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Entrepreneurship

This is an archived copy of the 2019-2020 catalog. To access the most recent version of the catalog, please visit http://catalog.iastate.edu.

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For undergraduate curriculum in business, major in entrepreneurship.

The Department of Management offers a major in Entrepreneurship.  Students will complete the general education requirements (including business foundation courses), business core requirements for the Bachelor of Science (B.S.) degree, and 18 additional credits in the major.

The instructional objectives of the Entrepreneurship major are to provide students with an in-depth and rigorous study of the field of entrepreneurship.  Upon graduation, students are better prepared to identify and exploit business opportunities, start their own business, assist other entrepreneurs in starting or running a business, or contribute to entrepreneurial and innovative activities in established organizations.

Success in entrepreneurship requires a broad base of conceptual knowledge, personal skills, and competencies.  The required courses in the major provide a variety of rich developmental experiences that include applied learning, case analysis, research projects, team-based active learning projects, and guest speakers, in addition to traditional classroom lectures and discussions.  The Entrepreneurship major places a strong emphasis on written and oral communication skills, teamwork, creativity, leadership, and personal initiative.

Entrepreneurship majors are required to complete 18 credit hours of entrepreneurship or management department-approved courses.  Included in these 18 credits are four required courses:

REQUIRED COURSES (12 CREDITS)
ENTSP 310Entrepreneurship and Innovation3
ENTSP 313Feasibility Analysis and Business Planning3
ENTSP 320Corporate Entrepreneurship, Innovation and Technology Management3
ENTSP 480Applied Entrepreneurship: Executing New Ventures and Projects3
ELECTIVE COURSES (6 CREDITS)
Select two 3-credit courses:
ACCT 316Business Law3
ACCT 371XEntrepreneurship and Accounting Information3
AESHM 474Entrepreneurship in Human Sciences3
ECON 334Entrepreneurship in Agriculture3
ENTSP 367International Entrepreneurship3
ENTSP 410Social Entrepreneurship3
ENTSP 431X Small Business Finance Decisions3
or FIN 431X
Small Business Finance Decisions
ENTSP 485Trends and Theories of Entrepreneurship3
FIN 415Business Financing Decisions3
MGMT 471Personnel and Human Resource Management3
MGMT 472Management of Diversity3
MKT 447Consumer Behavior3
SCM 340Project Management3
or MIS 340 Project Management
SCM 453Supply Chain Planning and Control3

The department also offers an Entrepreneurship minor for non-Entrepreneurship majors in the Ivy College of Business. The minor requires 15 credits from an approved list of courses, of which 9 credits must stand alone. Students with declared majors have priority over students with declared minors in courses with space constraints.

Entrepreneurship, B.S.

Freshman
FallCreditsSpringCredits
BUSAD 102 (or 103)1BUSAD 2503
COM S 1133MATH 1513
ECON 1013ECON 1023
ENGL 1503HUM/SOC SCI3
MATH 1503International Perspectives3
LIB 1601 
HUM/SOC SCI3 
 17 15
Sophomore
FallCreditsSpringCredits
BUSAD 2031Core Business Courses6
ACCT 2843SP CM 2123
ENGL 2503ACCT 2153
STAT 2263PHIL 2303
HUM/SOC SCI3 
General Elective3 
 16 15
Junior
FallCreditsSpringCredits
Core Business Courses6Core Business Courses3
Natural Science3Major Courses6
Major Courses3U.S. Diversity Elective#3
ENGL 3023 
 15 12
Senior
FallCreditsSpringCredits
General Elective3MGMT 478*3
International/Global Perspectives3Major Course3
Major Courses6General Electives8
Core Business Course3 
 15 14

Students must be admitted to the professional program in business to major in entrepreneurship.  The requirements to enter the professional program are:

1.  Completion of 30 credits, Foundation Courses, ENGL 150, and all ENGL 101/99 courses if required.

2.  A minimum GPA of 2.50 either cumulative or in the Foundation Courses.

Graduation Requirements:

        1.  Grade of “C” or higher in at least 30 credits of Core and Major courses.

        2.  42 credits of 300+ level courses.

