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2013/14 Undergraduate Module Catalogue

LUBS3004 Entrepreneurship and Innovation

20 creditsClass Size: 60

Module manager: Dr Jean Clarke
Email: J.S.Clarke@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2013/14

Pre-requisite qualifications

This module is available to final year undergraduate students only.

This module is mutually exclusive with

LUBS2045Entrepreneurship in Theory and Practice
LUBS5730MEntrepreneurship and Innovation

This module is approved as an Elective

Module summary

This module aims to give students grounding in theoretical and practical elements of entrepreneurship and innovation. Alongside rigorous academic input from the lectures, real life case studies will be incorporated within the seminars and there will be opportunities for students to meet successful entrepreneurs during the external seminars and discuss the experiences and challenges of setting up their own ventures and creating innovative solutions. This will ground the students theoretical knowledge gained during the lectures in practical insights.

Objectives

On completion of this module, students should be able to:
1. Demonstrate knowledge of theories and market practices of entrepreneurship and innovation.
2. Demonstrate an understanding of how entrepreneurship works in practice.
3. Have knowledge of the various sources of funding available to new businesses from public and private sources of capital.
4. Have an in-depth understanding of the complexity surrounding new busienss models and understand how entrepreneurs commercialise and grow their ventures.
5. Understand how entrepreneur and innovation are related and how they differ.

Learning outcomes
1. To give students an insight into how entrepreneurs identify, evaluate and pursue opportunities.
2. To develop their understanding of the personality types and social attributes of successful entrepreneurs.
3. To develop their knowledge of the various different sources of funding and growth opportunities in the market.
4. To demonstrate how entrepreneurship connects to corporate entrepreneurship and innovation.
5. To show through a series of external seminars how entrepreneurship works in practice.

Skills outcomes
Synthesis, critical awareness, problem solving, presentational and team skills.


Syllabus

Part 1 Lectures and Seminars

Introduction

Firstly the first lecture will provide an introduction to the module and coursework details. This unit introduces students to scholarly and popular views of entrepreneurs and entrepreneurship. First, it questions definitions of entrepreneurship and the typical lack of clarity surrounding the term. It will also discuss the place of entrepreneurship in the economy. The accompanying seminar will discuss a relevant case study where students will be expected to actively take part in the discussion.

The Entrepreneurial Individual
This lecture will discuss the types of individuals who become entrepreneurs and what kind of personalities they have. The debate over whether entrepreneurs are born or made will be discussed in the accompanying seminar.

Creating Entrepreneurial Opportunities
This lecture will cover the principle forms and sources of entrepreneurial opportunity, the different ways that opportunities are recognised, evaluated and developed into viable business opportunities. The accompanying seminar will use a case study to show how entrepreneurs generate new ideas and create novel opportunities.

Social Aspects of Venture Creation
This lecture explores how entrepreneurship is not just an individual process and the important role that social aspects play in the success of a venture. This is not just those who financially support the venture but also those involved in the entrepreneurial team. The accompanying seminar discusses how entrepreneurs' social skills can impact on the success of a venture.

Planning for Business Success
The stages of business development, needs, barriers and the business plan. The accompanying seminar will discuss whether it is always essential for new ventures to plan and debate the idea that planning may not always be favorable.

Financing for Entrepreneurial Ventures:
This section explores avenues for new venture funding and the financial management of the business. This will involve a discussion during the accompanying seminar of the various sources of funding that entrepreneurs can access.

Expansion and Growth in Entrepreneurial Ventures
This section explores the possibilities for growth and expansion in new ventures. This includes the possible stages of business growth and what growth can mean. The accompanying seminar will discuss whether it is still possible for small businesses to achieve high growth.

Leadership:
Students will be introduced to different conceptions of leaders and leadership to better understand how leadership can significantly affect the growth and development of entrepreneurship and innovation. Reference will be made to case studies of leadership in a range of businesses that are both small and that have grown into large, international enterprises in assessing the role and impact of leadership.

Innovation and Corporate Entrepreneurship:
Entrepreneurship is seen as a successful model for developing new innovations in larger organizations. This element of the module will focus on issues arising from technology strategy, environmental scanning, and new product development in various IPs.

Module Summary Workshop:
Students will be offered the opportunity to discuss issues and questions they might have regarding the assignment. Guidelines and information about the exams will also be provided.

Part Two -
External Seminars: Entrepreneurship in Action

This unit will introduce students to an understanding of how entrepreneurship works in action. Guestspeakers from organizations associated with LUBS will be invited to speak about the process of developing a venture in various industries and the challenges that confront entrepreneurs and innovators.

Teaching methods

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information

Delivery typeNumberLength hoursStudent hours
Revision Class11.001.00
Lecture102.0020.00
Seminar81.008.00
Private study hours171.00
Total Contact hours29.00
Total hours (100hr per 10 credits)200.00

Private study

Students must attend all of the lectures, accompanying seminars and external seminars.
Students will be expected to prepare for the module by retrieving and reading the recommended reading list comprising textbooks and journal articles.

Students will be expected to prepare for, and present in seminars and work on team assignments.
Private study time will also include researching and writing the group assignment and preparing for the course exam.

The 170 hours of private study entails approximately 10 hours/week of study by each student from the beginning of the module to the assignment submission date.

Opportunities for Formative Feedback

Attendance will be expected at every session, and non-attendance without good reason followed up.

Each seminar will be intensely interactive and progress issues will be addressed during the seminars.

Students will complete a piece of group work as part of the assessment and have an unseen examination.

Methods of assessment

Due to COVID-19, teaching and assessment activities are being kept under review - see module enrolment pages for information


Coursework
Assessment typeNotes% of formal assessment
Group Project3,000 words. Resit of this module is by 3 hour written exam.20.00
Presentation.5.00
Presentation.5.00
Total percentage (Assessment Coursework)30.00

Resit by 3 hour written exam.


Exams
Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 00 mins70.00
Total percentage (Assessment Exams)70.00

Resit by 3 hour written exam.

Reading list

The reading list is available from the Library website

Last updated: 28/03/2014

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