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MN 415: Entrepreneurship (03 credits: 45 hours: 15 weeks) 1. Course Description The field of entrepreneurship is experiencing incredible rate of growth globally !eople of all ages" background" and nationality are launching businesses of their own and" in the process" are reshaping the global econo#y $ntrepreneurs are disco%ering that the natural ad%antages that result fro# their co#panies& si'e(speed" agility" flexibility" sensiti%ity to consu#ers& need" creati%ity" a spirit of inno%ation" and #any other gi%e the# the ability to co#pete successfully with co#panies #any ti#e their si'e and that ha%e budget to #atch The purpose of this course is to open your #ind to the possibilities" the challenges" and the reward of owning your own business and to pro%ide the tool you will need to be successful if you choose the path of the entrepreneur )n this tenth edition" Effective Small Business Management: *n Entrepreneur approach has stood the test of ti#e by bringing to you the #aterial you will need to launch and #anage a s#all business successful in hotly co#petiti%e en%iron#ent This book teaches you the right way launch and #anage a s#all business with the staying power to succeed and grow *nd Business Model You; A One-Page Method for Reinventing Your areer this book is based on the +usiness ,odel -an%as #ethodology" which has .uickly e#erged as the world/s leading business #odel description and inno%ation techni.ue Mar!et Buster; "# strategic moves that drive e$ceptional %usiness gro&th it robust #ethods to identify new growth opportunities Management; Eleventh Edition throughout this book" students will see and experience #anage#ent in action" helping the# understand how the concepts they&re reading about work in today&s business world and last book Operations 'o&; Suppl( hain profita%ilit( and performance introduces operations fro# ad%antage point that enco#passes both the entire organi'ation and the broader supply network . !b"ective *fter the course the students will be able to: 0nderstand the role of entrepreneurs in the econo#y )dentify the traits of successful entrepreneurs Think about whether they #ight want to be an entrepreneur 1earn the ways entrepreneurs fund their businesses $%aluate the trade(off between risk and reward for entrepreneurs 0nderstand about #anage#ent in action 0nderstand about growth opportunities of +usiness *naly'e creati%ely brainstor# any business or product idea 0nderstand about operation in 2#all +usiness #. Course !ut$ine and %chedu$e &eek Course !ut$ine 'esources (ours 1 Chapter 1: )undamenta$s Concept o* Entrepreneur 3hat )s $ntrepreneurship4 3hat ,akes 2o#eone an $ntrepreneur4 5ow to 2pot $ntrepreneurial 6pportunities The +enefits of 6wning a 2#all +usiness The !otential 7rawbacks of $ntrepreneurship The -ultural 7i%ersity of $ntrepreneurship 8o )t *lone or Tea# 0p4 7ecisions and 7ownfalls ,ain Text +ook: -hapter 1 !age 1 ( 39 # (ours &orkshop on Entrepreneurship # (ours # Chapter : !pportunities +na$ysis :i%e force #odel ;i%alry a#ong co#panies co#peting in the industry +argaining power of suppliers to the industry +argaining power of buyers Threat of <ew $ntrants to )ndustry Threat of substitute products or ser%ices -onsu#ption chain analysis ,ain Text +ook -hapter 9 !age 191 = 193 ,arket +uster -hapter > # (ours 5ow to construct consu#ption chain 7e%eloping a consu#ption chain !$2T1$ *nalysis !olitical forces $cono#ic factors 2ocio(cultural factors Technological factors 1egal factor $n%iron#ental i#pacts !age 15 = 3? 2trategic ,anage#ent !age 40 =@3 4 Chapter #: ,usiness Mode$ and )easibi$ity +na$ysis +usiness #odel can%as -usto#er seg#ent Aalue pro%ided -hannels -usto#er relationship ;e%enue strea# Bey resources Bey acti%ities Bey partner -osts structure -onducting a :easibility *nalysis )ndustry and #arket feasibility analysis !roduct or ser%ice feasibility analysis :inancial feasibility analysis +usiness ,odel Cou -hapter > !age >5 = 51 ,ain Text +ook -hapter 9 !age 15? = 19@ # (ours 5 ,usiness -dea and Consu$tant # (ours . Chapter 4: E$ements o* ,usiness /$an $xecuti%e su##ary Aision and #ission state#ent )ndustry profile and o%er%iew +usiness strategy -o#pany products and ser%ices ,arketing strategy 1ocation and layout -o#petitor analysis ,ain +ook -hapter 9 !age 1D@ = 1?0 # (ours 7escription of #anage#ent tea# !lan of operation :inancial forecasts *ppendices 0 Chapter 5: %trategic Management +uilding a -o#petiti%e *d%antage The 2trategic ,anage#ent !rocess Aision and ,ission 2tate#ent -o#pany&s 2trengths and 3eaknesses 6pportunities and threats facing +usiness *naly'e the -o#petition 8oal and 6bEecti%e Bey :actor for success in +usiness Three 2trategic 6ption Translate strategic plans into action plans $stablish accurate controls ,ain +ook -hapter > !age 3@ = 9D # (ours 1 E2amination 1 h #3m 4 13 11 Chapter .: Marketing /$an ,ui$ding a 5uerri$$a Marketing /$an -reating a 8uerrilla ,arketing !lan ,arket 7i%ersity: !inpointing the Target ,arket 7eter#ining -usto#er <eeds and 3ants through ,arket ;esearch 5ow to -onduct #arket ;esearch !lotting a 8uerrilla ,arketing 2trategy: +uilding a -o#petiti%e $dge Creative advertising and promotion 7efine Cour -o#pany&s 0ni.ue 2elling !roposition (02!) -reating a !ro#otional 2trategy 2electing *d%ertising ,edia 5ow to !repare an *d%ertising +udget 5ow to *d%ertising +ig on 2#all +udget /ricing and Credit %trategy ,ain Text +ook: -hapter ?" 10 and 11 !age >9@ = 3@1 0 h #3m 11 1 1# Chapter 0: Creating a %o$id )inancia$ /$an :oundation for financial forecasts !roEect startup capital re.uire#ents :orecast ;e%enues :orecast $xpenses +reak $%en point :orecasted beginning and ending balance sheet -ash :low :orecast :orecasted )nco#e 2tate#ent ,ain Text +ook: -hapter @ !age 1?3 = >30 0 h #3m 14 Chapter 1: Management issue ,anaging in a 8lobal $n%iron#ent ,anaging 7i%ersity ,anaging 2ocial ;esponsibility and $thics ,anaging -hange and )nno%ation ,anage#ent" !art )) !age 9D = 1@5 # (ours 15 Chapter 4: ,usiness !peration 3hy 6peration ,anage#ent4 +usiness 2uccess fro# 6peration 2uccess -o#peting through 6peration Turning ;esources into -apabilities 6peration <ow 0nit 6ne !age > = 11D # (ours 1. Chapter 13: %ME 5ro6th and deve$opment 2taffing and 1eading a 8rowing -o#pany The $ntrepreneur&s ;ole as 1eader 5iring the ;ight $#ployees: -o#pany&s :uture 7epends on it +uilding the ;ight -ulture and 6rgani'ation 2tructure -o##unicating $ffecti%ely The -hallenge of ,oti%ating 3orkers ,ain Text +ook: -hapter 1? !age 935 = 9@> # (ours 10 E2amination h #3m )ina$ /resentation ,usiness /$an 4. Contact hours and teaching methods: MN415 course is full ti#e and nor#ally consists of 45 contact hours o%er the *i*teen76eek period" taking the for# of #4 hours o* $ectures8 . hours o* seminar. The lecture will occupy two hours per week in which all participants for this subEect" the lecturer #ust teach student about concept and how to do it period two hours and tutor help student to practice and apply in the worksheet that pro%ide by 2chool The lecturer #ust be follow on course syllabus" and for exa#inations" worksheet" ho#e .ui' and other #aterials depend on ,ekong 2chool of ,anage#ent 5. 5rading /o$icy Cour course grade will be based on a total of 100 possible points: Total 2cores: 100" !ass score fro# 95 up is satisfied for ,aEor in The 2chool of ,anage#ent < 0 7escription !ercentage 1 -lass !articipation F*ttendance 10 G > 5o#e Hui''es 10 G 3 3orksheet 10G 4 $xa#ination 1 15 G 5 $xa#ination > 15G 9 :inal !resentation +usiness !lan 40 G 9ota$ 133 : Cour final grade will be based on your perfor#ance in worksheet" ho#e .ui''es" class participation exa#s and presentation The :inal !resentation +usiness plan will be prepared and announced the date of presentation by The ,ekong 2chool of ,anage#ent The exa#ination 1 and > will be held in two hour basis and in your regular class during the week D and 1@" the exa#ination 1 and > are depend on lecturer and prepare by 2chool The ho#e .ui' and worksheet will be pro%ide by 2chool The lowest grade will not be considered for the co#putation of your final grade !erfor#ance on these .ui''es" as well as your contributions to daily dialogue in class" will be factored into your class participation grade They will also be used to check class attendance .. Main 9e2t book and 'e*erences Main 9e2t ,ook: <or#an , 2carborough" ;Effective Small Business Management): an Entrepreneurial approach* >01> 10 th ed.. !earson $ducation" )nc" 'e*erences ,ook: Tho#as 3 Ii##erer" <or#an , 2carborough" JEssentials of Entrepreneurship and Small Business ManagementJ" >00D 5 th ed !earson $ducation" )nc" 7onald : Buratko" ;ichard , 5odgettts" J Entrepreneurship: A ontemporar( approachJ" 1??D 4th ed +usiness ,odel CouK * 6ne(!age ,ethod for ;ein%enting Cour -areer" by Ti# -lark" in collaboration with *lexander 6sterwalder and C%es !igneur ,arket +usterK 40 strategic #o%es that dri%e exceptional business growth" ;)T* 80<T5$; ,c8;*T5 )*< - ,ac,)1*<" 5ar%ard +usiness 2chool !ress ,anage#entK $le%enth $dition by 2tephen ! ;6++)<2 and ,ary -601$;" !earson $ducation" )nc 6perations <owK 2upply -hain profitability and perfor#ance by +C;6< L :)<-5" ,ia#i 0ni%ersity 2trategic ,anage#entK Text and -ases M 8regory 8 7ess" 8T 1u#pkin" *lan + $isner " *lan + $isner 3 rd ed ,c8raw 5ill 'eadings: *ll students are expected to read the assigned chapters in the text or any #aterial before class The class schedule and a list of the assigned readings follow the grading policy *s the se#ester progresses" ) will supple#ent #ore handouts that are to be read prior to e%ery class or discussion )f you #iss class" so#e interesting things #ay also slip away 2tudents also ha%e to read and research for their ho#ework or assign#ents !lan yourself and ti#e carefully fro# the %ery beginning of the course before you countering read shocks or frightening