Innovation and Entrepreneurship: A field of knowledge and practice

Course	V-703-INEN
Semester	20243
ETCS	7,5
Core	No

Year	1. year
Semester	Fall 2024
Level of course	N/A
Type of course	Elective
Prerequisites	No prerequisites.
Schedule	No schedule found.
Lecturer	Hallur Þór Sigurðarson Susanne Durst
Content
The course has two main modules. One module emphasizes innovation and the other entrepreneurship. Both modules are developed on the backdrop of essential research in these fields knowledge. The module on innovation focuses on the fundamentals of managing innovation at individual, team and firm level. Students will acquire knowledge about central concepts of innovation and develop skills and competences to be able to manage skilfully innovation in terms of organisational structures, competences, and processes. It focuses on the organisational activities of innovation, including how to organise them effectively and how to overcome the challenges of collaboration, knowledge sharing, and complex problem solving. The module on entrepreneurship focuses on central concepts and processes of entrepreneurship. Students will gain knowledge-based insights into the ‘why’, ‘when’, ‘who’ and ‘how’ of entrepreneurship and adopt entrepreneurial skills and competencies. This includes viewing entrepreneurship in the context of economy, society and the individual.
Learning outcome - Objectives
Knowledge: Collection of facts, concepts, theories and techniques acquired by students. The student should: - Understand essential concepts, tools and techniques for managing innovation processes. - Understand essential concepts and processes of entrepreneurship at the level of economy, society and the individual. - Be able to account for contextual sensitivity at different levels of innovation management. - Be able to account for the drivers and catalysers of entrepreneurship. Skills: The ability to apply knowledge to different tasks of innovation and entrepreneurship. The student should: - Be able to critically asses the importance of innovation at the level of the organisation. - Be able to critically asses the relevance and impact of entrepreneurship at an economic, social and individual level. - Be able to identify contextual aspects of innovation management and at the same time how it differs from other organisational tasks and objectives. - Be able to identify difference between entrepreneurship and other managerial and economic processes. Competences: The ability to apply knowledge and skills in innovation and entrepreneurship. The student should: - Be able to systematically evaluate organizational challenges for innovation. - Be able to organize and lead an innovation process, including leading innovation (or R&D) teams. - Be able to systematically evaluate entrepreneurial challenges and opportunities. - Be able to organize and navigate in an entrepreneurial process.
Course assessment
Reading material
No reading material found.
Teaching and learning activities
Language of instruction	English