Entrepreneurship Development and Project Management Notes
Subject Overview
This general elective builds entrepreneurial competencies and project management skills — the entrepreneurial mindset, women/
Subject at a glance
4
Units
37
Topics
4
Credits
4
Infographics
Unit-wise Syllabus
4 units — open any unit for detailed topic-wise notes, diagrams and important exam questions
- Concept
- characteristics and functions of an entrepreneur
- entrepreneur vs manager
- types of entrepreneurs
- entrepreneurial mindset and readiness
- myths and realities
- entrepreneurship vs intrapreneurship
- women entrepreneurs
- rural and social entrepreneurship
- entrepreneurial support systems and government's role
Entrepreneur
Yes, personally
Independence and profit
Manager
No
Salary and career
Intrapreneur
Partly, within the firm
Innovation inside an organisation
Study guide
This unit covers the concept, characteristics and functions of an entrepreneur, entrepreneur versus manager, types, mindset, myths, intrapreneurship, women, rural and social entrepreneurship and support systems. Interview a local entrepreneur to compare theory with practice.
- Entrepreneurial motivation concept and theories
- generating and exploiting new entry opportunities
- risk reduction strategies
- creativity and business idea generation
- sources and methods of generating new ideas
- entrepreneurial innovation
- opportunity recognition and assessment
- product planning and development
- 1Generate ideas
Brainstorming, problems, trends
- 2Screen ideas
Quick feasibility
- 3Assess opportunity
Market, timing, resources
- 4Develop the product
- 5Test and launch
Study guide
You study entrepreneurial motivation theories, new entry opportunities, risk reduction, creativity, idea sources, innovation, opportunity recognition and product planning. Practise screening ideas with simple criteria.
- IPR
- patents
- trademarks
- copyrights
- licensing
- product safety and other legal issues in setting up an organization
- concept and value of a business plan
- writing and implementing the plan
- succession planning and exit strategies
- reasons for business plan and venture failure
Patent
Invention
Trademark
Brand name, logo
Copyright
Software, content
Licensing
Earn from others using your IP
Contracts and NDAs
Protect trade secrets
Study guide
You study IPR, patents, trademarks, copyrights, licensing, product safety, business plans, succession planning, exit strategies and reasons for venture failure. Write a short business plan.
- Concept
- facets and key issues of project management
- generation and screening of project ideas
- market/technical/financial project analysis
- investment criteria and risk analysis
- project financing including venture capital
- project planning and control
- PERT and CPM network techniques
- post-audit project review
- 1
Idea generation and screening
- 2
Feasibility analysis
Market, technical, financial
- 3
Appraisal and financing
- 4
Planning and scheduling
PERT, CPM
- 5
Implementation and control
- 6
Post-audit review
Study guide
You study project management: generating and screening ideas, market, technical and financial analysis, investment criteria, risk analysis, project financing including venture capital, planning and control, PERT and CPM and post-audit review. Practise a simple project appraisal and a network diagram.
Why Entrepreneurship Development and Project Management Matters
These skills support starting your own enterprise and managing projects, which are valued in management, consulting and startup careers.
How to Prepare for Entrepreneurship Development and Project Management
- Prepare a business plan and a project appraisal for a real idea.
- Practise PERT and CPM problems.
- Learn the types of IPR and when each applies.
Entrepreneurship Development and Project Management: Frequently Asked Questions
What is intrapreneurship?
Intrapreneurship is acting like an entrepreneur inside an existing organisation by driving new ideas and ventures.