New Venture Creation, 7.5 Credits

Contents

The course aims to provide students with the opportunity to experience the journey of creating a new venture in teams. The course integrates theoretical knowledge with the practical application of new venture creation. During the course, students will create and evaluate new ventures. Following the recent developments in theory, a design approach is used to create and assess new ventures in interaction with different stakeholders. The course is given and examined in English.

Expected learning outcomes

Expected learning outcomes

• evaluate theories of new venture creation,
• create and assess new venture ideas,
• assess consequences of choices made in new ventures considering ethical, sustainability, and technological aspects
• critically reflect upon the individual's and the group's ability to create new ventures in interaction with stakeholders,
• communicate central concepts for the course in English, both orally and in writing

Required Knowledge

90 credits within the filed of Business Administration or Science and Technology.

Proficiency in English equivalent to Swedish upper secondary course English B or the equivalent.

Form of instruction

Learning is supported by lectures where readings and lectures are meant to complement each other. Students will work in teams in ideation bootcamps and workshop formats and are expected and are expected to participate in full during these days. The team's work will be presented in writing and orally.

Examination modes

Examination consists of an individual written learning journal, a written report and presentation conducted in a group. Attendance at group activities is mandatory and thus a requirement to pass the course. A passing grade is required for each part of the module. The course is given and examined in English.

The following grading system is used:

Pass with distinction (Väl godkänd, VG, 75% or more),
Pass (Godkänd, G, 50% or more)
and Fail (Underkänd U, less than 50%).

Grades on the course are awarded when the student has passed all examinations and compulsory course elements. The course is given and examined in English.
To receive the grade Pass with distinction (VG) in the 30 credits course consisting of four modules of the same size, the student must have achieved Pass with distinction (VG) in at least three out of four modules. In shorter courses for example 7,5 credit courses, 15 credit courses or 22,5 credits courses Pass with distinction (VG) is given when the student has achieved at least 75% of the total weighted points.

A student who does not pass at the time of the written examination will be offered an opportunity to sit a further examination within two months. Beyond that, additional examination opportunities normally arise every academic year, one week prior to the start of the autumn term. If required by specific circumstances, the Director of Studies may decide on other forms of examination.

In case of failure on seminar participation or individual and group assignments, compensating assignments must be completed in accordance with instructions given, no later than two weeks after the completion of the module. Mandatory assignments (seminars, written assignments, cases, computer assignments etc.) that have not been handed in within stipulated time must be done the next time the course is offered. If the form of examination does not permit repetition other forms of re-examination may be used.

When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the director of studies no later than two weeks before the next examination opportunity. A student who has passed an examination can not redo the examination to get a higher grade.
If a student fails to present a photo ID at the occasion of a written exam in an exam room will not be allowed to take the exam.

Disciplinary action may be taken against students who uses unauthorized help aids or in some other way tries to mislead on a test or when another type of task is being evaluated. Rules and regulations concerning the production of academic texts and correct referencing will be applicable to all written assignments. (see instructions in the thesis manual, Thesis Writing in Business Administration). Urkund records may be used for control. In addtion, Umeå University rules and regulations  for education and research applies.

Educational activities are designed to facilitate students towards achieving expected learning outcomes and can explain, supplement and provide contrast to the course literature and other relevant course materials.

Other regulations

Academic credit transfer is done in accordance with the University credit transfer regulations.

This course can not be used in the same degree as other courses with the same content. In case of uncertainty, please contact your study advisor.

Can not be used with 2fe419 in the same degree.