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Minnesota State University, Mankato
Minnesota State University, Mankato

Entrepreneurship and Innovation Minor

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About the Minor (18 Credits)

Thinking like an entrepreneur doesn’t necessarily mean starting a new business. This minor is for any student, from any discipline who wants to explore and implement ideas that create social, environmental or economic value. From an engineering major developing the next energy efficient vehicle, to the sports management student learning to coordinate events, to the artist wanting to open their own gallery, the Entrepreneurship & Innovation minor is developed to help prepare you for what lies ahead in the working world. By completing the minor you will have the opportunity to:

  • Practice real world application of business concepts
  • Acquire new resources to help you reach your goals
  • Increase your self -awareness and social skills to help determine your skills and strengths
  • Understand the value in creating effective management teams
  • Think like an entrepreneur


Challenge students to think like an entrepreneur by providing foundational and creative coursework combined with co-curricular entrepreneurial opportunities.

A minor in Entrepreneurship & Innovation consists of the following 18 credits and requires completion of the United Prairie Bank IBE program.

IBE Courses (12 credits):

BUS 397 section 2 (3) IBE Practicum

An applied course that entails developing, launching, managing, and closing a business with the cohort of students enrolled in the class. Students write and present a business plan as they seek financing for their start-up company. The business start-up experience creates a real-world context in which students can practice the concepts introduced in MGMT 330, MRKT 310, and FINA 362. BUS 397 is part of the United Prairie Bank Integrated Business Experience, and students must enroll concurrently in BUS 397 and sections of FINA 362, MGMT 330, and MRKT 310 that are designated for IBE students.

FINA 362 section 2 (3) Business Finance

An introduction to finance relating to problems, methods, and policies in financing business enterprise.

MGMT 330 section 2 (3) Principles of Management

This course examines basic management concepts and principles, their historical development, and their application to modern organizations. Topics covered include planning, organizing, decision making, leadership, control, and organizational change. In addition, the course includes an introduction to business ethics and social responsibility, human resource management, organizational design and organizational behavior.

MRKT 310 section 2 (3) Principles of Marketing

This course provides a basic understanding of marketing concepts with emphasis on the pricing, promotion, and distribution of need satisfying products and services in domestic and international markets. The format of the course consists of lectures, case discussions, application exercises, projects, exams, and in-class group assignments.

Additional Courses (6 Credits):

MGMT 332 (3) Creativity and Innovation

This course is designed to develop a student’s personal creativity and help a student identify the process of organizational innovation. The course is comprised of a combination of short lecture, in-class discussion of readings and videos, writing assignments, an elevator pitch and group activities.

MGMT 443 (3) Entrepreneurship

The course is an active learning course where students are immersed in the process of starting a new enterprise. In managing their entrepreneurial projects, students conceptualize and develop business plans that includes self-assessment, industry and market analyses, a marketing plan, human resource management, and financial analyses and projections.