Introducing your course
Find out what it's like to study Business Management (Entrepreneurship) at Lancaster University Management School.
10th for Business and Management
The Guardian University Guide (2024)
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Lancaster University is top 10 in The Complete University Guide 2024
BSc Business Management (Entrepreneurship) (Industry) is firmly at the creative end of business and management. We cover all elements of the entrepreneurial process, including creativity, opportunity recognition, sales, finance, entrepreneurial leadership and effective communication. We are a career-focused degree programme that defines entrepreneurship and its practice in relation to society, putting people at its heart.
In an unpredictable world, innovative minds have the edge. Thinking and acting entrepreneurially is as valuable in a large organisation as it is in a new venture. Both leading companies and start-ups must develop new ideas, products and services that create value. That is why they look for graduates with an entrepreneurial mindset, someone comfortable with change and adept at facing new challenges.
This degree scheme draws on more than 30 years of experience in teaching entrepreneurship and working with businesses to develop entrepreneurial thinking at all levels of an organisation. Our approach encompasses all elements of the entrepreneurial process, including creativity, opportunity recognition, sales, finance, entrepreneurial leadership and effective communication. It is complemented through a focus on the development of the entrepreneurial self, namely how you see yourself as an entrepreneurial person in your chosen workplace or community context. Practice-based teaching ensures students engage in thinking entrepreneurially and develop new skills. Our wide range of expertise means we include all aspects of entrepreneurship, as well as business model innovation and digital strategies.
At a broader level, we ensure students are cognisant of wider societal, environmental, political and economic challenges that are both impacted by and impact on the way we do business. We consider how technology shapes value and supply chains and creates new opportunities, including opportunities arising from major global challenges.
BSc Business Management (Entrepreneurship) (Industry) shares its first year of studies with our standard BSc Business Management degree, including our introductory entrepreneurship module, meaning that you get the same outstanding foundation in all aspects of business and management. From the second year onwards, you begin to choose your pathway through the programme, crafting a degree to suit your strengths and interests as they evolve throughout your studies. You specialise your studies through deeper learning of different aspects of entrepreneurship. Key to this is our combination of research-led and practice-based experiential teaching, much of which draws on our world-leading Entrepreneurs in Residence programme.
The University will use all reasonable effort to support you to find a suitable placement for your studies. While a placement role may not be available in a field or organisation that is directly related to your academic studies or career aspirations, all placement roles offer valuable experience of working at a graduate level and gaining a range of professional skills.
If you are unsuccessful in securing a suitable placement for your third year, you will be able to transfer to the equivalent non-placement degree scheme and would continue with your studies at Lancaster, finishing your degree after your third year. The University offers a range of shorter placement and internship opportunities for which you would be welcome to apply.
Throughout your studies, you will have support from our careers team, which includes a dedicated departmental careers coach working with you from day one to help with internships, placements and graduate employment. We will supply training in CV writing, interview assessment centres and telephone interviews, helping you with your future career ambitions.
Our programme will inspire and motivate you to make change at the same time as building resilience to the many challenges you might face in your career. This degree helps you understand the complexities of the real world and how to do business within it. The skills and knowledge that you will learn will be equally applicable if you are seeking graduate employment, want to start your own businesses, or are considering joining family businesses or working in the public sector.
Our graduates have been highly successful in finding good, well-paid jobs in various areas of management.
Your degree will give you an understanding of entrepreneurship as an important part of management and you will also develop a range of analytical, problem-solving and communications skills. Recent graduates gained employment in a variety of blue chip companies, such as IBM, Deloitte, The Co-operative, Unilever, BT, Enterprise and Accenture, as well as working for dynamic small businesses and setting up their own companies.
Your degree is also excellent preparation for postgraduate study of business, or more specifically entrepreneurship and innovation, at Master's level.
Lancaster University Management School has an award winning careers team to provide a dedicated careers and placement service offering a range of innovative services for management school students. Our high reputation means we attract a wide range of leading global employers to campus offering you the opportunity to interact with graduate recruiters from day one of your degree.
A Level AAB
GCSE English Language grade B or 5
IELTS 6.5 overall with at least 5.5 in each component. For other English language qualifications we accept, please see our English language requirements webpages.
