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.

As the interaction with other students as well as external stakeholders is an integral part of this course, active participation in-person is important.

Students must attend at least 80% of all classes and events to successfully complete the course. However, due to their importance in reaching the course goals, 100% attendance is required for the kick-off, mid-term and final presentations as well as the E&I Touchdown event. For the kickoff, absences (up to maximum of 1,5h) due to a scheduled written exam at WU can be excused if the course instructors are notified with a proof of examination before the kickoff.

In general, all absences in the course must be notified to the course instructors via email (if possible in advance) and confirmation (for example a medical certificate, or in case of an exam a note confirming the date of the written examination) must be submitted as soon as possible. Absences can result in additional compensation work to ensure the course's learning outcomes.

E&I Business Planning consists of classes for all students and individual team coaching sessions.

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.

Except for the 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.

Information for E&I students taking a semester abroad that starts in January
At E&I we value the international experience our students get from taking an exchange semester abroad. We also understand that some exchange semesters already start in January, leading to schedule overlaps with our courses. In that case, we will enable you to take the project course. Please inform your course instructors and fellow team members when the semester starts to make the necessary arrangements and counterbalance the absence in the last month by distributing the workload in a fair and reasonable manner among all team members in advance.

• 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
• 15% Final presentation
• 20% Final report
• 5% Touchdown

40% Individual performance

• 10% Kickoff Comprehension Test
• 25% Ongoing participation and project management
• 5% Reflection task

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.

Please log in with your WU account to use all functionalities of read!t. For off-campus access to our licensed electronic resources, remember to activate your VPN connection connection. In case you encounter any technical problems or have questions regarding read!t, please feel free to contact the library at readinglists@wu.ac.at.

richard.olbrecht@wu.ac.at and shtefi.mladenovska@wu.ac.at