Innovation and Entrepreneurship

Paper Code: 
MFM 321
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives-

This paper attempts to equip the students with the knowledge of the basic principles and functionalities of Entrepreneurship and Innovation. The course will prove to be helpful for the students in learning to expedite the entrepreneurial & Innovative functions in corporate arena.

             Course Outcomes (COs):

Course

Learning outcomes (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

MFM 321

Innovation and Entreprene urship

CO105 Analyze the concept and functions of   Entrepreneurship and Entrepreneur.

CO106 Analyze and evaluate the various aspects and concepts of innovation and creativity.

CO 107 Distinguish and analyze various mechanisms to build a successful business plan.

CO 108 Analyze and evaluate the feasibility of a business plan and learn securing and managing financial resources in organizations.

CO 109 Analyze and evaluate the framework of various types of Product protection.

CO 110 Examine and identify the relevance of Government of India Schemes for Innovation and Entrepreneurship:

Approach in teaching:

Interactive Lectures, Group Discussion, Tutorials, Case Study

 

Learning activities for the students:

Self-learning assignments, presentations

Class test, Semester end examinations, Quiz, Assignments, Presentation

 

12.00
Unit I: 
Entrepreneurship & Entrepreneur

Entrepreneurship: Definition, features, concepts, nature, functions and significance.

Entrepreneur: Concept, characteristics, types, functions, role and significance. Entrepreneur vs. Manager.

12.00
Unit II: 
Innovation & Creativity:

Innovation:

Definition, classification, Innovative models,Product, process, organizational and marketing innovation and their role in business development, Sources of innovation (push, pull, analogies), transfer of technology.

Creativity:

Creative Thinking, Barriers to creativity, Creative process, Techniques for improving creative process.

 

12.00
Unit III: 
Building The Business Plan:

 

Designing a competitive business model and building a strategic plan, crafting a winning business plan, Forms of Business ownership. 

12.00
Unit IV: 
Feasibility Planning & Sources of finance

Feasibility Planning:

Concept of planning, Four stage growth model, conducting feasibility analysis.

Sources of finance:

Institutional finance to entrepreneurs

12.00
Unit V: 
Product Protection: Patents, Trademarks and Copyrights & Government of India Schemes for Innovation and Entrepreneurship

   Product Protection: Patents, Trademarks and Copyrights:

Patents, Types of patents, Disclosures, The patent process, Patents in perspective, Trademarks, copyrights, Intellectual Property rights.

   Government of India Schemes for Innovation and Entrepreneurship:

Startup India, Make in India, AIM, STEP, Jan Dhan- Aadhaar- Mobile (JAM), Digital India, BIRAC, DST, TREAD, National Skill Development Mission.

Essential Readings: 
  • Zimmerer W. Thomas, Scarborough M. Norman, Essentials of Entrepreneurship and small business management, PHI learning private limited, New Delhi, 2011.
  • Holt D.H. Entrepreneurship new venture creation.
  • S.S. Khanka, Entrepreneurship Development, S.Chand Publications, New Delhi.
  • Vasant Desai, Fundamentals of Entrepreneurship and Small Business Management, Himalaya Publications
  • E. Gordon & K. Natarajan, Entrepreneurship Development, Himalaya Publications.

 

Academic Year: 
2021-2022
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