42438 Business model design for growth entrepreneurship

2016/2017

The course is conceived as the stage after business plan generation. It is based on the Lean start-up approach where key assumptions about the business opportunity are verified through customer development exercises. The business model as the essential tool for growth is the main topic with customer contact experiments designed to test key assumptions on successful business model structure.
Kursusinformation
Business model design for growth entrepreneurship
Engelsk
5
Kandidat
Kurset udbydes under tompladsordningen
August
The course is to be held during the 3 week period in August
Campus Lyngby
DTU SKYLAB
Lecture/discussions, customer development exercises, project, class presentations
3-uger
Ingen eksamen
Bedømmelse af opgave(r)/rapport(er)
Alle hjælpemidler er tilladt
7-trins skala , intern bedømmelse
42490/ 42435/42436/34541 , In addition to having passed 42490 and at least one of the following: 42435, 42436 or 34541, the student should have worked on a business plan.
Minimum 10 Maksimum: 25
Karen Murdock , Lyngby Campus, Bygning 372, Tlf. (+45) 4525 4533 , kmur@dtu.dk

42 DTU Management Engineering
I studieplanlæggeren
Dette kursus giver den studerende en mulighed for at lave eller forberede et projekt som kan deltage i DTUs studenterkonference om bæredygtighed, klimateknologi og miljø (GRØN DYST). Se mere på http://www.groendyst.dtu.dk
Overordnede kursusmål
The course combines theoretical knowledge and practical exercises in the verification of key assumptions about customers and growth potential for business cases and to incorporate findings in the design of the business model for start-ups (including those with a social focus) or new business development projects. The course aims to attract students who have completed entrepreneurship courses or participated in innovation summer schools and have identified a business idea either for a start-up or a new product for an existing company.

The course combines key concepts of entrepreneurship and innovation to help students test and verify key assumptions about the business model of a start-up in an iterative approach to arrive at promising growth models for the business case. The course has a strong focus on practice through experimentation to test all assumptions made about the business case.
Læringsmål
En studerende, der fuldt ud har opfyldt kursets mål, vil kunne:
  • Create either a minimum viable product (MVP) or outline the process and cost to get to the MVP.
  • Design appropriate experiments to test assumptions about the CVP, creating customer demands and development and pricing models among these groups.
  • Interpret the experiments results drawing meaning relevant to the business case
  • Formulate new assumptions using findings
  • Create improved business models based on findings
  • Formulate resource requirements
  • Assemble and manage team activities to realize goals at each stage
  • Convince stakeholders to participate in the pre and start-up activities
  • Collaborate with stakeholders to move the business case closer to implementation
Kursusindhold
1. The business model
2. Customer and key stakeholder identification - Designing business experiments
3. Assessing opportunities and defining the Customer Value Proposition – Value creation; Minimum Viable Product
4. Customer Relationship – Creating Demand for the product offering
5. Customer segmentation and market approach for each - Market type, competition
6. Distribution Channels
7. Partnerships & Deal Structuring – Who, when and with what consequence
8. Resource leveraging – Customer development team use of -IP, Financing, HR
9. Key activities and International networks
10. Assessing revenue streams –Pricing models
Litteraturhenvisninger
Required (sample)
Blank, S. G., & Dorf, B. (2012). The startup owner's manual: the step-by-step guide for building a great company. K&S Ranch, Incorporated.

Mullins, J. (2012). The new business road test: What entrepreneurs and executives should do before writing a business plan. Pearson UK.

Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley & Sons.

Haynie, J.M., Shepherd, D.A. and McMullen, J.S. (2009) . An opportunity for Me? The Role of Resources in Opportunity Evaluation Decisions. Journal of Management Studies 46(3).

Supplemental (sample)
Shane, S. (2000). Prior knowledge and the discovery of entrepreneurial opportunities. Organization science, 11(4), 448-469.
Wiklund, J., Davidsson, P., Audretsch, D. B., & Karlsson, C. (2011). The future of entrepreneurship research. Entrepreneurship Theory and Practice, 35(1), 1-9.
Sidst opdateret
15. november, 2016