REI-1501 Entrepreneurship and Innovation - 10 stp

Students are be provided with theoretical basics on innovation, entrepreneurship, and small businesses.

Introduction to entrepreneurship

• Contributions of entrepreneurial firms
• Entrepreneurship - conceptual approaches
• The logic of effectuation
• Social entrepreneurship
• Some aspects of cross border entrepreneurship in the Barents Region

Introduction to innovation

• Reasons to innovate
• Disruptive Innovation, Reverse Innovation
• Value-driven (service) innovation
• Implementation of innovation

Innovation process

• Exploration and Exploitation of opportunities
• Types of Innovation
• Basics on Business Model Design

Applicants from Nordic countries: 1 June for the autumn semester

Exchange students and Fulbright students: 15 April for the autumn semester.

Admission requirements:

Nordic applicants: Generell studiekompetanse. Admission procedures for foreign applicants, please read: https://en.uit.no/education/art?p_document_id=351800

Admission code: 9199

When completing the course the student will be able to:

Knowledge

• Explain central approaches and theories of innovation and entrepreneurship
• Classify innovative methods in economic competition
• Discuss cases of social entrepreneurship
• Explain cross-border cooperation in the Barents Region

Skills

• Use theoretical concepts to understand and analyse processes of innovation and entrepreneurship in practice
• Discuss and assess individually chosen cases from industry
• Write a consistent term paper

General competence

• Analyse and assess contemporary innovation and economic development by using concepts from theory

Lectures alternating with seminars including group work. Students are expected to apply topics from theory to real-life cases taken from personal experience and/or public sources of information. Over the period of the course, students will subsecuently work woth a respective term paper.

Class attendance is obligatory (at least 75%)

Upon completion, the course will be anonymously evaluated by students

The following coursework requirements must be completed and approved in order to take the final exam: Short individual and group presentations in class. two drafts of a workpaper on a self-selected case. Class attendance is mandatory (at least 75%)

The exam will consist of an final term paper (4000-4500 words) to be delivered at the end of the course.

Grades: A-F grade scale. Grades are A-E for passed and F for failed.

Retake is offered in the beginning of the following semester in cases of grade F and Fail.