Module 1
Introduction to Entrepreneurship and Innovation
Welcome to Module 1 of "ENT 211: Entrepreneurship and Innovation": Introduction to Entrepreneurship and Innovation. This module sets the foundation for understanding key concepts and theories in entrepreneurship and innovation.
As you engage with this content, you will gain insights into the role of entrepreneurs in driving economic and social change, the differences between various entrepreneurial approaches, and the theoretical frameworks that shape entrepreneurial thinking.

Module Objectives

Understand the Definition and Concepts of Entrepreneurship: Grasp the broad and dynamic nature of entrepreneurship, including how it goes beyond mere business creation to encompass value creation, problem-solving, and innovation. Differentiate Between Entrepreneurship and Intrapreneurship/Corporate Entrepreneurship: Explore how entrepreneurship differs from intrapreneurship and how both contribute to innovation in startups and established organizations. Learn Key Theories of Entrepreneurship: Understand the foundational theories that explain entrepreneurial behavior, including the Schumpeterian perspective and other influential models. Analyze the Rationale and Relevance of Entrepreneurship: Delve into why entrepreneurship matters, focusing on risk-taking, opportunity-based entrepreneurship, and the concept of creative destruction.

Why This Module Matters

Module 1 is the cornerstone of your journey into entrepreneurship and innovation. It provides essential knowledge that will guide your understanding of entrepreneurial principles and practices. Whether you plan to start your own venture, innovate within an existing organization, or simply broaden your business acumen, this module equips you with the theoretical and practical frameworks to thrive in the world of entrepreneurship. By mastering the fundamentals introduced here, you will be well-prepared to explore more advanced topics and practical applications in subsequent modules. Prepare to embark on an engaging journey into the world of entrepreneurship and innovation. By the end of this module, you will have a solid foundation in the core concepts, theories, and practices that define entrepreneurship, setting the stage for more advanced learning in subsequent modules.