Combining the strengths of UMIST and The Victoria University of Manchester Innovation, Sustainability and Entrepreneurship Dr. Paul Dewick Manchester Institute of Innovation Research Tel: (3435), Room 5.13 MBS-HH

Combining the strengths of UMIST and The Victoria University of Manchester What do you think are the three most important technologies of the last seventeen years and why? Aims for this session….to: 1. introduce you to the ISE specialism… 2. outline course options…. 3. key take home message….and 4. answer any questions you may have

Combining the strengths of UMIST and The Victoria University of Manchester Patently Absurd Innovation = Invention + Commercialisation Cooper (2004) Patently Absurd: The Most Ridiculous Devices Ever Invented, Robson

Combining the strengths of UMIST and The Victoria University of Manchester Entrepreneurship: the skill to spot opportunities and create new ways to exploit them

Combining the strengths of UMIST and The Victoria University of Manchester Strategic advantage From Tidd and Bessant (2005), Managing Innovation, Wiley By offering something, for example,…. ….no-one else can (new products) ….in ways no others can (new processes) ….which others find difficult to master (complexity) ….others cannot unless they pay for a license (IP) ….that shifts the nature of competition (from price to quality, choice, etc)

Combining the strengths of UMIST and The Victoria University of Manchester

Combining the strengths of UMIST and The Victoria University of Manchester What do you think have been the most successful innovations over the last twenty years?

Combining the strengths of UMIST and The Victoria University of Manchester Internet I thought you’d say: Computers Telecommunications (mobile phones) Medicine (pharmaceuticals) I thought you might say: Green technology (energy)

Combining the strengths of UMIST and The Victoria University of Manchester Most innovative companies

Combining the strengths of UMIST and The Victoria University of Manchester

Combining the strengths of UMIST and The Victoria University of Manchester The innovation process?

Combining the strengths of UMIST and The Victoria University of Manchester The innovation process + Human resource management+ Finance Management of the process is crucial

Combining the strengths of UMIST and The Victoria University of Manchester ISE specialism modules focus on the management challenge of innovation

Combining the strengths of UMIST and The Victoria University of Manchester Sustainability Latin root of the word: sustinere ‘sus’ means up ‘tinere’ (like tenure), means to hold Thus to sustain something is to hold it up, to support or prolong it

Combining the strengths of UMIST and The Victoria University of Manchester

Combining the strengths of UMIST and The Victoria University of Manchester What has sustainability got to do with business?

Combining the strengths of UMIST and The Victoria University of Manchester Demand side sustainability concerns 3bn new middle class consumers by 2030….

Combining the strengths of UMIST and The Victoria University of Manchester Demand side sustainability concerns ….50% of consumers will do “everything they can to protect the environment”….

Combining the strengths of UMIST and The Victoria University of Manchester Supply side sustainability concerns ….water supply will not keep up with demand….

Combining the strengths of UMIST and The Victoria University of Manchester Supply side sustainability concerns ….commodity price volatility is creating uncertainty and limiting growth….

Combining the strengths of UMIST and The Victoria University of Manchester ….GDP growth, resource extraction and environmental impact continue to be linked…. Institutional sustainability concerns

Combining the strengths of UMIST and The Victoria University of Manchester ….with limited growth in sustainable innovation. Institutional sustainability concerns

Combining the strengths of UMIST and The Victoria University of Manchester “Making your business sustainable in today’s world is an absolute imperative. The business case for sustainable growth is clearer than ever and the urgency of the issues we face means that business leaders have no choice but to act.” Paul Polman, Chief Executive Officer, Unilever, 2012

Combining the strengths of UMIST and The Victoria University of Manchester Successful sustainable innovators Don’t take my word for it…

Combining the strengths of UMIST and The Victoria University of Manchester Contents What’s this layout for? Formatting for contents slide – this slide has slightly different spacing between lines to emphasise topics FTSE Share Price Index – O&G Producers & BP 25 FTSE O&G Producers BP

Combining the strengths of UMIST and The Victoria University of Manchester ISE specialism modules focus on the management challenge of sustainability

Combining the strengths of UMIST and The Victoria University of Manchester Year 2 ISE options MCEL20032 Business Intrapreneurship Skills BMAN20310 Sustainable Business (20) BMAN20481 Innovation in Product Markets BMAN20932 Sustainable Innovation Management BMAN24001 Fundamentals of Managing Innovation and Enabling Creativity (10 credits unless otherwise stated)

Combining the strengths of UMIST and The Victoria University of Manchester Year 3 ISE options BMAN31500 ISE Dissertation (30) BMAN31111 Entrepreneurship & Small Business Development BMAN31360 International Competitiveness & Innovation (20) BMAN31420 Global Management, People & the Digital Divide (20) BMAN31550 Leadership & Success at Work (20) BMAN31731 Behavioural Strategy MCEL33321 Cases in Sustainable Development (10 credits unless otherwise stated)

Combining the strengths of UMIST and The Victoria University of Manchester Key take-home message Never been a more important time to be a student of ISE Management of innovation and sustainability and entrepreneurship is crucial “at every level the greatest obstacle to transforming the world is that we lack the clarity and imagination to conceive that it could be different” (Roberto Unger)

Combining the strengths of UMIST and The Victoria University of Manchester

Combining the strengths of UMIST and The Victoria University of Manchester Or later, contact (in the first instance): MBS HH 5.13