*Learning objectives*
After completing this course, students are able to:
Describe China’s business system in terms of interaction between political and economic actors;
Have insight into classical and state-of-the-art theories of innovation and entrepreneurship;
Be able to critically reflect cross-cultural aspects theories and applications
Apply this knowledge to a selected industry and write a paper that is based on facts and draws clear conclusions; and
Design and conduct an individual research project.
*Content*
The course introduces the two of the most crucial factors for explaining the success of China’s business system. The first part starts with the basic concept in innovation such as Schumpeter, radical vs. incremental innovation, and innovative capabilities. The course further focuses on features of the institutional environment that facilitate or constrain technical innovation. The second part introduces concepts of individual and collective entrepreneurship in the area of organizational and institutional innovation. The course will further stress the interaction between economic and political entrepreneurship which facilitates and constrains the expansion of markets via supply chains, foreign trade, networking or further institutional change. The purpose of the course is to offer insights in entrepreneurship and knowledge intensive business systems.