Entrepreneurship, Finance and Innovation MSc

Entry requirements:
2:2 +
Full-time:
1 year
Part-time:
Up to 4 years
Start date:
October 2018
UK/EU fees:
£13,500
International fees:
£24,500
Location:
London

Achievements

Winner

annual institute

for small business and entrepreneurship award 2016

Overview

Our Entrepreneurship, Finance and Innovation programme analyses the entrepreneur, the innovation process and the role of financial support when creating and sustaining new start-ups, supporting growth and affecting innovation.

By studying our Entrepreneurship, Finance and Innovation MSc programme, you will have the opportunity to explore and reflect on the skills needed for success and the role of old and new financing models in business. You will learn basic financial calculations, and will be taught how to analyse the financial status of a company and prepare a pitch to an investor. Similarly, you will develop knowledge of accounting and will develop the commercial skills required to monitor and evaluate company performance, and to understand the financial consequences of business decisions, particularly for relatively small and young firms.

To put your new skills and experiences into practice, you will spend the duration of a module with a multi-talented group of students to work on a brief from a real company looking to solve a real social or business problem. The Collaborative Project module is the first of its kind to be organised across an entire institution, meaning your learning will be enhanced by students across every discipline.

Some of the research interests in the Glendonbrook Institute for Enterprise development feed directly into the curriculum, such as family businesses, venture capital and private equity, digital entrepreneurial activity, social network analysis, social entrepreneurship, governance and executive compensation, and crowdfunding.

What makes this programme different?

  • Work on a brief from a real company
  • Solve a real social or business problem
  • Learn how to source funding for your own venture
  • Learn how to analyse the financial status of a company
  • Receive training on how to pitch to investors
  • Develop key commercial skills

Who should study this programme?

If you're looking for investment of your own venture, or you'd like to work within a team that is in search of funding for a new start-up, this programme would be extremely useful for you. Similarly, if you are thinking about entering a research and development (R&D) career, our MSc Entrepreneurship, Finance and Innovation programme will give you the skills and knowledge you need to assess market needs and develop new and improved products.

A lower second class honours degree (2:2) or equivalent qualification in a wide range of subjects.

The standard University IELTS English language requirement is 6.5 overall with 6.0 in each individual element (reading, writing, listening and speaking).

What you'll study

The Glendonbrook Institute for Enterprise Development delivers teaching from world class academics, influential thought leaders and inspiring professionals who share a passion for enterprise and entrepreneurship.

Modules

With a multi-talented group of students you will work on a brief from a real company looking to solve a real social or business problem.

Together with your student team, you will research and build solutions to a business problem, supported by our project tutors, clients and staff. Previous clients include Foster + PartnersSpeedoThe London Legacy Development Corporation as well as many other companies, start-ups and charities.

The Collaborative Project provides a means for you to engage in critical enquiry and to be exposed to project-based teamwork in multicultural and interdisciplinary settings. By undertaking this module, you will strengthen your cooperative and collaborative working skills and competencies, whilst raising your awareness and appreciation of cultural and disciplinary diversity and differences.

The Collaborative Project aims to provide you with a hands-on experience of identifying, framing and resolving practice-oriented and real-world based challenges and problems, using creativity and appropriate tools to achieve valuable and relevant solutions. Alongside the collaborative elements of the module, you will be provided with opportunities to network with stakeholders, organisations and corporations, which will give you the experience and skills needed to connect to relevant parties and potentially develop future employment opportunities.

Learning outcomes

On completion of this module, you will be able to:

  • Work effectively in diverse and interdisciplinary teams
  • Undertake and contribute towards a project-based development process
  • Apply critical enquiry, reflection, and creative methods to identify, frame, and resolve issues and problems at hand
  • Identify user and stakeholder needs and value creation opportunities, whilst collecting and applying evidence-based information and knowledge to develop appropriate insights, practices and solutions
  • Identify, structure, and reflect on key issues and propose solutions to problems in creative ways
  • Enhance your appreciation for diversity and divergent individual and disciplinary perspectives
  • Be able to provide structured, reflective and critical feedback to peers and other stakeholders
  • Plan and execute a project plan including scope, resources and timing
  • Effectively communicate ideas, methods and results to a diverse range of stakeholders
  • Use multiple, state-of-the-art date media and technologies to communicate with collaborators
  • Make informed, critical and reflective decisions in time-limited situations

Assessment

100% Coursework consisting of:

  • 20% Group project proposal
  • 20% Individual reflection
  • 30% Final Project Report
  • 30% Project Deliverables to the client

This module will include teaching on the innovation process and models for innovation; the importance of innovation to the economy; government support for innovation; and the importance of innovation in a contemporary business environment.

