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2021/22 Undergraduate Module Catalogue

LUBS2045 Entrepreneurship in Theory and Practice

10 creditsClass Size: 120

Module manager: Nick Williams

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2021/22

This module is mutually exclusive with

LUBS3004Entrepreneurship and Innovation
LUBS5730MEntrepreneurship and Innovation

This module is approved as a discovery module

Module summary

This module introduces the fundamentals of entrepreneurship and small business theory and practice. The module presents a wide-ranging overview of the place of entrepreneurship in academic theory with a focus on how the decision to become an entrepreneur is impacted both by internal and external factors. You will gain an understanding of the types and characteristics of small firms, how entrepreneurs approach opportunities and the outcomes of this activity. The module also examines entrepreneurship within the context of larger firms and small firms with an explicit focus on social outcomes. You will be expected to take an active role contributing to discussion, considering real examples and developments in research to support your participation. This module is delivered by the Centre for Enterprise and Entrepreneurship Studies and is designed to be accessible for all students, regardless of subject discipline. It supports and encourages students to consider and learn from entrepreneurial practice.


This module aims to give students an introduction to the theoretical literature on entrepreneurship. In doing so, the module will allow students to develop their critical skills and to analyse the internal and external factors that impact on entrepreneurship and how they intertwine to create success.

Students will be able to develop understanding of how entrepreneurs use their social skills to acquire resources and the characteristics of ventures which are ethically and socially oriented. Through the assessments, they will be able to demonstrate how entrepreneurship connects to the development and performance of larger organisations and, through a series of examples of "real-life" entrepreneurs, how entrepreneurship theory relates to practice.

Learning outcomes
Upon completion of this module, students will be able to:
- Describe and explain the concept of entrepreneurship and the types and characteristics of small businesses
- Recognise and recall the psychological theories of entrepreneurship and analyse how entrepreneurs acquire resources and persuade others to invest in their novel venture.
- Identify the various environmental factors, external to the individual, which can influence the extent of entrepreneurship in society
- Describe and discuss the concept of social enterprise and corporate social responsibility
- Outline how entrepreneurship connects to innovation in large businesses

Skills outcomes
Upon completion of this module students will be able to:
- Develop critical awareness and synthesis skills and apply these to problem solving
- Exercise effective team working skills in preparing and making presentations


An outline of the syllabus is:

- Introduction: Introduction to module, coursework details and assignment.
- Psychological Theories of Entrepreneurship: An overview of psychological theories of entrepreneurship including psychodynamic, trait and cognitive approaches.
- Social, Cultural and Political Dimensions of Entrepreneurship: The social, cultural and political factors external to the individual which have been identified as having an impact on the extent of entrepreneurship in society.
- Corporate Social Responsibility and Social Enterprise: Corporate social responsibility is examined and then social enterprises are focused on as a form of venture which has improving society as their central goal.
- Small Firms: Types and Characteristics: Definitions of small businesses, legal structures, types of small businesses e.g. family business, high tech etc.
- Resource Acquisition and New Ventures: How entrepreneurs secure much needed resources (human and financial) e.g. through social capital and business plan.
- Entrepreneuring in the Corporate Environment: The concept of corporate entrepreneurship and the need for and possible barriers to corporate entrepreneurship.
- Researching Entrepreneurship: Narrative and Visual Approaches: The session will give the students an insight into real research that is being carried out in Leeds University Business School on entrepreneurship.
- Project Presentations: Students present group projects
- External Speaker from Industry: An external speaker will join the class to talk about their "real-life" experiences of entrepreneurship.
- Module Summary Workshop: Revision, discussion and advice about the course and the assignment.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Guest lecture12.002.00
Private study hours78.00
Total Contact hours22.00
Total hours (100hr per 10 credits)100.00

Private study

This could include a variety of activities, such as reading, watching videos, and question practice.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Assessment typeNotes% of formal assessment
Essay3,000 Words. (Assessment will be via online essay. You will be required to answer one question from a choice of five, based on topics covered in the module).100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 3,000 word coursework.

Reading list

The reading list is available from the Library website

Last updated: 30/06/2021 15:19:58


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