Entrepreneurship, Innovation and Management MSc

 
  

Fact file

Qualification
MSc Entrepreneurship, Innovation and Management
Duration
1 year full-time
Entry requirements
2.1 (or international equivalent) in any discipline
Other requirements
Personal statement and a list of modules being studied in the final year (for applicants who have not yet completed their undergraduate degree).
IELTS
6.5 (no less than 6.0 in any element)

If these grades are not met, English preparatory courses are available
Start date
September
Campus
Jubilee Campus
School/department
Tuition fees
You can find fee information on our fees table.
 

Overview

If you are interested in working entrepreneurially, whether that is in a large multinational, your own business, or as a business consultant or analyst, this course is designed for you.
Read full overview

You will take our cutting-edge Ingenuity module where you will consider how to solve problems by thinking differently, as well as taking modules in leading entrepreneurial growth, launching new ventures and entrepreneurial creativity.

Your new knowledge is then deployed through a 'live' consultancy project with a fast-growing, local business where you will develop a report to show how the business can exploit new market opportunities – which is one of the things our students most like about the course.

Our approach is not to tell people how to become entrepreneurs, but to really engage them in practice so they develop their own entrepreneurial capabilities. You will cover core subjects in creativity, launching new ventures, and entrepreneurship in context, along with leading entrepreneurial growth and the unique Ingenuity project. You will also have a wide variety of options to tailor the course to your career aspirations.

Cross-disciplinary entrepreneurship courses are also available:

Academic English preparation and support

Accredited by the British Council for the teaching of English in the UK, the University's Centre for English Language Education provides high-quality preparation and support. Our presessional courses take your English language and academic skills to the level you need to progress to postgraduate study without taking IELTS again.

Specialist five and 10-week business and management courses are available and you could be eligible for a joint offer, which means you will only need to apply for your visa once. Students who enter via the CELE route are exempt from paying the school's £1,000 reservation fee. For more details, please contact us.

Key facts

  • This course is delivered by The Haydn Green Institute for Innovation and Entrepreneurship, a centre of entrepreneurial skills development, innovation and work with small and medium enterprises
  • Part of an elite group of EQUIS and AMBA accredited business schools
  • 6th in the UK for research power in the latest Research Excellence Framework, with teaching informed by the latest developments
 

Course details

Across the autumn and spring semesters, you will take 120 credits of taught modules including a 30-credit entrepreneurship consultancy project. Each module typically consists of 10 two or three hour sessions.

You will complete a 60-credit 14,000-word dissertation or business plan over the summer, and will be allocated an appropriate dissertation supervisor who will oversee your progress.

Assessment

You will be assessed through a combination of individual essays or group projects and written exams.

 
 

Modules

Core

Entrepreneurial Finance and Accounting

Successful entrepreneurship is dependent on the successful management of money. This involves two fundamental activities. This first is the ability to attract finance to fund entrepreneurship activities and growth, and the second is the ability to manage that finance properly. It is rarely the case that entrepreneurs will have sufficient personal funds to develop a business without resorting to external providers of finance.

This module will therefore examine how entrepreneurs might finance their venture, how they should interact with investors, and the issues involved in doing so. As a precursor to this however, financiers will want evidence that an entrepreneur can effectively and successfully manage the money they might receive from an investor. Accordingly, the first part of the module examines internal accounting procedures to demonstrate accountability to external stakeholders.

 
Entrepreneurship and Creativity

The module focuses upon developing understanding of how social theory has contributed to understanding entrepreneurship. Entrepreneurship is analysed from multiple disciplines (eg psychology, sociology, and economics) to help you establish the connections between individual and group creativity, organisational emergence and institutional conditions that support entrepreneurial value creation.

The module culminates in a process when you identify, evaluate and pitch a novel entrepreneurial opportunity. Through case studies, prototyping exercises, directed reading and discussions, the module will enable you to develop your creative problem solving abilities. These are vital for the development, evaluation and application of ideas and concepts with commercial potential.

 
Entrepreneurship Project

The project is a problem based learning experience where the students work in self selected teams upon a company based challenge. The students are introduced to a company representative and then together they develop a problem statement that will be feasible for the students to address during the semester and also will deliver a tangible benefit to the company. Students are then responsible for managing subsequent meetings with the company, gathering primary and secondary data and keeping the company up to date with progress.

Mentoring is provided to help with project management and the projects will require the application of theoretical constructs from the core modules from semester one to company challenges within an entrepreneurship context. The outcome of the project work should demonstrate an understanding of applying entrepreneurship theories in a practical context and also provide tangible and actionable recommendations to the company.

 
Marketing for Entrepreneurial Firms

This module provides an introduction to the fundamental concepts of marketing and how they are currently applied in the marketplace. The main emphasis of the module centres around the perceived need by managers for a strategic approach to marketing decision-making and for coherent planning to ensure the formulation of successful marketing programmes within an organisation.

This module will explore: the role and nature of marketing; the core elements of marketing as an approach to business; the processes which influence the development of a marketing strategy; the role of segmentation; targeting and positioning; the factors which determine the composition of the marketing mix; the role of elements of the marketing mix in creating an effective marketing campaign.

 

Optional

Innovation and Policy

Many governments around the world have explicit policies to promote and channel innovative activity. The purpose of this module is to introduce students to (a) the various rationales for such policies; and (b) to give some examples of how these policies are designed in practice.

Part (a) will include the 'market failure' test of mainstream economics and the 'system failure' test of evolutionary economics, and others. Part (b) will include specific examples of how governments strengthen the 'National Innovation System'.

 
Venture Capital and Private Equity

The module covers venture capital and private equity provide risk capital to firms at various stages of their life-cycle. This involves selecting investments, structuring deals, valuation of investment opportunities, leveraged buyouts (LBOs), managing portfolio firms, and exit.

