Director and Jim Moran Professor of Entrepreneurship: Jim Combs; Jim Moran Professors of Business Administration: Combs, Hochwarter, Ranft; Professor: Combs; Associate Professor: Ranft; Assistant Professor: Holcomb; Assistants in Entrepreneurship: Blass, Dever, Presnell
The undergraduate major in entrepreneurship is designed for those who want to learn more about opportunity recognition and evaluation, and new venture start-up and growth. Students admitted into this major will participate in courses and seminars staffed by faculty members, as well as entrepreneurs and business owners/managers. Students will have opportunities to learn firsthand what is needed to start a new business venture, and to run an existing business.
The purpose of the Entrepreneurship major is to give students the knowledge, skills, and confidence to start, run, and grow their own business.
Students who successfully complete the Entrepreneurship major will receive a Bachelor of Science (BS) degree in business administration with a major in entrepreneurship.
All undergraduates at Florida State University must demonstrate basic computer skills competency prior to graduation. As necessary computer competency skills vary from discipline to discipline, each major determines the courses needed to satisfy this requirement. Undergraduate majors in entrepreneurship satisfy this requirement by earning a grade of "C–" or higher in CGS 2100.
The State of Florida has identified common program prerequisites for this University degree program. Specific prerequisites are required for admission into the upper-division program and must be completed by the student at either a community college or a state university prior to being admitted to this program. Students may be admitted into the University without completing the prerequisites, but may not be admitted into the program.
At the time this document was published, some common program prerequisites were undergoing revision. Please visit http://facts23.facts.org/navigation/detail_ext/cpp_intro.do?pageId=070505 for a current list of state-approved prerequisites.
The following lists the common program prerequisites or their substitutions necessary for admission into this upper-division degree program:
All students must complete: (1) the University-wide baccalaureate degree requirements summarized in the "Undergraduate Degree Requirements" chapter of this General Bulletin; (2) the State of Florida common prerequisites for entrepreneurship majors; (3) the general business core requirements for entrepreneurship majors; (4) the general business breadth requirements for entrepreneurship majors; and (5) the major area requirements for entrepreneurship majors.
Note: The entrepreneurship major is a limited access program. The entrepreneurship major is designed to take three years. Students must apply for admission to the entrepreneurship major in the Spring of their first year. Students must apply online to the Jim Moran Institute (http://www.cob.fsu.edu/jmi/) before the announced deadline each Spring semester. Admitted students will take 2000-level entrepreneurship core requirements in their second year. Students must meet the admission requirements of the College of Business by the end of their second year in order to continue in the major. The College of Business admission requirements are described in the "College of Business" chapter of this General Bulletin.
All entrepreneurship majors must complete the following five courses. A grade of "C–" or better must be earned in each course.
BUL 3310 The Legal and Ethical Environment of Business (3)
FIN 3403 Financial Management of the Firm (3)
GEB 3213 Business Communication (3)
MAN 3240 Organizational Behavior (3)
MAR 3023 Basic Marketing Concepts (3)
All entrepreneurship majors must complete three courses as follows. Each course selected must be completed with a grade of "C–" or better. No course may be used to satisfy part of the general business breadth requirements and part of the major area requirements.
RMI 3011 Risk Management/Insurance (3)
MAN 4720 Strategic Management and Business Policy (3)
Plus one elective from the following list of courses:
FIN 3244 Financial Markets, Institutions, and International Finance Systems (3)
HFT 3240 Managing Service Organizations (3)
ISM 3003 Foundations of Management Information Systems (3)
MAN 3600 Multinational Business Operations (3)
MAR 3400 Professional Selling (3)
QMB 3200 Quantitative Methods for Business Decisions (3)
REE 3043 Real Estate (3)
All entrepreneurship majors must complete nineteen credit hours as listed below. A grade of "C–" or better must be earned in each course used to satisfy the entrepreneurship major area requirements.
ENT 2010. Creating and Managing New Ventures (2).
ENT 2010L. Creating and Managing New Ventures Laboratory (1).
ENT 2011. Managing and Harvesting New Ventures (2).
ENT 2011L. Managing and Harvesting New Ventures Laboratory (1).
ENT 3413. New Venture Finance (3).
ENT 4014. Creating New Ventures I: Opportunity Recognition and Market Feasibility (3).
ENT 4115. Creating New Ventures II: Business Planning and Competing for Capital (3).
