The aim of the course is to learn how to write a business plan based on theoretical input and practical application. This is one of the most important pillars in entrepreneurship training. To achieve the learning outcome, students will closely work together with idea providers and start-ups whose innovative business ideas are about to be implemented. Through the interaction with lecturers, external coaches, and project partners, students get insights into the field of entrepreneurship and innovation.

After successfully completing the project course "Business Planning", students will have learned and/or applied the following competences and skills:

Technical and professional skills:

• conceptualize an innovative business idea
• analyze and assess the marketability
• develop a suitable business model
• write a business plan
• develop a financial plan
• learn how to create a pitch deck
• review and further develop approaches and assumptions with iterative tests and feedback loops

Transferable skills:

• experience group processes and dynamics in heterogeneous teams and reflect on them
• independently structure and handle complex innovation projects in teams
• practice project management skills and train communication skills
• create result-oriented presentations and reports
• identify synergy effects in interdisciplinary collaboration and learn how to benefit from them

In addition, students will have...

• trained their skills in dealing with a real innovation project and gained experience with tolerance for ambiguity
• trained and expanded their skills in professional written and oral communication
• learned how to use complex and effective tools (e.g. databases) for researching and obtaining data for a task
• trained how to present information convincingly.

To complete this course with a positive grade, students must attend 80% of scheduled classes (exception: 100% attendance at literature test, kick-off, mid-term and final presentation as well as the E&I Touchdown event).

E&I Business Planning consists of classes for all students and individual team coaching sessions. There are three coaching sessions à approx. 1 hour. Each team individually schedules a time slot with the lecturer on the following days

• October 28, 2021
• December 2, 2021
• January 13, 2022

Other than the coaching session, there is no class taking place on these days.

Furthermore, there will be a mid-term and a final presentation of the project. Each team individually schedules a time slot with the lecturer and the project partner within the time period of

• December 13-17, 2021 (mid-term presentation)
• January 17-21, 2022 (final presentation)

Except for literature test and kick-off, all other dates shown are subject to change! More detailed information can be found at the introductory event and at the kick-off. Most dates are either arranged individually with course instructors and project partners or take place externally. This is not unusual for innovation projects. Exact dates for the presentations, workshops and coachings will follow at the Kick-off.

• Self-study literature package including performance assessment at the beginning of the semester (the literature list can be found in the download area on Learn@WU)
• kick-off event with theoretical input, project selection, project partner meeting, and networking
• Teamwork during the semester
• Work on a real project in your project team under the guidance of the lecturers and with support of external coaches
• Collaborate with a project partner
• Milestone meetings with the project partner
• Workshops on several topics (i.a. financial planning, marketing)
• Presentation and discussion of results
• Business Plan in form of a written report and a final presentation

Performance is assessed based on individual as well as group work throughout the semester.

Grading system:

60% Group-based performance

• 10% Midterm presentation
• 10% Midterm report
• 20% Final presentation
• 20% Final report

40% Individual performance

• 10% Literature test
• 25% ongoing participation and project management
• 5% Reflection essay

Add. 1. Literature test

The literature test takes place on the WU campus on October 1st, 2021, from 8:00 - 8:30 am. Please take any delay due to checking of the 3G rules into account and plan to arrive early. The test examines the basic and in-depth knowledge that is absolutely necessary for the participation in the projects. Therefore, you can find a literature list @learn with basic literature and course-specific additional literature for self-study. If you fail the literature test (less than 50%), you will be automatically transferred to the Analyst Support Program. As a student in the Analyst Support Program (ASP), you will work individually instead of working on a group-based project during the semester. The course instructors are responsible for the design of the program. In case of non-participation (e.g. due to illness) a medical certificate must be presented. For this purpose, a substitute exam will be offered

Students enrolled in the Entrepreneurship and Innovation Specialization Program.

Please note that course registration is binding. The moment your registration is received, it is regarded as a clear commitment on your part. Students cannot transfer to another course (once the add/drop period is over) with no exceptions, as it would be unfair to other students (who might not have gotten into the course of their choice because of the spot you registered for). The number of students accepted to the course will only be expanded if there is no space in any other course 4/5.

Attention: the obligatory literature test will be held on 1 October 2021 between 8 and 9 am. Course participation is only possible by passing the literature test – if you cannot attend the test, we kindly ask you to not register for this course. Detailed information regarding contents and location of the test will be provided after the registration phase for this course. The literature test in this course overlaps with other courses within Course 4&5 of the specialization Entrepreneurship & Innovation. A parallel attendance of these courses is not possible.

sophie.quach@wu.ac.at