Learn how new ideas become successful ventures.
Duration: 8 weeks
In MBA 559 Entrepreneurship, you will examine new venture management and learn the ins and outs of establishing a successful enterprise. Entrepreneurship has liberated human energy and is now the world’s largest transformational force. You will consider the strategies, habits, attitudes, and behaviors that work for entrepreneurs who build higher-potential ventures. Companies such as Google have risen from garage ventures to multifaceted international powerhouses. You will apply the Timmons model framework for the entrepreneurial process to understand how these companies have been able to achieve economic, environmental, and social goals while preserving the same opportunity for future generations. You will also gain insight into how the Timmons’ principles and methodologies can be applied to clean commerce —companies in the business of energy conservation and independence, pollution control, green materials and construction, and saving the environment of the planet.
Ethics and integrity can be thorny issues for an entrepreneur and you will understand why and how to navigate “grey area” situations. The Timmons model will come into play once again as you examine how to gain control over and minimize resources. You will delve into entrepreneurial finance issues, such as determining capital requirements, the free cash flow format, and developing financial and fund-raising strategies. You will examine finance sources such as informal angel equity and venture capital, and how venture capital investors evaluate deals.
What You Will Learn in MBA 559
You will examine the criteria that successful entrepreneurs, angels, and venture capital investors prefer when evaluating potential ventures. You will then apply that criteria and other screening methods to learn how to determine whether your ideas are potential opportunities. A framework also exists for social entrepreneurship, and you will understand how it’s used to help identify and execute opportunities with important societal outcomes and benefits. Of course, any new venture requires a detailed business plan and you will learn the intricacies of compiling this necessary document. You will also view the role of leadership and how “leader” is a more accurate term than “manager” in an entrepreneurial venture.
You will submit a written post which addresses why business leaders believe ethics can and should be taught and that also discusses the controversies surrounding the teaching of ethics.
The family business makes an economic contribution to communities and countries worldwide. You will evaluate the different roles families play in the entrepreneurial process, including a model to assess a family's relative mind-set for enterprising.
Throughout this course, weekly topics may include but are not limited to:
- The Entrepreneurial Mind
- The Entrepreneurial Process
- The Opportunity
- The Business Plan and the Entrepreneurial Leader
- Ethics and Resources
- Financing and Growth Capital
- The Family as Entrepreneur
- Finalizing the Plan
Course Learning Outcomes
Upon successful completion of MBA 559, you will be able to:
- Develop an understanding of entrepreneurship and the entrepreneurial process.
- Assess the feasibility of new business concepts and ideas.
- Develop skills in new business venture management including opportunity recognition, market assessment, and financial planning.
- Identify resources and skills needed to grow a new venture business.
- Analyze various exit strategies for new business ventures.
- Create business plans for development and financing of new business ventures.
Request More Information Today
To learn more about the online Master of Business Administration curriculum from Benedictine University, including Entrepreneurship, call (866) 295-3104 to speak with a program manager or request more information.
Course content and outcomes may vary and are subject to change without notice.