International Baccalaureate 35 points overall with 16 points from the best 3 Higher Level subjects
BTEC Distinction, Distinction, Distinction
We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualification. Further guidance on admission to the University, including other qualifications that we accept, frequently asked questions and information on applying, can be found on our general admissions webpages.
Contact Admissions Team + 44 (0) 1524 592028 or via firstname.lastname@example.org
Lancaster University offers a range of programmes, some of which follow a structured study programme, and some which offer the chance for you to devise a more flexible programme to complement your main specialism.
Information contained on the website with respect to modules is correct at the time of publication, and the University will make every reasonable effort to offer modules as advertised. In some cases changes may be necessary and may result in some combinations being unavailable, for example as a result of student feedback, timetabling, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes and new research. Not all optional modules are available every year.
This course provides an introduction to microeconomics for students majoring in business-related degrees and delivers a range of important topics for understanding the business applications of economics relating to both consumers' and firms' behaviour.
Business analytics focuses on developing new insights and understanding of business performance based on data analysis.
Designed to give you the kind of skills that are sought after in many organisations, this module introduces you to a range of quantitative techniques for collecting, analysing and interpreting data and develops your understanding of how to apply these techniques to management problems to draw practical conclusions. The module provides the foundations for statistical methods in follow-up modules.
The computing side of the module introduces the use of word processing, spreadsheet software for statistical calculations, and writing of management reports.
You will learn not only the fundamental analytical techniques, but also when and how to apply them to management problems and how to interpret the results. This module also involves you working as a junior business analyst on a simple but realistic case study and reporting results and conclusions to a fictional boss.
In this module, we challenge preconceived views about whether or not entrepreneurship can be taught, and the widely-held opinion that entrepreneurs are born, not made. We consider entrepreneurship in a wide variety of contexts and for a range of different purposes. This includes entrepreneurship for social or environmental good, or as a means of self-expression, as well as entrepreneurial start-up and classic profit-driven motivations of business founders. Theory and practice are combined throughout the module, and teaching is brought to life through the expertise of our entrepreneurs in residence. You will therefore meet practicing entrepreneurs and be provoked to consider your own values and how these might, in future, shape your own expressions of innovation and entrepreneurial behaviour, whether as an employee, in your home society, in a family business, or as a business founder or sole trader.
This module provides an introduction to the analysis and use of published financial statements and concepts underlying financial reporting by companies. It also considers the perspectives of various users and opportunities for creative accounting. The concepts and use of financial statements are placed within the current commercial context, so that you acquire an appreciation of the role of financial accounting.
This module introduces a variety of traditional and non-traditional ideas about management, followed by the theory and practice of team working and capability for management. The aim is to provide you with an essential understanding of the basic theories relevant to the management of work organisation and to enable you to identify and understand the limitations inherent within these theories.
During this Preparation for Placement module, you will learn about the competitive recruitment processes in the UK and the skills and expertise employers expect you to evidence; how to produce excellent CVs and cover letters; how to make an impact on application forms, what to expect at interviews and assessment centres.
You will get to hear from final year students about their placement experience and a chance for you to learn about the placement opportunities on offer from graduate employers. You will be offered the opportunity to experience a mock interview with a real employer and attend a mock assessment centre. You will be shown the range of resources and support we offer in LUMS Careers and how that will continue throughout the placement programme, in order to seek a suitable year in industry placement.
Students compete with others nationally to secure placements and we also offer exclusive opportunities with employers, however, we cannot guarantee that all students will progress on to a year in industry placement.
The aim of this module is to introduce the key elements of marketing as both scientific discipline and organisational practice. The module is designed around three themes which serve as a solid foundation for the second year module MKTG227 marketing Management Essentials and further marketing modules following this.
This module also aims to support students in the transition towards independent learning, and in the development of a critical and analytical approach to ideas and theories.
This module aims to advance knowledge of entrepreneurship by experiencing aspects of the business start-up process through project-based activities. It aims to help you understand you own enterprise skills and develop the ability to communicate new business ideas using opportunity business models in the context of business start-up.
