2015-2016 Catalog

Entrepreneurship (ENTR), School of


Silvernagel (Chair), Batchelor and Clement

Entrepreneurship is a multidisciplinary program within the College of Business and Public Administration. This program will prepare students to design and launch their own ventures, regardless of mission (for profit, not-for-profit or social), or effectively serve existing organizations. Entrepreneurship courses and programs are offered to both business and non-business majors.

The Entrepreneurship Major is designed to help prepare students for effective new venture creation and management. Students majoring in Entrepreneurship will pursue in-depth study of the needs of new and emerging ventures and existing businesses, using an entrepreneurial focus. Additionally, Entrepreneurship majors are challenged to pursue development of their own business ideas and opportunities. While it is not expected that all students in the Entrepreneurship major will establish new ventures immediately upon graduation, there is reason to believe that eventually, many Entrepreneurship graduates will start their own businesses. There is also a three-course Entrepreneurship Track available to business students majoring in one of the other disciplines who would like to add an entrepreneurship emphasis to their educational experience.

The College also offers a sixteen-credit Entrepreneurship Certificate program for non-majors. This program will appear on student transcripts to provide official recognition for completion of this entrepreneurship educational experience. This course sequence will provide opportunities for non-business majors to learn about business and administrative functions and to provide career enhancement. Students will better understand how the business functions will play a role in their future endeavors and how they can succeed in these efforts.

Entrepreneurship students are encouraged to immerse themselves in the practice of entrepreneurship and build a large portfolio of entrepreneur experiences while enrolled in the program. The more engaged the student becomes with the program, the more success and growth is experienced. This experiential learning includes such activities as doing class projects involving innovation and venturing, networking with successful entrepreneurs, getting involved in student groups, or participating in special events like the Department’s own Entrepreneurship Challenge Business Plan Competition.


College of Business and Public Administration


B.B.A. with Major in Entrepreneurship

Required 125 credits (36 of which must be numbered 300 or above, and 60 of which must be from a 4-year institution) including:

I. Essential Studies Requirements (see University ES listing).

II. The College of Business and Public Administration Requirements (see BPA listing) and including:

Pre-Business Core (Required 31 hours)
ACCT 200
  & ACCT 201
Elements of Accounting I
   and Elements of Accounting II
ECON 201Principles of Microeconomics3
ECON 202Principles of Macroeconomics3
ECON 210Introduction to Business and Economic Statistics3
ISBC 117Personal Productivity with Information Technology1
MATH 103
  & MATH 146
College Algebra
   and Applied Calculus I
POLS 115American Government I3
COMM 110Fundamentals of Public Speaking3
Select one of the following:3
Introduction to Cultural Anthropology
Introduction to Psychology
Introduction to Sociology
Business Core (Required 24 hours)
ISBC 317Information Systems in Enterprise3
MRKT 305Marketing Foundations3
MGMT 300Principles of Management3
FIN 310Principles of Financial Management3
ECON 303Money and Banking3
ACCT 315Business Law I3
MGMT 301Operations Management3
MGMT 475Strategic Management3
Courses required for Entrepreneurship Major (Required 27 credit hours)
ENTR 101Introduction to Entrepreneurship3
ENTR 316Entrepreneur Law & Operations3
ENTR 366Imagination, Creativity and Entrepreneurial Thinking3
ENTR 385Venture Initiation3
ENTR 386Venture Accounting and Finance3
ENTR 405New Product Development3
ENTR 450Venture Implementation3
ENTR 497Entrepreneurship Internship or Experiential Learning3
MRKT 311Professional Selling3
Select two of the following:6
Marketing Research
Human Resource Management
Special Topics *
Total Credits88



May be repeated for a limit of 6 credits.

Certificate for Non-Business Majors

ENTR 200Concept Generation and Technology Entrepreneurship1
ENTR 201The Entrepreneur and the Enterprise3
ENTR 305Marketing and Management Concepts for Entrepreneurship3
ENTR 306Accounting and Financial Concepts for Entrepreneurship3
ENTR 366Imagination, Creativity and Entrepreneurial Thinking3
ENTR 385Venture Initiation3
Total Credits16

Entrepreneurship Track for Business Majors

ENTR 366Imagination, Creativity and Entrepreneurial Thinking3
ENTR 385Venture Initiation3
ENTR 386Venture Accounting and Finance3
Total Credits9


ENTR 101. Introduction to Entrepreneurship. 3 Credits.

ENTR 101 is an introductory course structured to provide a firm basis as to the critical role entrepreneurs and entrepreneurship plays in the global economy. Entrepreneurship will be analyzed, debated, assessed, and explored experientially throughout the semester from an interdisciplinary perspective. Entrepreneurship will be viewed as a manageable process and way of thinking, acting, and behaving applicable not only to business endeavors, but to everyday problems existing in the workplace and society. F,S.

