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Innovation and Entrepreneurship (MBIE)

Module Title: Innovation and Entrepreneurship

Module No.:

MBIE

Semester / Term:

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Duration:

1 Semester

Module Type(s):

Pflicht

Regularly offered in:

WS, SS

Workload: 150 h

Credit Points: 5

Admission Requirements:

None

Language of Instruction:

Englisch

Contributing Courses to Module:

Workload:

Self-study: 75 h
Self-examination: 30 h
Tutorials: 45 h

Course Coordinator(s) / Tutor(s):

Please see the current list of tutors in the Learning Management System.

Module Director:

References to Other Programs:

• Master of Business Administration (IUBH DL)
• Master International Management (IUBH SoBaM)
• MBA International Business (IUBH SoBaM)

References to Other Modules in the Program:

• Leadership
• Strategic Management
• Change Management

Qualification and Educational Objectives of the Module:

In the context of rapid globalization, the opportunities available to entrepreneurs to develop and market their products and services are greater than ever before. However entrepreneurial and “intrepreneurial” activities are accompanied by unique challenges and opportunities, and a robust understanding of the process of innovation and establishing novel business activities is vital to avoid those common pitfalls that limit the establishment and growth of new ventures.
Upon completion of this course, students will be able to describe the foundations, importance, and dimensions of entrepreneurship and entrepreneurial activities and derivatives of entrepreneurship such as interpreneurship, corporate entrepreneurship, owner/manager relations and small/family businesses. They will be able to analyze the opportunities and challenges associated with establishing a new venture and differentiate between different motivations for business formation. Importantly, they will learn to outline the role of various stakeholders and effectively manage relations with stakeholders who have a vested interest in the innovation.
Students will develop the skill-base necessary for conducting entrepreneurial activities. They will be able to develop an effective business model and design measures to grow the venture at a sustainable rate. They will be able to recognize available legal designs to formalize business formation and select the most appropriate design relative to the needs of the business. Students will know how to assess available financial sources to fund business/innovation activities and select the most appropriate capital/debt structure. The most significant outcome of this module is that students will be able to construct a rigorous business plan that can be used as a strategic planning tool and secure necessary financial backing.

Course Content of the Module:

• Innovation and entrepreneurship in a globalized economy
• Fundamentals of entrepreneurship
• Innovation and product development
• Innovation, adoption, and diffusion
• Applied innovation

Teaching Methods:

See the contributing course outline(s)

Literature:

See the contributing course outline(s)

Percentage of the Module Grade Relative to the Final Grade for the Program:

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Prerequisites to Qualify for Assessment:

Assessment:

See course outline(s)

MBIE01
Written Assessment: Case Study (100%)