Innovation Management and Entrepreneurship MSc degree | Middlesex University London
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Innovation Management and Entrepreneurship MSc/PG Dip/PG Cert

Learn about the course below
Code
PGN20C
Start
October 2020
EU/INT induction: September 2020
Duration
1 year full-time
2 years part-time
Attendance
Full-time
Part-time
Fees
£10,800 (UK/EU) *
£16,200 (INT) *
Course leader
Simon Best

Entrepreneurs and small businesses start-ups are often thought of as the backbone of economies worldwide, while qualities such as innovation and creativity are becoming increasingly sought after by organisations that need employees who can respond to change in dynamic business environments.

Why study MSc Innovation Management and Entrepreneurship at Middlesex University?

In a world that now comprises a very real and thriving 'enterprise culture', this course takes you through the entire process of concept, development and execution of starting a business. With entrepreneurship insights from specialist management disciplines you will develop practice based skills and knowledge in strategy and logistics, as well as an understanding of innovation networking from a behavioural perspective.

We will build on your ability to make confident decisions, help you spot market opportunities, adopt team working skills, apply critical attitudes towards leadership, think creatively and develop as an entrepreneurial leader. You will then apply these skills in a number of situations, including the mentoring of undergraduates with entrepreneurial aspirations and working on live cases to innovatively solve problems for small enterprises.

Course Highlights

  • Strong focus on the contemporary issues and practical skills training, equipping you with skills in business strategy, decision making, financing, valuing, and budgeting that enhance your ability to identify business opportunities and overcome obstacles
  • Opportunity to network and interact with other professional practitioners who draw from their own real life experiences at events such as Global Entrepreneurship Week
  • Work with the Enterprise Development Hub to gain valuable practice experience running workshops, mentoring undergraduates and working on small enterprise live cases
  • The course integrates high levels of student directed study, providing you with a framework through which to enhance your decision making and planning capabilities

Find out more

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What will you study on the MSc Innovation Management and Entrepreneurship?

To begin with the course arms you with various theories and contemporary methods that give you the basis of knowledge in developing a business plan, applying financial management tools, valuing a venture, and measuring financial performance to start. Moving on you will explore issues of project management, business networks, product development, and international entrepreneurship and its contributions to the global economy. With this knowledge you’ll be able to develop social capital, create effective marketing strategies, and manage projects.

Finally your will bring together the knowledge and skills developed throughout the course and apply them to a project that involves starting and running your own business or undertaking entrepreneurial work in an organisation.

There are three different awards available for this course:

  • PG Certificate route comprises two 30 credit modules
  • PG Diploma route comprises two 30 credit modules and four 15 credit modules
  • MSc route comprises two 30 credit modules, four 15 credit modules and a dissertation

You can find more information about this course in the programme specification. Optional modules are not offered on every course. If we have insufficient numbers of students interested in an optional module, or there are staffing changes which affect the teaching, it may not be offered. If an optional module will not run, we will advise you after the module selection period when numbers are confirmed, or at the earliest time that the programme team make the decision not to run the module, and help you choose an alternative module.

  • Modules

    • Venture Development (30 Credits) - Compulsory

      This module aims to introduce students to the processes required to start a new venture successfully. Students will be shown how the funding and markets are linked to entrepreneurial activities and will acquire the key skills required for venture development.

    • Innovation (30 Credits) - Compulsory

      The aim of this module is to provide an advanced understanding of the main theoretical frameworks, analytical tools, and successful business models for managing innovation in high dynamic environments. The module draws extensively on a range of case studies to illustrate central issues in industry dynamics of technological innovation, and to identify successful management practices in formulating and implementing technological innovation strategy.

    • Entrepreneurial Finance (15 Credits) - Compulsory

      The module aims to provide students with an awareness and understanding of various theories, knowledge, and financial tools an entrepreneur needs including business plan, financial management tools, financing a new venture, valuing ventures, process of going public, capital budgeting and measuring financial performance to start, build, and harvest a successful venture.

    • Developing Business Networks for Entrepreneurs (15 Credits) - Optional

      This module develops advanced understanding of and professional skills in evaluating and assessing relationships and their impact on entrepreneurs in a variety of settings. Students will learn the significance of building business relationships, both outside of their business and internally with staff, and the significance of these relationships at the different growth stages of their business. They will also learn about their strategic options when building business relationships, and the importance of being customer-focused in the electronic age. Students will learn to contextualise the importance of social capital and build practical skills in developing social capital; identify, evaluate and analyse stakeholder interests, and explore how to break into an industry. This covers a variety of channels, from social networking and customer relationships over the internet, to interpersonal and social skills, and joining and forming strategic business networks.

    • Developing new product and services (15 Credits) - Optional

      This module aims to develop students understanding of the key principles of product and service development and innovation management, and enhances their ability to put into practice these concepts. The module provides students with a core understanding of how product and service development contributes to the success of a firm and enables students to critically evaluate what is required to develop and deliver successful marketing strategies for innovative new products and services.

