Week 1 Assessments
By
Day 1 (Thursday), submit the Academic Integrity Declaration
By Day 1 (Thursday), submit your Personal Introduction to the Collaboration Forum
By Day 1 (Thursday), submit your Personal Introduction to the Collaboration Forum
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
Key Concept Exercise: The rationale
Week
1 introduces you to the broad areas of innovation and entrepreneurship, where
both innovation and entrepreneurship are important ‘ingredients’ for economies
and societies to develop. This Key Concept Exercise is designed to invite you
to illustrate what you consider to be the impact of innovation and
entrepreneurship.
From
both this exercise and your interaction in the Collaboration, you will gain an appreciation
of the value these concepts deliver to society and the economy.
For
this Key Concept Exercise, you will provide a brief description of an
innovation or an entrepreneurship with which you are familiar. You will
evaluate the value of this innovation and what it has contributed to customers
and businesses. You will also analyse the value of entrepreneurship to an
economy. This Key Concept Exercise is designed to allow you to demonstrate the
impact of either entrepreneurship or innovation.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 1.
Think
about different definitions of innovation and entrepreneurship from this week’s
Learning Resources.
To
complete this Key Concept Exercise:
By Day 3 (Saturday):
In
an approximately 500-word response, consider one of the following
issues/questions:
What
are the definitions of innovation and entrepreneurship?
What
is the value of this innovation and how has it contributed to customers and
businesses?
What
is the value of entrepreneurship to an economy and business practice?
By
Day 3 (Saturday) submit your Key Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience. Also use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
The
Key Concept Exercise for this week is not graded, but you will receive feedback
from your Instructor to help you improve your work. Please take advantage of
this opportunity to learn from your Instructor’s feedback – give the Assignment
your full effort and ask for clarification on any feedback you do not
understand.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 1 Key Concept Exercise -- Turnitin - FF.
Collaboration: The relationship
Think
about the relationship and value between innovation and entrepreneurship.
Innovation is the commercialisation of ideas. It is taking an invention or
recognising an opportunity and creating an outcome that will add value.
Entrepreneurial activity exists when some agents recognise the value of some
resources that other agents do not, and exploit these resources. Alvarez and
Busenitz (2001) contend that entrepreneurs have the ability to recognise
opportunities and assemble resources to exploit that opportunity.
For
the Key Concept Exercise, you were invited to explore either innovation or
entrepreneurship. However, an appreciation of both is important, not only for
this module, but also for a more holistic understanding of both concepts.
Therefore, it is expected that you will provide informed commentary on both
innovation and entrepreneurship.
This
week’s Collaboration will enable you to engage with your colleagues in further
exploration of the important ideas and issues you studied in your Key Concept
Exercise.
Reference:
Alvarez, S. & Busenitz, L. (2001) ‘The entrepreneurship of resource-based theory’, Journal of Management, 27, pp. 755-775.
Alvarez, S. & Busenitz, L. (2001) ‘The entrepreneurship of resource-based theory’, Journal of Management, 27, pp. 755-775.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 1.
Consider
the value of both innovation and entrepreneurship to economies within your
organisation or an organisation that you are familiar with.
To
complete this Collaboration:
By
Day 3 (Saturday):
Post
your Key Concept Exercise from Week 1 to the Collaboration Forum.
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Discussing
ways that innovation has helped developing economies
Providing
examples of entrepreneurship and how it has contributed to social cohesion
Exploring
how innovative companies founded by entrepreneurs have contributed to the
products and services we enjoy today
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 1 Collaboration
Forum" link.
Week 2 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
By
Day 7 (Wednesday), submit your Individual Assignment
Key Concept Exercise: The importance of innovation
This
week’s resources have highlighted not only the importance of innovation, but
also the scope and range of this concept.
This
Key Concept Exercise is designed to allow you to demonstrate your understanding
of the value and opportunity that innovation brings to organisations. Before
embarking on this Key Concept Exercise, please read this week’s journal
articles and view the video resource.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 2.
Consider
the importance of innovation.
Reflect
upon how innovation applies to products and services.
