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MN20605: Foundations of entrepreneurship and innovation

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 70% - Qualifying Mark: 35)
  • Coursework 2 (CW 30% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: This unit is only available to students on the BSc Management, BSc Management with Marketing, and BSc International Management.
Further information on descriptions Description: Aims:

* Examine the nature, process, organisational context, and impact of entrepreneurship and innovation
* Expose students to the process associated with the generation, assessment, and development of business opportunities
* Encourage entrepreneurial, opportunity-oriented thinking.

Learning Outcomes:

* Comprehensive, in-depth understanding of the key components of entrepreneurship and innovation processes.
* Critical thinking about issues related to business venturing through the application of relevant theories.
* Identification of challenges and paths for development associated with pursuing business opportunities
* Application of entrepreneurial thinking to different business contexts.

Subject specific skills:
* Skills required for managing a new venture, such as working in groups, managing time, organising and conducting meetings, presentation and other form of business communication and coordinating management functions and tasks.
* Identifying the key success factors for an entrepreneurial endeavour.
* Ability to apply key concepts and conduct clear analysis under pressure.
* Skills to work in diverse teams, different cultures, races and genders.
Key skills
* Express core concepts and interpret business situations concisely and coherently.
* Analyse business situations to identify courses of action.
* Evaluate and use evidence as part of a strategy formulation process.
* Decision-making under uncertainty and ambiguity
Transferable Skills
* Deal with complex issues both systematically and creatively, make sound judgements in the absence of complete evidence, and communicate their conclusions clearly to professional and non-professional audiences;
* Demonstrate self-direction and originality in tackling and solving problems, and act autonomously in planning and implementing tasks at a professional level;
* Develop independent learning ability required for continuing professional development.

The unit will offer students both systematic understanding and practical insights into the nature, process, organisational context, and impact of entrepreneurship and innovation. It will potentially cover the following topics:
* Context of entrepreneurship and innovation
* Processes of entrepreneurship and innovation
* Nature, generation, assessment, and development of business opportunities
* Business models
* Entrepreneurial cognition
* Decision making under uncertainty and ambiguity
* Entrepreneurial finance
* Government policy in support of entrepreneurship and innovation
* Entrepreneurship in different business contexts.
Further information on programme availabilityProgramme availability:

MN20605 is Compulsory on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 2)
  • UMMN-AFB04 : BSc(Hons) Management (Year 2)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 2)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 2)