| Ansvarligt institut | Fødevareøkonomisk Institut | ||||||||||||||||||
| English Title | Entrepreneurship and Innovation | ||||||||||||||||||
| Tidligst mulig placering | Bachelor 2. år til Kandidat 1.år | ||||||||||||||||||
| Varighed | En blok | ||||||||||||||||||
| Pointværdi | 7.5 (ECTS) | ||||||||||||||||||
| Kursustype | Fælleskursus | ||||||||||||||||||
| Eksamen | mundtlig eksamen uden hjælpemidler Beskrivelse af eksamen: Oral examination in a chosen question relating to curriculum and in the project. Vægtning: 100% 7-trinsskala, ekstern censur | ||||||||||||||||||
| Forudsætninger for indstilling til eksamen | Satisfactory completion of course tasks and presentation of project results in presentation sessions at the end of the course | ||||||||||||||||||
| Blokplacering | Block 1 Ugestruktur: C | ||||||||||||||||||
| Undervisningssprog | Engelsk | ||||||||||||||||||
| Kursusindhold | |||||||||||||||||||
| A growing need for innovative solutions and start-ups has shifted entrepreneurship and innovation management from a mere business school agenda to career options and demanded competencies across academic disciplines. Students are challenged to engage in ventures and use their knowledge for bringing innovative solutions to society. This course is specifically designed for non-business students who want to find out more about idea development and start-up processes in new ventures, and also about how existing organizations can manage the non-technical aspects of innovation processes. It introduces students with little or no background in business studies to theories and tools for entrepreneurship and innovation management that can assist them in idea development and realization. To combine the process with their "own world" students will be requested to form groups and develop a venture idea within 4 main themes closely connected to their fields of study. The topics are: Food, health, clean-tech, natural resources, and development. Ideas are not limited to new products or new for-profit ventures, but can include any type of innovation in a new or existing for- or non-profit setting. The specific focus of the main themes will be defined each year based on collaboration with relevant enterprises and stakeholders. At the beginning of the course background information about the state-of-the-art and potential partners in each theme will be provided, and a group formation process will be initiated. The course itself will then consist of theory, project work, and feedback sessions. Theory sessions will include an introduction to A) innovation theories and innovation management tools that can be applied in new ventures or existing organizations (creativity techniques, exploration and exploitation strategies, innovation process models, open innovation), B) classic and new entrepreneurship theories (notably venture stages and entrepreneurial process models), and C) a "two toolboxes" approach of "effectual" tools (e.g. means-driven action, affordable loss, stakeholder commitments, leveraging contingencies) and "causal" tools (e.g. business plans, cost sheets, competitive analysis, expected returns) for developing a new venture. In project work sessions students will need to work in "venture teams" and apply these theories and tools to their ideas through group work, in-class exercises, and real-life stakeholder development. The project work will be supplemented by regular feedback sessions consisting of presentations, guest lectures, and supervision hours. | |||||||||||||||||||
| Undervisningsform | |||||||||||||||||||
| The course targets 1) students who have an idea for a new venture or innovation but do not know how to continue, and 2) students interested in an entrepreneurial career and/or fostering innovation in existing organizations. The course engages the students with current socio-economic and political discussions on the role of entrepreneurship and innovation, and gives them an overview of entrepreneurship and innovation management theories. A large part of the course is then set-aside for presenting practical tools entrepreneurs and future employees may use to develop their ventures and manager innovation processes in organizations. To practice real-life applicability of theories and tools students will be requested to apply lecture and presentation contents to their own ideas for a new-venture/an innovation within 4 main areas. Through project work sessions students will get an idea of possible courses of action to further develop their ideas, will learn what kind of information and knowledge they will need to gather to apply certain tools, and will practice how to approach partners and stakeholders in real life. Teaching and learning methods will be based on a mix of class lectures, guest lectures from entrepreneurs, experienced business people, business support organizations, or scholars in specific fields, and in-class and real-world group exercises. Furthermore, students will give and receive feedback on their project work, will need to work in groups, and will practice to communicate their ideas through intermediary and final presentations on the development of their venture idea. | |||||||||||||||||||
| Målbeskrivelse | |||||||||||||||||||
| An entrepreneurial mindset and the ability to manage and support innovation processes is essential to new venture creation, but has also become a key competence in existing private and public sector organizations. The purpose of the course is to provide non-business students interested in developing their own ventures or in entrepreneurial and innovation processes with a basic set of theories and tools they can use to engage in new ventures or existing organizations. Through providing them with roadmaps of possible actions and tools the course is designed to stimulate entrepreneurial and innovative activities in- and outside university. Furthermore, the course aims to create awareness for entrepreneurship and innovation in the students' specific area through a focus on the application of theories and tools to the students' own ideas within a framework of 4 current socio-economic themes that relate to their fields of study. The final outcome is that students will be able to build on the knowledge from the course during their entrepreneurial career, and in further graduate courses on specific topics within innovation, entrepreneurship, and business development. On completion of the course the student will be able to: Knowledge: . Show an overview of theories and concepts in entrepreneurship and innovation management, including entrepreneurial and innovation process models, exploitation and exploration, and opportunity discovery and creation . Identify and describe the socio-economic role of entrepreneurs and innovations . Classify different types of entrepreneurs (e.g. social, habitual, serial) and innovations (e.g. product, process, organizational) . List and describe causal and effectual tools for new venture creation . List and describe creativity and search tools for innovation management Skills: . Explain entrepreneurial and innovation processes with cases in their fields of study . Select and assess new venture development and innovation management tools for starting-up new business activities or managing innovation processes . Communicate ideas to stakeholders including investors Competences: . Discuss the role of entrepreneurship and innovation management in a new or existing organization . Apply the theoretical foundations and the approaches learned about in the course to engage in entrepreneurial activities in a new or existing private firm, a public organization or an NGO . Develop an understanding of the role of planning, control, stakeholders, goals, and resources in new venture creation . Independently find and approach stakeholders necessary for the further development of ventures and ideas . Evaluate the feasibility of different tools in the context of different initial settings and available means | |||||||||||||||||||
| Litteraturhenvisninger | |||||||||||||||||||
| Read, S., Sarasvathy, S., Dew, N., Wiltbank, R. and Ohlsson A.V (2011) Effectual entrepreneurship. Routledge, New York, NY. | |||||||||||||||||||
| Kursusansvarlig | |||||||||||||||||||
| Carsten Nico Portefée Hjortsø, cnh@foi.dk, Fødevareøkonomisk Institut/Faggruppe for Produktion og Teknologi, Tlf: 353-32267 | |||||||||||||||||||
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