MSc Entrepreneurship, Finance and Innovation

Glendonbrook Institute for Enterprise Development

This programme analyses the entrepreneur and their role in the innovation process plus the factors that affect the success of new ventures including strategy, planning and raising finance. You will have the opportunity to explore and reflect on the skills needed for success, the importance of good financial management on a day to day basis and the critical role of good governance for start-up companies.

Graduates of this programme will possess the skills to progress in large companies in a range of industry sectors as well as small and medium enterprises.

Programme Aims

a) Develop a critical understanding and the ability to reflect on the importance of an entrepreneurial attitude in individuals and organisations, particularly for relatively small and new firms

b) Develop your critical thinking in order to evaluate the factors affecting the success of the innovation process

c) Use action based, academically grounded learning to develop insight into the complexity of the innovation process, analysing and evaluating problems and responding to challenges in real time

d) Develop your understanding and analytical reflection of the complexity of managing the finances of a start-up business, including the legal considerations and the importance of good governance, and offer insights to analyse and address issues

e) To provide you with the skills of advanced networking and team working in order to compete in a rapidly changing business environment

Programme Structure

To complete the MSc Entrepreneurship, Finance and Innovation, students must complete 8 x 15 credit modules. All students must complete a Dissertation worth 60 credits. Students will pick a second subject from the list of nominated second subject modules offered by the other Loughborough University London Institutes in the first semester.

Request a call back

If you would like to speak to a programme specialist for MSc Entrepreneurship, Finance and Innovation, please complete this form to request a call back or email exchange.

Duration

1 year full-time or up to 4 years part-time

Assessment

Modules are assessed by a combination of essays, group exercises, presentations and time constrained assignments. Subject to your choices, there may also be exams.

Entry qualifications

Minimum of a lower Second Class Honours degree (2:2) in any subject area, with a mark of at least 55%, from a UK university or equivalent overseas qualification recognised by Loughborough University.

English Language requirements: IELTS 6.5 overall, with a minimum of 6.0 in each subtest (Reading, Listening, Writing and Speaking) or equivalent. See www.lboro.ac.uk/international/englang/.

Career prospects

As well as the ability to set up and understand the finance models for their own venture, graduates of this programme will also have the skills to progress into large blue chip companies and work in finance management, developing new products, markets and customer segments. Graduates will also have the opportunity to enhance their knowledge and career prospects further by undertaking an MRes or PhD programme.

Fees and Funding

£13,200 (UK/EU) / £23,950 (International)

Click here to see our available scholarships and bursaries, worth up to 90% off fees.

Compulsory modules

Innovation Management

Module Description

This module aims to equip students with an in depth knowledge of the innovation process, its importance to the economy and an understanding of the factors affecting its success.

Intended Learning Outcomes

This module covers the complexity of the innovation process, the types and patterns of innovation and the interrelationship between an organisation’s environment and its innovative capability.

On completion of this module students should be able to:

a) Understand the complexity of the innovation process

b) understand the types and patterns of innovation

c) Understand the interrelationship between an organisation¿s environment and its innovative capability

d) Relate innovation theory to the performance of organisations

e) Interpret company performance in relation to the dynamic environment in which it operates

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Guided independent study (123 hours)

Lectures (18 hours)

Tutorials (9 hours)

Assessment

Report (100%)

Entrepreneurship

Module Description

This module aims to encourage students to develop their own entrepreneurial skills. You will study the academic theories of entrepreneurship and look at the personality traits and behaviours associated with entrepreneurs. Students will then be encouraged to develop their own ideas and test their theories in a mini research project.

Intended Learning Outcomes

This module covers the academic theories of entrepreneurship, the interconnectedness between entrepreneurial tendencies and resulting behaviour and the measure of the cognitive, conative and emotional components of entrepreneurial attitude.