To
complete this Key Concept Exercise:
By Day 3 (Saturday):
In
an approximately 500-word response, address the following issues/questions:
Analyse
the importance of innovation for organisations.
In
formulating your Key Concept Exercise, consider the following questions:
Why
it is important for organisations to be innovative?
Why
it is necessary to acknowledge that innovation applies not only to products,
but also to services and processes?
By Day 3 (Saturday) submit your Key
Concept Exercise.
When
writing your responses you should synthesise the theory with real-world experience
and use examples of the theories in action in a real organisation about which
you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 2 Key Concept Exercise -- Turnitin.
Collaboration: The scope of innovation
This
week’s Collaboration follows from the Key Concept Exercise where you considered
the importance of innovation.
The
twin subjects of this module are innovation and entrepreneurship. Last week,
you explored the importance of both of these concepts to national economies.
For
this week’s Collaboration, you will take an internal perspective and consider
the importance of understanding the scope of innovation. In other words, why it
is important to appreciate that innovation refers to products, services and
processes? You will also reflect upon how entrepreneurs can benefit from an
understanding of the scope of the innovation concept.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 2.
Focus
on the opportunities for entrepreneurs who are able to appreciate the extent of
innovation.
To
complete this Collaboration:
By Day 3 (Saturday):
Post
your Key Concept Exercise from Week 2 to the Collaboration Forum.
Think
about the existing opportunities for entrepreneurs who appreciate the extent of
innovation.
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Noting
how a colleague’s examples demonstrate the contrast between product and
innovation services
Discussing
ways in which your experiences are similar or different within the scope of the
innovation
Asking
insightful questions about your colleagues’ interpretations of ideas from the
Learning Resources
Extending
the conversation into new but relevant areas regarding the scope of the
innovation concept
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 2 Collaboration
Forum" link.
Individual Assignment: Module project: innovation and
entrepreneurship
This
Individual Assignment will combine your knowledge of innovation and
entrepreneurship and allow you to demonstrate your understanding of these
concepts.
The
Weeks 1 and 2 readings and overviews explored the relationship between
entrepreneurship and innovation. Importantly, in Week 2 you considered that
innovation is not confined to new products; innovation also relates to services
(such as marketing and banking) and processes (such as improved production
methods or improved ways of training employees).
For
this Individual Assignment, you will develop an idea for a new product, service
or process and present a business plan to implement this idea. This idea could
be implemented by setting up a new enterprise. Alternatively, you can choose to
implement this idea as part of an internal improvement plan within a larger
entity, whereby revenues are increased or costs reduced.
In
broad terms, the Individual Assignment is designed to allow you to demonstrate
how you would commercialise the ideas that you have developed. Commercialising
an idea means that you need to think about important matters such as: Why the
idea is important? Is there a commercial or value-adding need for the idea, and
if so, what will it be? How will you resource this idea (taking into account
different types of necessary resources), and how will the idea be implemented
and monitored?
The
Module Project is divided into three submissions due in Weeks 2, 5 and 7. In
the Week 2 submission, you will provide the background to your idea, highlighting
the rationale for its implementation. By Week 5, you have a substantial piece
of work to undertake. This will form the bulk of the Module Project. In Week 5,
you will detail how this idea will be implemented. Finally, in Week 7, you will
present the financial aspect of your innovation.
To prepare for this Individual Assignment:
Review
the readings for Weeks 1 and 2, along with the Key Concept Overviews.
To
complete this Individual Assignment:
By Day 7 (Wednesday):
Discuss
the innovation that you wish to implement.
Outline
the problem or opportunity that this innovation addresses.
Consider
the commercial benefits or value-adding consequences of this innovation.
By
Day 7 (Wednesday), submit your Individual Assignment.
Be
sure to read over your Individual Assignment before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
This
Individual Assignment is graded. See the rubric for specific grading criteria.
To
submit your Individual Assignment to Turnitin, click on the
"View/Complete" link for Week 2 Individual Assignment -- Turnitin.
Week 3 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
Key Concept Exercise: Sources of innovation
Drucker
(1998) contends that successful innovations are a result of a ‘conscious,
purposeful search for innovation opportunities.’ In the same article, he
suggests that industry and market changes and demographic changes represent two
areas of opportunity.
