškimi podatkovnimi bazami. / Students will also get introduced to practical work with entrepreneurship databases.
Additional information on implementation and assessment • Written exam or ongoing assessment with colloquia
• Reports
• Seminar assignment
Written exam or ongoing assessment with colloquia - a written exam or two colloquia covering all the main subject areas. The student must achieve 56% of the maximum marks in both colloquia to pass.
Reports - involves E-Scan and participation in two entrepreneurial debates with a summary of key issues.
Seminar assignment - writing an individual seminar paper, analysing the GEM database using SPSS and applying the required statistical