On completion of this module students should be able to:

a) Understand the academic theories of entrepreneurship

b) Understand the interconnectedness between entrepreneurial tendencies and resulting behaviour

c) Understand the measure of the cognitive, conative and emotional components of entrepreneurial attitude

d) Recognise and apply self-reflection for personal development

e) Recognise the need for entrepreneurial behaviour

f) Understand the need for sensitivity to diversity within organisations

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Guided independent study (123 hours)

Lectures (18 hours)

Tutorials (9 hours)

Assessment

Report (100%)

Collaborative Project

Module Description

This module tests your skills in a team environment. With a multi-talented group of students you will work on a brief from a real company looking to solve a real social or business problem for a real client. Student teams will research and build solutions to a business deadline supported by our project tutors, clients and staff. We expect clients to include BT Sport, The London Legacy Development Company and other companies and charities working to respond to the digital age.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Deal with challenges associated with working in interdisciplinary teams

b) Undertake a project development process informed by organisational frameworks

c) Demonstrate interdisciplinary communication skills

d) Apply Design Thinking methods

e) Plan and execute a project plan in collaboration with other team members

f) Identify user needs, collecting and analysing appropriate data, creating conceptual solutions and develop a prototype

Modular Weight

15 credits

Delivery Period

Semester 1

Teaching and Learning

Guided independent study (99 hours)

Supervised time in studio (40 hours)

Lectures (10 hours)

Tutorials (1 hour)

Assessment

Project plan (20%)

Group report (50%)

Project outputs including presentation (30%)

Strategy and Planning

Module Description

Students will receive the background knowledge on goal setting, strategic positioning and the more practical aspects of business planning. You will look at a variety of risk analysis tools and consider the importance of thorough market analysis and research prior to planning a new venture.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Understand the complexity of the innovation process

b) Understand the importance of idea creation and opportunity spotting

c) Critical assessment of a potential product or service

d) Strategic positioning of a novel business idea

e) Analyse data and information in order to make effective decisions

f) Recognise and apply self-reflection for personal development

g) Demonstrate rational use of business and risk analysis tools to analyse company performance

h) Demonstrate effective communication to persuade and influence stakeholders

i) Evaluate the funding needs of a new venture

Modular Weight

15 Credits

Delivery Period

Semester 2

Teaching and Learning

Guided independent study (123 hours)

Lectures (15 hours)

Tutorials (12 hours)

Assessment

Report (100%)

Funding

Module Description

This module aims to equip students with an in depth knowledge of the various funding options available to a new venture and the processes involved in obtaining financial backing. Students will learn basic financial calculations, learn how to analyse the financial status of a company and prepare a pitch to an investor.

Intended Learning Outcomes

This module covers the financial requirements of an organisation and relevant sources of funding and their acquisition.

On completion of this module students should be able to:

a) Understand the financial requirements of an organisation

b) Understand relevant sources of funding and their acquisition

c) Analyse data and information in order to make effective decisions

d) Demonstrate effective communication to persuade and influence stakeholders

e) Evaluate the funding needs of a new venture

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Guided independent study (123 hours)

Lectures (18 hours)

Tutorials (9 hours)

Assessment

Case study (75%)

Group presentation (25%)

Second Subject Module

Dissertation

Module Description

The aim of this module is for the student to conduct an individual research project on a core programme related topic which is either an issue of their choice, an exploratory question agreed with an industry/external partner. The project will investigate this research in depth and with rigour. The project should build on methodological skills developed in earlier modules.

Intended Learning Outcomes

The overall goal of the Dissertation module is for the student to display the knowledge and capability required to perform independent work within the context of the programme of study.

Modular Weight

60 Credits

Delivery Period

Semester 1 and 2

Teaching and Learning

Guided independent study (555 hours)

Lectures (25 hours)

Tutorials (20 hours)

Assessment

Dissertation (80%)

Project proposal (20%)

Small Business Finance

Module Description

The aims of this module are to equip students with a working knowledge of the accounting and commercial skills required both to monitor and evaluate company performance, and to understand the financial consequences of business decisions, particularly for relatively small and young firms; be able to critically assess alternatives.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Critically reflect on and provide well-grounded analysis of these elements crucial for small business finance:

b) Critically analyse the role of the accountant

c) Evaluate the importance of cash flow, margin and profitability management

d) Critically appraise the intricacies of product costing and pricing

e) Analyse working capital needs

f) Evaluate Investment appraisal

g) Identify and critically assess key commercial drivers in different business models

h) Critically evaluate business decisions required for financial success; consider alternatives.

i) Interpret complex commercial data

j) Demonstrate effective communication to persuade and influence stakeholders

k) Evaluate business need for expert intervention

l) Demonstrate and critically reflect on the need for: effective report writing skills; effective oral communication and presentation skills; a positive and critical attitude towards (the nature and sustainabiity of) a commercial opportunity.

