AØKA08179U Entrepreneurship

Volume 2013/2014
MSc in Economics
The course is structured in Four Parts covering two weeks of full time work as follows, and an individual oral exam:

Part One: Kick off seminar, comprising lectures on innovation, entrepreneurship and rapid prototyping as well as group formation and various group exercises, will provide the students with the appropriate academic framework as well as providing for experiential learning experiences and other group exercises. Part One will set the stage for the innovation challenge, which the students will take on in teams of three to five students each. Duration: Four days.

Part Two: The students will work in teams on the practices of identifying value generating ventures, select among alternative solutions through rapid prototyping and develop group findings. Students may draw on assistance and guidance based on a constrained resource-and-supply model. Students will also receive instruction and practice in preparing and executing “elevator pitch” –type presentations. Duration: Five days.

Part Three: Each team of students will get a chance to present their results to a panel comprising academics and practitioners. Practitioners will represent financing providers such as venture capitalists as well as experienced entrepreneurs and advisors. Projects will be assessed according to potential for value creation, resource requirements, likelihood of success and risk factors. Duration: One day.

Part Four: During Part Four each student will independently produce a two page write up on their experience and insights gained from the course based on the course literature, the kick off in Part One, the group work in Part Two and the pitch presentations in Part Three. Duration: Two Days.
Learning Outcome
In many entrepreneurial processes - in enterprise as well as start up settings - a key task for decision makers is to select among different mutually exclusive options in terms of value generation potential, business model, needs covered and technologies under time, information and resource constraints. Rapid prototyping is often used as an effective means of testing new ideas, to ensure timely and economically efficient feedback, eliminate low value added solutions and to execute on tested assumptions. The aim of the course is to provide students with opportunities to work in small teams using experiential learning techniques and rapid prototyping to experience firsthand the cycle from idea to deliverable within severe time and resource constraints, and thus for students to be better prepared to contribute to innovation processes and entrepreneurial activity.
Focus will be on creativity, idea generation, project prioritization and value creation.

Required reading: (later editions will be accepted)


  1. Gear Up, Your Best Business Idea Ever” Thomas Kosnik et. al., http:/​/​www.gearupventures.com/​index.html


  1. “What I Wish I Knew When I Was 20: A Crash Course on Making Your Place in the Work”, Tina Seelig, HarperCollins 2009 http:/​/​www.amazon.co.uk/​What-Wish-Knew-When-Was/​dp/​0062047418/​ref=pd_bxgy_b_img_y


  1. “Getting to Plan B; Breaking Through to a Better Business Model”, John Mullins and Randy Komisar, Harvard Business Press 2009 http:/​/​www.amazon.co.uk/​Getting-Plan-Breaking-Through-Business/​dp/​1422126692/​ref=sr_1_1?s=books&ie=UTF8&qid=1359653845&sr=1-1



  1. “Good Capitalism, Bad Capitalism” Baumol et. al., Yale University Press; 1 edition, May 22, 2007, or later editions http:/​/​www.amazon.co.uk/​Good-Capitalism-Economics-Growth-Prosperity/​dp/​0300158327/​ref=sr_1_1?s=books&ie=UTF8&qid=1359653924&sr=1-1


  1. “Entrepreneurship & Innovation”, Peter F. Drucker, BH 2007 http:/​/​www.amazon.co.uk/​Innovation-Entrepreneurship-Classic-Drucker-Collection/​dp/​0750685085/​ref=cm_cr_pr_product_top


  1. InGenius: A Crash Course on Creativity” Tina Seelig, Hay House 2012 http:/​/​www.amazon.co.uk/​dp/​1781800030/​ref=rdr_ext_tmb


In addition to the required reading, students will receive e-copies of extensive course notes designed exclusively for this course.

The student must actively participate in class, contribute to the group project and take part in the oral presentation as a prerequisite for submitting the exam paper.
Bachelor degree from accredited institution
The course will incorporate a mixture of teaching methodologies incorporating lectures, group exercises and group as well as limited individual counseling and guidance. Although most of the work will be performed in groups, students will be graded on an individual basis according to their contributions through the preparation and submission of write ups and upon an individual oral exam.
  • Category
  • Hours
  • Exam
  • 1
  • Lectures
  • 80
  • Preparation
  • 125
  • Total
  • 206
7,5 ECTS
Type of assessment
Written assignment
Pass/fail based on exam paper.
Exam registration requirements
Active participation in class, in the group project, and in the presentation of the group project is required.
All aids allowed
Marking scale
passed/not passed
Censorship form
No external censorship
Exam period
See the exam plan on http://www.econ.ku.dk/polit/undervisning_og_opgaver/lektionsplanf14/eksamensplans14/ and course website in Absalon.
Same as ordinary (submission of paper).
Criteria for exam assesment
The Student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.