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MSc in Innovation Management and Entrepreneurship – THEMATIC MODULES

HOU > MSc in Innovation Management and Entrepreneurship – (IME) > MSc in Innovation Management and Entrepreneurship – THEMATIC MODULES

IΜΕ50 Introduction to Innovation and Entrepreneurship Theory and Practice

TM Code: IME50
ECTS Credits: 10
Type of TM: Compulsory
Semester offered: First (1st)
Language of instruction: English

Module Outline

Objective and Scope:

This TM aims to introduce students to key concepts in innovation management such as “technology”, “invention”, “innovation”, “open innovation”, “entrepreneurship”, “business model” etc., as well as to identify and discuss the basic types and forms of innovation and their implications in shaping new markets and industries. Through the study of scientific articles and case studies, the TM discusses how and why innovation and entrepreneurship are important for the development and growth of businesses and organizations. Different models of innovation management eminent in the modern business environment are also discussed.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Understand key concepts around innovation and entrepreneurship
  • Identify the basic types and forms of innovation
  • Comprehend the dynamics of innovation in the evolution of industries and markets
  • Understand the notion of “business model” and identify different business models in operation
  • Comprehend the concept and applications of “open innovation”

Prerequisites: There are no prerequisites for this Thematic Module.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade. 

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME51 Strategic Innovation Management

TM Code: IME51
ECTS Credits: 10
Type of TM: Compulsory
Semester offered: First (1st)
Language of instruction: English

Module Outline

Objective and Scope: The aim of the Thematic Module is to offer students a deeper understanding of the impact of innovation on the competitive position of companies. The module also discusses the strategic management of innovation and the methods to implement these strategies. The module examines how entrepreneurs can shape their strategy to build and introduce innovations to the market. Many of the examples also focus on how well-established companies can become more entrepreneurial in their approach to innovation.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Acknowledge an organizational environment that rewards innovation and entrepreneurship
  • Design appropriate procedures for promoting innovation
  • Manage the internal and external sources of ideas and knowledge for innovation
  • Understand the challenges that companies face in their innovation activity and the choices they need to make to address them.

Prerequisites: There are no prerequisites for this Thematic Module.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade. 

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME52 New Venture Creation and Business Planning

TM Code: IME52
ECTS Credits: 10
Type of TM: Compulsory
Semester offered: First (1st)
Language of instruction: English

Module Outline

Objective and Scope:

The objective of this Thematic Module is to introduce students to modern approaches in creating new businesses. It focuses on identifying, evaluating, developing and exploiting a business opportunity related to a new technology or social innovation. Techniques for evaluating an idea, finding the right technology, identifying benefits for customers, and adapting to potential markets are presented. The Thematic Module also familiarise students to the purpose and development of business planning.

Learning outcomes: Upon successful completion of the module students will be able to:

  • Understand the difference between an idea and a business opportunity
  • Formulate a value proposition
  • Establish an evaluation process to determine the feasibility and viability of a business opportunity
  • Understand the importance of business planning and the development of a sustainable business model
  • Recognize the stages of development of a start-up

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade.

Prerequisites: There are no prerequisites for this Thematic Module.

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

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IME53 New Product Development

TM Code: IME53
ECTS Credits: 10
Type of TM: Compulsory
Semester offered: Second (2nd)
Language of instruction: English

Module Outline

Objective and Scope:

The aim of the thematic module is to present the basic stages of the new product development process. The changing nature of today’s market has created an environment where flexibility, innovation and collaboration have become the cornerstones of an organization’s ability to compete. The module explains how increased complexity in product and service design can be addressed by focusing on the characteristics of large (established) firms, as well as of smaller firms and start-ups.

Content:

The module aims to cover the following areas:

  • The need for a structured approach to the development of new products and services
  • Product and Process Innovation
  • The stage gate process
  • The stage gate process in an agile world
  • Idea Generation
  • Evaluating ideas
  • Developing ideas
  • New product development and openness
  • Integrating with the supply chain
  • Learning from failure
  • Prototyping and Testing

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Explain the stages of developing a new product.
  • Understand the role of services in the creation of value
  • Analyse the role of customers, suppliers and other external stakeholders in the development of new products.
  • Implement the tools used in the development of new products, such as the voice of the customer and quality function deployment.
  • Understand the challenges in developing new products in different sectors.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade.