 

Entrepreneurship pathway

E-Business

The e-Business module is aimed at future managers and business people who want to know how information and communications technologies (ICTs) can help them to be successful in their careers by understanding how companies use these technologies.

 
Innovation Management

The module covers the following: 

  • Introduction - What is Innovation Management?
  • Building an Innovation Organisation
  • Innovation and Family Firms
  • External Guest Speaker
  • Sources of Innovation and Networks
  • Innovation Strategy and Blue Ocean Strategy
  • Selecting the Right Idea
  • Implementing Ideas
  • Capturing Learning
  • Group Presentations - Appraisal of Innovation
  • Management of an Innovative Firm - consider the challenges of managing innovative products, services, processes and business models that are to be delivered across different international contexts
 
Launching New Ventures

This module will introduce you to the more practical elements of innovation and enterprise activity across multiple contexts, including not just new venture creation but corporate and social entrepreneurship as well.

Whereas Entrepreneurship and Creativity focuses on idea generation and entrepreneurial theory, Launching New Ventures will prepare you to recognise opportunities, and to implement innovation and enterprising ideas. The ability to make informed and timely decisions will be an important aspect of this, and the module will use a start-up business simulation to encourage this.

 
Technology Entrepreneurship

The aim of this module is to offer you an appreciation of the entrepreneurial actions involved in the commercial exploitation of new science and technology inventions. This type of activity is increasingly recognized as vital for the commercialisation of technology from universities and research institutes into knowledge-driven organisations. Political and sociological debates about the significance of technology transfer from universities will also be considered. The importance of intellectual property and patenting as a key asset in technology entrepreneurship will feature strongly in the module.

You will gain practical experience by researching and devising entrepreneurial strategies for commercializing novel science and technology ideas. This will require working with real patents and patent searching to critically examine contextual (eg between industrial sectors and countries) and strategic differences (eg licensing deals, collaborations and new venture creation). Technology entrepreneurs, Science Incubator managers and related professional services (eg IP lawyers, investors) will assist with the module at appropriate points.

 

Sustainability pathway

Managing for Sustainability

Sustainable companies are those that are managed in socially, economically, and ecologically responsible ways. Today's managers are expected to understand the impact of management decisions and practices on the environment and society.

This module considers how sustainability principles are applied in organisations, and how to manage for sustainability. Through use of multiple learning approaches, the module enables you to practically interact with real businesses to address some sustainability challenges faced by the organisation.

The module introduces the you to frameworks and theories use to critically assess sustainability, and to integrate sustainability into the business strategy.

The module enables you to develop an understanding of the practical dilemmas facing businesses as they seek to respond to multiple, and often, conflicting stakeholders expectations. You will be expected to critically reflect upon your practical experiences and capture these using a learning journal.

 

International Business pathway

Globalisation, Business and Development

Private sectors actors are increasingly engaging in development, and are now considered development partners of governments, non-governmental organisations (NGOs) and overseas development agents. This module introduces you to the global context of doing business, and the impact of business activities on development. It critically considers the changing roles of business, governments, international government agencies and NGOs, and how these actors interact to foster development.

The module adopts different disciplinary perspectives drawing from international development, political economy and comparative business systems perspectives to understand the process of globalisation and the influence of business on development concerns (eg corruption, land and water, poverty). The module critically examines the business responses oriented towards development (eg multi-stakeholder initiatives, inclusive business models, fair trade).

 
Managing International Business in China

This module analyses the basic issues of managing international business in contemporary China, including entry mode selection, alliance management, negotiation with Chinese partners, cross-cultural human resource management, cross-cultural marketing, protection of intellectual property rights, corporate finance, and strategic management.

These issues are discussed in the light of the relevant theoretical frameworks and models of international business and management, with reference to current business and management practices of multinational companies operating in China. The context of China's general business environment and specific international business regimes are also examined.

 

 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.

 
 

Funding

Funding information is available on the school website and can also be found on the Graduate School website.

International and EU students

The University of Nottingham offers a range of masters scholarships for international and EU students from a wide variety of countries and areas of study.

Applicants must receive an offer of study before applying for our scholarships. Please note the closing dates of any scholarships you are interested in and make sure you submit your masters course application in good time so that you have the opportunity to apply for them.

The International Office also provides information and advice for international and EU students on financing your degree, living costs, external sources of funding and working during your studies.

Find out more on our scholarships, fees and finance webpages for international applicants.

 
 

Careers

Career destinations for our postgraduates include accountants, finance and investment analysts, higher education teaching professionals, investment bankers, IT business analysts, management consultants, marketing professionals, public relations professionals and university researchers.

Postgraduate careers team

Taught students benefit from the support of our postgraduate careers team who will help you to explore your career options and develop your career management skills. Our weekly MSc Advanced Career Leaders Programme is complemented by individual careers consultations, networking events and access to a wide range of employer presentations, volunteering activities and work experience opportunities.

Through a combination of your academic studies and the careers support on offer, you will be in an excellent position to enhance your career prospects and move onto the next stage of your career.

Employability and average starting salary

82.1% of postgraduates from Nottingham University Business School who were available for employment secured work or further study within six months of graduation. £28,500 was the average starting salary, with the highest being £50,000.*

* Known destinations of full-time home postgraduates 2015/16. Salaries are calculated based on the median of those in full-time paid employment within the UK.

Career and professional development

Whether you are looking to enhance your career prospects or develop your knowledge, a postgraduate degree from the University of Nottingham can help take you where you want to be.

Our award-winning Careers and Employability Service offers specialist support and guidance while you study and for life after you graduate. They will help you explore and plan your next career move, through regular events, employer-led skills sessions, placement opportunities and one-to-one discussions.

 
 
 
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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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