|ENTREPRENEURSHIP AND INNOVATION|
|Course Description *Click course title for syllabus link||Admin Info||Next Session Details||Fall 2019||Winter 2020||Summer 2020|
|APS1012H: Management of Business Innovation and Transformational Change||Course will be delivered Asynchronously||WINTER 2020: ONLINE, Kick-off Class, January 6, 9-12pm, BF215 |
Summer 2020 - ONLINE:
Week 1 - June 1st - June 5, 9-12pm;
Week 2 - June 15 - June 19, 9-12pm
Course add deadline: June 3
Course drop deadline: June 8
|APS1013H: Applying Innovation in Engineering and Business Operations||FALL 2019: Sept 09 - Dec 09, Mondays, 9-12pm in BA2195||x|
|APS1015H: Social Entrepreneurship||It is strongly recommended that students who are interested in the course attend the first lecture including waitlist students.||WINTER 2020: Jan 09 - April 02, Thursdays, 3-6pm in BA2145||x|
|APS1023H: New Product Innovation||FALL 2019: Sept 12 - Dec 05, Thursdays, 6-8pm in BA024|
SUMMER 2020 - ONLINE: May 7 to July 23, Thursdays - 6pm to 8pm
Course add deadline: May 7
Course drop deadline: July 23
|APS1033H: Business Innovation Leading to the Future, Based on|
|FALL 2019: Sept 10 - Dec 03, Tuesdays, 6-9pm in BA2145||x|
|APS1035H: Technology Sales for Entrepreneurs||FALL 2019: Sept 10 - Dec 03, Tuesdays, 6-9pm, MY320||x|
Formative Experiential Entrepreneurial Learning (FEEL™)
|WINTER 2020: Jan 08 - April 08, Wednesdays, 12-3pm in MY490; TUTORIAL, Tuesdays, 12-2pm in MY490||x|
Inventrepreneurship (Invention + Entrepreneurship)
|Course application details can be found in the course description details further down this page||WINTER 2020: Jan 8 - April 8, Wednesdays, 6-9pm in BA2195||x|
|APS1061H: Business Strategy and Intrapreneurship||Course will be delivered both Asynchronously and Synchronously||SUMMER 2020 - ONLINE: |
Wk 1: July 31, Aug 4-7,
Wk 2: Aug 17-21, Aug 28, 2020, daily from 9am-12pm
Course add deadline: Aug 4
Course drop deadline: Aug 7
|APS1088H: Business Planning and Execution for Canadian Entrepreneurs||FALL 2019: Sept 09 to Dec 02, Mondays, 6-9pm in MY360||x|
APS1012H: Management of Business Innovation and Transformational Change
This course will provide students with the core concepts required to manage and continuously renew a business enterprise. It focuses on business innovation including; strategic thinking, transformational change management, future state visioning, innovative enterprise design & development, new product development, business process management and sustaining a culture of innovation. It has been designed for those who desire a career path leading to a role as a corporate change agent such as CEO, COO, Senior VP’s, C-Level Certified Management Consultants, or as entrepreneurs. This seminar style course will equip students with the knowledge and the skills to manage business innovation at strategic and operational levels. The management of innovation is interdisciplinary and multi-functional, requiring the alignment of market forces, technological systems and organizational change to improve the competitiveness and effectiveness of organizations and society. The process of innovation management is generic, although organization, political, technological and market specific factors will guide strategic choices and actions. This course will incorporate both academic readings to provide the broad theory of business innovation but most of the readings and discussions will be based on the instructors many years of hands on deep practical experience leading major business transformation initiatives. The instructors case studies will cover a wide variety of industry sectors; aerospace & defense, automotive, food production, industrial equipment, pharmaceutical, family owned businesses, plastics, IT systems integration, electronics, power distribution, newspaper publishing and others. The case studies range from transforming an aerospace enterprise with over 25,000 employees to scaling a family owned SME-industrial equipment manufacturer over a 15-year period.
APS1013H: Applying Innovation in Engineering and Business Operations
Applying Innovation in engineering and business operations is delivered in collaboration with external industry partners across many industry sectors from large aerospace enterprises to entrepreneurial startups. It has been designed to develop, and acquire practical management skills that can be applied in the workplace immediately. Its purpose is to accelerate career advancement. It has been designed for those who desire a career path leading to a role as a corporate change agent such as CEO, COO, Senior VP’s, C-Level Certified Management Consultants, or as entrepreneurs. It will teach students the application of the tools and techniques of business innovation management including; strategic and systems thinking, business process analysis, creativity and problem solving, solution design & implementation, emotional intelligence, effective organizational teamwork and project management. This seminar style course aims to equip students with the knowledge and skills to apply the tools of creativity and innovation to solve a real world technological business problem on the site of the industrial partners. Applying innovation will enable students in a team approach to actually use the tools in the class and on an industrial project either at an external enterprise or even your employer. This course will also incorporate academic scholarly papers that will build on the readings in the Management of Innovation APS1012 course. In addition the instructor will provide team coaching based on many years of deep hands on practical experience leading transformation change across a variety of industry sectors. Though not mandatory it would be ideal if students have completed the course APS1012 – Management of Business Innovation that provides students with a conceptual understanding of the broad field of strategic business innovation. This course has also been aligned with APS1049 (Management Consulting), APS1028 (Operations and Production Management), and AER1601 (Aerospace Engineering and Operations Management).
