Entrepreneurship laboratory

Higher Education Entrance Qualification.

For exchange students from NLA’s partner institutions: The students must be studying business administration or a related field of study.

After completing the course, the student has the following learning outcomes:

Knowledge

The student has:

• insight into and understanding of how the start-up of new businesses and the establishment of new business areas in existing businesses can take place
• knowledge and understanding of financing new businesses
• understanding of revenues and expenses that are relevant to new businesses in different contexts
• knowledge of methods for identifying opportunities and gaps in markets
• knowledge of methods to critically evaluate new business ideas
• knowledge of H.N. Hauge's motivations and practices in the establishment of new businesses and their relevance for the present
• knowledge of the nature of the economy, culture and entrepreneurship ecosystem in emerging economies compared to developed.

Skills

The student:

• can formulate a business plan for the start-up of a new business or the start-up of a new business area in an existing company
• has an ability to present and apply relevant theory for the marketing of new businesses for segmentation and targeting of markets, positioning in markets, as well as development of products and services
• has knowledge of opportunities and limitations on new initiatives in international development and growth
• can use at least one template / method for developing a business plan
• can present business ideas using presentation tools in a short and concise manner (pitch)

General competence

The student has:

• an understanding of ethical aspects of start-up and ethical dilemmas in entrepreneurship and innovation processes
• an understanding of personal challenges that entrepreneurs face as they develop new businesses

The following mandatory learning activities must be approved before students can present themselves for final assessment:

• 80% attendance in class
• Group assignment, Development of a business plan including strategies for implementation. 

Should a student fail the assignment, he/she will be given a second opportunity, in the same academic term, to hand in an improved assessment.

Exam in two parts: 

• Group exam: Deliver a business plan of a new business or a new business area in an existing business based on the work requirement. 
• 2-hour individual digital home examination

A single individual grade is given based on an overall assesment.