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The word “entrepreneur” derives from the French words entre, meaning between,” and prendre, meaning “to take.” The word was
originally used to describe people who “take on the risk” between buyers and sellers or who “undertake” a task such as starting a new venture. Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently
control. The subject covers the basic knowledge required to start a business, making use of the full range of entrepreneurship skills.
The purpose of this subject is giving students a clear understanding of what entrepreneurship is and involves, then proceeds to detail the phases in the creation of new venture businesses. This will give a clear idea to start their own start-up businesses by identifying opportunities. Students are expected to understand how the skills for successful entrepreneurship – generating ideas, developing them, seeking financing, managing own businesses, preparing business and marketing plans to sell ideas and plans to potential partners – can be successfully acquired. They will also learn to identify the risks associated with entrepreneurship and develop strategies to minimise and manage these risks, while understanding and applying entrepreneurial practices across different business contexts.

On completing the course, students will be able to:

1. Explain the fundamental concepts, theories, and roles of entrepreneurship in different contexts
2. Apply entrepreneurial processes and tools to assess potential business ideas
3. Apply business model, business planning, and entrepreneurial concepts in launching and managing new ventures