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ENTREPRENEURSHIP & INNOVATION (ILM UK CERTIFIED)

Course Objective

The course will enable participants to
• Develop entrepreneurial energy and a culture of innovation in your company
• Learn how to collaborate effectively with other players and specialists both inside and outside of your organization, and
within specific ecosystems
• Identify opportunities, develop business plans and capture created value
• Fund and develop new business ventures

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Entrepreneurship & Innovation (ILM UK Certified)

The course seeks to introduce the concepts of enterprise, innovation, small business and their interrelationships. It aims to provide a guide to the key facts, ideas, theories and thinking about enterprise and innovation, to look at their relationship to small businesses and to consider the methods that are taken to promote and finance them.
The word enterprise is used in a variety of contexts with a wide range of meanings. Within this range, there are narrow meanings of the word specifically related to business and there are wider meanings indicating a way of behaviour that can apply in a variety of contexts, including business. The narrower meanings are closely associated to entrepreneurship, and in turn, the concepts of enterprise and entrepreneurship embrace much that would be considered to be expressions of small business activity.
Management research confirms that innovative firms – those that are able to use innovation to improve their processes or to differentiate their products and services – outperform their competitors, measured in terms of market share, profitability, growth or market capitalisation.
However, the management of innovation is inherently difficult and risky: most new technologies fail to be translated into products and services, and most new products and services are not commercial successes. In short, innovation can enhance competitiveness, but it requires a different set of management knowledge and skills from those of everyday business administration.

Who Should Attend?

• Entrepreneurs, • Business owners, • Government workers, • Undergraduate and Post-graduate students, • STEM related professionals/Individuals.

Course Objective

The course will enable participants to
• Develop entrepreneurial energy and a culture of innovation in your company
• Learn how to collaborate effectively with other players and specialists both inside and outside of your organization, and
within specific ecosystems
• Identify opportunities, develop business plans and capture created value
• Fund and develop new business ventures

Learning Outcomes

• Be able to define innovation in the context of the entrepreneurship process
• Apply various tools, techniques and theories within the disciplines of strategy, marketing, finance, policy and operations to
contexts of Entrepreneurship and Innovation
• Evaluate the contribution of firm sizes to the Entrepreneurship and Innovation process
• The identification and analysis of the various factors that innovative entrepreneurs face in developing the idea from
inception
• An evaluation of policy initiatives that have been developed to enhance Entrepreneurship and Innovation
• Critically evaluate the different theoretical approaches to the disciple
• Understand the qualities required to develop Entrepreneurship & Innovation in business
• Critically evaluate the different theoretical approaches to the disciple
• Understand the qualities required to develop Entrepreneurship and Innovation in business.

Course Modules
1.0 Introduction
2.0 Innovation
2.1 Understanding the framework of Innovation
2.2 Understanding the process and types of Innovation
2.3 Understanding innovative firms
2.4 Sources of Innovation – Inspiration
2.5 Marketing Strategy
3.0 Entrepreneurship
3.1 Ideas, Opportunities and Innovation
3.2 Packaging up opportunities
3.3 Sources of Entrepreneurship ideas
3.4 Resource Requirements
3.5 Entrepreneurial Team
3.6 Entrepreneurial Strategy
3.7 Entrepreneurial Finance
3.8 Entrepreneurial Case studies and live examples
3.9 Assignments
4.0 Breakout Sessions

Duration: 2 Days

Delivery:

Course delivery is by Industry experts through lectures and practical sessions applying the various relevant international standards and codes.

Certification:

At the end of the course and upon completion of required assignments, participants will receive both a Certificate of Participation from Lonadek and the Institute of Leadership & Management (ILM), UK

Date(s)

14th – 16th October 2019

Start End Month Year
14th 16th October 2019

Venue