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Innovation, Sustainability and Entrepreneurship

Innovation, Sustainability and Entrepreneurship. Dr. Paul Dewick Manchester Institute of Innovation Research Tel: 306 3431 (3435), Room 8.15 MBS-HH paul.dewick@mbs.ac.uk. Aims for this session….to:.

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Innovation, Sustainability and Entrepreneurship

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  1. Innovation, Sustainability and Entrepreneurship Dr. Paul Dewick Manchester Institute of Innovation Research Tel: 306 3431 (3435), Room 8.15 MBS-HH paul.dewick@mbs.ac.uk

  2. Aims for this session….to: What do you think are the three most important technologies of the last seventeen years and why? • introduce you to the ISE specialism… • outline course options…. • key take home message….and • answer any questions you may have

  3. Patently Absurd Innovation = Invention + Commercialisation Cooper (2004) Patently Absurd: The Most Ridiculous Devices Ever Invented, Robson

  4. Entrepreneurship: the skill to spot opportunities and create new ways to exploit them

  5. Strategic advantage from innovation • By offering something…. • no-one else can (new products) • in ways no others can (new processes) • which others find difficult to master (complexity) • others cannot unless they pay a license (IP) • that shifts the nature of competition Tidd and Bessant (2013)

  6. But….innovation is not easy

  7. Innovation process + Human resource management + Finance Management of the process is crucial

  8. ISE specialism modules focus on the management challenge of innovation

  9. Sustainability • Latin root of the word: sustinere • ‘sus’ means up • ‘tinere’ (like tenure), means to hold Thus to sustain something is to hold it up, to support or prolong it

  10. What has sustainability got to do with business and management?

  11. Strategic advantage and sustainability • Eco-efficiency saves money and decreases legal problems • Concern for the needs of the poorest develops new markets in a time of saturated markets • Transparency, accountability and stakeholder dialogues build corporate reputations and help guarantee the right to do business • Recruitment and retention of talented staff WBCSD (1992)

  12. “Making your business sustainable in today’s world is an absolute imperative. The business case for sustainable growth is clearer than ever and the urgencyof the issues we face means that business leaders have no choice but to act.” Paul Polman, Chief Executive Officer, Unilever, 2012

  13. Don’t take my (or his) word for it… …all base their commercial success on managing their sustainability performance Don’t take my (or his) word for it…

  14. Examples of organisations involved in sustainable innovation, see: • World Business Council for Sustainable Development (http://www.wbcsd.org/) • Global Reporting Initiative (https://www.globalreporting.org/) • UN Global Compact (https://www.unglobalcompact.org/) • B-Team (http://bteam.org/)

  15. FTSE Share Price Index – O&G Producers & BP FTSE O&G Producers BP

  16. ISE specialism modules focus on the management challenge of sustainability

  17. Year 2 ISE options (40 credits) MCEL20032 Business Intrapreneurship Skills (10) BMAN24001 Fundamentals of Enabling Creativity and Innovation, and Managing Creative Organisations (10) BMAN20481 Innovation in Product Markets (10) BMAN20310 Sustainable Business (20) BMAN20932 Sustainable Innovation Management (10) For more details, see https://ughandbook.portals.mbs.ac.uk

  18. Year 3 ISE options (60 credits) BMAN31500 ISE Dissertation (30) BMAN31731 Behavioural Strategy (10) MCEL33321 Cases in Sustainable Development (10) BMAN31111 Entrepreneurship & Small Business Development (10) BMAN31420 Global Management, People & the Digital Divide (20) BMAN31360 International Competitiveness and Innovation (20) BMAN31550 Leadership & Success at Work (20) For more details, see https://ughandbook.portals.mbs.ac.uk

  19. Key take-home message Never been a more important time to be a student of ISE Management of innovation and sustainability and entrepreneurship is crucial “at every level the greatest obstacle to transforming the world is that we lack the clarityandimagination to conceive that it could be different” (Roberto Unger)

  20. Or later, contact (in the first instance): paul.dewick@mbs.ac.uk 306 3431 MBS HH 8.15

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