Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 1 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Introduction; Entrepreneurial Perspective Note Computer Room Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Define entrepreneur and entrepreneurship Describe types of entrepreneurial careers and lifestyles Understand entrepreneurs as problem solvers Explain current factors driving the growth of entrepreneurship Compare differences in entrepreneurial opportunities around the globe Define an entrepreneurial vision Develop a vision statement Explain what it means to have an entrepreneurial mindset Describe what is meant by entrepreneurial spirit or passion III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method (minutes) 20 1.1. Entrepreneurship Today; Vision and Goals - Class description - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. The Entrepreneurial Mindset Idem 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises on each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-1 Note Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 2 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Entrepreneurial Journey & Pathways Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Explain the entrepreneurial journey to explore and discover entrepreneurship as a career choice; Identify the steps, decisions, and actions involved in the entrepreneurial journey; Recognize the rewards and risks of the steps in the entrepreneurial journey Understand the nine stages of the entrepreneurial life cycle; Understand how venture opportunities present different pathways to entrepreneurship; Describe methods for finding your personal path to entrepreneurship Identify common frameworks used to shape an entrepreneurial venture; Compare how some frameworks better fit certain venture types Define an action plan and identify tools available for creating an action plan; Describe some common types of entrepreneurs III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Overview of the Entrepreneurial Journey; The - Class description Process of Becoming an Entrepreneur - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Entrepreneurial Pathways; Frameworks to Inform Idem Your Entrepreneurial Path 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship) , Ch-2 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 3 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Ethical and Social Responsibility of Entrepreneurship Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Develop the ability to identify ethical and legal issues; Develop an approach to resolve ethical/legal dilemmas once identified; Define and describe corporate social responsibility (CSR) and social entrepreneurship Identify types of social entrepreneurship ventures, and the key values accompanying them; Describe workplace challenges in an entrepreneurial culture; Distinguish between reactive and proactive approaches to managing ethics; Describe the foundations and framework of an organizational culture of ethical excellence; Define the components of an ethical workplace III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Ethical and Legal Issues in Entrepreneurship - Class description - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Corporate Social Responsibility and Social Idem Entrepreneurship; Developing a Workplace Culture of Ethical Excellence and Accountability 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises on each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-3 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 4 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Creativity, Innovation, and Invention Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes Upon completing these topics, students will be able to: Describe popular, well-supported, creative problem-solving methods; Understand which innovation or problem-solving methods apply best in different settings; Know where to look for emerging innovation practices, research, and tools; Distinguish between creativity, innovation, and invention; Explain the difference between pioneering and incremental innovation, and which processes are best suited to each; Describe and apply the five stages of creativity; Discuss innovation as a system for problem-solving and much more; Outline the sequence of steps in developing an invention; III. Pre-requisite knowledge: Introduction to Management or Junior Standing; IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Tools for Creativity and Innovations - Class description - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Creativity, Innovation, and Invention: The Idem Differences, and How to Develop them 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship) , Ch-4 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 5 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Identifying Entrepreneurial Opportunity Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Define entrepreneurial opportunity; Discuss Joseph Schumpeter’s theories of opportunity; Identify key drivers of opportunity; Describe opportunity screening; Identify common sources of research data; Explain how to research and verify business opportunities; Identify industry and consumer sources of opportunities; Understand the elements of a competitive analysis; Describe tools you can use to refine and focus your planning (three circles, SWOT, PEST) Recognize social media’s role in saving time and money on research; Understand how a business model helps determine the feasibility of an opportunity; III. Pre-requisite knowledge: Intro to Microeconomics; Intro to Macroeconomics IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Entrepreneurial Opportunity - Class description - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Researching Potential Business Opportunities; Idem Competitive Analysis 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-5 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 6 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Problem Solving and Need Recognition Techniques Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes Upon completing these topics, students will be able to: Define problem-solving in the context of entrepreneurship; Describe and compare the adaptive model and the innovative model of problemsolving; Identify the skills entrepreneurs need for effective problem solving; Identify types of problem solvers; Describe the five steps in the creative problem-solving process; Identify and describe common creative problem-solving tools; Explain the design thinking process; Discuss some design thinking tools; Discuss the lean process methodology; Understand the phases of the lean problem-solving process. III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Problem-Solving to Find Entrepreneurial - Class description Solutions; Creative Problem-Solving Process - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Design Thinking; Lean Processes Idem 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-6 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 7 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Telling your entrepreneurial Story and Pitching the Ideas Note Computer Room Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Clarify the vision statement, mission statement, and goals for your enterprise; Define and develop a problem-solution narrative that is compelling; Define and develop a value proposition; Understand the various audiences an entrepreneur may pitch to and how the pitch goals vary for each Define and develop the key elements of a pitch; Describe a pitch deck and pitfalls to avoid; Create and create an elevator pitch; Describe both legal and unconventional tools to keep your ideas safe Understand the importance of feedback and how to manage and use it; Identify resources for locating contests and competitions III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method (minutes) 20 1.1. Clarifying Your Vision, Mission, and Goals; Sharing Your - Class description Entrepreneurial Story - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Developing Pitches for Various Audiences and Goals; Idem Protecting Your Idea and Polishing the Pitch through Feedback; Reality Checks 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises on each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-7 Note Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Semester: Start/End Date: Junior standing/SEB I/2022 February – June 2022 No. 8 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Entrepreneurial Marketing and Sales Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Distinguish between traditional marketing and entrepreneurial marketing; Describe the seven elements of the marketing mix; Distinguish between primary and secondary market research; Define a research goal and the importance of research design; Understand how to choose a sample, and collect and analyze data; Identify common sources for secondary market research; Understand how to identify the target market within the total available market and serviceable available market; Describe effective entrepreneurial marketing techniques Explain the steps in defining and developing a brand; Distinguish between a marketing strategy, a marketing plan, and a pitch; Describe the elements of a marketing plan; Explain the importance of customer service. III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method (minutes) 20 1.1. Entrepreneurial Marketing and the Marketing Mix; Market - Class description Research, Market Opportunity Recognition, and Target Market - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Marketing Techniques and Tools for Entrepreneurs; Idem Entrepreneurial Branding; Marketing Strategies and the Marketing Plan 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-8 Note Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 9 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Entrepreneurial Finance and Accounting Note Computer Room Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Distinguish between financing and accounting; Describe common financing strategies for different stages of the company lifecycle; Identify funding strategies used by charitable organizations; Describe financing opportunities available to startups; Define bootstrapping; Describe the advantages and disadvantages of bootstrapping; Explain the accounting equation and define its parts (assets, liabilities, and equity); Define revenue, expenses, and income; Understand the three primary financial statements: balance sheet, income statement, and statement of cash flows; Understand how financial projections are made and how to use the run rate and the burn rate; Understand how to create a break-even analysis. III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Overview of Entrepreneurial Finance and Accounting - Class description Strategies; Special Funding Strategies - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5 Accounting Basics for Entrepreneurs; Developing Idem Startup Financial Statements and Projections 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-9 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 10 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Launch for Growth to Success Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Describe how businesses use lean startup principles to develop products and test markets; Identify how the build-measure-learn method helps companies understand what potential customers want in a product; Determine what a minimum viable product (MVP) is; Explain why companies need to learn to construct a lean pitch to investors and potential customers; Explain what pivoting is and when it is necessary; Determine several reasons for business failure and explore strategies to overcome them; Understand the root of the fear of failure; Determine the challenges women and minorities face in entrepreneurship and what resources they can use to overcome them; Explain the difference between a business plan and a lean plan; Know how to develop a lean plan quickly and accurately; Run the build-measure-learn loop; Determine the lifecycle of a