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Creativity and Venturing

Code: SCI3089

Extent: 20-25 cr

Language: English

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

Prerequisites: -

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.

 

 

Code

Name

Credits

Period                   

Compulsory course

 
TU-E1021 Strategies for Growth and Renewal 5 III-IV
Compulsory courses, choose 1-2 courses
TU-E4040 Opportunity Prototyping 3 I
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-E4030 Entrepreneurial Finance  5 IV
TU-E4050 Entrepreneurial Leadership  5 V
TU-E4070 Entrepreneurial Marketing  5 IV
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-E4040 Opportunity Prototyping  3 I
TU-E4060 Design and Innovation in Context  6 II
23E85000 Storytelling - A Narrative Approach for Entreprenership  3 I
25E18000 Sustainable Enterpreneurship 6 IV
25E50000 Venture Ideation 6 I
25E44000 Venture Formation 6 II
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.

 

 

 

 

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