MN20605: Foundations of entrepreneurship and innovation
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
|
| Assessment Summary: | CW 100% |
| Assessment Detail: |
|
| Supplementary Assessment: |
|
| Requisites: | |
| 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. |
| 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. |
| 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. |
| Course availability: |
MN20605 is Compulsory on the following courses:School of Management
|
Notes:
|