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724833P Introduction to Entrepreneurship, 5 ECTS cr 
Code 724833P  Validity 01.08.2017 -
Name Introduction to Entrepreneurship  Abbreviation Introduction to 
Scope5 ECTS cr   
TypeBasic Studies Discipline6337 Economics and Business Administration 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

ECTS Credits 

5 credits

Language of instruction 

All the course material is in English. Should there be any foreign students in a group, the language of group work and assignments is English.


Autumn Term 2019

Learning outcomes 

During the course, the student will learn to understand the significance of an entrepreneurial team and will form an understanding of entrepreneurship as a creative activity that happens in the form of business. After completing the course, the student will be able to:

-       define business-related principles, possibilities and challenges

-       plan business initiating from customer needs, value creation, testing and agility 

-       interpret business-related substance areas where competence is needed


 The decision to become an entrepreneur:

-       introduction to entrepreneurship

Creating viable business ideas:

-       creating business opportunities

-       preliminary research

-       industry analysis

-       business plan

From an idea to an entrepreneurial firm:

-       building a team

-       analysing start-up strengths and weaknesses from the funding perspective

-       ethical and legal issues in starting a firm

-       writing a business plan and constructing a story

-       attracting funding

Managing an entrepreneurial firm and creating growth:

-       marketing

-       understanding VC operations

-       IPRs

-       challenges of growth and managing growth

-       growth strategies

-       operation forms

Mode of delivery 

Course assignments include:

-       familiarization with the course book

-       learning and reflection assignments

The assignments are done on the online learning platform as both individual and group work.

The course includes a compulsory preliminary assignment that has to be completed successfully by a pre-defined date. The instructions for the pre-assignment are given to students who have registered for the course within the registration period.

Learning activities and teaching methods 

Familiarization with the course materials  48 hrs

Learning and reflection assignments individually and in groups  85 hrs

Total  133 hrs (5 ECTS)


Prerequisites and co-requisites 

No requirements

Recommended or required reading 

Barringer, B. – Ireland. D. (2012) Entrepreneurship: Successfully Launching New Ventures. 4th Edition. Prentice Hall. Later editions can also be used.

Assessment methods and criteria 

The course consists of five modules. Each module is linked to two chapters in the course book and the assignments related to these. These assignments are to be completed and submitted by the end of each module and are evaluated either as a pass or a fail. In order to pass the course, all the assignments have to be submitted and evaluated as a pass. In addition, a final essay, composed and submitted at the end of the course and covering the whole course content, determines the final grade.


Student performance will be evaluated on a scale from 1 to 5.

Person responsible 

Markku Ikävalko, Elena Ruskovaara, Anita Juho ja Akram Hatami


Organizing university: LUT University

Other information 

At least 75 students per university in the order of the time of registration so that the total number of participants does not exceed 700. If there are fewer than 75 students from any university, the number of students from the other universities may be increased, so that the total number of students does not exceed 700.

Appropriate registration for a course is obligatory and required for having the course credits registered. No late registrations are accepted.

LITO courses are organised in co-operation with multiple universities. To enable registering credits when the course is completed, it is necessary to transfer data about the student from his/her home university to the university that is responsible for organizing the course. The data to be transferred consists of: name, gender, nationality, e-mail address, personal identification number and the home university. Data that is classified as secret is not transferred. Without a data transfer it is not possible to have the course credits registered.

The latest information about the course is updated and published on the course platform at



Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has ended Introduction to Entrepreneurship  Course  Abdollah Mohammadparast Tabas  04.10.21 -03.12.21

Future examinations
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