Syllabus

LEARNING OUTCOMES

Credits: 6

Schedule: 29.10.2020 - 03.12.2020

Teacher in charge (valid 01.08.2020-31.07.2022): Arne Kroeger

Teacher in charge (applies in this implementation): Johannes Gartner, Arne Kroeger

Contact information for the course (valid 02.09.2020-21.12.2112):

Lecture Module: Ass. Prof. Dr. Arne Kroeger (arne.kroeger@aalto.fi)

Case Study Module: Dr. Johannes Gartner (johannes.gartner@aalto.fi)

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

• Valid 01.08.2020-31.07.2022:

  The workload includes time preparing presentations about selected topics, classroom teaching, peer-evaluations, a case study and preparing the exam.

  Topics:

  • Basics of entrepreneurship
  • Creativity, Idea Development & Innovation
  • Opportunity recognition & Business Model
  • Case Study
  • Venture Funding
  • Venture Growth
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• Applies in this implementation:

  
  

  Objectives, relevance for practice and lecture topics

  At the end of this course, students are expected to have developed theoretical and practical knowledge about entrepreneurship and innovation management and are able to apply those to real cases.
  

   

  The foundation of an enterprise has several advantages, such as being your own boss, realizing your own ideas and experiencing greater autonomy in general. However, entrepreneurship is more than founding an enterprise. It is a particular way of thinking and an approach to solving problems and can, therefore, also be practiced in large corporations (corporate entrepreneurship).

   

  Like the metaphor of the three blind men feeling an elephant, this course combines different lenses on entrepreneurship: i) a scientific, more abstract lens, ii) a lens on entrepreneurship tools that entrepreneurs can use and iii) a lens on the practices of actual enterprises. Aggregating those lenses aims to demonstrate that entrepreneurship is more holistic than a cookbook of recipes.

  
  

Assessment Methods and Criteria

• Valid 01.08.2020-31.07.2022:

  Individual assignments 35%. Team assignments 65%.

• Applies in this implementation:

  
  

  Didactic approach and organization

   

  The course comprises a lecture module for BIZ, Open University and Non-BIZ students and an additional case module for BIZ and Open University Students. The course will take place in myCourses and will be complemented by Zoom lectures. It contains individual and group work and individual and group assignments. The course will build on a variety of methods: front teaching (Zoom), video self-study, group work (including peer evaluation), development of MC-questions, and audience response system.

   

  Process of the MC-Questions

  Each student is asked to read the article Sarasvathy, S. D. 2001.
  Causation and Effectuation: Toward a theoretical shift from economic
  inevitability to entrepreneurial contingency. Academy of Management
  Review, 26(2): 243-263 and to develop and to upload three MC-questions
  in the “Assignments” section in MyCourses until 05.11.2020 at 9:15 am.

   

  In the lecture on the 12.11.2020, 10 randomly chosen MC-Questions
  will be discussed. Furthermore, the final exam will contain 3
  MC-Questions of the total pool of suggested MC-questions.

   
  

  Video self-study:

  The videos for self-study will be available in myCourses in the section “Materials” from the first lecture on. They are about the essential knowledge of entrepreneurship and innovation management. The corresponding slide deck is also available in myCourses in the section “Materials”. Consecutive watching of the videos is recommended. Students will have several opportunities to ask questions about the content of the videos. It is highly appreciated if students e-mail their questions to the lecturer two days before the lecture.

   

  Group work (including peer evaluation):

  For the group work, all students will have the same submission deadline and are required to read three scientific articles.

   
  
  

  Step 1: Team formation

  Students are asked to form groups of min. 3 and max. 5 students themselves and to indicate their team formation in the Group Choice Module in myCourses until 02.11.2020.

  The groups will perform different tasks (see below for further details). They can connect with each other via myCourses and work on the tasks online or in face-to-face meetings.

   

  Step 2: Development phase

  Each group will be randomly assigned to one of three cohorts: Venture Opportunity, Business Model or Venture Funding. Depending on the assigned cohort, the groups are supposed to answer one of the three questions (details will be provided in the first lecture). Depending on the assigned task, each group will prepare an essay of 1000-2000 words + 5 PPT slides (excl. cover page and references) in which the essay is visualized.
  

  The structure of these essays should be:

  • 200-400 words explanation of the framework
  • 200-400 words description of the impact venture’s operations
  • 600-1200 words elaboration of the question

   

  The 5 PPT slides (excl. cover page and references) should include min. 1 PPT Slide explanation of the framework and 1 PPT slide case description. Afterwards, each group uploads the essay and the PPT slides – if possible in 1 document – in a PDF format in MyCourses in the section “Assignments Development Phase”.

  Upload format: "Group Name_Cohort_Case.PDF“, example: 1. Group_Venture Opportunity_ResQ.pdf.

  The deadline for uploading the essay and presentation is:14.11.2020 at 9:15 am.

   

  Step 3: 1^st Evaluation phase

  After the 14.11.2020 at 9:15 am, the 1^st evaluation round starts. In this round, each essay and presentation of one group from the development round is evaluated by one randomly assigned group of another cohort. The lecturer will send the evaluation excel file and the essay, presentation of the group you are supposed to evaluate to you.
  

