Entrepreneurship has become an increasingly popular activity that can be evidenced in different spheres of the economy and society. More commonly, entrepreneurial behaviors are associated with new start-up ventures where risk, ownership, and management are combined to exploit new market or technological opportunities. But such activities can also be seen in corporate, social, public, civic, community and small business contexts to reflect organizational efforts to sustain competitive advantage, uniqueness, and novelty. This is partly because the twenty-first century is characterized by a fast moving, competitive and global economy. Sustaining a competitive advantage requires that individuals, companies, and nations are able to anticipate and stimulate (rather than merely manage) change.
Entrepreneurship is about exploiting ambiguities and contingencies. More importantly, entrepreneurship is about experiencing a tension between ‘what is’ in the present and ‘what should be’ in the future – and then converting that tension into an entrepreneurial problem that can resolve the tension. Such a process demands concepts and knowledge from different disciplines and the integration of these concepts with the know-how and practical experience of daily business practice.
The program aims at achieving that integration, optimally balancing theory and know-how.
About Our Study Program
The Master in Entrepreneurship & Innovation is a program of the Luxembourg Business Academy, a privileged partnership between the University of Luxembourg and the Luxembourg Chamber of Commerce.
Master programs accredited by FIBAA, an internationally-recognized agency for quality assurance and quality development in higher education, in November 2015 for a period of five years.
Mode of delivery
This is participative and interactive. In all courses, there is a balance between theory and practice (we use cases from businesses, talks by business owners and entrepreneurs, visits incubators, the Chamber of Commerce or companies). In some courses, we involve practitioners drawn from the local business community.
In the second year, there is a more reflective and theoretical discussion about organizational practices (and the meaning/implications of, for example, entrepreneurship for society and the role of innovation in the wider economy). This means that students are stretched to think critically about these processes rather than merely taking them for granted as accepted ways of thinking or organizing.
Study abroad option
In semester three, students have the option to study abroad during which they can take relevant courses at partner institutions in different international environments (NB: the particular partners are still being developed).
Program taught in: