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Unit information: Innovation, Entrepreneurship and Enterprise in 2021/22

Unit name Innovation, Entrepreneurship and Enterprise
Unit code INOVM0015
Credit points 20
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Mr. Sam Crawley
Open unit status Not open
Pre-requisites

CENG20022 / MENG20008 Principles of Professional Practice, or MENG20006(7) Engineering Practice, or equivalent.

Co-requisites

None

School/department Centre for Innovation
Faculty Faculty of Arts

Description including Unit Aims

The Innovation, Entrepreneurship, and Enterprise (IEE) unit provides an unparalleled opportunity for you to prepare yourselves for the world beyond the University of Bristol.

You will find that this unit requires and rewards different approaches to study than other units you may have undertaken so far. In business, there is a difference between a technically-right answer and a commercially-viable answer; this unit will help you understand that difference.

The world of work is changing rapidly; new technologies are creating not only new companies but new ways of working. Small companies are disrupting established businesses and permanent jobs in many sectors are being discarded in favour of flexible contractors and freelancers. Even established old companies are furiously trying to innovate new offerings to keep up and avoid being disrupted out of business.

To succeed in this emerging economy, you’ll need to not only embrace technology but be enterprising and entrepreneurial in your behaviour to spot and seize opportunities for yourself and for the companies you’ll work for. Entrepreneurial thinking is not just the preserve of Silicon Valley, it’s a way of searching for and executing on business ideas that is relevant to anyone trying to create value for themselves and others.

The aim of this unit is to develop your understanding, abilities and skills in all aspects that are essential to set up or be part of a successful entrepreneurial venture.

You will work in a team, with mentor advice, to develop a business plan and give a presentation to potential investors. You will need to generate a business idea that is sustainable in both senses of the word; firstly, it is economically viable for the ongoing future and, secondly, the impact of the business to the planet’s resources has been thought through and mitigated. The plan will make a case for a commercial or social venture at the start-up stage. It will give you a holistic view of being an entrepreneur and its context whilst at the same time developing teamwork and leadership skills.

We’re also interested in how your idea developed; and one part of the assessment specifically asks you to document the process through which your team and idea developed.

The broadest view of entrepreneurship is taken in the unit - the entrepreneurial venture could take one of several forms, for example:

•A commercial start-up company which is solely economic growth/profit oriented

•An initiative concerned with social entrepreneurship or a not-for-profit enterprise which combines economic sustainability with some form of social impact

Lectures and workshops will cover examples and latest thinking in several generic areas related to entrepreneurship. However, groups will be expected to identify and engage with a wider range of material, both of an academic and business nature, as required by their particular venture

Intended Learning Outcomes

Students successfully completing the unit will be able to:

1. Analyse a market need and propose a viable entrepreneurial venture for an identified audience.

2.Develop and justify an appropriate and substantial business plan.

3.Effectively construct and communication plan to a professional audience

4.Reflect critically on the process of working within a team to develop an entrepreneurial venture.

Teaching Information

Teaching will be delivered through a combination of , including lectures, group meetings and workshops supported by collaborative and self-directed learning

Assessment Information

Team business plan 70%. ILOs 1-3

Individual process reflection 30%. ILO 4

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. INOVM0015).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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