Our current class of MBA students returned to class on the 19th January for a week dedicated to Entrepreneurship Projects (EP).
This is a compulsory applied learning module, which sees the students working together in small groups to develop a business plan.
It gives members of the class with an existing business the option to work on new products or models in a safe environment. The other options are to create a plan for a new business, or to work on an external entrepreneurial project introduced by the School's Entrepreneurship Centre.
A busy week of lectures, workshops and practical discussion groups saw the EP teams applying entrepreneurial thinking to develop their ideas, which they were asked to present last Friday. One example of a successful business that started life as an EP on Oxford's MBA course is Seedrs. It's an equity crowdfunding platform that was officially launched by students Jeff Lynn and Carlos Silva in 2012.
Throughout Hilary term (that's second term in Oxford terminology) the teams will work on their business plans, and in the final week they will submit an investment pack and report, and present their pitch to a panel of venture capitalists.
Some of the teams will go on to develop their business plans as part of the Strategic Consulting project over the summer. The EP is an opportunity for students to apply entrepreneurial thinking to opportunities, finance modelling, channels and markets, as well as team building and problem solving. They are essential transferable skills that will be applicable to any career path. We're looking forward to seeing how the business plans develop this term!