The Entrepreneurial Edge by London Business School
The Entrepreneurial Edge by London Business School
The Entrepreneurial Edge by London Business School
Entrepreneurial
Edge
12-WEEK ONLINE COURSE
WITH EXPERT MENTORING
Programme overview
Some prospective entrepreneurs are trying to escape a corporate life, whilst others are looking to define
their own success, solve a real-world problem, be their own bosses, impact society, or perhaps significantly
impact their personal wealth.
Starting a business on your own can be intimidating especially for first-time entrepreneurs or those who
have failed in the past. No one knows if their business idea is brilliant or not, and few have the financial
means to quit their jobs whenever they feel like it.
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PROGRAM PROGRAM
OVERVIEW
Entrepreneurs OVERVIEW
wanted
Launching a venture is not for the faint-hearted!
The Entrepreneurial Edge is for anyone with the
motivation and determination to build a real
business. Participants include aspiring entrepreneurs
creating their first start-up, serial entrepreneurs
refining their techniques, and corporate professionals
seeking to reinvigorate their career with
entrepreneurial thinking.
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1
PROGRAM
What to PROGRAM
OVERVIEW
expect from OVERVIEW
this programme
The programme provides participants with The programme will prepare participants
weekly feedback f rom an experienced through an iterative process. Every week,
mentor. Your mentor is there to guide, participants prepare and present a new slide
motivate, support, encourage and hold you for their ‘pitch deck’, and revise their earlier
accountable for ongoing progress towards slides based on honest but constructive
your stated goals. feedback f rom their mentor and peer support
group.
The programme provides weekly insights into Participants are expected to complete all
entrepreneurial thinking in contrast with the programme activities, which translates into a
"normal" way of business thinking. Topics time commitment of approximately 5-8 hours
include risk-taking, leadership, decisionmaking per week. The weekly regime of activities
and dealing with failure. follows a themed cycle:
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Chart your enterpreneurial journey
Week 11
Compete to pitch
your idea to real
investors Week 10
Week 07
Exchange ideas, practise
pitching, and compare notes
with other participants
Week 06
Week 05
Week 03
Week 02
Week 01
Build a start-up
concept or join an
existing team
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What’s unique about the programme
The Entrepreneurial Edge helps participants Seasoned mentors hold weekly online
prepare, launch and grow their business. The sessions in small groups (maximum 5
programme develops entrepreneurial skills and participants) to go through the week’s
expertise, follows various case studies, and learnings, provide feedback on slide decks
culminating in the production of a 10-slide and other assignments, and answer
pitch deck. This prepares participants to sell participants’ questions.
their concept to potential team members,
partners, customers and investors.
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Your learning journey
Over 200
exclusive videos 8 founders sharing
from leading their stories,
experts: including personal
responses to
• 5 London Business
detailed interview
School professors questions
• 1 programme director
• 1 course director
• 4 industry experts
• 7 venture capitalists/early stage investors
12 weekly,
75 minute
interactive online
classroom
sessions
12 weekly live
Dry run and feedback interactions with
with your mentor
your mentor and
before the final
pitch support group for
feedback and guidance
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Programme lesson
This lesson helps participants develop a better One of the biggest reasons that start-ups fail when
understanding of the skill sets and mindsets required there is “no market need”. No business can survive
of prospective entrepreneurs. It introduces some if it does not attract customers with a need waiting
foundational f rameworks and concepts to help to be satisfied, no matter how good the idea is, how
structure thinking, such as: brilliant its technical accomplishments, or how
clever the founding team may be! This lesson
Business model canvas covers topics such as:
IntEx framework
Causatory venn
7 domains Identifying customer problems and pain points
Lean canvas Real needs vs perceived needs
SWOT analysis Significance of pain points
Causation vs correlation Addressing flaws and gaps in existing solutions
Survivors’ confirmation and availability biases Determining key attributes
Critical success factors Switching costs
Understanding value and pricing
Barriers to entry
Value curves Team skills and chemistry
Spider graphs Entrepreneurial leadership and forming a company
2 by 2s culture
Heat maps When to hire
Bubble graphs HR and legal considerations
Dealing with substitutes Leveraging your network
Mentors, advisors and coaches
Team equity distribution and vesting
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Programme lesson
Building a ‘better mousetrap’ is no guarantee of A start-up needs to generate cash and make a
entrepreneurial success. How will your product find its profit as soon as possible. Early decisions about
way into the hands and hearts of customers? A robust revenue and cost structure will determine not just
sales and marketing strategy includes a clear path to whether the business will survive, but whether it
market, including: is a business at all. Subjects for this lesson include:
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Investors’ committee
Those selected by their mentors and the industry panel will be eligible to pitch to an investors’
committee made up of active venture capitalists and angel investors who invest in new
ventures f rom around the world.
