Concentrations

All entrepreneurship courses offered at UNC Kenan-Flagler are part of an elective-based curriculum. This enables students to immerse themselves in a custom-tailored program of study that is complemented by innovative co-curricular offerings which enrich the learning experience.

Students choose from three paths within the Entrepreneurship Enrichment Concentration: Founder, Funder, or Growth Executive/Intrapreneur. Which competencies, curriculum choices and co-curricular offerings are right for you?

  • Founder is aimed at individuals seeking to found a new enterprise or join the management team of an early-stage venture.
  • Funder is recommended for individuals preparing to join professional investing groups in venture capital and private equity and want to learn private investing techniques.
  • Growth Executive/Intrapreneur is designed for those who wish to acquire skills to manage a growth-oriented private venture or serve as an intrapreneur in an existing enterprise.

MBA Entrepreneurship Concentration

Students earn a certificate of completion after fulfilling the requirements for the entrepreneurship enrichment concentration. These requirements include a minimum of five courses:

At least one required foundational course (for a total of 1.5 credits)

  • MBA 835: Introduction to Entrepreneurship – Gateway course that provides the theoretical foundations of the UNC entrepreneurship concentration.
  • MBA 846J: Business Plan Analysis – Venture analysis course which teaches business model analysis, financial modeling and due diligence fundamentals.
  • MBA 849A: Entrepreneurs Lab: Advanced Entrepreneurial Insight & Leadership – Capstone course on entrepreneurial leadership and mindset. Required as part of the Adams Apprenticeship.

A minimum of four elective courses (for a total of 6 credits)

Students who take all of the above foundational courses are only required to take two elective courses (total of 3 credits).

Electives for Founders

These classes are intended for those pursuing a startup, founding a new enterprise, or joining an early-stage venture.

  • MBA 754A: Innovation & Design Thinking – Reviews strategies in problem identification, definition and solution development using design thinking as a framework.
  • MBA 848A: StartUp UNC I: Technology – The first course in the Startup UNC series covers the fundamentals of assessing advanced technologies for their application and commercialization potential.
  • MBA 848B: StartUp-UNC II: Feasibility – The second course in the Startup UNC series covers the fundamentals of assessing the feasibility of a new venture business concept as a basis of an entrepreneurial venture.
  • MBA 848C: Startup -UNC III: Strategy – The third course in the Startup UNC series covers the fundamentals of business model design and go-to-market strategy for a new venture concept.
  • MBA848D: StartUp-UNC IV: Financing – The fourth course in the Startup UNC series covers strategies in financial modeling and how to finance a new venture, studying all forms of new venture capitalization.
  • MBA 842-956: New Ventures Discovery – Reviews contemporary business models of new ventures and facilitates the development of new venture concepts formed by the students.
  • MBA 841A: New Venture Creation II (SoftLaunch) – Supports the development and launching of new venture concepts of students’ design, which involves activating, advising and coaching from serial entrepreneurs with domain expertise.
  • MBA 849A: Entrepreneurs Lab: Advanced Entrepreneurial Insight & Leadership – Capstone course on entrepreneurial leadership and mindset. Required as part of the Adams Apprenticeship.
  • MBA 866: Social Entrepreneurship – Course that explores what it means to be a social entrepreneur. Students learn what it takes to incorporate a triple bottom line into a business.
  • MBA 888: Business Projects – Course fosters additional educational experience by integrating professional work experience with thoughtful, guided reflection and reporting.
  • MBA 895: Strategic Value Creation for Life Science Companies – Course exploring the concept of value creation throughout the evolution of technology-based companies and the important role these entities play in the value chain of large life science companies.
  • Co-Curricular Offerings: Carolina Challenge, Blue, 1789 Venture Lab, Launch Chapel Hill, and Adams Apprenticeship

Electives for Funders

These classes are intended for those pursuing positions in venture capital and private equity firms and who are interested in learning private investing techniques.

  • MBA 817: Venture Capital Valuation and Deal Structure – Course that teaches valuation strategies and term sheet negotiation in the venture capital industry.
  • MBA 846A: Private Equity – Survey course of private equity capitalization strategies, valuation and merger and acquisition fundamentals.
  • MBA 846E: Venture Capital/Angel Intern Program – Course that teaches new seed investment analysis and due diligence through direct experience with deals being considered by the Carolina Angel Network.
  • MBA 846J: Business Plan Analysis – Venture analysis course which teaches business model analysis, financial modeling and due diligence fundamentals.
  • MBA 846O: Entrepreneurial Finance – Course that provides an introduction on how to finance and scale a high-growth business or start-up, ranging from seed to later stage.
  • MBA 846R: Applied Private Investment Management – Course restricted to the students who run the Private Equity or Real Estate Funds.
  • MBA 848V: Applied Venture Capital Concepts – Course focusing on the principles of due diligence and investor risk mitigation in venture capital-backed deals.
  • Co-Curricular Offerings: Carolina Angel Network (CAN), Venture Capital Investment Competition, Kenan-Flagler Private Equity Fund, and Adams Apprenticeship

Electives for Growth Executives

These classes are intended for those pursuing a growth-oriented public or private venture.