Prerequisites: There are no prerequisites for this Thematic Module.

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME54 Managing Innovative Projects

TM Code: IME54
ECTS Credits: 10
Type of TM: Compulsory
Semester offered: Second (2nd)
Language of instruction: English

Module Outline

Objective and Scope:

The objective of this thematic module is to present the procedures used in the management of innovation projects characterized by a high degree of risk and uncertainty. The modules draws on the innovation processes discussed at IME50 and IME51 and describes how project management techniques can guide a new venture in achieving its strategic goals.

Content:

The module aims to cover the following areas:

  • Project Management and Creativity
  • Stakeholder Management
  • Project Selection
  • Scope Management
  • The Waterfall Model
  • Planning with waterfall Methods
  • The Agile approach to managing projects
  • Planning with agile methods
  • Managing teams and leadership
  • The role of the supply chain
  • Risk Management

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Explain the methods used in developing projects,
  • Select the most appropriate approach for different types of projects.
  • Understand the various concepts and terms of project management.
  • Develop a cohesive plan for the development of innovative projects.
  • Implement the principles of managing project for the conversion of an idea to a commercial product/service/process.
  • To select and manage the project team.
  • Understand the characteristics and challenges in leading a project.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade.

Prerequisites: There are no prerequisites for this Thematic Module.

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME55 Technology Commercialization

TM Code: IME55
ECTS Credits: 10
Type of TM: Compulsory
Semester offered: Second (2nd)
Language of instruction: English

Module Outline

Objective and Scope:

The purpose of this thematic module is to present the techniques and mechanisms that an organization can use to generate commercial value from a new technology. Research and Development (R&D) departments, start-ups and universities often create new technologies with significant promise to change business and customer behavior. However, they are often abandoned and fail to reach the market. This section will explore the main pitfalls of these efforts and explore what techniques and mechanisms can be applied to increase the chances of market success.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Understand the basic concepts around the commercial exploitation of technology
  • Identify the main obstacles to successful technology commercialization
  • Evaluate the technologies that are most likely to support innovations in the market
  • Discuss the main techniques and mechanisms for the commercialization of a new technology
  • Understand and apply industrial property protection strategies

Prerequisites: There are no prerequisites for this Thematic Module.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade. 

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME60 Design Thinking

TM Code: IME60
ECTS Credits: 10
Type of TM: Elective
Semester offered:Third (3rd)
Language of instruction: English

Module Outline

Objective and Scope:

This thematic module discusses the concept of Design Thinking and the tools and techniques associated with it. Design thinking is a systematic and collaborative process that combines observation, synthesis, search and creation of alternatives, critical thinking, feedback, creativity in problem solving and value creation.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Understand the process of design thinking and its application in business
  • Identify how to observe, collect information and turn it into useful insights that will guide their endeavors

Prerequisites: There are no prerequisites for this Thematic Module.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade. 

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME61 Digital Transformation

TM Code: IME61
ECTS Credits: 10
Type of TM: Elective
Semester offered:Third (3rd)
Language of instruction: English

Module Outline

Objective and Scope:

This thematic module aims to provide an understanding of the importance and processes of Digital Transformation and of the underlying technological changes associated with it. Digital Transformation radically changes the way core businesses are organised and operate, enhancing their competitiveness. Reference is made to digital transformation case studies occurring in critical sectors of the economy, such as shipping, tourism, transport, and banking.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Understand the changes in technology and the way work is organized as a result of digital transformation.
  • Understand how digital technologies, such as those used for analytics and for social media, can be utilized for supporting business activity.
  • To contribute to the development of digital strategies for the utilization of modern technologies and business models.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade.

Prerequisites: There are no prerequisites for this Thematic Module.

