Master of Science in Innovation & Entrepreneurship
The M.S. in Innovation and Entrepreneurship (MSIE) prepares students for
successful business careers in entrepreneurial new ventures, entrepreneurial
finance (venture capital/private equity), or innovation-related roles in mature
organizations (product planning, product marketing, product development, etc.).
This degree will complement baccalaureate or advanced degrees in a scientific
or engineering discipline, and will be valued by employers in
technology-related or consumer products industries.
The program will
provide students with a solid foundation in the management disciplines
essential to the successful innovation of new ideas, new products and new
business models, whether in the context of an entrepreneurial startup or within
the more structured environment of a mature corporation.
Prerequisites
Prerequisite
knowledge in calculus is a requirement for the program. Candidates who have not
taken equivalent courses will need to take MATH 5304 to meet the calculus
requirement. Degree credit is not earned for program prerequisites.
Degree Requirements
The
University’s general degree requirements are discussed here.
The Master of Science
in Innovation and Entrepreneurship degree is designed for students with or
without previous educational background in innovation and entrepreneurship. The
M.S. degree is obtained by completing a 36-hour program, beyond prerequisite courses,
consisting of: (a) basic core courses; (b) courses in a selected concentration
area; and (c) electives.
The
student may elect to submit a Master’s thesis, which counts as three credit
hours toward the total course requirements.
The MSIE degree requires
18 hours of basic core courses, which provide a solid foundation in the
management disciplines essential to the successful innovation of new ideas, new
products and new business models, including foundational courses in
entrepreneurship and entrepreneurial finance.
The curriculum also
provides two concentration areas, the first focused on the context of an
entrepreneurial startup (New Venture concentration) and the second on the
challenges of managing entrepreneurial innovation within the more structured
environment of a mature organization (Innovation within the Corporation
concentration). The student must take a minimum of 12 hours within one or the
other of the designated concentration areas.
An
additional six hours of electives may be chosen from among any of the
concentration area courses not already taken, the other ENTP electives offered
or, with permission, from among any of the other SOM offerings in the AIM, BPS,
FIN, IMS, MIS, MKT, OPRE, or OB areas.
Basic
Core Courses (21 hours)
Each
candidate must satisfactorily complete the 21 hour basic core consisting of the
following courses:
AIM 6305 Accounting for Managers
OB 6301 Organizational Behavior
FIN 6301 Financial Management*
MKT 6301 Introduction to Marketing
BPS 6310 Strategic Management
ENTP 6370 Entrepreneurship
ENTP/FIN 6315 Entrepreneurial Finance
*FIN
6301 is a prerequisite for both BPS 6310 and ENTP/FIN 6315. The FIN 6301
requirement will be waived if the student has satisfactorily completed an
equivalent course with a grade of B or better.
Concentration
Area Courses (12 hours)
Each
candidate must complete a minimum of 12 credit hours within the selection of
courses offered within one or the other of the two concentration areas:
New Venture Concentration
ENTP
6378 Managing the Emerging Enterprise
ENTP
6380 Entrepreneurial Marketing
ENTP
6385 Entrepreneurial Business Strategies
ENTP
6387 Forecasting Industry and Technology Futures
ENTP
6390 Business Model Development
Innovation within the Corporation Concentration
ENTP
6375 Technology and New Product Development
ENTP
6387 Forecasting Industry and Technology Futures
ENTP
6388 Managing Innovation within the Corporation
ENTP
6390 Business Model Development
ENTP
6398 The Entrepreneurial Experience
Elective
Courses (3-6 hours)
Students
are required to complete a sufficient number of elective hours to earn a
minimum of 36 hours toward the M.S. degree. These courses may be chosen from
among: (a) the courses listed in the concentration areas above; or, (b) the
entrepreneurship courses listed below:
ENTP/FIN
6316 Private Equity
ENTP
6392 Entrepreneurship in the Social Sector
ENTP
6395 Topics in Innovation and Entrepreneurship
With
faculty permission, a student may substitute up to two electives from other SOM
offerings in the AIM, BPS, FIN, IMS, MIS, MKT, OPRE, or OB areas.
Dr.
Joseph C. Picken, Program Director
School
of Management 4.412
(972)
883-4986