Digital Transformation, Prototyping, Business Modelling and Venture Innovation

MQF Level 7

6 Credits (ECTS)

Digital Transformation, Prototyping, Business Modelling and Venture Innovation

Start
October 2024
Module Type
Elective
Price
€875
ECTS Credits
6 Credits (ECTS)
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Get 70% back via Tax Credit

€613 refund on this module

Module Description

This module will introduce you to processes of digital transformation, with particular attention to business prototyping, modelling and innovation. Prototyping is a powerful method for learning, thinking about and communicating your ideas.   

This module also explores business modelling techniques for the digital age, scaling-up entrepreneurial ventures and driving growth. It also offers an introduction to coding and design. 

In today’s world, successful entrepreneurship is mostly being run on digital platforms and through digital exposure.

It is therefore important for entrepreneurs who wish to achieve success to know more about digital skills and how additional tools can help enhance innovation, as well as help keep you abreast with technology skillsets.  

The ultimate aim of this module is to illustrate how you can ensure that innovation and digitalisation are fully aligned with your strategic direction in entrepreneurship. 

Entry Requirements

Candidates who apply for this course must possess one of the following: 

  • a Level 6 degree; 

 OR  

  • a Level 5 diploma or higher diploma and 5 years’ work experience in a supervisory or managerial role. 

 

Preference is given to applicants having a Level 6 degree in a discipline related to the study programme and a minimum of 3 years’ work experience in management 

Target Audience

This course is targeted at management professionals with supervisory and/or middle management experience such as:  

  • Operations Manager/ Coordinator 
  • Financial Manager 
  • Supply Chain Manager 
  • Shop Floor Manager/ Supervisor 
  • Marketing and Sales Manager 
  • Services Manager/ Supervisor. 
  • Retail Managers/ Supervisors 
  • Transport Managers 
  • Maintenance Managers 
  • Marketing Managers 

The target group focuses primarily on people already employed within supervisory and managerial roles who wish to have a more thorough background in the subject in order to progress further in their careers. 

Module / Unit Instructions

The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:

1. Face-to-face sessions: 18 hours

2. Online Learning Activities: 12 hours

Face to Face sessions

Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.

Online Learning Activities

Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises.

Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.

The tutor provides continual support during both teaching -learning modes by providing information, readings and tasks relevant to the module in question.

The tutor provides continuous formative feedback as an on-going guidance during the student’s learning experience in preparation for their summative assessment.

How you’ll be assessed

Assessment of each module consists of two assignments, each carrying a weighting as below:

a) One Formative assignment carries 20% of total module mark achieved. b) One Summative assignment carries 80% of total module mark achieved.

For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in both the formative and the summative assignment.

The overall grade achieved for each module is calculated as the sum of: · 20% of the mark achieved for formative assignment; and · 80% of the mark achieved for the summative assignment.

All assignment tasks of both formative and summative assessment aim to provide the learner an opportunity to produce evidence of his/her competences aligned to the learning outcomes of each individual Module.

Assessment

a) Formative assessment tasks are provided in the form of structured online discussions that support learners in their development throughout all of the modules studied.

Such discussions are facilitated and monitored by lecturer who provides students with constructive feedback to help them improve and prepare for summative assignment and dissertation.

For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in the formative assignment.

Formative assessment tasks will contribute to the student’s final mark to acknowledge their work and give chance to improve.

This method allows students to also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.

b) Summative assessment is done via one assignment at the end of each module. The mode of assessment varies and may include in-class assignments, and home-based written assignments.

The recommended assessment tool for this module is an essay title or case studies based on relevant real-life scenarios.

Word count range: 3000 ± 10% For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in summative assignment.

Assignment
Discussions

Module Intake Dates

October 2024
Price
€875

Additional Info

Reading for the entire Master of Science (M.Sc.) in Management as presented in this brochure costs €9,775.*  

Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.** 

Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***  

*Prices are applicable to students who reside in Malta at the time of applying. 

**Terms and conditions apply.  

*** For the price of individual modules, please contact the IDEA Academy team.  

Learning Outcomes

Competences:

At the end of the module/unit the learner will have acquired the responsibility and autonomy to:

  • Evaluate the necessary characteristics and roles of the technology and people in entrepreneurship to propose digital-business innovation program(s)
  • Critically compare and contrast different business models in entrepreneurship.
  • Critically analyse the interaction between stakeholders in a digital environment and how an entrepreneur can scale-up through technology.
  • Critically evaluate the importance of digital taxonomy in context of entrepreneurship. .

Knowledge: 

At the end of the module/unit the learner will have been exposed to the following:

  • Introduction to Prototyping and knowledge development
  • Eliminating off assumptions, designing and validating business rules
  • The beauty of digitization in everyday life
  • Strategic insights in business design and service design
  • Impact of digitization and innovation on business growth
  • Benefits of technology, taxonomy, meta-data and data-driven business on online platforms

Skills:
At the end of the module/unit the learner will have acquired the following skills:

  • Assess the functions of prototyping and team building exercises.
  • Critically evaluate the current digital platforms and the socio-technology process including the strengths, weaknesses, opportunities and threats of the current traditional and digital businesses.
  • Critically analyse internal and external positive and negative effects on entrepreneurship and propose a plan to solve potential issues.
  • Critically evaluate the implication of cultural diversity on entrepreneurs.
  • Critically review and apply digital taxonomies for positioning an organization at a better position on the digital platform.

Module-Specific Digital Skills and Competences: 

The learner will be able to:

  • Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc.
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