2020 applicants
Postgraduate Course

MSc Entrepreneurship and Innovation

MSc Entrepreneurship and Innovation

Overview

The details
Entrepreneurship and Innovation
October 2020
Full-time
1 year
Southend Campus

How do we achieve economic prosperity, regional growth and social transformation?

Our MSc Entrepreneurship and Innovation is taught at Essex Business School. It uses innovative and interactive teaching, such as group working and applied projects, to develop your practical business knowledge and employability skills. We hone your entrepreneurial spirit, so you can have the capabilities and confidence to launch your own venture, manage your family business or introduce innovative ideas to improve performance at existing organisations.

This course explores the entrepreneurial issues and challenges high on the agendas of businesses, governments, policy-makers, researchers, educators and wider communities across the world.

You explore topics including:

  • economic, sociological, psychological and managerial theories of enterprise creation theories and practices of entrepreneurship
  • entrepreneurship skills
  • strategic innovation management
  • new venture development
  • how to prepare a business plan

Essex is one of the most entrepreneurial counties in the UK and an exciting place to do business. At Essex Business School, we teach you to take control of your career and create ideas, products and services with real value. Our current Masters students join us from more than 40 countries and our international team of academics help you gain a global understanding of business in established and developing markets, so you can have the best foundation for your career.

Guest lectures give you access to practitioners and policy makers, who share real-world experiences to prepare you to tackle the challenges facing entrepreneurs and SMEs today. Instead of a dissertation, you can opt to complete a comprehensive business plan for your new venture or an existing business, giving you the opportunity to gain valuable feedback on your ideas from academics and industry practitioners.

Our MSc Entrepreneurship and Innovation is also available to study part-time and you don't need to have previously studied business to enrol onto this course.

A number of scholarships and discounts are available for Masters study at the University of Essex, including those for overseas applicants. Postgraduate loans for Masters courses are now available from the Student Loans Company, worth up to £10,000, for students from the UK and EU.

Why we're great.
  • Develop the practical skills necessary to start your own business
  • We explore the entrepreneurial issues high on the agenda of the world’s businesses, policy-makers and researchers
  • You can choose to complete a business plan instead of a dissertation
THE Awards 2018 - Winner University of the Year

Our expert staff

Our academics are at the forefront of real-world entrepreneurial issues and use this knowledge to ensure you experience the very latest teaching and thinking to prepare you for the demands of the modern business world.

Our staff specialise in areas including:

  • internationalisation
  • innovation
  • international marketing strategy and planning
  • international human resource management
  • global supply chain and operations management
  • strategic management

Dr Marta Fernandez De Arroyabe Arranz lectures on the theories and practice of entrepreneurship at our Southend campus. Widely published, her research interests include innovation, networks and entrepreneurship, with a particular focus on SMEs and mergers and acquisitions.

Essex Business School is home to a number of research groups. Our entrepreneurship academics are active members of the School’s Management Science and Entrepreneurship Group producing cutting-edge research into issues affecting the sustainable growth of business, society and the economy. Our Business and Local Government Data Research Centre is where many of our academics explore issues impacting entrepreneurship and innovation, such as local economic growth and access to broadband.

Specialist facilities

Our MSc Entrepreneurship and Innovation is taught at our Southend Campus, just 40 minutes from London and in the heart of the Thames Gateway - one of the Government’s priority areas for economic growth, it is a fitting location for entrepreneurial study. Essex has the highest number of small and medium-sized enterprises (SMEs) in the UK, meaning you are ideally located for networking, launching a business or gaining inspiration to take with you in your future career.

Southend-on-Sea combines the charms of a traditional seaside resort with the attractions of a vibrant, modern town and our campus sits right at the centre. With seven miles of coastline, a thriving arts and cultural scene and a wide variety of restaurants and nightlife all on your doorstep, it’s the perfect place to live and study. Our town centre location has excellent transport links and London Southend Airport is just five minutes away by train, offering fights to over 50 destinations across Europe.

When you choose our Southend Campus for your studies, you’ll have access to a superb learning environment with state-of-the-art facilities, including:

  • 24-hour Learning Hub with computer suites and study pods
  • extensive public and academic library
  • student services desk
  • modern lecture theatres and seminar rooms
  • employability support, events and initiatives
  • study skills advice
  • in-house dentist and Faith Centre
  • our cosy SU Lounge, with pool tables and large-screen TV for socialising and relaxation

A short walk from campus is The Hive Enterprise Centre - a dedicated business hub that hosts networking events and provides finance and marketing support to start ups and growing businesses.

