course syllabus b l e n d e d m o d e l instructor version weekend classes MGT 220 Entrepreneurship (Capstone) home Cover about expectations resources course overview learning outcomes Benedictine Hallmarks 2011-2012 STABILITY STEWARDSHIP IDEA schedule & sessions next course syllabus Addresses the educational needs of adult students by developing and providing engaging, relevant and accelerated programs. blended model MGT 220 Enhances scholarship, leadership skills, social responsibility, and promotes life-long learning. Provides high-quality, easily accessible educational opportunities for adult learners. Entrepreneurship (Capstone) instructor version Enables adults to earn specific undergraduate and graduate degrees while maintaining their personal and professional commitments. Develops new degree and non-degree programs that address the expressed needs of the professional community. content links index about this document about Moser College about blended learning hallmarks of a Benedictine education student expectations attendance policy financial aid submission of work library resources services for students with disabilities Academic Honesty Policy APA formatting and style netiquette course overview required textbooks grading scale IDEA objectives IDEA description learning outcomes course schedule Moser College Mission Statement: Moser College embodies the values of respect, excellence, collaboration, and professionalism. We are committed to delivering innovative and dynamic programs designed for adult students who are dedicated to enhancing their professional, local, and global communities. Moser College Vision Statement: To be one of the premier university colleges in the nation. Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community Benedictine University Margaret and Harold Moser Center 1832 Centre Point Circle Naperville, IL 60563 Phone: (630) 829-6289 Fax: (630) 829-1375 moser college mission and vision 2 Content Links MGT 220 | Entrepreneurship (Capstone) About Your Program at Benedictine University – Moser College About This Document This is a hypermedia document – it has been built to mimic navigation on the web. This document can also be viewed as a presentation or it can be printed like a traditional document. We use this sort of document because it allows for navigation links (hyperlinks) to text, graphics, audio/video, and the web. This type of document also allows you to navigate in a nontraditional, nonlinear way – by following the page links you are not bound to read or flip through the document in any sort of order. This is yet another example of Moser College’s commitment to advancements in technology and blended learning. About Moser College The Moser College of Adult & Professional Studies delivers its curricular programs in a specifically designed structure deliberately oriented for working, adult learners. The Moser College is committed to providing a learning environment which extends beyond the classroom and is designed specifically to meet the needs of its students and their employers by bringing a quality educational experience without requiring the student to relocate or travel extensively beyond their home area. Benedictine University's Moser College of Adult & Professional Studies is fully accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools*. * web path Benedictine Univ Academic Programs Moser College About Blended Learning Blended learning is the integration of different learning environments: mainly the online format with the face-to-face format, but may also include mobile learning. Blended learning, also referred to as hybrid learning, relies on both the advantages of digital/technology innovation and the methods of face-to-face instruction. At Moser College, we use blended learning by combining asynchronous online classroom sessions with a face-to-face classroom environment. hallmarks of a Benedictine Education: home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 3 About MGT 220 | Entrepreneurship (Capstone) The Ten Hallmarks of a Benedictine Education A Benedictine Education Based on the Rules of Saint Benedict, a Benedictine Education is based on the Benedictine Wisdom Tradition that sets as its goals the transformation of the Human mind AND Heart and has at its foundation “The Ten Hallmarks of a Benedictine Education”. The Ten Hallmarks Each academic year Moser College will be celebrating two of the Hallmarks. This academic year 2011-2012, the Hallmarks Stability and Stewardship have been chosen. The ten hallmarks are: 1. Love of Christ and Neighbor 2. Prayer: a Life marked by liturgy, lection and Mindfulness 3. Stability: commitment to the daily life of this place, its heritage and tradition 4. Conversatio: the way of formation and transformation 5. Obedience: a commitment to listening and consequent action 6. Discipline: a way toward learning and freedom 7. Humility: knowledge of self in relation to God, others and creation 8. Stewardship: responsible use of creation, culture and the arts 9. Hospitality: openness to others 10. Community: call to serve the common good home