Programme information

This programme analyses the entrepreneur and the innovation process, giving you the opportunity to explore and reflect on the skills needed for success.

This programme provides you with in-depth teaching of subjects that are often only briefly mentioned in traditional business programmes – intellectual property, sources of funding for small business and business failure will all be studied as complete modules.

Entrepreneurial behaviour is a key competency required by a growing number of employers. As this programme provides you with a robust understanding of business and the innovation process, along with the skills required to take action, you will be well placed to succeed in today’s marketplace.

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Programme aims

  • Develop students critical thinking in order to evaluate the factors affecting the success of the innovation process
  • Use action based learning to develop insight into the complexity of the innovation process, analysing and evaluating problems and responding to challenges in real time
  • Develop an understanding of the importance of an entrepreneurial attitude in individuals and organisations
  • To provide students with the skills of advanced networking and team working in order to compete in a rapidly changing business environment

Entry requirements

An honours degree (2:2, 55% or above) or equivalent overseas qualification.

Overseas qualification equivalencies

English Language requirements

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

More on the Loughborough University website

Assessments

Modules are assessed by a combination of essays, group exercises, presentations and time constrained assignments. Subject to your choices, there may also be exams. Take a look at our modules below to see what assessments you can expect to undertake.

Future career prospects

As well as the ability to set up their own venture, graduates of this programme will also have the skills to progress into large blue chip companies and work in R&D management, developing new products, marketsand 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

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. The standard tuition fees for this course are:

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

University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

View scholarships for 2017 entry

Programme modules

This programme covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

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

Core modules

Collaborative Project

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.
 
Together with your student team, you will research and build solutions to a business problem, supported by our project tutors, clients and staff. Previous clients include Foster + Partners, Speedo, The London Legacy Development Corporation as well as many other companies, start-ups and charities.
 
The Collaborative Project provides a means for you to engage in critical enquiry and to be exposed to project-based teamwork in multicultural and interdisciplinary settings. By undertaking this module, you will strengthen your cooperative and collaborative working skills and competencies, whilst raising your awareness and appreciation of cultural and disciplinary diversity and differences.
 
The Collaborative Project aims to provide you with a hands-on experience of identifying, framing and resolving practice-oriented and real-world based challenges and problems, using creativity and appropriate tools to achieve valuable and relevant solutions. Alongside the collaborative elements of the module, you will be provided with opportunities to network with stakeholders, organisations and corporations, which will give you the experience and skills needed to connect to relevant parties and potentially develop future employment opportunities.
 
Learning Outcomes
On completion of this module, you will be able to:
 
  • Work effectively in diverse and interdisciplinary teams;
  • Undertake and contribute towards a project-based development process;
  • Apply critical enquiry, reflection, and creative methods to identify, frame, and resolve issues and problems at hand;
  • Identify user and stakeholder needs and value creation opportunities, whilst collecting and applying evidence-based information and knowledge to develop appropriate insights, practices and solutions;
  • Identify, structure, reflect on key issues and propose solutions to problems in creative ways;
  • Enhance your appreciation for diversity and divergent individual and disciplinary perspectives;
  • Be able to provide structured, reflective and critical feedback to peers and other stakeholders;
  • Plan and execute a project plan including scope, resources and timing;
  • Effectively communicate ideas, methods and results to a diverse range of stakeholders;
  • Use multiple, state-of-the-art date media and technologies to communicate with collaborators;
  • Make informed, critical and reflective decisions in time-limited situations.
Assessment
100% Coursework consisting of:
 
  • 20% Group project proposal
  • 20% Individual reflection
  • 30% Final Project Report
  • 30% Project deliverables to the client

Innovation Management

This module will include: the innovation process and models for innovation; the importance of innovation to the economy; government support for innovation; and the importance of innovation in the contemporary business environment.
 
The module aims to equip you with an in depth knowledge of the innovation process, its importance to the economy and an understanding of the factors affecting its success.
 
Learning Outcomes
On completion of this module you should be able to:
 
  • Explain the complexity of the innovation process;
  • Highlight the types and patterns of innovation;
  • Understand the interrelationship between an organisations environment and its innovative capability;
  • Relate innovation theory to the performance of organisations;
  • Interpret company performance in relation to the dynamic environment in which it operates;
  • Synthesise information from appropriate sources;
  • Demonstrate rational use of business and risk analysis tools to analyse company performance;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Demonstrate commercial awareness;
  • Recognise ethical dilemmas and corporate social responsibility issues.
 
