BED-3048 Corporate Entrepreneurship - 10 ECTS
Applicants from Nordic countries: June 1st for the autumn semester and December 1st for the spring semester. Exchange students: October 1st for the spring semester and April 15th for the autumn semester.
Exchange students are students from academic institutions with which UiT The Arctic University of Norway have formal exchange agreements.
Students have to hold a bachelor degree (180 ECTS) in one of the following disciplines: Business, Management, Marketing, Computer Science, Information Technology, Engineering, Electrical engineeing, Physics, Health, Energy, Fisheries or Biotechnology.
· The Norwegian grading system is an A-F scale in which A is the highest score and F is fail. An average grade C from a bachelor degree issued in Norway is the minimum requirement for admission to the master's level for students with Norwegian study background.
· Applicants who hold a bachelor's degree or equivalent issued in Europe, Canada, USA, Australia and New Zealand must have an average grade C as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.
· Applicants who hold a bachelor's degree or equivalent issued in countries other than the above mentioned region/countries must have an average grade B as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.
Application code 9371
Companies today face a challenging and fast-changing environment. International competitive pressures have increased significantly during the past decade and have been exacerbated by the global economic slowdown. Simultaneously, rapid technological advancements continue to disrupt many industries. To survive and maintain competitive advantage, companies must be able to adapt swiftly to the changed environment. Or in the wise and quite blunt words of Peter F. Drucker: "[U]nless an organization sees that its task is to lead change, that organization ? whether a business, a university, or a hospital will not survive."
So although the need for innovation is central to developed firms success, the implementation of innovative activities within a corporate setting (labeled either "corporate entrepreneurship" or "intrapreneurship") is more challenging for a number of reasons. Mature organizations tend to adopt policies and procedures that bring order and consistency to operations. They also rely upon systems that reward safe, conservative behavior with short term benefits and structures that over-supervise employees. In addition, entrepreneurial initiatives do not fit well within strategic planning systems.
Recognizing that our students may end up in a corporate setting following graduation, the new course offering Corporate Entrepreneurship will make them cognizant of the special challenges of entrepreneurship in the corporate environment. In addition, it will familiarize them with the internal ventures and "external" collaborative approaches central to corporate entrepreneurial activity.
Students who have successfully completed the course should have achieved the following learning outcomes:
Knowledge and comprehension:
- Knowledge of the design-thinking methodology, and how it can be applied in a corporate environment to develop innovative solutions
- Comprehension of cutting edge innovation topics such as crowdsourcing and human-centered design
- Understanding of how corporate culture is developed and how it can be gradually and purposefully changed towards a more entrepreneurial mind set
- Students should gain the necessary skills to inject any corporate environment with creative, innovative, and entrepreneurial solutions
- Students should be able to serve as successful, creative change agents in business organizations of all types