    • Innovation Management and Entrepreneurship Applied Project (60 Credits) - Compulsory

      This module provides students with a means of developing further the skills and knowledge gained on the MSc Innovation Management and Entrepreneurship, by application to a specific organisational issue or problem. It enables students to demonstrate proficiency in the design of a business enhancement project, application of appropriate methods of investigation, management of the change process, and maintenance of vision in the face of the vicissitudes of business realities.

    • Entrepreneurial Marketing (15 Credits) - Compulsory

      This module will enable students to learn how entrepreneurs can develop insights into consumer needs and transform them to create opportunities and markets. It is increasingly apparent that most firms succeed because they are willing to break the rules and act entrepreneurially. The module’s aims are to help students to appreciate how entrepreneurial marketing may be applied by any individual in any private or public sector organisation by focusing on the concept of entrepreneurial marketing, across all aspects of the marketing process. Students will be able to appreciate the potential of e-marketing and viral marketing, and plan marketing strategies with restricted funding for new ventures. It will aid students to recognise the role of networking and various methods of selling. Students will also be able to perceive and realise the ethical considerations crucial in entrepreneurial marketing.

    • Digital Marketing (15 Credits) - Optional

      The aim of this module is to develop students' knowledge and skills for understanding the complexity of the new digital landscape. The module provides a critical context in which to analyse the current digital developments. In particular, the module will facilitate students’ learning of e-marketing models, social media and e-tailing in order to produce a coherent digital marketing strategy.

    • Entrepreneurship and Sustainability (15 Credits) - Optional

      This module focuses specifically on the development of the competences needed to develop sustainable enterprises. The module aims to provide the knowledge and understanding of eco and social venture development at the Masters level necessary to enable students to make a strong contribution to society, economy and the environment. Students will be enabled through a competency based approach that links real-world orientation, through inter and transdisciplinary assignments, academic-business cooperation, personal development and coaching, to the development of sustainability-driven enterprises.

You can find more information about this course in the programme specification. Optional modules are not offered on every course. If we have insufficient numbers of students interested in an optional module, or there are staffing changes which affect the teaching, it may not be offered. If an optional module will not run, we will advise you after the module selection period when numbers are confirmed, or at the earliest time that the programme team make the decision not to run the module, and help you choose an alternative module.

How will the MSc Innovation Management and Entrepreneurship be taught?

Learning comprises a combination of lectures, directed reading, independent study, case studies and group work. You will also learn through coursework, electronic and online learning methods, facilitated discussions and guest speakers. Your creative thinking, analysis, synthesis and evaluation will be developed in seminar discussion and debate, as well as through independent study, including use of online resources. Practical skills needed for future employment will be accompanied through workshops, seminars, guided discussions, individual and group coursework, independent study and research methods training.

Assessment

We will measure your skills through a combination of individual and group coursework, presentations, project reports, exams, literature reviews and an applied project. Practical guidance including formative assessment is given on all course-related tasks, and feedback is provided on all assessed coursework.

  1. UK & EU
  2. International
  3. How to apply
  1. UK & EU
  2. International
  3. Additional costs

How can the MSc Innovation Management & Entrepreneurship qualification support your career?

Whether you intend to start your own business or feel entrepreneurial and enterprising skills will enhance your career prospects, this course develops skills around creativity, innovation and entrepreneurship. These skills can augment already existing capabilities in a number of roles or will allow you to move into the world of entrepreneurship. Career pathways can include;

  • Business Owner
  • Project Coordinator
  • Start-Up Manager
  • Business Development Officer
  • Mustansir Zakir

    MSc Innovation Management and Entrepreneurship

    I am currently managing Queen Corner Textiles, my family business of textile goods based in the Dubai market. My key role in this business is to develop and implement new marketing strategies and achieve greater sales through the creation of new sales channels (for example, online sales via website and social media).

    Studying MSc Innovation Management and Entrepreneurship was extremely beneficial for me as most of the study materials and projects have had a direct influence on my current role. Besides that, the networking events and the real life business examples shared by the guest speakers provided me with a sense of practicality on how innovation is a crucial element in every business.

    At the beginning of my course, I had applied for an internship with a consultancy firm in London. This internship has helped me greatly with my own business because it was a start-up company where I was directly involved in the decision making process and assisting the growth of the business.

    One of the reasons that make this programme so special are the  lecturers. Every lecturer tries to give personal attention and becomes a positive influence to every student inside and outside the class. One of the lecturers used to host informal lunches to create a platform for students to share their ideas and views openly. Another, always tried to push students outside their comfort zone to make them think outside the box and become more innovative.

Other courses

International Business Management MA/PG Dip/PG Cert

Start: October 2020, January 2020

Duration: 1 year full-time, 2 years part-time

Code: PGN122

Global Supply Chain Management MSc/PG Dip/PG Cert

Start: October 2020, EU/INT induction: September 2020

Duration: 1 year full-time, 2 years part-time

Code: PGN21C

Management MSc/PGDip/PGCert

Start: October 2020, EU/INT induction: September 2020

Duration: 1 year full-time, Usually 2 years part-time

Code: PGN200

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