Technology Innovation Management and Entrepreneurship Master of science degree

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Overview

Leadership for technology integration and rapidly emerging technologies.

This program will begin admitting students for the fall 2020 semester. Applications are now being accepted.


Technology and innovations are emerging at an increasing pace as new products and services are rapidly improving our lives in significant ways. Technology innovation managers and entrepreneurs who know how to lead technological changes in entrepreneurial ways are in high demand to capitalize on process and product development opportunities. As an entrepreneur and innovator, you lead the movement as you grasp how to identify problems and view them differently to create unique and creative solutions.

The MS in technology innovation management and entrepreneurship assists students in creating values for their startups or entrepreneurial corporations through real-life business exposure and leveraging sources via RIT’s integrated global network. The program is guided by faculty and industry mentors who possess successful entrepreneurship experiences.

The program offers two tracks. In the technology management track, students develop advanced product development and data analytics skills targeting organizational management and strategy needs. The technology entrepreneurship track develops skills in starting and managing new ventures that utilize research and marketing analytics to evaluate market options and build strategy. Each track consists of core courses and electives in data management and analytics and managerial skills.

Studying Technology Innovation at RIT

World-renowned resources in business, science, technology, engineering, and design allow innovation and entrepreneurship to thrive at RIT. Your advantage is a rich entrepreneurial culture, with access to facilities such as the Simone Center for Innovation and Entrepreneurship, The Construct (a world-class makerspace), and Venture Creations, RIT's business incubator. Teachers, industry mentors, an applied approach, and access to science, technology, engineering, and design resources prepare you to focus on entrepreneurial and innovation processes by which inventions and creative new ideas are brought to market.

Saunders College professors bring industry experience and include entrepreneurs, C-level executives, vice presidents, and leading scholars in disciplines like technology management. You will benefit from small class sizes and dedicated faculty advisors that provide one-on-one guidance. As a graduate of the program, you will have a unique combination of technical and business expertise relevant to large incumbent firms and new startup ventures.

International Students: F-1 OPT STEM 24-Month Work Extension

International students receiving this degree qualify to apply for a 24-month work extension to their OPT (Optional Practical Training) period. This extension means that students could be eligible for up to two and a half years of work in the United States.

The extension is exclusive to qualifying STEM (science, technology, engineering or math) focused programs. This degree qualifies for an F-1 OPT STEM Extension in the 2012 STEM-Designated Degree Program List published by the U.S. Immigration and Customs Enforcement (ICE) office. For more information, please visit the U.S. Citizenship and Immigration Services (USCIS) webpages: Understanding F-1 OPT Requirements and Questions and Answers: Extension of Optional Practical Training Program for Qualified Students.

Typical Job Titles

Business Model Designer Change Agent
Business Development Lead Innovation Analyst
Venture Architect Product and Integration Lead
Business Operations Planner Business Analyst
Product Manager Product and Integration Lead
Digital Transformation Strategist Chief Technology Officer

Curriculum for Technology Innovation Management and Entrepreneurship MS

Technology Innovation Management and Entrepreneurship (Technology Management Option), MS degree, typical course sequence

Course Sem. Cr. Hrs.
First Year
DECS-744
Project Management
A study in the principles of project management and the application of various tools and techniques for project planning and control. This course focuses on the leadership role of the project manager, and the roles and responsibilities of the team members. Considerable emphasis is placed on statements of work and work breakdown structures. The course uses a combination of lecture/discussion, group exercises, and case studies. (This class is restricted to degree-seeking graduate students or those with permission from instructor.)
3
MGMT-740
Leading Teams in Organizations
This course examines why people behave as they do in organizations and what managers can do to improve organizational performance by influencing people's behavior. Students will learn a number of frameworks for diagnosing and dealing with managerial challenges dynamics at the individual, group and organizational level. Topics include leadership, motivation, team building, conflict, organizational change, cultures, decision making, and ethical leadership.
3
MGMT-735
Management of Innovation in Products and Services
This course addresses the management of innovation, sustainable technology, and the importance of technology-based innovation for the growth of the global products and services industries. The course integrates three major themes: (1) leading-edge concepts in innovation, (2) the role of technology in creating global competitive advance in both product-based and services-based industries, and (3) the responsibility of businesses related to sustainability. The importance of digital technology as an enabler of innovative services is covered throughout the course. (completion of four graduate business courses)
3
INTB-710
Global Business Analytics
This course is designed to help students, regardless their backgrounds, to identify global business opportunities, possess necessary analytical skills to evaluate these opportunities, and understand the strategies to explore these opportunities to serve transnational businesses’ goals. Students will be exposed to a variety of analytical skill sets such as collecting and analyzing institutional and primary international business data, reading the multinational firm-level data and understanding how global expansion impacts firms’ bottom lines, developing foreign exchange hedging strategies, and apprehending the basic practices of international trade and foreign investment. (This class is restricted to degree-seeking graduate students or those with permission from instructor.)
3
MGMT-780
Technology Strategy
3
Choose one of the following:
3
   MGMT-791
   Graduate Project
This course is used to fulfill the graduate project requirement for the MS degree in management. The candidate must obtain approval from an appropriate faculty member to supervise the paper before registering for this course. A corporate-oriented research project designed by the candidate and his or her advisor to explore a salient management-related issue. (This course is restricted to MGMT-MS Major students.)
 
