International Venture Activity

Major: International Business
Code of subject: 7.292.01.O.007
Credits: 3.00
Department: Management and International Business
Lecturer: Lytvyn I.V., PhD., Associate Professor
Semester: 2 семестр
Mode of study: денна
Learning outcomes: GLO 2. To think creatively, show flexibility in decision-making based on logical arguments and verified facts in a limited time and resources based on the use of various diagnostic methodologies of leading international organizations GLO 5. Assess the complexity of tasks in planning activities and processing its results. GLO 8. To develop and research adaptive models of equalization of imbalances and leveling of threats of global development, to offer variants of the decision of problems by results of research. GLO 12. To determine the geo-economics’ strategies of countries and their regional economic priorities, taking into account national economic interests and the security component of international economic relations in the context of global problems of mankind and the asymmetry of the distribution of world resources. GLO 13. Identify changes in market conditions under the influence of uncertain factors, carry out their comparative analysis, critically assess the consequences of ideas and decisions in order to predict the trend of global markets. Kn 1. Conceptual knowledge acquired in the process of learning and / or professional activity at the level of the latest achievements, which are the basis for original thinking and innovation, in particular in the context of research. А 1 Solving complex problems and problems that require constant updating and integration of knowledge, often in conditions of incomplete / insufficient information and conflicting requirements. А&R 1. Decision-making in complex and unpredictable conditions, which requires the application of new approaches and forecasting skills.
Required prior and related subjects: Prerequisite: Global Economy; Intellectual Property Co-requisites: Social responsibility, Infrastructural services of international economic activity
Summary of the subject: Тhe essence and significance of venture and startup entrepreneurship; history of venture business; venture capitalists as suppliers of venture capital; startup ecosystem and venture infrastructure: essence, meaning, classifications; startups with venture capital: features of creation, sources of financing, types; stages of development of innovative enterprises in terms of their needs in venture capital; venture financing process; systems of state and non-state support and development of ecosystems of startups of the world's leading countries; venture organization as an open system and object of management; features of construction of management systems of enterprises under the internal scheme of venture financing; features of application of "independent" venture investment scheme; features of search, selection and attraction of venture investors by managers of innovative enterprises; features of developing a presentation and business plan of the project for venture investors, pitching startup projects. Formation of the capital structure of a venture enterprise, forecasting the future value of the enterprise that attracts venture capital; strategies for investors to exit venture. Application of external venture financing schemes for projects; evaluating the effectiveness of venture financing of startup projects; the main trends in the development of venture business in the world; state and prospects of venture entrepreneurship development in Ukraine.
Assessment methods and criteria: - current control (30%): oral examination, performance of laboratory work, assessing of control work for part-time students; - final control (70%): written test (50%), oral answer (20%)
Recommended books: 1. Kuzmin O.E., Lytvyn I.V., Ossik Yu.I. Venturing: Teaching manual. – Karaganda: KarSU publ., 2016. – 311 p. 2. David Gladstone, Laura Gladstone. Venture Capital Handbook: An Entrepreneur's Guide to Raising Venture Capital, Revised and Updated Edition. New Jersey: Prentice Hall PTR, 2002. – 424p. 3. Andrew Romans. The Entrepreneurial Bible to Venture Capital: Inside Secrets from the Leaders in the Startup Game. Published by McGraw-Hill Education, 2013, 256 p. 4. Mahendra Ramsinghani. The Business of Venture Capital : Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies, 2nd Edition Publisher John Wiley & Sons Inc, New York, United States, 2014, 432 p. 5. Eric Ries. The Lean Startup. Random House USA Inc, Imprint Crown Business, New York, United States, 2017- 269 p. 6. Stolz, L., 2020. Startup competitions and their role in entrepreneurial ecosystems: A conceptual attempt. Zeitschrift fur Wirtschaftsgeographie, 64 (4), pp. 233-246.