MGT 488 - Plunge Class

Description:
This course is the capstone of the entrepreneurship minor, providing fundamental knowledge for starting a business, helping students leverage their prior knowledge from the program, and mentoring them while they start their own business. Students must have minimum $250 to file for state/federal licensing as member of student partnership with other students. Minimum of $1000 if filing alone. May be repeated up to 12 credits. Course will be offered every year (Fall, Winter, and Spring).

Prerequisites:
Prerequisites: ACCT 251 and MGT 200 and MGT 287 and MGT 288 and MGT 289 and MKT 360.

Credits: (3)

Learner Outcomes, Activities and Assessments

Learner Outcome	Activity (optional, but strongly suggested)	Assessment
Students will distinguish the philosophies of the types of revenue based organizational models and governmental based organizational models.	Lecture, readings and research guided by instructor on preferable organization form for their venture.	Students will file local, state, federal permits and financial institution requirements to initiate as a legitimate profit or non-profit organization.
Students will apply the principles of causal and effectual reasoning.	With help of readings and lecture/discussions, students will conduct self-inventories of intellectual, social, professional and financial assets to gain a sense of affordable loss for this project. They will also engage in planning for developing themselves along these four areas.	Graded assignments consisting of personal inventories, implementation plans and task lists will be evalauted by instructor and shared with peers.
Students will employ the fundamental factors and steps needed starting and growing an organization well enough to start an organization.	Students will work as a collegial support group through milestone process including points such as establishing their organization, creating partnership agreements and an exit plan for their ventures. Instructors provide information and mentoring through process.	Students will start organizations by achieving milestones for grade credit and progress on their venture to first sale.
Student will recognize the concepts of cognitive bias, retrospective rationality to explain their own behavior and hazards they may experience in their own decision making.	Readings, presentations and exercises on cognitive bias and entrepreneurial reasoning and the leveraging of diverse perspectives to create value will support the course’s requirement that students not create another look-alike organization that already is in their market.	Quizzes will measure student understanding of terminology and concepts. Reflective assignment at end of course requires the student to incorporate concepts into retrospective analysis of their efforts to see the future. Presentation graded by instructor using rubric.
Demonstrate an improved propensity for entrepreneurial thinking via dimensions such as hope, resiliency, effectual thinking and self efficacy for entrepreneurial activities.	Content delivery structured around application, effectual thinking, & value creation as a value.	Psychological surveys to students beginning and end of course. Improvement is expected on a group level across standard demographic definitions. Results reviewed by instructor and program director.