esade

International Entrepreneurship (2235.YR.001570.1)

General information

Type:

OBL

Curs:

1

Period:

S semester

ECTS Credits:

7 ECTS

Teaching Staff:

Group Teacher Department Language
Year 1 Annelore Huyghe Dirección General y Estrategia ENG

COURSE CONTRIBUTION TO PROGRAM

This course will equip participants with an understanding of fundamental aspects of international entrepreneurship and the competencies to establish a new venture or to think and act entrepreneurially within existing organizations. The course will also greatly benefit students who intend to work in the broader start-up ecosystem, such as investment funds or professional businesses supporting entrepreneurial ventures.

The course is evidence-based and action-oriented, providing a balanced mixture of theoretical knowledge and practical tools to turn your entrepreneurial idea into a successful venture. Students will get acquainted with entrepreneurship concepts and methods used by start-ups worldwide that are especially useful for those aiming for internationalization and/or high growth. With a focus on experiential learning and high-impact entrepreneurship, the overall aim is to empower participants with the skills needed to move from the conception of a business idea to real impact in the global economy.

Course Learning Objectives

Upon completion of this course, participants will be able to:
- Reflect on personal goals and the realization of these goals in the professional field
- Understand the phenomenon, drivers, and challenges of international entrepreneurship
- Recognize and assess entrepreneurial opportunities in a global context
- Provide data-driven insights into the development of a high-potential entrepreneurial opportunity
- Analyze and develop strategies and business models for international ventures
- Understand the funding landscape, acquire critical resources, and build the team
- Launch, manage and grow international ventures
- Apply relevant concepts, theories, and methods in different phases of the entrepreneurial process (i.e., from idea generation to potential exit routes)
- Prepare a compelling pitch for an international venture project

Because there is no universal solution applicable to all decisions entrepreneurs face, this course is designed to help participants develop a flexible, methodical, and creative way of thinking about founding and managing entrepreneurial ventures.

CONTENT

1. Session 1: International Entrepreneurship: Mapping the Territory & Generating Ideas

IWelcome to the International Entrepreneurship course! Following a short introduction, key aspects of the course such as the structure, learning approach, content, and assessment details will be explained.

The first session focuses on the following questions: What is (international) entrepreneurship and how does it affect society as well as individual lives? What does entrepreneurship look like around the world? What is special about born-global firms? What is the profile/mindset of successful founders? How can we develop our creative selves and generate innovative, global business ideas? What is the distinction between ideas and opportunities?

2. Session 2: Evaluating & Validating Entrepreneurial Opportunities in a Global Context

In this second session on entrepreneurial opportunities, some central questions are: What is the distinction between ideas and opportunities?
Where do opportunities come from? How can we become better at identifying entrepreneurial opportunities? What are key considerations when evaluating the attractiveness of an opportunity? How should you validate customer pain points in a B2C and B2B context?

3. Session 3: Power of Prototyping & Feedback Workshops

The third week focuses on the value of prototyping and a first critical milestone in the entrepreneurial process: problem-solution fit. During the workshop, you will become familiar with and practice the tools needed for rapid prototyping. We will also use this session to discuss and progress your group projects in a rapid feedback format.

4. Session 4: Understanding & Developing Business models

Addressed questions for the fourth session include: What is a business model? How can we effectively design business models for international ventures to create, deliver, and capture value? How can you assess the economic attractiveness of a specific business model? What are sign of achieving product-market fit, a second key milestone in the entrepreneurial journey?

5. Session 5: Targeting & Attracting the Right Customers

In this fifth session on entrepreneurial marketing, you will get an answer to the following questions: What do effective segmentation, targeting, and positioning entail for international new ventures? What is a bowling pin strategy? How can entrepreneurs develop strong value propositions? What tactics can new ventures implement to gain traction, convert, and retain customers?

6. Session 6: Assembling and Leading the Team

The sixth week focuses on human resources in entrepreneurship. Some of the questions we will discuss are: What are the central dilemmas for entrepreneurs when they assemble and manage the founding team? What are major considerations when hiring talent, particularly a start-up¿s first employees?

7. Session 7: Navigating the Funding Universe & Making Financial Projections

Week 7 provides an introduction to entrepreneurial finance. We will focus on the following questions: Where do entrepreneurs get money for their (international) venture, particularly in seed and start-up stages? What are the core characteristics of different types of equity finance? What are the basics for making realistic financial projections? What are key challenges linked to financing new ventures?

8. Session 8: Pitching & Feedback Workshops

During this session, you will discover how to unleash your inner money magnet! Through several exercises, you will learn simple but effective techniques to deliver a compelling and authentic pitch to win over potential investors. All teams will also have the chance to present their progress and challenges, questions, and doubts they may have regarding their international venture project.

9. Session 9: Growing & Exiting Entrepreneurial Ventures

In this last session before the final project presentations, we will address the following questions: What are the main challenges for scale-ups, particularly with regard to internationalization? What are entrepreneurs' strategic options for growth? What are the voluntary exit strategies for entrepreneurs? How can entrepreneurs recover and learn from involuntary exit (failure)?

10. Session 10: Group Project Presentations

It is Pitch Day! Each team will present the international venture concept they have developed throughout the course. In this final session, you will have to make a compelling case for your start-up idea, followed by a Q&A with guest investors and your course instructor.

Methodology

"Entrepreneurship is neither science or art. It is a practice.? - Peter Drucker

Throughout this International Entrepreneurship course, great emphasis will be placed on "doing?, i.e. through actionable theory and hands-on experiences. The course is based on various learning techniques to cultivate your entrepreneurial mindset: interactive lectures, case discussions, group exercises, reading and video assignments, practical workshops, role plays, and fieldwork. Participants will also have the opportunity to interact with and learn from guest speakers who will join us in person or through video conferencing and share their start-up or investment expertise.

To take full advantage of this course, it is essential that you prepare for each session (detailed instructions and materials will be provided on eCampus per week) and participate actively in class discussions and activities. Given the course credit, substantial group project work outside the classroom is required. Please ensure that you plan and manage the group work effectively, delegate tasks and use sub-teams, get access to potential customers from your target market, and so forth.

ASSESSMENT

ASSESSMENT BREAKDOWN

Description %
Group: Project Presentation 20
Group: Project Report 30
Individual: Active Class Participation 20
Individual: Case Development and Reflection 30

Assessment criteria

Description - Weight (% of total)

Group*
- Project Presentation (oral): 20 %
- Project Report (written, extended slide deck): 30%

Individual:
- Active Class Participation: 20 %
- Case Development & Reflection (written, essay): 30%

*Peer evaluation will be applied to the group component of your final grade.


Timetable and sections

Group Teacher Department
Year 1 Annelore Huyghe Dirección General y Estrategia

Timetable Year 1

From 2023/9/19 to 2023/11/28:
Each Tuesday from 14:00 to 16:00. (Except: 2023/10/24)
Each Tuesday from 16:15 to 17:45. (Except: 2023/10/24)