Course detail

Technological Entrepreneurship

FP-StpPAcad. year: 2021/2022

Technology Entrepreneurship is ideal for students with basic knowledge in science, technology, engineering or mathematics who want to acquire the necessary business and innovation skills to develop successful businesses where technology plays a key role.

During their studies, students will develop creative thinking, the ability to initiate product, process and value innovation, and develop market expansion strategies. The subject deepens the entrepreneurial knowledge and skills of students and thus provides better conditions for their future application in practice.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Learning outcomes of the course unit

The purpose of this module is to provide students with an opportunity to facilitate the application of the knowledge gained during their studies to a technology project and then to apply it in practice. The field of application of knowledge differs in relation to the topic, but it is usually a project aimed at analyzing and solving a specific technological problem in a selected company.
To successfully complete this course, the student is expected to:
• actively participates in the solution of the technological project,
• accumulate relevant information for analysis in the chosen field
• analyzes and evaluates the information obtained critically and processes several alternatives to the solution,
• simultaneous presentation of alternatives of solution.

Prerequisites

The course requires the following knowledge, skills and competences:
Knowledge: In the field of technology, a basic overview of engineering, electrical engineering and electronics is assumed. In addition, basic IT and programming skills such as programming and data preparation for 3D printing. Knowledge of working with MS Office programs such as MS Word, Excel and Power Point is expected for project processing and presentation.
Skills: Ability to communicate with students and business representatives, collect and process data. Ability to defend the results of the project.
Competence: working on a concrete problem.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

This course contains a small part of the preliminary consultations with the lecturer and the tutor and knowledge of the business environment. It will be a practical learning process aimed at processing a real technological problem. After completing this course, students gain experience in the field of business practice.

Assesment methods and criteria linked to learning outcomes

Elaboration of a written team project
The final evaluation of the technology project is based on the quality of the critical analysis of the problem. Then on the solution of the problem. The total number of points that a student can obtain is 50 points, which is divided according to the qualitative evaluation criteria as follows:
• 40 points - analysis of the technological problem, proposals for its solution and ev. Processing of the final product (model or prototype).
• 10 points - elaboration of the project in written form (semester work).
The student must obtain at least 20 points from the technological project.
A WRITTEN TEST
The written test will be composed of a range of topics. The content of the topics is based on slides from lectures. The student must write five open questions, which are evaluated a total of 50 points (5 x 10) and which are selected from the range of topics with a time of 60 minutes. The written test is evaluated by the lecturer.
The student must obtain at least 50% of the written test (ie 26 points). If the student does not obtain at least the mentioned 50% of points in the first term, he / she has the opportunity to sign up and sign up for a corrective written test. The written test is a mandatory part for the final classification. Dates for the written part will be published in the faculty IS.
OVERALL POINT EVALUATION
1) Technological project - 0-50 points.
2) Written test - 0-50 points (it is necessary to obtain at least 50%, ie at least 26 points).
Overall rating:
A - 91-100 points
B - 80 - 90 points
C - 68 - 79 points
D - 57 - 67 points
E - 46 - 56 points
F - less than 45 points
Reasons for not awarding the final classification !!!
• non-presentation of the technological project,
• failure to submit a technological project on time,
• gaining less than 45 points,

Course curriculum

Technological business: trends, opportunities, challenges. 5 pillars of technological business.
Technological entrepreneurs: vision, opportunity orientation, foresight, cooperation orientation, business self-efficiency. Skills (competencies): dynamic competencies, competence improvements, technological competencies, creativity.
Emergence of opportunities and evolution: discovery, knowledge, discontinuity, bold innovation, disruptive innovation. Knowledge acquisition: knowledge, open innovation, networks, alliances. The process of generating ideas.
Development of markets, products and services: concept of novelty, technology of excitement - disruptive strategies, Concept of leanness - lean and innovative company.
Business entities and development and implementation of technological business plan: business entities, meaning and parts of business plan.
Growth and exit from technological business: growth model, exit strategies (succession, takeover, mergers, listing on the stock exchange).
Emerging future: global warming and energy, climate change, healthcare, robots, artificial intelligence, the Internet of Things.
Internationalization of enterprises: JV
Knowledge management: data, knowledge information, intellectual capital

Work placements

Not applicable.

Aims

The aim of this subject is to provide students with the knowledge and skills of technology business to be able to elaborate and present a project of technological innovation.

Students should solve either a practical problem in a selected company or solve a problem based on their own choice.

Specification of controlled education, way of implementation and compensation for absences

Lectures are optional. Attendance at seminars is compulsory. It is also mandatory to participate in the project.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

CHASTON, Ian. Technological Entrepreneurship. Technology–Driven vs. Market Driven Innovation. 1st. edition. Cham Switzerland: Palgrave Macmillan. 2017. 299 pp. ISBN 978-3-319-45849-6. (EN)
DUENING, T.N., HISRICH, R.D. and M. A. LECHTER. Technology Entrepreneurship. 2nd Edition. London: Elsevier. 2015. 370 pp. ISBN 978-0-12-420175-0. (EN)

JUROVÁ, Marie. a kol., 2016. Výrobní a logistické procesy v podnikání. Praha: Grada. ISBN 978-80-247-5717-9.

(CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme RRTES_P Master's

    specialization RRES , 1. year of study, summer semester, compulsory-optional

  • Programme MGR-SRP Master's, 1. year of study, summer semester, compulsory-optional

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

Technological business: trends, opportunities, challenges. 5 pillars of technological business.
Technological entrepreneurs: vision, opportunity orientation, foresight, cooperation orientation, business self-efficiency. Skills (competencies): dynamic competencies, competence improvements, technological competencies, creativity.
Emergence of opportunities and evolution: discovery, knowledge, discontinuity, bold innovation, disruptive innovation. Knowledge acquisition: knowledge, open innovation, networks, alliances. The process of generating ideas.
Development of markets, products and services: concept of novelty, technology of excitement - disruptive strategies, Concept of leanness - lean and innovative company.
Business entities and development and implementation of technological business plan: business entities, meaning and parts of business plan.
Growth and exit from technological business: growth model, exit strategies (succession, takeover, mergers, listing on the stock exchange).
Emerging future: global warming and energy, climate change, healthcare, robots, artificial intelligence, the Internet of Things.
Internationalization of enterprises: JV
Knowledge management: data, knowledge information, intellectual capital

Exercise

13 hours, compulsory

Teacher / Lecturer

Syllabus

1. Finding ideas for innovation in technology space.
2. Evaluation of topics. Establishing a competitive advantage in relation to the market situation.
3. Market analysis.
4. Determining the competitive advantage of innovation in relation to the market situation.
5. Change of business model, financial evaluation. Financial appreciation, market entry strategy.
6. Process management in a company.
7. Implementation of the project in the selected company, eventually. in JIC
8. Implementation of the project in the selected company, eventually. in JIC
9. Training in JIC, project realization in selected company, eventually. in JIC
10. Implementation of the project in the selected company, eventually. in JIC
11. Team project presentation.
12. Team project presentation.
13. Team project presentation.