business. III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method (minutes) 20 1.1. Launching the Imperfect Business: Lean Startup; Why - Class description Earlier Failure Can Lead to Success Later; The Challenging Truth - Practice questions about Business Ownership - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Managing, Following, and Adjusting the Initial Plan; Idem Growth: Signs, Pains, and Cautions 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship) , Ch-10 Note Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 11 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Business Model and Plan Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Understand the importance of planning; Understand the concepts of product and service innovation, and define and understand key business models; Describe and be able to construct a value proposition for a new business idea (product or service); Define a business model and its purpose; Describe a business model canvas; Describe a lean model canvas; Describe a social business model canvas Describe the purpose of a feasibility analysis; Describe and develop the parts of a feasibility analysis; Understand how to apply feasibility outcomes to a new venture Describe the different purposes of a business plan; Describe and develop the components of a brief business plan; Describe and develop the components of a full business plan. III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Avoiding the ‘’Field of Dreams’’ Approach; Designing - Class description Business Model - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Conducting a Feasibility Analysis; The Business Plan Idem 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises on each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship) , Ch-11 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 12 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Building Network and Foundations Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Define networking and describe its role in entrepreneurship; Describe networking opportunities; Describe local and trade organization networking opportunities Identify non-profit and governmental agencies offering networking opportunities Understand key resource needs for entrepreneurial ventures; Understand the value of developing a cross-functional team; Identify the major areas of operations management; Develop a checklist of operational needs; III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Building and Connecting to Networks; Building - Class description the Entrepreneurial Deam Team - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Designing Startup Operational Plan Idem 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-12 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 13 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Business Structure Options Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Understand why a business’s purpose is an important role in the initial business structure decision; Identify major types of business structures; Distinguish between forprofit and not-for-profit purposes and structures; Distinguish between privately and publicly held corporations; Explain how corporations are taxed; Summarize the advantages and disadvantages each business structures Explain how the advantages and disadvantages of where a business is registered should inform the decision of where to create a business domicile; Understand the role technology considerations may play in selecting a business structure; Explain Enterprise Risk Management and how a company uses it; Describe litigation and financial risks; Describe common insurance needs. I. Pre-requisite knowledge: Introduction to Management or Junior Standing II. Summary of tasks/actions: Required time Description of topics Teaching method Note (minutes) 20 1.1. Business Structures: Overview of Legal and Tax - Class description Consideration (Timor-Leste’s Context) - Site Visit 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Corporation; Partnership and Joint Venture; Limited - Class description Liability Companies; Sole Proprietorship; Mitigating and - Practice Questions Managing Risks - Assignment 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem III. IV. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-13 Lesson Plan 2022 Entrepreneurship (ENT21) Course/Level: Junior standing/SEB Semester: I/2022 Start/End Date: February – June 2022 No. 14 I. General Name of Lecturers Title of the lessons: Venue: Date: Class start/end time: Félix M. Reis da Silva, MBM Fundamentals of Resource Planning Computer Room Note Monday and Wednesday (17:00 – 19:00) II. Learning Outcomes: Upon completing these topics, students will be able to: Distinguish between tangible and intangible resources; Determine the venture’s tangible and intangible resource needs and how to attain them; Describe the various funding resources available to entrepreneurs and discuss the pros and cons of each Describe the components of the PEST framework (political, economic, sociocultural, and technological factors); Apply the PEST framework to assessing resource need; Understand how to assess typical resource costs at Startup Explain how resource dependence theory helps a venture grow; Understand typical resource needs through the life cycle; Describe the basic steps in securing human resources; Understand the importance of educational and personal resources to the entrepreneur. III. Pre-requisite knowledge: Introduction to Management or Junior Standing IV. Summary of tasks/actions: Required time Description of topics Teaching method (minutes) 20 1.1. Types of Resources; Using the PEST Framework to Assess - Class description Resource Needs - Practice questions - Assignments 20 1.2. Idem 20 1.3. Idem 20 1.4. Idem 20 1.5. Managing Resources over the Venture Life Cycle Idem 20 1.6. Idem 20 1.7. Idem 20 1.8. Idem 20 1.9. Idem V. VI. Materials/Equipment needed: Whiteboard, marker, and projector. Take home tasks: Review questions and exercises of each topic on Entrepreneurship (https://openstax.org/details/books/entrepreneurship), Ch-14 Note