Innovation Management and Entrepreneurship (IND650)

The course is based on both a theoretical approach to technological innovation and entrepreneurship, and on the practical application of this knowledge through case studies. The innovation part is organized around the areas of enabling identification and evaluation of innovation opportunities. The part on entrepreneurship is focused around the skills and knowledge necessary to set up a growth company.


Course description for study year 2024-2025

Facts

Course code

IND650

Version

1

Credits (ECTS)

10

Semester tution start

Autumn

Number of semesters

1

Exam semester

Autumn

Language of instruction

English

Offered by
Time table

View course schedule

Content

NB! This is an elective course and may be cancelled if fewer than 10 students are enrolled by August 20th for the autumn semester.

The course deals with innovation, innovation management and entrepreneurship, especially in relation to technology-based companies with high growth potential. Some very strong technology trends are changing industries, replacing products and services and how thing are done. This will be a major window of opportunity for innovation. The first aim of the course is to be able to recognize these opportunities. Another aim is on evaulation of innovations; to enable separating good opportunities from less good ones. The final aim is to gain the most impotant knowledge in the areas of entrepreneurship to improve the probability of succeding with a venture.

The course covers the main topics for developing and managing innovations and establishing a start-up. It covers methods for identifying and evaluating innovation opportunities and how these can be pursued through establishing a business.

The form of work is centered around group work and the preparation of reports that form the basis for grading.

Learning outcome

The course shall give the student an understanding of the theoretical foundation and the practical application in the areas of innovation, innovation management and entrepreneurship. After having taken this course the student should have the following knowledge, skills and general competence:

Knowledge

  • Understand the foundations and implications of the dynamics of innovation
  • Knowledge of the process of formulating and implementing innovation strategies
  • Understanding the role of and process of gaining intellectual property rights
  • Knowledge of the formation and development of a business venture

Skills

  • Be able to identify and interpret technological trends
  • Be able to identify potential sources and areas of innovation
  • Be able to Identify opportunities, risks and competitive advantages in a business formation
  • Be able to set up a business plan, including the technological, organizational, financial and marketing aspects

General competence

  • Be able to interpret the competitive environment and identify trends
  • Have combinatory skills across disciplines

Required prerequisite knowledge

None

Exam

Form of assessment Weight Duration Marks Aid
Folder 1/1 1 Semesters Letter grades All

Folder evaluation is an examination form where several pieces of work is delivered during the semester, where the evaluation of these are done on the combined work and one joint grade is given. The folder consist of 3 reports that are done individually or in groups of 2-3 people. These reports are handed in over the semester and graded jointly. No grade is given until all part of the project are handed in, and it is the totality that is graded. Weight: Part 1=25%, Part 2=25%, Part 3=50%. Groups: 1-3 personsThere are no follow up exam for the folder and no retake opportunity. Students that want to improve their grade can do this next time the course is given

Coursework requirements

Feedback on the project work of some of the other groups

Mandatory presentations by the group members of the project.

Course teacher(s)

Course coordinator:

Knut Erik Bang

Head of Department:

Tore Markeset

Method of work

Lectures wil be provided partly online and partly in the classroom. Most of curriculum lectures will be on the university's learning platform as videos.

Guest lectures with practical examples.

A project in several parts that will be done as group work. This form the basis for grading.

Lecture language is English.

Overlapping courses

Course Reduction (SP)
Technological Innovation and Entrepreneurship (OFF630_1) 10

Open for

Master students at the Faculty of Science and Technology and UiS Business School.

Course assessment

There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.

Literature

The syllabus can be found in Leganto