MODULE ADDITIONAL ASSESSMENT DETAILS
1 – An INDIVIDUAL BUSINESS IDEA REPORT (300 words) weighted at 15% (LO 1)
2 – An 1hr EXAM with questions based around a Case study weighted at 15% (LO 2 & 3)
3 – A BUSINESS PLAN (1500 words) weighted at 50% and supported by a 20 minutes PRESENTATION weighted at 20% (LO 4 & 5) - Final Assessment
MODULE INDICATIVE CONTENT
Description
This course is an introductory course in Entrepreneurship and Innovation. The course aims to expose undergraduate students of various academic backgrounds of business venturing and entrepreneurial activity. Students will apply themselves through developing their own business ideas and assessing them using knowledge and skills acquired during the course in a form of a business plan.
Content
Theories on behind entrepreneurship: Entrepreneurship; Innovation and Creativity; Importance of innovation and creativity; Who is an entrepreneur; practical steps to develop oneself to be an entrepreneur; Innovative idea generation; developing business idea and creativity.
Business Knowledge on basic business areas needed in the development of business idea and plan: Accounting and Finance; Marketing, organisational and operations management.
Ecosystem of starting up a new business: Legal process; Professional training and development; Financial and sources of capital; and Infrastructure.
Applied aspects of entrepreneurship and innovation: Business idea generation and evaluation; designing of an individual business plan with the specific standards/requirements.
Others: The three (3) Required seminar-workshops or extra-curricular activities on creativity and innovation to “Encourage”; “Empower” and “Excel” in entrepreneurship.
MODULE LEARNING STRATEGIES
The offering is a mandatory course for all new students who will join Gulf College from academic year 2016- 2017. Further, 3 to 4 contact hours per week is recommended with a number of students that would not exceed to 25/class. The contact hours will be 48 hours.
Learning and teaching strategies includes lectures, discussion or cooperative learning; seminars; case studies and industrial trips.
These strategies may include hosting guest lecturers/professionals or successful entrepreneurs.
Learning support material will be provided for the module.
The lecture / tutorial pattern may vary with some activities taking place in medium sized workshop groups.
MODULE RESOURCES
National Portals: eOman, MOHE, ITA
Business Library, eJournals, sample business plans, case studies
The college website
Doing Business in Oman, Oman Chamber of Commerce and Industry, http://www.chamberoman.com
MODULE SPECIAL ADMISSIONS REQUIREMENTS
NONE
MODULE TEXTS
Burns, P. (2011) Entrepreneurship and Small Business-start-up, growth& maturity, 3rd edition, Palgrave. ISBN 978-0-230-24780-2
MODULE LEARNING OUTCOMES
1. DEVELOP SOME BASIC SKILLS, UNDERSTANDING AND APPRECIATION OF ENTREPRENEURSHIP AND BUSINESS VENTURING.
(Knowledge & Understanding)
2. DEVELOP A CLEAR APPRECIATION OF INNOVATION AND ENTREPRENEURSHIP AND THEIR IMPORTANCE ON THE ECONOMY;
(Learning; Knowledge & understanding)
3. IDENTIFY THE SUPPORT SYSTEMS AVAILABLE TO NEW BUSINESS VENTURES.
(Knowledge & Understanding; Learning)
4. ARTICULATE AND WRITE UP A BASIC BUSINESS PLAN.
(Communication; Application)
5. APPRECIATE THE BENEFITS AND RISKS INVOLVED IN STARTING UP A NEW BUSINESS.
(Learning; Application)