Metropolitan State University

ENTR 490 : Challenges and Choices in Entrepreneurship and Innovation

A. Course Description
Credits: 4
Prerequisites: FIN 390 Principles of Finance AND
MGMT 310 Management Principles and Practices AND
MKTG 300 Marketing Principles

OR

ENTR 300 Interdisciplinary Business Skills and Knowledge for Non-Business Majors  
Lab Hours/ Weeks: Corequisites: None
Lecture Hours/ Week :  
MnTC Goals: None
 
This course prepares students to start, manage and grow a new business venture. A business idea will be evaluated, as well as the process to transform the idea in a new business. Different aspects of managing and growing a new business will be examined, assisting students to make educated decisions to solidify the business.
B. Course Effective Dates: 05/05/2016 - 05/04/2017 05/05/2017 - Present
C. Outline of Major Content Areas:
See Course Description for major content areas.
D. Learning Outcomes (General)
  1. Identify a business opportunity and generate a business venture idea.
  2. Evaluate a business idea, and create a business model thought the development of a feasibility plan analyzing aspects of the: market opportunity, industry, value proposition, target market; competitive analysis, financial and profitability).
  3. Explore the different legal forms and requirements of a new business venture.
  4. Evaluate how to develop a managerial team to lead the organization.
  5. Identify the different opportunities for financing the new business venture.
  6. Evaluate the challenges of growing a new business venture, including but not limited to the unique market issues of a new business venture.
E. Learning Outcomes (MN Transfer Curriculum)
This contains no goal areas.
G. Special Information
Note: Course is a requirement for the Entrepreneurship and Innovation Major and Minor, a major elective for Business Administration, and can be taken as the capstone for Organizational Administration.