Managing Innovation in Creative Organisations 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

Award Winner

2016

Annual Institute for Small Business and Entrepreneurship

90%

Fee Reduction

For Selected Students with an Inspiring Business Idea

Overview

You will study entrepreneurship in the context of both academic theory and self-reflection to assess whether you possess the qualities required to turn an idea into a success story.

Our Managing Innovation in Creative Organisations MSc programme will enable you to consider entrepreneurship in the context of both academic theory and self-reflection, to assess whether you possess the individual qualities required to take action and make an idea happen.
 
Individuals who complete our Managing Innovation in Creative Organisations MSc programme will discover how to demonstrate entrepreneurial behaviour in all aspects of their job role.
 
Some of the research interests in the Institute for Innovation and Entrepreneurship 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?

There is a creative and entrepreneurial culture on campus, which has enabled students at Loughborough University London to achieve great things, like forge new business plans, grow niche new start-ups and share innovative solutions to business problems.
 
Students and staff enjoy working together as part of extracurricular, entrepreneurial teams and attend various conferences, competitions and hack events throughout the year.
  • Join an entrepreneurial community
  • Exciting student and staff collaborations
  • Develop the skills to setup your own venture

Who should study this programme?

If you are looking to inform design solutions and business strategy in creative organisations, then this programme was made for you. Similarly, you will benefit from undertaking this programme if you are planning on setting up your own creative venture, or would like to develop innovative business solutions for other creative start-ups.

Entry Requirements

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

English Language Requirements

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

What you'll study

You will learn from the most influential thought leaders, pioneering researchers and creative innovators, exposing you to the latest theories and developments from across your discipline.

Compulsory modules

Innovation Management

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 the 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 organisations 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 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

Design Thinking

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 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;
  • Developed 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

Collaborative Project

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 + Partners, Speedo, The 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, 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

Understanding Business Failure

Students will look at the innovation process and risk assessment methods for avoiding failure. We will also look at the risk taking traits of entrepreneurs and the attitude towards failure in society.
 
The aim of this module is to equip you with knowledge of the various factors that cause failure of organisations.
 

Learning Outcomes

On completion of this module you should be able to:
 
  • Identify the multiple causes of failure and interconnectedness of these;
  • Identify the ways in which organisations and individuals can learn from failure;
  • Recognise the value of failure as a positive step;
  • Recognise the need for resilience in the case of failure;
  • Demonstrate rational use of business and risk analysis tools to analyse company performance;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Demonstrate commercial awareness;
  • Demonstrate problem solving capability

Assessment

  • 100% Case Study

Foresight and Strategy

You will research methods for trends in forecasting, create scenarios and personas, create speculative designs, explore science fiction in film and literature, and understand making films to `sell' concepts.
 
The aim of this module is to broaden the experience and skills of the student designer to include knowledge of, and competence with, the deployment of foresight, forecasting and scenario writing to inform future design and business strategy.

Learning Outcomes

On successful completion of this module you should be able to:
 
  • Engage in research and analysis to gather key insights appropriate to the future strategy of a business, and propose design solutions which complement, inform and challenge that strategy, as appropriate;
  • Research techniques for future forecasting;
  • Persona and scenario development as techniques for generating insights;
  • Persona and scenario development as techniques for generating stakeholder buy-in;
  • Creating speculative and/or conceptual design solutions;
  • The role(s) of speculative design concepts with a business;
  • Use a range of techniques for generating key insights;
  • Apply key insights to speculative and/or conceptual design solutions;
  • Use a range of presentation techniques such as storyboarding, video, UX simulation, rendering and animation, as appropriate to the design concept;
  • Present and document insights gained from research in a credible and convincing manner;
  • Present 'hard-to-grasp' concepts in a compelling and convincing manner;
  • Engage in critique of the work of others;
  • Gather and analyse research material relevant to the future strategy of a business;
  • Generate design concepts within the context of future business strategy;
  • Present concepts in a manner which is understandable to non-designer stakeholders.

Assessment

  • 30% Peer Feedback
  • 70% Foresight & Strategy Scenario(s)

Dissertation

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

Optional modules

Intellectual Property

This module will include teaching on a number of aspects of intellectual property law, and will explore the use of intellectual property for commercial advantage. You will learn how to apply for intellectual property, and will be introduced to intellectual property database searching.
 
The aim of this module is to equip you with knowledge of the various types of intellectual property, searching intellectual property databases, the legal basis of intellectual property rights, the application process for obtaining intellectual property and its importance to the innovation process and the entrepreneur.

Learning Outcomes

On completion of this module you should be able to:
  • Explain the importance of intellectual property as an asset;
  • Understand the complexity of IP law and the protection process;
  • Know the commercial value of the various types of intellectual property;
  • Interpret data and information in order to make effective decisions;
  • Perform intellectual property searches;
  • Provide advice on company strategy;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Work effectively in a team;
  • Demonstrate good oral communication and presentation skills;
  • Recognise and use their resources effectively;
  • Demonstrate problem solving capability;
  • Demonstrate a creative approach to communication

Assessment

  • 25% Group Presentation
  • 75% Case study

Strategy and Planning

You will look at a variety of frameworks for assessing entrepreneurs, products, markets, and industries with a view to understanding the importance of thorough market analysis and research prior to planning a new venture.
 
The aim of this module is to equip you with the background knowledge on strategic positioning and the more practical aspects of business planning.

