Innovation and Entrepreneurship

Programme

Science in Aerospace Engineering

Level of Qualification|Semesters|ECTS

| Semestral | 5

Year | Type of course unit | Language

3 |Mandatory |Português

Code

ULP1393-10784

Recommended complementary curricular units

This discipline requires mastery of some basic knowledge developed in previous disciplines, such as Management and Marketing. Moreover, the contents addressed represent an important technical framework for the development of new business ideas, which should be useful for the end of course project.

Professional Internship

Não

Syllabus

1. Introduction to entrepreneurship: The entrepreneurial perspective
2. The profile and types of entrepreneur
3. The entrepreneurial process
4. Ideas and opportunities
5. The Business Plan
6. Sources of funding
7. Why innovate?
8. Types of innovation
9. Innovation in management
10. Process of innovation
11. Innovation initiatives in management
12. Innovation in promoting: the role of virtual reality

Objectives

At the end of the course unit, students should be able to

1. Understand the entrepreneurial process, namely how companies employ it to obtain competitive advantages;
2. Realize ideas and convert them into viable business;
3. Elaborate a business plan for a new enterprise;  
4. Define the strategy of a new business, including an operational and a financial plan.

Teaching methodologies and assessment

In addition to the expository component, the classes include discussions based on real cases, as well as interactive activities. These aim to develop students¿ autonomy, as well as their critical and holistic view towards innovation and the entrepreneurial process.  The assessment, in turn, includes four elements: two group assignments and two written tests. The first work - Pitch - serves the purpose of initial presentation of the project idea to be developed; and the second will be the final work - consisting in the elaboration of a business plan for a new entrepreneurial idea; The two frequencies consist of written tests, which may include the resolution of practical cases. The first assignment corresponds to 10% of the final grade and the second assignment (final) to 40%, while each of the frequencies corresponds to 25% of the final grade.

References

• Drucker, P. (2006). Innovation and Entrepreneurship, Harper Business
• Hisrich, Peters, Shepherd (2017). Entrepreneurship, New York, McGraw-Hill Education.
• OCED (2006). Innovation and Growth in Tourism.
• Wickham, P. (2006). Strategic Entrepreneurship 4^th ed. Essex, Pearson Education Limited.

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