Modular Weight

15 Credits

Delivery Period

Semester 2

Teaching and Learning

Guided independent study (123 hours)

Lectures (18 hours)

Tutorial (9 hours)

Assessment

Case Study (75%)

Presentation (25%)

Governance For Start-Up Companies

Module Description

The aims of this module are to equip students with a working knowledge of governance and corporate governance frameworks and how these relate to SMEs and start-up businesses; be able to critically assess alternatives.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Critically reflect on and provide well-grounded analysis of these elements crucial for small business finance:

b) Analyse the main elements of good corporate governance

c) Develop and critically reflect on corporate governance frameworks for small and medium sized businesses

d) Critically evaluate the value and impact of company boards

e) Critically appraise corporate governance challenges for small and medium sized businesses

f) Construct a corporate governance framework for a small or medium sized business, considering alternatives and assessing these in light of recent academic insights

g) Evaluate business risks and opportunities for growth, reflecting on the potential for contributing to success as demonstrated by recent academic research.

h) Synthesise information from appropriate sources

i) Demonstrate effective communication to persuade and influence stakeholders

j) Select and use appropriate investigative and research skills

k) Analyse ethical dilemmas and corporate social responsibility issues

l) Demonstrate effective report writing skills

Modular Weight

15 Credits

Delivery Period

Semester 2

Teaching and Learning

Guided independent study (123 hours)

Lectures (18 hours)

Tutorials (9 hours)

Assessment

Report (100%)

Second subject modules

Choose one module only

Design Thinking

Module Description

This module will enhance students’ ability to use design approaches and tools for identifying and implementing human-centred innovation opportunities. Students are expected to deploy knowledge learned in this module into the parallel Collaborative Project module.

Intended Learning Outcomes

This module will introduce students to a systematic design-based approach aimed at identifying and implementing user-centred innovation opportunities.

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Guided independent study (108 hours)

Supervised time in studio (30 hours)

Lectures (8 hours)

Tutorials (4 hours)

Assessment

Written report (80%)

Peer feedback (20%)

Introduction to Mobile Internet and Media Clouds

Module Description

The aim of this module is to provide students with an overview of the mobile Internet and cloud technology with a special emphasis on media cloud applications shifting to mobile Internet platforms and its associated challenges.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Receive an overview of the mobile Internet and cloud technologies with specific knowledge in media cloud applications on mobile devices, systems and Internet in general, and the challenges that are associated with making such applications available to the end-users via the mobile Internet and cloud technology

b) Understand the mobile Internet technology, media cloud applications, and the strengths and associated challenges by utilising mobile cloud technology and applications

c) Understand mobile networking and media cloud topics

d) Understand privacy and security issues in mobile cloud services

e) Understand mobile Internet and cloud business models Skills

f) Gain experience with the understanding of mobile Internet architecture and access techniques, system performance and limitation

g) Gain specific skills in media cloud applications and how the combination of mobile Internet with cloud computing technology will fast-changing the future of media applications for people on the move and the daily life of public in general

h) Apply their knowledge of mobile Internet and media cloud technology in media service delivery and communication industry

i) Tackle media cloud application and mobile communication networks related problems and deal with their possible solutions

j) Equip themselves with the necessary understanding and essential knowledge that are required for service provider jobs in the cloud computing, applications, and mobile services provision domains

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Guided independent study (126 hours)

Lectures (20 hours)

Tutorials (4 hours)

Assessment

Exam (80%)

Final coursework report (20%)