Assessment

100% Coursework consisting of:

  • 5% Introduction Assignment
  • 95% Report

Entrepreneurship

This module will include: entrepreneurship and the economy; the theories of entrepreneurship; recognizing and measuring entrepreneurial tendencies; and entrepreneurship in different organizational contexts.
 
The aims of this module are to introduce you to the field of entrepreneurship; to examine the role entrepreneurship plays in modern economies; to analyse the different types of activity contained within the definition, and the main theoretical and analytical approaches used to understand the concept; to consider entrepreneurial innovation at different stages of a business, from start-up to more mature firms; to enable you to assess their own entrepreneurial tendencies; and to enable you to test their theories in a mini research project.
 
Learning Outcomes
By the end of the module, you should have a critical appreciation of:
 
  • The varying and pervasive role of entrepreneurship within the economy;
  • The different contexts in which entrepreneurs operate;
  • The approaches developed by researchers in attempting to understand the entrepreneurial process
  • Their own entrepreneurial tendencies
  • A firm academic and empirical understanding of the dimensions and role of entrepreneurship in a modern economy;
  • The ability to interpret and contextualize commentary and analysis relating to the field;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective essay/report writing skills;
  • Demonstrate resourcefulness to carry out data collection;
  • Understand their own skills and opportunities;
  • Demonstrate a positive attitude towards a challenge.
 
Assessment
  • 40% Reflective essay
  • 60% Project

Funding

You will learn basic financial calculations, learn how to analyse the financial status of a company and prepare a pitch to an investor.
 
The aim of this module is to equip you with an in depth knowledge of the various funding option available to a new venture and the processes involved in obtaining financial backing.
 
Learning Outcomes
 On completion of this module you should be able to:
 
  • Identify the financial requirements of an organisation;
  • Understand the relevant sources of funding and their acquisition;
  • Analyse data and information in order to make effective decisions;
  • Demonstrate effective communication to persuade and influence stakeholders;
  • Evaluate the funding needs of a new venture;
  • Demonstrate effective report writing skills;
  • Work effectively in a team;
  • Demonstrate good oral communication and presentation skills;
  • Demonstrate a positive attitude towards a commercial opportunity;
  • Demonstrate problem solving ability.
 
Assessment
  • 25% Group Presentation
  • 75% Case study

Strategy and Planning

You will look at a variety of frameworks for assessing entrepreneurs, products, markets, and industries with a view to understanding the importance of thorough market analysis and research prior to planning a new venture.
 
The aim of this module is to equip you with the background knowledge on strategic positioning and the more practical aspects of business planning.
 
Learning Outcomes
On completion of this module you should be able to:
 
  • Highlight the complexity of the innovation process;
  • Explain the importance of idea creation and opportunity spotting;
  • Create critical assessment of a potential product or service;
  • Explain strategic positioning of a novel business idea;
  • Analyse data and information in order to make effective decisions;
  • Recognise and apply self-reflection for personal development;
  • Demonstrate rational use of business and risk analysis tools to analyse company performance;
  • Demonstrate effective communication to persuade and influence stakeholders;
  • Evaluate the funding needs of a new venture;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Work effectively in a team and demonstrate recognition of an individual’s contributions to a group activity;
  • Demonstrate a positive attitude towards a commercial opportunity;
  • Spot or create an opportunity for a new product or service;
  • Successfully manage a project from idea to completion.
 
Assessment
  • 100% Coursework

Understanding Business Failure

You will look at the innovation process and risk assessment methods for avoiding failure. We will also look at the risk taking traits of entrepreneurs and the attitude towards failure in society.
 
The aim of this module is to equip you with a knowledge of the various factors that cause failure of organisations.
 
Learning Outcomes 
On completion of this module you should be able to:
 
  • Identify the multiple causes of failure and interconnectedness of these;
  • Identify the ways in which organisations and individuals can learn from failure;
  • Recognise the value of failure as a positive step;
  • Recognise the need for resilience in the case of failure;
  • Demonstrate rational use of business and risk analysis tools to analyse company performance;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Demonstrate commercial awareness;
  • Demonstrate problem solving capability.
 
