UNIVERSITY FACULTY SENATE FORMS
Academic Program Approval
This form is a routing document for the approval of new
and revised academic programs. Proposing department should
complete this form. For more
information, call the Faculty Senate Office at 831-2921.
Submitted by: __Scott Jones________________________phone
number_____8278_______
Department: _Alfred
email address___
Action: ____Add Minor in Entrepreneurial Studies_______________________________________________
(Example: add major/minor/concentration, delete
major/minor/concentration, revise
major/minor/concentration, academic unit
name change, request for permanent status, policy change, etc.)
Effective term___________________07F_________________________________________________________________
(use format
04F, 05W)
Current degree___________BSBA________________________________________________
(Example: BA, BACH, BACJ, HBA, EDD, MA, MBA, etc.)
Proposed change leads to the
degree of: ____________Minor__________________________
(Example: BA,
BACH, BACJ, HBA,
Proposed name:____ Entrepreneurial
Studies__________________________
Proposed new name for revised
or new major / minor / concentration / academic unit
(if applicable)
Revising or Deleting:
Undergraduate major / Concentration:______________________________________
(Example: Applied Music – Instrumental degree BMAS)
Undergraduate minor:____________________________________________________
(Example: African
Studies, Business
Administration, English, Leadership,
etc.)
Graduate Program Policy statement change:_________________________________
(Must attach your
Graduate Program Policy Statement)
Graduate Program of Study:______________________________________________
(Example: Animal Science: MS Animal Science: PHD
Economics: MA Economics: PHD)
Graduate minor / concentration:___________________________________________
Note: all graduate studies
proposals must include an electronic copy of the Graduate Program Policy
Document, highlighting the changes made to the original policy document.
List new courses required for
the new or revised curriculum. How do they support the overall program
objectives of the major/minor/concentrations)?
(Be aware that approval
of the curriculum is dependent upon these courses successfully passing through
the Course Challenge list. If there are no new courses enter “None”)
ECON 350: Economics and
Entrepreneurship Focus on entrepreneurship and specifically the economics
(micro, fiscal policy, regulatory, and international trade) issues surrounding
developing a business. (Previously taught experimental course, to be made
permanent) 3 cr.
ENTR 460: High Technology
Entrepreneurship- Focus on high technology entrepreneurship and the special
problems associated with technical product development, intellectual property
and venture capital. (Undergraduate version of BUEC 860 offered experimentally
in Spring 2006 in conjunction with ELEG 460) 3 cr.
ENTR 301: Introductory
Entrepreneurship- Focus on developing and launching a business with specific
attention to market research, and analysis and business model development. (Offered experimentally ENTR367 in 2005 and
2006)
ENTR 410 Business Venture
Competition I (3 cr) and ENTR 411 Business Venture Competition II (3
cr.): A two semester experiential course where the student researches and
analyzes the market, develops the business concept, writes the business plan,
and presents the venture in a competition judged by professional investors and
service providers. (The Business Plan
Competition was offered in 2005 and 2006 as an extracurricular activity for no
credit, see http://www.lerner.udel.edu/ES/BPC/
) Prereq: ENTR
301.
ENTR 364: Internship. Students may
receive credit for supervised work in an approved internship with a startup
venture or private equity investor. Prereq: ENTR 301.
Explain, when appropriate,
how this new/revised curriculum supports the 10 goals of undergraduate
education: http://www.ugs.udel.edu/gened/
Conceptualizing, developing, and
launching your own business or working within an entrepreneurial venture places
the individual in a uniquely challenging environment. At every instance in time during the creation
and early life of a new business (for profit or non-for-profit), the individual
is challenged to think about their idea and integrate knowledge from all
domains. The common theme that most
entrepreneurs openly discuss is that you have never experienced anything like
“making payroll” each and every month.
When people depend on the entrepreneur for survival, the lessons are
real and challenging. Being an
entrepreneur is not just about having a good idea, but solving one of the key
problems- getting someone to pay for that idea.
This requires understanding people, the global supply chain, and a
constant moral reflection on what you are doing and why.
Identify other units affected
by the proposed changes:
(Attach permission from the affected units. If no other unit is affected, enter “None”)
Letters of support from Food & Resource Economics,
Leadership, and Hotel Restaurant, and Institutional Management are included
with this submission.
Describe the rationale for
the proposed program change(s):
(Explain your reasons for creating, revising, or deleting the
curriculum or program.)
The last decade of economic activity has created a demand for
entrepreneurial education far greater than what we have known in the latter
half of the 20th century. The current
college student has grown up in an era where their parents were no longer
assured of a lifetime job in corporate
Historically,
Why is entrepreneurship a different subject? In one sense, it really isn’t, it is an
approach or way of thinking about a problem.
Entrepreneurs still require the functional skills of management,
marketing, finance, and accounting. But
to be a successful entrepreneur, you must be able to integrate these subjects
and wear many hats simultaneously. The
typical business curriculum emphasizes breadth early, but by the senior year
the student’s education is highly functional.
Entrepreneurship focuses the student all of the time on the multidisciplinary
nature of starting and managing a new business.
The key focus is to develop the student’s thinking so that they never
lose sight of the “vision” for their business endeavor. In addition, many subjects only briefly
discussed in existing coursework need to be emphasized, for example:
• Leadership may be introduced as part of management courses,
but little is done to help students develop these traits and evolve as an
enterprise grows;
• Accounting and Finance subjects focus largely on public
reporting and public equity markets, there is little focus on the issues of
private placement and early-stage business finance;
• Law classes spend considerable time addressing contract law,
tort law, and the UCC; there is little or no coverage of securities laws as
related to private placements, intellectual property law or business formation
and structural issues.
We believe it is important to offer courses that help students
better integrate the business coursework and gain exposure to issues germane to
new business formation. Entrepreneurship
programs help the students at least come to grips with the reality of starting
and operating a business, and provide a somewhat risk-free environment in which
to experiment with their ideas. Historical
enrollment in undergraduate entrepreneurship courses taught by or in
conjunction with the Lerner faculty is presented below.
|
Course |
1999-2001 |
2001/02 |
2002/03 |
2003/04 |
2004/05 |
2005/6 |
|
BUAD
444 |
60 |
60 |
72 |
58 |
65 |
50 |
|
ECON
367 |
|
|
|
100 |
112 |
50
(05F only) |
|
ENTR
367 |
|
|
|
|
33 |
10 |
|
ELEG
460 |
25 |
Not
offered |
30 |
30 |
30 |
30 |
|
ENTR
467 |
|
|
|
|
|
2
(06s only) |
We
have experienced noticeable growth in interest in theses courses, which have
evolved somewhat detached. The objective of this proposal is to make minor
curriculum and course numbering changes, add some new courses, and create an
integrated sequence that will allow the Lerner College to offer a minor in
entrepreneurial studies. The proposed minor
would be available to all University degree programs upon completion of the
Certificate in Business Fundamentals Program, or the equivalent. The minor is structured similarly to the
College’s existing MIS minor. Students
majoring in Business (Management, Marketing, Operations, Finance, Accounting,
MIS, economics) or from business like majors (HRIM, FREC, LEAD)
could complete the minor in Entrepreneurship Studies with as few as 21
credits. Students from non-business
majors would need to complete the Certificate in Business Fundamentals in
addition to the Entrepreneurship studies courses. ACCT 207 and ECON 151 or equivalent
(ACCT 200, ECON 100) are prerequisites for taking required courses in
the Minor.
Resource
impact: Additional resources are not expected to be significant, as the
coursework is currently being offered for credit or as non-credit activities. Enrollment of 35 students per academic year
is currently within the budget constraints of the College. Expansion beyond this level would require
additional resources.
Program Requirements:
(Show the new or revised curriculum as it should appear in the
Course Catalog. If this is a revision,
be sure to indicate the changes being made to the current curriculum and include a side-by-side comparison of
the credit distribution before and after the proposed change.)
Courses:
Foundation
Courses (ACCT 207 and ECON 151 or eqiv.) 6
Required (ECON 350, ENTR 301, ENTR
410, ENTR 411) 12
Elective (1 of following ENTR 460,
BUAD 444,
or other
approved elective) 3
Total 21
Other approved electives:
LEAD 411 Topics in Leadership Dynamics
(permission required)
HRIM 314
Hospitality Entrepreneurship and Value Creation
FREC 430 Establishing and Managing a
Food and Agribusiness
ELEG 460
High Technology Entrepreneurship
Curriculum and graduation
requirements:
ACCT 207,
and ECON 151 are part of your core curriculum and should be completed prior to
enrolling in ENTR courses. ENTR courses will be generally counted as follows:
Accounting Majors:
6 ENTR credits will go into free
electives
6 ENTR credits will go into
"ACCT, BUAD, BUEC, or FINC electives."
3 ENTR credits will be treated as
extra credit.
Business Administration Majors:
6 ENTR credits will go into free
electives
6 ENTR credits will go into
"ACCT, BUAD, BUEC, or FINC electives."
3 ENTR credits will be treated as
extra credit.
Finance Majors:
9 ENTR credits will go into free
electives
3 ENTR credits will go into
"ACCT, BUAD, BUEC, or FINC electives."
3 ENTR credits will be treated as
extra credit.
Economics Majors:
15 ENTR credits are allocated to
free electives or to related work.
Other Majors:
Students in majors outside of the
To enroll in the Entrepreneurship
Minor, during the first semester of the Sophomore
year:
• The student should check with
their advisor to understand how the entrepreneurship minor will fit with your
anticipated course load and how these credits will count towards graduation.
• Completely fill out the change of
minor request form online.
• Submit the application on-line
prior to the due date.
• A letter notifying each student of
his or her application status (accept /decline) will
be sent to the student's permanent address.
Acceptance based on academic standing, motivation for proposed study,
and availability of seats.
ROUTING AND AUTHORIZATION: (Please do not remove supporting
documentation.)
Department Chairperson Date
Dean of College Date
Chairperson, College Curriculum
Committee___________________________________Date_____________________
Chairperson, Senate Com. on UG or GR
Studies Date
Chairperson, Senate Coordinating
Com. Date
Secretary, Faculty Senate Date
Date of Senate Resolution Date
to be Effective
Registrar Program
Code Date
Vice Provost for Academic Programs
& Planning Date
Provost Date
Board of Trustee Notification Date
Revised 5/02/06 /khs