Innovation & Entrepreneurship for New Business Models

The details
Essex Business School
Colchester Campus
Postgraduate: Level 7
Sunday 25 April 2021
Friday 02 July 2021
10 October 2019


Requisites for this module



Key module for

MBA N20012 The Essex MBA,
MBA N200JS The Essex MBA,
MBA N200MO Business Administration,
MBA N20E24 The Essex Executive MBA,
MBA N20E36 The Essex Executive MBA,
MBA N20EJS The Essex Executive MBA

Module description

This advanced 10 credit module provides students with the frameworks and the skills to lead innovative projects and ventures within an organisational setting and a critical understanding of economic, sociological, psychological and managerial theories of enterprise creation and development and their application in the world of business. The focus is on the formation of new ventures, product/process/service/business model innovation, and their impact on economic and social development in different environments.

Module aims

This module provides the necessary theoretical framework for the study and the practice of entrepreneurship, defined as new venture creation and innovative growth relating to different types of organisations and environments. The module will provide the critical, theoretical underpinning for the study and investigation of enterprise development and the three critical components of entrepreneurship:

• Entrepreneurial People;
• Entrepreneurial Organisations; and
• Entrepreneurial Environments

It will also provide insights into and models for the practice of entrepreneurship and innovation in different organisational and economic environments.

Module learning outcomes

On successful completion of this module, students should be able to:

• 1. demonstrate a critical understanding of different theoretical approaches to small business and new venture creation, growth and maturity in different spatial contexts;
• 2. explain conceptual issues on entrepreneurship and its links with innovation clearly and concisely and how these concepts help us better understand economic and social development;
• 3. evaluate and explain the relationship between different types of new ventures, as in new small firms, corporate entrepreneurship, new ventures within public and not-for-profit organisations in different countries, and develop relevant business models for their growth;
• 4. develop realistic ideas for engaging with new business creation and growth in different environments;
• 5. Identify opportunities for, and develop an innovative venture or project within an organisational setting.

Module information


Theories and Concepts
- The economics of entrepreneurship and innovation - entrepreneurship, enterprise, invention, discovery and innovation – social and economic perspectives
- Sociological explanations of new venture creation and growth;
- Entrepreneurial typologies and forms, and the psychology of entrepreneurship;
- Entrepreneurship and the Innovation process – new products, new processes, new business models and new organisations;
- - Entrepreneurial organisations: new firms, small firms, medium sized firms, large firms, networked firms, social enterprises
- Entrepreneurship and innovation in the global economy.
- Entrepreneurship and Economic and Social Development

Practical Components
Application of theories and concepts to policy making, organisational design and strategy, and community and individual development. Application of the Business Models Canvas to the development of new ventures

Learning and teaching methods

The following learning and teaching methods will be used to inform the pedagogic structure of the module: Lectures; Seminars; Discussion of case studies; Discussion of journal articles; Class exercises; Group based project work; Tutorials; Signposting to other support Self-study to develop individual and group action plans (including immersion activities, seminars and workshops); contact hours – 30 Details will be available in the Module Outline and on Moodle.


This module does not appear to have a published bibliography.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework   Individual Learning Journal  24/05/2021  25% 
Coursework   Individual Work based Project report  24/05/2021  75% 

Overall assessment

Coursework Exam
100% 0%


Coursework Exam
100% 0%
Module supervisor and teaching staff
Prof Jay Mitra, email:
Jay Mitra



External examiner

No external examiner information available for this module.
Available via Moodle
Of 265 hours, 0 (0%) hours available to students:
265 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information
Essex Business School

Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.