Assessment
  • 100% Case Study

Dissertation

The Dissertation module will equip you with the relevant skills, knowledge and understanding to embark on your own research project. You will have the choice of three dissertation pathways:
 
  • A desk based research project that could be set by an organisation or could be a subject of the student's choice
  • A project that involves collection of primary data from within an organisation or based on lab and/or field experiments
  • An Internship within an organisation during which time students will complete a project as part of their role in agreement with the organisation (subject to a suitable placement position being obtained)
  • By undertaking a dissertation at master's level, you will achieve a high level of understanding in your chosen subject area and will produce a written thesis or project report which will discuss your research in more detail.
 
Learning Outcomes
On successful completion of this module, you should be able to demonstrate knowledge and understanding of:
 
  • The importance of project planning;
  • The importance of a clear hypothesis or research question;
  • The ethical implications of research;
  • The relevant empirical data and methodologies for data collection or knowledge assimilation for the subject area;
  • Methods of data analysis and their suitability for the intended data;
  • The areas of expertise or publications of the major individuals or organisations in the subject or business area;
  • The previous research or current knowledge in the specific subject or business area;
  • Theoretical perspectives relevant to your chosen topic;
  • The most effective methods of presentation for data or knowledge;
  • Developing a clear, coherent and original research question, hypothesis or business problem in a suitable subject area;
  • Synthesising relevant sources (e.g. research literature, primary data) to construct a coherent argument in response to your research question, hypothesis or business problem;
  • Analysing primary or secondary data collected by an appropriate method;
  • Critically evaluating data collected in context with previously published knowledge or information;
  • Engaging in critical debate and argumentation in written work;
  • Applying principles of good scholarly practice to your written work;
  • Performing appropriate literature searching/business information searching using library databases or other reputable sources;
  • Planning a research project and producing a realistic gantt chart demonstrating your intended timelines;
  • Synthesising information from appropriate sources;
  • Demonstrating rational use of research method tools;
  • Selecting and using appropriate investigative and research skills;
  • Demonstrating effective project planning skills;
  • Finding and evaluating scholarly sources;
  • Engaging in critical reasoning, debate and argumentation;
  • Demonstrating effective report writing skills;
  • Recognising and using resources effectively;
  • Successfully managing a project from idea to completion;
  • Demonstrating commercial awareness or the impact of knowledge transfer in a business or research environment.
 
Assessment
100% Coursework consisting of:
 
  • 20% Literature review
  • 20% Research proposal
  • 60% Dissertation report/essay

Optional modules

Family Businesses

New for 2017, this module examines the factors influencing family-owned and managed businesses, including key research and methodical approaches to better understand entrepreneurship and innovation in family firms. Insights into the academic theories behind family business are also identified, as well as approaches into family firms and strategic choices.
 
Learning outcomes  

By the end of the module, you should have a critical appreciation of:

  • The different types of family businesses;
  • The link between `family’ and strategic choices;
  • Family dynamics and the `family effect’ on the business;
  • The approaches developed by researchers in attempting to understand family firms;
  • The dimensions and role of family firms in a modern economy.
 
Assessment
  • 100% coursework

Intellectual Property

This module will include aspects of intellectual property law, the types of intellectual property, using intellectual property for commercial advantage, how to apply for intellectual property, and intellectual property database searching.

The aim of this module is to equip students with a knowledge of the various types of intellectual property, searching intellectual property databases, the legal basis of intellectual property rights, the application process for obtaining intellectual property and its importance to the innovation process and the entrepreneur.

Learning Outcomes

On completion of this module students should be able to:

  • Explain the importance of intellectual property as an asset;
  • Understand the complexity of IP law and the protection process;
  • Know the commercial value of the various types of intellectual property
  • Interpret data and information in order to make effective decisions;
  • Perform intellectual property searches;
  • Provide advice on company strategy;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Work effectively in a team;
  • Demonstrate good oral communication and presentation skills;
  • Recognise and use their resources effectively;
  • Demonstrate problem solving capability;
  • Demonstrate a creative approach to communication.
Assessment
  • 25% Group Presentation
  • 75% Case study

Second subject modules (your choice of one)

Introduction to Mobile Internet and Media Clouds

This module will cover mobile networks and cloud technologies. The first part of the module includes an introduction to the latest mobile broadband and communication technologies, including their network architectures and radio interface protocols, covering 3GPP LTE mobile broadband radio access, network architecture, and radio interface architecture. The second part includes a brief overview of the cloud technology and covers the service and deployment models, media cloud applications and challenges, mobile clouds, relations of clouds with handling big data, and privacy and security issues in cloud services.
 
The aim of this module is to provide students with knowledge in advanced mobile networks and cloud systems, including their architectures, protocols, and relations to big data.
 
Learning Outcomes
On completion of this module students should be able to:
 
  • Display knowledge of mobile communication networks, cloud systems and their interactions with each other as well as with data and media processing and communications, and be able to relate their knowledge to real-world examples.
  • Mobile broadband communication technologies, including their network architectures and radio interface protocols;
  • Mobile broadband access techniques, systems performances and limitations;
  • The principles of cloud computing technology, media clouds and applications, and the associated challenges;
  • Relations of clouds to handling big data and importance of security in clouds;
  • Apply gained knowledge and skills in understanding the functioning of mobile broadband systems and relating the knowledge to real-world examples;
  • Comprehend the concepts pertaining to the cloud systems, and their relations to the media applications, big data and security;
  • Apply gained knowledge in mobile broadband communication in understanding the different wireless communication techniques and the system performance;
  • Apply gained knowledge in the cloud principles and their operation in real world scenarios;
  • Apply their critical analysis and problem solving skills in the industry for tackling problems and providing solutions for both mobile communications and cloud services;
  • Demonstrate competitiveness in both mobile networks and cloud systems.
 
Assessment
  • 30% Coursework
  • 70% Exam

The Key Topics in Media and Creative Industries

The module content will include: 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.
 
The aim of this module is to introduce you to key critical debates relating to the economics of media and creative industries and their social, cultural and political implications.
 
Learning Outcomes
On completion of this module you should be able to:
 
  • Understand how and why the media and creative industries have been defined;
  • Understand the importance of industrial structure in media and creative industries;
  • Understand the implications of innovation and technological change for media and creative industries;
  • Understand changing business models in media and creative industries;
  • Understand the importance of copyright and how this is affected by technological change;
  • Understand why media and creative industries cluster in particular spaces and cities;
  • Understand the globalisation of media and creative industries;
  • Understand media and cultural policy.
  • Identify, debate and evaluate relevant critical perspectives on media and creative industries;
  • Systematically assess the implicit theoretical assumptions of contrasting perspectives;
  • Use critical perspectives to analyse emerging trends in media and creative industries;
  • Communicate effectively in speech and writing, with academic and non-academic audiences;
  • Engage in critical reasoning, debate and argumentation;
  • Assess the empirical validity of competing perspectives;
  • Manage time and resources effectively;
  • Synthesise different sources of data and identify key arguments and issues at stake in particular fields of practice;
  • Understand the behaviour of firms in media and creative industries;
  • Understand emerging trends in media and creative industries;
  • Apply skills in written and verbal communication that are relevant to this field;
  • Be able to plan, organise and manage coursework assignments, demonstrating independence, initiative and originality.
 
Assessment
  • 100% Coursework

Design Thinking

The module will include: visualization, using imagery to envision possible future conditions; journey mapping, assessing the existing experience through the customer's eyes, using customer oriented data collection techniques; value chain analysis, assessing the current value chain that supports the customer's journey; mind mapping, generating insights from exploration activities and using those to create; design criteria; brainstorming, generating ideas; rapid concept development, assembling innovative elements into a coherent proposition that can be explored and evaluated; rapid ‘prototyping', expressing a new concept in a tangible form for exploration, consumer testing, and refinement; consumer testing; and storytelling.
 
The aim of this module is to enhance your ability to use design approaches and tools for identifying and implementing human centred innovation opportunities. You will be expected to deploy knowledge learned in this module into parallel running Collaborative Project module.
 
Learning Outcomes
The module will introduce you to a systematic design-based approach aimed at identifying and implementing user centered innovation opportunities.
 
On completion of this module you should be able to:
 
  • Identify when and how to use range of Design Thinking tools;
  • Select appropriate tools to inform project development;
  • Appropriate use of the Design Thinking tools in a parallel module;
  • Develop communication skills in diverse teams;
  • Developed a systematic approach to tackle complex projects;
  • Apply tools in a project context;
  • Work with variety of stakeholders;
  • Understand how to tackle `wicked' problems;
  • Be able to deliver a succinct presentation to communicate key facts.
 