about expectations resources Portrait (1926) by Herman Nieg (1849–1928); Heiligenkreuz Abbey, Austria course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 4 Hallmarks MGT 220 | Entrepreneurship (Capstone) Student Expectations Expectations of Students In order to get the maximum use of the time available, it is expected that you will: • Read the material to be covered in the class and complete required assignments prior to attending the class/session; • Arrive/login to class/session prepared to participate actively; • Be prepared to actively participate in the collaborative activities of each class/session; and • Always feel free to seek additional help from the instructor when the need arises. Attendance Policy Students may not miss more than 25% of the live classroom sessions. Doing so will result in an F for the course. financial aid information Submission of Work All assignments are to be submitted into Desire 2 Learn (D2L) unless otherwise noted by instructor. Assignments must be submitted by due date. Any assigned work submitted late for any unexcused reason will receive a lowered grade. Please refer to your instructor’s late work policy located in D2L. In the event that you miss an examination for due cause, arrangements must be made with the instructor for a make-up examination. Important criteria concerning the submission of work: • Make-up examinations may differ from the original class examination. • Per University policy, assignments cannot be accepted by an instructor after the last day of the course. • Only discussions threads posted by 11:59 pm CST on the due date will count for grading purposes. information concerning netiquette: home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 5 Expectations MGT 220 | Entrepreneurship (Capstone) Financial Aid Information Applying for Financial Aid A college education is one of the largest financial investments a family will make. We believe that an education from Benedictine University will provide valuable returns throughout a student's lifetime. The Office of Financial Aid is dedicated to helping students and their families make a Benedictine University education affordable. We view the process of financing an education as a partnership. Although the student and his/her family have primary responsibility for meeting college costs, Benedictine University, as well as the federal and state governments have a variety of financial aid programs available to students who need financial assistance. Types of Financial Aid Benedictine University's Office of Financial Aid administers a variety of federal, state and institutional programs of student financial assistance. All financial aid recipients must maintain satisfactory academic progress in accordance with the published, "Satisfactory Academic Progress Policy for Financial Aid Recipients.“ • After completing the financial aid application process, the student will receive a financial aid award notification letter. The award letter will include the program(s) that the student is eligible to receive and the award amount(s). • Grants/Scholarships - Grants and scholarships are considered to be gift assistance. This means the awards do not have to be repaid. • Loans - Loans are considered to be a form of self-help assistance. Loan programs provide funds for educational purposes and are paid back with interest. • Employment - Part-time jobs on campus are available to students through the University and Federal Work-Study program. Students working on campus receive a bi-weekly paycheck. • Applying for Financial Aid – All students applying for financial aid are asked to complete the Free Application for Federal Student Aid (FAFSA). FAFSA – Free Application for Federal Student Aid The FAFSA is required for all federal, state (Illinois residents) and Benedictine University need-based assistance. It should be completed as soon as possible after January 1st. Applying online with FAFSA on the Web at www.fafsa.gov is faster and easier than using a paper FAFSA. Have your completed U.S. Federal Income Tax returns readily available when completing the FAFSA. Include Benedictine University's school code: 001767 so the results of your FAFSA application will automatically be sent to our financial aid office. Sign you FAFSA with a Federal Student Aid PIN. Apply for a PIN at www.pin.ed.gov. If you are providing parent information, one parent must also sign you FAFSA. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 6 Financial Aid MGT 220 | Entrepreneurship (Capstone) About Netiquette What is Netiquette? "Netiquette" stands for "Internet Etiquette", and refers to the set of practices which help to make the online experiences pleasant for all involved. As you might expect, netiquette, like other forms of etiquette, is about courtesy, manners, codes of behavior, protocols and respect. Netiquette primarily focuses on how we interact with one another online, by being aware of: our use of language, others’ cultural background, conventional norms, and other behaviors. Below you will find guidelines concerning the basics of online interaction. If it isn’t something you would say or do in the face-to-face classroom, it is probably inappropriate in the online class as well. Netiquette Basics 1. Follow the Golden Rule (“One should treat others as one would like others to treat oneself”) 2. Be ethical, fair, tolerant and mindful of others – avoid stereotyping, judgment and prejudice 3. Know the boundaries of particular cyberspaces – what is acceptable in a text or chatroom with friends may not be appropriate in a classroom or in an online conversation with an instructor 4. Respect the time of others by: 1) using descriptive subject lines, 2) resizing images for the web, 3) providing links instead of copying and pasting content, 5) using white space by inserting blank lines between paragraphs and headers and 6) limiting your use of attachments 5. Copy the minimum number of people – it is tempting to send “email” or “message blasts” because it is easier for the poster, but it is not easier for the reader Inappropriate Online Usage 1. Avoid “flaming” – flaming is sending offensive, insulting or criticizing messages. This happens more often online then in face-to-face interaction, because there is an illusion of anonymity. 2. Flaming is neither productive nor appropriate for the learning environment 3. Always avoid flaming when it comes to content and opinions, but also avoid it when it comes to grammar, punctuation and spelling corrections 4. Avoid using CAPS if possible and never type messages in ALL CAPS – this is considered yelling and is often seen as a form of aggression 5. Use emoticons ( :) , :( , :-) ) sparingly and avoid the use of JK, BRB, LOL and other text language Confidentiality and Privacy 1. 2. 3. 4. Email, messaging and posting are forms of written record and are just as permanent as a letter or document Do not publicize your own or others’ personal information (such as email, phone numbers, last names etc.) Respect copyright and cite any and all sources Do not expect that your communications are private, instead assume all communications are public For more information please review Netiquette by Virginia Shea home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 7 Netiquette MGT 220 | Entrepreneurship (Capstone) Resources for Success Benedictine’s Library Resources Benedictine University Libraries strive to provide the resources for all of your academic and research needs. Providing access to over 120 databases, 200,000 books and eBooks, and helpful librarians 7 days a week, we are here to assist you in person and online. The primary mission of the Benedictine University Library is to provide library resources and services that support the Benedictine University community and meet its academic and research needs. To support our mission, the Library has made provisions for all students to gain access to important academic resources through the Benedictine Library Website. As you begin your academic journey please take note of these key concepts that will affect that access: • Entry into academic databases and most Library resources must be made through the Benedictine Library Website at www.ben.edu/library • Within one week of your official enrollment your patron information will be automatically entered into the library system, where once entered, you will be able to check out books and access databases • When off-campus you will be prompted by authentication software (a proxy server) to provide your Library ID number and last name to access article databases and request books. This software proxy server confirms that you are a current Benedictine University student and thus allowed access • Your Library ID number is a combination of the Benedictine Library prefix 2281100 and your seven-digit student ID number (also called your “b” number). Thus 2281100XXXXXXX is the Library ID number with X’s being the seven digit student number. This number is prominently located just below the barcode on your Benedictine ID card • For further information on any aspect of Library resources and access please call or write the Benedictine Library Reference Desk at 630-829-6057 or libref@ben.edu. Please take note of Library hours and staff directory located on the Library Website under About the Library and feel free to contact us about any concern or need you might have additional resources for student success: home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 8 Library MGT 220 | Entrepreneurship (Capstone) Resources for Success University Academic Honesty Policy The search for truth and the dissemination of knowledge are the central missions of a university. Benedictine University pursues these missions in an environment guided by our Roman Catholic tradition and our Benedictine Heritage. Integrity and honesty are therefore expected of all University students. Actions such as cheating, plagiarism, collusion, fabrication, forgery, falsification, destruction, multiple submission, solicitation, and misrepresentation are violations of these expectations and constitute unacceptable behavior in the University community. To access the complete Academic Honesty Policy, which includes student responsibility, responsibility and authority of faculty, violations, reporting and communicating, responsibilities of the provost, appeals, composition of the academic appeals board, procedures of the academic appeals board, and records, please select the following link: www.ben.edu/ahp APA Formatting and Style All course assignments must use APA citation and formatting. This is a mandatory requirement for all assignments, including discussions, if a publication or other work is being referenced. For more information on APA, please see the APA Style section at the website of the American Psychological Association, linked here: www.apa.org/ APA resources for students: www.apa.org/about/students.aspx Services for Students with Disabilities Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act (ADA) of 1990 prohibit discrimination against individuals with disabilities by standing provision of reasonable accommodations to make programs and activities accessible to qualified individuals with disabilities. If you have a documented learning, psychological, or physical disability, you may be eligible for reasonable academic accommodations or services. To request accommodations or services, please contact the Student Success Center, Krasa Center - 012A, 630-829-6340. All students are expected to fulfill essential course requirements. The University will not waive any essential skill or requirement of a course or degree program. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 9 Other Resources MGT 220 | Entrepreneurship (Capstone) Individual Development and Educational Assessment IDEA Objectives • Acquiring skills in working with others as a member of a team. • Developing creative capacities (writing, inventing, designing, performing in art, music, drama, etc.) • Gaining a broader understanding and appreciation of intellectual/ cultural activity (music, science, literature, etc.) • Developing skill in expressing oneself orally or in writing. • Learning how to find and use resources for answering questions or solving problems. • Developing a clearer understanding of, and commitment to, personal values. • Learning to analyze and critically evaluate ideas, arguments, and points of view. • Acquiring an interest in learning more by asking questions and seeking answers. IDEA Description The IDEA student survey focuses on the instructor’s learning objectives for the course and on the progress each student made toward achieving those objectives. By answering thoughtfully and honestly, your ratings and comments will be much more helpful – to the instructor, the department chair, and the dean of the college. As students, you should also know that student ratings and comments have been used to help evaluate courses and to improve the educational experience at Benedictine University. The appropriate standard of conduct with respect to student surveys is thoughtful comments and constructive criticism – respectfully communicated. A Focus on Learning “The IDEA Student Ratings system looks at instruction in terms of its endgame. Rather than emphasizing teaching style or personality, the IDEA system focuses on student learning and the methods used to facilitate it.” – from the IDEA website: www.theideacenter.org/node/5 home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 10 IDEA MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Course Overview Course Description Application of business principles to planning, organizing and operating the entrepreneurial enterprise. 3 semester hours. Course Materials Required Textbook and Materials Required Textbook and Materials Hisrich, R.D., Peters, M., Shepherd, D. (2010). Entrepreneurship (8th ed.) New York, NY: McGraw-Hill Technological Computer Requirements Students in the Blended program will need: High-speed Internet access; a sound card and speakers; Windows XP (minimum)/Windows 7 (recommended) or Mac OS X 10.5 or higher; and Firefox 3.6 or higher. It is also highly recommended that students have access to a microphone or webcam for optional audio/videoconferencing. Discussion Forum Guidelines The Course Grading Scale A = 4.00 90 - 100% EXCELLENT B = 3.00 80 – 89% GOOD C = 2.00 70 – 79% SATISFACTORY D = 1.00 60 – 69% PASS F = 0.00 BELOW 60% FAIL I = INC INCOMPLETE home about expectations resources To receive a minimum passing grade, students must make a post to each discussion question for that week by day 4 of each week and respond to at least two other postings by the end of the week. Individual Posts are worth up to 5 points and the total Response Posts are worth up to 5 points total. Each discussion will total up to 10 points. course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 11 Course Overview MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Course Outcomes Based in Bloom’s Taxonomy Learning Outcomes Assignments Points • • • Design an interview questionnaire Identify an entrepreneurial intention Discover the characteristics of an entrepreneur Individual assignment Team assignment/Activity Discussion Post & Response 10 pts 10 pts 10 pts • • • • Summarize the strategies of an entrepreneur