The potential for growth is a defining feature of the entrepreneurial small and medium enterprises (SMEs). This module is concerned with the issues and decisions that the entrepreneur must consider in successfully managing the growth and development of new SMEs. The module is designed to cover four broad and interrelated issues: a) the process of business growth of SMEs, b) barriers to business growth of SMEs; c) internal strategies for the growth of SMEs, and d) external strategies for the growth of SMEs. The course will draw on materials from the literature on entrepreneurship to provide a basis for a critical understanding of the concepts and strategies for entrepreneurial venture growth and development.
The aim of this module is to give students:
On successful completion of the module, students will be able to:
Definitional and Conceptual Issues
Managing New Venture Growth
Internal and External Strategies for the Growth of SMEs
Internal & External Barriers to the Growth of SMEs
Thus, the teaching is based on lectures, case-studies, videos and online course materials, which focus on particular aspects of SME growth as identified above in the curriculum. Case studies and role-plays will be used to stimulate debate, to gain understanding of key issues, and to encourage an in-depth understanding of entrepreneurial growth of SMEs.
|Definitive UNISTATS Category||Indicative Description||Hours|
|Scheduled learning and teaching||Lectures and workshops||32|
|Guided independent study||118|
|Total (number of credits x 10)||150|
Students are expected to also reflect on the growth barriers (both internal and external) faced by the organisation. Students should be able to critically reflect on the organisation's context and recommend possible strategies that the organisation can adopt to overcome its growth challenges.
|Learning Outcome||Assessment Strategy|
|1. Demonstrate critical thinking, analysis and understanding of the growth process of entrepreneurial SMEs and role of founder in the process||Summatively by coursework and formatively by class case study|
|2. Critically reflect on the impact that internal and external (environmental) barriers can have on the growth of entrepreneurial SMEs||Summatively by coursework and formatively by class case study|
|3. Demonstrate an understanding of a variety of internal and external growth strategies, that can be used to overcome some of the barriers to growth of entrepreneurial SMEs||Summatively by coursework and formatively by class case study|
|4. Understand key contexts within which specific internal and external growth strategies are used for the growth of entrepreneurial SMEs||Summatively by coursework and formatively by class case study|
|5. Acquire practical and transferable skills through the analysis of real life case studies/videos of businesses that can help entrepreneurs learn how to grow their new ventures.||Summatively by coursework and formatively by class case study|
|Description of Assessment||Definitive UNISTATS Categories||Percentage|
|Total (to equal 100%)||100%|
It IS a requirement that the element of assessment is passed in order to achieve an overall pass for the module.
Burns, P. (2010), Entrepreneurship and Small Business, 2nd Ed. Basingstoke: Palgrave
Kuratko, D.F. and Welsch, H.P. (2003) Strategic Entrepreneurial Growth, 2nd Revised edition, South-Western
Stokes, D., Wilson, N. (latest edition) Small Business Management & Entrepreneurship (6th ed.). Cengage, Hampshire.
Bessant, J. and Tidd, J. (latest edition) Innovation and Entrepreneurship, John Wiley & Sons, Chichester.
Birley, S. and Muzyka, D.F. (eds.) (2000), Mastering Entrepreneurship, London, FT/Prentice Hall.
Zimmerer, T.W. and Scarborough, N.M. (2005), Essentials of Entrepreneurship and Small Business Management, 4th Edition, Upper Saddle River, NJ, Pearson/Prentice Hall.
Baghai, M, Coley, S. and White, D. (1999), The Alchemy of Growth, London and New York, Texere.
Cornwall, J.R., Vang, D.O. and Hartman, J.M. (2004), Entrepreneurial Financial Management: An Applied Approach, Upper Saddle River, NJ, Pearson/Prentice Hall.
Kuratko, D.F. (2009), Entrepreneurship: Theory, Process and Practice, Cengage, Learning; 8 Edition
Entrepreneurship: Theory and Practice;
International Small Business Journal;
Journal of Business Venturing;
Strategic Management Journal;
Small Business Economics