ELE 3701 Innovation and Entrepreneurship

APPLIES TO ACADEMIC YEAR 2013/2014

ELE 3701 Innovation and Entrepreneurship


Responsible for the course
Heidi Wiig Aslesen

Department
Department of Innovation and Economic Organisation

Term
According to study plan

ECTS Credits
7,5

Language of instruction
Norwegian and english

Introduction
Please note
This course has some overlapping issues with the specialisation course in Innovation Management, 15 credits. Consequently a combination of theese two courses in a Bachelors degree will not be allowed.

During recent years, growing awareness of the importance of innovation and entrepreneurship has developed, and this field is now one of the highest priorities of the Norwegian Government which has developed its "holistic innovation policy framework" formulated in the document "From Idea to value", in which it is declared that Norway is going to become "one of the most innovative countries of the world".

Innovation and entrepreneurship address basic processes of industrial evolution, which can take many forms in processes of developing new products and processes, starting up new firms or developing or restructuring existing firms, or for instance by organizing collaboration with customers or clients. Basically, innovation and entrepreneurship are focusing on the same type of processes, however, with a tendency of innovation to be more focused on developing the functional aspects of products or processes, while entrepreneurship is more focused on starting up new ventures and commercialization.

In this course we will take this as the point of departure, and discuss what innovation and entrepreneurship are, and analyze the importance of these phenomena and how they are materializing in "real" life, both in existing firms and in connection with the start-up of new firms


Learning outcome
Acquired Knowledge
In the course the student will get an overview of the fields of innovation and entrepreneurship, and achieve familiarity with key concepts and theories.

Acquired Skills
The student will develop skills for analyzing and participating in development processes in firms and entrepreneurial ventures, as well as working with facilitation of innovation dynamics in public organizations (Innovation Norway, etc).

Reflection
During the course, the student is expected to develop an ability to reflect critically on the role of innovation and entrepreneurship in the economy, as well as on political strategies to support innovation and entrepreneurship in society.

Prerequisites
None

Compulsory reading
Books:
Bessant, John and Joe Tidd. 2011. Innovation and entrepreneurship. 2nd ed. Wiley

Recommended reading

Course outline
The course is organized in the following sequences:

  • Models & Types of Innovation
  • Innovation and Entrepreneurship Organization
  • Proactive Links
  • Generation of Innovations
  • Search for & Selection of Opportunities
  • Implementation, Development & Commercialization of Innovations
  • Strategic Leadership

The course will be supplemented by seminars consisting of a combination of case studies, exercises and discussion of key readings.

Computer-based tools
None required

Learning process and workload
The course will include lectures, guest lectures, and student participation related to cases and curriculum.
During the semester the students will write a Project paper. The project paper can be written in groups of up to three students. Max 20 pages, on one of the following topics:
    1. Analyze an existing innovation case (and use relevant curriculum for structuring the analysis). The total 20 pages should be divided approximately 50/50 between the empirical research (understanding of product/service, the firm or the industry you have chosen) and 50% on the application of theory (curriculum).
    2. Write a practical business plan for a new project/venture based on the students’ own idea. The total 20 pages should be divided approximately 50/50 between the business plan (part I) and a theoretical analysis/discussion of a few central aspects of the business plan (part II based on the curriculum).

    Recommended workload in hours
    Activity
    Hours
    Participation during lectures
    32
    Preparation for lectures/reading literature
    75
    Preparation for presentations and participation in class
    27
    Project paper
    66
    Recommended total workload
    200


      Examination
      Grade in the course is based on portfolio evaluation, using electronic files. The students will develop a systematic set of assignments that will show effort, process, progress, and reflection.

      Final grade in the course will be based on the following elements:
      - Delivery of project sketch: max 5 pages, and must include name of group participants, chosen theme and case, and how you intend to carry out the analysis. Date will be published at the start of the semester. Accounts for 20% of the grade.
      - Project paper. Max 20 pages.Accounts for 80% of the grade.
      .
      The project paper can be written in groups of up to three students. Se Learning process and workload to find information of which topics to choose.

      Examination code(s)
      ELE 37011 - Portfolio evaluation that accounts for 100 % of the grade in ELE 3701 Innovation and Entrepreneurship - 7,5 credits.

      Examination support materials
      All support materials are allowed.

      Re-sit examination
      A re-sit examination is offered the next time the course is scheduled.

      Additional information
      Please note: This course has some overlapping issues with the specialisation course in Innovation Management, 15 credits. Consequently a combination of theese two courses in a Bachelors degree will not be allowed.

      Semesters

      Translations