Undergraduate Course: Innovation and Entrepreneurship (BUST08015)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 8 (Year 2 Undergraduate)
||Availability||Available to all students
|Summary||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.
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 weeks lecture theme.
Information for Visiting Students
|Pre-requisites||Visiting students must have at least 1 introductory level Business Studies course at grade B or above for entry to this course. We will only consider University/College level courses.
|High Demand Course?
Course Delivery Information
|Academic year 2020/21, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 20,
Seminar/Tutorial Hours 8,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||There will be two components of assessment, coursework and an end of term examination.
1) Coursework 30%: An individual reflective essay (1,500 words) based around the content of the group project
2) Take Home examination 70%: The examination will be of 24 hours duration and you will be expected to answer 3 out of 6 questions. Maximum word limit of 1000 words for each question.
||Generic feedback on your coursework, together with individual marks, will be available on Learn on DATE (to be confirmed). You will also be able to review your individual feedback electronically via Grademark on Learn from SAME DATE.
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 (normally end of February).
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
|Resit Exam Diet (August)||2:00|
On completion of this course, the student will be able to:
- Understand innovation as a core business process and how innovation can be managed, distinguishing some key characteristics of successful innovation and successful innovators.
- 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.
- Understand and explain the intellectual property choices available to innovative companies and entrepreneurs.
- Understand and discuss the concepts of technological trajectories and the accumulation of firm-specific competences, and appreciate how disruptive technologies disrupt these.
- 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┐.
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 www.lib.ed.ac.uk, using MyEd.
|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.
|Course organiser||Mr Ian Graham
Tel: (0131 6)50 3797
|Course secretary||Miss Anne Cunningham
Tel: (0131 6)50 3827