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Curriculum
BSBA Courses
MGT 430: Introduction to Entrepreneurship (The Start-Up Game)
This course covers the life dynamics surrounding the early stages of starting a business. Based upon a series of "experiential simulations," students will be involved in both individual and team competitive gamesmanship situations that replicate real world start-up environments. Students will learn to identify characteristics of promising start-up industry environments and markets; to understand the process of early stage company formation and some of the options open to founders; to understand some of the team dynamics and behaviors that might occur in a startup and to have some fun. Prerequisites: junior or senior standing with priority given to seniors and permission of instructor.
MGT 424: Business Planning for New Enterprises (The Hatchery)
Working in teams of three to four students, a business plan for a new business idea or a business seeking expansion will be written. Students work on ideas of their own, or those of an outside entrepreneur. Students present and defend the plan to the entrepreneur (where applicable) and to the Hatchery Advisory Board at the end of the semester. Prerequisite: BSBAs with junior standing.
MBA/PMBA Core Courses:
A concentration track in entrepreneurship may be followed by completing 9 semester credit hours, 4.5 hours of which must be in the following courses:
MGT 500T: Social Entrepreneurship
This course is about using entrepreneurial skills to craft innovative solutions to lead and fund efforts to resolve social needs. Entrepreneurs are particularly good at recognizing opportunities, exploring innovative approaches, mobilizing resources, managing risks, and building viable enterprises. These skills are just as valuable and essential in the ´independent´ social sector as they are in the ´private´ business sector. While entrepreneurship can be broadly defined as any innovative effort that brings new processes, approaches, and solutions to bear on opportunities and problems; this course focuses more specifically on the opportunity to create innovative ´earned income´ revenue solutions to funding mission based social organizations. Additionally, while social entrepreneurship can conceptually apply to both for-profit and not-for-profit models, this course is focused on the not-for-profit organizational form, which is seeking to create social value and fully leverage its not-for-profit tax status. This course will be co-sponsored and co-taught by the George Warren Brown School of Social Work and the Olin Business School as an innovative approach to blend cross-discipline competencies to help solve the social issues of our world.
MGT 500U: The Basics of BioEntrepreneurship
The Basics of Bio-Entrepreneurship investigates issues and decisions that inventor/scientists encounter when they are considering the application and commercialization of early stage scientific discoveries. This course is intended for anyone interested in working in the life sciences industry as a chief scientist, entrepreneur, manager, consultant, or investor. It focuses on the issues and decisions that researchers typically face when considering how a discovery might be moved from a university laboratory to actual use.
MGT 521: Introduction to Entrepreneurship (The Start-Up Game)
This course provides an overview of the scope of knowledge and activities needed for entrepreneurship, and introduces a framework for identifying and developing ideas into high growth ventures. The structure of the course follows the evolutionary process of a new venture: idea assessment, forming the entrepreneurial organization, entrepreneurial finance and transitioning to the high growth enterprise. The course is designed for students who are interested in understanding entrepreneurship, forming companies or investing in startup ventures. Even if the student is not interested in starting a venture of his or her own, understanding the entrepreneurial process will enhance productivity even in large organizations. This course is strongly recommended for students interested in participating in the Hatchery, since it provides an opportunity to conduct a feasibility analysis of the idea and to form a team to pursue the idea further in the Hatchery. Students may not receive credit for both this course and MGT 514A.
MGT 524: Business Planning for New Enterprises
In the "Olin Hatchery" course, students write a business plan and present it to a panel of investors and venture capitalists. Students may work on ideas of their own or those of an outside entrepreneur. Students may work in teams of up to four students. Students working on their own idea must get written permission of the instructor in order to enroll. Most of the work will be done independently. There will be several workshops on various aspects of writing a business plan: venture capital, marketing, and communication and presentation skills. These seminars will be taught by practitioners and faculty. In addition, each team will also be assigned a mentor from the business community. Students will be required to meet with the instructor at regular intervals for progress reports and consultation. Grades in the class will be based on the quality of the business plan analysis and the written and oral presentations. The class is open to sophomore (permission of instructor required), junior and senior BSBAs and first and second year MBAs.
FIN 531: Venture Capital and Private Equity
Private equity funds are an important source of financing for new ventures and buyouts of established companies. Asymmetric information and the need for monitoring and control are among the reasons private equity has evolved as a substitute for other financing sources, such as bank loans and public debt and equity issues. This course will discuss how private equity funds are raised and structured and how private equity investors 1) analyze investment opportunities, 2) interact with the managements of the companies they finance, and 3) exit investments. Students will be expected to have some proficiency in financial valuation. Prerequisite: completion of at least one of the following: FIN 523, FIN 549F, FIN 523B, Financial Statement Analysis or consent of the instructor.
EMBA Courses
MGT 719A, MGT 919H: Entrepreneurship
Examines the concept of entrepreneurship as both a set of personal behaviors that can be implemented in creating and sustaining new business ventures as a sole proprietor or as an effective leader inside an established corporation. Also reviews the whole set of issues inherent in any entrepreneurial area. Analyzes problems and considerations involved in establishing, planning, organizing, and operating new business ventures.
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