Master of Management Studies (M.M.S) Entrepreneurship Management Syllabus - Mumbai University 2026
This is the M.M.S. syllabus under NEP 2020, in force from the academic year 2025-26: Semesters I and II from the revised circular and Semesters III and IV from the new one, both approved by the Academic Council on 20 May 2025. The earlier choice-based syllabus is still set alongside it for repeating candidates, so check which scheme your exam form names before you revise.
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Syllabus for Entrepreneurship Management
Course objectives
- 1 To introduce the foundational concepts of entrepreneurship, types of entrepreneurs, and the Indian start-up ecosystem.
- 2 To understand the frameworks, traits, and life-cycle models that inform entrepreneurial thinking and venture creation.
- 3 To apply creativity, innovation tools, and opportunity identification methods to entrepreneurial planning.
- 4 To analyze feasibility, legal requirements, funding options, and environmental factors influencing venture success.
- 5 To enable students to design a business model or plan from ideation to pitch deck, integrating entrepreneurial theories into practice.
Course outcomes
- CO1: REMEMBER Concepts of Entrepreneur, Entrepreneurship, and Enterprise
- CO2: UNDERSTAND the frameworks and key concepts in entrepreneurship management.
- CO3: APPLY the model of the entrepreneurial process for new venture development
- CO4: ANALYSE the entrepreneurial environment, legal framework, and expansion strategies.
- CO5: EVALUATE various types of entrepreneurship (social, opportunity, techno, intra & women) and suitable routes to start a business
- CO6: CREATE a business plan/model based on the innovative ideas and concepts of entrepreneurship.
Unit 1 CO1, CO2 · 3 hours
Entrepreneurial Perspective: Definition and Evolution of the Concept of Entrepreneurship; Definition and Concept of Entrepreneur, Concept of Enterprise; Entrepreneurship - Functions, Needs and Importance; Entrepreneurial Traits, Characteristics and Skills; Role of entrepreneurship in economic Development; Introduction to various forms of business organization (sole proprietorship, partnership, corporations, Limited Liability Company); Introduction of Start-up and types of Start-ups, Start-up Ecosystem in India
Unit 2 CO1, CO2, CO3 · 3 hours
Types of Entrepreneurs and Entrepreneurship: Innovators, Creators, Market makers, Expanders and scalers, Intrapreneurship, Social Entrepreneurship, Woman Entrepreneurship, Technopreneurship, Rural Entrepreneurship; Entrepreneurs, Managers and Intrapreneurs: Similarities and Differences. Entrepreneurial Pathways: Understanding New Venture Life-Cycle - Pre-Seed, Early Stage, Launch; Business Life Cycle: Start-up, Launch, Growth, Maturity, Harvest, Re-Birth, Exit; Frameworks to Inform Your Entrepreneurial Path - Introduction to Business Model Canvas, Lean Model Canvas, Design Thinking Process
Unit 3 CO1, CO2, CO3 · 3 hours
Identifying Entrepreneurial Opportunity: Analysis of Business Opportunities in both the Domestic and Global Economies, including the Analysis of PEST Factors; Entrepreneurial Opportunity; Joseph Schumpeter’s Theories & Key Drivers of Opportunity; Researching Potential Business Opportunities,
Unit 4 CO2, CO3, CO4 · 3 hours
Drivers of Entrepreneurship: Creativity, Innovation and Invention; Tools for Creativity and Innovation Idea Generation & Evaluation: Sources of business ideas, Find & Assess ideas, Data for ideation, Identify the problem, Problem – Solution Fit, Ideation to Prototyping Process.
Unit 5 CO3, CO4 · 3 hours
Feasibility Analysis Product/Service Feasibility Analysis; Industry & Competitive Analysis: SWOT, Three Circles (Company, Competitors, Customers); Financial Feasibility Analysis.
Unit 6 CO3, CO4, CO5, CO6 · 3 hours
The Enterprise Launching: Entrepreneurial Process; Product/ Project Identification; Developing a Business Plan: Meaning and Purpose of a business plan, Contents of a business plan, Guidelines for writing a Business Plan, Prerequisites from the perspective of an investor, (Creating Pitch Deck)
Unit 7 CO3, CO4, CO5, CO6 · 3 hours
Product/ Market Fit: Concept, Importance for start-ups. Minimum Viable Product, Business Financing: Various Sources of Funding to Start- ups including venture capital finance and private equity Managing early growth of the business; New venture expansion - strategies and issues.
Unit 8 CO3, CO4 · 3 hours
Legal framework for starting a business in India Quick start routes to establish a business (franchising, ancillarisation, and acquisitions); Support Organisations for an entrepreneur and their role; The Make in India and Digital India Campaigns – For Entrepreneurship support; Other Start-up Ecosystem in India
Unit 9 CO6 · 6 hours
Learning by Doing: Activity – Create a Business Model Canvas / Business Plan based on an Idea (Ideation till Pitch deck) and Presentations
Text Books
- Vasant Desai, “The Dynamics of Entrepreneurial Development and Management”, Himalaya Publishing House, Sixth Edition, 2011
Reference Books
- Robert D Hisrich, Mathew J Manimala, “Entrepreneurship”, McGraw Hill Education (I) Pvt. Ltd., New Delhi, Ninth Edition - 2015
- Poornima M. Charantimath, “Entrepreneurship Development and Small Business Enterprises” Pearson, Ninth Impression - 2023
- Literature Published by Support Institutions, viz i) SIDBI, ii) MSSIDC iii) NSIC
Reproduced from the University of Mumbai syllabus for Revised Syllabus for Master (Management Studies), Semester I and II, AC 20/05/2025, Item No. 7.10 (R), in force from the academic year 2025-26. Wording and unit numbering are as printed there. The PDF above is the syllabus's own page, unaltered.
The complete syllabus
This subject is cut from the University circular for its semester. Open a document here if you want the whole thing rather than a single subject.