Describe trends affecting idea generation Examine international opportunities Assess your knowledge – Quiz 1 (chap. 1-6) Individual assignment Team assignment/Activity Discussion Post & Response Quiz 1 (Chap. 1-6) 10 pts 10 pts 10 pts 25 pts • • • Create a SWOT analysis Develop a marketing plan Asses the benefits and restrictions of business entities Individual assignment Team assignment/Activity Discussion Post & Response 10 pts 10 pts 10 pts • • • Describe the relationship between financial statements Generate financial statements Defend financing alternatives for a start up business Individual assignment Team assignment/Activity Discussion Post & Response 10 pts 10 pts 10 pts • • • • • Explain a successful exit strategy Describe a business venture strategy Defend the potential ethical issues of financial transparency Assess your knowledge – Quiz 2 (chap. 7-12) Develop a detailed and successful business plan Individual assignment Team assignment/Activity Discussion Post & Response Quiz 2 (Chap. 7-12) Team Project 10 10 10 25 100 Total Points for course 300 pts pts pts pts pts pts about Bloom’s Taxonomy home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 12 Learning Outcomes le MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Course Schedule Session Loc. Class Title Assignments 01 A F2F Entrepreneurial Perspective • • • • Review Chap. 1-2, pp. 1-63 In-Class: Chap. 1, Self assessment pp. 16, Chap. 2 discussion questions 1-2 on pp. 58 Group: Identify a product or service topic for business plan 01 B F2F Entrepreneurial Perspective • • • • • Read Chap. 1-2, pp. 1-63 and Chap. 3-4, pp. 64-123 In-Class: Chap. 3 discussion questions 1-3 on pp. 80 In-Class: Review business plan topic In-Class: Identify websites/articles on international marketing, research via the internet sites on intellectual property Group: Business plan outline due in class 03A 02 A online From Idea to Opportunity • • • • Read Chap. 1-4, pp. 1-123 Written : prepare interview questions Discussion Post & Response Post Group: Study case 2 on pp. 467 02 B online From Idea to Opportunity • • • Review Chap. 5-6, pp. 124-184, be prepared to discuss Chap. 7-9, pp. 186-279 in class 3A Written : Conduct and summarize an interview with an entrepreneur. Please submit in D2L Dropbox Folders Discussion Post & Response Post Group: Study case 6 on pp. 492 • 03 A F2F From Opportunity to Business Plan • • • • • Review Chap. 7-9, pp. 186-279 In-Class: Review Chap 1-6 for quiz 1 In groups, create a SWOT analysis Group: Business plan presentation draft due in class 03B Discussion Post & Response Post 03 B F2F From Opportunity to Business Plan • • • • • Review Chap. 10, pp. 280-302 In-Class: in small groups, build a financial budget Quiz 1 Written: Study case 10 on pp. 516 Group: Marketing plan on pp. 251 – 253 04 A online Entrepreneurial Venture • • • • Read Chap. 11-12, pp. 303-376 Written: Study case 13 on pp. 550 Discussion Post & Response Post Group: Study case 14 on pp. 557 04 B online Entrepreneurial Venture • • • • • Review Chap. 7-12, pp. 186-376 Quiz 2 Written: Prepare an exit strategy for team’s business plan Discussion Post & Response Post Group: Answer question #2 on pp. 373 re; business angels home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 13 MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 1A Learning Objectives 1. 2. 3. 4. 5. 6. Discover the characteristics of an entrepreneur Differentiate between learning and cognitive adaptability in entrepreneurship Identify an entrepreneurial intention Compare and contrast the attributes on an entrepreneurial culture Assess the feasibility of a new venture Understand the risks associated in entrepreneurship Activities, Assignments and Agenda Reading: No pre-class reading, this will be completed after class 1A. Chapters 1-2 covering the Entrepreneurial Perspective Individual Assignments No assignments due. Reading, individual and team discussion questions are assigned after class 1A. Group Assignments Business plan product or service concept is due in class2B Reading, individual and team discussion questions are assigned after class 1A In Class Assignments Introductions and set course expectations. Provide an overview of the team project that is due during class five. Discuss how this business plan will be built through the weekly material covered in the chapters and reinforced by lecture materials. Review chapters 1-2 covering the entrepreneurial mindset, corporate entrepreneurship and the generation of entrepreneurial strategy. Utilize on-line articles to stimulate discussion from Entrepreneur.com. Complete the following exercises in to support the entrepreneurial perspective. Take the self-assessment on pages 16-17 in class to measure cognitive flexibility as discussed in Chapter 1. Chapter 2 discussion questions 1-2 on page 58. Final Team Project, objective is to start a business for a new product or service. A written business plan will be evaluated on the elements of the outline, including a comprehensive marketing & financial plan, and feasibility of the product or service venture. The business plan should be at least 20 pages in length and accompanied by a Power Point presentation during week 5. The oral presentation should be at least 25 minutes in length, but not to exceed 30 minutes. A question and answer period will be provided at the at the end of each presentation to answer and address outstanding items related to your plan. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 14 Session 1A MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 1B Learning Objectives 1. 2. 3. 4. 5. Summarize the creative process leading to an entrepreneurial idea Describe the trends which affect the timing of ideas Develop a product or service idea for the team project Create an outline for the team project Compile a list of interview questions appropriate for individual assignment Activities, Assignments and Agenda Reading: Chapters 3-4 prior to class meeting. Group Assignments Identify a product or service for the team project. A briefly written paragraph describing the business is due in class In Class Assignments • Chapter 3, discuss questions 1-3 on page 80 on providing advice to an entrepreneur. Introduce Table 7.3, Outline of a Business Plan on page 201. Spend time discussing activities for online sessions 2A and 2B. • For an in-class activity, via the internet, review current articles on translation of marketing concepts into ideas for small business start ups. In small groups have students identify five web sites or articles pertaining to creative ideas and new business strategies. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 15 Session 1B MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 2A Learning Objectives 1. 2. 3. 4. 5. Participate in discussion question post and response to demonstrate learnings Prepare and contribute to group activity assignment Compile a list of interview questions appropriate for individual assignment Develop a product or service idea for the team project Recognize the relationship between the on-line discussion and the material covered in class Activities, Assignments and Agenda Reading: Read Chapters 1-4 that were covered in class 1A and 1B. Individual Assignments Develop an interview questionnaire for an interview with an entrepreneur or small business owner, be sure to include topics from Chapter 3. Include a minimum of 25 thought provoking questions requiring an extended response to each. Group Assignments Study Case #2 on page 467, Jim Boothe, Inventor. Assignment should be at least 2 pages in length and answer the following questions: Compare an inventor with an entrepreneur and explain whether Jim Boothe has the character to become a successful entrepreneur. Does Jim have a complete business plan ready to be submitted to a bank? Risk for the entrepreneur involves more than just financial risk. What types of risk would someone like Jim assume if he decided to proceed with the business venture Discussion Question During our class we discussed entrepreneurs, small business owners and corporate entrepreneurs. Choose one of the entrepreneurial categories and describe what you feel is the most important characteristic to be successful in that venture? Support your opinion. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 16 Session 1A MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 2B Learning Objectives 1. 2. 3. 4. 5. 6. 7. Summarize the creative process leading to an entrepreneurial idea Describe the trends which affect the timing of ideas Examine international opportunities Compare and contrast domestic and international entrepreneurial ventures Describe intellectual property rights and how to defend them Participate in discussion question post and response to demonstrate learnings Prepare and contribute to group activity assignment Activities, Assignments and Agenda Reading: Review Chap. 5-6, pp. 124-184, be prepared to discuss Chap. 7-9, pp. 186-279 in class 3A Individual Assignments Conduct and summarize an interview with an entrepreneur. Please submit in D2L Dropbox Folders Study Group Assignments Study case 6 on pp. 492, please submit in D2L Dropbox Folders Discussion Question Discussion topic: International marketing and cultural influences. Please make your initial post to the discussion questions by midweek, and respond to at least one other students’ post by the end of the week. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 17 Session 1B MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 3A Learning Objectives 1. 2. 3. 4. 