For
this week’s Key Concept Exercise, you will critique the influence of industry,
market and demographic changes as sources of innovation. In addition, you will
provide some current examples where industry, market and demographic changes
have been the sources of innovative products and services.
Reference:
Drucker, P.F. (1998) ‘The discipline of innovation’, Harvard Business Review, 76 (6), pp. 149-157.
Drucker, P.F. (1998) ‘The discipline of innovation’, Harvard Business Review, 76 (6), pp. 149-157.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 3.
Critique
the influence of industry, market and demographic changes as sources of
innovation and explain your rationale.
Consider
some current examples where industry, market and demographic changes have been
the sources of innovative products and services.
To
complete this Key Concept Exercise:
By Day 3 (Saturday):
In
an approximately 500-word response, address the following issues/questions:
Critically
analyse the sources of innovation, both inside and outside organisations, based
on this week’s Learning Resources.
In
formulating your Key Concept Exercise, consider the following questions:
What
are the sources of innovation with which you are familiar?
What
current examples of industry, market and demographic changes have been the
sources of innovative products and services?
By Day 3 (Saturday) submit your Key
Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience and use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 3 Key Concept Exercise -- Turnitin.
Collaboration: Internal and external sources of innovation
This
week, you have looked at internal and external sources of ideas that can lead to
value-adding outcomes for firms. These sources can come from customers,
business relationships or through internal idea generation.
In
your Key Concept Exercise, you considered some of these sources.
In
this Collaboration, critique the ideas submitted by your classmates in their
Key Concept Exercises. In addition, discuss to what extent businesses should
rely on customer input to guide their ideas for innovation.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 3.
To
complete this Collaboration:
By Day 3 (Saturday):
Complete
the following:
Post
your Key Concept Exercise from Week 3 to the Collaboration Forum.
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Evaluating
sources of innovation posted by your colleagues
Discussing
to what extent businesses should rely on customer input to guide their ideas
for innovation
Asking
insightful questions about your colleagues’ interpretations of ideas from the
Learning Resources
Extending
the discussion into new but relevant areas regarding the sources of innovation
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 3 Collaboration
Forum" link.
Week 4 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
By
Day 7 (Wednesday), submit your Personal Development Portfolio
Key
Concept Exercise: Developing an innovation strategy for small firms
In
small business, particularly those founded and managed by an entrepreneur, the
founder assumes many of the roles and responsibilities that, in larger
organisations, are conducted by a number of professionals. However, as the
business grows it is important that the entrepreneur brings into it the
business people who can help him or her develop the business.
In
this week’s Key Concept Exercise, you will evaluate the necessity for a small
firm to acquire professional help as part of its strategy for innovation-led
growth.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 4.
Consider
the complexity of an innovation strategy.
To
complete this Key Concept Exercise:
By Day 3 (Saturday):
In
an approximately 500-word response, address the following issues/questions:
Critically
analyse why it is necessary for a small firm to acquire professional help as
part of its strategy for innovation-led growth.
In
formulating your Key Concept Exercise, consider the following questions:
Why
is it necessary for a small firm to acquire professional help as part of its
strategy for innovation-led growth?
How
would an entrepreneur go about acquiring such help?
By
Day 3 (Saturday) submit your Key Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience and use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 4 Key Concept Exercise -- Turnitin.
Collaboration: Developing strategy
As
a follow-up to your Key Concept Exercise, discuss with your colleagues how an
entrepreneur would develop and implement a strategy (including a human resource
strategy) for his or her firm. Is it realistic to expect an entrepreneur to
develop a strategy for his or her firm? If so, why? If not, why not?
This
week’s Collaboration will enable you to engage with your colleagues in an
exploration of the important ideas and issues related to this concept.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 4.
Think
about decision-making process in innovation strategy.
To
complete this Collaboration:
By Day 3 (Saturday):
Post
your Key Concept Exercise from Week 4 to the Collaboration Forum.