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Key takeaways
01 Identify legitimate
business opportunities 06
Create a robust set of
financial projections
02
Gauge market demand and the
size of the opportunity
07 Prepare a go-to-
market strategy
05 Identify an appropriate
business strategy
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Programme director and faculty lead
Rupert Merson
Adjunct Professor of Strategy and Entrepreneurship
BA and MA (Oxford University)
Rupert Merson is a leading authority on owner-managed entrepreneurial businesses and the problems they
confront as they seek to grow. He has worked as a consultant and facilitator for clients on a broad range of issues
including formation, governance, strategy, ownership, remuneration, succession, turnaround and organisation
development.
As an advisor, Rupert was a partner in BDO Stoy Hayward in London from 1993 to 2009. He now leads his own firm
of advisers. He has completed assignments for businesses in the UK, South East Asia, South America, Africa and the
Middle East and worked extensively with entrepreneurs, family businesses and professional partnerships.
As Adjunct Professor of Strategy and Entrepreneurship, Rupert currently teaches a range of MBA electives on
owner management at LBS, and frequently teaches on executive education programmes on strategy and
organisational development. Rupert was awarded the Best Teacher Award by the MBA class of 2015 and the MBA
class of 2018 at LBS. Rupert has also taught entrepreneurship at INSEAD, ISB and CEIBS. In 2015 Rupert’s
entrepreneurship course was also awarded the prize for the best elective at INSEAD.
He is a Fellow of the Institute of Chartered Accountants of England and Wales, the Royal Society for the
Encouragement of the Arts, Manufactures and Commerce, and the Chartered Institute of Personnel and
Development. A first-class honours graduate and university prize-winner from Oxford University, he also holds a
certificate in general management from Harvard Business School. Rupert Merson is also non-executive director of
Wardour Communications Ltd and Dahabshiil Transfer Services Ltd. In his spare time Rupert is a musician,
conducting a choir and playing the organ, piano and harpsichord.
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Programme faculty
David Arnold
Adjunct Professor of Marketing
BA MPhil (London), MBA (City), DBA (Harvard)
David Arnold’s research focuses on global versus local marketing, marketing strategy, innovation and market
evolution, brand management, and global customer management. He has been a strong advocate of local
marketing by global corporations. His writing and consulting in multinational marketing has focused particularly
on brands, and relationships with local sales and distribution units.
Prior to joining the School as Adjunct Professor of Marketing, he was an Assistant Professor at Harvard Business
School. He also holds adjunct faculty positions at CEIBS, in China; and Rochester/Bern, in Switzerland.
David Arnold received his MPhil from London University, his MBA from City University, and his DBA from Harvard
University. From 1993 to 1996, he was the Stanley Roth Fellow at Harvard Business School, and from 1995 to 1996 he
held the Du Pont Foundation Fellowship for International Research. He has written a number of Harvard Business
School case studies, and in 2002 he was a winner of the Academy of International Business Case Competition.
Before entering academia, David worked in London as an editor for Mitchell Beazley International, and for the
Department of Health and Social Security. He has also worked as a consultant to several multinational companies
on international marketing.
He is the author of a number of books, including The Handbook of Brand Management, which is now in its third
edition.
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Programme faculty
John Bates
Fellow of Strategy and Entrepreneurship
BSC (Nottingham), MBA (Harvard)
He started teaching and developing Strategy and Entrepreneurship courses at LBS in 1985, whilst also starting
up, running and selling two technology businesses in Cambridge. He developed and taught New Venture
Development, Managing the Growing Business and New Creative Ventures MBA electives and the popular
Growing Your Business Open Executive programme. As Fellow in Strategy and Entrepreneurship, he continues to
teach on custom programmes for Executive Education clients and the Entrepreneurship Summer School for
Masters students.
He received his BSc from Nottingham University in 1972. Following a sales career in the scientific equipment and
pharmaceutical industries in the UK and Africa, he graduated from Harvard Business School with an MBA with
high distinction in 1979.
Mr Bates then became a Marketing Manager for International Paint (now part of AkzoNobel), launching the
highly successful Interpon range of solvent-free coatings worldwide. He was invited back to Harvard as a lecturer
on the MBA programme in 1983, before joining the London Business School faculty part-time the following year.
Since then he has balanced a career as an entrepreneur, educator, investor and investment manager. He is
chairman of DocSociety, Chattermill Ltd , Colmeia Ltd (Hiver) and New Unity CIO (Charity). He is an investor,
director or board advisor of a number of early-stage ventures and growing businesses in the creative and
technology industries in London.
