Credits: 3
Lecture Hours: 48
Course Objective:
The purpose of the course is to prepare students for the possibility of starting their own entrepreneurial ventures. This course also delineates students on various aspects of social enterprises. The course emphasizes on improving the skills of the students to identify venture opportunities and prepare a business plan.
Course Description:
The course contains overview of entrepreneurship, creativity, innovation and social entrepreneurship, legal issues and environment for the entrepreneurship development, new venture identification and selection, preparation of business plan with business model canvas, and institutional support to entrepreneurship development.
Course Details:
Unit 1: Overview of Entrepreneurship LH 6
Entrepreneurship and entrepreneur: concept, features of entrepreneurship, functions, and type of entrepreneur. Role of entrepreneurship in Nepalese economy with reference to self-employment. Role of technology in entrepreneurship. Case discussion.
Unit 2: Creativity, Innovation and Social entrepreneurship LH 12
Creativity: components of creativity, creativity techniques, factors influencing creativity.
Innovation: incremental versus disruptive innovation, sources of innovation, and the process of social Innovation: prompts, inspirations and diagnoses, proposals and ideas, prototyping and pilots, sustaining, scaling and diffusion and systemic change. Social entrepreneurship: concept, characteristics and approaches, sustainability of social enterprise-funding and management; Impact and performance-of social enterprise. Linking creativity, innovation, and social entrepreneurship. Case discussion
Unit 3: Legal Issues and Environment for the Entrepreneurship Development LH 5
Legal structures: sole proprietorship, partnership, company, trusts; Intellectual property: patents, trademarks, industrial design, copy right, trade secrets; other legal issues: licenses, trade practices, taxation, licensing, product safety and liability, Insurance and contracts. Economic, legal, socio cultural, political environment for developing entrepreneurship. Eco-efficiency; Ecopreneurship; Risk associated with entrepreneurship development. Case discussion
Unit 4: New Venture Identification and Selection LH 10
Business opportunity identification: Sources and methods of generating new ideas. Selection of the best idea. Feasibility studies: Site selection, factors affecting site selection. Business
description: background, purpose and objectives. Marketing component: Overall market, specific market competitive factors. Macro environment influence (structural change and cyclical change). Marketing strategy and sales forecasts. Financial component: Start-up costs, financial requirement. Source of funds. Projected profit and loss statement. Projected cash flow statement and analysis of projected balance sheet. Development and production: Production process and technology, resource requirement and quality assurance. Organization and management: Key personnel resources, human resource management strategy. Case discussion.
Unit 5: Business Model Canvas and Preparation of Business Plan LH 10
Business model canvas: concept, business model canvas verses lean canvas, Business Plan:
concept and benefits of the business plan, elements of business plan, different types of plan.
Preparation of the sample business plan by using business model canvas.
Unit 6: Institutional Support to Entrepreneurship Development LH 5
Role of Government in promoting entrepreneurship incentive, subsides and grants. Export
oriented units-Fiscal and Tax concession, role of financial institutes in the entrepreneurship
development in Nepal. Introduction to Entrepreneurship Development Projects in Nepal with
reference to IED, MEDEP and ELAM. (MEDEP,-ELAM).Case discussion.
Reference Books:
Michael SCHAPER,(2011). Entrepreneurship and small business, 3rd Asia Pacific Edition, Wiley India (p) Ltd.
Dollinger, Marc. J (2003) Entrepreneurship: Strategies and Resources. New Delhi: Pearson
Education.
Hisrich, Robert D. and Peter, Michael P. and Shepherd, D.A. (2007) Entrepreneurship. New Delhi: TaTa McGraw Hill.
Khanka, S.S. (1999) Entrepreneurship Development. New Delhi: S. Chand & Co.
Schwartz,Beverly (2012), Rippling: How Social Entrepreneurs Spread Innovation Throughout the World, Jossey Bass.
Prahalad, C.K. (2006) The Fortune at the Bottom of the Pyramid, Wharton school Publishing.
Murray, R. Caulier-Grice, S and M. Geoff (2010). The Open Book of Social Innovation, The Young Foundations.
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