LV EN RU DE FR

Entrepreneurship and Innovation Management

Course developer

Course abstract

The aim of the course is to provide the doctoral student with theoretical knowledge and practical skills for development of their business idea in entrepreneurship or in public sector. The course provides the doctoral student with an overview on entrepreneurship and innovation management and prepares the doctoral student for becoming an entrepreneur and for commercialization of scientific research, incl. planning for business model and business plan, testing of business idea and for finding investors.

Learning outcomes and their assessment

After the course, the doctoral student can:
- Define main entrepreneurship concepts and role of innovation in entrepreneurship and explain main entrepreneurship theories.
- Analyze entrepreneurship environment and describe entrepreneurship ecosystem and its role in innovation.
- Define innovation, different types of innovation and its main theories.
- Understands entrepreneurship process and can manage its different stages in developing a business idea.
- Analyze commercialization process and strategies for scientific research.
- Apply different methods for generation, development and assessment of business ideas.
- Prepare a business model and business and financial plan for development of a business idea.
- Demonstrate entrepreneurial ability and team working skills in development of a business idea.
- Knows different sources for financing an idea and can present a business idea to the investor.
The final grade in the study course is accumulated from 4 tests (weight for each test is 25%).

Course Content(Calendar)

1. Introduction to course. Entrepreneurship, main definitions and concepts. Entrepreneurship opportunities. Entrepreneurship as a process. Entrepreneurship ecosystem. Individual task 1 on entrepreneurship. Reading material academic entrepreneurship and ecosystem. (L-3; P-1)
2. Discussion of reading material. Definition of innovation, connection between innovation and entrepreneurship. Types of innovation. Innovation management in academic setting. Individual task 2 on innovation. Reading material on commercialization. (L-1; P-3)
3. Presentations of task 2. Discussion of reading material. Commercialization of research I. Definitions, strategies. Intellectual property. Knowledge transfer. Technology transfer. Examples. Instructions for task 3: Group task 3 on commercialization cases. (L-1; P-3)
4. Commercialization of research II. Presentation of group task 3. Guest visitor on academic spin- offs: opportunities of business incubation and acceleration. Deadline for task 1: test on entrepreneurship. Reading material on business models. (P-4)
5. Introduction of business models and developing an idea for a spin off. Types of business models. Business model blocks Lean approach. Instructions for task 4: Group task 4 on developing an idea. Reading material on business idea development. (L-1; P-3)
6. Presentation on the ideas for task 4. Analysis of business environment. Product concept. Minimal viable product. Presentation of business ideas. Financing of business ideas and types of investors. Continuation with task 4. Reading material on financing of business ideas. (L-2; P-2)
7. Update on the task 4. Pitching of ideas. Continuation with task 4. (L-1; P-3)
8. Presentation of task 4: ideas for spin offs and their business models. (P-4)

Requirements for awarding credit points

The requirements to pass this course are following: student have to get a pass on four assignments.

Description of the organization and tasks of students’ independent work

PhD student prepares for lectures and practicals independently by studying basic and supplementary literature.

Criteria for Evaluating Learning Outcomes

All four tasks have to be submitted and have to receive pass.
Task 1: 70% of answers correct. This is individual task on entrepreneurship with a multiple choice test in Moodle.
Task 2: 12 out of 20 points to pass. This is individual written task on innovation.
Task 3: 24 out of 40 points to pass. This is group written task on commercialization.
Task 4: 24 out of 40 points to pass. This is group written task on developing business idea on business model canvas.

Compulsory reading

1. Duening, T., Hisrich, R., Lechter, M. Technology Entrepreneurship Taking Innovation to the Marketplace. Academic Press, 2020. 395 p.
2. Tidd, J., Bessant J. Managing Innovation: Integrating Technological, Market and Organizational Change. 7th Edition. Wiley, 2020. 624 p.
3. Stam, E. 2015. Entrepreneurial Ecosystems and Regional Policy: A Sympathetic Critique, European Planning Studies, 23:9, 1759-1769

Further reading

1. Baden-Fuller, C., Morgan, M. S. Business Models as Models. Long Range Planning, 43(2), 156-171, 2010.
2. Osterwalder, A., Pigneur, Y. Business Model Generation. A Handbook for visionaries, game changers and challengers. New Jersey: John Wiley and Sons, 2013. 279 p.
3. Romano, A., Passiante, G., Vecchio, P.D. The Technology-Driven Entrepreneurship in the Knowledge Economy. Passiante, G; Romano, A. Creating Technology-Driven Entrepreneurship Foundations, Processes and Environment, Palgrave. pp. 21- 48, 2016.
4. Brown, R., Mason, C. Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems. Small Business Economics 49, 11-30, 2017.

Notes

PhD study programme “Agrarian and Regional Economics”