New Venture Creation (UWS)

The opportunity to identify and evaluate new business ideas/business models, and to reflect on what it takes to generate and develop a new business.

Module Overview

Designed to encourage a high level of experiential learning, this module engages students in the practical and creative process of new venture formation. It requires students to take a holistic view of their current studies, and also their past business experience, to identify a scalable business idea and produce a feasible business plan. While there is a strong practical emphasis to the module this is supported by reference to key theoretical themes in areas such as accounting, marketing and economics. The module provides a platform for students to work in groups, develop negotiation and presentation skills, and demonstrate their creativity.

Module Award

At the end of this module the student will be able to:
L1. Develop a critical capability to generate, recognise, assess and articulate new venture opportunities.
L2. Research, review and collect information required for completion of a feasibility study and business plan.
L3. Critically analyse market and financial information to produce a fiscally robust and market aware feasible business plan.
L4. Communicate and present a feasible business model in verbal and written form.

What will you study

This module will provide students with the opportunity to identify and evaluate new business ideas/business models. Students will reflect on what it takes to generate and develop up a new business. Students will consider the skills and networks required to gain support for new business ideas.

Designed to encourage a high level of experiential learning, this module engages students in the practical and creative process of new venture formation. It requires students to take a holistic view of their current studies and past business experience to identify a scalable business idea.

A strong theoretical underpinning of the practical issues facing entrepreneurs will form the foundation of the module and students are expected to make important connections between key disciplines such as: marketing, finance, financial planning, human resources, the host country’s legal environment and basic research methods.

Module Assessment

Assessment consists of:
A written Business plan worth 80 per cent of the total mark, and
A presentation of the Business Plan worth 20 per cent of the total mark.

Course fees

Please contact us regarding fees