Your future

A Masters degree in Entrepreneurship and Innovation will ensure you have a clear grasp of real-world entrepreneurial challenges and how innovative approaches can be applied to existing organisations to improve performance - giving you an excellent foundation for your future career.

Our curriculum aims to prepare you for a career as an entrepreneur, an owner-manager or a policy maker. Core modules such as Theories and Practice of Entrepreneurship, Innovation Management, and Research Methods will equip you with a critical understanding of the range of economic, sociological, psychological and managerial theories of enterprise creation and development and how they apply in practice, together with an understanding of innovation at an operational and strategic level.

Many of our graduates go on to set up their own businesses or work for government and other policy-making institutions or community based organisations. Recent graduate startups include international business incubator 0100Ventures and entrepreneurship website SlovakSTARTUP. Read our graduate profiles to see more on the types of organisations our alumni work for.

Our University Student Development Careers Services are on hand to help you make the most of your Essex experience. They can help you find out about further work experience, internships, placements, and voluntary opportunities to enhance your employability. You can also access employer talks on campus.

"My Masters gave me the opportunity to put theory into practice, through group projects and assignments like the business report. It gave me the confidence to become a freelance consultant, helping businesses identify new opportunities and develop strategies to gain an advantage in their industry. Working for an agency, I now use this experience to translate brands’ objectives into digital strategies that grow their businesses and generate a better marketing ROI.”

Miguel Enrique Lopez Cedeno, Digital Marketing Executive at Coast Digital and Entrepreneurship and Innovation graduate 2013.

Entry requirements

UK entry requirements

A 2:2 degree or international equivalent, in any discipline.

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here. Please select your country page where you'll find this information.

English language requirements

If English is not your first language, we require IELTS 6.5 overall with a minimum component score of 5.5

Additional Notes

The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.

Structure

Example structure

Most of our courses combine compulsory and optional modules, giving you freedom to pursue your own interests. All of the modules listed below provide an example of what is on offer from the current academic year. Our Programme Specification provides further details of the course structure for the current academic year.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

The example structure below is representative of this course if taken full-time. If you choose to study part-time, the modules will be split across 2 years.

Theories and Practice of Entrepreneurship

This module equips you with a critical understanding of a range of economic, sociological, psychological and managerial theories of enterprise creation and development. Live examples, case studies and journal articles show how these theories apply in practice to real business situations. Working in groups and individually, you have the opportunity to suggest strategies for responding to the issues raised in these case studies. Topics include new business creation, innovative growth and the impact of entrepreneurship on economic and social development.

View Theories and Practice of Entrepreneurship on our Module Directory

Creating and Managing the New and Entrepreneurial Organisation

This module helps you to identify and understand the main business functions that can support an entrepreneur when determining whether there is sufficient opportunity to launch a new venture.  You acquire the critical, transferable and practical skills required to create or manage a new or entrepreneurial organisation. You explore how new businesses are developed and managed, including spin-offs from large firms and social enterprises, and learn how to identify new business opportunities. Topics include: idea generation; the development of business models; networking; marketing; finance; human resource management; customer relationship management and driving growth.

View Creating and Managing the New and Entrepreneurial Organisation on our Module Directory

Innovation Management

This module explores how organisations use innovation to gain a competitive advantage by capitalising on organisational, market and technological change. You examine how innovation strategies are developed and managed and acquire the knowledge and skills needed to manage innovation at operational and strategic levels.

View Innovation Management on our Module Directory

Research Methods

Gain the key skills and competencies to carry out management research or prepare a comprehensive business plan, suitable for the completion of a Masters level programme. You address the philosophical issues underlying management research, and discover how to select methods and judge the quality and value of research outcomes.

View Research Methods on our Module Directory

The International Business Environment (optional)

Gain an advanced understanding of the external context within which international businesses operate, and the opportunities and challenges this poses to entrepreneurial firms, large and small. You are introduced to key international trade theories and practices, and the application of these to the study of entrepreneurship. You also discuss the external challenges facing international firms, particularly economic, financial, political-legal, technological and cultural challenges.

View The International Business Environment (optional) on our Module Directory

International Business and Strategy (optional)

Achieve an advanced understanding of international business and strategy, and the content and processes of different international expansion modes. You examine why firms enter international markets, and explore different forms of international growth by observing current business practice, case study evidence and theory.

View International Business and Strategy (optional) on our Module Directory

Managerial Economics (optional)

Managerial Economics applies economic theory to business management, decision making and forward planning. This module explores how economic concepts, such as profit, demand, cost, pricing production, competition and business cycles, can be used to solve business problems.

View Managerial Economics (optional) on our Module Directory

Global Supply Chain and Operations Management (optional)

Matching the ability to supply a product or service with customer demand is vital for any organisation. Excess supply can lead to wastage and increased costs, but too little can irritate customers and result in lost revenue. Supply chain management is a complex and challenging task, but, done right, it can create significant competitive advantage. This module explores how organisations manage their product range and operations to best align supply with demand in a global environment, categorised by expanding product variety, increasing outsourcing, and continuous advances in business analytics. You explore areas such as industry competition, resource allocation, organisational learning and competitive dynamics.

View Global Supply Chain and Operations Management (optional) on our Module Directory

International Human Resource Management (optional)

Explore the impact of internationalization processes on human behaviour within organisations from an international perspective, identifying key aspects of human resource management in multinational firms. You gain an understanding of cross-cultural dimensions of international management, and comprehend trends and challenges in the global work environment

View International Human Resource Management (optional) on our Module Directory

Principles of International Marketing (optional)

This module enables you to master important elements in marketing strategy implementation. You address cross cultural issues and perspectives on international marketing, focusing on buyer behaviour in both B2B and B2C contexts. You explore international market research, the implications for product and service management, marketing communications, channel management, new product development, services marketing and retailing.

View Principles of International Marketing (optional) on our Module Directory

Global Project Management (optional)

Develop the skills and knowledge necessary to manage product development projects in an international business environment, with particular focus on product design methodologies and project management techniques. You explore the hard side of managing global product development projects and the soft issues such as idea generation/selection and teamwork that must be dealt with in order to ensure success of the product development projects.

View Global Project Management (optional) on our Module Directory

Comprehensive Business Plan (optional)

An effective business plan will successfully map out key details of the business venture that the entrepreneur and managers can refer to throughout the businesses development, and evoke the confidence and attention of potential financiers. You develop a business plan to start a new business operation, to expand an existing business operation, to raise finance, generate new market opportunities and/or implement other business goals. You can opt to take this module instead of a dissertation.

View Comprehensive Business Plan (optional) on our Module Directory

Dissertation (optional)

Your dissertation is the culmination of your Masters programme, where you apply the knowledge gained on your course to produce a 15,000 word independent piece of work. You generate an original idea, analyse literature and current knowledge and produce a coherent argument that shows your ability to relate theory to practice. Your dissertation will help you develop vital skills for the workplace, as well as the ability to analyse real problems through an academic lens. You are assigned a supervisor for the duration of your project.

View Dissertation (optional) on our Module Directory

Financial Analysis and Decision Making (optional)

This module equips you with a practical and critical understanding of financial analysis and the decision making of divisional and functional managers. You explore topics such as financial accounting, management accounting and financial management, including how to prepare financial accounts. You learn how accounting information is used to plan, monitor and make decisions and how financial statements can be used to infer business performance.

View Financial Analysis and Decision Making (optional) on our Module Directory

Teaching

We use interactive and innovative teaching techniques to foster your transferable employability skills:

  • tailor the content of your course to more closely fit your interests and aspirations
  • learn through a combination of group working, applied projects and guest practitioner lectures courses focus on practical applications and links with industry
  • we run an open seminar series, giving you access to cutting-edge research from leading academics
  • our lecturers embed the latest research into their teaching, so your education is relevant to real-world entrepreneurial challenges

Assessment

  • Regular assessment is by coursework, presentations, case studies, group work, tests and examinations

Dissertation

  • You submit a 15,000 word dissertation or comprehensive business plan

Fees and funding

Home/EU fee

£11,820

International fee

£18,460

Fees will increase for each academic year of study.

What's next

Open Days

We hold open days for all our applicants throughout the year. Our Southend Campus events are a great way to find out more about studying at Essex, and give you the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing southend@essex.ac.uk and we’ll arrange an individual campus tour for you.

Applying

You can apply for this postgraduate course online. Before you apply, please check our information about necessary documents that we’ll ask you to provide as part of your application.

We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

For information on our deadline to apply for this course, please see our ‘how to apply’ information.

Southend Campus

Visit Southend Campus

With its lively, state-of-the-art facilities and a close-knit international community, Southend is the perfect environment for living and learning.

If you're joining our School of Health and Social Care, East 15 Acting School, Department of Psychosocial and Psychoanalytic Studies, or Essex Business School, you may well be studying at our Southend Campus.

Famous for its beach resort and pier, Southend-on-Sea stretches along seven miles of award-winning coastline, providing plenty of opportunities for a wide range of water sports and leisure activities.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Check out our website to find out more information about our Southend Campus, watch videos and view our campuses.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.


Find out more

The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

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