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Analysing
the decision-making that goes into an innovation strategy presented by your
colleagues
Discussing
how an entrepreneur would develop and implement a strategy of his or her firm
Asking
insightful questions about your colleagues’ interpretations of ideas from the
Learning Resources
Extending
the discussion into new but relevant areas regarding the elements that go to
make up an innovation strategy
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 4 Collaboration
Forum" link.
Personal Development Portfolio
The
rationale behind your Personal Development Portfolio (PDP) is for you to
reflect on how innovation and entrepreneurship are important in all
organisations and, in particular, how you can contribute to these two concepts
within your own organisation.
This
PDP is divided into two submissions. The first submission is due in Week 4 and
the final submission is due in Week 8.
To
prepare for this PDP Assignment:
Reflect
on the readings you have encountered in the first 3 weeks of this module.
To
complete this PDP Assignment:
By
Day 7 (Wednesday):
Outline
the need for both innovation and entrepreneurship within organisations in a
narrative of approximately 300-400 words.
Demonstrate
how the concepts of innovation and entrepreneurship are relevant to all organisations.
Highlight
the benefits of applying these within all organisations.
By
Day 7 (Wednesday) submit your PDP Assignment.
This
PDP Assignment is not graded, but you will receive feedback from your
Instructor to help you improve your work. Please take advantage of this
opportunity to learn from your Instructor’s feedback – give the Assignment your
full effort and ask for clarification on any feedback you do not understand.
The
final submission of your PDP will be in Week 8.
To
submit your Personal Development Portfolio to Turnitin, click on the
"View/Complete" link for Week 4 Personal Development Portfolio --
Turnitin - FF.
Week 5 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
By
Day 7 (Wednesday), submit your Individual Assignment
Key
Concept Exercise: The nature and importance of entrepreneurship
As
you discovered in the Key Concept Overview, Goel and Rishi (2012) contend that
when providing assistance to SMEs, governments should target those enterprises
that are engaged in value-adding activities.
In
light of your understanding of the roles that entrepreneurship plays in
economic development, you will evaluate Goel and Rishi’s (2012) contention.
For
this Key Concept Exercise, you will begin to evaluate the importance of
entrepreneurship to economies. In addition, you will examine the role of government
in developing entrepreneurship.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 5.
Study
the Goel and Rishi (2012) article.
Consider
the role of government in developing entrepreneurship.
To
complete this Key Concept Exercise:
By Day 3 (Saturday):
In
an approximately 500-word response, address the following issues/questions:
Evaluate
the contribution that entrepreneurship makes to the economic development and
growth of economies.
Critically
analyse the role of government in developing entrepreneurship.
In
formulating your Key Concept Exercise, consider the following questions:
·
What role, if any, should government
play in developing an enterprising culture within its country?
·
What is meant by ‘value-adding
activities’?
·
How can activities be distinguished
between those that are value adding and those that are not?
By
Day 3 (Saturday) submit your Key Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience and use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 5 Key Concept Exercise -- Turnitin.
Collaboration: The nature and importance of entrepreneurship
As
a follow-on from the Key Concept Exercise, consider the types of assistance
that government should offer to small firms in order to enable them to make
positive economic and societal contributions. You should consider financial
support, business support as well as any other method of small business
backing.
In
this week’s Collaboration, you will engage with your colleagues in discussion
on the role of government in developing entrepreneurship.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 5.
Reflect
on the role of government in developing entrepreneurship.
To
complete this Collaboration:
By Day 3 (Saturday):
Post
your Key Concept Exercise from Week 5 to the Collaboration Forum.
By Day 7
(Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Discussing
the importance of entrepreneurship to economies
Asking
probing questions to learn more about your colleagues’ views
Extending
the conversation into new but relevant areas regarding the role of government
in developing entrepreneurship
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
Individual Assignment: Module project: market potential
For
this week, you need to review the Cooper and Edgett (2010) and Bowonder et al.
(2010) articles provided in the Learning Resources.
Consider
these articles and evaluate what they advocate about developing an innovation
strategy.
For
this week’s part of your Individual Assignment, you are required to adapt the
Cooper and Edgett (2010) model that you will find on page 36 of the article.
To
prepare for this Individual Assignment:
Review
the Cooper and Edgett (2010) and Bowonder et al. (2010) articles.