The module aims to equip you with an in depth knowledge of the innovation process, its importance to the economy and an understanding of the factors affecting its success.

Learning outcomes

On completion of this module you should be able to:

  • Explain the complexity of the innovation process
  • Highlight the types and patterns of innovation
  • Understand the interrelationship between an organisation's environment and its innovative capability
  • Relate innovation theory to the performance of organisations
  • Interpret company performance in relation to the dynamic environment in which it operates
  • Synthesise information from appropriate sources
  • Demonstrate rational use of business and risk analysis tools in order to analyse company performance
  • Select and use appropriate investigative and research skills
  • Demonstrate effective report writing skills
  • Demonstrate commercial awareness
  • Recognise ethical dilemmas and corporate social responsibility issues

Assessment

100% Coursework consisting of:

  • 5% Introduction Assignment
  • 95% Report

This module will include teaching on the relationship between entrepreneurship and the economy; the theories of entrepreneurship; recognizing and measuring entrepreneurial tendencies; and entrepreneurship in different organizational contexts.

The module will introduce you to the field of entrepreneurship and will enable you to examine the role entrepreneurship plays in modern economies. You will analyse the different types of activity contained within the definition, and the main theoretical and analytical approaches used to understand the concept. In addition, you will consider entrepreneurial innovation at different stages of a business, from start-up to more mature firms, which will enable you to assess your own entrepreneurial tendencies and test the theories you have learned through a mini research project.

Learning outcomes

By the end of the module, you should have a critical appreciation of:

  • The varying and pervasive role of entrepreneurship within the economy
  • The different contexts in which entrepreneurs operate
  • The approaches developed by researchers in attempting to understand the entrepreneurial process
  • Your own entrepreneurial tendencies
  • A firm academic and empirical understanding of the dimensions and role of entrepreneurship in a modern economy
  • The ability to interpret and contextualize commentary and analysis relating to the field
  • Select and use appropriate investigative and research skills
  • Demonstrate effective essay/report writing skills
  • Demonstrate resourcefulness to carry out data collection
  • Understand your own skills and opportunities
  • Demonstrate a positive attitude towards a challenge

Assessment

  • 40% Reflective essay
  • 60% Project

You will learn basic financial calculations, learn how to analyse the financial status of a company and how to prepare a pitch to an investor.

The aim of this module is to equip you with an in-depth knowledge of the various funding options available to a new venture and the processes involved in obtaining financial backing.

Learning outcomes

On completion of this module, you should be able to:

  • Identify the financial requirements of an organisation;
  • Understand the relevant sources of funding and their acquisition;
  • Analyse data and information in order to make effective decisions;
  • Demonstrate effective communication to persuade and influence stakeholders;
  • Evaluate the funding needs of a new venture;
  • Demonstrate effective report writing skills;
  • Work effectively in a team;
  • Demonstrate good oral communication and presentation skills;
  • Demonstrate a positive attitude towards a commercial opportunity;
  • Demonstrate problem solving ability.

Assessment

  • 25% Group Presentation
  • 75% Case study

Our Small Business Finance module provides in-depth study into the following areas:

  • Company structure and registration
  • Governance and legal requirements
  • Forecasting and budgeting
  • Cash flow management
  • Costing and pricing
  • Margin management
  • Managing working capital
  • Relevant costs for decision making
  • Risk identification and management
  • Company life cycle and growth
  • Long-term investment appraisal

The aim of this module is to equip you with a working knowledge of the accounting and commercial skills required both to monitor and evaluate company performance, and to understand the financial consequences of business decisions, particularly for relatively small and young firms.