        3.  50% of required Business courses must be earned at ISU.

        4.  At least 32 credits and the LAST 32 credits must be earned at ISU.

        5.  122 Credits minimum and a Cumulative GPA of at least 2.00

        6.  Grade of “C” or higher in 2 of the 3 required ENGL courses.

Graduate Study

The Department of Management participates in the PhD in Business and Technology with an Entrepreneurship specialization. The program is a 56-credit (minimum) curriculum designed around four interrelated areas (core, specialization, minor, and research methods) and dissertation.  The focus of the specialization is on preparing students to conduct and publish scholarly research in the fields of Entrepreneurship, Innovation, and Technology Management.

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Courses

Courses primarily for undergraduates:

(Cross-listed with MGMT). (3-0) Cr. 3. F.S.

Prereq: Sophomore classification
Review of the entrepreneurial process with emphasis on starting a new business. How to analyze opportunities, develop an innovative product, organize, finance, market, launch, and manage a new venture. Deals with the role of the entrepreneur and the importance of a business plan. Speakers and field project.

(Cross-listed with MGMT). (3-0) Cr. 3. F.S.

Prereq: MGMT 310
Developing an idea for a new business venture, conducting a feasibility study, researching the potential market, analyzing the competition, and writing a formal business plan. Basic business functions are discussed in terms of their application to conducting feasibility analysis and writing a business plan for an entrepreneurial venture.

(Cross-listed with MGMT). Cr. 3. Repeatable, maximum of 2 times. F.S.

Prereq: MGMT 310
Entrepreneurial approaches aimed at the identification, development and exploitation of technical and organizational innovations, the management of new product or process developments, and the effective management of new ventures in the context of mid-size to large corporations in manufacturing as well as in service industries. Development of an awareness and understanding of the range, scope, and complexity of issues related to the creation of a corporate environment that is supportive of entrepreneurial endeavors as well as to gain insights concerning the effective implementation of technological and organizational innovations in corporate settings.

(Cross-listed with MGMT). (3-0) Cr. 3.

Prereq: Sophomore classification
The essentials of operating an entrepreneurial firm in an international environment. Topics include understanding the role of entrepreneurship in economic development, starting and developing a business in an international market, financing international ventures, international management issues and exchange rates.
Meets International Perspectives Requirement.

(Cross-listed with MGMT). (3-0) Cr. 3. F.S.

Prereq: Sophomore classification
Introduction to issues related to the role of social entrepreneurship in helping to solve social problems, including innovation, opportunity recognition, planning and the launch of new non-profit organizations.

(Cross-listed with MGMT). (3-0) Cr. 3.

Prereq: MGMT 310; MGMT 313 or MGMT 320
Experiential learning through student-identified project. Students identify, propose and execute an experiential learning project that will be completed during the semester. The course provides application oriented learning of entrepreneurship. The course project must include a significant experiential learning activity, such as launching a venture or business, writing a business plan, or completing an internship in an entrepreneurial setting. Requires a field project.

(Cross-listed with MGMT). (3-0) Cr. 3. F.S.SS.

Prereq: MGMT 310; MGMT 313 or MGMT 320
A broad examination of historical, literary, and business perspectives on entrepreneurship. The entrepreneurial process is studied by examining the role of individuals, new ventures, and established organizations in the discovery, evaluation, and exploitation of economic opportunities. Emphasis is placed on tracing the evolution of entrepreneurship theories over time, as well as analyzing current trends related to the study of entrepreneurship.

Courses for graduate students:

(Cross-listed with MGMT). Cr. 3. Alt. F., offered odd-numbered years.


Critical review of theory and research in the field of strategic management. Introduction to representative conceptual and empirical research. Review theories that provide the foundation for management research, and review current research in associate research streams. The review will cover fundamental questions in strategy.