Starting up a new venture involves a wide range of decisions, activities, and processes such as those involved in identifying the potential of an idea, developing and protecting an idea, building a new venture team, creating a business plan, obtaining resources, and establishing a business entity. Covers the basic analytical tools and processes involved in all these aspects of founding a new business. Management 327E and 337 (Topic: New Venture Mechanics) may not both be counted. Three lecture hours a week for one semseter.