Module title: New Venture Planning

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: ENT11101
Module leader: Martin Gannon
School The Business School
Subject area group: Entrepreneurship and Innovation
Prerequisites

There are no pre-requisites for this module to be added

2019/0, Trimester 2, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Martin Gannon
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
The Centre for Entrepreneurship strategy is one of offering learning for and through entrepreneurship. This involves students utilising the academic models and frameworks and applying them to practical business scenarios. Extensive use will be made of case studies, simulation games, guest speakers and local context to enrich the students learning.

Full-time: Class contact hours will include both lecture input and discussion, the use of case study examples and exercises designed to encourage students to relate material to their own business idea. Students are encouraged to identify key skills areas and relate these to their own personal and professional development throughout the module.

Workshops will develop learning around the entrepreneur (e.g. start up roles) and business (e.g. idea generation techniques) components that compose a start-up (LO1). Subsequent learning examines the resources, marketing and financial aspects of the start-up process and require the student to create their business plan using this knowledge (LO2). Finally, the students develop their written business plan (LO3).


Formative Assessment:
Formative assessment will be via short, interim presentations during the length of the module, giving student feedback towards the completion of their final plan

Summative Assessment:
Assessment is via a presentation and a final business plan

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 12
Face To Face Practical classes and workshops 12
Independent Learning Guided independent study 176
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Oral Presentation 30 2,3 5 HOURS= 0.25, WORDS= 0
Report 70 1,2, 3, 4 12 HOURS= 0, WORDS= 4500
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100
2019/0, Trimester 3, BLENDED,
Occurrence: 001
Primary mode of delivery: BLENDED
Location of delivery: CRAIGLOCKHAR
Partner:
Member of staff responsible for delivering module: Martin Gannon
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
This bootcamp for start-up business will be delivered over three days as an intensive learning experience. It consists of a Start-up Saturday, and a Business Bootcamp the following Saturday and Sunday. It takes a blended teaching approach (workshop / lecture / class and online). It uses a cloud-based tool, SimVenture Validate, that allows students to login from anywhere where an internet connection is available, to record and guide students to build a business portfolio. Lecturers and tutors monitor, manage and mentor remotely or in-class.

LO1: Examine the elements of business and social enterprise start up

LO1 will be covered on day one. Pre-reading is required. “Start-up Saturday” will allow students to explore real business and social enterprise ideas of participants against the backdrop of theories of entrepreneurship and business start-up. It will cover
• things to know;
• include a “live” success story;
• a marketing taster;
• a visions and goals.

Students will create a Business Model Canvas by the end of the session and receive formative feedback on their idea.

LO2: Justify a comprehensive understanding of the key elements of the business planning process

LO2 will be covered in the Business Bootcamp run on the second and final days for the module. Pre-reading and market research is required to successfully engage. There will be several short lectures on each building block element of business start-up, followed by activities to populate and generate an online business model canvas portfolio using the SimVenture Validate software (https://simventure.com/validate/).

LO3: Exercise appropriate judgement in the effective communication of the business idea and business model

LO3 is evidenced by the summative assessment task. Students produce a final business model canvas portfolio in the Validate tool.


Formative Assessment:
Students will create a Business Model Canvas (on paper) by the end of the session and receive formative feedback on their idea as modelled on the canvas.

Summative Assessment:
Students will produce a complete portfolio of evidence that can be used to develop any social or for-profit idea in a structured and highly visual manner.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Practical classes and workshops 18.45
Independent Learning Guided independent study 81.55
Total Study Hours100
Expected Total Study Hours for Module100


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 100 1,2,3 9 , WORDS= 2500
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Description of module content:

Description of module content:

The module covers the following:
The importance of new businesses to a thriving economy
Entrepreneurial thinking and aspirations
Entrepreneurial role models
The business planning process
Idea generation / development / evaluation
Market identification including exposure to market players
Researching the resources required including equipment, people, funding
Segmentation / positioning & differentiation / targeting
Developing the marketing Mix (7 P’s),
Financial planning leading to development of financial statements and realistic related assumptions
Growth aspirations of entrepreneurs

Learning Outcomes for module:

LO1: Examine the elements of business &social enterprise start up
LO2: Justify a comprehensive understanding of the key elements of the business planning process
LO3: Exercise appropriate judgement in the effective communication of the business idea and business model

Indicative References and Reading List - URL:
ENT11101: New Venture Planning