Consider
these articles and what they advocate about developing an innovation strategy.
To
complete this Individual Assignment:
By Day 7 (Wednesday):
In
approximately 1,000 words, critically analyse the market potential for your
entrepreneurial ideas.
In
formulating your analysis, consider the following questions:
What
is the goal or objective of your innovative idea?
What
market/arena will your chosen idea be employed in?
What
size is this market/arena?
What
is the potential for growth?
What
is the strength of competition within this market?
Do
you have the capabilities to operate in this market?
What
capabilities do you need to develop?
What
types of resources do you require in order to achieve your goal or objective?
Provide
a detailed overview of the nature and scope of this resource commitment.
How
do you intend to enter this market?
Will
you choose to select a niche in this market?
Will
you partner with a larger organisation?
Will
you partner with an external organisation in order to enter the market?
What
future developments of your idea do you consider will be required in the
future?
In
what way will you need to revise your idea in 5 or 10 years’ time?
How
relevant will your idea be in 5 or 10 years’ time?
Provide
a properly formatted reference list.
*
Remember, if your innovative idea is designed to address an internal problem or
opportunity for the organisation that you are familiar with, then you can adapt
these points to suit this scenario.
Submit
your Individual Assignment by Day 7 (Wednesday).
Be
sure to read over your Individual Assignment before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
This
Individual Assignment is graded. See the rubric for specific grading criteria.
To
submit your Individual Assignment to Turnitin, click on the
"View/Complete" link for Week 5 Individual Assignment -- Turnitin.
Week 6 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
Key Concept Exercise: The scope of entrepreneurship
For
this week’s Key Concept Exercise, you are to imagine that you are the Chief
Executive Officer of a large multinational company.
You
have been inspired by some of the articles that you have read on business trips
about the need to develop an entrepreneurial spirit within the workforce. In a
recent meeting of the board of management, you have proposed that you want to
encourage your employees to adopt an enterprising approach to their engagement
within your business.
For
this Key Concept Exercise, you present an outline of how you will go about
achieving this aim.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 6.
Consider
the scope of entrepreneurship within large organisations.
Think
about the implementation of entrepreneurship within a large organisation.
To complete this Key Concept Exercise:
By
Day 3 (Saturday), in an approximately 500-word response, address the following
issues/questions:
Evaluate
the role that entrepreneurship plays within large organisations.
Analyse
how to implement entrepreneurship within a large organisation.
In
formulating your Key Concept Exercise, consider the following questions:
What
structures should be put in place?
How
these structures will be resourced?
How
will you encourage employees to buy-in to this new approach?
By
Day 3 (Saturday) submit your Key Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience and use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 6 Key Concept Exercise -- Turnitin.
Collaboration: The scope of entrepreneurship
As
a follow-on from the Key Concept Exercise, you are required to critique what
your fellow students have submitted in response to the Key Concept Exercise.
Discuss
whether you agree or disagree with what they have submitted. Remember that your
critique needs to be supported with reference to corporate entrepreneurship
theory.
This
week’s Collaboration will enable you to engage with your colleagues in an
exploration of the important ideas and issues related to this concept.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 6.
Reflect
on corporate entrepreneurship theory.
To
complete this Collaboration:
By Day 3 (Saturday):
Post
your Key Concept Exercise from Week 6 to the Collaboration Forum.
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Noting
areas of divergence or convergence of the role that entrepreneurship plays
within large organisations
Discussing
ways your experiences are similar or different
Asking
probing questions to learn more about your colleagues’ views on how
entrepreneurship can be applied in other settings
Extending
the conversation into new but relevant areas regarding the implementation of
entrepreneurship within a large organisation
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 6 Collaboration
Forum" link.
Week 7 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
By
Day 7 (Wednesday), submit your Individual Assignment
Key Concept Exercise: Funding the entrepreneurial firm
Last
week, the CEO of your organisation encouraged you to suggest methods by which
you could engage with the management of your organisation. In order to
stimulate this initiative, the CEO decided to challenge you and your fellow
employees to come up with suggestions that can address an important concern
that faces the business.