   MGMT-790
   Field Exam Prep plus an additional Managerial Skills Elective
All MS-Management students who do not complete a capstone project will take a field exam at the end of their program. This course provides basic help to students taking this exam. *Note: All required courses in the MS-Management program. (This course is restricted to MGMT-MS Major students.)
 
 
Data Management and Analytics Electives
6
 
Managerial Skills Electives
6
Total Semester Credit Hours
30

Electives

Data Management and Analytics Electives
Course
MGIS-650
Introduction to Data Analytics and Business Intelligence
This course serves as an introduction to data analysis including both descriptive and inferential statistical techniques. Contemporary data analytics and business intelligence tools will be explored through realistic problem assignments.
MGIS-725
Data Management and Analytics
This course discusses issues associated with data capture, organization, storage, extraction, and modeling for planned and ad hoc reporting. Enables student to model data by developing conceptual and semantic data models. Techniques taught for managing the design and development of large database systems including logical data models, concurrent processing, data distributions, database administration, data warehousing, data cleansing, and data mining.
BANA-680
Data Management for Business Analytics
This course introduces students to data management and analytics in a business setting. Students learn how to formulate hypotheses, collect and manage relevant data, and use standard tools such as Python and R in their analyses. The course exposes students to structured data as well as semi-structured and unstructured data. There are no pre or co-requisites; however, instructor permission is required for students not belonging to the MS-Business Analytics or other quantitative programs such as the MS-Computational Finance which have program-level pre-requisites in the areas of calculus, linear algebra, and programming.
DECS-782
Statistical Analysis for Decision Making
This is a course in applied statistics emphasizing an understanding of variation and inference (estimation and testing). Topics to be covered include: review of descriptive statistics, normal distribution, sampling distributions, estimation, test of hypothesis for single and two populations, analysis of variance (ANOVA), linear regression, multiple regression and model building. Students will apply these concepts using mini-cases and problem sets that involve both structured and unstructured data sets. The application of appropriate tools will be required. (This class is restricted to degree-seeking graduate students or those with permission from instructor.)

 

Managerial Skills Electives
Course
MGMT-743
Advanced Topics in Technology Management
This course is the advanced treatment of topics introduced in the core course offering, MGMT 735. It reviews topics introduced in the core such as disruptive technology and adds significant new content on such topics as user innovation and organizational ambidexterity. Successful completion will prepare students for leadership and significant contributions as group members for any new technology development project. (Prerequisites: MGMT-735 or equivalent course.)
MGMT-755
Negotiations
This course is designed to teach the art and science of negotiation so that one can negotiate successfully in a variety of settings, within one's day-to-day experiences and, especially, within the broad spectrum of negotiation problems faced by managers and other professionals. Individual class sessions will explore the many ways that people think about and practice negotiation skills and strategies in a variety of contexts.
HRDE-742
Leading Change
Major change initiatives within organizations fail because of lack of understanding of the process of change and the lack of deliberate and focused attention to the change process. This course teaches students the change process and the alterations required in structures, processes, and activities to effectively implement change initiatives within organizations. The components of this course include applied approaches and tools to help analyze barriers for change, leverage power and influence, and provide frameworks to plan and implement change. (This course is restricted to student in the HRDE-MS program.)
ACCT-603
Accounting for Decision Makers
A graduate-level introduction to the use of accounting information by decision makers. The focus of the course is on two subject areas: (1) financial reporting concepts/issues and the use of general-purpose financial statements by internal and external decision makers and (2) the development and use of special-purpose financial information intended to assist managers in planning and controlling an organization's activities. Generally accepted accounting principles and issues related to International Financial Reporting Standards are considered while studying the first subject area and ethical issues impacting accounting are considered throughout. (This class is restricted to degree-seeking graduate students or those with permission from instructor.)
MGMT-7##
Any other 700-level "MGMT" course