Sport Media and Marketing

Module Description

This module will cover the following topics: Main themes that underpin media and marketing, Evolution of media and marketing in a sport context, Practices and techniques for effective sport media and marketing, Types of media and marketing, Consumer and fan engagement

Intended Learning Outcomes

On completion of this module students should be able to:

a) Assess the major theories, principles, and concepts surrounding sport media and marketing;

b) Apply techniques and practices involved in conceptualising and developing a marketing plan;

c) Gather, analyse, and present sport media and marketing ideas and concepts;

d) Apply sport media and marketing principles that can be utilised in different sport environments;

e) Demonstrate initiative and personal responsibility;

f) Continue to learn independently and to develop professionally.

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Tutorial (10 hours)

Lecture (20 hours)

Guided independent study (120 hours)

Assessment

Sponsorship Pitch (40%)

Marketing Plan (60%)

The Key Topics in Media and Creative Industries

Module Description

The module will include the following topics: defining media and creative industries; ownership, concentration and control in media and creative industries; innovation and technological change; media and creative markets; business models in media and creative industries; copyright; global media cities; clustering of media and creative industries; media and cultural policy.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Understand how and why the media and creative industries have been defined;

b) Understand the importance of industrial structure in media and creative industries;

c) Understand the implications of innovation and technological change for media and creative industries;

d) Understand changing business models in media and creative industries;

e) Understand the importance of copyright and how this is affected by technological change;

f) Understand why media and creative industries cluster in particular spaces and cities;

g) Understand the globalisation of media and creative industries and understand media and cultural policy;

h) Systematically assess the implicit theoretical assumptions of contrasting perspectives;

i) Communicate effectively in speech and writing, with academic and non-academic audiences;

j) Engage in critical reasoning, debate and argumentation; and assess the empirical validity of competing perspectives;

k) Synthesise different sources of data and identify key arguments and issues at stake in particular fields of practice;

l) Understand the behaviour of firms in media and creative industries;

m) Understand emerging trends in media and creative industries and be able to use critical perspectives to analyse these emerging trends.

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Tutorial (2 hours)

Supervised time in studio/workshop (10 hours)

Lecture (18 hours)

Guided independent study (120 hours)

Assessment

Essay (100%)

Introduction to Diplomacy

Module Description

This module will include the following topics: The evolution of the International System, The evolution of the study of diplomacy: traditional approaches and debates; critical approaches and new debates, Elements of Diplomacy: practices, procedures and dynamics (including international protocol and etiquette; image projection, reputation management and nation branding), New dynamics and emergent trends in the practice of diplomacy in the face of global change (focusing on the post-Cold War and Post-9/11 era): heteropolarity, advances in science and technology, new forms of conflicts and threats, as well as new forms of interaction and dialogue, Diplomacy as interaction across fields and disciplines: media and diplomacy; digital technologies, statecraft and diplomacy; business/entrepreneurship and diplomacy; management culture/design and diplomacy, Intercultural awareness and dialogue, Normative and ethical dimensions.

Intended Learning Outcomes

On completion of this module students should be able to:

a) Evaluate the historical evolution of the modern international system;

b) Critically evaluate the key concepts and theories of diplomacy;

c) Evaluate the role and behaviours of international organisations and states in the international system;

d) Evaluate the context of the present-day international political and economic relations within which diplomacy takes place;

e) Identify and assess the importance of such dynamics for their respective fields of study;

f) Construct reasoned arguments utilising concepts and approaches to the study of diplomacy;

g) Recognise established and emergent phenomena in the practice of diplomacy within the current global affairs;

h) Creatively and critically evaluate the possibilities of various intersections between diplomatic practice and the objectives and modes of delivery in their respective fields;

i) Gather and organise evidence, data and information from a variety of secondary and primary sources;

j) Develop research and presentation skills;

k) Develop a cross-disciplinary and collaborative research and learning ethos.

Modular Weight

15 Credits

Delivery Period

Semester 1

Teaching and Learning

Lecture (30 hours)

Guided independent study (120 hours)

Assessment


Share this page: