1. Combining the strengths of UMIST and The Victoria University of Manchester Innovation, Sustainability and Entrepreneurship Dr. Paul Dewick Manchester Institute of Innovation Research Tel: 306 3431 (3435), Room 5.13 MBS-HH paul.dewick@mbs.ac.uk

2. 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.answer any questions you may have

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

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

5. Combining the strengths of UMIST and The Victoria University of Manchester

6. 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?

7. 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)

8. Combining the strengths of UMIST and The Victoria University of Manchester Most innovative companies 2012 http://www.bcg.com/expertise_impact/Capabilities/Innovation/PublicationDetails.aspx?id=tcm:12-125226&mid=tcm:12-125225

9. Combining the strengths of UMIST and The Victoria University of Manchester

10. Combining the strengths of UMIST and The Victoria University of Manchester Strategic advantage Size and financial assets are important but the advantage is with innovative companies…

11. Combining the strengths of UMIST and The Victoria University of Manchester Successful innovators….

12. 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)

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

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

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

16. Combining the strengths of UMIST and The Victoria University of Manchester Year 2 ISE options BMAN24001 Fundamentals of Managing Innovation and Enabling Creativity (10) BMAN20481 Innovation in Product Markets (10) MCEL20032 Business Intrapreneurship Skills (10)

17. Combining the strengths of UMIST and The Victoria University of Manchester Year 3 ISE options BMAN31500 Innovation, Sustainability and Entrepreneurship Dissertation (30) BMAN31111 Entrepreneurship & Small Business Development (10) BMAN31360 International Competitiveness & Innovation (20) BMAN31731 Behavioural Strategy (10) BMAN31550 Leadership & Success at Work (20) BMAN31372 Managing New Product Development (10)

18. 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

19. Combining the strengths of UMIST and The Victoria University of Manchester

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

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

22. 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”….

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

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

25. 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

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

27. Combining the strengths of UMIST and The Victoria University of Manchester Sustainable innovation New/modified products, services, processes, forms of organization, business models …that add value…. ….and reduce/avoid environmental impacts…. ….and/or improve quality of life.

28. Combining the strengths of UMIST and The Victoria University of Manchester Successful sustainable innovators Don’t take my word for it… http://www.sustainability-indices.com/

29. 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

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

31. Combining the strengths of UMIST and The Victoria University of Manchester Year 2 ISE options BMAN20310 Environmental Management for Sustainable Development (20) BMAN20932 Sustainable Innovation Management (10)

32. Combining the strengths of UMIST and The Victoria University of Manchester Year 3 ISE options BMAN31500 Innovation, Sustainability and Entrepreneurship Dissertation (30) MCEL33321 Cases in Sustainable Development (10) BMAN31420 Global Management, People & the Digital Divide (20)

33. Combining the strengths of UMIST and The Victoria University of Manchester

34. Combining the strengths of UMIST and The Victoria University of Manchester

35. Combining the strengths of UMIST and The Victoria University of Manchester Understand the need for change to a sustainable way of doing things, individually and collectively; Have sufficient knowledge and skills to decide and act in a way that favours sustainable development; and Recognise and (when you’re in business) reward other people’s decisions and actions that favour sustainable development ‘Sustainability literacy’ (Parkin, 2005)

36. Combining the strengths of UMIST and The Victoria University of Manchester Key take-home messages Never been a more important time to be a student of innovation, sustainability & entrepreneurship Management of innovation and sustainability and entrepreneurship is crucial Ultimately...“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

37. Combining the strengths of UMIST and The Victoria University of Manchester

38. Combining the strengths of UMIST and The Victoria University of Manchester Or later, contact: paul.dewick@mbs.ac.uk 306 3431 MBS HH 5.13