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MN20605: Foundations of entrepreneurship and innovation

[Page last updated: 20 April 2021]

Academic Year: 2021/2
Owning Department/School: School of Management
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 2
Assessment Summary: CW 100%
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
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.

Skills: 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.

Content: 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.

Programme availability:
NB. Postgraduate programme information will be added when the postgraduate catalogues are published in August 2021

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)

Notes:

  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.