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Innovation and Entrepreneurship [1]

Paper Code: 
MIB 321
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This paper attempts to equip the students with the knowledge of the basic principles and functionalities of Entrepreneurship and Innovation. The course will prove to be helpful for the students in learning to expedite the entrepreneurial & Innovative functions in corporate arena.

 

Learning outcomes: On completion of this paper/course students will-

 

  • Develop an understanding about Entrepreneurship and Entrepreneur.
  • Understand the various aspects and concepts of innovation and creativity.
  • Learn various mechanisms to build a successful business plan.
  • Understand the feasibility of a business plan and learn securing and managing financial resources in organizations.  
  • Learn the framework of Product protection and government of India schemes for entrepreneur’s support.

 

12.00
Unit I: 

Entrepreneurship: Definition, features, concepts, nature, functions and significance.

Entrepreneur: Concept, characteristics, types, functions, role and significance. Entrepreneur vs. Manager.

12.00

Innovation:

Definition, classification, Innovative models, Product, process, organizational and marketing innovation and their role in business development, Sources of innovation (push, pull, analogies), transfer of technology.

Creativity:

Creative Thinking, Barriers to creativity, Creative process, Techniques for improving creative process. 

12.00

Building The Business Plan:

Designing a competitive business model and building a strategic plan, crafting a winning business plan, Forms of Business ownership. 

12.00

Feasibility Planning:

Concept of planning, Four stage growth model, conducting feasibility analysis.

Sources of finance:

Institutional finance to entrepreneurs.

12.00

Product Protection: Patents, Trademarks and Copyrights:

Patents, Types of patents, Disclosures, The patent process, Patents in perspective, Trademarks, copyrights, Intellectual Property rights.

Government of India Schemes for Innovation and Entrepreneurship:

Startup India, Make in India, AIM, STEP, Jan Dhan- Aadhaar- Mobile (JAM), Digital India, BIRAC, DST, TREAD, National Skill Development Mission.

Essential Readings: 
  • Zimmerer W. Thomas, Scarborough M. Norman, Essentials of Entrepreneurship and small business management, PHI learning private limited, New Delhi, 2011.
  • Holt D.H. Entrepreneurship new venture creation.
  • S.S. Khanka, Entrepreneurship Development, S.Chand Publications, New Delhi.
  • Vasant Desai, Fundamentals of Entrepreneurship and Small Business Management, Himalaya Publications
  • E. Gordon & K. Natarajan, Entrepreneurship Development, Himalaya Publications.

 

ACADEMIC YEAR: 
2021-2022 [2]

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Source URL: https://www.foreigntrade.iisuniv.ac.in/courses/subjects/innovation-and-entrepreneurship-1

Links:
[1] https://www.foreigntrade.iisuniv.ac.in/courses/subjects/innovation-and-entrepreneurship-1
[2] https://www.foreigntrade.iisuniv.ac.in/academic-year/2021-2022