Plus four credit hours from the following list of courses:
ENT 3123. Corporate Venturing and Entrepreneurial Strategies (2).
ENT 3173. Franchising (2).
ENT 3183. Commercializing New Technologies (2).
ENT 3203. Managing New Venture Growth (2).
ENT 3273. Family Business (2).
ENT 3283. Women and Minorities in New Ventures (2).
ENT 3503. Social Entrepreneurship (2).
ENT 4944. Seminar in Small Business Analysis and Consultation (4).
Students who have been admitted to the College of Business but who are not majoring in entrepreneurship can obtain a Certificate in Entrepreneurship. This is a certificate credential and not a university-degree program leading to a diploma. Students completing the certificate will gain knowledge about how to initiate and manage new ventures, sources of funding, and business planning. Students interested in a Certificate in Entrepreneurship must apply online to the Jim Moran Institute (http://www.cob.fsu.edu/jmi/) before the announced deadline each semester. Applicants must possess a GPA of at least 3.2 to apply, but are not guaranteed admission. Evidence of prior entrepreneurial activity and interest are also part of the selection criteria. Students must complete the program within three years. No transfer credits will be accepted.
ENT 3003. Introduction to Entrepreneurship (3).
ENT 3423. Funding Sources for Entrepreneurial Opportunities (3).
ENT 4114. New Venture Creation (3).
Plus four credit hours from the following list of courses:
ENT 3183. Commercializing New Technologies (2).
ENT 3123. Corporate Venturing and Entrepreneurial Strategies (2).
ENT 3273. Family Business (2).
ENT 3173. Franchising (2).
ENT 3203. Managing New Venture Growth (2).
ENT 3503. Social Entrepreneurship (2).
ENT 3283. Women and Minorities in New Ventures (2).
ENT—Entrepreneurship
ENT 2010. Creating and Managing New Ventures (2). Prerequisite: Admission to the major. Corequisites: ACG 2021 and ENT 2010L. This is the first in a two-course sequence for second-year students designed to immerse Entrepreneurship majors into the dynamics of starting and running a business. Course content focuses on opportunity recognition, researching financial viability of business ventures, and marshalling resources (among them, financial, human, technical, and motivational) to launch businesses. Students prepare mini-business plans.
ENT 2010L. Creating and Managing New Ventures Laboratory (1). Prerequisite: Admission to the major. Corequisites: ACG 2021 and ENT 2010. Mini-business plans developed in ENT 2010L are funded by the Jim Moran Institute for Global Entrepreneurship and students actually launch and manage the business.
ENT 2011. Managing and Harvesting New Ventures (2). Prerequisites: Admission to major, ACG 2071, as well as ENT 2010 and ENT 2010L. Corequisites: ACG 2071 and ENT 2011L. A continuation of ENT 2010, this course focuses on growing and exiting a business. Additional course content exposes students to the basics of entrepreneurial law, negotiation, and understanding financial statements.
ENT 2011L. Managing and Harvesting New Ventures Laboratory (1). Prerequisites: Admission to major, ACG 2021, as well as ENT 2010 and ENT 2010L. Corequisites: ACG 2071 and ENT 2011. A continuation of ENT 2010L, this course focuses on growing and running the micro-business throughout the academic year with planned liquidation and shutdown (Harvesting) at the end of the academic year.
ENT 3003. Introduction to Entrepreneurship (3). Corequisites: BUL 3310 or BUL 3330. This course exposes students to the knowledge and skills required to be a successful entrepreneur. Topics include challenges of entrepreneurship, marketing and financial concerns, and management issues.
ENT 3123. Corporate Venturing and Entrepreneurial Strategies (2). Corequisites: ENT 3003 or both ENT 2010 and ENT 2011. This course focuses on entrepreneurship in existing organizations. Course material centers on how established organizations can be entrepreneurial, how the corporate entrepreneurship process works, and the role of individuals in promoting entrepreneurship in their organizations. The course also explores how entrepreneurs can recognize and investigate business opportunities for established firms, and how entrepreneurs gain support for their ventures in an organizational context.
ENT 3173. Franchising (2). Corequisites: ENT 3003 or both ENT 2010 and ENT 2011. This course focuses on the special role of franchising as a form of entrepreneurship in the U.S. and international economies. Topics include success rates of franchisors and franchisees, advantages and disadvantages of franchising for both franchisors and franchisees, the process of franchising a business idea, and the process of selecting and working with a franchisor.
