ENTREPRENEURSHIP AND INNOVATION

SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMN121679
Module Leader Thomas Peschken
School Glasgow School for Business and Society
Subject Management
Trimesters
  • A (September start)
  • B (January start)

Summary of Content

Entrepreneurship and innovation involves the application of patterns of behavior to enhance abilities, knowledge and decision making. The module is designed to integrate the two concept in a way that students see them as a symbiotic relationship rather than isolated and independent activities. The practical application of entrepreneurship is synonymous to creating business ventures and developing them in new and innovative ways. Entrepreneurs initiate new projects by identifying opportunities in the business environment. The entrepreneurial role of the manager is to demonstrate creativity and initiate change in a dynamic environment. Academic contributions have helped to simplify the processes involved in entrepreneurship through the development of theories, models and flow charts. These shall be used to underpin the academic rigour of the module and will work in tandem through activities designed for the practical application of the process of entrepreneurship. This latter aspect reflects the non-linear characteristics of the process and focuses attention on the innovative and creative dimensions captured in the module. The module builds an appreciation of the need for an entrepreneurial mindset across different contexts including commercial enterprises, family-owned businesses, social enterprises and public social partnerships operating at national and international levels. The practical application of responsible management and an ethical dimension to entrepreneurial and innovative activities play a key role in the discussion and debates that are a key feature of the module. Entrepreneurship is inextricably linked to innovation. This module incorporates innovation into the process of entrepreneurship by demonstrating innovation in all its manifestations and characteristics. Thus, innovation includes novelty, new insights into product development, new services, processes and systems that contribute to achieving competitive advantage or other strategic aims of organisations. A key learning outcome in the module is the application of entrepreneurial practices as a basis for innovative business development. Thus, the module enhances understanding of the business development process and the choice and application of appropriate business models that underpin it. The learning will be further enhanced by the use of case studies to illustrate this process in action in a dynamic environment.

Syllabus

The key topics for the lectures include: -360 1. Introduction to entrepreneurship and innovation -360 2. Entrepreneurship and innovation: processes, capabilities; protecting innovation through intellectual property rights -360 3. New venture creation (i): raising finance and business planning -360 4. New venture creation (ii): developing new and novel products and services -360 5. Entrepreneurship context (i): social enterprises and public social partnerships -360 6. Entrepreneurship context (ii): corporate and commercial enterprises -360 7. Recognising opportunity: sourcing innovation; creating novelty, leveraging advantage from technologies -360 8. Entrepreneurship and innovation: globalization, development and sustainability -360 9. Managing entrepreneurship and innovation -360 10. Strategies for innovation -360 11. Ethical entrepreneurship and innovation and responsible management -360 12. Review, reflection on learning and consolidation, presentation feedback

Learning Outcomes

On completion of the module students should be able to:1. apply and/or formulate frameworks, concepts and processes that underpin entrepreneurship, new venture creation and innovation;2. critically assess the characteristics and processes of entrepreneurship and innovation in different organizational contexts;3. synthesise and evaluate the impact of entrepreneurial and innovative activities;4. critically analyse theoretical perspectives in entrepreneurial and innovation studies to assist informed discussion;5. understand the practical application of responsible management techniques for entrepreneurship and innovation

Teaching / Learning Strategy

Learning and teaching will be carried out mainly in lecturers, seminars and workshops, complemented by guided independent research and reading. Key elements of the learning process shall be the analysis and discussion of chosen case studies, problem based learning and active learning. Consistent with Masters level study, the module will feature significant independent and directed learning fully supported by web-based activities. Lectures cover core course materials and will provide the framework for the syllabus. Students shall be given direction on salient issues that form the basis for relevant reading. A problem-solving and ideas generation format will be adopted for workshops that will be built around action research and integrative case studies. The case studies shall encourage professional reflection on experience and in the later stages pose opportunities for creative thinking, innovation and entrepreneurial decision making. Supporting materials shall include critical analysis of published papers, debates around current news issues, company developments and document analysis. Student-centred applied learning is facilitated through experiential learning, directed research, and presentation and discussion of findings in seminars. In addition, the use of the virtual learning environment (VLE) shall support the students learning. Group work and the formation of learning sets shall be encouraged and supported by relevant material and independent and directed work.

