Students come together to study entrepreneurship
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No single way exists to start, develop and manage a business. In a
new course on entrepreneurship offered this semester by the
DeGroote School of Business, students from across McMaster
University will be exposed to the challenges and hurdles
entrepreneurs face when developing a new business.
The brainchild of DeGroote's new Teresa Cascioli Chair in
Entrepreneurial Leadership, Benson Honig, the course brings together
teams of graduate students from different academic orientations to
explore entrepreneurship.
"Entrepreneurship is a heterogeneous phenomenon. It involves
people with a wide range of experiences, backgrounds, and academic
and practical experience," explains Honig. "Regardless of your future
plans and hopes, this class can benefit you regarding how you think
and act, from an entrepreneurial perspective, also addressing issues
such as career goals and lifestyle choices."
The course, appropriately entitled Entrepreneurship from a
Diverse University Base (Business B748), is open to students from all
faculties at McMaster. Including students from a variety of
backgrounds ensures that the class dynamic will be cross-disciplinary
and interactive - much like entrepreneurial ventures. Students will
focus on research activities, contingency planning, and both the
strengths and weaknesses of conventional business planning. They
will also explore the theoretical and empirical study of
entrepreneurship, entrepreneurship promotion, development,
support, and life-cycle.
By becoming familiar with the most typical, effective, and
characteristic methods for new venture development, students will be
able to apply current theoretical frameworks to their future
entrepreneurial activities. Various guest speakers will join the class
throughout the term, allowing students to test theory with practice
from experienced entrepreneurs, investors and business leaders. In
addition the course will provide an opportunity to develop networks
for accessing varied resources for entrepreneurial ventures
The class consists of learning about risk and failure, and growing
from the experience. It is about learning to forge ideas into workable
business concepts, research them, commit them to paper, and
present them in a way to be tested to the demands of the market.
Students must write at a top level, argue the potential of their ideas,
and convince people like bankers, CEO's, CFO's, angel investors, and
others that their ideas are worth being born in the marketplace.
While the course for this semester has already begun, interested
students are invited to talk with Honig regarding their interest in
taking the class in the future.
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