Full time 12 Month(s)
This programme provides you with the strong interdisciplinary grounding and key practical skills needed to empower you to become an effective entrepreneur and innovator.
It combines cutting-edge theory with applied practical experience, including entrepreneur mentoring and shadowing, business plan competitions, global case study competitions, inspiring masterclasses and a variety of entrepreneurial challenges. The programme offers access to broad business networks thanks to the Entrepreneurs in Residence programme and close collaborations with the Lancaster University Enterprise Centre.
Due to our academic excellence and emphasis on practice, this is the perfect programme if you have the potential to succeed in starting a new business, becoming an ‘intrapreneur’ and innovator, leading a family business to the next level, or, more broadly, becoming an agent of innovation and change.
The programme is designed for both business graduates and graduates from other disciplines. Work experience is desirable.
You will study a range of modules as part of your course, some examples of which are listed below.
This module is concerned with the critical choices that organisations face in order to survive and gain sustainable competitive advantage in an international environment with rapid economic, regulatory and technological changes. To understand and critically evaluate these choices and their strategic dimension requires analysis of the environment in which multinational enterprises operate as well as the creation of know-how value at a business and corporate level.
In our current age the word ‘entrepreneurship’ has come to signify developments which result in the emergence of new and innovative products and services.
In this module you will learn about where the terms entrepreneur and entrepreneurship have come from, and how the power of entrepreneurial behaviour can be directed at a range of economic, social and environmental problems and opportunities.
The module combines formal lectures, practical workshops and a masterclass focusing on taking a small firm global. Topics covered include, the emergence of entrepreneurship as a field, new venture creation, business failure and societal entrepreneurship.
Introduces the process of conceptualising and preparing for the launch of an entrepreneurial venture.
Specific skills that you will develop throughout this module include market research and analysis, sales forecasting, the development of financial statements, and an integrated view of all aspects of creating a new business.
This module equips students with knowledge about business planning for venture creation—knowledge that is also useful for business growth and innovative activities in established companies.
This module helps you understand the challenges involved in managing the innovation process, especially in the small business context. You will explore the role of innovation in enabling firms to generate competitive advantage and the problems faced by firms in performing innovation activities.
The module will advance your critical thinking, trigger your curiosity but at the same time develop a solid foundation for making innovative decision and approach to real business problem.
This module allows you to fully immerse yourself in the process of idealizing and launching a venture. It is designed to build on previous modules and to give you a comprehensive experience of entrepreneurship.
You will first learn from others how they have started and the best approaches to launch your venture. Including site visits and learning from Entrepreneurs-in-Residence you will immerse yourself in the exciting and thriving life of invited entrepreneurs.
Building on this learning you will then be equipped to participate on our Entrepreneurial Challenge. As you will be expected to learn through the experience of actually launching a venture this course is both challenging and exciting and involves talking to customers, partners, competitors, experimenting with different business models, validating a market need through customer development, and building all facets of creating a venture.
Family enterprises are the most prevalent form of business organization in the world, ranging from start-ups to large multinational family business groups.
In this module, you will learn how to work entrepreneurially and professionally in family firms in order to achieve long-term growth and performance. The module combines formal lectures, talks from international guests, and a biweekly Case Study Lab where you will interact with family business leaders and consultants to address real family business cases.
Topics covered include governance, strategy, innovation, leadership succession, family dynamics, professionalization and stakeholder management.
Companies increasingly realize that a creating and sustaining a competitive edge requires them to think and act like entrepreneurs. Many companies therefore equip selected employees with the space and resources to become intrapreneurs. Other companies see the spawning of corporate spin-offs as an integral part of their strategy.
This module is a theory-led and practice-oriented primer on corporate entrepreneurship.
It provides you with knowledge useful for anyone aiming at working (or researching) in the field of corporate innovation and entrepreneurship or at pursuing an entrepreneurial career.
To boost company growth - may it be start-ups or established corporations, companies have to engage in 'new' activities, including entering markets overseas and/or exploiting new technologies. In this module, you will learn more about how and why companies decide to internationalise as well as successfully identify and exploit business ideas based on new technologies and effectively integrate new technologies into their value chains.
The course will blend state-of-the-art research insights with practice-oriented elements, such as field trips and guest lectures.
In this module you will interact with a real problem faced by small firms, allowing you to draw on your growing skills in innovation strategy and learn more about how to exploit and evaluate innovation in practice.
You will work closely with small business owners in solving their innovation problem. Through this experience, you will develop a solid understanding of how to trigger innovative ideas and learn why certain organisations are more creative than others.
The module will encourage you to gain practical skills in critically examining the impact of innovation on firm's internal processes and particularly why links need to be made between innovative ideas and other business activities.
You undertake a sustained piece of independent research which you then write up for your dissertation. The Research Project is the culmination of your studies and allows you to develop a project around your own interests.
You can choose between two types of project: a company project which will provide valuable skills and experience for your future career in industry or will allow you to draw up a full business plan for a potential new venture. It can also be a pure research project which could provide the basis for further study at PhD level.
In both cases you will have an academic supervisor to guide and advise you on the development of your work.
This module aims to provide a broad overview of qualitative and quantitative approaches as used in management research, together with an understanding of the different research paradigms operating within the research fields of business and management and the acquisition of transferrable research skills.
This module prepares you for the independent research you will undertake for your final research project. It introduces you to a range of quantitative and qualitative research techniques, and focuses on both the philosophical and practical issues involved in conducting research.
Entrepreneurial Finance is primarily designed for students who plan to get involved with a new venture at some point in their career – as a founder, early employee, advisor, or investor. However, the module is also appropriate for students interested in gaining a broader view of the financing landscape for young firms, going beyond the basics of venture capital and angel financing to look at venture debt, bank finance, corporate venture capital and receivable financing. It covers both the investment and the financing decision – the decision to launch or invest in a new venture and how a new venture may be financed. It develops the theory underlying key issues faced by entrepreneurs: should be invested in a specific business development, how much money should be raised at different stage of business development, when should it be raised, what is a reasonable valuation of the company, and how should funding be structured.
Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.
Duration: 12 months full-time.
Designed for: Graduates interested in starting their own business, work as an intrepreneur and innovator in an existing company, take over a family business or work in entrepreneurship and innovation-related fields (e.g. consulting or public support programmes)
Undergraduate Degree: 2:1 (Hons) degree (UK or equivalent) in any subject. If you have studied outside of the UK, you can check your qualifications at International Qualifications:
Additional requirements: Work experience is not required, but it is helpful to mention any relevant experience in your application.
English language: IELTS: Overall score of at least 7.0, with no individual element below 6.0 We consider tests from other providers, which can be found at English language requirements
If your score is below our requirements we may consider you for one of our pre-sessional English language programmes:
10 week- Overall score of at least 6.0, with no individual element below 5.5 For details of eligibility see: Pre sessional programmes 4 week- Overall score of at least 6.5, with no individual element below 6.0 Further information is available at English for Academic Purposes
Funding: All applicants should consult our information on fees and funding.
Further information about the programme: Please see our website
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