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DRPS : Course Catalogue : Business School : Business Studies

Undergraduate Course: Innovation and Entrepreneurship (BUST08015)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 8 (Year 2 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis course will draw on theories of innovation and entrepreneurship to explore how effective organisations engage in these two strongly integrated processes, exploring, in particular, product, service and process innovation and demonstrating the role of innovation as a driver of organisational growth and development.
Course description Innovation is a vital process in driving change at every level in society: organisations which fail to innovate may find themselves overtaken by competitors to the detriment of economic development and growth on a regional, national and international scale. Innovation as a process is influenced not only by what happens at the level of the organisation but also by aspects of its external environment which constitute the broader innovation system, some of which may facilitate and others impede the process. Innovation happens in both existing and newly emerging organisations when entrepreneurial thinkers leverage benefits from the external environment and marshal resources and internal capabilities to exploit opportunities, taking into account the risks.

This course will draw on theories of innovation and entrepreneurship to explore how effective organisations engage in these two strongly integrated processes, exploring, in particular, product, service and process innovation and demonstrating the role of innovation as a driver of organisational growth and development. Recent cases drawn from a range of sectors will be used to illustrate practical aspects associated with implementing innovation strategies and the impact of innovative and entrepreneurial behaviour on economic development.

Lecture 1 Introduction to the course
Lecture 2 The Innovation Imperative
Lecture 3 Social Entrepreneurship
Lecture 4 Globalisation, Development and Sustainability
Lecture 5 Individual & Organisational Characteristics 1
Lecture 6 Individual & Organisational Characteristics 2
Lecture 7 Sources of Innovation 1
Lecture 8 Sources of Innovation 2
Lecture 9 Searching for Opportunities 1
Lecture 10 Searching for Opportunities 2
Lecture 11 Building the Case 1
Lecture 12 Building the Case 2
Lecture 13 Exploiting Networks
Lecture 14 Developing New Products and Services
Lecture 15 Creating New Ventures 1
Lecture 16 Creating New Ventures 2
Lecture 17 Exploiting Knowledge and Intellectual Property
Lecture 18 Creating Value and Growing Ventures
Lecture 19 Presentation of Selected Group Projects
Lecture 20 Learning to Manage Innovation

Student Learning Experience
The course will be taught as ten two-hour sessions, using a mix of summary of key concepts, cases studies, group exercises and plenary discussions. Each session will address a key theme as outlined below. Students will also attend weekly tutorials which will be based around the discussion of activities and exercises linked to the previous week¿s lecture theme.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Foundations of Business (BUST08025) OR Introduction to Business (BUST08026) OR ( Industrial Management 1 (BUST08002) AND Techniques of Management (MAEE08002))
Prohibited Combinations Other requirements None
Information for Visiting Students
Pre-requisitesVisiting students should usually have at least 1 introductory level Business Studies course at grade B or above (or be predicted to obtain this) for entry to this course. We will only consider University/College level courses.
High Demand Course? Yes
Course Delivery Information
Academic year 2015/16, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 8, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 166 )
Assessment (Further Info) Written Exam 60 %, Coursework 30 %, Practical Exam 10 %
Additional Information (Assessment) There will be two components of assessment, coursework and an end of term examination.
1) Coursework 40%: Made up of a group presentation (10%) focused on the outputs of the group project and an individual reflective essay (1,500 words) based around the content of the group project (30%).

2) Closed book examination 60%: The examination will be of 2 hours duration and you will be expected to answer 3 out of 6 questions.
Feedback Generic feedback on your coursework, together with individual marks, will be available on Learn. You can also look at your individual feedback in the UG Office (Room 1.11, Business School, 29 Buccleuch Place) and take away a copy of the feedback form, but you will not be able to take away the original piece of coursework, as it may be required by the Board of Examiners.

Your examination marks will be posted on Learn (together with generic feedback and examination statistics) as soon as possible after the Boards of Examiners¿ meeting. During the summer months (i.e. mid/end June to end August), you may come into the UG Office (Room 1.11, Business School, 29 Buccleuch Place) to review your examination scripts. Note that you will not be able to remove any examination scripts from the UG Office as they may be required by the Board of Examiners.

Continuing students will also be given the opportunity to review their examination scripts early in the new academic year in Semester 1.
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Resit Exam Diet (August)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand innovation as a core business process and how innovation can be managed, distinguishing some key characteristics of successful innovation and successful innovators.
  2. Understand the the role of innovation and entrepreneurship in economic development and the contributions of economics, sociology of technology, institutional theory and policy analysis to the analysis of innovation.
  3. Understand and explain the intellectual property choices available to innovative companies and entrepreneurs.
  4. Understand and discuss the concepts of technological trajectories and the accumulation of firm-specific competences, and appreciate how disruptive technologies disrupt these.
  5. Discuss the location of research and development activities and the importance of collaborations and external linkages, understanding the concepts of ¿innovation clusters¿ and ¿national systems of innovation¿.
Reading List
Key Reading:
Bessant, J and Tidd, J (2015) Innovation and Entrepreneurship: 3rd edition, Chichester, John Wiley & Sons.
The lectures follow the structure of this text and access to it is helpful but not essential.

Additional reading and reference materials :
You will be referred to relevant articles and to other materials during the course through a course Resource Lists available on Learn. This will help you to engage with relevant material in academic journals in the entrepreneurship and innovation areas, and with case studies and contemporary reports, to provide further background for lecture topics, form the basis of specific tutorial assignments and provide material for your group and individual assignments.

University of Edinburgh Online Library Resources:
You are encouraged to use the electronic journals section of the Library web site. An alphabetical list of electronic journals that the Library subscribes to can be accessed via the Library Home Page, using MyEd.
Additional Information
Graduate Attributes and Skills Cognitive/analytical skills/transferable skills
Through individual and group-work students will develop their ability to:
Gather and critically analyse data accessed from a range of sources, including electronic and web-based materials;
Work co-operatively to analyse business problems;
Develop and deliver effective presentations;
Write clear business reports;
Produce business plans.
KeywordsNot entered
Course organiserMr Ian Graham
Tel: (0131 6)50 3797
Course secretaryMiss Anne Cunningham
Tel: (0131 6)50 3827
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