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Programme faculty
An award-winning teacher and scholar and one of the world’s foremost thought leaders in entrepreneurship,
John brings to his teaching and research, 20 years of executive experience in high-growth retailing firms,
including two ventures he founded and one he took public.
Since becoming an entrepreneurship professor in 1992, John has published five books, dozens of cases and
more than 50 articles in a variety of outlets, including Harvard Business Review, MIT Sloan Management Review,
and The Wall Street Journal. His research has won national and international awards from the Marketing
Science Institute, the American Marketing Association, and the Richard D Irwin Foundation. He is a frequent
and sought-after speaker and educator for audiences in entrepreneurship and venture capital.
John’s first and recently updated trade book, The New Business Road Test: What Entrepreneurs and Investors
Should Do Before Launching a Lean Start-up (1e 2003; now 5e, London: FT Publishing 2017), has become the
definitive work on the assessment and shaping of entrepreneurial opportunities and is widely used by investors
and entrepreneurs and in university courses worldwide.
His second book, the critically acclaimed Getting to Plan B: Breaking Through to a Better Business Model
(Boston: Harvard Business Press 2009), co-authored with Randy Komisar, a partner at the esteemed venture
capital firm Kleiner Perkins Caufield and Byers, was named to “Best Books of 2009” lists by BusinessWeek and
INC Magazine.
John’s newest book, The Customer-Funded Business: Start, Finance or Grow Your Business with Your
Customers’ Cash, (Jersey City, Wiley 2014), was named one of five “not-to-be-missed books” for 2014 by Fortune
magazine. John has conducted executive education programmes across five continents for a variety of
organisations both large and small, including the Young Presidents’ Organization, Endeavor, the Entrepreneurs’
Organization, Kenya Airways, Merck-Serono, 3M, the European and African Venture Capital Associations, and
the IFC, among many others. He has served on the boards of fast-growing entrepreneurial companies in the
United States, United Kingdom, Europe, and Asia.
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Programme faculty
Julian Birkinshaw
Professor of Strategy and Entrepreneurship
Academic Director of the Institute of Innovation and
Entrepreneurship
Deputy Dean (Executive Education)
BSc (University of Durham), PhD and MBA (Richard
Ivey School of Business, Western University, Canada)
Professor Julian Birkinshaw was ranked 46th in the 2017 Thinkers50 list of the top global management thinkers. His
main area of expertise is in the strategy and organisation of large corporations, and specifically such issues as
innovation, corporate entrepreneurship, strategic agility and headquarters-subsidiary relationships.
He is a Fellow of the British Academy, the Academy of Social Sciences, the Advanced Institute of Management
Research (UK), and the Academy of International Business. He has been awarded Honorary Doctorate degrees by
the Stockholm School of Economics (2009) and Copenhagen Business School (2018).
Professor Birkinshaw is the author of 15 books, including Fast/Forward, Becoming a Better Boss, Reinventing
Management and Giant Steps in Management, and more than 90 articles in journals such as Strategic Management
Journal, Academy of Management Journal, Harvard Business Review and Sloan Management Review.
Professor Birkinshaw speaks at business conferences in the UK, Europe, North America and Australia. He is regularly
quoted in international media outlets, including CNN, the BBC, The Economist, The Wall Street Journal, Huffington
Post, Businessweek and The Times.
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Course director and lead mentor
Adam Davies
Programme Lead, VIEW Entrepreneurship Course,
(University of Oxford)
Visiting Professor (Entrepreneurship), Indian
School of Business
Tutor, Innovation and Creativity in Organisations
(Warwick Business School Online MBA)
Adam has served as an Entrepreneur in Residence/Mentor with leading accelerators, incubators and universities
including Techstars, Virgin Media, London Business School, WeWork and Microsoft Ventures.
Over the past 15 years, Adam has advised a variety of early to late-stage ventures including multiple award-winning
startups. He specialises in New Venture Development (inception to Series A and beyond), Strategic Planning, Growth
Management, Business Development, Organisational Structure, Team and Leadership, Financial Forecasting,
MVP/PoC,
Performance and Implementation, Marketing Strategy, Negotiation, Legal and Business Affairs, GTM/launch and
Investor Readiness. Adam currently serves as lead advisor and board member with four ventures.
Adam is a Sloan Fellow (Strategy and Leadership) from London Business School.
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Certificate
Upon successful completion of the course, you will receive a certificate from London Business School.
Programme details
+ A pplicable Taxes
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London Business School
Regent’s Park
London NW1 4SA
United Kingdom
Tel: +44 (0)20 7000 7000
london.edu
london.edu