|Full time||1 year||September 2017|
Managing innovation and making the most of new technologies is vital for any business to grow whether it is a start-up or however established the company or organisation is. With the Innovation Management & Entrepreneurship MSc from Kingston Business School you can realise that ambition.
The Innovation Management & Entrepreneurship MSc aims to equip you with practical knowledge on key issues surrounding innovation management and entrepreneurship.
Our strong track record of excellence in entrepreneurship has been recognised by the Higher Education Statistics Agency and for the sixth year running, Kingston University is ranked one of the top two universities in the UK for graduate start-ups.
The course includes a University-sponsored study tour to an innovation hotspot, which could be Silicon Valley, Cambridge or another place, where you will have a unique opportunity to get hands-on experience meeting with outstanding entrepreneurs, high-growth start-ups, the innovative tech giants and investors. You also have the possibility to participate in a week-long study visit to a foreign business school where you can meet students studying a similar programme and undertake visits to local companies.
The course focuses on the analysis and practical application of the key issues surrounding innovation management and entrepreneurship from the perspective of firms, including lean start-up techniques, innovation management, effective entrepreneurship (soft skills), entrepreneurial finance, managing a growing business, strategy for high-growth businesses, entrepreneurial marketing and internationalisation.
Individual and group coursework, time-constrained coursework and consultancy report.
Please note that this is an indicative list of modules and is not intended as a definitive list. Those listed here may also be a mixture of core and optional modules.
Organisations with a strong, consistent and successful focus on managing innovation outperform their competitors in terms of growth and financial performance. Innovation management requires special knowledge and skills, which are different to standard strategic management theories and practices. Innovative companies often need to raise capital from external sources because they do not have sufficient internal resources or cannot access loans. They typically look for venture capital or business angels to provide them with the financing they need to expand, break into new markets, and grow faster. Innovative companies famous for receiving venture capital or business angel funding early in their development include Apple, Microsoft, Google and Amazon. Recently, the explosion of crowdfunding platforms has signalled a new era for the innovation finance industry.
This module introduces you to the main concepts and management tools for innovation activities and analyses all stages of the entrepreneurial funding ladder for innovative companies. It examines the main forms of entrepreneurial finance and the investment process; how private equity and venture capital funds, business angels and crowdfunding platforms work; how firms become investment ready, raise external finance and how to they finally exit. You also learn about wider framework conditions that have a bearing on business innovation, including availability of entrepreneurial finance, public policies and agencies promoting innovation.
The aim of this module is to:
'The module introduces the concepts of entrepreneurship and business growth and provides an opportunity to begin exploring its practice. Entrepreneurship is defined as a set of behaviors and also as process through which opportunities are discovered, evaluated and exploited. Once a new venture is created however, a major challenge faced by many entrepreneurs is how to grow their new businesses using different growth strategies, in order to ensure the survival and long-term sustainability of the new enterprises. The importance of entrepreneurship and business growth is underlined in national and international policy initiatives in both advanced and developing countries.
Through this module you will explore and develop your own entrepreneurial capabilities including creative problem solving, idea exploration and testing, building business models, and developing growth strategies.
Entrepreneurship and growth are relevant to all types of organisations and environment – public sector, not-for-profit and for-profit, small and large businesses - so the module is relevant to students from different backgrounds and motivation.
The aim of this module is to give students:
This module aims to give you the knowledge and understanding of creative and business behaviours necessary for developing a product/service and establishing an innovative multidisciplinary business enterprise. You will work in teams to set up a business. Business mentors will be available to coach the teams.
The aim of this module is to:
This module will develop your strategic thinking ability in relation to the issues surrounding managing international business. It will enable you to understand the underlying forces of globalisation and interpret the effects of these forces. You will:
This module aims to equip you with the knowledge, understanding, skills and practical experience to conduct a consultancy project to solve a real business problem and make recommendations for the business client concerned. There are two aspects of skills and knowledge involved: business consultancy skills and knowledge, and research methods. You will be working in groups on the consultancy project and will be supported by a series of lectures, seminars and workshops, and a project group advisor. At the end of the consultancy project, you will have to produce a group professional business presentation, presenting your findings and recommendations and an individual written professional consultancy report.
This module also aims to enable you to critically reflect and evaluate your learning, performance, development and experience in the consultancy project and the implications of these for their employability. You will be equipped with appropriate frameworks in classes to do so and will have to produce an individual personal development log on this.
The aim of this module is to:
This module enables students to work on their own business idea. The module delivers a systematic understanding of the integrated component parts that constitute a start-up enterprise and a business plan. The MSc in Innovation Management & Entrepreneurship provides students an understanding of strategic issues using appropriate frameworks to critically evaluate how entrepreneurs undertake the development of functional processes and to make informed strategic decisions. The module is organised around the development of a business plan that can be used to secure funding for a start-up venture.
This module aims to equip students with the knowledge, understanding, skills and practical experience to develop and design a new start-up venture. There are two aspects of skills and knowledge involved - entrepreneurship skills and knowledge, and research methods. Students will be equipped with appropriate frameworks in classes to validate their proposed business idea using iterative lean start-up methodology principles. Initial workshops will typically cover topics such as idea generation, market identification and segmentation, the business planning process, research techniques, marketing and financial planning.
The aims of the module are to:
You will have the opportunity to study a foreign language, free of charge, during your time at the University as part of the Kingston Language Scheme. Options currently include: Arabic, French, German, Italian, Japanese, Mandarin, Portuguese, Russian and Spanish.
Kingston Business School joins an elite group of the top 5 per cent of institutions worldwide awarded the prestigious AACSB accreditation.