INM441

Entrepreneurship

Course ID
INM441
Department
Industrial Engineering & Management
Level
Undergraduate
Instructor
Engr. Muhammad Ali Khan
Semester
8th Semester
Credit
3.0

After completion of this course each student would be able to:

  • DEMONSTRATE entrepreneurship concepts and characteristics of successful entrepreneurs.
  • IDENTIFY the entrepreneurial potential to carryout entrepreneurial idea individually and in teamwork.
  • DEVELOP innovative ideas suitable for commercialization.

Entrepreneurship is a compulsory course and has been offered by the Department of Industrial Engineering and Management.

Course Learning Outcomes

CLO

Description

Taxonomy

Level

PLO

1

DEMONSTRATE entrepreneurship concepts and characteristics of successful entrepreneurs

C3

6

2

IDENTIFY the entrepreneurial potential to carryout entrepreneurial idea individually and in teamwork

A4

9

3

DEVELOP innovative ideas suitable for commercialization.

C5

12

Course structure and modules

Course Contents:

  • Fundamental of Entrepreneurship:

Definition of Entrepreneur & Entrepreneurship. concepts of an Entrepreneur, Characteristics of Successful Entrepreneurs, Different Between Inventor and Entrepreneurs, Inspiration from Role Models and Social Support, Business Model, Entrepreneurship Mind Set, Types of Start-ups.

Entrepreneurship Development:

  • Role of entrepreneurship in economics:

Role of Entrepreneurship, International Entrepreneurship, Small and Medium Business Enterprises, Role of Educational institutions, Entrepreneurship-Emerging Trends in Global Knowledge Economy., identifying opportunities.

  • Entrepreneurial Environment:

Leadership Qualities, Leaders vs Managers, Establishing your founder team, , Elements of Skills team, Authority, power and Influence, Time Management, Entrepreneurial Rewards, Entrepreneurial types.

  • Entrepreneurship and Intellectual Property Rights:

Patents, International Patents, Trademarks, Copy Right Legal Issues including Patents, Trademarks, Copyrights, trade Secrets, Licensing, Liability, Insurance, Contracts etc., Early Growth Stage, Later Growth Stage, Fundamentals of a Feasibility Plan.

  • Business plan:

Business plan, Entrepreneurial Opportunities and business plan, Business failures, Reasons for failure of business plan, pitching a business plan.

  • Accessing Resources:

Frenching, Advantages and Disadvantages of Frenching, Types of Frenching, Joint Ventures, Acquisition, Advantages and Disadvantages of acquisition, overcoming constraints by negation for more resources. 

Recommended Books

  • The text book of The Guide to Entrepreneurship by Michael Szycher, CRC Press,Boca Raton, Latest Edition
  • The Entrepreneurship: How to Create Wealth for your company stakeholders by Michael Szycher, CRC Press, Boca Raton, Latest Edition
  • Essential Of Entrepreneurship and Small Business Management, (5th) by Thomas W. Zimmerer, PHI Learning, New Delhi, Latest Edition.
  • Entrepreneurship: Creating and Leading an Entrepreneurial Organization by Arya Kumar, Pearson Education, Latest Edition.
  • Entrepreneurship (6th) by Robert D.Hirich McGraw-Hill Companies, New Delhi, Latest Edition
  • Entrepreneurship in action (2nd) by Mary Coulter, PHI Learning, New Delhi, Latest Edition