MGT 225: Entrepreneurship
Full Marks: 100 Pass Marks: 35 Lecture Hours: 150
Course Objectives:
This course aims to impart fundamental knowledge of entrepreneurships, theories of
entrepreneurships, and its different dimensions so that students inspire to involve in entrepreneurship
activities as well as gain skills to manage small business and new venture effectively.
Learning Outcomes:
Upon successful completion of this course, students will be able to:
Understand the concept of different theories of entrepreneurship.
Know the growth of entrepreneurship practices in Nepal
Develop the necessary entrepreneurial competencies and competencies support institutions in
Nepal.
Have ability to prepare business plan analyzing all elements of business plan and able to
evaluate business plan for new venture creation.
Have understanding about entrepreneurial family business and ethics.
Understand the current paradigm shift of entrepreneurship in different areas with specific
focus.
Predict the problems, challenges and prospects of entrepreneurship in Nepal.
Course Description:
This course contains the fundamental concept of entrepreneurship, growth of entrepreneurship,
entrepreneurial opportunities, entrepreneurship competencies development, business plan concept
and elements of business, business plan evaluation, family business and ethics, new issues of
entrepreneurship, success and failure stories of selected entrepreneurs and institutional support to
entrepreneurship promotion in Nepal.
Course Details:
Unit 1: Introduction 20 LHs
Concepts of entrepreneurship, Evolution of the entrepreneurship concept, Major functions, and types
of entrepreneurship. Significance of entrepreneurship for individual, community and national
development. Characteristics of entrepreneurs. Entrepreneurship motivation, Entrepreneurial
feelings, Entrepreneurial process. Differences between entrepreneur and manager. Distinctive
relationship among entrepreneur, entrepreneurship and owner manager, Dimensions of
entrepreneurship: intrapreneurship, technopreneurship, netpreneurship, ecopreneurship, social
entrepreneurship.
Unit 2: Growth of Entrepreneurship 20 LHs
Historical perspectives and growth of entrepreneurship in Nepal (a brief review). Factors affecting
entrepreneurial growth: Economic factors, social factors, political factors, legal factors, geographical
factors, technological factors, global factors, cultural factors and psychological factors with
reference to Nepal; Evaluating opportunities for new venture: The opportunities, the government, the
suppliers, the enterprise team, the customers, the competition, the timing, the resources; Ingredients
for a successful new business; Identifying and recognizing the entrepreneurial opportunities in Nepal
Unit3: Entrepreneurship Competencies Development (ECD) 20 LHs
Concept of entrepreneurship competencies; Distinct traits of entrepreneur; Competencies mapping;
Characteristic and competencies of entrepreneurial leadership; Entrepreneurship competencies
development programs; Phases of entrepreneurial development program; Methods of developing
entrepreneurial competency; Institutional supports to entrepreneurship competencies development in
Nepal: Financial supports, product/service supports, Logistics supports, Government and non-
governmental supports, especial supports programs. Roles of vocational institution and universities
in developing entrepreneurship intentions and competencies in Nepal.
Unit 4: Development of Business Plan and Entrepreneurial Venture Creation 25 LHs
Concept of business idea generation; The planning process; Sources and methods of business idea
generation; Selection of best ideas. Business plan development: Concept and contents of a sound
business plan; Basic elements of business plan: Financial plan, Marketing plan, Human resource
plan, Management plan, Production operational plan and Research and development plan.
Importance of business plan for new business setup. Techniques of presenting business plan.
Illustration of business plan preparation. Business plan evaluation and improvement; Concept and
template of Business Model Canvas and Lean Canvas Model. Concept of value proposition and
value co-creation. Entrepreneurial venture: creation of venture, venture project formulation,
implementation and evaluation of venture; Choosing a form of business organization: sole
proprietorship, partnership, and company.
Unit 5: Entrepreneurial Family Business and Ethics 20 LHs
Concept of family business, role of family business, stages of family business development. Family
business culture, Critical factors for starting family business, Conflict in family business. Roles and
responsibilities of family members in family business, Three circle model of family business,
Succession planning in family business, Problems and prospects of family business in Nepal.
Business ethics: concept and characteristics of ethical entrepreneurship, ethical issues in Nepalese
entrepreneurship; Role of entrepreneurs and entrepreneurial managers in promoting and sustaining
business ethics.
Unit 6: Emerging Entrepreneurship in Nepal 20 LHs
Micro, small and medium size enterprise: concept and characteristics, importance and contribution to
employment generation and resource mobilization in the economic development of Nepal.
Indigenous knowledge and major ethnic entrepreneurship- its problems and prospects; The
emerging entrepreneurship in Nepal: Rural entrepreneurship- problems and prospects, Women
entrepreneurship - problems and prospects, Tourism entrepreneurship - problems and prospects,
Agri-entrepreneurship - problems and prospects, Transport entrepreneurship- problems and
prospects, Green entrepreneurship- problems and prospects and e-entrepreneurship- problems and
prospects in Nepal; Social innovation and entrepreneurship: concept, significance to social value
creation and social change, status of social entrepreneurship in Nepal. Success and failure stories of
selected Nepalese entrepreneurship.
Unit 7: Institutional Support to Entrepreneurship Development 25 LHs
Institutional support: concept and need; Financial support agencies: Rural Development Banks,
micro finance institutions, commercial banks, micro enterprise development projects and programs;
Logistic support agencies: government, specialized and consultancy agencies, Industrial estates;
Role of Government in promoting entrepreneurship incentives, subsides and grants, Export oriented
units: Fiscal and Tax concession; Role of National Banking Institute, Insurance Institute,
Cooperative Training center in the entrepreneurship development in Nepal. Introduction to
Entrepreneurship Development Projects in Nepal with reference to IED, MEDEP and ELAM.
0 Comments