New Venture Creation

New Venture Creation Majors will learn to research new business ideas, prepare formal business plans, secure initial financing, and manage small businesses on an on-going basis. After graduation, it is hoped that many students will start-up their own ventures after acquiring some valuable industry experience and saving needed equity capital. A few will also return home to work in the family firm with the hopes of eventually taking over.Entrepreneurial skills are also important to managers in larger organizations. "Intrapreneurs" as they are called do many of the same things that an entrepreneur would пПС develop new product ideas, prepare business plans and secure financing пПС without operating their own small businesses. Larger organizations are naturally less innovative than small start-ups due to their bureaucratic nature, so being able to attract managers with strong entrepreneurial skills is critical to their success. Large companies that can create an innovative environment do very well especially when you combine it with their easier access to financing.

Field of study: Entrepreneurship/Entrepreneurial Studies