Learning outcomes

On completion of this module, you should be able to:

  • Critically reflect on and provide well-grounded analysis of these elements crucial for small business finance
  • Analyse the role of the accountant
  • Evaluate the importance of cash flow, margin and profitability management
  • Critically appraise the intricacies of product costing and pricing
  • Analyse working capital needs
  • Evaluate Investment appraisal techniques
  • Identify key commercial drivers in different business models
  • Evaluate business decisions required for financial success; consider alternatives
  • Interpret complex commercial data
  • Demonstrate effective communication to persuade and influence stakeholders
  • Evaluate business need for expert intervention
  • Demonstrate effective report writing skills
  • Demonstrate good oral communication and presentation skills
  • Demonstrate a positive attitude towards a commercial opportunity

Assessment

  • 25% Presentation
  • 75% Case Study

Our Governance for Start-up Companies module provides in-depth study into the following areas:

  • Governance and corporate governance frameworks
  • Elements of good corporate governance and what benefits this can have for SMEs
  • The values and impact of SME boards (impact on growth, strategy, controls, business risk management and failure)
  • Corporate governance challenges for SMEs
  • How good corporate governance can influence company growth

The aim of this module is to equip you with a working knowledge of governance and corporate governance frameworks and how these relate to SMEs and start-up businesses.

Learning outcomes

On completion of this module you should be able to:

  • Critically reflect on and provide well-grounded analysis of the elements crucial for small business finance
  • Analyse the main elements of good corporate governance
  • Develop a corporate governance frameworks for small and medium sized businesses
  • Evaluate the value and impact of company boards
  • Critically appraise corporate governance challenges for small and medium sized businesses
  • Construct a corporate governance framework for a small or medium sized business, considering alternatives and assessing these in light of recent academic insights
  • Evaluate business risks and opportunities for growth, reflecting on the potential for contributing to success as demonstrated by recent academic research
  • Synthesise information from appropriate sources
  • Demonstrate effective communication to persuade and influence stakeholders
  • Select and use appropriate investigative and research skills
  • Recognise ethical dilemmas and corporate social responsibility issues
  • Demonstrate effective report writing skills

Assessment

  • 100% Coursework

The Dissertation module will equip you with the relevant skills, knowledge and understanding to embark on your own research project. You will have the choice of three dissertation pathways:

  • A desk based research project that could be set by an organisation or could be a subject of your choice
  • A project that involves collection of primary data from within an organisation or based on lab and/or field experiments
  • An Internship within an organisation during which time you will complete a project as part of your role in agreement with the organisation (subject to a suitable placement position being obtained)

By undertaking a dissertation at master's level, you will achieve a high level of understanding in your chosen subject area and will produce a written thesis or project report which will discuss your research in more detail.

Learning outcomes

On successful completion of this module, you should be able to demonstrate knowledge and understanding of:

  • The importance of project planning
  • The importance of a clear hypothesis or research question
  • The ethical implications of research
  • The relevant empirical data and methodologies for data collection or knowledge assimilation for the subject area
  • Methods of data analysis and their suitability for the intended data
  • The areas of expertise or publications of the major individuals or organisations in the subject or business area
  • The previous research or current knowledge in the specific subject or business area
  • Theoretical perspectives relevant to your chosen topic
  • The most effective methods of presentation for data or knowledge
  • Developing a clear, coherent and original research question, hypothesis or business problem in a suitable subject area
  • Synthesising relevant sources (e.g. research literature, primary data) to construct a coherent argument in response to your research question, hypothesis or business problem
  • Analysing primary or secondary data collected by an appropriate method
  • Critically evaluating data collected in context with previously published knowledge or information
  • Engaging in critical debate and argumentation in written work
  • Applying principles of good scholarly practice to your written work
  • Performing appropriate literature searching/business information searching using library databases or other reputable sources
  • Planning a research project and producing a realistic gantt chart demonstrating your intended timelines
  • Synthesising information from appropriate sources
  • Demonstrating rational use of research method tools
  • Selecting and using appropriate investigative and research skills
  • Demonstrating effective project planning skills
  • Finding and evaluating scholarly sources
  • Engaging in critical reasoning, debate and argumentation
  • Demonstrating effective report writing skills
  • Recognising and using resources effectively
  • Successfully managing a project from idea to completion
  • Demonstrating commercial awareness or the impact of knowledge transfer in a business or research environment

Assessment

100% Coursework consisting of:

  • 20% Literature Review
  • 20% Research Proposal
  • 60% Dissertation Report/Essay

Second subject modules

You will pick a subject from the list of nominated Second Subject modules offered by the other Loughborough University London Institutes. Current options include the following:

The module content will include teaching on the defining media and creative industries; ownership, concentration and control in media and creative industries; innovation and technological change; media and creative markets; business models in media and creative industries; copyright; global media cities; clustering of media and creative industries; as well as media and cultural policy.

