BMGT43480 Entrepreneurship: Theoretical and Empirical Foundations

Academic Year 2023/2024

The module focuses on theory building and empirical testing of the factors shaping the identification, evaluation, and development of opportunities. The aim of module is to provide you with an advanced understanding of the individual-opportunity nexus framework that explains the different parts of the field of entrepreneurship – the opportunities, the people who pursue them, the skills and strategies used to organise and develop opportunities, and the environmental conditions favourable to them. Students will be exposed to a synthesis of the body of thought on entrepreneurship through lectures, assigned readings, as well as case illustrations.

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Curricular information is subject to change

What will I learn?

Learning Outcomes:

On completion of this module students should be able to:
1. Demonstrate an advanced understanding of the field of innovation-based entrepreneurship in the context of frameworks that draw together the disparate strands of the field.
2. Apply theories to the rigorous identification, development and exploitation of new opportunities.
3. Understand how external, psychological and environmental forces influence the formation of new ventures.
4. Develop policies and programs for accelerating innovation driven entrepreneurship
and social progress in regions.
5. Communicate and present all ideas in a scholarly manner (i.e. through the use of academic writing conventions).

Indicative Module Content:

Historical evolution of the field of entrepreneurship
Sources and forms of opportunities
Entrepreneurial decision making and the price system
Discovery of opportunities
Venture opportunity screening
Valuation of opportunities
Industry differences and the decision to exploit
Investment considerations
University technology transfer
Regional entrepreneurial ecosystems