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2024/25 Undergraduate Module Catalogue

LUBS2045 Entrepreneurship in Theory and Practice

10 creditsClass Size: 68

Module manager: Nick Williams

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2024/25

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 entrepreneurial personalities, motivations and well being
- 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.
- Institutions – how the rules and values within a country influence entrepreneurial activity
- Opportunity identification: How entrepreneurs identify opportunities and solutions
- Entrepreneurship in crisis contexts (including financial crisis, COVID-19
- Entrepreneurship and innovation – how small and large firms innovate, the impacts of these innovations and how government can support innovation
- Entrepreneurship policy – how governments can act to support entrepreneurship, and comparisons with different international case studies
- Entrepreneurship and corruption – how entrepreneurs can act in corrupt ways, and how this relates to the institutions present in a coutnry
- Resource Acquisition and New Ventures: How entrepreneurs secure much needed resources (human and financial)
- The module will give the students an insight into real research that is being carried out in Leeds University Business School on entrepreneurship.
- 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
Private study hours79.00
Total Contact hours21.00
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

Students will receive feedback through the seminar discussions and through various opportunities throughout the module.

Methods of assessment

Exam typeExam duration% of formal assessment
Online Time-Limited assessment48 hr 00 mins100.00
Total percentage (Assessment Exams)100.00

The resit for this module will be 100% by examination.

Reading list

The reading list is available from the Library website

Last updated: 29/04/2024 16:16:20


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