At the end of the UC, students will be able to:
- Identify and systematize the phases of the entrepreneurial process, with special emphasis on the recognition of business opportunity;
- Identify strategies for creating and developing business opportunities.

1. The entrepreneurial process stages;
2. The process of business opportunities recognition;
3. The area of business opportunity;
4. Types of business opportunities;
5. Competencies in business opportunity recognition, as the alertness, prior knowledge and "connecting the dots"
6. The validity of the business opportunity;
7. The entrepreneurial attitude and spirit: entrepreneurial motivation, psychological competencies, social competencies and management competencies.

Blended learning course

Attendance - 10%
Participation - 20%
Individual assignment
Business idea presentation ? 70%
Online course - concluded

Lectures, in-class exercises, in-class discussions, readings, case discussions (in smaller groups), video clips, online courseproject;

Pedagogical approach: Instruction, self-exploration, and process-based experiential learning

Baron, R. & Shane, S. (2005). Entrepreneurship ? A process perspective. Cincinnati, Ohio: Thomson.
Bucha, A. (2009). Empreendedorismo: aprender a saber ser empreendedor. Lisboa: RH Editora.
Correia Santos, S., Curral, L., & Caetano, A. (2010). Cognitive maps in early entrepreneurship stages: From motivation to implementation. International Journal of Entrepreneurship and Innovation, 11 (1).
Correia Santos, S. & Caetano, A. (2010). Empreendedorismo na Universidade: Como identificar o Potencial Empreendedor? Revista Portuguesa e Brasileira da Gestão (submetido).
Rae, D. (2007). Entrepreneurship from opportunity to action. Basingstoke: Palgrave MacMillan.
Sarkar, S. (2009). Inovação e Empreendedorismo. Lisboa: Escolar Editora.

Baron, R. (2006). Opportunity Recognition as Pattern Recognition: How Entrepreneurs ?Connect the Dots? to Identify New Business Opportunities. Academy of Management Perspectives, February, 104 ? 119.
Baron, R., & Ensley, M. (2006). Opportunity Recognition as the Detection Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs. Management Science, 52, 1331 ? 1344.
Gaglio, C. & Katz, J. (2001). The Psychological Basis of Opportunity Identification: Entrepreneurial Alertness. Small Business Economics, 16, 95-111.
Shane, S. & Venkataraman, S. (2000). The Promise of Entrepreneurship as a Field of Research. Academy of Management Review, 25, 217-226.
Shane, S. (2000). Prior Knowledge and the Discovery of Entrepreneurial Opportunities. Organizational Science, 11, 448 -469.