Business Construction Project

Code:

MIET0023

Acronym:

PCN

Keywords
Classification	Keyword
OFICIAL	Business Management

Instance: 2023/2024 - 1S

Active?	Yes
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Master in Innovation and Technological Entrepreneurship

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIET	14	Syllabus since 2008/09	2	-	9	42	243

Teaching language

English

Objectives

To endow students with the ability to:

. Develop and complete the execution of a feasibility study

. Produce and defend a business plan supported by all primary and secondary sources of appropriate information.

. Perform practical business hypothesis validation experiments, applying the results of this learning

. Present the project/business to potential investors, in the appropriate form and content

. Work in a group on a specific project, to be carried out within a pre-defined deadline

Learning outcomes and competences

To endow students with the ability to:

. Develop and complete the execution of a feasibility study

. Produce and defend a business plan supported by all primary and secondary sources of appropriate information.

. Perform practical business hypothesis validation experiments, applying the results of this learning

. Present the project/business to potential investors, in the appropriate form and content

. Work in a group on a specific project, to be carried out within a pre-defined deadline

Working method

Presencial

Program

A) Refine and continue the construction of the Feasibility Study started in the previous project course:

1. Description of the Project: Identification and exploration of business scenarios (Business Model Prototyping), Define the project and alternative scenarios, Relationship to the surrounding geographical área.

2. Market Feasibility: Industry description, Industry competitiveness, Market potential, Access to market outlets, Sales projection.

3. Technical Feasibility: Facility needs, Suitability of production technology, Availability and suitability of site location, Raw materials, Other inputs.

4. Financial/Economic Feasibility: Estimate the total capital requirements, Estimate equity and credit needs, Budget expected costs and returns of various alternatives, Prepare and justify pro forma financial statements: balance sheet, income statement and statement of cash flows

5. Organizational/Managerial Feasibility: Business structure, Business founders

6. Study Conclusions

B) Business Plan and Business Plan Presentation.

Mandatory literature

William D. Bygrave and Andrew Zacharakis; Entrepreneurship - 2nd edition, John Wiley & Son, 2011. ISBN: 978-0-470-45037-6
Jeffrey A. Timmons, Stephen Spinelly; New Venture Creation; Entrepreneurship for the 21st Century - 8th edition. ISBN: 10:0078029104
Farrukh C., Probert D.; T-Plan, The Fast Start to Technology Roadmapping, IFM - University of Cambridge. ISBN: 78102546094
Steve G. Blank; The Four Steps to the Epiphany - 2nd Edition, Self Published, 2013. ISBN: 10-0989200507
Geoffrey A. Moore; Crossing the Chasm, 3rd Edition: Marketing and Selling Disruptive Products to Mainstream Customers, Harper Business, 2014. ISBN: 978-0062292988

Teaching methods and learning activities

The weekly working sessions are organised with a view to the objectives set out above. Thus, the class is divided into teams consisting of groups preferably of 4 to 6 students.

These sessions are structured by combining (i) "OnStage" sessions with presentation of the projects by each group, in interactive debate sessions with each group and with the class, and (ii) "OneToOne" sessions of individual interaction of each group with each teacher, in a scheme in which each group interacts with all teachers, collecting diverse and complementary feedback.

At the end of each session a period of focus is established for the students with presentation of the contents and priorities for the next session.

Calculation of the Final Classification

1st evaluation:   18.0%

2nd evaluation:  21.5%.

3rd evaluation:   60.5%

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Trabalho escrito	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Elaboração de projeto	201,00
Frequência das aulas	42,00
Total:	243,00

Eligibility for exams

According to standard evaluation standards, Article 4.
Distributed evaluation with minimum classification of 40%

Calculation formula of final grade

Individual evaluation     30%

    1st evaluation 25%

    2nd evaluation 25%

    3rd evaluation 50%

Group rating                 70%

    1st evaluation 15%

    2nd evaluation 20%

    3rd evaluation 65%

Participation in the evaluation sessions is mandatory, and the group evaluation has a component of 60% for the submitted documents and another component of 40% for the presence of the student

The non-presence of the student can be replaced by direct and active online presence, provided that it is duly justified according to the requirements of the FEUP Regulations; otherwise the student loses the right to 40%.

Assessments follow assessment rubrics distributed to students.

Special assessment (TE, DA, ...)

The Special Assessment will be carried out in a single final evaluation, together with the 3rd evaluation of the remaining students and will be composed of:

Individual evaluation 30%

Group evaluation       70% when applicable

Classification improvement

N/A

Observations

Signature of Confidentiality Agreement Required

This Curricular Unit can only be completed by MIETE students

Full participation of at least 75% of the sessions is mandatory, through attendance subscription, except for students subject to Special Assessment who only have mandatory face-to-face participation in the final single evaluation.