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2014/2015  BA-BSOCV1003U  Entrepreneurship and Innovation in a Global Perspective. Concepts, Development, and Challenges

English Title
Entrepreneurship and Innovation in a Global Perspective. Concepts, Development, and Challenges

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Quarter
Course period Second Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 70
Study board
Study Board for BSc in Business Administration and Sociology
Course coordinator
  • Alfred Reckendrees - MPP
The course is taught by Christina Lubinski (Associate Professor, MPP)

Administrative contact: Karina Ravn Nielsen - electives.mpp@cbs.dk or tel.: 38153782
Main academic disciplines
  • Innovation and entrepreneurship
  • Corporate and Business Strategy
  • Economic and organizational sociology
Last updated on 02-07-2014
Learning objectives
The course provides conceptes and skills to better understand the dynamics of business development by discussing contemporary and historical cases in connection to diverging theoretical approaches to entrepreneurship and innovation.
The students acquire knowledge about entrepreneurship in changing historical and institutional contexts and in different types of business organizations. They develop an understanding of how complex relations between individuals, organizations, and institutions, and inner-organizational relations and technology, influence entrepreneurial decision making and the process of innovation. They learn how internationally different institutional arrangements and cultures influence both entrepreneurship and innovation. The course deepens the understanding why and how entrepreneurial activity is important for economic development, and it provides insights about which type of economic activity can be regarded entrepreneurial.

On the practical level the students studying recent and historical cases of entrepreneurship and innovation in a global economy learn how entrepreneurs identify opportunities, how they overcome traditional markets and national borders, and how they create markets and business organizations in different national contexts.
The exam format of the course (the self-chosen proejct, the need for finding relevant literature, and the combination of empirical and theoretical knowledge) also prepares for the Bachelor project. This means, however, that project development is also demanding.
This course is not an instruction in setting up new business ventures.

In order to achieve Grade 12 the student must
  • prove evidence of a comprehensive knowledge of the concepts and theories used in the course
  • demonstrate a high level of command of the concepts and theories used and of their theoretical and practical implications
  • prove evidence of empirical knowledge regarding the cases and the institutional, social, and political environments
  • be able to evaluate complex business cases with respect to the theories of entrepreneurship and innovation used in the course.
Course prerequisites
Group discussions before class (reading and preparation requires appr. 4-5h per class).
Prerequisites for registering for the exam
Number of mandatory activities: 1
Requirements about active class participation (assessed approved/not approved)
Oral presentation and participation in a case workshop, week 47 (presentation, critique, discussion) (approved/not approved)
Examination
Entrepreneurship and Innovation in a Global Perspective. Concepts, Development, and Challenges:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Group exam, max. 4 students in the group
Individual assignments max. 10 pages
Size of written product Max. 20 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter Term
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure

Entrepreneurship and innovation changed the world and will continue to change the world. But what do entrepreneurs do? What is entrepreneurial behaviour? Can it be learned? What is innovation and how is it made? Is it possible to institutionalize entrepreneurship and innovation? How important is entrepreneurship for economic development?
The course operates on two levels. Level I is constituted of the analysis of comprehensive cases that are specifically written for the discussion of entrepreneurial activity and innovation. The cases cover different historical periods, different cultural environments and companies in different markets and of different size. The international and historical perspective allows for a better understanding of the importance of innovation and how radical entrepreneurial activity changed the world (cases include: Toyota, Microsoft, HP, Zara, GE, Edison, Estee Lauder, Wedgwood, Better Place, Ford, GM, 3M, Samsung, Procter & Gamble, Philips). - On the second level, the students will, first, reflect theoretical and conceptual approaches to entrepreneurship and economic development, entrepreneurial behaviour, corporate entrepreneurship (etc.) and second, approaches to innovation (e.g. types of innovation, processes of innovation, organization of innovation). Finally, the relationship between entrepreneurship and innovation and the concept of the innovative firm will be critically discussed. Throughout the course empirical cases and theoretical approaches are discussed in close relationship to each other.
Teaching methods
The course will be taught in 8 weeks (15 x 2h).
The course is based on case discussions; only some aspects of the course will be lectured. This implies that students how are not prepared when they come to class are not able to participate in the discussion and will not benefit from the course. Some of the case discussions will be group discussions or they may be based in students’ presentations.
During one workshop (week 47) the students will present a recent case of entrepreneurship and innovation participation in this workshop (group presentation, critique, discussion) is a requirement for participating in the exam.
Student workload
Lectures 30 hours
Lecture preparation 75 hours
Group presentation, preparation 15 hours
Project 95 hours
Miscellanea 10 hours
Further Information
Changes in course schedule may occur.
Monday 11.40-13.20 and Wednesday 8.00-9.40, week 44-51.
Expected literature
Tentative Literature:
The literature and cases will be provided in a compendium. Some cases must be downloaded from the Harvard Business School homepage.

Cases
BetterPlace _ Ofek, E. /A. Berkley Wagonfeld(2012). Speeding Ahead to a Better PlaceHBS case 9-512056
Cisco _ Jones, G. / Kiron, D. (2013): ‘Cisco goes to China: Routing an Emerging Economy’, HBS case 9805020.
Edinson _ Hargadon, A.B. /Y. Douglass (2001): ‘When Innovations meet Institutions: Edison and the Design of the Electric Light’, in: Administrative Science Quarterly 46, pp. 476-501.
Freddy _ Lindh de Montoya, M. (2000): ‘Entrepreneurship and Culture: The Case of Freddy, the Strawberry Man’, in: R. Swedberg (ed.), Entrepreneuership. The Social Science View, (Oxford: Oxford University Press), pp. 332-355.
General Electric _ Immelt, J.R. / V. Govindarajan, C. Timble (2009): ‘How GE is disrupting itself’, in: Harvard Business Review Okt. 2009.IBM _ Jones, G. / Brown, A. (2010): ‘Thomas J. Watson, IBM and Nazi Germany’, HBS case no. 9807133.
Google _ Edelmann, B. / Eisenmann, T.R. (2010): ‘Google Inc. (abridged), HBS case no. 9910032.
HP _ Burgelman, R. A. /P.E. Meza: Innovation at HP: The Role of the Innovation Program Office (IPO), Stanford Graduate School of Business case no. SM172.
Lean Production _ Womack, J.P. / Jones, D. T. (1994): ‘From Lean Production to the Lean Enterprise’, in: Harvard Business Review march/April 1994, pp. 94-103.
Music Industry _ ‘The Changing nature of the Music Industry, in: J. Bessant/J. Tidd (2011): Innovation and Entrepreneurship. 2nd ed. (Chichester: Wiley & Son), `pp. 46-49.
Nokia _ Sölvell, Ö. / Porter, M. (2008): ‘Finland and Nokia: Creating the World’s Most Competitive Economy’, HBS case 9702427.
Procter & Gamble _ ‘Connect and Develop’ at Procter & Gamble, in: J. Bessant/J. Tidd (2011): Innovation and Entrepreneurship. 2nd ed. (Chichester: Wiley & Son), pp. 263-267.
Samsung _ “Samsung: The next big bet”, in: The Economist, 1.10.2011.
Starbucks _ Koehn, N. F. (2005): ‘Howard Schulz and Starbucks Coffee Company’, HBS case no. 9801361.
Wedgwood _ Koehn, N. F. (1997): ‘Josiah Wedgwood and the First Industrial Revolution’, in: T. McCraw (ed.), Creating Modern Capitalism. How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions, (Cambridge: Harvard University Press), pp. 17-48 + notes.
Zara _ Ghemawat, P. /J.L. Nueno (2006): Zara: Fast Fashion, HBS case 703497.
3M _ ‘Innovation at 3M’, in: J. Bessant/J. Tidd (2011): Innovation and Entrepreneurship. 2nd ed. (Chichester: Wiley & Son), 566-570.
 
Concepts of Entrepreneurship and Innovation
Casson, M. (2010): 'Entrepreneurship: theory, institutions, and history. Eli F. Heckscher Lecture, 2009', in: Scandinavian Economic History Review 58: no. 2, pp. 139-170.
Kirzner, I.M (2009): ‘The alert and creative entrepreneur: a clarification’, in: Small Business Economics 32, pp. 145–152
Lazonick, W. (2005): 'The Innovative Firm', in: Fagerberg, D.C. Mowery, R.R. Nelson (ed.): The Oxford Handbook of Innovation (Oxford: Oxford University Press), pp. 29-55.
Porter, M. / Kramer, M.R. (2011): ‘Creating shared value’, in: Harvard Business Review Jan./Feb. 2011, pp. 3-17.
Porter, M. (1998): ‘Clusters and the New Economics of Competition’, in: Harvard Business Review Nov./Dec. 1998, pp. 77-90.
Rosenberg, N. (2000): ‘Innovators and “mere imitators” ‘, in: N. Rosenberg: Schumpeter and the Endogeneity of Technology: Some American Perspectives (London: Routledge), pp. 58-78, footnotes, pp. 113-116.
Schumpeter, J.A. (1942): ‘The Process of Creative Destruction Capitalism’, in: J.A. Schumpeter: Socialism and Democracy (London: Harper & Brothers), pp. 81-86.
Schumpeter, J.A. (1947): 'The Creative Response in Economic History', in: Journal of Economic History VII: 2, pp. 149-159.
Last updated on 02-07-2014