Product Design OR Social Mission

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Product Design OR Social Mission Entrepreneurship Minor Common Foundational Course Set Discipline-Specific Liberal Arts Track Required Courses DRAFT 2-26-17 Elective Courses New Courses Blue Ink U2- Spring Semester Exploration U3- Fall Semester Domain U3- Spring Semester Principles U4- Fall Semester Reflection U4- Spring Semester Product Design OR Social Mission Validation Entrepreneurial Perspectives SOCI/MGMT 376 Societal Impact Definitions Characteristics Career Choices Opportunity Recognition/ Assess/Valuation Social Capital Finance Ecosystem Market Strategy Organization Building New Venture Mgt. Major-College Domain Electives COMM 320/ 324 ECON 425/ 433/ 449 ENGL 210/ 320/ 304 HIST 361/ 364/ 470 POLS 229/ 308 PSYC 352/ 354 SOCI 335-500/ 445 Entrepreneurship Practice SOCI/XXXX XXX Management Market & Marketing Accounting & Finance Product/Technical Legal/Regulatory Socio-Economic Environment Cross Knowledge Domain Electives Entrepreneurial Thought Leaders Seminar SOCI/XXXX XXX OR Humanities & Social Science Innovation COMM 489 Global Entrepreneurship MGMT/IBUS 457 Design Process* ENDS 101 Practicum Capstone Lean Start-Up Method MGMT 477 OR Technology Commercialization MGMT 632** Managing Nonprofit Org MGMT 432 Narrative & Digital Technology ENGL 394/500 Social Entrepreneurship SOCI 404/ 450/PSA 650**   . 15 unit minor, 9 required units (red boxes) + 6 elective units (blue boxes) required courses open to all majors, non-minors, can be taken out of sequence *honors sections require 3.5 GPA, summer non-honors sections, ** 600 courses require petition for undergraduate eligibility, 457 is study abroad

EXPLORATION Gateway courses introduce students to a broad survey of central topics in entrepreneurship. Topics are based in entrepreneurship research; teaching methods apply research concepts to build student competencies using cases, live business plans, interactive heuristics, expert practitioners, field experience. Students gain knowledge of career paths in entrepreneurship, including independent start-up, corporate entrepreneurship, social mission, and service professions to entrepreneurs and investors such as engineering, law, accounting, finance, and marketing. Course material enables students’ early assessment of their career interest in entrepreneurship and how their interests can be developed within the minor. If interested students’ are not already working on an entrepreneurial idea and do not have the flexibility in their schedule to accommodate the minor, this is a good stand alone course. Teaching methods enable scaling and graduate student training through co-teaching and teaching assistance experience.

DOMAIN Research indicates the discovery of entrepreneurial ideas and the recognition of entrepreneurial opportunities stem from domain knowledge and experience (Shane, 2000, Organization Science). Domain courses are existing offerings in the majors that provide relevant background and content to the subject of entrepreneurship.

PRINCIPLES of PRACTICE Entrepreneurship scholars and practitioners suggest the key risk factors in the development of new ventures fall into 6 functional areas, management, market, finance, product technical, legal- regulatory, and socio/economic environment. Students develop competencies to assess and mitigate risks in the 6 functional areas, for example valuation of the entrepreneurial opportunity, how to develop a management team and advisory board, how to develop and interpret an integrated set of financial statements, etc. Student teams assess and value entrepreneurial opportunities and develop strategic business plans for their own entrepreneurial idea or a current opportunity from venture investor portfolios.

REFLECTION Research indicates two forms of reflection are key sources of innovation, reflecting on one’s knowledge corridor (Shane, 2000) and reflecting across knowledge corridors (Thornton, Ocasio and Lounsbury, 2012, chpt. 5). Reflection courses teach students to systematically reflect on their own domain knowledge and train and situate students to reflect across knowledge corridors, for example in the building of social capital and examination of entrepreneurial thought leaders’ backgrounds, immersion in interdisciplinary courses, inter-collegiate cross functional teams, and diversity practices such as mixing students by grade level, background characteristics, and major, college or school.

VALIDATION Validation refers to teaching students methods to validate their entrepreneurial ideas, such as the lean start-up or other methods to achieve market validation of a minimal viable product and proof of concept on a small scale.  This is a capstone experience in which students execute on developing their entrepreneurial ideas in field work.