Innovation, Change & Entrepreneurial Action (ILV)

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Specialization AreaIntercultural Management
Course numberB4.06365.50.1541
Course codeINNOENTACT
Curriculum2024
Semester of degree program Semester 5
Mode of delivery Presence- and Telecourse
Units per week3,0
ECTS credits5,0
Language of instruction English

  • Upon successful completion of the course, students
  • grasp both practical and theoretical aspects of entrepreneurism trends and design thinking.
  • describe, compare, and examine business model frameworks, including sustainable business models.
  • critically discuss content from textbooks, academic articles, and practical case studies.
  • enhance problem-solving and critical thinking via case analysis and assignments.
  • analyze various real-world examples of entrepreneurial actions.
  • evaluate different business models using diverse data and information sources.
  • showcase creativity in the design-thinking component.
  • present and reflect on business models and entrepreneurial actions.
  • craft and present a comprehensive business plan.
  • improve verbal and non-verbal presentation skills, such as business pitches.
  • understand cultural nuances in international entrepreneurism.
  • collaborate and manage conflicts within teams.
  • reflect on personal values and working style through assignments.
  • critically examine personal views on business ethics and social & sustainable entrepreneurship.
  • adapt to different learning approaches and self-assess entrepreneurial competences.

Entrepreneurship

  • Entrepreneurial thinking
  • Trends in entrepreneurship
  • Role of entrepreneurism in driving innovation
  • Dynamics of establishing and expanding entrepreneurial ventures
  • Business model innovation
  • International entrepreneurial financing methods
  • Creation and presentation of business ideas and plans
Change and Innovation
  • The importance of adaptability and innovation in entrepreneurship
Creative and Design Thinking
  • Emphasis on creativity and ideation
  • Understaning and comprehension of Design Thinking processes
  • Cultivating an entrepreneurial mindset and wellbeing
Special Emphasis
  • Digitalization: reflect on how digitalization impacts entrepreneurial actions
  • Internationalization: examine global entrepreneurial trends, especially in international financing
  • Sustainability: consider sustainability aspects related to entrepreneurism

Finette, P./Arcuni, P. (2016): The Daily Heretic: Daily Therapeutics for Entrepreneurs (2016). CreateSpace Independent Publishing Platform. Saratoga, CA: Powerup Publishing.

Honorè, W./Collins, W. (eds.) (2013): The Slow Fix. Lasting Solutions in a Fast-Moving World. William Collins Eds.

Martinez, A. G. (2016): Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley. Harper Collins Eds.

Osterwalder, A./Pigneur, Y. (2010): Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. New Jersey, USA: Wiley Publishing.

Ries, E. (2011): The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. New York, NY: Crown Publishing Group.

Srasvathy S. (2008). Effectuation: Elements of Entrepreneurial Expertise. UK: Edward Elgar Publishing.

Group work, lectures, discussions, case studies, written reports, business pitch, and reflection

Integrative module examination

Continuous assessment type: class preparation and participation, self-Reflection assignments, group work assignments (including business case pitches)