Indicative Reading

Core Text: Bessant, J and Tidd, J (2011) Innovation and Entrepreneurship (Second edition), J Wiley & Sons, Relevant Texts: Burns, P. (2007) Entrepreneurship and Small Business, Palgrave, Basingstoke. Cressy, R., Cumming, D. and Mallin, C. (2012) Entrepreneurship, Governance and Ethics, Springer, New York, NY. Deakins, D. and Freel, M. (2009) Entrepreneurship and Small Firms, McGraw-Hill Education, Maidenhead. Drucker, P.F. (2007) Innovation and Entrepreneurship (Second edition), Butterworth-Heinemann, New York, NY. Ellis, T. (2010) The New Pioneers: Sustainable Business Success Through Social Innovation and Social Entrepreneurship, J Wiley & Sons, Chichester. Gersick, K., Davis, J., Hampton, M., McCollum & Lansberg, I. (1997) , Generation to Generation , Harvard Business School Press, Boston, MA. Gundry, L.K. and Kickul, J.R. (2006) Entrepreneurship Strategy, Sage Publications, Thousand Oaks, CA Jones-Evans, D., Carter, S. (2006) Enterprise and Small Business: Principles, Practice and Policy with the Definitive Business Plan (2nd Edition), FT Prentice Hall, Harlow. MIller, F.P., Vandome, A.F. and McBrewster, J. (2010) Corporate Social Responsibility: Social Entrepreneurship, Organizational Culture, Corporate Social Responsibility, Organizational Studies, Business Ethics, Entrepreneurship, Alphascript Publishing, Beau Bassin, Mauritius. Morris, M.H., Covin, J.G. and Kuratko, D.F. (2011) Corporate Innovation and Entrepreneurship (3 rd Edition), SouthWestern College Publishing, San Francisco, CA. Timmons, J.A. and Spinelli, S. (2011), New Venture Creation: Entrepreneurship for the 21st Century, 8th Edition, McGraw-Hill Irwin, London. Vandome, A.F. and McBrewster, J. (2010) Corporate Social Responsibility: Social Entrepreneurship, Organizational Culture, Corporate Social Responsibility, Organizational Studies, Business Ethics, Entrepreneurship, Alphascript Publishing, Beau Bassin, Mauritius. Wagner, M. (2012) Entrepreneurship, Innovation and Sustainability, Greenleaf Publishing, Austin, TX. Journals: Entrepreneurship Theory and Practice. Journal of Business Venturing Entrepreneurship and Regional Development Family Business Review International Journal of Entrepreneurial Behaviour and Research. International Small Business Journal. Websites: www.prme.org www.babson.edu/entrep/fer/ www.scottish-enterprise.com www.bis.gov.uk www.startups.co.uk www.companieshouse.org.uk www.familybusinesscentre.com

Transferrable Skills

-4320 Students studying the module should further develop: -360 1. Self-management abilities (through conduct of directed learning activities). 2. Research abilities (through directed learning; individual and team investigative work; and practical document and policy analysis sessions) 3. Reflective, analytical, creative problem-solving abilities and generating ideas (through analysis and discussion of key issues and case studies). 4. Evaluative, interpersonal communication, presentation and team working abilities (through directed individual and team based research and presentation of findings in seminars). 5. Practical and academic writing (through the reflective research based coursework).

Module Structure

Activity Total Hours
Lectures (FT) 18.00
Independent Learning (FT) 78.00
Assessment (PT) 36.00
Assessment (FT) 36.00
Seminars (FT) 18.00
Independent Learning (PT) 78.00
Seminars (PT) 18.00
Lectures (PT) 18.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 1 n/a 50.00 45% Report
Coursework 2 n/a 50.00 45% Business plan