APS1015H: Social Entrepreneurship
This course is designed for engineering students interested in starting a business venture that advances social and/or environmental good. The course provides students with as real a “social entrepreneurship” experience as is possible within a course setting – students will, independently or in groups, construct a Business Model for their entrepreneurial idea, and will pitch their model to a panel of Angel investors. Most lectures will run workshop-style: industry experts (in social marketing, social finance, HR, law and other fields), along with real social entrepreneurs, will work one-on-one with students to help refine their business models in preparation for the investment pitch. Other lectures, along with course readings, will focus on understanding the field of social entrepreneurship, with a particular emphasis on topics relevant to engineering such as clean tech commercialization and the growing field of “impact investing”
APS1023H: New Product Innovation
This course examines technical and organizational aspects of managing new products and process innovations. Topics include human creativity and problem solving, product design and development, product feasibility assessments, requirements engineering, managing research and development, project management, team communication, technology implementation, and innovation strategy.
APS1033H: Business Innovation Leading to the Future, based on Imagineering
Joseph C. Paradi
This course will demonstrate how an entrepreneurial person could get ahead of the curve as the future of technology develops. Instructors and guests will train the students to use their technical skills and problem solving abilities to identify where the world around them will be 10 or more years from now. The future is where the students in this course will have to live and prosper.
However, the skills learned here will be immediately useful when getting a job now – your accomplishments in the course will show how ready you are to tackle problems now and in the future. The core goal is to assess opportunities many years in the future and using “Imagineering” to identify startup possibilities and how to pick the best ones.
Topics covered will all be designed to increase the student’s competence in the Canadian business world. Such aspects include the assessment of what future technological challenges will emerge and how to find the business opportunities to solve such problems in both private and public contexts. The students will learn how seek business opportunities for their firms or themselves and communicate such vision to decision makers. Thus, they will improve their marketability when seeking a job.
The delivery is via 12 three hour sessions with a mix of lectures, outside speakers, group work and presentations on topics on emerging/future opportunities. There is an emphasis on technological leadership as the course teaches you how to be out front and be seen as a leader. Topics may include the social problems of wastewater engineering, air/particulate emissions, traffic engineering, project definition and financing and others.
A highly interactive environment will encourage out of the box thinking and innovative approaches to large problems which impresses potential employers and your co-workers. There will be a number of assignments, projects and a term report. Class interaction with grading will be done in 6 of the sessions where both individual and group presentations will be required. Cases will be used for some of the projects. There will be no written final examination.
APS1035H: Technology Sales for Entrepreneurs
At some point in their careers most engineers and scientists they find themselves with the need to convince their boss, their company, their co-workers, or a client to try some new idea. That new idea, product or service might be so novel that there are no easy comparisons to be made to something existing and proven. This is the crux of the innovator’s dilemma and the title of a famous book by Clayton Christensen1. Most science and engineering schools teach their students how to organize their data and facts. Through group projects students are exposed to the need to argue their point of view, negotiate compromise, and then present their results and ideas to their professors to get the best marks.
Many schools also give students an opportunity to develop business plans. However, very few schools teach their students how to sell their technological ideas to a complex audience who often have conflicting views and needs, and perhaps limited technical knowledge, but who all have some influence on the decision. In fact, in most cases the decision makers have little or no technical competence in the specific subject in question and the engineer/scientist’s argument often comes down to “trust me”. If Nikola Tesla had been able to take this course he might not be a forgotten scientist who had a car named after him.
The course is all about how to get people to listen and gain enough trust in you to take a chance on your offer. Students will learn the keys to selling a “customer” on an idea, product or service that they passionately believe in. The course is designed to have a variety of learning objectives which are delivered via lectures, exercises, role playing, group presentations and homework assignments. The students will learn how to organize and communicate their thoughts and facts in a way that will increase their probability of succeeding in convincing the decision makers that they should take a chance on a new idea or innovation.
Some students may come with or develop real, viable ideas. In those cases the instructor may introduce them to the Hatchery or one of the many incubators and accelerators on campus and in the GTA, and even commercial companies that might have an interest in their product or service.
