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Module Title:
Creating a Winning Business 1
Module Code:
MN5W50
Module Leader:
Dr. Chahid Fourali
Session: 2022-2023
Teaching period: Spring
London Metropolitan University | Tower Building | 166–220 Holloway Road | London N7 8DB
Switchboard: +44 (0)20 7423 0000 | londonmet.ac.uk
London Metropolitan University is a limited company registered in England and Wales with registered number 974438 and VAT registered number GB 447 2190 51. Our registered office is at 166–
220 Holloway Road, London N7 8DB. London Metropolitan University is an exempt charity under the Charities Act 2011. Its registration number with HMRC is X6880.
Welcome to Creating a Winning Business
1. Teaching team..........................................................................................................3
Module Syllabus/Content......................................................................................5
7. Module specification...............................................................................................13
2
1. Teaching team
3
2. Module Summary and Description
Why do some companies succeed while others fail? Are some business ideas
fundamentally better than others? How can you tell which ideas and/or solutions
are worth investing time and money in and which are not?
The foundation of the module is a client brief where you will develop your own
solutions leading to a presentation and designing a consultancy type. At each
stage you will learn the concepts covered in the module by applying them to the
brief.
This module will be delivered through weekly lecture/seminars. The sessions will
consist of a combination of theoretical input and problem-based tasks, supported
by multimedia, including videos, case studies and student-centred discussions.
You absolutely need to attend regularly each week to keep up.
The module is relevant for anyone engaged in business. Those considering starting
their own business, working for an SME or taking on an intrapreneurial role within a
large organisation will find application and a plethora of take-aways.
LO1: To demonstrate creativity by applying the Business Model Canvas technique against client
briefs from the SME sector to test viability of concepts and present the initial results in a short video
assuming the role of a consultant to the business
LO2: To demonstrate in a Business Workbook and in-depth evaluation of the client brief business
idea having comprehensively applied the Business Model Canvas technique,
LO3 To explain the outcome of reflective learning during the module in terms of self-development and
future employability.
Module Syllabus/Content
The syllabus examines creativity techniques; the Business Model Canvas approach to
testing the potential viability of a business idea and the importance of self-reflection to
improving your business skills and potential employability.
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3. Indicative weekly teaching programme
The indicative weekly programme shows the topic likely to be covered in each teaching week,
please note that the precise order can change. Check your Weblearn module for up to date
information.
To view the time, date and location of class see your personal timetable available at
https://student.londonmet.ac.uk/timetable
Please note that sessions may be adjusted based on received advice.
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Teaching Topic / Preparation Seminar topics
Week
Beginning on
Week 1 26 September Introduction to module, entrepreneurship and assignments. Intro by each students
Address queries about the module based on the
Read “Why the Lean Start-up Changes Everything” – Intro session
introductory article. Find link in the Reading section of Intro about “Clarifying your purpose” (see
Weblearn Piloting your purpose document).
Week 2 3 October Importance of innovation and entrepreneurship for SMEs; The shopping list challenge
for on-going business success Focus on generating your own business idea
Work-placements and how to select them Use slide 16 of determining your purpose
Vanessa Airth, Narada Oates (combining passion and impact)
Week 3 10 October Introduction to the importance of creativity and its Explore the BMC approach
application in the real world Select a business idea and practice using it.
The Business Model Canvas (BMC) – developing business If you have selected a business-placement
ideas then produce a BMC to explain its business
model.
Week 4 17 October Live Client Brief (assignment 1) – Handed out and explained - Address queries about the brief
Developing the BMC Value Proposition & identify main (assignment 1)
assumptions for testing - Encourage students to download and read
by next week “Talking to Humans” booklet
on Weblearn.
- Read/address the questions for “Street
Food Now” (see week 3 Weblearn) then
London Metropolitan University | Tower Building | 166–220 Holloway Road | London N7 8DB
Switchboard: +44 (0)20 7423 0000 | londonmet.ac.uk
London Metropolitan University is a limited company registered in England and Wales with registered number 974438 and VAT registered number GB 447 2190 51. Our registered office is at 166–220 Holloway Road, London N7 8DB. London Metropolitan University is an exempt charity under the
Charities Act 2011. Its registration number with HMRC is X6880.
Teaching Topic / Preparation Seminar topics
Week
Beginning on
read/address questions on the second part.
- If any time left, students should complete
first draft of BMC started on week 3
Week 5 24 October Presentation skills Present the pitch.
Examine Accelerator’s pitch videos. Students work on draft of pitch video script
Work on preparing the pitch for the seminar session. Work on improving the BMC.
Week 6 31 October Enhancement week (no lecture/seminars) Enhancement week (no lecture/seminars)
Week 7 7 November - Problem identification and problem solving Individual Advice & Feedback on video
scripts for assignment 1
(Analogs and antilogs)
Work on their business pitch video
- Further testing of Value proposition
Week 8 14 November Introduction to Assignment 2 (the workbook) Consider the requirements of the workbook
and address queries.
Critically review an example (but do not make
it available to avoid plagiarism of reflective
questions)
Week 9 21 November Testing feedback and competition. Innocent Drinks case study
Assignment 1: Individually Recorded Presentation to be
submitted using the link on Turnitin by 3 p.m. on Friday
25th November
Week 10 28 November Digital marketing Techniques Review SOSTAC model (see Weblearn) in
General feedback on Assignment 1, in class. the light of the work placement
Further Advice & Feedback on Assignment 1
2
Teaching Topic / Preparation Seminar topics
Week
Beginning on
Week 11 5 December Introduction to Entrepreneurial Finance and legal status Work on Assignment 2
alternatives
To pass the module you must achieve an overall minimum mark of 40%. If you pass the module on re-assessment,
the component you resit will be capped at a pass mark level of 40%
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Information on entrepreneurship
You will find a lot of useful information and advice on start-ups at the University’s
Accelerator website – the link is: https://accelerator-london.com/
Whether it’s for a business, a social project, a creative experience or anything else you can
imagine, we want to know about it! Share in £30,000 worth of cash and other prizes up for
grabs!
The competition is open to all London Met students, graduates and staff, and our 3
competition categories – Creative, Commercial & Social Impact – mean that you can enter
any type of idea, whether it’s a killer new business, a mind-blowing creative experience, or a
worthwhile social project. The ideas you can enter are limited only by your imagination!
Run by our Accelerator, Launchpad is London Met’s flagship business start-up programme.
Delivered in one-day sprints over 12 intensive weeks from June to September, it gives
passionate early stage entrepreneurs the knowledge, tools and support needed to fast track an
idea into a viable startup venture.
Starting a business is a great way to take control of your future, to be your own boss, and
importantly, to do something you love. It can however be a costly, intimidating and confusing
process in which there are no guarantees of success.
Module Reading:
Blundel, R., Lockett, N., Wang, C. (2018), Exploring Entrepreneurship, Second Edition,
Sage Publishing
Drucker, P. (1982), The changing world of the executive, New York, Times Books
London Metropolitan University | Tower Building | 166–220 Holloway Road | London N7 8DB
Switchboard: +44 (0)20 7423 0000 | londonmet.ac.uk
London Metropolitan University is a limited company registered in England and Wales with registered number 974438 and VAT registered number GB 447 2190 51. Our registered office is at 166–
220 Holloway Road, London N7 8DB. London Metropolitan University is an exempt charity under the Charities Act 2011. Its registration number with HMRC is X6880.
Gibbs, G. (1988), Learning by Doing: A Guide to Teaching and Learning Methods, London,
UK: Further Education Unit
2
4. Attendance and Absence
Academic integrity requires honesty in your studies. You should not present another person’s
sentences or ideas as your own work. You should clearly identify quotations through the use
of quotation marks and references to the sources. Failure to adhere to these academic
standards may lead to allegations of Academic Misconduct, which will be investigated by the
Student Casework Office.
For full details of Academic Misconduct and how allegations are investigated, see the
relevant section of the University’s academic regulations:
https://student.londonmet.ac.uk/your-studies/student-administration/rules-and-regulations/
academic-misconduct/.
3
6. Assessment
All assessments are designed to support your learning and help you develop a deeper
understanding of the topics covered in your module.
