| CODE | IOT5020 | ||||||||||||
| TITLE | Entrepreneurship: Innovation and Foresight in Practice | ||||||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||||||
| MQF LEVEL | Not Applicable | ||||||||||||
| ECTS CREDITS | 8 | ||||||||||||
| DEPARTMENT | The Edward de Bono Institute for the Design and Development of Thinking | ||||||||||||
| DESCRIPTION | Learning Objectives: On completion of this study-unit students are expected to demonstrate their ability to: - Demonstrate a comprehensive, detailed and critical understanding of the processes involved in entrepreneurship in multiple contexts and from different perspectives. - Synthesize disparate concepts and theory introduced in the module into a coherent overview of entrepreneurship in practice. - Conceptualise, identify, design and integrate a range of processes used in the creation, sustainability, development and growth of an enterprise, for example: - Strategic awareness, sense-making and foresight - Networking and relationship building - Generating and evaluating opportunities - Innovation and experimentation - Designing and planning enterprise practice - New venture, project and value creation - Critically examine their own competences, identity and practices with regard to entrepreneurial behaviour and enterprise development. - Develop a critical understanding of the process of being entrepreneurial in the creation of a plan for a new venture from an innovative idea. - Evaluate the conditions and activities that influence the degree of entrepreneurial behaviour in an organisational context and critique normative approaches to the creation of corporate and social entrepreneurship. Description: In a reflexive risk society, where innovation and creativity produce new knowledge, entrepreneurship turns ideas and innovations into manifest everyday practice. Entrepreneurship can be found in many organizational settings, including SMEs, corporate organizations and the public sector. It can be argued that entrepreneurship is the process by which the future is created from ideas and innovations. This study-unit will use the creation of a new venture as a model of entrepreneurship. The course will simulate the development of a new venture through the creative practices of the participants. In the process key theories and ideas will be presented and discussed. The study-unit starts with an introduction to entrepreneurship,establishing an understanding of some fundamental concepts and trends in research in the field. Frequently asked questions and common perceptions are posed and challenged. The perspective of the participants, their background, experiences and national culture will be explored in relation to their understanding of entrepreneurship and the notion of entrepreneurial behaviour. Linkages are made with innovation, creativity and foresight. The study-unit then explores the processes of entrepreneurship in the discovery, evaluation and the exploitation of opportunities. This follows a logical sequence from initial ideas and innovation through the emergence and evaluation of the opportunity into a planned and shaped activity and into the implementation process. The study-unit provides an alternative perspective to traditional theory in business and management in which rationality, analysis and prediction are prominent to one which is predominantly heuristic, iterative, reflexive, reflective and experimental. The emphasis is upon peer and learner directed activities with a focus upon interactive involvement in which tutors are facilitators in the learning process. Indicative Content - The nature of enterprise, entrepreneurs, entrepreneurial behaviour and entrepreneurship. Who and what are entrepreneurs? What do entrepreneurs do (how do they perform)? Why do they become entrepreneurs? Are entrepreneurs born or made? Cognitive and sociological perspectives. Why are there different perspectives? - Ideas, innovation and opportunity. Are opportunities discovered, generated or created? What processes are involved in theory and practice? Complexity and emergence. Why are entrepreneurial processes so complex? Motivation, intention, networks, relationships, stakeholders, and experimental/experiential learning. Self and organisational analysis. - Evaluating opportunities and the emergence of a new venture. Forms of capital (human, social, symbolic, entrepreneurial, and financial), resources and resource based theory (RBT), environmental scanning and trends. Enterprise development and the underlying processes of causation and effectuation. Why is there a need to test out ideas? Thought experiments. Experiments, reflexivity, reflection, organising domains, dominant logic and sensitivity. Concepts of risk, trust, sense making and sense giving, social and human capital. Gaining support for ideas and legitimacy. The role of story/narrative. Change management. Emotional intelligence. Recommended Text: - Wickham, P. A. (2006). Strategic entrepreneurship. London, FT Prentice Hall. Further Reading: - Barringer, B. R., & Ireland, R. D. (2006). Entrepreneurship: Successfully launching new ventures. NY: Pearson Prentice Hall. - Baum, R., Frese, M., & Baron, R. (Eds.) (2006). The psychology of entrepreneurship (SIOP Organizational Frontiers Series). PA: Lawrence Erlbaum Associates. - Bessant, J. &Tidd, J. (2007). Innovation and entrepreneurship. West Sussex: John Wiley & Sons. - Birley, S., &Muzyka, D. (Eds.) (2000). Mastering entrepreneurship. NY: FT Prentice Hall. - Burns, P. (2007). Entrepreneurship and small business. NY: Palgrave Macmillan. - Carter, S. & Jones-Evans, D. (2000) (Eds.) Enterprise and small business: Principles, practice and policy. London: FT Prentice Hall. - Johnson, S. (2006). Who moved my cheese? Utah: Spencer Johnson Partners. - Kirby, D. A. (2003). Entrepreneurship. Berkshire: McGraw-Hill Education. - Lumsdaine, E., &Binks, M. (2006). Entrepreneurship from creativity to innovation: Effective thinking skills for a changing world. Oxford: Trafford Publishing. - Robinson, A. G., & Schroeder, D. M. (2006). Ideas are free. SF: Berrett-Koehler Publishers Inc. - Sarasvathy, S. D. (2008). Effectuation: Elements of entrepreneurial expertise. MA: Edward Elgar. - Shane, S. (2003). A general theory of entrepreneurship: The individual-opportunity nexus. MA: Edward Elgar. Further readings in electronic format will be provided throughout the course. |
||||||||||||
| STUDY-UNIT TYPE | Lecture, Online Lecture and Workshop | ||||||||||||
| METHOD OF ASSESSMENT |
|
||||||||||||
| LECTURER/S | Leonie Baldacchino (Co-ord.) Elizabeth Miles |
||||||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
|||||||||||||