  • MBA 828C: Strategic Innovation – Course that focuses on the study of competition introduced in the core microeconomics course, with an emphasis on discussing real world business situations through case studies and current events.
  • MBA 832: Managing the Growing Business – Course that covers the fundamentals of managing and leading a growth venture, private equity scale up and M&A. (not offered in 2018-2019)
  • MBA 835: Introduction to Entrepreneurship – Gateway course that provides the theoretical foundations of the UNC entrepreneurship concentration.
  • MBA 843A: Family Business I: Introduction to Family Enterprise – Course that covers the fundamentals in family business management and issues relating to generational management of family enterprises.
  • MBA 843B: Family Business II: Governance & Ownership– Course covering the nature of family governance and the implications of generational succession in family business ownership.
  • MBA 846C: Startup Consulting – Course that provides students to consult as team members of an entrepreneurial venture to understand competitive position and core business problems facing the venture.
  • MBA 847: Sales – Comprehensive course on marketing and sales strategies emphasizing sales techniques, models and incentive structures both direct and through channels.
  • MBA 895: Strategic Value Creation for Life Science Companies – Course exploring the concept of value creation throughout the evolution of technology-based companies and the important role these entities play in the value chain of large life science companies.
  • Co-Curricular Offerings: Blackstone Entrepreneurs Network, Adams Apprenticeship, Global Entrepreneurship Lab (GEL), and Entrepreneurs Lab
Module I Module II Module III Module IV
Year One
MBA Core Curriculum
  • 835 Intro to Entrepreneurship
  • 849A Entrepreneurs Lab
  • 846J Business Plan Analysis
  • 849A Entrepreneurs Lab
Year Two
  • 848A StartUp-UNC I Technology Assessment
  • 754A Innovation & Design Thinking
  • 832 Managing the Growing Business*
  • 848V Applied Venture Capital Concepts
  • 846C Startup Consulting
  • 847 Sales
  • 846R Applied Private Inv Mgmt
  • 846E Venture Capital/Angel Intern Program
  • 888 Business Projects
  • 846O Entrepreneurial Finance
  • 848B StartUp-UNC II Feasibility
  • 846A Private Equity
  • 847 Sales
  • 895 Strategic Value Creation for Life Science Companies
  • 846C Startup Consulting
  • 846R Applied Private Inv Mgmt
  • 846E Venture Capital/Angel Intern Program
  • 888 Business Projects
  • 828C Strategic Innovation
  • 848C StartUp-UNC III Strategy
  • 817 Venture Capital Valuation and Deal Structure
  • 843A Family Business I
  • 866 Social Entrepreneurship
  • 846C Startup Consulting
  • 847 Sales
  • 846R: Applied Private Inv Mgmt
  • 846E Venture Capital/Angel Intern Program
  • 888 Business Projects
  • 849A Entrepreneurs Lab
  • 835 Intro to Entrepreneurship
  • 848D StartUp-UNC IV Financing
  • 843B Family Business II
  • 888 Business Projects
  • 846C Startup Consulting
  • 846R Applied Private Inv Mgmt
  • 846E Venture Capital/Angel Intern Program
  • 849A Entrepreneurs Lab
  • 846J Business Plan Analysis

MBA for Executives (eMBA) Coursework in Entrepreneurship

  • MBA 835: Introduction to Entrepreneurship – Gateway course that provides the theoretical foundations of the UNC entrepreneurship concentration.
  • MBA838: Global Entrepreneurship Lab – Course that exposes students to different models of venturing and entrepreneurial team formation in a global setting by providing opportunities to join a global new venture team.
  • MBA 841: New Ventures Launch – Course for executives to support the development and launching of new venture concepts of their design, which involves activating, advising and coaching from serial entrepreneurs with domain expertise.
  • MBA 842-956: New Ventures Discovery – Course that reviews contemporary business models of new ventures and facilitates the development of new venture concepts formed by the students.
  • MBA 842-958: Corporate Entrepreneurship – Course that reviews the approaches used by corporate organizations to incorporate entrepreneurial strategies and corporate venturing approaches.
  • Specialized Topics in Entrepreneurship: Courses that cover specialized topics of relevance in entrepreneurship.

Undergraduate Concentration

Thanks to the UNC Kenan-Flagler Business School’s area of emphasis in entrepreneurship, undergraduate students are able to gain the skills needed to identify and pursue entrepreneurial opportunities.

Students must complete a minimum of three courses (9 credit hours) including one core course and two electives.

Required

One of the following core courses:

  • BUSI 500: Entrepreneurship and Business Planning (3 credits) – Course offers students an understanding of entrepreneurship and the tools and skills necessary to conceive, plan, execute, and scale a successful new venture. Prerequisite: BUSI 406.
  • BUSI 506: Venture Capital and Startups (3 credits) – Course provides an introduction to the tools and skills necessary to recognize opportunities in high tech, biotech, and traditional start-ups. Local entrepreneurs come to class to pitch to students, who analyze the start-ups from the perspective of venture capitalists. Prerequisite: BUSI 408.
  • BUSI 590-018: Business Seminar: Entrepreneurs Lab (3 credits) – Capstone course on entrepreneurial leadership and mindset.
  • BUSI 590. Business Seminar(3 credits) – Selected topics in business administration presented in seminar format with students engaged in individual and team study under the supervision of a member of the faculty. Honors version available.
  • Repeat rules: May be repeated for credit; may be repeated in the same term for different topics; 9 total credits. 3 total completions.

Electives

6.0 credits are required from any of the following courses:

  • BUSI 501: Professional Selling Strategies (3 credits) – Course provides critical concepts and skills for selling products and services and influencing others in business.
  • BUSI 502: Entrepreneurial Finance (1.5 credits) – Course offers students the opportunity to use financial tools and concepts in a real-world entrepreneurial setting. Working in assigned teams, students prepare a pitch book with financial projections for a company they wish to start or buy. Prerequisite: BUSI 408.
  • BUSI 503: Family Business I: Introduction to Family Enterprise (1.5 credits) – Course helps students understand the evolutionary stages in the life of a family business and the challenges and opportunities that must be managed at each stage.
  • BUSI 504: Launching the Venture (1.5 credits) (Permission of the instructor required) – A cross-campus course for exceptional students, staff, and faculty, designed to help launch UNC-Chapel Hill start-ups. Only for students serious about launching in the next nine to 12 months. Admission by online application. More information. Prerequisite: BUSI 500.
  • BUSI 505: Entrepreneurial Consulting (3 credits) – Student teams engage in consulting projects to help a wide range of small business owners, early stage start-ups, and not-for-profit ventures tackle typical entrepreneurial challenges. Due to the heavy workload, students should not enroll in BUSI 505 and BUSI 554 concurrently.
  • BUSI 507: Sustainable Business & Social Entrepreneurship (3 credits) – Course examines what it means to pursue business success as measured by the triple-bottom line of people, planet, and profit. Honors version available.
  • BUSI 512: Family Business II: Governance and Ownership (1.5 credits) –Course helps students understand specific ownership, stewardship, tax, transition, and wealth management issues that affect family enterprises. Recommended preparation is completion of BUSI 503.
  • BUSI 517: Private Equity and Debt Markets (1.5 credits) – Survey course that examines the changing world of private equity investments. Designed to prepare students to work for private equity funds, venture capital funds or investment banks.
  • BUSI 564: New Product Development (3 credits) – Course concentrates on the fuzzy front end of the innovation process, focusing on tools and techniques to uncover consumer insights (needs). The design thinking process is emphasized as part of a semester-long team project. Prerequisite: BUSI 406.
  • BUSI 590-27: Design Thinking (3 credits) – Course focuses on design thinking, a powerful tool for entrepreneurs and innovators called. Students learn a process of problem solving that begins with understanding unmet customer needs and then incorporates concept development, applied creativity, prototyping, and experimentation.
  • BUSI 623: Global Entrepreneurship (3 credits) – The course focuses on students developing a creative mindset, ideation, development/manufacturing, marketing, selling, and managing. Restricted to GLOBE students. Restricted students in the GLOBE program.
  • BUSI 624: GLOBE Entrepreneurship Immersion (1.5 Credit) – Immersive course which exposes students to the process of founding and funding new entrepreneurial ventures through direct experience with leaders in the field. It is divided between leaders who support the development of early stage entrepreneurial firms and those who capitalize these ventures in seed, venture capital, and private equity. We will be supplementing these visits with a number of events derived from Chicago Ideas Week.

For students seeking to substitute study abroad or any credit earned outside of the business school, a petition to substitute an emphasis requirement must be submitted via the online request form available on the intranet. If approved, a maximum of one course (or 3 credit hours) may apply to an emphasis.


Graduate Certificate (non-MBA)

Non-MBA students interested in developing an entrepreneurial mindset that helps them stand out in their field are invited to apply for the Graduate Certificate in Entrepreneurship.

This nine credit hour certificate focuses on how cutting-edge innovations are brought to the marketplace, with an emphasis on startups as the best way to develop products which solve market needs and create value.

A combination of curricular studies and practical application enables students to earn a certificate but also the concrete experience they need to succeed in their future endeavors.

The graduate certificate is open to any graduate student at UNC-Chapel Hill. Applications are accepted on a rolling basis. To learn more about the certificate, contact Jason Doherty.

UNC Kenan-Flagler Business School

“I’ve learned how to inspire innovation and launch professional development programs, but most importantly, I’ve become a better leader.”

Stephanie Winans (MBA'16)