   

  Please go to the tab “Grading” in the same excel file. You will find a table with the following categories:

   

  Essay: Structure/storyline

  Essay: Appropriate focus

  Essay: Value-added of the information provided
  

  Essay: Transfer of the theoretical model to the case

  Presenation: Visualization of the essay in the presentation
  

  
  

  Please read the essay and the presentation of the assigned development group, define the expected achievements according to the five categories above (25 definitions in total) and grade the essay and the presentation of the development group according
  to your expected achievements. Afterwards, each group uploads their excel file in myCourses with their group name: "Group Name“, example: “1.Group.xlsx” in the section “Assignments”.Please upload your completed excel-file in MyCourses until: 18.11.2020 at 9:15 am.

   

  Step 4: 2^nd Evaluation phase

  After the 18.11.2020 at 9:15 am, 2nd evaluation round starts. In this round, the quality of the evaluations from the 1st evaluation round will be evaluated. The lecturer will send developed essay and PPT presentation from the “Development Round” and the evaluation excel of the “1^st Evaluation Round” you are supposed to evaluate to you.

   

  Please go to the tab “2nd Grading” in the same excel file. Please read the essay and the presentation of the development group that the lecturer has sent to you and review the criteria defined in the 1^st evaluation (columns C-G). Please provide
  comments on this 1st evaluation in Column I and grade the 1^st evaluation group in Column J.

   

  Afterwards, each group uploads their excel file in MyCourses without any changes of the name of the excel file in the section “Assignments”. Please upload your completed excel-file in myCourses until:24.11.2020 at 9:15 am.

   

  The excel files will be sent to the development groups who can revise their presentations. The revised presentations will be presented in the lecture on the 26.11.2020 (in a 20 minutes presentation).
  

   

  Case: Technology & Innovation Management - Groupwork assignment

  The
  case module consists of an online lecture followed by a Harvard case teaching
  discussion. You will need to read the business case (which can be downloaded in
  MyCourses) before the online session on19.11.2020
  at 9:15-12:00. You are required to apply the content of the online
  lecture to the business cases in the in-class discussion and the final group
  essay. 

   

  The
  groupwork assignment is based on the Bang & Olufsen case that is available
  in MyCourses. Your job is to create a full analysis of Bang & Olufsen at
  the current time and recommend strategies that would result in a sustainable
  competitive advantage for the firm.
  

   
  

  Submission
  deadline of the group analysis via MyCourses is on 10.12.2020
  at 23:55.

  
  

  Final Exam on 03.12.2020 at 09:15-10:15

  
  

  The final exam of the lecture module will be a one hour open book online exam in MyCourses of 33 MC questions. It can contain questions about everything that has been uploaded in myCourses.

   

  Exam Grading:

  50-59 points = 1

  60-69 points = 2

  70-79 points = 3

  80-89 points = 4

  90-100 points = 5 (best grade)

   

  There will be a Re-Exam on the 14.01.2021.

  The final exam of the case module will be a comprehensive group essay.

Workload

• Valid 01.08.2020-31.07.2022:

  1. Classroom hours 17 h
  2. Preparation of individual assignments 42 h
  3. Preparation of group work assignments 101 h

• Applies in this implementation:

  
  

  BIZ and Open University Students
  (25C00100)/6 cr

   

  The original workload hours have been changed because of Covid-19.

  1. Classroom hours 9 h
  2. Preparation of individual assignments 44 h
  3. Preparation of group work assignments 107 h

  
  

  The final grade for the BIZ and Open University students will be calculated as follows:

  Group assignments	Grade achieved in the development round	10%
  	Grad achieved in the 1st Evaluation round	5%
  	Case lecture + Long essay	50%
  Individual assignment	Final MC-Exam	35%
  Total:		100%

   

  
  

DETAILS

Study Material

• Valid 01.08.2020-31.07.2022:

  The materials necessary for completing the course will be available on MyCourses. Students can also
  use the following textbook to support their learning:

  Zacharakis, Andrew, William Bygrave, Andrew Corbett, 2016. Entrepreneurship, 4th Edition. Wiley.
  For the chapter Creativity, Idea Development and Innovation.

  Bessant, John R., Tidd, Joe 2015. Innovation and Entrepreneurship, 3th Edition. Wiley.

• Applies in this implementation:

  
  

  Literature

   

  Compulsory literature (uploaded in myCourses in the section “Materials”)

  • Amit, R. & Zott, C. 2001. Value creation in e-business. Strategic Management Journal, 22: 493-520.
  • Austin, R. D., & Beyersdorfer, D. (2007). Bang & Olufsen: design
    driven innovation. Boston: Harvard Business School Publishing.
    
  • Fleming, L. & Sorensen, O. 2016. Financing by and for the masses: An introduction to the Special Issue on crowdfunding. California Management Review, 58(2): 5-19.
  • Sarasvathy, S. D. 2001. Causation and Effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review, 26(2): 243-263.
  • Swanson, E. B. (2012). The managers guide to IT innovation waves. MIT Sloan Management Review, 53(2), 75.
    
  • Vogel, P. 2017. From venture idea to venture opportunity. Entrepreneurship Theory & Practice, 41(6): 943-971.
    

  Recommended complementing literature

  Zacharakis, Andrew, William Bygrave, Andrew Corbett, 2016. Entrepreneurship, 4th Edition. Wiley.
  For the chapter Creativity, Idea Development and Innovation.

  Bessant, John R., Tidd, Joe 2015. Innovation and Entrepreneurship, 3th Edition. Wiley.

   

  Titles of relevant journals in the field

  • Entrepreneurship Theory & Practice
  • Journal of Business Venturing
  • Entrepreneurship & Regional Development
  • Academy of Management Journal
  • Academy of Management Review

Prerequisites

• Valid 01.08.2020-31.07.2022:

  No prerequisites necessary

Registration for Courses

• Valid 01.08.2020-31.07.2022:

  Registration via WebOodi ends 7 days before the period starts.

• Applies in this implementation:

  
  

  MyCourses is an essential part of this course, and students are required to use it frequently.

  
  

  Course Homepage:

  • Zoom link for the next lecture
  • Table with submission deadlines
    
  • Group choice module
  • Final MC exam will be posted here
  • Results of the final MC exam will be posted
    here

  Section Materials:

  • Article for MC Questions
  • Articles for Group Assignments (lecture
    and case module)
    
  • 4 lecture Videos in which the essential
    knowledge is explained
  • Lecture Slides (incl.
    case module)
    
  • This document/Syllabus

  Assignments:

  • Assignment Uploaded MC-Questions
  • Assignment “Development Phase”: essays and presentations and
    assessments
  • Assignment “1^st Evaluation Phase”: assessments
  • Assignment “2^nd Evaluation Phase”: assessments

SDG: Sustainable Development Goals

8 Decent Work and Economic Growth

9 Industry, Innovation and Infrastructure

12 Responsible Production and Consumption

FURTHER INFORMATION

Further Information

• Valid 01.08.2020-31.07.2022:

  The maximum number of students admitted to the course is 100. Priority is given to
  (1) BSc students studying in the specialisation of Management, and
  (2) BSc students studying in a minor study package in Management.

   

  
  
  

• Applies in this implementation:

  
  

  MyCourses is an essential part of this course, and students are required to use it frequently.

  
  

  Course Homepage:

  • Zoom link for the next lecture
  • Table with submission deadlines
    
  • Group choice module
  • Final MC exam will be posted here
  • Results of the final MC exam will be posted
    here

  Section Materials:

  • Article for MC Questions
  • Articles for Group Assignments (lecture
    and case module)
    
  • 4 lecture Videos in which the essential
    knowledge is explained
  • Lecture Slides (incl.
    case module)
    
  • This document/Syllabus

  Assignments:

  • Assignment Uploaded MC-Questions
  • Assignment “Development Phase”: essays and presentations and
    assessments
  • Assignment “1^st Evaluation Phase”: assessments
  • Assignment “2^nd Evaluation Phase”: assessments

Details on the schedule

• Applies in this implementation:

  Lectures, Formats, Content &
  Submission Deadlines

  
  

  Lecture date	Format	Content
  29.10.	Zoom lecture (9:15-12:00)	Practicalities Basics of Entrepreneurship Creativity, Idea Development & Innovation
  05.11.	MyCourses, self-study, group work	Watching and understanding the videos about essential entrepreneurship and innovation management knowledge Preparation of intermediate assignment (group work, assigned cohorts/articles applied to a freely chosen Finish start-up or a start-up from https://blog.thehub.io/blog/15-impact-startups-in-finland-to-keep -an-eye-on-in-2019/)
  12.11.	Zoom lecture (9:15-10:45)	Presentation of the effectuation model 10 audience response system questions (randomly selected from the pool) + discussion afterwards Audience response system questions on the videos Opportunity to ask questions about the videos
  19.11.	Zoom lecture (9:15-12:00)	Case Study (BIZ & Open University students only): Technology & Innovation Management
  26.11.	Zoom lecture (9:15-10:45)	Presentation and feedback of presentations à max. 20 minutes Opportunity to ask questions about the videos and the exam
  03.12.	MyCourses (9:15-10:15)	MC-Online Exam

   

  Deadlines	Task (details see below)
  02.11. at 9:15 am	Indicate team formation in Group Choice Module in myCourses
  05.11. at 9:15 am	Submission of 3 MC-Questions about the article “Sarasvathy, 2001”
  14.11. at 9:15 am	Submission of essays: 1000-2000 words + 5 PPT slides (excl. cover page and references)
  18.11. at 9:15 am	Submission of 1st evaluations: Review criteria + Grades on the essays and presentations
  24.11. at 9:15 am	Submission of 2nd evaluation: Comments on + Grading of the 1st evaluation
  26.11. at 9:15 am	Revision of your own presentation according to the assessment in the 1st evaluation round
  03.12. at 9:15 am	Final exam
  10.12. at 23:55 pm	Submission of Technology – and Innovationmanagement group work. (BIZ & Open University students only)

  
  

Description

Registration and further information