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 create 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 in Business Administration in Entrepreneurship and Innovation

Graduates specializing in Business Administration in Entrepreneurship and Innovation are well-prepared to pursue careers across both the private and public sectors. They can work in areas such as innovation management, entrepreneurship, and the management of small enterprises. Career paths include roles in new business development, product or service innovation, corporate entrepreneurship, and process management. Opportunities also extend to marketing, business sustainability or corporate social responsibility, research and development, and technology. Additional fields include project management, administration, and launching or managing their own business ventures.