Assessment
  • 10% Presentation
  • 20% Peer Feedback
  • 70% Report

Sport Media and Marketing

This module will include: the main themes that underpin media and marketing, the evolution of media and marketing in a sport context, the practices and techniques for effective sport media and marketing, the types of media and marketing, and consumer and fan engagement.
 
The aims of this module are to be introduced to key concepts in sport media and marketing and to develop understanding of the nature of sport media and marketing.
 
Learning Outcomes
On completion of this module you should be able to:
 
  • Assess the major theories, principles, and concepts surrounding sport media and marketing;
  • Apply techniques and practices involved in conceptualising and developing a marketing plan;
  • Gather, analyse, and present sport media and marketing ideas and concepts;
  • Apply sport media and marketing principles that can be utilised in different sport environments;
  • Demonstrate initiative and personal responsibility;
  • Continue to learn independently and to develop professionally.
 
Assessment
  • 40% Sponsorship Pitch
  • 60% Marketing Plan

Introduction to Digital Technologies

This module will cover mobile networks and cloud technologies. The first part of the module includes an introduction to the latest mobile broadband and communication technologies, including their network architectures and radio interface protocols, covering 3GPP LTE mobile broadband radio access, network architecture, and radio interface architecture. The second part includes a brief overview of the cloud technology and covers the service and deployment models, media cloud applications and challenges, mobile clouds, relations of clouds with handling big data, and privacy and security issues in cloud services.
 
The aim of this module is to provide you with knowledge in advanced mobile networks and cloud systems, including their architectures, protocols, and relations to big data.
 
Learning Outcomes
 On completion of this module you should be able to:
 
  • Display knowledge of mobile communication networks, cloud systems and their interactions with each other as well as with data and media processing and communications, and be able to relate their knowledge to real-world examples.
  • Mobile broadband communication technologies, including their network architectures and radio interface protocols;
  • Mobile broadband access techniques, systems performances and limitations;
  • The principles of cloud computing technology, media clouds and applications, and the associated challenges;
  • Relations of clouds to handling big data and importance of security in clouds;
  • Apply gained knowledge and skills in understanding the functioning of mobile broadband systems and relating the knowledge to real-world examples;
  • Comprehend the concepts pertaining to the cloud systems, and their relations to the media applications, big data and security;
  • Apply gained knowledge in mobile broadband communication in understanding the different wireless communication techniques and the system performance;
  • Apply gained knowledge in the cloud principles and their operation in real world scenarios;
  • Apply their critical analysis and problem solving skills in the industry for tackling problems and providing solutions for both mobile communications and cloud services;
  • Demonstrate competitiveness in both mobile networks and cloud systems.
 
Assessment
  • 30% Coursework
  • 70% Exam

Introduction to Diplomacy

This module will introduce the main concepts, theories and practices of international relations and diplomacy.
 
The overarching aim of the module is to provide you with a wider understanding of the historical trends, conceptual bases and current practices of diplomacy in the context of current global affairs and to help them critically evaluate the relevance for all fields of social, economic and scientific practice. As part of such aim, the module will advance an interdisciplinary ethos.
 
Learning outcomes
On completion of this module you should be able to:
 
  • Evaluate the historical evolution of the modern international system
  • Critically evaluate the key concepts and theories of diplomacy
  • Evaluate the role and behaviours of international organisations and states in the international system
  • Evaluate the context of the present-day international political and economic relations within which diplomacy takes place
  • Identify and assess the importance of such dynamics for their respective fields of study
  • Construct reasoned arguments utilising concepts and approaches to the study of diplomacy
  • Recognise established and emergent phenomena in the practice of diplomacy within the current global affairs
  • Creatively and critically evaluate the possibilities of various intersections between diplomatic practice and the objectives and modes of delivery in their respective fields
  • Via in-class team tasks, and in assessed assignments, apply such skills to empirically grounded case study materials
  • Reflect on own learning and make use of constructive feedback
  • Gather and organise evidence, data and information from a variety of secondary and primary sources
  • Work in small groups
  • Develop research and presentation skills
  • Develop a cross-disciplinary and collaborative research and learning ethos
 
Assessment
  • 40% Presentation
  • 60% Essay