Innovation and entrepreneurship is 10 ECTS course for bachelor students in Music Management at the Rhythmic Music Conservatory.

COURSE DETAILS
Title: Innovation and entrepreneurship
Duration: –
Credits / ECTS: 10 ECTS
Schools / Organizations: Rhytmic Music Conservatory
Participants: Bachelor students in Music Management
Teachers: Internal teachers

COURSE DESCRIPTION
The course focuses on four key areas of innovation, intrapreneurship and entrepreneurship in the music industry:

First, the course focuses on innovation in the music business and other creative industries, including on the specific challenges and conditions associated with innovative activities and innovation in the music industry.

Second, the course focuses on the management of the innovation process and the entrepreneurial action that is behind and the key activities to be undertaken in connection with this. The core activities of the innovation process are:

• Idea creation that includes creativity, recognizing opportunities and sources of innovation;
• Selection and evaluation of innovative ideas for further development;
• Completion of development activities so that the selected ideas are realized in concrete solutions;
• Creating value from innovations – how is it that is being created value of the developed solutions.

The third and fourth focus area of the course deals with intra- and entrepreneurship, which must be understood as implementation of innovation processes in the framework of the existing or newly established company. It will contain particular emphasis on the challenges associated with the implementation of innovative processes in an existing organizational context versus starting a new business with innovative concept / product / service. Including the course focuses on the approach to and the purpose and structure of a business and the challenges associated with the formulation of strategy in start-up projects of an innovative nature.

LEARNING GOALS

• Knowledge and understanding of theories, methods, models and practice of innovation and entrepreneurship, and the use of these elements in the music industry.
• Skills in applying the theories, methods, models and practices for concept development, planning and management of innovative and entrepreneurial projects and activities.
• Competencies, independently and in collaboration with others, to work with innovation, management innovation and start-up of new projects / companies in the music industry as well as to identify and acquire additional knowledge and apply relevant professional tools related thereto.

EXAMS
The students will be rated on an individual assignment. The assessment is formative and summative, depending on the examinator and censor, and the students will be rated after the grading scale with external censorship.