Although we may have an inherent aptitude for a discipline or subject, any skill can be improved if there’s a willingness to learn. We live in a world where the future is uncertain, and it belongs to creators and innovators. And that’s why it’s important to learn and study entrepreneurship. Entrepreneurship education serves as an excellent foundation for the types of creative, innovative ideas we need to succeed in the 21st century.

Studying entrepreneurship benefits students and learners from different social and economic backgrounds because it teaches people to cultivate unique skills and think outside the box. Moreover, it creates opportunity, instills confidence, ensures social justice and stimulates the economy. Entrepreneurship education also provides budding entrepreneurs with the skills and knowledge to come up with business ideas and develop their own ventures. And this includes helping them to learn about core business areas such as finance, sales, marketing, management and accounting, not to mention, broader ranging skills such as adaptability, effective communication, and confidence.

COURSE OBJECTIVES

The course attempts to:

1. Enhance the ‘entrepreneurial intentions’ of students by improving their natural willingness to start a business and inspire them to seek this alternative career option.
2. Enable students to learn the characteristics of the ‘entrepreneurial mindset’ by understanding the differences between the managerial and entrepreneurial thinking.
3. Develop the analytical skills of students with regard to various stages of the entrepreneurship process, starting from opportunity identification and idea generation to business model development
4. Provide students with an extensive hands‐on experience of launching and running an entrepreneurial venture in the form a micro‐business and learn the challenges as well as the rewards of being an entrepreneur.

Learning Outcomes:

Upon successful completion of this course, students should be able to:

1. Explain clearly the difference between two competing models of entrepreneurship and evaluate their application in the Pakistani context
2. Describe the varying motives of being an entrepreneur and what it takes to be one particularly from the point of view of starting a new business
3. Critically identify the key differences between the entrepreneurial and managerial thinking
4. Find a creative business idea and analyze how it is different from an opportunity
5. Use different analytical tools to translate a business opportunity into an integrative and sustainable business model
6. Perform a critical analysis of a given business plan and formulate their recommendations with respect to its operational, commercial and financial feasibility

• Evaluation of the students will be as under

  Mid Term Exam                                  30 Marks

  Final Term Exam                                 50 Marks

  Sessional Mark                                    20 Marks

• (Note 20 Marks will be distributed as under)

• Attendance                                         05 Marks

  Assignments                                       10 Marks

  Class Participation                              05 Marks

The texts for the course:

Barringer, R.B., Ireland, D.R.  Entrepreneurship: Successfully Launching New Ventures, 5th edition. Pearson Education.