The aim of this module is to introduce you to key critical debates relating to the economics of media and creative industries and their social, cultural and political implications.

Learning outcomes

On completion of this module you should be able to:

  • Understand how and why the media and creative industries have been defined
  • Understand the importance of industrial structure in media and creative industries
  • Understand the implications of innovation and technological change for media and creative industries
  • Understand changing business models in media and creative industries
  • Understand the importance of copyright and how this is affected by technological change
  • Understand why media and creative industries cluster in particular spaces and cities
  • Understand the globalisation of media and creative industries
  • Understand media and cultural policy
  • Identify, debate and evaluate relevant critical perspectives on media and creative industries
  • Systematically assess the implicit theoretical assumptions of contrasting perspectives
  • Use critical perspectives to analyse emerging trends in media and creative industries
  • Communicate effectively in speech and writing, with academic and non-academic audiences
  • Engage in critical reasoning, debate and argumentation
  • Assess the empirical validity of competing perspectives
  • Manage time and resources effectively
  • Synthesise different sources of data and identify key arguments and issues at stake in particular fields of practice
  • Understand the behaviour of firms in media and creative industries
  • Understand emerging trends in media and creative industries
  • Apply skills in written and verbal communication that are relevant to this field
  • Plan, organise and manage coursework assignments, demonstrating independence, initiative and originality

Assessment

  • 100% Coursework

The Design Thinking module includes a fascinating introduction into visualisation and journey mapping in order to discover how to experience a product or service through the consumer's eyes. In addition, you will assess the current value chain that supports the customer's journey, and use mind mapping techniques to generate insights from a range of exploration activities. Together these insights will enable you to create a coherent proposition that can be explored and evaluated. Finally, you will discover rapid prototyping techniques in order to express a new concept in a tangible form for exploration, consumer testing and storytelling.

The aim of this creative and hands-on module is to enhance your ability to use design approaches and tools for identifying and implementing human-centered innovation opportunities. Students undertaking this module will be able to deploy their knowledge into the parallel running Collaborative Project module.

Learning outcomes

The module will introduce you to a systematic design-based approach aimed at identifying and implementing user-centered innovation opportunities.

On completion of this module you should be able to:

  • Identify when and how to use a range of Design Thinking tools
  • Select appropriate tools to inform project development
  • Appropriate use of the Design Thinking tools in a parallel module
  • Develop communication skills in diverse teams
  • Develop a systematic approach to tackle complex projects
  • Apply tools in a project context
  • Work with variety of stakeholders
  • Understand how to tackle `wicked' problems
  • Deliver a succinct presentation to communicate key facts

Assessment

  • 10% Presentation
  • 20% Peer Feedback
  • 70% Report

You will receive a thorough introduction to the latest mobile Internet and communication technologies, including their network architectures and radio interface protocols covering 3GPP LTE mobile broadband radio access, network architecture, radio interface architecture, scheduling algorithms for multimedia delivery, other wireless communications technologies (such as WLANs), and an brief overview of the future 5G mobile communications.

The Introduction to Digital Technologies module also includes a brief overview of cloud technology and covers media cloud applications and challenges, such as energy efficiency in cloud systems, mobile cloud computing and cloud multimedia delivery technologies. Privacy and security issues in mobile media cloud services are also covered.

Learning outcomes

By the end of the module, you should be able to:

  • Demonstrate a critical understanding of mobile internet and cloud technologies with specific knowledge of media cloud applications on mobile devices, systems and Internet in general, and the challenges that are associated with making such applications available to end-users via mobile Internet and cloud technology
  • Review mobile Internet technology, media cloud applications, and the strengths and associated challenges by utilising mobile cloud technology and applications
  • Describe privacy and security issues in mobile cloud services
  • Interpret and utilise mobile Internet and cloud business models
  • Demonstrate an understanding of mobile Internet architecture and access techniques, system performance and limitation
  • Apply specific skills in media cloud applications
  • Show an understanding of how the combination of mobile Internet with cloud computing technology is impacting on the future of media applications
  • Apply knowledge of mobile Internet and media cloud technology to media service delivery and the communication industry
  • Tackle media cloud application and mobile communication networks related problems and deal with their possible solutions
  • Demonstrate the necessary understanding and essential knowledge that is required for service provider jobs in the cloud computing, applications, and mobile services provision domains

Assessment

  • 30% report
  • 70% exam

Our Sport Media and Marketing module includes teaching of the main themes that underpin media and marketing, the evolution of media and marketing in a sport context, the practices and techniques for effective sport media and marketing, the different types of media and marketing, and consumer and fan engagement.