ENT 3183. Commercializing New Technologies (2). Corequisites: ENT 3003 or both ENT 2010 and ENT 2011. This course focuses on the new product development process, with special emphasis on legal and intellectual property regulations. Topics include the process through which new product ideas emerge, alternative routes to market, and protection of intellectual property.
ENT 3203. Managing New Venture Growth (2). Corequisites: ENT 3003 or both ENT 2010 and ENT 2011. This course addresses the management of rapidly growing entrepreneurial firms. Topics include building an infrastructure, planning stage financing, managing under adversity, and managing a business with rapid growth.
ENT 3273. Family Business (2). Corequisites: ENT 3003, ENT 2010, and ENT 2011. This course covers special issues facing entrepreneurial and family businesses: choice of organizational form, business planning, tax and compensation planning, business valuation, and succession strategies. Time is also devoted to the unique challenges often found in family business context, such as dealing with family conflicts, how to motivate and evaluate employees when a mix of family and non-members are involved, and planning for succession.
ENT 3283. Women and Minorities in New Ventures (2). Corequisites: ENT 3003 or both ENT 2010 and ENT 2011. This course focuses on the emergence and current impact of women- and minority-owned business. The course also considers special challenges and opportunities that women and minority entrepreneurs confront. Course may include discussions with successful women and minority business owners.
ENT 3413. New Venture Finance (3). Prerequisites: Admission to the College of Business, as well as "B-" or better in ENT 2010 and ENT 2011. Corequisite: FIN 3403. This course covers various aspects of financing an entrepreneurial venture. Major topics include attracting seed and growth capital from sources such as venture capital, investment banking, government, and commercial banks. Among the issues discussed are valuing a company, going public, selling out, acquisitions, bankruptcy, different legal forms of organization, partnerships, and taxes.
ENT 3423. Funding Sources for Entrepreneurial Opportunities (3). Corequisites: ENT 3003 or both ENT 2010, ENT 2011. This course covers various aspects of financing an entrepreneurial venture. Major topics include attracting seed and growth capital from sources such as venture capital, investment banking, government, and commercial banks. Among the issues discussed are valuing a company, going public, selling out, acquisitions, bankruptcy, different legal forms of organization, partnerships, and taxes.
ENT 3503. Social Entrepreneurship (2). Corequisites: ENT 3003 or both ENT 2010 and ENT 2011. This course is about the opportunities and challenges of creating new ventures that also solve social problems and make a positive difference in the lives of others. Focus is on organization with an explicit civic mission or social purpose, including well-known nonprofits and well-regarded for profits. Students also receive a historical context for considering social enterprises.
ENT 4014. Creating New Ventures I: Opportunity Recognition and Market Feasibility (3). Prerequisite: ENT 3413. This is the first in a two-course series for seniors in which students complete a business plan for the creation of a new venture and construct a tradeshow booth to promote their venture. In this first course, students learn how to identify emerging opportunities for goods or services and demonstrate the need for such goods or services through market research. Students have the opportunity to collaborate with the university technology transfer office and a campus inventor to investigate the feasibility of a new technology. Students also learn about the technology commercialization process and the legal environment of technology commercialization.
ENT 4114. New Venture Creation (3). Corequisites: ENT 3003 and ENT 3423. Students have the opportunity to complete a business plan for the creation of a new venture. In the process of development, they identify new or emerging opportunities for providing goods or services, demonstrate the need for such goods or services through market research, and develop financial statements for the proposed venture.
ENT 4115. Creating New Ventures II: Business Planning and Competing for Capital (3). Prerequisite: ENT 4014. This is the second course in a two-course series for seniors in which students complete a business plan for the creation of a new venture and construct a tradeshow booth to promote their venture. In this course, students learn the business planning process and take a highly feasible idea from ENT 4014 and develop a complete business plan and tradeshow booth. Students are also be exposed to concepts of entrepreneurial marketing and human resource management.
ENT 4944. Seminar in Small Business Analysis and Consultation (4). Prerequisite: Instructor permission. Corequisite: ENT 3413. Selected seminars complemented by a 10-week, two-person student consulting team working with a local area entrepreneurial client. Closely supervised consultation with a comprehensive consulting report provided for each client. Effort is placed on developing proficiencies in a range of skills required to practice consulting.