SM9631 - Finance and Entrepreneurship

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What will I learn on this module?

This module aims to provide you with a detailed understanding of the financial management peculiarities of SMEs, young entrepreneurial ventures and growing businesses. Apart from offering an overview of potential sources of finance for small businesses, this module also looks into the specific problems and opportunities that SMEs (small & medium enterprises) face in the financial environment. You will learn to view SME financial issues as distinct from those of large organisations and to critically analyse particular situations of SME business in the real world.
In the module you will engage with the following main topics:
- Financial analysis: starting from simple concepts, this is aimed at understanding how to make decisions from financial numbers.
- Finance gaps: understanding start-up funding as well as expansion funding needs; Working capital funds; Why is cash flow critical and how to optimise it.
- Overcoming finance gaps: Equity and debt funding; Different funding sources, their conditions and emphases, e.g., banks, venture capital/ business angels, crowd funding platforms. How do investors do their due diligence? What value-add do investees get from different investors?
- Negotiating funding; valuing an SME.
- International business, Foreign currency risk and SME
- Harvesting your investment; Investor exit.
- Ethics and responsible decision making in SME and SME finance

The module will give you the ability to understand in depth issues in running any SME business and the confidence in running your own business. Specifically, on completing the module, you will be able to:
? evaluate critically and identify problems in the operation and growth of an SME by analysing the ‘hard’ and ‘soft’ aspects of finance
? generate different remedies that relate to financial and non-financial areas of running an SME business
? compare the appropriateness of sources of finance and financial support for an SME and recommend appropriate choices
? evaluate foreign currency risks and make choices to minimise them
? appreciate ethical and responsible behaviour regarding finance/ SME finance decisions

How will I learn on this module?

You will have lectures where you will be exposed to the theories and concepts. You will then have seminars which will be based on workshops and mini case solving sessions with a lot of formative feedback. Since practical examples and mini cases will be constantly used, there will also be formative feedback in class discussions on any tasks done in the lectures too.
Your directed study will support the work you have undertaken in the contact sessions. Your Independent learning time is set aside and supported by workshops in class learning activities to help you gain a deeper and broader knowledge of the subject.
Apart from lectures, seminars/ workshops there will be a few highly relevant practitioner talks, e.g., banker, venture capitalist/ angel investor and SME owner to connect your learning to the real world today.

How will I be supported academically on this module?

Your class contact lectures are supported by two-hour weekly seminars with extensive formative feedback on specific tasks you will do.
You will have access to a variety of learning materials available through the module’s e-learning system.
You will also be provided with reading lists for each of the themes to provide you with conceptual and applied understanding of the various facets of entrepreneurial and SME business in a national and international context. These directed reading materials will include journal papers, books chapters and practical tools developed by enterprise support agencies and reports.
The module teaching and learning will include several distinct as well as inter-related tasks (as following a start-up case through its growth). This will help your active participation in the learning process. The eLearning portal will be used to host these tasks for your easy access at all times.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

What will I be expected to achieve?

Knowledge & Understanding:
• Critique the role of finance from an SME perspective and evaluate how entrepreneurial eco-systems support entrepreneurship and SME financing in the realisation of sustainable solutions. (MLO1)

1. Intellectual / Professional skills & abilities:
• Demonstrate and evidence the key skills and attributes for entrepreneurial effectiveness relating to finance. (MLO2)

2. Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
• Demonstrate and critically assess an ethical and culturally aware approach to responsible SME business. (MLO3)

How will I be assessed?

The module assessment will consist of a single element.

An individual assignment focused on understanding the concepts learnt. This is a case study based assignment worth 100% of the module marks). Indicative word count in total will be 3000 words.

This assessment addresses the module learning outcomes MLO1, MLO2 and MLO3.

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

This module aims to provide you with a detailed understanding of the financial management peculiarities of SMEs, young entrepreneurial ventures and growing businesses. Apart from offering an overview of potential sources of finance for small businesses, this module also looks into the specific problems and opportunities that SMEs face in the financial environment. It is important to view SMEs’ financial issues separately from those of large organisations. This module allows for this distinction and gives you the opportunity to critically analyse SMEs’ particular situations. Relating the contents to real-world examples should result you being able to efficiently manage the finances of their own or any other small businesses and plan for its growth with financial wisdom.

Course info

UCAS Code N202

Credits 20

Level of Study Undergraduate

Mode of Study 4 years with a placement (sandwich)/study abroad

Department Newcastle Business School

Location Law and NBS Building, City Campus East

City Newcastle

Start September 2019 or September 2020

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