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.

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

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 tuition fees for 2019/20 entry are:

  • £14,100 (UK/EU)
  • £25,500 (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 2019 entry

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

Programme modules

Our Entrepreneurship and Innovation Management MSc 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

Assessment consists of 100% coursework which is made up of:
  • Individual Reflective Essay (55%)
  • Team Project Report (40%)
  • Peer Evaluation (5%)

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

Assessment is made up of 1x 3,000 word report (100%).

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

On completion of this module, students should be able to:
  • Identify the varying and pervasive roles of entrepreneurship within economies
  • Understand the different contexts in which entrepreneurs operate
  • Appreciate the approaches developed by researchers in attempting to understand the entrepreneurial process
  • Posess a firm academic and empirical understanding of the dimensions and role of entrepreneurship in different entrepreneurial settings
  • Have the ability to interpret data and contextualize commentary and analysis relating to the field
  • Implement and demonstrate argumentation and research skills
  • Demonstrate effective report writing and presentation skills
  • Demonstrate resourcefulness and initiative to choose topics of interest and carry out data interpretation.

Assessment

  • Coursework (80%)
  • Research presentation (20%)

Strategy and Market Analysis

The aims of this module are to equip students with the necessary academic insights about and be able to reflect critically on organisations positioning in their competitive environment and assessing companies' preparedness for facing competition.

By the end of this module students will be able to perform a critical analysis of the competitive environment that an organisation  faces; critically analyse companies' preparedness to face competition and ability to develop to grow, including internationally. Students will be able to critically understand and use SWOT, DPEST and Porter models as well as use insights from game theory, which will allow students to develop insights about the strategic challenges and opportunities that companies face.

The module will draw on key theories in strategic management, building on the latest academic insights, and address topics such as: company positioning, internationalisation strategies, alliances, organising strategically, industry architecture and dynamics, understanding which strategies can be used under what competitive circumstances.

Learning outcomes

On completion of this module students should be able to:

  • Identify and critically assess the forces impacting on company strategies
  • Be critically aware of factors involved in strategy making
  • Assess the resources and constraints for strategy making in a competitive environment
  • Explain and critically reflect on the importance of social, economic, political and technological forces in a company's environment
  • Critically investigate and reflect on the impact of internationalization company strategy
  • Identify key drivers of companies' competitive positioning
  • Critically analyse companies' preparedness to face competition and ability to develop to grow, including internationally
  • Synthesise information from appropriate sources
  • Demonstrate effective communication to persuade and influence stakeholders
  • Demonstrate effective report writing skills
  • Select and use appropriate investigative research skills.

Assessment

Assessment is made up of 100% coursework assignment (3,000 words).

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

  • Group Presentation (50%)
  • Case study (50%)

Understanding Organisational 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 aims of this module are to:
  1. Examine organisational failure, the threat of failure, and their effects at various levels of analysis and key stages in the organisational life cycle
  2. Identify the underlying logics and social, economic and political contexts that define and shape organisational success and failure
  3. Analyse the role, responsibility, and accountability of various organisational stakeholders in contributing to or preventing organisational failure

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

  • Peer reviewed tutorial participation (10%)
  • Case study (90%)

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:
  • Research proposal (10%)
  • Dissertation report (90%)

Optional modules (choose one)

New Venture Creation

The aims of this module are to equip students with background knowledge of business planning and strategy execution with simulated experience of running a company. We will look at a variety of frameworks for assessing entrepreneurs, products, markets, industries and operations to understand the importance of thorough market/product analysis and the operation of a new venture and the dynamic nature of strategy. Conceptual foundations are matched with practical training to enable students to formulate and execute their business strategies.

Learning Outcomes

  • The complexity of running a new business
  • Critical assessment of a potential product or service
  • Strategic positioning of a product
  • Analyse data and information in order to make effective decisions
  • Recognise and apply self-reflection for personal development
  • Demonstrate rational use of business tools/frameworks to analyse company performance and implement decisions
  • Demonstrate effective communication to persuade and influence stakeholders
  • Select and use appropriate investigative and research skills
  • Demonstrate effective report writing skills
  • Work effectively in a team and demonstrate recognition of an individual contributions to a group activity
  • Demonstrate a positive attitude towards a commercial opportunity
  • Successfully manage a project from idea to completion.

Assessment

Assessment is made up of 1 x group report of 3,000 words (100%), which will be adjusted according to peer review feedback.

Business Statistics

By the end of this module you will be able to make informed assessments of the design and construction of quantitative data sources and their implications for analyses in support of business decisions. You will learn how to appropriately prepare and analyse quantitative data using statistical software and will apply and interpret a range of forms of statistical analysis competently.
 
The module will focus on concepts, methods and skills central to quantitative analysis, including data collection approaches and concept operationalisation. Coverage of techniques will extend from bivariate to multivariate analysis approaches, but also include techniques relevant to specific analytical goals (e.g. factor analysis, principal components analysis and cluster analysis).

Learning Outcomes

On completion of this module students should be able to:
  • Formulate quantitative research questions suitable to statistical analysis
  • Execute and evaluate basic statistical analyses
  • Identify questions requiring quantitative analysis
  • Identify data suitable for statistical analysis
  • Perform and evaluate the results of basic
  • Be able to identify threats to validity in existing quantitative research
  • Apply basic robustness improving techniques to ensure validity of quantitative research
  • Gain facility with general introductory level probability and statistics.

