Module Description
This essential 10 credit compulsory module enables students to acquire information, knowledge and a critical understanding of economic, sociological, psychological and managerial theories of enterprise creation and development and how they apply in practice in the world of business and other organisations. The focus is on the formation of new businesses, innovative growth, and their impact on economic and social development in different environments.
Aims
This module provides the necessary theoretical and policy framework for the study of entrepreneurship, defined as new venture creation and innovative growth relating to different types of organisations and environments. The module will provide the critical, theoretical underpinning for the study and investigation of enterprise development and the three critical components of entrepreneurship:
• Entrepreneurial People;
• Entrepreneurial Organisations; and
• Entrepreneurial Environments
It will also provide insights into and models for the practice of entrepreneurship and innovation, and public policy that sustains different organisational and economic environments.
Learning Outcomes
On successful completion of this module, students should be able to:
• demonstrate a critical understanding of different theoretical approaches to new venture creation, growth and maturity in different spatial contexts;
• explain conceptual issues on entrepreneurship and its links with innovation clearly and concisely and how these concepts help us better understand economic and social development;
• evaluate and explain the relationship between different types of new ventures, as in new small firms, corporate entrepreneurship, new ventures within public and not-for-profit organisations in different countries, and develop relevant business models for their growth ;
• develop realistic ideas for engaging with new business creation and growth in different environments;
• identify, develop and manage new business creation and innovation in existing organisations.