4
7. Module specification
A summary of the specifications can be found at the following link:
Creating a Winning Business
Please note that the requirements have slightly changed since their design.
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8 The University has a policy that undergraduate students must, take a Work Based Learning (WBL)
module i.e. a module which requires them to directly experience and operate in the real world of
work and to reflect on that episode in order to identify skill and knowledge areas that they need to
develop for their career.
This module challenges students to be creative in identifying a new business opportunity and in
examining the viability of all aspects of the idea in the real-world context e.g.
As a result of client brief and feedback, business concepts and/or ideas will develop over the
duration of the module.
The QAA Benchmark on Business and Management (2019) emphasises the attribute of
“entrepreneurship” and of “the value of real-world learning”. In terms of promoting work
related skills, the module specifically focuses on practical techniques for responding to client
briefs in evaluating and developing business ideas and so develops creative yet practical thinking.
In addition, it requires students to examine market potential and prepare a presentation of their
findings assuming the role of a business consultant. The module requires a high level of self-
reliance to explore the business idea based on a client brief. Students develop an understanding of
the role of business start-ups, business growth and development.
These skills and techniques are of practical relevance to anyone considering developing a
business, working for a Small or Medium sized Enterprise (SME) or taking on an intrapreneurial
role within a larger organisation where the business environment is constantly evolving and
producing new challenges and opportunities.
LO1: To demonstrate creativity by applying the Business Model Canvas technique against client
briefs from the SME sector to test viability of concepts and present the initial results in a short
video assuming the role of a consultant to the business
LO2: To demonstrate in a Business Workbook and in-depth evaluation of the client brief business
idea having comprehensively applied the Business Model Canvas technique,
LO3 To explain the outcome of reflective learning during the module in terms of self-development
and future employability.
6
• The Business Model Canvas technique to assess and LO1 LO2 LO3
develop new business ideas LO2
• The importance of testing ideas in the real world and
assessing customer reaction LO1 LO2
• Work with real client briefs from the SME sector
• Introduction to entrepreneurial finance and legal status LO1 LO2
options and
• Digital Marketing Techniques LO2
• Presentation skills LO2
LO1, LO2
TEXTS
Blundel, R., Lockett, N., Wang, C. (2018), Exploring Entrepreneurship, Second Edition, Sage
Publishing
Priestley D, (2018), Entrepreneur Revolution : How to Develop your Entrepreneurial Mindset and
start a Business that works, Capstone
Drucker, P. (1982), The changing world of the executive, New York, Times Books
Gibbs, G. (1988), Learning by Doing: A Guide to Teaching and Learning Methods, London, UK:
Further Education Unit
--------------------------
Blundel, R. & Lockett, N. (2011), Exploring Entrepreneurship: Practices & Perspectives, Sage
Publishing (old edition of core text – can be available for purchase at low cost, on the internet)
12 What is the balance of independent study and scheduled teaching activity within the module, the
approach to blended learning and the opportunities for reflective learning/PDP?
Guided independent study (50 hours) for this module is essential. For the student to achieve a
high grade, it is essential that each week, some 2 to 3 hours is devoted to the task of examining
and working in response to a client brief and preparing for a professional presentation assuming
the role of a consultant (40 hours)
The module programme indicates clearly what the student is expected to do and achieve at certain
“milestones” during the course. Scheduled learning and teaching and assessment preparation
takes place in weekly Lectures and Seminars – incorporating full class teaching, provision of
client briefs, small group discussion/reflection and individual advice/support.
As this is a Work Based Learning, there is a strong emphasis on reflective learning to develop
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personal skills for career opportunities.
NOTE: 1 credit = 10 hours’ learning (i.e. 30 credits should total 300 hours)
Method Description Learning
hours
Scheduled Learning & Teaching Lecture /Seminars 36
Guided independent study 50
Assessment preparation/delivery Supporting SMEs / Client Briefs 40
Placement/study abroad 24
TOTAL LEARNING HOURS FOR THE MODULE 150
13 Description of assessment items.
The assessments are designed to test the module learning outcomes and client feedback will form
an integral part of the marking for Assessment 2.
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questions you have
derived.