Entrepreneurship and Innovations
Instructor: Саша Петковић, PhD, Associate Professor
The subject enables students to understand the importance of entrepreneurship and innovations in all forms of organization and society and to understand entrepreneurship as a way of behavior and action. Students acquire the ability to learn the basic principles of modern entrepreneurship in the economic theory and practice, as well as to acquire the basic skills and competences of creative thinking, proactivity, acceptance of risks, planning and looking for opportunities, teamwork and the transformation of opportunities and ideas into feasible entrepreneurial ventures.
| Code : | О2018ИПРИ |
|---|---|
| Status: | C |
| Semestar: | 6th |
| Number of classes per week: | 4+2 |
| ЕECTS: | 7 |
| Teachers: |
Саша Петковић,
PhD Associate Professor Јадранка Петровић, PhD Senior Assistant |
| Prerequisites: | No prerequisites. |
| Learning Outcomes (gained knowledge): | As one of the eight fundamental life competencies defined by the EU, needed to each individual for success in life, the subject is designed to encourage entrepreneurial behavior and action in students, from individual level to the level of complex organizational systems in all sectors (profit, non-profit and government sector). After studying this subject, students will gain basic knowledge of doctrines, principles, strategies and concepts of creation of business ventures based on innovations whose implementation is associated with risk and uncertainty. Students will be able to find innovative solutions in modern business using key knowledge from entrepreneurial economy on the methods and techniques of economic decision-making by applying modern information and communication technologies in relation to entrepreneurial ventures. |
| Subject Contents: | Understanding and characteristics of entrepreneurship. Development of entrepreneurial culture as a global phenomenon. Entrepreneurial creative process. Characteristics of an entrepreneur, entrepreneurs and entrepreneurial managers. Identifying opportunities: from an idea to entrepreneurial venture - techniques of getting business ideas. Strategies of entering into the entrepreneurial venture. Corporate entrepreneurship (intrapreneurship). Family businesses. Social Entrepreneurship. Entrepreneurship of small business (entrepreneurship) - entrepreneurial and growing firms, the economy and the importance of small businesses. Organizational culture and entrepreneurial orientation. Creativity and entrepreneurship. Entrepreneurship and innovations. Sources of innovation and commercialization of innovations. Information and communication technologies and e-business. Financing of entrepreneurial ventures. Entrepreneurial environment and entrepreneurial infrastructure. Business forecasting and megatrends. Business planning of entrepreneurial ventures. |
| Teaching Methods and Learning Activities: | Lectures i.e. transfer of systematic knowledge from the literature on entrepreneurship and practical examples. Illustrations and exercises that involve two-way communication, and students are invited to freely express their opinions on the cases to be discussed. During the semester, two study visits to successful SMEs in the Republic of Srpska will be organized, as well as guest lectures and talks with successful entrepreneurs and managers. |
| Literature: | Petković, S., and Milanović, M. (2017). Laboratory of ideas. From an idea to entrepreneurial venture. Banja Luka: University of Banja Luka, Faculty of Economics. Paunović, B. (2017). Entrepreneurship and Small Business Management. 3rd edition. Belgrade: University of Belgrade, Faculty of Economics. Deakins, D. & Freel, M. (2012). Entrepreneurship and Small Firms. Belgrade: Data status Vukmirović, N. (2012). Entrepreneurship in Economic Theory and Practice. Banja Luka: University of Banja Luka, Faculty of Economics. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |