This course explores how traditional industrial engineering topics such as supply chain management, facility layout and location are relevant to entrepreneurial engineers. The course prepares students to effectively practice entrepreneurial engineering.

Prerequisites & Corequisites: Prerequisite:  IME 3010

Credits: 3 hours

Lecture Hours - Laboratory Hours: (3 to 0)

At the end of the semester, students should be able to:

1. Understand the basics of supply chain management, facilities layout and location analysis.
2. Understand strategies and tactics for starting, acquiring, and growing the venture.
3. Evaluate new venture opportunities.
4. Gather required resources and manage the growing enterprise.
5. Understand entrepreneurship in the nonprofit sector.
6. Have a demonstrated understanding of intellectual property and ethical issues associated with a new product development.

Objective 1

1. Effectively brainstorm to develop a product concept, generate and evaluate design options. and determine the resources needed to manufacture and to distribute the product.

Objective 2

1. Conduct research on the proposed product and complete a comprehensive patent search.

Objective 3

1. Address product liability issues as they relate the proposed product.

Objective 4

1. Effectively assess other startup projects, and offer better means to improve their profitability.

Sahlman, Stevenson, Robert and Bhide, The Entrepreneurial Venture, Harvard Business School Press, 1999.

References:

• Dorf and Byers, technology Ventures, McGraw-Hill, 2004.
• Several Harvard Business School Case Studies.
• Personal Notes.