The UNCTAD Global Impact Master/MBA Project
DRAFT
A Module Outline Template
Module No.9
Global Entrepreneurship and Social Development: Theories and Practice
Module Handbook
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Global Entrepreneurship and Social Development: Theories and Practice
Credits - 10
MODULE OUTLINE
This compulsory module is concerned with enabling students to acquire information, knowledge and a critical understanding of economic,
sociological, psychological and managerial theories of enterprise creation and development and how they apply in practice in the world of
business and other organisations. The focus is on the formation of new businesses, innovative growth, and their impact on economic and social
development in different environments.
MODULE AIMS
This module provides the necessary theoretical and policy framework for the study of entrepreneurship, defined as new venture creation and
innovative growth relating to different types of organisations and environments. The module will provide the critical, theoretical underpinning
for the study and investigation of enterprise development and the three critical components of entrepreneurship:
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Entrepreneurial People;
Entrepreneurial Organisations; and
Entrepreneurial Environments
It will also provide insights into and models for the practice of entrepreneurship and innovation in different organisational and economic
environments.
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LEARNING OUTCOMES
On successful completion of this module, students should be able to:
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demonstrate a critical understanding of different theoretical approaches to small business and new venture creation, growth and maturity
in different economic and spatial contexts;
explain conceptual issues on entrepreneurship and its links with innovation clearly and concisely and how these concepts help us better
understand economic and social development;
evaluate and explain the relationship between different types of new ventures, as in new small firms, corporate entrepreneurship, new
ventures within public and not-for-profit organisations in different countries, and develop relevant business models for their growth ;
develop realistic ideas for engaging with new business creation and growth in different environments (A2, B1, C1, D1, D4, D6).
INDICATIVE CONTENT
Theories and Concepts
- The economics of entrepreneurship and innovation - entrepreneurship, enterprise, invention, discovery and innovation – social and economic
perspectives
- Sociological explanations of new venture creation and growth;
- Entrepreneurial typologies and forms, and the psychology of entrepreneurship;
- Entrepreneurship and the Innovation process – new products, new processes, and new organisations;
- Entrepreneurial organisations: New firms, Small firms, medium sized firms, large firms, networked firms, social enterprises
- Entrepreneurship and innovation in the global economy.
- Entrepreneurship and Economic and Social Development
Practical Components
- Application of theories and concepts to policy making, organisational design and strategy, and community and individual development;
- Case study Development and Development of framework for new projects through assignments and class/field work
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LEARNING AND TEACHING METHODS
The following learning and teaching methods will be used to inform the pedagogic structure of the module:
Lectures; Seminars; Discussion of case studies; Discussion of journal articles;
Class exercises; Group based project work; Field work; Tutorials; Signposting to other support
The lectures will be developed around the key concepts as mentioned in the indicative module content and will use a range of live examples and
cases from business practice to demonstrate the application of theoretical concepts.
The seminars will focus extensively on business case studies and selected journal articles. Cases are drawn from a variety of sources including
key business newspapers, journal articles, European Case Clearing House (ECCH) and Harvard Business Cases to encourage students to analyse
international business environment in different business contexts and develop strategic approaches in response to the case requirements. The
seminars are designed to help students to both develop and analyse case studies.
The class exercise will consist of individual and group work based on self-assessment questions and on other set tasks to provide students with
the opportunity to develop critical and practical problem skills. This will include field work where appropriate. Group work will centre round
case studies and projects which will be linked further to internship projects as appropriate.
The tutorials will aim to provide support to the students in the form of identifying barriers to learning and finding solutions, providing guidance
for preparing coursework, tracking progress through the use of worksheets and mopping up any other student-centred learning issues that may
arise. Note that class tutorials will be concerned primarily with lecture content issues. The generic tutorials, will deal with generic learning
issues covering for example, how to write essays, how to source relevant information for assignments and a range of other appropriate issues
concerning learning and studying.
Field work will include visits for data collection and interviews with policy makers and practitioners.
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FORMS OF ASSESSMENT
Assessment includes group based coursework (25%); individual essay (75%).
 Coursework – Group-based (25% of the total marks)
The assessed coursework component of the module will comprise an analysis of a case study or an agreed piece of project work. 3000 word
(maximum) essay.
Coursework accounts for 40% of the total mark. Coursework will allow students to demonstrate their knowledge and understanding of the key
concepts and theories discussed in weeks 1-8 of the module, testing their conceptual, analytical and written communication skills.
 Individual Essay (75% of the total marks)
The essay which accounts for 75% of the total marks for the module will test students on the basis of an in-depth and critical understanding of
key issues of entrepreneurship and innovation theory and their application to a specific policy, organisation strategy or individual/community
development programme.
