Programs in entrepreneurship management prepare students to run and manage a company. Topics that may be covered are risk assessment, issues related to competitive markets, strategic planning, legal and political impacts, and business plan writing.

The PhD is a doctoral degree, specifically called a "doctor of philosophy" degree. This is misleading because PhD holders are not necessarily philosophers (unless they earned their degree in philosophy!). That said, PhD recipients are able to engage in thought experiments, reason about problems, and solve problems in sophisticated ways.