Building upon Entrepreneurial Learning theories, this course prepares you to understand the core dimensions of an entrepreneurial mindset and guides you to find and assess opportunities, seek answers, gather resources and implement solutions regardless of your specific context or institutional constraints.
This module will help you develop your own personal and professional leadership abilities. You will learn how to apply the major leadership models to your own life with a focus on practical steps you can take to improve your leadership skills. Real-life case studies will let you learn from the world’s greatest leaders how to be successful.
The module includes confidential self-assessments on a variety of leadership measures that will further help you build on your strengths and find the right leadership style for your personality.
Running a business or leading a department can be challenging, so this course will help you develop resiliency, emotion regulation and management, grit and perseverance, and emotional intelligence competencies. Responsible, authentic, ethical, and empathic leadership will be a theme throughout the module. The module includes both lectures and a workshop.
In this first of three work-based learning modules, you will begin your reflective learning process. During the workshops, you will be tasked with creating reflective tools to support the development of your assignment. You will be assessed on a short written reflection that enables you to prepare for your continued professional development during your industrial placement.
The use of franchising continues to increase at a remarkable scale globally - apart from the traditional restaurant/fast-food sector where franchising is dominant, franchising is now used in over 100 industry sectors (e.g. entertainment, transportation, health care, education). This module will introduce you to the management of franchise organisations, including the historical development of franchising, the requirements for successful franchise operations, the challenges that may arise in franchise networks, and the nature of the relationships within franchise chains.
Innovation is becoming popular in the current economic and political debate to improve the competitiveness of economies and firms. In today’s fast-paced technology and creativity-driven society, innovation is both a desired trait and a necessity for survival. This course will discuss innovation on many levels from a micro level, focusing on the role of innovation in enabling individuals to generate competitive advantage, to the strategy and the types of problems faced by firms in their new product/service and process development. In particular, we will be looking at the links which need to be made between innovation activities in the development of new products, services and business models, and the role of strategy and individual actions may play in supporting or obstructing innovation. The module will give students an opportunity to develop an understanding and critical awareness of current theories and approaches relevant to managing innovation.
This is a practical module to help students understand how the key principles of entrepreneurship apply in different types of businesses and settings. It draws upon notions such as networking, entrepreneurial sales, and entrepreneurial teams. Through experimentation and experiential learning, students will build the skills needed for developing, testing, refining, and selling a product/service, and they will understand how to collect and combine necessary resources in ways that offer value to the customer.
This module will explore how the principles and practices of social innovation can be integrated into an organisation’s business model. The module will also provide insights on the importance of responsible leadership, which will enable a business to succeed while considering the impact on society, the environment -- along with financial profit. Students will learn and apply principles or team behaviours throughout the module. The module will highlight processes, concepts and issues that connect to other modules from the Department of Entrepreneurship and Strategy.
This module supports you with your professional development whilst you are away on placement. You will consciously consider your learning opportunities and actively engage in reflective practice.
This is a dissertation module, which provides a number of options that can be tailored to your future career and business aspirations. If you aspire to set up your own business, you can engage with an entrepreneurial project where you will be guided through the business planning process with the help of a supervisor and a team of Entrepreneurs in Residence (EiRs).
If you plan to work within a large organisation, you may wish to conduct a consultancy project based on an organisation with which you have access. If you are thinking about continuing in education, or wish to develop your research and critical skills, you might want to look at an academic piece of work.
This module takes both theoretical and practitioner perspectives to give students an understanding of the nature and characteristics of financial planning and management in the broad context of entrepreneurship and small business. The module is focused on understanding the process of new venture financing and the finance needs of growth and responses to other managerial contexts. The module covers typical funding sources, challenges and strategies, and will also introduce a variety of approaches to business planning and the production of business plans, from pre-startup through the growth stages of a venture.
Strategic Management is about making distinctive choices concerning the direction and scope of the organization over the long term, in order to enhance its ability to create value and improve its prospects for organizational survival and growth. In a complex and turbulent environment, with rapid economic, regulatory and technological changes, strategising – the art of processing complex information thoughtfully and creatively and the ability to convince others of your analysis and recommendations – is a critical skill to acquire. The goal of this module is to provide you with an understanding of strategy that will enable you to discuss real-life business activities within a framework of contemporary strategic management thinking. This module is designed to encourage you to develop a personal and distinctive understanding and appreciation of strategising for different industries and in uncertain environments, through lectures, case analyses and class discussions.