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME62 Sustainable Innovation & Entrepreneurship

TM Code: IME62
ECTS Credits: 10
Type of TM:Elective
Semester offered:Third (3rd)
Language of instruction: English

Module Outline

Objective and Scope:

The aim of this thematic module is to introduce students to the principles of sustainable business. The term sustainable business refers to companies whose strategies and practices eliminate or dramatically reduce the negative impact on the environment and on public health. Students will understand the tools, concepts and methods used in developing sustainable business opportunities.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Understand the importance of “green” business planning and the development of “green” business models
  • Recognize the complex socio-economic changes required to develop innovation and entrepreneurship in the green economy
  • Understand different business strategies in the ‘green’ economy and the ways they are designed and implemented.

Prerequisites: There are no prerequisites for this Thematic Module.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade. 

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IME63 The Human Factor in Innovation

TM Code: IME63
ECTS Credits: 10
Type of TM: Elective
Semester offered:Third (3rd)
Language of instruction: English

Module Outline

Objective and Scope:

This thematic module aims to present the key Human Resource Management issues that arise regarding the innovation activity at the individual, team and business level. Innovation more than often requires the establishment of interdisciplinary working groups. In this context, motivating, coordinating, organizing and rewarding participants are important components in fostering innovation in organizations.

Learning outcomes:

Upon successful completion of the module students will be able to:

  • Understand the functions and tools of Human Resources Management in the innovation process
  • Accommodate Human Resource Management practices to enhance the innovation potential of interdisciplinary teams.

Prerequisites: There are no prerequisites for this Thematic Module.

Evaluation: Completion of written assignments during the academic semester which constitute a 40 percent of each student’s grade, if a pass is obtained in the final or repetitive examination. Final exam grades constitute a 60 percent of the students’ final course grade. 

Method of Instruction: Distance learning using the Distance Education Platform of HOU and conducting online Group Tutorial Meetings (on-line TMs).

IMEDE MSc Dissertation

TM Code: IMEDΕ
ECTS Credits: 30
Type of TM: Elective
Semester offered:Third (3rd)
Language of instruction: English

Module Outline

General Description:

The elaboration of an MSc Dissertation is one of the most creative challenges of the IME Programme and aims to synthesize the knowledge acquired during the Thematic Modules. It offers students the opportunity to demonstrate that they have the ability to apply the knowledge gained during their studies and to conduct in-depth research on a topic of their choice and interest related to the objectives of the program, under the guidance of a supervisor. The purpose of the MSc Dissertation should be clear and should revolve around the following questions:

  1. Why is the chosen topic important from an academic point of view?
  2. Why is the subject of practical interest?
  3. What are the expected results and/or benefits?

The MSc Dissertation of the Postgraduate Program “Innovation Management and Entrepreneurship” must be written in English.

The MSc Dissertation is meant to combine and utilize the knowledge students have acquired over the course of their studies.

Students may propose a topic of their choice for their MSc Dissertation, based on the wider subject matter of the postgraduate studies program. Students must prepare the final topic and description of the MSc Dissertation in collaboration with the counselor.

Indicative topics may combine two or more of the following broad thematic research areas:

  • Innovation and Entrepreneurship: Theory and Practice
  • Strategic Innovation Management
  • New Venture Creation and Business Planning
  • New Product Development
  • Managing Innovative Projects
  • Technology Commercialization
  • Design Thinking
  • Digital Transformation
  • Sustainable Innovation & Entrepreneurship
  • The Human Factor in Innovation

Learning outcomes:

Upon completion of their Postgraduate Diploma Thesis, students will be able to:

  • Synthesize the knowledge acquired during the Thematic Modules
  • Demonstrate that they have the ability to apply the knowledge gained during their studies and to conduct in-depth research on a topic of their choice and interest
  • Research, compile, verify, and critically assess information, and effectively organize and present it
  • Effectively and creatively utilize internet/digital tools/media to draft/edit/distribute their texts
  • Critically and responsibly utilize both primary and secondary sources

General Regulation for the Preparation of Master’s Theses in postgraduate programmes with a six-month duration.

For more information regarding the Specifications – Useful Material for writing Master’s Theses and uploading a Thesis at the H.O.U. Repository, you can go to the Digital Training Area http://courses.eap.gr and especially to the Program of Studies section.

Prerequisites: The presentation/defence of the MSc Dissertation takes place after the successful completion of all the six compulsory thematic modules of the IME Programme

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