Learning Outcomes

On completion of this module you should be able to:
  • Highlight the complexity of the innovation process;
  • Explain the importance of idea creation and opportunity spotting;
  • Create critical assessment of a potential product or service;
  • Explain strategic positioning of a novel business idea;
  • Analyse data and information in order to make effective decisions;
  • Recognise and apply self-reflection for personal development;
  • Demonstrate rational use of business and risk analysis tools to analyse company performance;
  • Demonstrate effective communication to persuade and influence stakeholders;
  • Evaluate the funding needs of a new venture;
  • Select and use appropriate investigative and research skills;
  • Demonstrate effective report writing skills;
  • Work effectively in a team and demonstrate recognition of an individual’s contributions to a group activity;
  • Demonstrate a positive attitude towards a commercial opportunity;
  • Spot or create an opportunity for a new product or service;
  • Successfully manage a project from idea to completion.

Assessment

  • 100% Coursework

Creative Business Models

Teaching on this module will include: market analysis and research, risk analysis, strategy and positioning, finance, marketing, competitor and cooperative analysis, supply chain analysis, staffing, legal (including IP), governance, value proposition and revenue sources.
 
The aims of this module are to develop your awareness of the scope and diversity of business models within the creative industries and to develop your understanding of the relationships between business model innovation, technological advancement and creative industry evolution.

Learning Outcomes

On completion of this module you should be able to:
  • Critically reflect on and provide well-grounded analysis of the elements of a business model which contribute to success in the creative industries in the context of the wider business environment
  • Identify the creative industries and what makes them distinct from other kinds of businesses, with a particular focus on creativity and technology
  • Analyse the elements that constitute a business model through exploring the history of their development in the creative industries and subsequent innovation over time
  • Critically assess a potential product or service
  • Develop the strategic positioning of a novel business idea
  • Evaluate and critically determine the likely commercial opportunities and risks for the business model in an intended creative commercial environment
  • Identify key commercial drivers in different creative business models
  • Evaluate the business model elements required for financial success in a specific creative commercial environment
  • Apply critical analysis to existing creative industry business models and anticipate future relevant innovations due to marketplace trends
  • Interpret complex commercial environments
  • Demonstrate effective communication to persuade and influence stakeholders
  • Evaluate business needs for expert intervention
  • Demonstrate effective report writing skills
  • Demonstrate good oral communication and presentation skills
  • Demonstrate an ability to evaluate a commercial opportunity

Assessment

  • 50% coursework
  • 50% presentation

Applied Business Statistics

By the end of this module you will be able to make informed assessments of the design and construction of quantitative data sources and their implications for analyses in support of business decisions. You will learn how to appropriately prepare and analyse quantitative data using statistical software and will apply and interpret a range of forms of statistical analysis competently.
 
The module will focus on concepts, methods and skills central to quantitative analysis, including data collection approaches and concept operationalisation. Coverage of techniques will extend from bivariate to multivariate analysis approaches, but also include techniques relevant to specific analytical goals (e.g. factor analysis, principal components analysis and cluster analysis).
 
Teaching methods will include a combination of practical classes and workshops. Students will gain hands-on familiarity with relevant quantitative methods to support business decisions.

Learning Outcomes

By the end of the module, you should have a critical appreciation of:
  • Critically reflect on and provide well-grounded reflection on the appropriate type of quantitative analysis required for specific business decisions
  • Understand the validity and robustness of the findings reported in analyses in support of business decisions
  • Critically reflect upon the presented results and the extent to which these support conclusions drawn
  • Identify parts of a business challenge that require quantitative analysis
  • Develop an approach for the quantitative analysis in support of a business decision
  • Perform and evaluate the results of basic quantitative methods (such as correlations, Chi-2, factor analysis, regression analysis)
  • Be able to determine the extent to which analysis presented is appropriately researched
  • Be able to challenge quantitative analysis presented, and suggest possible additional analyses
  • Select and use appropriate quantitative research approaches
  • Demonstrate effective understanding of decision-making underpinned by quantitative analysis

Assessment

  • 30% assignment
  • 30% assignment
  • 40% report

Entrepreneurship

This module will include teaching on entrepreneurship and the economy; the theories of entrepreneurship; recognizing and measuring entrepreneurial tendencies; and entrepreneurship in different organizational contexts.
 
The aims of this module are to introduce you to the field of entrepreneurship; to examine the role entrepreneurship plays in modern economies; to analyse the different types of activity contained within the definition, and the main theoretical and analytical approaches used to understand the concept; to consider entrepreneurial innovation at different stages of a business (from start-up to more mature firms); to enable you to assess your own entrepreneurial tendencies; and to enable you to test your own theories 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 contextualise 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

Key Topics in Media and Creative Industries

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

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. Key/transferable skills
  • 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
  • Be able to plan, organise and manage coursework assignments, demonstrating independence, initiative and originality

Assessment

  • 100% coursework

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

Loughborough University London prides itself on the high calibre of graduates it produces, and provides great opportunities for you to develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Entrepreneurial behaviour is a key competency required by a growing number of employers and this programme will prepare you whether you wish to pursue a career in the creative industries, in an innovative SME, an established organisation or self-employment.
 
Having a robust understanding of business and the innovation process coupled with the skills required to take action will be fundamental to your success in the current marketplace.
 
Graduates from our MSc Managing Innovation in Creative Organisations will also have the opportunity to enhance their knowledge and career prospects further by undertaking an MPhil or PhD programme.

Your personal development

Our MSc Managing Innovation in Creative Organisation 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.

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.

90% fee reduction for selected students with an inspiring business idea.

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