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READING LIST
Essential Reading
Selected chapters from:
Entrepreneurship and Economic Development
Naude W. (2011) (ed); ‘Entrepreneurship and Economic Development, Basignstoke, Palgrave Macmillian
Mitra, J. (2012) ‘Entrepreneurship, Innovation and Regional Development’ Abingdon, Routledge
General Entrepreneurship
Kuratko, D.F. (2013) ‘Entrepreneurship: Theory, Process, Practice’, Ohio, South Western Cengage Learning
Bhide A. (2000) ‘The Origin and Evolution of New Businesses’ Oxford, Oxford University Press
Recommended Reading
Selected Chapters from:
Entrepreneurship and Development
Banerjee, A.V. and E.Dufflo (2010) ‘Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty’ New York, Public Affairs
Szirmai, A. W. Naude, and M. Goedhuys (2011) (eds); Entrepreneurship, Innovation and Economic Development, UNU-Wider Studies in
Development Economics, Oxford Oxford University Press
Acs, Z.J. and N. Virgill (2010) ‘Entrepreneurship in Developing Countries’, Foundations and Trends in Entrepreneurship, 6:1 Boston, Now
Chong, A. (ed) (2011), ‘Development Connections: unveiling the impact of new information technologies, London, Palgrave Macmillan
Krishna, A. (2011) ‘One Illness Away: why people become poor and how they escape poverty’, Oxford, Oxford University Press
O’Neill J. (2011) ‘The Growth Map: Economic Opportunity in the BRICS and Beyond’ New York, Portfolio/Penguin
Prahalad, C. K. and Hammond, A. (2005) What works: Serving the poor profitably, A private sector Strategy for global digital opportunity,
Markle Foundation, World Resources Institute
Leadbetter, C. (2014), ‘The Frugal Innovator: Creating on a Shoestring Budget’, Basingstoke, Palgrave Macmillan
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Entrepreneurship, Innovation and Policy
Mazzucato M. (2013) ‘The Entrepreneurial State’ London, Anthem Press
World Bank (2010); ‘Innovation Policy: a Guide for Developing Countries, Washington D.C, The World Bank
Nijsen, A., J. Hudson, C.Muller, Kv Paridon, R. Thurik (eds), (2009), Business Regulation and Public Policy: The Costs and Benefits of
Compliance’; New York; Springer
Entrepreneurship, Innovation and Growth
Schumpeter, J.A., (1994), ‘Capitalism, Socialism and Democracy’, London, Routledge.
Baumol, W. (2010) ‘The Micro theory of Innovative Entrepreneurship, Princeton, Princeton University Press
Bhide, A. (2008) ‘The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World’, Princeton, Princeton
University Press
Acs, Z.J. and D.B. Audretsch (2005) ‘Entrepreneurship, Innovation and Technological Change’ , Boston, Now Publishers
Acs, Z. (2008) ‘Foundations of High Impact Entrepreneurship’, Boston, Now Publishers
Audretsch, D. B. (2006) ‘Entrepreneurship, Innovation and Economic Growth’ Cheltenham, Edward Elgar
General Entrepreneurship
Gelderen, M., and E. Masurel (2012), ‚’Entrepreneurship in Context’, Routledge Studies in Entrepreneurship, (J. Mitra and Z. Acs (eds),
Abingdon, Routledge
Swedberg, R. (ed) (2000)’ Entrepreneurship: the Social Science View’ Oxford, Oxford University Press
Acs, Z.J. and D.B. Audretsch (2005) ‘Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction ’Springer
Casson, M. B. Yeung, A. Basu and N. Wadeson (2008), ‘The Oxford Handbook of Entrepreneurship’ Oxford, Oxford University Press
Hisrich, R.D.M.P. Peters and D.A. Shepherd (2006) ‘Entrepreneurship’, 7th ed , New York, Mc-Graw-Hill, Irwin
Parker, S.C. (2004) ‘The Economics of Self-Employment and Entrepreneurship’, Cambridge, Cambridge University Press
Foss, N., and Mahnke, V., (eds), (2002), ‘Competence, Governance and Entrepreneurship: Advances in Economic Strategy Research’ Oxford,
Oxford University Press.
Glancey, K.S., McQuaid, RW, (2000) ‘Entrepreneurial Economics’ Basingstoke, Macmillan.
Aldrich, H., (1999) ‘Organisations Evolving’, London, Sage.
Storey, D. (1994) ‘Understanding the Small Business Sector’, London, Routledge.
Timmons, J.A.and S.Spinelli (2007) ‘New Venture Creation: Entrepreneurship for the 21st Century’ 7th ed. New York. McGraw-Hill
Westhead, P, and Wright, M (2000), ‘Advances in Entrepreneurship’ Vols I, II, and III, Cheltenham, Edward Elgar.
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Welch, H.P. (ed) (2004), ‘Entrepreneurship: The Way Ahead’ London, Routledge.
Sarasvathy, S. (2008) ‘Effectuation: Elements of Entrepreneurial Experience’ Cheltenham, Edward Elgar
Schoonhoven, C.B., and Romanelli, E. (eds) (2001) ‘The Entrepreneurship Dynamic: origins of entrepreneurship and the evolution of
industries’ Stanford, Stanford University Press.