On return from placement for the final year of your degree, you will engage in group discussions to reflect on your work-based learning experience and draw out relationships between theory and practice. You will complete a Portfolio of Professional Practice to showcase your developed skills and abilities, and write a critically reflective essay on your placement experience to further the connections made between theory and practice.
This module will explore the nexus of entrepreneurship and sustainability. The key questions being addressed will be:
Family businesses are the most common business form around the world. They make up over three-quarters of all businesses in most countries and contribute significantly to employment and GDP. This course provides students with an opportunity to understand the concepts, theories, models and dynamics of family business and suggest solutions to challenges related to their management, entrepreneurial development and succession.
The module will provide you with an alternative gendered and socio-political insight into the importance of entrepreneur and employee diversity in an increasingly globalised world. The module takes an interactive and practical approach to classroom learning to help you develop skills to explore the impact of gender and diversity on models of business, including the sometimes controversial facts and fictions presented in the media, policy and everyday societal attitudes towards management and entrepreneurship across the world.
This module consists of a computer-based strategic management simulation which provides you with the opportunity to practise managing and growing a business in a dynamic and competitive industry. Each team takes over a growing automobile manufacturer. The simulation runs for ten years, at the end of which it is hoped each manufacturer will be in a much healthier state.
The module will provide you with hands-on experience of manipulating key strategic and operational variables. In each simulated year, your team will make a set of decisions in relation to: strategic positioning, pricing, advertising, promotion, distribution, production, vehicle upgrades, new vehicle introductions, financing, and a host of other decisions over the eight years. Your business will compete directly with other automobile manufacturers in a dynamic marketplace.
Our annual tuition fee is set for a 12-month session, starting in the October of your year of study.
Our Undergraduate Tuition Fees for 2024/25 are:
There may be extra costs related to your course for items such as books, stationery, printing, photocopying, binding and general subsistence on trips and visits. Following graduation, you may need to pay a subscription to a professional body for some chosen careers.
Specific additional costs for studying at Lancaster are listed below.
Lancaster is proud to be one of only a handful of UK universities to have a collegiate system. Every student belongs to a college, and all students pay a small college membership fee which supports the running of college events and activities.
For students starting in 2022 and 2023, the fee is £40 for undergraduates and research students and £15 for students on one-year courses. Fees for students starting in 2024 have not yet been set.
To support your studies, you will also require access to a computer, along with reliable internet access. You will be able to access a range of software and services from a Windows, Mac, Chromebook or Linux device. For certain degree programmes, you may need a specific device, or we may provide you with a laptop and appropriate software - details of which will be available on relevant programme pages. A dedicated IT support helpdesk is available in the event of any problems.
The University provides limited financial support to assist students who do not have the required IT equipment or broadband support in place.
In addition to travel and accommodation costs, while you are studying abroad, you will need to have a passport and, depending on the country, there may be other costs such as travel documents (e.g. VISA or work permit) and any tests and vaccines that are required at the time of travel. Some countries may require proof of funds.
In addition to possible commuting costs during your placement, you may need to buy clothing that is suitable for your workplace and you may have accommodation costs. Depending on the employer and your job, you may have other costs such as copies of personal documents required by your employer for example.
Details of our scholarships and bursaries for 2024-entry study are not yet available, but you can use our opportunities for 2023-entry applicants as guidance.
Check our current list of scholarships and bursaries.
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The information on this site relates primarily to 2024/2025 entry to the University and every effort has been taken to ensure the information is correct at the time of publication.
The University will use all reasonable effort to deliver the courses as described, but the University reserves the right to make changes to advertised courses. In exceptional circumstances that are beyond the University’s reasonable control (Force Majeure Events), we may need to amend the programmes and provision advertised. In this event, the University will take reasonable steps to minimise the disruption to your studies. If a course is withdrawn or if there are any fundamental changes to your course, we will give you reasonable notice and you will be entitled to request that you are considered for an alternative course or withdraw your application. You are advised to revisit our website for up-to-date course information before you submit your application.
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