New Business Start-Up

A.Y. 2019/2020
9
Max ECTS
60
Overall hours
SSD
SECS-P/08
Language
English
Learning objectives
Launching a new business is a highly uncertain process. It starts with the discovery of an opportunity and unfolds through the development of a business model to exploit that opportunity. This course is meant to introduce students with theory, techniques and practice entrepreneurs can apply for managing the complexity of starting up a new business. The basic steps required to plan, start and run a new business will be covered. By applying a "learning by doing" approach and working on real cases, students will analyze opportunity identification, set a value proposition, collect evidence to validate their assumptions, and orchestrate all the needed resources to exploit a business opportunity. Traditional lectures will be combined with a strong link to the entrepreneurship eco-systems, to train students on how to develop a business plan. Students will also have the opportunity to take part of seminars, speeches from "insiders", public pitch sessions, crowdfunding campaigns.
Expected learning outcomes
By the end of the course, students will learn how to perform the distinct business planning activities throughout the steps of an entrepreneurial process. By applying agile working, lean business planning, tools for market and competitor analysis, trend-watching and data crunching, students will be able to understand how to create value for customers and investors, as well as for the other stakeholders involved. Moreover, they will acquire knowledge and skills to evaluate the potential of business initiatives, while managing risks and uncertainty and preventing failure. By working in teams, students will also develop collaborative attitudes, as well as self-assessment skills.
Single course

This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.

Course syllabus and organization

Single session

Responsible
Lesson period
First trimester
Course syllabus
Goals:
the objective of "New Business start-up" is to introduce students into the entrepreneurship subject, based on theory and technical issues, but also with a strong link to the real start-up environment through seminars, speeches from "insider", public pitch sessions, crowdfunding campaign, etc.
The class will be empowered during the course thanks to the implementation of a "business game": building a full business plan.
This task will help to know, through the implementation of group projects, the functioning of the start-up, its needs, problems and relative solutions, etc.
The skills that the course will develop: agile working, collaboration challenge, scaling a tech-startup, how to prevent failure, the innovation challenge, market analysis, competitor analysis, trendwatching, value creation, lean startup, disrupting the market, power of innovation, leadership, business model, the apprentice assessment, lean pricing, alternative finance opportunities, business hacking, how to prevent legal mistakes, data crunching, profiling module, crowdfunding, entrepreneurship, hiring and firing, exploiting the incentives for the sector, how to prepare to the future market competition.

Expected learning outcomes:
self-assessment skills (realizing the possess of qualities and characteristics for being a meaningful entrepreneur; an impactful social entrepreneur; a family business successor and innovator), ability to work in teams, market and competitor analysis, psycho-aptitude self-assessment (leadership, approach to innovation, ability to aggregate resources and find alternative solutions). Students will not all be likely startuppers but they will acquire the ability to evaluate any business reality in which they are involved.
Prerequisites for admission
All first year exams concerning business and economic subjects.
Teaching methods
Lectures, testimonials, videos, group work, individual task, articles, etc.
Teaching Resources
For non-attending students
- New Venture Creation: Entrepreneurship for the 21st Century, 10th Edition 9814577464 · 9789814577465 By Stephen Spinelli, Rob Adams (UK)

Any book that allows to deepen the numerical part of the business plan projections ( income statement, balance sheet, cash flow statement)
Non-binding suggestion:
- Entrepreneurial Finance - Finance and Business Strategies for the Serious Entrepreneur (English Edition). di Steven Rogers, Roza E. Makonnen

For attending students
- Professor's slides and files (Lectures, testimonials, videos, articles, etc.)
- New Venture Creation: Entrepreneurship for the 21st Century, 10th Edition 9814577464 · 9789814577465 By Stephen Spinelli, Rob Adams (UK)
Assessment methods and Criteria
For non-attending students there will be an oral examination based on the books.
At least one question for the oral exam will be aimed at verifying the knowledge of the structure of the business plan for the numerical part (income statement, balance sheet, cash flow).

For attending students
The exam will be a based on a weighted average with three elements:
- written test - 50% - (individual work)
- a full business plan - 35% - (group work)
- a research or a specific task related to the subject - 15% - (individual work)
SECS-P/08 - MANAGEMENT - University credits: 9
Lessons: 60 hours
Professor: Arcari Marco
Shifts:
-
Professor: Arcari Marco
Professor(s)