ME2802 Execution - Running your own Company 7.5 credits

• Educational level

  Second cycle

• Academic level (A-D)

  C

• Subject area

  Industrial Management
  

• Grade scale

  A, B, C, D, E, FX, F

• Course page on KTH Social

Learning outcomes

The objective of the course is to enable the student to start a business of her/his own. After the course, participants will be able to:

• Understand and demonstrate knowledge of important issues faced when starting a new firm
• Manage important issues faced when starting a new firm
• Argue for critical processes and steps required when starting a new firm
• Be aware of resources required when starting a new firm
• Assemble resources for starting a new firm
• Conduct a market analysis
• Present a business model
• Conduct a basic financial analysis of a new venture

Course main content

The course focuses on supporting the student in her or his decisions and other action in the new business venture.

Students entering the course should have an intention in pursuing a business idea in company of their own.

The outline of the course is built on experience from active entrepreneurs and follows the typical stages in a new venture, starting with the evaluation and refinement of the existing business idea, moving on to practical steps in setting up a firm, assembling resourcing  (external capital, internal resources etc.), market and communication plans.

The course will focus on

- Strategy (W hat?) –i.e. markets, offer, business idea, getting-started and establishing a network

- People (Who?) – i.e. entrepreneurial team, recruitment and motivation

- Operational work (Let’s do it!) – i.e. resource gathering, sales/marketing, production and negotiation.

Theoretically, the course connects to the opportunity-based models of entrepreneurship and business creation, as well as to a contextual approach to the venture creation process (i.e. the idea that the character of the venture creation process depends on the type of business and industry)

Disposition

During the course we will go through the practical steps of launching a new venture. A blend of teaching methods including lectures, exercises and presentations, project work and group discussions will be used for the course. This is an intense course and commitment is necessary. Students will be expected to actively work with their venture idea from day 1 in the course. Each Wednesday we will discuss the progress made.

There will be a mandatory group presentation during and at the end of the course. There is also take-home written exam.

Eligibility

Programme students at KTHmust have a minimum of 120 ECTS.

All other students need 180 hp and English A + B, or equivalent.

It is assumed that students entering the course will fomulate a business idea to e realized, and have a genuine interest in potentially pursuing this business idea.

Prerequisites

Programme students at KTH must have a minimum of 120 ECTS.

Literature

Meddelas vid kursstart till angana studenter.

Examination

• PRO1 - Project, 7.5 credits, grade scale: A, B, C, D, E, FX, F

Requirements for final grade

the student's grade will depend on thee factors:

1. Assignments and presentations group/individual
2. Final executive summary group
3. Written exam individual.

Students will be required to satisfactory complete all of the course assignments in order to receive a passing grade.

Attendance is compulsory.

Offered by

ITM/Industrial Economics and Management

Contact

Lisa Thorén-Fosanker, lisa.thoren@sses.se

Examiner

Terrence Brown <terrence@kth.se>

Supplementary information

Established 2003-11-25.

Replaces 4D1523.

All registration queries should be addressed to the SSES Education Registrat at registrar@sses.se.

The course is offered within the framework of The Stockholm School of Entrepreneurship.

Version

Course plan valid from: Autumn 12.
Examination information valid from: Autumn 07.