Entrepreneurship and Innovation

INTRODUCTION

Entrepreneurship and innovation is vital because it has the potential to raise living standards and generate money, not just for entrepreneurs but also for connected firms. Entrepreneurs also contribute to change through innovation, as new and improved goods enable the creation of new markets. Also, entrepreneurship and innovation, if successfully managed, has the potential to enhance the continent’s middle class, which is critical to sustaining economic progress. To prepare Somali youth for the future, entrepreneurial training should be included into formal education.

PROGRAM GOALS

The bachelor program in business Administration with concentration in Entrepreneurship and Innovation aims to provide a solid background in all areas of business administration and more specialized knowledge in Entrepreneurship and Innovation. Also, entrepreneurship and innovation emphasis will help you grow your entrepreneurial mindset and develop skills that are essential to transform business. You’ll be led through business ventures from the ground up, focusing on how to create financially, ethically and environmentally sustainable solutions in the marketplace. You’ll have the ability to collaborate creatively, apply logic to problems, and complex inductive reasoning in an immersive setting. All entrepreneurship and innovation related courses have prerequisites, so it is important to carefully plan the order of studies.

PROGRAM OBJECTIVES

Students who successfully complete of Business Administration in entrepreneurship and innovation will be fully rounded skilled individuals prepared for the challenges of public sector and industry management. This program at SIMAD serves the following main objectives:

1. Highlight the changing nature of business and the importance of understanding the global business environment.
2. Provide understanding of the ethical issues arising from business decisions and the importance of making reasoned decisions, recognizing the complexity and diversity of the environment.
3. Develop leadership negotiation, and communication skills.
4. Develop critical thinking and problem solving skills.
5. Provide the skills and competencies necessary to become a creative and innovative entrepreneur.
6. Explain how a business plan may help the process of developing a new product idea.
7. Provide an overview of the steps in the design and successful operation of a new business.
8. Engage with case material in a stimulating learning environment.

CAREER OPPORTUNITIES OF BUSINESS ADMINISTRATIONAL IN ENTREPRENEURSHIP AND INNOVATION

The graduate will be able to pursue careers in the private and public sector, in innovation management, entrepreneurship, and the management of small enterprises. Finally, career opportunities include:

1.      Innovation Management

2.      New Business Development

3.      New Product or Service Development

4.      Corporate Entrepreneurship

5.      Process Management

6.      Marketing

7.      Business Sustainability or Corporate Social Responsibility

8.      Research and development

9.      Technology

10.  Project management

11.  Administration

12.  Your own venture

1. Completion of secondary school with a minimum overall average of 50%
2. Should bring the original and a copy of secondary school certificate
3. Should bring Six (6) passport size photos with white background
4. Should bring the original copy of a letter of good conduct issued by your secondary school
5. Should bring a sponsorship letter from your guardian
6. Should successfully pass an admission interview and/or test
7. Pay non-refundable Processing and ID card fees of USD $50 (bank draft)

COURSE STRUCTURE

The faculty of management sciences offers undergraduate programs, and the course structure includes university, faculty, interdepartmental and specialization courses,

UNIVERSITY COURSES

The aim of this program is to explore and analyze the vital role played in the successful running of a firm.  Here is an overview detailing the university courses we have to offer:

• IML I
• Computer studies 
  
• Arabic Language I
• Islamic Studies I
• Study Skills
• IML II 
• CAT
• Arabic Language II
• Principle of management
• Communication Skills
•  ISL.STUDY II
• Research Methodology
• Graduation Project

FACULTY COURSES

The Faculty offers a wide range of high quality courses in a variety of different levels of study: There is an extensive choice of subject specialism’s on offer as well as a focus on education as a discipline. All courses are taught by staff that is nationally and internationally recognized as experts in their field.  Here is an overview detailing the faculty courses we have to offer:

• Commerce
• General Mathematics
• Business Mathematics
• Principle of accounting I
• Introduction to business Org
• Micro economic
• Principle of Accounting II
• Macroeconomic
• Business Law  
• Cost Accounting
• Business Statistics I
• Introduction to Research Methodology
• Business Statistics II
• Principles of Marketing
• Principles of Finance
• Human Resource Management
• Quantitative Analysis

Full time: 5 Years

STUDENTS FEES PAYMENT POLICY

This policy applies to all students, these include: part-time and full-time for both undergraduate and postgraduate and any other person enrolled as a student at the University:

1. Option one: At the beginning of the semester, all semester fees can be paid in full. 

1. Option two: At the beginning of the semester, students should pay 30% of semester fees before he/she registers for the class. In the second installment, 40% of the semester fees should be paid before the midterm exam. The remaining 30% of the semester fees should be paid before the final exam. 
2. After payments of second and third installments, students are eligible to get their clearance cards for midterm and final exams. 
3. Fees Collector officer will be responsible to check fees default when he/she gets a report from the head of the cash unit. 
4. SU will not refund any fees paid unless the student has no remaining semester. 

1. Students and sponsors who unintentionally or intentionally deposit fees will not be refunded but will be forwarded to the next semesters. 
2. Upon graduation period, all extra fees balance should be refunded to the students. 
3. Any student who temporarily or permanently breaks his/her study can request an extra fee refund. 
4. Head of Cash Unit should check the activities of the sponsors.

Bank Accounts

Premier Bank: 20300001001
Dahabshiil: 1822
Salam Bank: 30027598
Idman Community Bank: 7401005
IBS Bank: 1820

The SU academic year consists of 42 weeks split into two semesters of 18 weeks each, the first beginning in August.