NBS8033 : Business Enterprise for Postgraduate Students
- Offered for Year: 2017/18
- Module Leader(s): Mr Leigh Sear
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
The aims of the module are:
a) To enable students to participate in the setting up and running of a real business.
b) To facilitate students to develop entrepreneurial abilities and skills.
c) To enable students to apply prior knowledge in a real life business setting.
d) To develop student awareness of working in relation to self-employment and small business creation.
In this module, students will gain first hand experience of initiating, setting up and managing a new business venture. The module is ultimately designed to improve student employability and to widen career choice. Emphasis is placed upon the development of business skills, occupational awareness of new venture start up, self-employment and the small business sector.
In teams, students will endeavour to originate, plan and manage an enterprise effectively within relevant legislation and regulations, involving the development of systems and procedures for operating the enterprise and their implementation in practice. Individually, students shall identify and evaluate their own skill development and learning in relation to set criteria.
In addition to formal lectures and seminars facilitated by academic members of staff, advice and support will be available from external business advisors. In Semester I, if resources are available, students shall also take part in a voluntary team-building event.
The module is supported by the national Graduate (Young Enterprise) Programme that provides a mechanism for the student companies to register, trade and liquidate within a negotiated legal & tax framework. The Programme also provides insurance.
The cost of registration to student companies is currently £100 per company.
Outline Of Syllabus
Lecture – L, Workshop – W, Seminar – S, Presentations – P:
L1: Introduction to Business Enterprise (2hrs)
W1: Ice Breaker session and building a team (2hrs)
W2: Ideas Generation & Creative Thinking and company formation (2hrs)
Teambuilding Day (8hrs)
W3: Making the most of your mentor and effective networking (2hrs)
W4:International Trade & Culture (2hrs)
W5: Commercial awareness and business planning & finance (2hrs)
W6: YOMP business simulation (2hrs)
W7: Selling & presentation pitches (2hrs)
W8: Intellectual Property & Trading Legally (2hrs)
W9: Marketing (2hrs)
P1: Business Plan Presentations (assessed 2hrs)
W10: Maintaining motivation (2 hrs)
W11: PR workshop (2hrs)
S1 & 2: Business development seminars (1hr each)
W12: Managing operations and book keeping (2 hrs)
W13: Liquidation & Lifelong Enterprise (2hrs)
S1 & 2: Business development seminars (1hr each)
P2: Company Report Presentations (assessed 2hrs)
|Scheduled Learning And Teaching Activities||Lecture||24||2:00||48:00||N/A|
|Scheduled Learning And Teaching Activities||Practical||1||8:00||8:00||Teambuilding|
|Scheduled Learning And Teaching Activities||Fieldwork||1||120:00||120:00||N/A|
|Guided Independent Study||Student-led group activity||2||2:00||4:00||N/A|
|Guided Independent Study||Independent study||1||20:00||20:00||N/A|
Teaching Rationale And Relationship
The companies originated by the student teams are not part of a simulation and it is expected that following development in semester 1, the companies will trade for the minimum of semester 2. The nature of the module therefore requires students to demonstrate a high level of initiative and resourcefulness, appropriate to student graduate status. To support this approach a wide range of teaching methods are employed, including mentoring guidance from local entrepreneurs and tutors, and seminars led by external experts.
The format of resits will be determined by the Board of Examiners
|Design/Creative proj||1||M||20||Group Business plan and presentation|
|Design/Creative proj||2||M||10||Group company report and presentation|
|Report||2||M||70||Individual 4000 word report|
Assessment Rationale And Relationship
In the assessments students shall demonstrate understanding of their own development through participating in the module, and of the requirements for new venture start up and survival.
* The preparation by the company of a viable Business Plan and associated Presentation to business mentors, advisors and tutors [K1, K3].
* The preparation and delivery by the company of a company presentation to shareholders, advisors and tutors. This will include a review of the company’s press and publicity as well as an analysis of the contribution of their mentor [S2, S4].
* 4000 word Report in which students will reflect upon their experiences of developing and operating a business and evaluate them using the literature [K2, S1, S3].