Course detail

Principles of Entrepreneurship

FP-BPENEAcad. year: 2025/2026

Course serve basic demarcation of all entrepreneurship area from the point of view theory as well as practice. Course concentrate on the company life curve, i.e. from decision making of potential future entrepreneur about entrepreneurial activity, across process company creation and its management in the area of growth, until survival and decline.

Language of instruction

English

Number of ECTS credits

6

Mode of study

Not applicable.

Entry knowledge

Students must have knowledge of management, marketing, principles of teamwork, team learning and team feedback, and idea development using lean canvas.

Rules for evaluation and completion of the course

Grading and completion rules
To obtain credit, students must complete assignments related to their projects. Assignments are completed during workshops as part of the course. A total of three assignments are completed. Each assignment is graded on a scale of 0 to 10 points. To obtain credit, students must earn at least 15 points. The following are evaluated: activity, teamwork, ability to interpret and present results, accuracy of work, use of assigned approaches and resources, and form of work. The points earned are included in the final exam evaluation for individual assignments in the practical part. Obtaining credit is a prerequisite for admission to the exam.
Exam
The exam takes the form of a team workshop. The exam consists of a practical exam – up to 60 points – and a theoretical knowledge exam – up to 40 points.
Practical part of the exam
Students are divided into teams for the exam. The practical exam involves the gradual completion of four tasks. During the completion and possible presentation and defense, students must demonstrate both practical skills and the ability to work with the assigned tools and their knowledge. Each task is evaluated separately on a scale of 0 to 15 points. The team is evaluated as a whole and has the opportunity to comment on the performance of individual members.
Theoretical part of the exam
Each student receives two theoretical questions. Each question is graded on a scale of 0 to 20 points. This part of the exam is oral. The exam focuses on knowledge of the topics presented in the lectures.

Exam procedure
• The exam lasts 5 hours. There are at least two breaks during the exam.
• Only permitted materials and aids may be used during the exam.
• It is advisable to have a laptop or tablet, or a smartphone, available for the exam.

The final grade is determined by the sum of the points for both parts of the exam and the points from the exercises. The final grade is given on the ECTS scale. Students can use the points earned in the exercises to improve their grades for individual tasks.

Attendance at exercises, workshops, and lectures is mandatory, monitored, and included in the final assessment. Each absence results in a deduction of 2 points from the final assessment. Students may miss a maximum of three activities per semester, including any activities taking place during the exam period. These three absences can be compensated for by additional projects and assignments set by the teacher. Additional assignments must be completed no later than during the credit week.

ABSENCES EXCEEDING 3 TEAM EXERCISES/ACTIVITIES mean FAILURE to complete the course.

Retake exam dates are governed by the study and examination regulations.
Students with an ISP will agree on a written project replacing the 3 sub-tasks as part of the ISP approval process and will take an exam.

Aims

Learning objectives
The aim of the course is to provide students with a systematic understanding of the entrepreneurial process, its key stages, and factors influencing business success.
Knowledge
After completing the course, students will have comprehensive knowledge of the entire entrepreneurial process – from the creation of a business plan to the maturity or possible decline of a company. They will understand the functioning of small businesses in the economy, the principles of innovation, and the factors influencing business success. They will know the key elements of the entrepreneurial process, its stages, and the decision-making steps involved in starting a business, choosing a place of business, or selecting an appropriate business form. They will gain knowledge about creating a business model and business plan, including its assessment from the perspective of an investor or financial institution. They will also learn about the specifics of selected types of companies—startups, family businesses, manufacturing companies, and companies based on teamwork—and gain insight into areas such as franchising, brand building, auditing, investing, and valuation. They will understand the principles of business growth, resource management, internationalization, and the signs of decline and possible bankruptcy. This will enable them to understand the business environment in its dynamic complexity and evaluate business opportunities and risks in various contexts.

Skills:
Students will be able to:
1. Critically analyze and evaluate the business environment.
2. Define, evaluate, and choose the appropriate form of business activity, create a business plan, and present it to various target groups.
3. Analyze and evaluate the position of a business entity in the market.
4. Formulate goals and plans for the development of business activities.
5. Monitor the implementation of business projects.
Competencies:
The course develops analytical and conceptual competencies that enable students to create and evaluate business models and plans and interpret the specifics of different forms of business in different contexts.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BURNS, P. Entrepreneurship and Small Business. UK: Palgrave. 540 pp., 2016. ISBN 978-1-137-43035-9. (EN)
BYGRAVE, William D a Andrew ZACHARAKIS. Entrepreneurship. Hoboken: John Wiley, 2008. ISBN 978-0-471-75545-6. (EN)
HISRICH, Robert D a Michael P PETERS. Entrepreneurship. 4th ed. Boston: Irwin/McGraw-Hill, 1998. ISBN 0256234787. (EN)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme BAK-ESBD Bachelor's 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hours, compulsory

Teacher / Lecturer

Syllabus

1. Company development from establishment to bankruptcy
2. Startups as a specific form of new companies
3. Support for business development
4. Knowledge transfer and its impact on entrepreneurship support
5. Business plans from the perspective of investors/banks
6. Specifics of family businesses
7. Franchising
8. Manufacturing company
9. Company operating on the principle of teamwork
10. Student company and business development during studies
11. Business in the field of auditing, investment, valuation
12. Development of the company's own brand
13. Aspects and differences of doing business abroad

Exercise

13 hours, compulsory

Teacher / Lecturer

Syllabus

Workshop following up on lecture topics. 

Self-study

100 hours, optionally

Teacher / Lecturer

Individual preparation for an ending of the course

17 hours, optionally

Teacher / Lecturer