Credits: 5

Schedule: 08.01.2020 - 29.05.2020

Teaching Period (valid 01.08.2018-31.07.2020): 

III-V spring (2018-2019, 2019-2020)

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The course introduces students to the practices and concepts for business creation, search processes and uncertain situations. The course provides tools for the early stages of iterative processes such as entrepreneurship and product development, and draws from design thinking, effectuation and customer development.

After course, the students will have understanding of early stages of entrepreneurial process. More specifically, the student:

  • Recognizes elements of a business model, can use a business model tool to analyze existing businesses, and has preliminary skills in analytically comparing businesses and identifying the crucial aspects in the development processes.
  • Can apply an appropriate research method to acquire data on customer preferences and interpret the results
  • Recognizes phases and elements of entrepreneurial search process, and can relate these to identifiable elements of effectuation
  • Recognizes his/her own reactions to an ambiguous search process;

Further, after the course students is familiar with self-driven problem-search and problem-definition and has a structured view on such processes, which will facilitate similar undertakings in the future. Also, student will comprehend the principles of non-exam based evaluation methods in teaching.

Content (valid 01.08.2018-31.07.2020): 

The core components of the course are 1) finding and defining a project with potential for a valuable outcome 2) cooperation with a self-identified company/companies on the opportunity, 3) designing a feasible and executable business experiment for the partner(s), (4) abstraction and reflection of the experience. 

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Project work, assignments, reflection essay, peer-evaluation of participation in assignments and project.

Workload (valid 01.08.2018-31.07.2020): 

5 ects = 5 x 27 h ≈ 135 h
Meetings and lectures ≈ 15h
Assignments and preparation for lectures and workshops 35 h
Project 75 h
Reflection 10 h

Course Homepage (valid 01.08.2018-31.07.2020):

Registration for Courses (valid 01.08.2018-31.07.2020): 

Course is targeted to Industrial Engineering and Management major students and Aaltonaut students.


Registration and further information