Your
business requires an investment of $200,000 in new machinery. A number of
equity providers and banks have requested funding. To date, neither of these
sources has agreed to supply the much needed financing that is required for the
new investment. The CEO considers that the only alternative is to generate this
money from internally generated sources; in other words, bootstrapping. As a
valued employee, you are tasked with submitting suggestions to the CEO on how
this funding can be generated.
In
this week’s Key Concept Exercise, you will analyse the importance of finance as
a key resource for innovative small firms, and you will evaluate bootstrapping
as a method of generating funds for these innovative small businesses.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 7.
Reflect
on the importance of finance as a key resource for innovative small firms.
To
complete this Key Concept Exercise:
By Day 3 (Saturday):
In
an approximately 500-word response, address the following issues/questions:
Analyse
the importance of finance as a key resource for innovative small firms.
Evaluate
bootstrapping as a method of generating funds for small businesses.
In
formulating your Key Concept Exercise, consider the following issues:
The
types of bootstrapping methods you could suggest
The
implications for the business of using them
The
likely outcomes of using the methods you propose
By
Day 3 (Saturday) submit your Key Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience and use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 7 Key Concept Exercise -- Turnitin.
Collaboration: Funding the entrepreneurial firm
As
a follow-on from the Key Concept Exercise, you are required to critique what
your fellow students have submitted in response to the Key Concept Exercise.
Discuss
whether you agree or disagree with what they have submitted. Remember that your
critique needs to be supported with reference to some of the financing theory
you have encountered in this week’s readings, as well as your own independent
research.
This
week’s Collaboration will enable you to engage with your colleagues in a
further exploration of the important ideas and issues you studied in your Key
Concept Exercise.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 7.
To
complete this Collaboration:
By
Day 3 (Saturday):
Post
your Key Concept Exercise from Week 7 to the Collaboration Forum.
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Noting
areas of divergence or convergence in regards to the importance of finance
Discussing
ways your experiences are similar or different regarding bootstrapping
Asking
probing questions to learn more about your colleagues’ views on bootstrapping
as a method of generating funds for small businesses
Extending
the conversation into new but relevant areas regarding the finance as a key
resource for innovative small firms
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 7 Collaboration
Forum" link.
Individual Assignment: Module project: market potential
For
the final part of your Individual Assignment, you will add the financial aspect
of your innovation to what you have already submitted in Week 5.
The
financial aspect will include a financial plan to show:
How
much and when funds are coming into the organisation
How
much cash is available to the organisation as a result of your idea’s
implementation
The
projected financial position of your organisation as a result of the idea you
implemented
To
prepare for this Individual Assignment:
Review
your previous submission and Instructor’s comments.
To
complete this Individual Assignment:
By Day 7 (Wednesday):
You
will need to prepare:
An
operating budget for the implementation of your innovation for the first 2 years,
broken down into quarterly periods
Projected
income statements for your innovation for the first 3 years of its
implementation
*Use
the operating budget and income statement proformas located in the module
resources.
When
you have completed these financial statements, add them to the remainder of
your project from Weeks 2 and 5 and submit as one document.
Note:
As stated in the introduction to this Individual Assignment, the idea can be
implemented by way of a new enterprise (i.e. setting up a business) or by
applying your idea to an existing organisation so that either revenues are
increased, or, and just as importantly, costs are reduced. Therefore, your
financial plan can also reflect the eventual cost savings of an innovation.
By
Day 7 (Wednesday) submit your Individual Assignment.
Be
sure to read over your Individual Assignment before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
This
Individual Assignment is graded. See the rubric for specific grading criteria.
To
submit your Individual Assignment to Turnitin, click on the
"View/Complete" link for Week 7 Individual Assignment -- Turnitin.
Week 8 Assessments
By
Day 3 (Saturday), submit your Key Concept Exercise to Turnitin
By
Day 3 (Saturday), post your Key Concept Exercise to the Collaboration Forum
By
Day 7 (Wednesday), respond to your colleagues’ in the Collaboration Forum
By
Day 7 (Wednesday), submit your Personal Development Portfolio
By
Day 7 (Wednesday), submit your UoL Satisfaction Survey
Key Concept Exercise: Growing the entrepreneurial firm
This
is the final week of this module. You have looked at innovation and
entrepreneurship separately, and through your Module Project have then brought
them together in the form of a business plan. For this final Key Concept
Exercise, you are required to consider the way forward for a small innovative
enterprise.
