The MSc in Business Administration at the University of Twente is a one-year programme (60EC). In addition to the three core courses (15EC), the specialization in Entrepreneurship, Innovation & Strategy consists of four courses (20EC) and a Master’s thesis (25EC). Students must choose at least three of the five electives from the EIS track.
1. INTERNATIONAL ENTREPRENEURSHIP: A STRATEGIC TECHNOLOGY PERSPECTIVE
International New Technology Based Ventures (INTBV) are an exciting place to work. They emerge from individual or team-based entrepreneurial action, from within (technical) universities, or within established companies. While the entrepreneurial process is challenging for any type of entrepreneurial action, entrepreneurs in INTBV are faced with additional technological uncertainty in often complex and dynamic technological and regulatory environments, and of liability of foreignness/outsidership. To contribute to the challenging work of INTBV, students learn the origins, processes, and results of entrepreneurial action in these types of ventures.
2. MANAGEMENT AND GOVERNANCE OF INNOVATION AND CREATIVITY
This is a research-oriented course that aims to provide students with deep insights on creativity and innovation and its management and governance, on micro-, meso- and macro-level (individual, team, organization, network, ecosystem and society). Through in-depth discussion of literature and examples, students will get a profound understanding of important contributions to the field. They will learn to assess these contributions from an academic and practical perspective, and will get the opportunity to contribute themselves to knowledge development.
3. GLOBAL STRATEGY & BUSINESS DEVELOPMENT
This course draws on the basics of a business strategy translated into a business model and the usefulness of a business model for a firm in today’s rapidly changing markets and global contexts. We map consequences of (global and sustainable) business models for strategy and business development. We will work successively through each part of the business model framework. Also, we elaborate on the strategic role of partners as part of a business model (and strategy). Furthermore, the importance of the external environment (competitor) and other societal stakeholders will be discussed for developing strategies and business models, specifically emphasizing sustainability as strategy.
4. STRATEGIC TECHNOLOGY MANAGEMENT & INNOVATION
This course is designed to meet the needs of future managers, innovation leaders, entrepreneurs and investors who must analyse and develop business strategies in technology-based industries (e.g. finance, healthcare, IT and construction). It emphasizes learning theories, frameworks and techniques for helping innovating companies to develop a strategic focus and to survive within their turbulent environments. In the course, students get a ground-laying understanding on several key topics on strategic technology management and innovation both, at a high academic standard and with an exposure to business practices.
5. ENTREPRENEURIAL FINANCE
The starting up of new ventures as well as their growth toward maturity not only require financial and accounting knowledge and tools, but also lead to issues that are specific for new business ventures. Therefore, the course provide students with the essential theories, knowledge and skills to adequately make financial decisions of entrepreneurial firms. It provides theoretical and practical knowledge of management practices followed by successful entrepreneurs. It also helps students to learn financial management tools and techniques that are specifically used in new business ventures. Students are trained to collect and analyze financial information.