"Entrepreneurship" interpreted as corporate transaction teaches a combination of profound knowledge of decision analytical methods, action-oriented key skills and foundation-specific knowledge. Students of this elective module should be familiar with all relevant aspects of design, creation and management of a company to consider the founding of an own company as an essential alternative to a management career. Together with the Chair of Management and Organization of Prof. Spengler the profiling focus on management and entrepreneurship is designed. The company will be beheld from the design and management perspective. Furthermore, entrepreneurship is an interesting addition for students, specializing in marketing, controlling, finance or taxation.

Progression of studies

Within the first semester of the bachelor’s program, the required course “Entrepreneurship” introduces this young research discipline. Building on this work, students in the 6th semester of their bachelor’s program attend "Venture Creation" (6CP) as an elective module to learn about individual components of a business plan, acquire knowledge of the economic basis and the consistent linking of the modules on a global approach and particularly look into the aim of structuring, financial planning and tools of social entrepreneurship. By visiting our "Academic Skills" (6CP) seminar students will gain the ability to scientifically deal with entrepreneurship-related issues. Finally all blocks are in place to obtain the first degree by participating regularly in the Bachelor's degree seminar in the 6th semester. We require the knowledge and skills extensively mediated in our “Academic Skills” course.

The Master's program is based on the principles mentioned above and provides a substantive consolidation. While attending the required course module "Business Decision Making" (6CP) students receive a deeper theoretical understanding of individual, interactive and group decisions in their first semester of master’s studies. Moreover, practical methods and skills are acquired to support decisions. Simultaneously the Anglophone elective course "Business Planning" (6CP) is offered. This lecture is equivalent to the course "Entrepreneurship" offered to introduce master students without prior entrepreneurial knowledge to the subject.

Accounting to the profiling focus “Management and Entrepreneurship” a variety of elective courses for the second and third semesters will be offered, whereby the Chair of Management and Organization is putting the emphasis of training based on lectures and the Chair for Entrepreneurship is primarily arranging seminars regarding different themes. After attending the seminar "Negotiation Analysis" (6CP) students should be able to structure negotiations and make conflicts in multi-person decision-making problems visible and assessable. Equipped with these competencies, the participants will then work independently on appropriate, real bargaining situations while examining negotiation analytic case studies. Of great practical relevance is also the "Business Plan Design Seminar" (6CP) where a business plan for a real business idea is created by the students. Successful graduates of this course generally form the pool of future assistants for upcoming projects and can furthermore demonstrate their suitability as economists in real university spin-offs. Listed in the course catalog of the semester as well as on the website, one can find the courses currently eligible for the PSP Management & Entrepreneurship. Occasionally special lectures and seminars from other chairs of the Faculty of Economics and Management will be made public as well.

Once the required number of credit points is collected, the Master's thesis (30 CP) can be written. Therefore students are kindly asked to contact the scientific staff of the chair one or two months before the start of the semester. Additional information can be found in the menu item “examination work”.

ECTS

(Exemplifying the master’s program Business Administration / Business Economics)

According to the European Credit Transfer System (ECTS) 120 credit points have to be acquired as part of the Master’s program in Business Administration / Business Economics. The choice of required and elective modules shall be made by concentrating one or two focal points, while at least one focal point must be assigned to the field of business administration. This can be demonstrated in a total of 48 CP acquired in required modules, of which at least 12 CP must be acquired in seminars, which can be assigned to the selected focal point. In case of building one focal point at least 36 CP need to be provided by elective modules from the chosen focus. With concentration in two focal points at least 36 CP are to be provided by elective modules from the chosen focus. In each focal point minimum 18 CP need to be acquired.

Seminare

For several reasons the seminars are focused within the elective module “Entrepreneurship:

• Participation in seminars will allow students to learn about academic writing and presenting. As part of the sessions students are given the opportunity to exercise free speech and academic debate, and thus prepare themselves for the Masters Colloquium, and furthermore their future career.
• The preparation of seminar papers is one of the most important exercises with regards to work life. Literature investigation, writing scientific papers, or even the development of a personal writing style are skills that should be trained prior to the thesis - during the processing time of a master's thesis there is too little time to practice. The teaching of these skills is not part of the support provided by the Chair of Entrepreneurship.
• These seminars will allow students to get closer contact with the staff of the Chair of Entrepreneurship. Especially with regard to the thesis, it is important that supervisors know the capabilities of their students and in turn, students are informed about the methodological and stylistic requirements of the Chair of Entrepreneurship. This majorly facilitates the search for a suitable topic.