The aims of this module are to introduce you to key concepts in sport media and marketing and to develop your understanding of the nature of sport media and marketing.

Learning outcomes

On completion of this module, you should be able to:

  • Assess the major theories, principles, and concepts surrounding sport media and marketing
  • Apply techniques and practices involved in conceptualising and developing a marketing plan
  • Gather, analyse, and present sport media and marketing ideas and concepts
  • Apply sport media and marketing principles that can be utilised in different sport environments
  • Demonstrate initiative and personal responsibility
  • Continue to learn independently and to develop professionally

Assessment

  • 40% Sponsorship Pitch
  • 60% Marketing Plan

This module will introduce the main concepts, theories and practices of international relations and diplomacy.

The overarching aim of this module is to provide you with a wider understanding of the historical trends, conceptual bases and current practices of diplomacy in the context of current global affairs and to help you critically evaluate the relevance for all fields of social, economic and scientific practice. As part of such aim, the module will adopt an interdisciplinary ethos.

Learning outcomes

On completion of this module you should be able to:

  • Evaluate the historical evolution of the modern international system
  • Critically evaluate the key concepts and theories of diplomacy
  • Evaluate the role and behaviours of international organisations and states in the international system
  • Evaluate the context of the present-day international political and economic relations within which diplomacy takes place
  • Identify and assess the importance of such dynamics for their respective fields of study
  • Construct reasoned arguments utilising concepts and approaches to the study of diplomacy
  • Recognise established and emergent phenomena in the practice of diplomacy within the current global affairs
  • Creatively and critically evaluate the possibilities of various intersections between diplomatic practice and the objectives and modes of delivery in their respective fields
  • Via in-class team tasks, and in assessed assignments, apply such skills to empirically grounded case study materials
  • Reflect on own learning and make use of constructive feedback
  • Gather and organise evidence, data and information from a variety of secondary and primary sources
  • Work in small groups
  • Develop strong research and presentation skills
  • Develop a cross-disciplinary and collaborative research and learning ethos

Assessment

  • 40% Presentation
  • 60% Essay

How you'll be assessed

You will complete a combination of written and practical assessments, which may vary depending on the module choices you make. You can expect to complete essays and reports of varying lengths, as well as presentations, proposals and pitches in some cases. For information about the assessments you will be expected to complete for each module, please see the compulsory and option module lists for this programme.

How you'll study

Seminars
Lectures
Tutorials
Independent study
Group work

Your personal and professional development

Our MSc Entrepreneurship, Finance and Innovation programme has been created to support individuals looking for investment of their own venture, or those interested in sourcing funding for growing businesses and organisations.

Your personal development

Our MSc Entrepreneruship, Finance and Innovation Management students benefit from inspiring guest lectures from successful entrepreneurs and business leaders across a range of industries.

Enterprise Through the Curriculum is an intrinsic element of every master’s programme at Loughborough University London and has been carefully designed to give students the best possible chance of securing their dream role. From employability profiling to live group projects set by a business or organisation, and from site visits to organisation-based dissertation opportunities, Loughborough University London is the first of its kind to develop a suite of activities and support that is positioned as the underpinning of every student’s experience.

Future career prospects

As well as gaining the ability to set up and understand the finance models for your own venture, studying this programme will also provide you with the skills needed to progress into large blue chip companies and work in finance management, developing new products, markets and customer segments.

You will also have the opportunity to enhance your knowledge and career prospects further by undertaking a PhD programme.

Fees and funding

UK/EU:
£13,500
International:
£24,500

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Our students

Jac Kou

MSc Entrepreneurship, Finance and Innovation

There's a community feel on campus which allows for easy networking and makes it easy for new students to integrate into the Loughborough family.

Montez Blair

MSc Entrepreneurship, Finance and Innovation

I was accepted to one of the best universities Europe has to offer to pursue and learn about a career in entrepreneurship.

Annarrah Gordon

MSc Entrepreneurship, Finance and Innovation

I have always had an interest in finance and I wanted a firm foundation for how to best finance my own business.

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