Extent: 20-25 cr
Teacher in charge: Marina Biniari, Peter Kelly
Target group: All master's students with sufficient prerequisite knowledge
Application procedure: Open for all students of Aalto University
Quotas and restrictions: No quotas
Content and structure of the minor
The minor provides students with the knowledge, concepts, and tools to develop capabilities and enhance their effectiveness in creating, adding to, on investing in new businesses from within existing organizations and/or through the collaboration with parties in the broader ecosystem of an organization. Such expertise is required is required in leading and transforming existing organizations by building and championing growth-oriented new business.
Success in new business development for incumbent organizations requires: a) the identification and refinement of unique growth opportunities (ideation and creativity); b) the deployment of appropriate resources needed to build new business models from those opportunities (incubation); and c) the championing and launching of those new business models to market, with the intent to merge them successfully with the incumbent company (acceleration and integration).
Thus, this minor enables the students to understand the important linkage between creativity, organizational innovation, corporate venturing, and corporate strategy for the successful creation of sustainable new businesses from within incumbent organizations. The minors draws its knowledge basis on design thinking, the lean-start up methodology, and the corporate innovation, corporate venturing, and corporate entrepreneurship. It prepares graduates for a holistic understanding of how business opportunities can be successful explored and exploited by incumbent organizations.
The primary learning outcomes of the Creativity and Venturing minor are to:
- Develop capabilities in how new business opportunities can be identified and vetted within existing organizations or in collaboration with third parties in the broader ecosystem of an existing organization
- Develop capabilities to prototype and validate new business models from business opportunities in existing established organizations
- Develop capabilities to analyze sources of competitive advantage in new business models
- Develop capabilities to (re)design agile, growth-focused, entrepreneurial-oriented organizations by facilitating the integration of new ventures within existing organizations
The capabilities developed in the minor are valuable for many career options including business development, venturing, and innovation functions in corporations; management consulting; founders/CEOs in startups, positions in venture capital and private equity firms or other organizations building and transforming technology-based business.
|TU-E1021||Strategies for Growth and Renewal||5||III-IV|
|Compulsory courses, choose 1-2 courses|
|TU-E4060||Design and Innovation in Context||6||II|
|Elective courses, choose from the list below:|
|Project course in corporate entrepreneurship (e.g. varying content courses)*||5-10|
|Entrepreneurship electives as needed:|
|TU-E4080||Managing Innovative Sales||3||II|
|TU-E4090||Managing Innovative Sales, exercises||3||II|
|TU-E2130||Operations Management for New Ventures||3-5||III-IV|
|TU-E4060||Design and Innovation in Context||6||II |
|23E85000||Storytelling - A Narrative Approach for Entreprenership||3||I|
|CS-E5100||Introduction to IT Business and Venturing||2||I-II|
|CS-E5390||Seminar on Law and Technology, "Exploitation of IPR"||3||IV|
|TU-E4011||High Growth Enterpreneurship with varying content||1-20|
|MEC-E3001||Product Development Project||10||I-V|
|ENG-E3102||Global Team-based Design Innovation||10||I-V|
|CS-E5440||Growth and Internationalization of Technology SME's||4||V|
*) to be agreed in advance with professor in charge of the minor.