Assessment

  • Assignment (30%)
  • In-class test (70%)

Managerial Economics

This module will serve as the foundation of competitive strategy, by developing your understanding of economic profit drivers, firm competition, price discrimination, integration, and strategic interaction between firms and economic externalities. Topics will include market dynamics and surplus, production, competitive environments from monopoly to oligopoly to perfect competition, factor markets, vertical and horizontal mergers and integration, strategic interaction between firms and economic externalities in the context of public goods.

Learning Outcomes

On successful completion of the module, you should be able to:
  • Predict the effect of market forces on supply, demand and prices
  • Comprehend competitors' strategic response in decision making
  • Create pricing schemes to maximise profits
  • Evaluate the consequences of horizontal and vertical mergers
  • Critically analyse competitive environments for advantage
  • Identify key drivers of firms' competitive positioning
  • Recognise the role of and manipulating market forces for profitability
  • Ability to analyse press articles to understand economic consequences for firms in a competitive landscape
  • Development of strategic thinking, namely to consider how competitors will react to market manoeuvers
  • Critically reason over incentives in managing individual (e.g. consumer, employee or shareholder) behaviour.

Assessment

Assessment is made up of a 100%, 2 hour in-class test.

Optional modules (choose one)

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

  • Group Presentation (25%)
  • Case study (75%)

Family Businesses

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 business
  • a critical appreciation of the link between 'family' and strategic choices
  • a critical appreciation of family dynamics and the 'family' effect on the business
  • a critical appreciation of the approaches developed by researchers in attempting to understand family firms
  • a firm academic and empirical understanding of the dimensions and role of family firms 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 a positive attitude towards a challenge.

Assessment

  • Presentation (25%)
  • Essay (75%)

Creative Business Models

Teaching on this module will include: market analysis and research, risk analysis, strategy and positioning, finance, marketing, competitor and cooperative analysis, supply chain analysis, staffing, legal (including IP), governance, value proposition and revenue sources.
 
The aims of this module are to develop your awareness of the scope and diversity of business models within the creative industries and to develop your understanding of the relationships between business model innovation, technological advancement and creative industry evolution.

Learning Outcomes

On completion of this module you should be able to:
  • Critically reflect on and provide well-grounded analysis of the elements of a business model which contribute to success in the creative industries in the context of the wider business environment
  • Identify the creative industries and what makes them distinct from other kinds of businesses, with a particular focus on creativity and technology
  • Analyse the elements that constitute a business model through exploring the history of their development in the creative industries and subsequent innovation over time
  • Critically assess a potential product or service
  • Develop the strategic positioning of a novel business idea
  • Evaluate and critically determine the likely commercial opportunities and risks for the business model in an intended creative commercial environment
  • Identify key commercial drivers in different creative business models
  • Evaluate the business model elements required for financial success in a specific creative commercial environment
  • Apply critical analysis to existing creative industry business models and anticipate future relevant innovations due to marketplace trends
  • Interpret complex commercial environments
  • Demonstrate effective communication to persuade and influence stakeholders
  • Evaluate business needs for expert intervention
  • Demonstrate effective report writing skills
  • Demonstrate good oral communication and presentation skills
  • Demonstrate an ability to evaluate a commercial opportunity.

Assessment

  • Presentation (25%)
  • Coursework (75%)

Institutional Foundations of Capitalism and Entrepreneurship

By studying Institutional Foundations of Capitalism and Entrepreneurship, you will understand the nature the institutions that structure modern market economies. You will appreciate how key institutions interlock together to create circumstances for innovation, entrepreneurship and growth, alonside appreciating the importance of institutional analysis for economic and business policy-making.

This module aims to: provide students with an understanding of the institutions underlying modern market economies and of the institutional conditions that enable finance, innovation and entrepreneurship; introduce students to prominent multi-disciplinary approaches to the analysis of economic institutions; and introduce students to some key methods used for theoretical and empirical research in this area.

Learning outcomes

On completion of this module students should be able to:

  • Explain the general nature of institutions and organizations and their role in modern market economies
  • Describe the particular institutional features of property, markets, finance, corporations and states, and their functions in modern market economies
  • Compare and contrast the diverse and uneven evolution of these institutions in different countries
  • Critically evaluate some prominent but different approaches to the analysis of economic institutions
  • Identify the drivers of economic and business activity in modern market economies
  • Summarise the key roles of different institutions in modern market economies
  • Critically evaluate different theoretical approaches in the area
  • Grasp abstract concepts and deploy them in complex empirical circumstances
  • Develop some capacity for interdisciplinary research
  • Critically evaluate theories and methods used to analyse economic and business activity.

Assessment

Assessment consists of 100% coursework, broken down into two assignments (3,000 words in total).

Your personal development

The careers and employability support on offer at Loughborough University London has been carefully designed to give you the best possible chance of securing your dream role.

Loughborough University London is the first of its kind to develop a suite of careers-focused activities and support that is positioned as the underpinning of every student’s programme. Opportunities include employability assessments, group projects set by a real businesses and organisations, company site visits and organisation-based dissertation opportunities.

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, 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.

 

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 to see what assessments you can expect to undertake.

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