5. Explain the importance of a business plan Define the various marketing plans and their uses Develop a SWOT analysis for competitive marketing Describe the connection between the parts of a business plan Asses the benefits and restrictions of the various legal forms of business Activities, Assignments and Agenda Reading: Chapters 7-9 prior to class meeting. Individual Assignments Entrepreneur interview is due. Group Assignments Case #6 on page 492, The Beach Carrier, is due. In Class Assignments Facilitate a review of quiz 1. Lead a discussion and review of individual and team homework form class 2A and 2B. Review Chapters 7-9 emphasizing the nature of a business plan and the various sources of information available as a guide to completing the project. Detail the connection between a marketing and organizational plan to effectively build a successful plan. In class, review web sites, such as, businessplanblog.com, to identify readily available resources. In groups during class, create a SWOT analysis for each group’s business plan. Samples are available on-line. Lead a discussion on each group’s draft. Discussion Question There are several legal forms of business that have varying attributes. Some are more favorable at different stages in a business’ life cycle. Discuss why a certain business entity is preferable to another at a specific point in the maturity of a business. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 18 Session 1A MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 3B Learning Objectives 1. 2. 3. 4. 5. 6. 7. 8. Describe the relationship and importance of financial statements Assemble a comprehensive financial budget Generate financial statements to support a viable business Practice the continuity of sections within a business plan Defend financing alternatives for a start up business Describe business venture in presentation and plan Construct all integral parts of the plan in a contiguous and fluent manner Defend the potential success of the business plan Activities, Assignments and Agenda Reading: Chapter 10 prior to class meeting Individual Assignments Study Case #10, The Winslow Clock Company is due Group Assignments Marketing plan activity is due Review PowerPoint Drafts of final group project In Class Assignments Lead a discussion and review of individual and team homework form class 3B. Review Chapters 1012 detailing the importance of a strong financial plan and structure. Reiterate the importance of continuity between sections of the business plan, including marketing and finance to create a cohesive plan. In class, review the article: Building a Financial Budget. (2006, April 20). Entrepreneur Magazine. Retrieved from Entrepreneur Magazine. and in groups, respond to the questions posed. Discuss the progress of the team final project and answer questions regarding final papers and presentations. Review expectations for class 5A home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 19 Session 1B MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 4A Learning Objectives 1. 2. 3. 4. 5. Participate in discussion question post and response to demonstrate learnings Prepare and contribute to group activity assignment Analyze and summarize case study for individual assignment Prepare final team presentation and paper Recognize the relationship between the on-line discussion and the material covered in class Activities, Assignments and Agenda Reading: Read Chapters 10 – 12 Individual Assignments Study Case #13, Nature Bros. LTD, minimum of 2 pages, answering the following questions: 1. Is the capital sought appropriate for the circumstances? If more information is needed, state what it is and how it could be obtained. 2. What sources should Morris approach for this amount of capital? 3. Based on the current balance sheet, how much equity should he give up for the investment? Group Assignments Study Case #14, Amy’s Bread, minimum of 2 pages, answering the following questions: 1. How many more wholesale customers does Amy’s Bread need to cover first year costs of the 31st street and 15th street options? 2. What would you do if you were Amy? What additional information would you like before making your decision? Prepare final team presentation and paper due in class 5A. Discussion Question Explain the advantages and disadvantages of equity and debt financing. What business characteristics would benefit from the different sources of financing. home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 20 Session 1A MGT 220 | Entrepreneurship (Capstone) Faculty Weekend Session 4B Learning Objectives 1. 2. 3. 4. 5. 6. 7. Support operational measures objectively Analyze the financial components of the plan. Participate in discussion question post and response to demonstrate learnings Prepare and contribute to group activity assignment Analyze and summarize case study for individual assignment Complete quiz 2 to assess learning Recognize the relationship between the on-line discussion and the material covered in class Activities, Assignments and Agenda Reading: Review chapters 7 – 12 to prepare for quiz 2 Individual Assignments Prepare an exit strategy for your team’s business plan. Be specific to the timing, financial and legal considerations. Group Assignments Prepare a 2 page summary on question #2 (Class discussion) on page 373. Discussion Question Financial transparency is a required component of a publicly traded corporation. From an ethics standpoint, should all business entities be held to the same standards? Why or why not? home about expectations resources course overview learning outcomes IDEA schedule & sessions Love of Christ and Neighbor Prayer Stability Conversatio Obedience Discipline Humility Stewardship Hospitality Community 21 Session 1B