ENTR 200. Concept Generation and Technology Entrepreneurship. 1-3 Credits.

Technical Entrepreneurship is an introductory course for non-business majors to explore important foundational concepts of entrepreneurship, including technical feasibility, marketability, intellectual property (IP) protection, technology transfer, and venture initiation. This course is team-taught by one business school faculty member and one faculty member from a technology-oriented discipline. Not repeatable. F,S.

ENTR 201. The Entrepreneur and the Enterprise. 3 Credits.

Introductory course that explores the relationship between ideas, entrepreneurs, markets, and enterprise. Topics include: What is an enterprise?, opportunity discovery, market feasibility, enterprise economics and profitability. Prerequisites: ENTR 200 or instructor consent. F.

ENTR 305. Marketing and Management Concepts for Entrepreneurship. 3 Credits.

This course is an introduction to the nature, significance and role of marketing and management in today's society. The main objective is to explore business functions from both management and marketing perspectives. By combining the two disciplines, this course provides the prerequisite understanding needed by non-business undergraduate students pursuing further education in business. It will point out the skills that managers must apply to meet crucial goals. Course will not count towards graduation if taken by a College of Business and Public Administration student. Prerequisites: ENTR 201 or instructor consent. F.

ENTR 306. Accounting and Financial Concepts for Entrepreneurship. 3 Credits.

The objective of this course is to develop an entrepreneurial understanding of the development and use of financial information. Topics include cash flows, the accounting cycle, financial statements, capital and master budgets, cost-volume-profit analysis, financial instruments, and risk and return issues, among others. Course will not count towards graduation if taken by a College of Business and Public Administration student. Prerequisites: ENTR 201 or instructor consent. S.

ENTR 316. Entrepreneur Law & Operations. 3 Credits.

This hands-on, practical course will inform the student of relevant legal matters in the entrepreneur environment. Each student will form a real or simulated corporation/ LLC and participate in exercises relating to owner disputes, drafting contracts, hiring employees, obtaining loans and equity financing, purchasing or leasing real estate, selling goods and services, protecting intellectual property, handling lawsuits, filing for bankruptcy, working effectively with an attorney, and buying franchising or selling their business. Prerequisite or corequisite: ACCT 315. F.

ENTR 366. Imagination, Creativity and Entrepreneurial Thinking. 3 Credits.

Explores the creative process and helps students identify their own creative problem-solving styles. Students develop innovative solutions to a wide range of problems that arise in the process of pursuing entrepreneurial ventures. Attention is devoted to the need for creative approaches to opportunity identification and business concept formulation when developing new products, services, and processes. F,S.

ENTR 385. Venture Initiation. 3 Credits.

This course is concerned with the issues surrounding the creation of a new economical entity. The focus of the course is the development of a venture plan. Prerequisites: ENTR 201, ENTR 305 and ENTR 306; or FIN 310, MGMT 300 and MRKT 305; Junior or Senior standing. F,S.

ENTR 386. Venture Accounting and Finance. 3 Credits.

This course is concerned with the financial functions of a new or entrepreneurial venture. Students will discuss the importance and use of relevant accounting data in generating a sound financial plan. They will explore the areas of internal / external capital generation, time value of money, cash flow management, venture valuation, and harvesting of the venture. Prerequisite: FIN 310, Junior or Senior Standing. Prerequisite or Corequisite: ENTR 385. F.

ENTR 395. Special Topics. 1-4 Credits.

Specially arranged seminars, courses, or independent study on a variety of topics not covered by regular program offerings. May be initiated by students with approval of the dean and department(s) involved. Repeatable to 9 credits. Repeatable to 9 credits. F.

ENTR 405. New Product Development. 3 Credits.

This course is concerned with the generation of product ideas and concepts and the design and development of products and services which meet market needs. Particular attention is paid to new product development as a multi-functional team effort. Prerequisite: ENTR 385, Junior or Senior Standing. F.

ENTR 450. Venture Implementation. 3 Credits.

This course includes an overview of the issues faced by entrepreneurs in taking a venture from concept and feasibility study to implementation. Students will also study common problems associated with growth, including staffing, cash flow management and continuous product innovation. Students will draw on information gained from previous course-work, readings, class discussion, guest speakers, and research on entrepreneurs. The course will combine individual activities and group work. Prerequisites: ENTR 385 and ENTR 386. S.

ENTR 497. Entrepreneurship Internship or Experiential Learning. 3 Credits.

Practical experience with an entrepreneurial firm or comparable experiential learning. All 497 experiences must be pre-approved by the Entrepreneurship Internship Director prior to beginning the experience. Prerequisites: ENTR 385. Repeatable to 3 credits. S/U grading. F,S,SS.

Office of the Registrar

Tel: 701.777.2711
Fax: 701.777.2696

Twamley Hall Room 201
264 Centennial Drive Stop 8382
Grand Forks, ND 58202-8382