APS1036H: Formative Experiential Entrepreneurial Learning (FEELTM)
This course will provide you with an opportunity to experience the journey that it takes to create a START-UP. The main course deliverable will be a fully developed Business Model Document and a 6 minute investor ready pitch.
The FEEL TM methodology, used in this course, provides students with a hands-on opportunity and a real world application of the entrepreneurship mindset. The course will help students define a start-up that creates value for co-founders while creating a forum for mentorship and knowledge exchange. The course is structured as a process to define the startup’s business model, the creation of a business canvas and an investor pitch deck. Students will be guided on the use of tools to manage team building/dynamics, market fit, scaling, user insight generation, pitching and the FEEL’s modified business model generation canvas (*). Students will be working in teams. Team members can be fellow students or outside the classroom partners.
This course will also provide students with an understanding, guidance and access to resources in the University of Toronto’s start-up eco-system, featuring the Entrepreneurship Hatchery at the Faculty of Applied Science and Engineering.
*The FEEL Business Model Generation Canvas uses principles originally created by Alexander Osterwalder & Yves Pigneur
APS1041H: Inventrepreneurship (Invention + Entrepreneurship)
This course is created by Steve Mann, inventor, entrepreneur, maker, engineer, scientist, designer/artist, and the founder of the field of wearable computing, an industry worth more than $30 billion. You will be taught by Steve and his team of internationally acclaimed technology executives, entrepreneurs, and inventors from top industries. You will produce market-ready prototypes of an invention related to Humanistic Intelligence, Wearable Computing, Phenomenal Augmented Reality, and sensory augmentation. The main deliverable of this course is a final project in the form of a working prototype and a patent application document.
APS1061H: Business Strategy and Intrapreneurship
Steve Treiber, firstname.lastname@example.org, 416-725-1774
APS1061H is designed for engineering students interested in discovering if they have the aptitude and
appetite to lead a large business. Every business executive and entrepreneur will encounter complex
business problems they urgently must solve. The short course format simulates the speed with which such
real-world problems can arise and the speed with which they must be solved. Covid19, SARS, and 9/11 are
examples of extreme events that can destroy a business suddenly. Leveraging some of the problem-solving
skills, you have learned during your engineering education, this course teaches how to define, solve,
communicate, and sell the solution to a complex business problem using an engineering approach.
Challenge Business Problem:
Students will work in groups of 2 to 4 and all groups will develop a solution to the challenge business
problem. The groups will be given a package of materials that identifies the problem in the first session
and all groups will come up with their own definition and solution during the course. This year the
challenge business problem will be: Facebook is launching Calibra, the Libra Association and Libra
digital currency. Calibra will be a mobile pay method intended for people who do not use banks. The
Libra digital currency value will be tied to a basket of international currencies to smooth out value
swings such as those experienced by Bitcoin and others. Facebook is facing a number of challenges
including skittish partners, regulatory and Congressional resistance who fear money laundering and that
sovereign currencies will be undermined. Covid19 could be a threat or an opportunity. Our objective is
to develop a business strategy and plan that will make this business successful.
The core tool that we will use for expressing the business problem, solution and plan is the Business
Canvas of Alex Osterwalder with a focus on how this methodology aligns with existing engineering
problem solving skills. The tool kit, including the Value Proposition Canvas, and The Pitch Canvas are,
defined in the course notes developed by entrepreneurial engineers during their careers developing their
own successful technology start-ups.
The Business Canvas tool will be supplemented by a student developed cash flow projection to
complete the course project report as a summary business plan
APS1088H: Business Planning and Execution for Canadian Entrepreneurs
Steve Treiber & Joseph C. Paradi
The key to entrepreneurial success is focused execution of a great business plan. APS1088 teaches aspiring entrepreneurs how to start a business in Canada. That business could be a start-up, a franchise, or an acquired or inherited business. The business could be for profit or non-profit. Each lecture focusses on an important aspect of starting and running a business, and supports a component of the business plan each student writes as the course project.
• Start-up financing taught addresses all forms from bootstrapping to seeking funding from VCs and Angel investors.
• If you already have a business idea the course will assist you in making that business idea a success and if you don’t have an idea the course will teach you how to find and develop a successful business idea. The instructors may introduce students with exceptionally good business plans to The Hatchery, or one of the many incubators on campus, or even businesses that might be interested in their idea.
• The lecturers who present this course have all started and sold at least one successful business and have contributed their experience to the class notes. Interestingly, we are all immigrants to Canada like the majority of our students and that fact strongly influences the course material and our approach to teaching.
• At strategic points during the course, subject matter experts are invited to address the students in their area of specialty such as marketing strategy, sales, finance & accounting and law.