06220672 - Entrepreneurship and innovation

This course gathers two axes of research that are tightly interconnected: Entrepreneurship and innovation.  It is a fundamental course for students specialized in Business and Management. In fact, this course exlains the meaning of entrepreneuring and innovating. It focuses on the drivers of entrepreneurship and innovation and explains in deep the innovation process (idea generation, opportunity recognition, development, realization and learning) as well as the entrepreneurial one (identification, evaluation, exploitation). Furthermore, it detaills the trajectory that an entrepreneur or an innovator follows in order to put into practive his/her ideas and implement effectively their project.
On the other hand, this course puts the stress on the person of the entrepreneur / innovator by focusing on his/her personality traits as well as their types.
To summarize, this course deals with both the organizational and the individual sides of entrepreneurship and innovation.

Estimation of private study (outside of contact hours): 3 hours

DIMENSION OF SOCIAL RESPONSIBILITY

This course examines the social dimension of entrepreneurship by shedding light on the social entrepreneurs and the different challenges they are facing nowadays.

TARGETED KNOWLEDGE AND SKILLS 

This course aims to:

• Allow students understand the entrepreneurial process as well as the innovation strategy that lies behind;
• Explain the important contributions of the contemporary approaches of entrepreneurship (causation versus effectuation, bricolage, etc.), to be able to identify entrepreneurial opportunities and better assimilate the innovative policy;
• Explore personality traits of entrepreneurs and some of their main types (social entrepreneurs, immigrant entrepreneurs, senior entrepreneurs, etc.) ;
• Analyze the entrepreneurial and innovative trajectort by focusing on how to manage innovation actions and how to empower innovative teams.

COURSE OUTLINE

Introduction: Putting the course in its context

I / Framing the entrepreneurship phenomenon

II / The identification of entrepreneurial opportunities 
1. The neoclassical approach
2. The Austrian approach
3. The contemporary approach

III / Entrepreneurial trajectories

IV / Understanding innovation
1. Drivers of innovation
2. Categories of innovation
3. Innovation process

V / The entrepreneur and the innovator
1. Personality traits
2. Different types of entrepreneurs

PRESCRIBED TEXTS AND PUBLICATIONS

1. Matricano, D. (2020), Entrepreneurship trajectories, entrepreneurial opportunities, business model and firm performance. Elsevier academic press.
2. O’Sullivan, D. & Dolley, L. (2009), Applying innovation. Sage publications.

EMBLEMATIC BOOKS OR RESEARCH PAPERS REGARDING THE SUBJECT OF THE COURSE

1. Knight, F. H. (1921), Risk, uncertainty and profit. New York: Hart, Schaffner and Marx.
2. Sarasvathy, S. D. (2001), Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. The Academy of Management Review, 26 (2), 243-263.
3. Sarasvathy, S. D. (2008), Effectuation: Elements of entrepreneurial expertise. Edward Elgar Publishing. 
4. Schumpeter, J. A. (1934), Theory of economic development, Cambridge, MA. Harvard University Press.

TEXTS AND PUBLICATIONS OF IAELYON FACULTY ON THE SUBJECT OF THE COURSE  

1. Burger-Helmchen, T., Hussler, C. & Cohendet, P. (2023), Les grands auteurs en management de l’innovation et de la créativité. EMS éditions.
2. Chalus-Sauvanet, M.C. & Ewango-Chatelet, A. (2022), Résilience entrepreneuriale en situation de risques et de crise, relever les défis face à l’incertitude. EMS éditions.
3. Fréchet, M. & Goy, H. (2017), Does strategy formalization foster innovation? Evidence from a French sample of small to medium-sized enterprises, M@n@gement, 3 (20), 266-286.
4. Gallego-Roquelaure, V. (2021), Ouvrir la boite noire de l'innovation en start-up : Quand la logique du don enrichit les principes de l'effectuation, Revue Française de Gestion, 7(300), 35-47.

Individual grade

Dissertation, 2h
Weight: 50%

Other grade

Oral presentation
30mn /group
Weight: 50%

TEACHING METHODS

This course relies on:

• PPT presentation;
• Further readings;
• Videos;
• Team work:
• Case studies.

PRE-REQUISITES IN TERMS OF KNOWLEDGE AND SKILLS

As a pre-requisite, this course requires from students the acquisition of knowledge related to :

• Principles of Management;
• Corporate strategy.