Entrepreneurship and Women
Bruni, A., S, Gheradi, and B. Poggio (2005); ‘Gender and Entrepreneurship: An Ethnological Approach’, Abingdon, Routledge
Moore, D.P. (2012); ‘WomenPreneurs: 21st Century Success Strategies
Smith-Hunter, A. (2006); ‘Women Entrepreneurs Across Racial Lines: Issues of Human Capital, Financial Capital and Network Structures’;
Cheltenham; Edward Elgar
Entrepreneurship and Culture
Freytag, A. and R.Thurik (eds) ‘Entrepreneurship and Culture’ (2010), London, Springer
Tsang, D (2006). ‘The Entrepreneurial Culture: Network Advantage within Chinese and Irish Software Firms’, Cheltenham, Edward Elgar
Sheshinski, E. R.J. Strom and W.J. Baumol (eds) (2007), ‘Entrepreneurship, Innovation and the Growth Mechanism of the Free-Enterprise
Economies’, Princeton, Princeton University Press
Entrepreneurship and the New Knowledge Economy
Marsh, P. (2012) ‘The New Industrial Revolution: Consumers, Globalisation and the End of Mass Production’ New Haven, Yale
University Press
Brynjolfsson, E. and A. McAfee (2014) ‘The Second Machine Age: Work, Progress in a Time of Brilliant Technologies’ New York, W.W.
Norton
Jansen, W., W. Steenbakkers and H. Jagers (2007) ‘New Business Models for the Knowledge Economy’ ‘ Aldershot, Gower
International Entrepreneurship
Casson,M., (2000), ‘Economics of International Business’, Cheltenham, Edward Elgar.
Dana, L-P., (2004), ‘Handbook of Research on International Entrepreneurship’, Cheltenham, Edward Elgar.
Blokker, P. and B. Dallago (eds),(2008) ‘Youth Entrepreneurship and Local Development in Central and Eastern Europe’ Aldershot, Ashgate
Lerener, J., and A. Schoar (eds), 2010); ‘International Differences in Entrepreneurship’ Chicago, University of Chicago Press
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Entrepreneurship and Innovation
Tidd, J and J. Bessant (4th ed) (2009) ‘Managing Innovation: Integrating Technological, Market and Organisational Change’, Chichester, John
Wiley
Drucker, P. (1985), ‘Innovation and Entrepreneurship’ London, Pinter.
Manimala, M. (1999), ‘Entrepreneurial Policies and Strategies: the innovator’s choice’, New Delhi, Sage.
Shane, S. (ed) (2002), ‘The Foundations of Entrepreneurship’ Vols. 1 and 2, Cheltenham, Edward Elgar
Note that the Recommended Reading long list is an indicative list of good books on the subject of Entrepreneurship and Innovation. You will be
recommended to read selected chapters together with refereed journal articles. The list also gives you an opportunity to consider additional
reading for when you write your dissertation or your Comprehensive Business Plan, and to help develop your understanding of the subject
further if you have a particular interest in entrepreneurship and its importance in the world today.
Journals: Selected articles only
Journal of Entrepreneurship and Innovation in Emerging Economies
Entrepreneurship: Theory and Practice
Entrepreneurship, Innovation and Change
Journal of Entrepreneurship and Innovation in Emerging Economies (available from January, 2015
Small Business Economics
Harvard Business Review
International Journal of Management and Enterprise Development
Journal of Business Venturing
International Small Business Journal
International Journal of Entrepreneurship and Innovation
Journal of Small Business and Enterprise Development
Journal of Enterprising Culture
Journal of Entrepreneurship
McKinsey Quarterly
Sloan Management Review
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Case Studies and Project Briefs
To be updated
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Focus on application of
understanding of
networks, technology, and
development through
entrepreneurial growth
THE MODULE ROUTE MAP
Lecture
10: Review
Lecture 1: An
Introduction
Lecture 2:The Entrepreneur
-Traits & Behaviour
Entrepreneurial PeoplePsychological & Social
characteristics;
Motivation and aspirations
Teams of entrepreneurs
Limitations
Practice Session:
Project/Case Study Development
Entrepreneurship
Innovation
Theories and Practice
Lecture 7: Entrepreneurship
Growth and Development
-
-
-
-
- Entrepreneurship
& Growth
Growth and
Development
Productive and
Destructive
Entrepreneurship
Theories of
entrepreneurship
and
development
theories
Developing and
Emerging
Economies
Regional
Lecture 6:
Technology,
Creativity and
Entrepreneurship
Lecture 5: Social Aspects
of Entrepreneurship
Lecture 3:The Entrepreneurial
Organisation
Entrepreneurship
- Theory of the Firm
- Key attributes and
features
- Small, medium and
large entrepreneurial
firms
Routines and
Dynamics
Lecture 4 :The
Entrepreneurial
Environment
-
Culture
Framework
Conditions
Institutions
Role of
Government
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- Technology and Creatvity
The Internet and
Entrepreneurship
- Open Innovation
- New Business Models
- E-Business
-
Social impact and
influences
Networks
Networking
Social Capital
Business Clustering
Practice Session:
Project/Case Study
Development
Focus on identifying
critical aspects of E
people/organisations/env
ironment
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