Since Prof. Recker is leaving the university after the winter term 2020-21, IT Entrepreneurship will not be offered in the summer term 2021. As an alternative, you can take the course Advanced Analytics and Applications, which is offered in the same module (Schwerpunktmodul Information Systems I) by Prof. Ketter. If you have not completed Schwerpunktmodul Information Systems I yet, you can also consider taking Selected Issues in Information Systems, which is offered by our chair.
|Module [Module Number]||Schwerpunktmodul Information Systems ll [1277MSISY2]|
|Regular Cycle||Summer Term|
|Teaching Form||Combined Lecture and Bootcamp|
|Instructor||Prof. Dr. Jan Recker|
|KLIPS||Summer Term 2020 (Second Registration Phase)|
The module is divided into two blocks. The first block teaches the basics of entrepreneurship. The entire first block will be taught online, using digital formats for teaching and learning. This allows maximum flexibility in learning the contents and preparing your deliverables at your own leisure and pace.
Learning in this block will be assessed through a small mid-term exam in the form of an online quiz.
The second block is organized as a Startup Bootcamp, in which students apply their theoretical knowledge: Over the course of three days, students conceive, develop and present their own digital business ideas. The bootcamp is co-hosted together with several renowned entrepreneurs and industry experts. This part will be organized in the facilities of a successful Cologne start up. This block culminates in the submission of a business plan as group work after completion of the bootcamp.
At this stage, we remain hopeful that we can continue to run the second part (bootcamp) at at a Cologne-based startup space in June. But we prepare for the scenario that this will not be possible. We will provide updates in due course, either to confirm or to announce changes.
First Block: Fundamentals of IT Entrepreneurship (All Talk)
- Different forms of entrepreneurship
- Process models of entrepreneurship
- IT-centered and digital ventures (i.e., startups)
- Digital technologies as enablers and triggers of entrepreneurship
- Best practices of developing and presenting new venture ideas
Second Block: IT Entrepreneurship Bootcamp (All Action)
- Apply theoretical knowledge over the course of a 3-day IT Entrepreneurship Bootcamp
- Ideation and development of digital startup ideas in teams of 3-5 students
- Pitching your ideas and progress to an expert panel
- Close interaction and collaboration with experienced founders, investors, incubators and industry experts
- Creating a business plan for the digital venture idea
- understand the fundamentals of entrepreneurship.
- evaluate and assess growth and development of new ventures.
- understand sectoral peculiarities of IT‐centered entrepreneurship.
- understand peculiarities of digital technologies with respect to the development process of new ventures.
- assess and evaluate the role of digital technologies in different phases of entrepreneurship.
Structure and Schedule
First Block: Fundamentals of IT Entrepreneurship (Integrated Lectures and Tutorials)
The entire block will be taught online, using digital formats for teaching and learning. This allows maximum flexibility in learning the contents and preparing your deliverables at your own leisure and pace. The content of this block is structured into the following topics:
- Introduction: Entrepreneurs recognize opportunities
- Running a business: Free enterprises, self-employment, small business, benefits and costs
- Theories of Venture Creation: Opportunity discovers vs opportunity creation vs venture enablement
- Types of Entrepreneurship: family, intrapreneurship, corp. entrepreneurship, hybrid entrepreneurship
- Business ownership: franchising, acquisition, investing, intrapreneurship
- Managing startups: Business Plans, Business Models, Industry Analysis, Marketing, Financing and Exit Strategies of New Ventures
- IT Entrepreneurship: Digital enablement of entrepreneurship
- IT Entrepreneurship: Entrepreneurship of digital products
On ILIAS, we will make content for these topics available. The format may vary. We will include readings, live digital presentations, video lectures by renowned faculty, or podcasts and interviews.
Because this part of the teaching is entirely online, it will be important for you to exercise discipline and study at your own leisure and pace. We will not have regular, traditional lectures where I can broadcast material to you, you will have to be proactive and explore the materials on your own.
As in a regular course, the learning volume is equivalent to three days of five to six hours regular teaching (e.g., lecture, tutorials, reading). But because the content (in whatever format) will be available online, you are free to study each topic as you see fit.
On the following dates, we will arrange for online meetings using collaborative learning technology (Zoom). We can use the time to discuss content and answer questions you may have. It will be important for these sessions to be effective that you are prepared.
14 April 2020: 10.00 – 11.00, 13.00 - 14.00, 17.00 - 18.00
15 April 2020: 10.00 – 11.00, 13.00 - 14.00, 17.00 - 18.00
16 April 2020: 10.00 – 11.00, 13.00 - 14.00, 17.00 - 18.00
Second Block: IT Entrepreneurship Bootcamp
17 June 2020: 9.00 – 17.00
18 June 2020: 9.00 – 17.00
19 June 2020: 9.00 – 17.00
*** please note that it is possible that we need to reschedule the bootcamp to a later date or to a different format. If so, we will inform you well in advance. ***
The course is open to everyone interested. However, only Information Systems students (Master) can earn credit points. Please register via KLIPS2.
This course will be assessed as a portfolio exam.
1) Mid-Term Online Quiz (60 minutes, May 4, 2020, 14:15 – 15:15 )
Covering the Fundamentals of Entrepreneurship and Digital Entrepreneurship, 50 points in total.
*** This quiz will be adminstered through ILIAS. Students will have to complete the quiz online during the specified timeframe ***
2) Term Paper (submission deadline 17 July 2020)
Creation of a business plan in group work, 50 points in total.
- Executive Summary
- Mission Statement
- Opportunity analysis and research
- Marketing Strategy
- Financial Analysis
- Exit Strategy
Textbook for Block 1
Entrepreneurship: Starting and Operating A Small Business [4th edition]
Steve Mariotti and Caroline Glackin
Relevant Papers for Block 1
Nambisan, S. "Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship," Entrepreneurship Theory and Practice (41:6) 2017, pp 1029-1055.
von Briel, F., Recker, J., and Davidsson, P. 2018. "Not All Digital Venture Ideas Are Created Equal: Implications for Venture Creation Processes," Journal of Strategic Information Systems, https://doi.org/10.1016/j.jsis.2018.06.002
von Briel, F., Davidsson, P., and Recker, J. "Digital Technologies as External Enablers of New Venture Creation in the IT Hardware Sector," Entrepreneurship Theory and Practice (42:1) 2018, pp 47-69.
Davidsson, P., Recker, J., and von Briel, F. 2018. "External Enablement of New Venture Creation: A Framework," Academy of Management Perspectives, https://doi.org/10.5465/amp.2017.0163.