Innovation & Entrepreneurship

Syllabus

Code: KMNBN302

Innovation & Entrepreneurship

Unit1                                                                                                                                           

Innovation: Meaning, Difference between Innovation and Creativity, Innovation Types & Platforms, Business Model Innovation, Service Innovation, Design-led Innovation, Improvisation, Large Firm Vs. Start-up Innovation, Co-creation and Open Innovation, Developing an Innovation Strategy, Sources of Innovation, Innovation Environment, Creative Destruction.

Unit 2                                                                                                                                            

Entrepreneurship: Meaning, Definition and Concept, Factors Affecting Entrepreneurship, Characteristics and Skills of an Entrepreneur, Entrepreneur v/s Manager. Concept of Intrapreneurship, Types of Entrepreneurs, Functions of Entrepreneur, Entrepreneurial Decision[1]Process, Challenges Faced by Entrepreneurs and Changing Role of Entrepreneur. Women Enterprises, Social, and Rural Entrepreneurship

Unit 3                                                                                                                                           

Entrepreneurial Finance, Assistance and Entrepreneurial Development Agencies: Estimating Financial Funds Requirement; Sources of Finance – Banks, & Financial Institutions, Financing of Small-Scale Industries in Developing Countries. Role of Central Government and State Government in Promoting Entrepreneurship with Various Incentives, Subsidies, Grants, Export Oriented Units – Fiscal & Tax Concessions, Other Government Initiatives and Inclusive Entrepreneurial Growth. Overview of MSME Policy of Government

in India,

Role of Agencies Assisting Entrepreneurship: DICs, SSIs, NSICs, EDIINIESBUD, NEDB, Entrepreneurship Development Institute (EDI). New Initiatives Taken by Government to Promote Entrepreneurship

Unit 4                                                                                                                                            

From Idea to Opportunity: Idea Generation- Sources and Methods, Identification and Classification of Ideas. Individual Creativity: Idea to Business Opportunity, Opportunity Assessment, Process of New Venture and its Challenges, Venture Capital, Angel Investing, Crowd Funding.

Developing a Business Plan: Business Planning Process: Elements of Business Planning, Preparation of Project Plan, Components of an Ideal Business Plan – Market Plan, Financial Plan, Operational Plan, and, Feasibility Analysis – Aspects and Methods: Economic Analysis, Financial Analysis, Market-, and Technological Feasibility.

Unit 5                                                                                                                                             Launching a New Venture: Steps Involved in Launching a Business (Process Charts), Various Forms of Business Ownership, Registration of Business Units; Start-up to Going IPO; Revival, Exit and End to a Venture.