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Entrepreneurship Minor

Management Studies
Labovitz School of Business and Economics
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Spring 2018
  • Required credits in this minor: 12
Entrepreneurship focuses on the creation of social and economic value by developing core capabilities of idea generation, opportunity recognition, resource acquisition, and entrepreneurial management. The skills and competencies gained by studying entrepreneurship are vital for the success of any business or organization such as nascent startup, corporation, family, nonprofit, global, or franchise. The Entrepreneurship Minor is an interdisciplinary business minor that augments any degree program in which students learn about product/idea generation, resource acquisition, and aspects of entrepreneurial and new venture management. The minor provides knowledge and skills to develop new products, services, and organizations providing social and economic value. The minor is designed to supplement any major such that students acquire capabilities needed to mobilize the support necessary for the creation of new products and services and/or the creation of one's own company.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
Students must complete 60 credits before admission to the program.
A GPA above 2.0 is preferred for the following:
  • 2.60 already admitted to the degree-granting college
  • 2.60 transferring from another University of Minnesota college
  • 2.60 transferring from outside the University
LSBE majors must meet all pre-major BBA or BAc requirements before applying for candidacy, and the form to declare an Entrepreneurship Minor may be submitted with the application for candidacy or any time after formal admission to an LSBE degree program.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Minor Requirements
Requirements (12 cr)
BLAW 3201 - Law for Entrepreneurs (3.0 cr)
MGTS 4472 - Entrepreneurship (3.0 cr)
MGTS 4921 - Entrepreneurial Finance (3.0 cr)
Elective
Take 1 or more course(s) totaling 3 or more credit(s) from the following:
· MGTS 4443 - Teams in Organizations (3.0 cr)
· MGTS 4473 - Management of Innovation and Technology (3.0 cr)
· MGTS 4475 - Negotiations, Bargaining and Conflict Resolution (3.0 cr)
· MGTS 4931 - Family Business Management (3.0 cr)
· MGTS 4941 - Social Entrepreneurship (3.0 cr)
· MGTS 4951 - Environmental Entrepreneurship (3.0 cr)
· MKTG 3721 - Social Media Marketing (3.0 cr)
· MKTG 4741 - Developing and Marketing New Products (3.0 cr)
 
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BLAW 3201 - Law for Entrepreneurs
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall
Introduction to legal topics relevant to entrepreneurs, including law of agency, government regulation of employment, property and bailments, forms of business organizations bankruptcy. prereq: LSBE candidate or college consent
MGTS 4472 - Entrepreneurship
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Every Fall
Seminar on the fundamentals of entrepreneurship, the characteristics of entrepreneurs, and the life cycle of a new venture: creating and starting a new venture; financing the new venture; managing, growing, and ending the new venture. prereq: LSBE candidate or approved non-LSBE Organizational Management minor or college consent
MGTS 4921 - Entrepreneurial Finance
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
Course topics include raising seed and growth capital from venture capital, business angels, investment banking, commercial banking, and bootstrapping sources, and understanding financial problems unique to the small and medium sized firms undergoing rapid growth. The course examines proposals made to venture capital firms, particularly in terms of their financial viability as well as financial management for entrepreneurs over the life of business project. Includes financing start-ups, financial planning for the nonpublic smaller enterprise, going public, selling out, bankruptcy, sources of capital, and other related topics. prereq: LSBE candidate, FMIS 3601, no grad credit
MGTS 4443 - Teams in Organizations
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Examines effective design and management of a variety of groups in organizations, including work groups, task forces, self-managed teams and coalitions. Covers group composition, goals, processes, and effectiveness; includes leadership, managing external relationships, and performance measurement. prereq: LSBE candidate, 3401 or instructor consent
MGTS 4473 - Management of Innovation and Technology
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall
Issues related to achieving maximum leverage from innovation competencies, skills, and resources. Factors distinguishing high-innovation companies, strategies for innovation, internal and external conditions, and market consequences of innovation. Integration of technology within the strategic management process. prereq: 3401, LSBE candidate or college consent
MGTS 4475 - Negotiations, Bargaining and Conflict Resolution
Credits: 3.0 [max 3.0]
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
Combines analytical material on the negotiation process, with a series of negotiating experiences, to develop your understanding of, and skills in, negotiating and resolving conflicts in business. Covers topics and strategies appropriate for use between people, departments, organizations and countries, across a variety of industries. prereq: LSBE candidate, 3401 or instructor consent
MGTS 4931 - Family Business Management
Credits: 3.0 [max 3.0]
Prerequisites: 3401 or 3801, 4472, LSBE candidate or college consent; no grad credit
Grading Basis: A-F or Aud
Typically offered: Every Spring & Summer
Family Business Management provides an introduction to understanding family owned, controlled, and influenced businesses. Family Businesses are the most prevalent form of business organization all over the world. The course introduces the unique issues that arise due to the interaction of the family system with the business system. Issues such as governance, entrepreneurship, succession, growth, internationalization, strategy, and leadership are discussed in the context of family business management. The influence of family on the business values, goals, behavior, and performance is described. Finally, the management of non-family employees in family businesses is covered. prereq: 3401 or 3801, 4472, LSBE candidate or college consent; no grad credit
MGTS 4941 - Social Entrepreneurship
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Spring
This course introduces students to the field of social entrepreneurship, the practice of identifying, designing, starting and growing successful mission-driven for profit and nonprofit ventures. These include non-profit enterprises designed to respond to a special social, need, as well as more traditional ventures working to incorporate socially-responsible practices into their business models. The course provides an overview of the processes, challenges, and demands associated with creating ventures that seek to integrate financial and social/environmental benchmarks of success. This course is designed to appeal to those who want to learn more about enterprise in business and social contexts. prereq: LSBE candidate or college consent, no grad credit
MGTS 4951 - Environmental Entrepreneurship
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
This course introduces students to the field of environmental entrepreneurship. Students will have the opportunity to learn about the screening and surveillance approach to the market, using the available resources, realizing ideas that are based on solving an environmental problem, and how to introduce successful solutions that will create financial turnover and influence market structures and even creative destruction leading to a more sustainable future. The course provides an overview of the processes, challenges, and demands associated with creating ventures that seek to integrate financial and environmental benchmarks of success. Additionally, the course introduces students to potential opportunities for environmentally related products, services, and markets. This course is designed to appeal to those who want to learn more about enterprise in business and environmental contexts. prereq: 4472, LSBE candidate or college consent; no grad credit
MKTG 3721 - Social Media Marketing
Credits: 3.0 [max 3.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall
This course provides an overview of various aspects of social media marketing, including: (1) the social media planning process (2) how social media marketing platforms are coordinated with other traditional promotional elements (advertising, public relations, consumer promotion, customer service, personal selling) as a part of an integrated marketing communications campaign. prereq: 3701, LSBE Candidate or college consent
MKTG 4741 - Developing and Marketing New Products
Credits: 3.0 [max 3.0]
Prerequisites: MGTS 3701 or MKTG 3701, LSBE candidate or Graphic Design and Marketing majors or college consent
Grading Basis: A-F only
Typically offered: Periodic Fall & Spring
A marketing-oriented new products management course that explores the new product development process with a focus on marketing strategies for the planning, development and launch of new products and services. prereq: MGTS 3701 or MKTG 3701, LSBE candidate or Graphic Design and Marketing majors or college consent