Faculty: INSTITUTE OF GRADUATE PGROGRAMS This major provides a comprehensive understanding of the principles and practices of entrepreneurship and innovation management, focusing on the creation, development, and growth of new ventures. Students will explore key topics such as opportunity recognition, business model development, innovation strategies, and venture financing. The major emphasizes the integration of theoretical knowledge and practical skills to prepare students for careers in entrepreneurship, innovation management, and business leadership. **Learning Objectives:** - Understand the fundamental principles of entrepreneurship and innovation management and their role in driving economic growth. - Develop skills in identifying and evaluating business opportunities. - Learn techniques for developing and validating business models. - Explore the principles of innovation strategies and their application in various industries. - Understand the process of venture financing and resource acquisition. - Analyze the challenges and opportunities of working in the field of entrepreneurship and innovation. - Develop critical thinking and problem-solving skills to address contemporary entrepreneurial challenges. **Major Outline:** 1. **Introduction to Entrepreneurship and Innovation Management** - Overview of entrepreneurship and innovation management, its history, and its significance in the global economy. 2. **Opportunity Recognition and Evaluation** - Fundamentals of identifying and evaluating business opportunities. - Techniques for conducting market research and feasibility studies. 3. **Business Model Development** - Principles of business model development, including value proposition, customer segments, and revenue streams. - Techniques for creating and validating business models using tools like the Business Model Canvas. 4. **Innovation Strategies** - Study of innovation strategies, including disruptive innovation, open innovation, and design thinking. - Techniques for fostering a culture of innovation within organizations. 5. **Venture Financing and Resource Acquisition** - Fundamentals of venture financing, including bootstrapping, angel investing, and venture capital. - Techniques for preparing and pitching to investors. 6. **Entrepreneurial Marketing and Sales** - Principles of entrepreneurial marketing, including branding, digital marketing, and customer acquisition. - Techniques for developing and executing effective marketing strategies. 7. **Managing Growth and Scaling** - Study of growth strategies and scaling operations for startups and small businesses. - Techniques for managing organizational growth and overcoming scaling challenges. 8. **Emerging Trends in Entrepreneurship and Innovation** - Impact of emerging trends, such as social entrepreneurship, fintech, and sustainability, on entrepreneurship and innovation. - Techniques for integrating new trends into entrepreneurial ventures and innovation strategies. **Assessment Methods:** - Business plans and pitch presentations to evaluate entrepreneurial skills. - Written assignments and research papers to assess knowledge of innovation management principles. - Participation in group discussions and debates on contemporary entrepreneurial issues. - Case studies and startup simulations to apply theoretical knowledge to real-world entrepreneurial challenges. **Recommended Textbooks:** - "The Lean Startup" by Eric Ries. - "Business Model Generation" by Alexander Osterwalder and Yves Pigneur. - "Innovation and Entrepreneurship" by Peter F. Drucker. **Prerequisites:** Basic knowledge of business, management, and economics is recommended. This major is suitable for students in business, engineering, technology, and related fields. **Major Duration:** Typically, this major runs for four academic years, with a combination of lectures, case studies, and practical exercises. **Certification:** Upon successful completion, students may receive a degree in Entrepreneurship and Innovation Management, depending on the program and institution. **Target Audience:** This major is designed for undergraduate and graduate students in business, engineering, technology, and related fields, as well as professionals seeking to enhance their skills in entrepreneurship and innovation management. This major prepares students and professionals to excel in the field of entrepreneurship and innovation, leveraging theoretical knowledge, practical skills, and an understanding of emerging trends to create and grow successful ventures and drive innovation in various industries.