With the rapidly changing economic environment, outsourcing, and merger and acquisition activities, students desire to have the option of becoming an entrepreneur by either starting a new venture or purchasing an existing business. The interest in students to start or purchase a new business has accelerated over the last two to three decades. Here at the Jones School the percentage of MBA students now taking entrepreneurship courses each year exceeds 45%.
One major objective of the Entrepreneurship program in the Jones School is to provide students with processes for either starting or purchasing a business. The “core” courses in the program are The New Enterprise and Enterprise Exchange courses.
The New Enterprise course students are led through the Opportunity, Launch, Growth, and Harvest phases for a business startup. The Opportunity segment includes recognizing and evaluating opportunities. In the Launch phase the following subjects are covered: attracting stakeholders and resources, business planning, selecting appropriate legal form of organization and taxation issues, and financing alternatives. During the Growth stage, operating and growing the venture are discussed. In the Harvest period, the various methods for exiting a business are considered.
The Enterprise Exchange course assumes that a student may choose to enter the entrepreneurial world by purchasing a business and then selling it at some point. Some topics covered in the course include: 1) developing a “needs” approach for buying and selling businesses, 2) negotiating an appropriate acquisition or sale of a business, 3) applying merger and acquisition concepts learned for publicly-held corporations to smaller leveraged buy-outs, 4) applying techniques for consolidating fragmented industries, and 5) harvesting ultimate value from the business.
Beyond these initial courses, more specific courses consider entrepreneurial opportunities in biotechnology and life sciences, technology, real estate, and other business arenas. Students also have the option to take courses in managing growth, developing a business plan, and venture capital. In addition, internships at organizations like the Houston Technology Center, the Houston Angel Network, NASA and AlphaDev are available for students to learn even more practical aspects of entrepreneurship.
The Entrepreneurship group strongly supports the activities of the Rice Alliance for Technology and Entrepreneurship that sponsors collaborative activities between the Sciences, Engineering and Business schools at Rice University. The team that represents Rice in the Rice Alliance Business Plan competition is selected from one of the entrepreneurship classes.
Entrepreneurship Concentration Courses
- MGMT 621 The New Enterprise (3.0 hours)
- MGMT 627 Enterprise Exchange (3.0 hours)
At Least Two Courses from the Following List:
- MGMT 623 Entrepreneurship in Biotechnology (1.5 hours)
- MGMT 624 Real Estate (3.0 hours)
- MGMT 626 Venture Capital (1.5 hours)
- MGMT 625 Creative Entrepreneurship (1.5 hours)
- MGMT 629 Business Plan Development (1.5 hours)
- MGMT 633 Life Science Entrepreneurship (1.5 hours)
- MGMT 637 Strategic Use of Information Technology (1.5)
- MGMT 741 Managing Growth (1.5 hours)
- MGMT 723 Technology Entrepreneurship (1.5 hours)
This concentration requires at least 9 semester hours.