You
work as a small business advisor and in a few weeks’ time you are going to give
a presentation to a group of entrepreneurs on how they need to develop their
business.
For
this Key Concept Exercise, you will provide a brief outline of the types of
resources and capabilities that these entrepreneurs need to acquire and
develop.
To
prepare for this Key Concept Exercise:
Read
the Required Learning Resources for Week 8.
By
Day 3 (Saturday):
In
an approximately 500-word response, address the following issues/questions:
Analyse
the need for small innovative firms to develop resources for growth.
In
formulating your Key Concept Exercise, consider the following issues:
Human
resources
Financial
resources
Business
acumen
Strategic
capabilities
By Day 3 (Saturday) submit your Key Concept Exercise.
When
writing your responses you should synthesise the theory with real-world
experience and use examples of the theories in action in a real organisation
about which you have read or one in which you have worked.
Be
sure to read over your Key Concept Exercise before submitting it to your
Instructor. Make sure the spelling and grammar are correct and the language,
citing and referencing you use when providing your opinion are appropriate for
academic writing.
To
submit your Key Concept Exercise to Turnitin, click the
"View/Complete" link for Week 8 Key Concept Exercise -- Turnitin.
Collaboration: Growing the entrepreneurial firm
As
a follow-on from the Key Concept Exercise, you are required to critique what
your fellow students have submitted in response to the Key Concept Exercise.
Using
relevant literature to support your points, consider the importance of
developing and acquiring external resources and capabilities that will enable a
small entrepreneurial firm to grow.
This
week’s Collaboration will enable you to engage with your colleagues in a
further exploration of the important ideas and issues you studied in your Key
Concept Exercise.
To
prepare for this Collaboration:
Review
the Required Learning Resources and your Key Concept Exercise for Week 8.
Reflect
on the importance of resources that will enable growth.
To
complete this Collaboration:
By Day 3 (Saturday):
Post
your Key Concept Exercise into the Collaboration forum
By
Day 7 (Wednesday):
Post
3-5 replies to your classmates’ posts in the Collaboration Forum by:
Discussing
ways in which your experiences are similar or different in regards to the
importance of resources that will enable growth
Asking
probing questions to learn more about your colleagues’ views regarding the need
for small innovative firms to develop resources for growth
Extending
the conversation into new but relevant areas regarding the future of the growth
of small innovative firms
Ensure
that you spread your Collaboration posts across at least 3 separate days of
each week. This will help maximise the value of your Collaboration with
colleagues and serve to meet the learning objectives for each activity.
To
access the Collaboration Forum, click on the "Week 8 Collaboration
Forum" link.
Personal Development Portfolio: Reflecting on your personal
development portfolio
The
final part of your PDP asks what you can do to contribute to innovation and
entrepreneurship within your organisation. During the course of this module,
you have encountered quite a lot of theory and knowledge of these two concepts.
This
week, you will complete the final phase of your Professional Development
Portfolio.
Your
PDP will be a document you will regularly revisit throughout your programme; be
sure to keep it in an accessible place so you can update it with new goals,
reflections on your learning, and plans for further study, development and
research.
To
prepare for this PDP Assignment:
Review
your first submission with your Instructor’s feedback.
To
complete this PDP Assignment:
By Day 7 (Wednesday):
Write
an open letter (of approximately 300-400 words) to a leader or manager of your
organisation making suggestions on how your organisation can become more
entrepreneurial and innovative. Use your knowledge and understanding of the
concepts you have read during the course of this module in your letter.
By
Day 7 (Wednesday) submit your final Personal Development Portfolio.
This
PDP Assignment is graded. See the rubric for specific grading criteria.
To
submit your Personal Development Portfolio to Turnitin, click on the
"View/Complete" link for Week 8 Personal Development Portfolio --
Turnitin.
No comments:
Post a Comment