Course Outline Faculty of Management Studies and Commerce University of Sri Jayewardenepura Year and Semester Year 02 Semester I Course Code: ENT 2370 Course Title: Entrepreneurship and SMEs Core/ Elective: Core No of Credits 03 Prerequisites None Notional Hours Direct Contact Hours: Lecturing: 45 Hours Tutorials: 30 Hours Total: 75 Course Coordinator Teaching Panel Tutorial Panel Aim/s of the Course Course Description Other Notional Hours 75 Hours Tota l: 150 Hour s Prof. M.V.S.S. Udayanga Prof. M. V. S. S. Udayanga Tel: 071 5328 966. Email:udayanga@sjp.ac.lk Mr. M. H. D. N. Perera Tel: 077 917 5075, Email: dhanukaprr@sjp.ac.lk Mr. Pasindu Rathnasekara Tel: 077 010 3171, Email: pasindulaksahan@sjp.ac.lk To impart entrepreneurial competencies including required knowledge, skills and attitudes among the participants so that they can display the entrepreneurial mindset which will support the appropriate design and launch of entrepreneurial ventures. Within this fast-moving global environment, developing entrepreneurs who can challenge the traditional aspects of business management is an undisputed need. It is vital to develop a solid theoretical foundation among the future business leaders of the country who will then be well equipped with the knowledge, skills and attitudes necessary to face the local and global challenges. Accordingly, this course serves to impart entrepreneurial competencies including required knowledge, skills and attitudes among the Page 1 of 7 participants so that they can display the entrepreneurial mindset which will support the appropriate design and launch of entrepreneurial ventures. Accordingly, any student who successfully completes this course unit will lay foundation to become an effective entrepreneur or entrepreneurial manager in the modern business era. In addition to developing entrepreneurial competencies this course intends to create good moral and intellectual values with exemplary personality among them that will help them to lead the rest. Intended Learning Outcomes of the Course (ILOs) The topics of the course include meaning and definition of entrepreneurship, evolution of the concept of entrepreneurship, significance of entrepreneurship as a tool for enhancing productivity and socioeconomic development, approaches to entrepreneurship, business entrepreneurship, corporate entrepreneurship, social entrepreneurship and other forms of entrepreneurship, SME sector in Sri Lanka, women entrepreneurship, creativity and innovation, Opportunity identification and exploitation. Apart from the formal lectures the knowledge delivery will be further facilitated through written and oral presentations, group work, role playing, case studies, field visits. workshops and activity base exercises and games. PLOs PLO 1: Acquire sufficient theoretical knowledge in the core areas of entrepreneurship blending with the discipline of business management PLO 2: Demonstrate entrepreneurial and managerial skills in order to apply the theoretical knowledge of entrepreneurship through active learning modes PLO 3: Be a good team leader who can guide the followers towards the organizational vision and mission with networking skills, social skills and communication skills for working with and through others PLO 4: Be conversant in applying entrepreneurship as a multi-method technique in searching for unlimited varieties of entrepreneurship through demonstration of good attitudes, values and professionalism in achievement of personal and organizational excellence PLO 5: Demonstrate flexibility and adaptability in an unpredictable and turbulent environment through lifelong learning and continuous self-updating for organizational and personal development PLO 6: Apply the knowledge gained through theoretical and practical experiences to start an entrepreneurial venture or revitalizing the existing businesses through invention and innovation as a corporate entrepreneur ILOs 1: Explain concepts, techniques, and approaches of entrepreneurship 2: Analyze and discuss the meaning of the concept of entrepreneurship PLO1 PLO2 PLO3 ✓ ✓ ✓ ✓ ✓ PLO4 PLO5 PLO 6 Page 2 of 7 3: Evaluate and determine how successful entrepreneurs create and build value for value for themselves and the society 4: Determine the role of SMEs in Sri Lankan context 5: Appreciate the role of women entrepreneurship in the socioeconomic development 6: Comprehend the concept of ‘Entrepreneurial Mindset’ 7: Recognize the need of Entrepreneurial Mindset as a core competence in winning competitive advantages 8: Demonstrate Entrepreneurial characteristics in their entrepreneurial ventures and day to day life 9: Analyze the relationship between the different entrepreneurial characteristics and synthesize them in to a wholistic mindset 10: Identify and display the entrepreneurial potential in running their business ventures 11: Design an action plan to develop entrepreneurial competencies 1. 2. ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Main Topic Subtopics Ref. for readings materials or other requirements as applicable) Introduction to the Course, Introduction to Entrepreneurship - Meaning and Definitions - Entrepreneurial Orientation - Entrepreneurial Intention Course Syllabus Concept related with Entrepreneurship - Changing the Status quo - Dare to be different - Environmental Sensitivity - Identification of Opportunities Kuratko and Rao 2012 Chapter 01 Session Course Specification/ Content (Main topics, Sub topics): ✓ Ref. for ILOs Remarks 1,2 1,2, Page 3 of 7 - Exploitation of Opportunities 3. Concept related with Entrepreneurship 4. Significance of Entrepreneurship 5. Entrepreneur 6. 7. Approaches to Entrepreneurship - Thinking out of the box - Creativity and Innovation - Risk Taking - Resource - Creation of Wealth - Social Wellbeing - Significance of Entrepreneurship - Importance of Entrepreneurship Education - Types of Entrepreneurs - Business Entrepreneur - Corporate Entrepreneur - Social Entrepreneur - Women Entrepreneur - Characteristics of Entrepreneurs - Cognitive Foundation of Entrepreneurship - Entrepreneurial Mindset - Roles and Functions of Entrepreneurs - Micro Approaches Lesson Materials Survey of Entrepreneurshi p in Higher Education in Europe by European Commission 1,2,3, Entrepreneurshi p Education at School in Europe by European Commission Lesson Materials Rich Dad Poor Dad (Robert T Kiyosaki) 1,2,3, 1,2,3, Kuratko and Rao 2012– the relevant section 1,2,3, Page 4 of 7 - Macro Approaches 8. 9. 10. Evolution of Entrepreneurship and Entrepreneurship in Sri Lanka Entrepreneurship as a Way of Life SME Sector in Sri Lanka Kuratko and Rao 2012 Chapter 01 Lesson Material Lesson Materials National Policy Framework Article Gamage, A.S. (2003). Small and Medium Enterprise Development in Sri Lanka: A Review. [On line] Available from http://202.11.2. 113/SEBM/rons o/no3_4/aruna.p df [Accessed 01.06.2012] 11. 12. 13. TeachingLearning Methods Creativity and Innovation The Opportunity: Creating, Shaping, Recognizing & Seizing Lesson Material Zimmerer & Scarborough (pp. 41-74) Burns (pp. 5591) Zimmerer & Scarborough (pp. 69-70) Kuratko & Rao( pp. 115-118) Hisrich et al. (pp. 131-150) New Venture Creation and Business Plan Development 1,2 8 2,3,4,9 2,3,6 2,3,4,6 ,7,8,9 2,3,4,6 ,7,8,9 Lectures and classroom activities Workshops Field visits Case studies and role plays Audio and video films Page 5 of 7 Assessment Methods /Details Method Oral and written Presentations Entrepreneur interviews Details Marks % Formative Assessment s In-class Activities Weekly Summary Assignment No. 01: Assignment No. 02: Assignment No. 03: Assignment No. 04: Assignment No. 05: Activities in relations to the topic being discussed in the classroom will be a mode of regular assessment of everyday learning. Due Date: Every Week Students are expected to handover a written summary of previous week classroom discussion to the office of Department of Entrepreneurship within the very next week. Late assignment would not be accepted under no reason. Word count of the summary should be in between 400 to 500 words. Due Date: Every Week Identify five “Boxes” in relation to a business in any industry and forward innovative solution to improve the business. Due Date: will be announced at the tutorial class Critically analyses the entrepreneurial characteristics of Prof. Muhammad Yunus and make a group presentation. You are expected to refer the biography of Prof. Muhammad Yunus – Banker to the Poor (Duppathage Bankukaru- Sinhala Version) in carrying out this assignment. Hard copy of the presentation should be handed over during the presentation. Due Date: will be announced at the tutorial class Oral presentation on ‘Rich Dad Poor Dad: What the Rich Invest in, That the Poor and the Middle Class do not’ The presentation should be based on the review of the same and done in three member groups not exceeding 15 minutes. Hard copy of the presentation should be handed over during the presentation. Due Date: will be announced at the tutorial class Visit an Entrepreneurial Business and assess the degree of Entrepreneurial Orientation. Submit your report Due Date: will be announced at the tutorial class You will be assigned into a group of three members and expected to deliver an Oral Presentation on the visited entrepreneurial business. Due Date: will be announced at the tutorial class Total Formative Assessment Marks 05 10 05 05 05 05 05 40 Page 6 of 7 Summative Assessment Final Examination Total Marks 60 100 Recommende d Readings Kuratko, DF & Rao, TV 2012, Entrepreneurship a south - Asian perspective, Cengage learning, Delhi, India. Additional Readings Baron, RA & Shane, SA 2008, Entrepreneurship-A Process Perspective, 2nd Edn, Melissa Acuna publishers, China. Burns, P 2007, Entrepreneurship and small business, 2nd Edn, Palgrave Macmillan, Houndmills. Butler, JE 2003, New perspective on women entrepreneurs, Information Age Publishing, Greenwitch. Fielden, SL & Davidson, MJ 2005, International handbook of women and small business entrepreneurship, Edward Elgar, USA. Hisrich, RD, Petters, MP & Shephers, DA 2013, Entrepreneurship, 9th Edn, McGraw Hill, Boston. Zimmerer, TW, Scarborough, NM &Wilson, D 2009, Essentials of entrepreneurship and small business management, 5th Edn, PHI Learning, New Delhi. Udayanga, S 2004, Kalamanakaranaya Saralawa (Sinhala), 2nd Edn Course Policies Honesty and integrity in academic activities are considered of vital importance. Plagiarism is treated as an examination malpractice and students are strictly advised to refrain from copying from others work. Examination policies, regulations and by-laws stipulated by the faculty is equally applicable for the final examinations as well as continuous assignments. Thus, copying take-home assignments from others is treated a punishable offence. Punctuality is very important. You are expected to be seated in the classroom before your teacher enters the class. Late assignments will not be accepted under any reason. 80% attendance for lectures will be an eligibility requirement to sit for the final examination. Only the medical certificates issued by the Medical Centre of the university, a government hospital or well-established private sector hospital will be accepted. Medical certificates issued by private dispensaries will not be accepted. In case of a predictable absence (such as overseas tour, wedding) you can take prior approval by submitting necessary documents. For other valid reasons of absence please talk with your course leader or subject coordinator. Learning is a relatively permanent change in the behaviour. Hence, you can say to be qualified the program only if there is an observable change in your behaviour. Page 7 of 7