Content:

The lecture as a mandatory part of the module "Entrepreneurship" introduces the basic concepts of entrepreneurship. It introduces important concepts and empirical facts related to the conception and implementation of newly founded companies, with a focus on methods for generating innovative business ideas, translating patents into business concepts, and general principles of business modeling and business planning. In particular, approaches such as Lean-Startup and Effectuation as well as concepts for financing young companies are covered.

Part of each lecture is a "KIT Entrepreneurship Talk", in which experienced founders and entrepreneurs report on their experiences in the practice of founding a company.

Learning Objectives:

Students will be introduced to the topic of entrepreneurship. After successful attendance of the course, they should have an overview of the sub-areas of entrepreneurship and be able to understand basic concepts of entrepreneurship and apply key concepts.

Workload:

• Total workload for 3 credit points: approx. 90 hours.
• Attendance time: 30 hours
• Preparation and wrap-up of the course: 45 hours
• Exam and exam preparation: 15 hours

Examination:

The assessment of success takes place in the form of a written examination (60 min.) (according to §4(2), 1 SPO). The grade is the grade of the written exam. A grade bonus can be earned through successful participation in a case study in the Entrepreneurship lecture. If the grade of the written exam is between 4.0 and 1.3, the bonus improves the grade by up to 0.3 or 0.4. The bonus only applies if you have passed the exam with at least a 4.0. More details will be provided in the lecture. Participation in the case study is optional.

Exam date: TBD., tentatively 06/22/2023, 6:00 p.m. - 7:10 p.m.

Lecture language: English

References:

Füglistaller, Urs, Müller, Christoph and Volery, Thierry (2008): EntrepreneurshipRies, Eric (2011): The Lean StartupOsterwalder, Alexander (2010): Business Model GenerationAulet, Bill (2013): Disciplined Entrepreneurship. 24 Steps to a Successful Startup. Hoboken: Wiley.R.C. Dorf, T.H. Byers: Technology Ventures - From Idea to Enterprise., (McGraw Hill 2008)Hisrich, Robert D.; Ramadani, Veland (2017): Effective entrepreneurial management. Strategy, planning, risk management, and organization. Cham, Switzerland: Springer.