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ENSI208: Small Business and the SME Sector
|Department: Entrepreneurship, Strategy and Innovation||NCF Level: FHEQ/QCF/NQF5//RQF5|
|Study Level: Part II (any yr)||Credit Points: 15|
|Start Date: 11-01-2016||End Date: 29-04-2016|
|Available for Online Enrolment?: Y||Enrolment Restriction: Fully available to all students|
|Module Convenor: Dr AF Discua Cruz|
- Syllabus Rules and Lancaster Part II Pre-requisites
- Curriculum Design
- Assessment Weights
- Educational Aims
- Learning Outcomes
- Part 1 Modules Video
- Teaching Pattern
Syllabus Rules and Pre-requisites
- The student must take 1 modules from the following group:
The aim of this course is to introduce students to current theory and research in the fields of small business management and development, and the role and contribution of enterprise. The intention is to develop students awareness of the role, significance and performance of the SME sector in the economy and to consider some of the parameters of difference between small and large businesses. Firstly, the course explores at a macro-level the structure and dynamics of the small- and medium-sized enterprise sector in the UK and in other developed economies. It also considers, from a critical perspective, the development of government policy with respect to the SME sector and the broader context of enterprise support. Secondly, the course focuses on the special problems that face the founders and the managers of smaller enterprises, analysing functional management activities such as strategy, marketing, financial management and human resource management.
Curriculum Design: Outline Syllabus
- Co-ordinators: Dr Allan Discua Cruz/Dr Sascha Walter
Prerequisites: Students must take either ENSI101 or ENSI207.
This course builds on topics covered in ENSI101/ENSI 207 but the focus is changed from the entrepreneur to the small firm and the broader economy.
Small business is an area that has attracted increasing interest in recent years from many quarters: government, the banks and other financial institutions, the media and the academic world. Clearly, all businesses have been at some time ?small'. Equally clearly, not all grow to provide employment, profitability and exports; a considerable number do not survive beyond their first year.
There are two parts to the course, the first of which is a macro level exploration of the structure and dynamics of the small and medium-sized enterprise sector in the UK and in other developed economies. Here we also explore the development of government policy with respect to the SME sector and the structure of enterprise support in the UK. The second part of the course focuses on specific problems that face the founders and managers of smaller enterprises in the areas of strategy, marketing, financial management, human resource management and the use and management of ICT
Example of topics covered:-
Lectures (2 hrs per week)
Introduction to Small Business and the SME sector
- Small businesses and the economy
- Venture creation: An international comparison
- Small business networks and clusters
- Public policy and support for SMEs
- People in small firms I: The employee perspective
- People in small firms II: The owner-manager perspective
- Marketing in small firms
- Strategy in small firms
- High Tech SMEs
- Funding for SMEs: equity and loan
- Financial issues and practice in SMEs
- The family firm
- Case video: Kinky Boots
- Guest speakers: Lectures often include talks from business and social entrepreneurs, enterprise policy makers and business advisors and investors
Seminars (1 hr per week, weeks 2-9)
- Differences between Large and Small Firms
- Doing business: an international comparison
- The environment for small business
- Premier Printing: case study
- Avondale Foods: case study
- Celltech: case study
- Speed of change in High-Tech SMEs
- Rollerdoors: case study
Carter, S. and Jones-Evans, D (eds.) (2006): Enterprise and Small Business, 2nd edition, FT/Prentice Hall. Useful thematically structured text that covers many of the topics presented on the course. This book focuses on both the macro-environment for small business and the particular management issues facing small firms.
Most weeks you will be required to read one chapter and two articles for each lecture. You will also be required to prepare material in advance of each tutorial.
Compulsory reading (except Carter and Jones-Evans) will be made available via the Moodle site, whenever possible.
- 60% Exam
- 40% Coursework
Assessment: Details of Assessment
This module develops your awareness of the role, significance and performance of the small and medium-sized enterprise (SME) sector in the economy by introducing current theory and research in the field of small business management and development. It explores the structure and dynamics of the SME sector in the UK and other developed economies, and applies a critical perspective to the development of government policy with respect to this sector and the broader context of enterprise support.
The focus then shifts to the special problems that face the founders and managers of smaller enterprises, and you will analyse functional management activities such as strategy, marketing, financial management and human resource management.
Educational Aims: Subject Specific: Knowledge, Understanding and Skills
- To develop awareness of the role, significance and performance of the SME sector in the economy.
- To introduce students to current theory and research in the fields of small business management and development, and the role and contribution of enterprise.
- To analyse some of the specific management problems often encountered by smaller businesses.
- To consider some of the parameters of difference between ?small' and ?large' businesses.
- To consider, from a critical perspective, some of the issues relating to government policy towards the SME sector.
ENTR208 on the Web
Go to https://luvle.lancs.ac.uk/entr/entr208.nsf to download all material (tutorials, reading pack) and post questions and comments
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