Module details for Starting a Business

Description

This module introduces students the skills and knowledge needed to launch a small business successfully. This module defines and helps students acquire the personal and professional skills needed in order to develop a professional career and/or to succeed as entrepreneurs in Small and Medium sized Enterprises (SMEs).

Aims

The aim of this module is to provide students with the opportunity to: 1. To raise awareness of self-employment as a career option. 2. Understand and analyse the role of the entrepreneur in the process of business start-up and development. 3. Develop and practice the skills necessary to operate effectively as entrepreneurs in the small business sector.

Learning Outcomes

By the end of this module the student should be able to:

1.  Review the skills and qualities they possess and how these relate to the skills and qualities associated with successful entrepreneurs;

2.  Understand the skills and approaches the entrepreneur brings to the process of value creation;

3.  Produce a simple business plan which demonstrates the commercial viability of a proposed small business start-up;

Indicative Content

1 Understanding entrepreneurship

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2 Generating successful business ideas

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3 Environmental scanning

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4 Developing a credible business plan that includes evaluating business ideas

Assessing risk and uncertainty; identifying potential customers, markets and market segments; assessing operations, USP and competition; price vs quality & profits.

5 Presenting the business idea

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Teaching and Learning Work Loads

For session 2020/21 the expectation is that the teaching and learning hours stated in this descriptor will form a mix of synchronous and asynchronous student/staff activity, with the majority of this being online. The exact pattern of this activity is likely to vary from the standard face-to-face hours listed below but the overall student effort remains the same. Up-to-date information on the delivery of the module can be found on the relevant module MLS site and on your student timetable.

Teaching and Learning Method Hours
Lecture 14
Tutorial/Seminar 0
Practical Activity 28
Assessment 67
Independent 91
Total 200



Guidance notes

SCQF Level - The Scottish Credit and Qualifications Framework provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Credit Value – The total value of SCQF credits for the module. 20 credits are the equivalent of 10 ECTS credits. A full-time student should normally register for 60 SCQF credits per semester.


Disclaimer

We make every effort to ensure that the information on our website is accurate but it is possible that some changes may occur prior to the academic year of entry. The modules listed in this catalogue are offered subject to availability during academic year 2020/21 , and may be subject to change for future years.