 

Technology Innovation Management and Entrepreneurship (Technology Entrepreneurship Option), MS degree, typical course sequence

Course Sem. Cr. Hrs.
First Year
DECS-744
Project Management
A study in the principles of project management and the application of various tools and techniques for project planning and control. This course focuses on the leadership role of the project manager, and the roles and responsibilities of the team members. Considerable emphasis is placed on statements of work and work breakdown structures. The course uses a combination of lecture/discussion, group exercises, and case studies. (This class is restricted to degree-seeking graduate students or those with permission from instructor.)
3
MGMT-740
Leading Teams in Organizations
This course examines why people behave as they do in organizations and what managers can do to improve organizational performance by influencing people's behavior. Students will learn a number of frameworks for diagnosing and dealing with managerial challenges dynamics at the individual, group and organizational level. Topics include leadership, motivation, team building, conflict, organizational change, cultures, decision making, and ethical leadership.
3
MGMT-720
Entrepreneurship and Technology Entrepreneurship
This course studies the process of creating new ventures with an emphasis on understanding the role of the entrepreneur in identifying opportunities, seeking capital and other resources, and managing the formation and growth of a new venture.
3
MGMT-780
Technology Strategy
3
MKTG-768
Marketing Analytics
This course provides an overview of marketing analytics in the context of marketing research, product portfolios, social media monitoring, sentiment analysis, customer retention, clustering techniques, and customer lifetime value calculation. Students will be introduced to, mathematical and statistical models used in these applications and their implementation using statistical tools and programming languages such as SAS, SPSS, Python and R. Multiple data sources will be used ranging from structured data from company databases, scanner data, social media data, text data in the form of customer reviews, and research databases. Students will complete guided projects using real time data and make effective use of visualization to add impact to their reports. There are no listed pre or co-requisites; however, instructor permission is required – student aptitude for quantitative work will be assessed; waived for students enrolled in quantitative programs such as the MS-Computational Finance which have pre-requisites in the areas of calculus, linear algebra, and programming.
3
MGMT-765
Applied Venture Creation
This project-oriented course enables students to gain multi-disciplinary experience in entrepreneurship, venture creation, or product/service commercialization through a number of alternative venues. Student teams gain applied and practical knowledge by participating in an actual entrepreneurial or commercialization project. These projects include: advancing/maturing a student-originated business concept, developing commercialization plans in partnership with various RIT college product/service development projects, or creating commercial business plans for RIT-generated intellectual property. Students meet with supervising faculty on a weekly basis. *Note: Instructor permission required. Contingent on project and team mix. See a Saunders College graduate adviser for details
3
 
Data Management and Analytics Electives
6
 
Managerial Skills Electives
6
Total Semester Credit Hours
30

 

Electives

Data Management and Analytics Electives
Course
MGIS-650
Introduction to Data Analytics and Business Intelligence
This course serves as an introduction to data analysis including both descriptive and inferential statistical techniques. Contemporary data analytics and business intelligence tools will be explored through realistic problem assignments.
MGIS-725
Data Management and Analytics
This course discusses issues associated with data capture, organization, storage, extraction, and modeling for planned and ad hoc reporting. Enables student to model data by developing conceptual and semantic data models. Techniques taught for managing the design and development of large database systems including logical data models, concurrent processing, data distributions, database administration, data warehousing, data cleansing, and data mining.
BANA-680
Data Management for Business Analytics
This course introduces students to data management and analytics in a business setting. Students learn how to formulate hypotheses, collect and manage relevant data, and use standard tools such as Python and R in their analyses. The course exposes students to structured data as well as semi-structured and unstructured data. There are no pre or co-requisites; however, instructor permission is required for students not belonging to the MS-Business Analytics or other quantitative programs such as the MS-Computational Finance which have program-level pre-requisites in the areas of calculus, linear algebra, and programming.
DECS-782
Statistical Analysis for Decision Making
This is a course in applied statistics emphasizing an understanding of variation and inference (estimation and testing). Topics to be covered include: review of descriptive statistics, normal distribution, sampling distributions, estimation, test of hypothesis for single and two populations, analysis of variance (ANOVA), linear regression, multiple regression and model building. Students will apply these concepts using mini-cases and problem sets that involve both structured and unstructured data sets. The application of appropriate tools will be required. (This class is restricted to degree-seeking graduate students or those with permission from instructor.)

 

Managerial Skills Electives
Course
MGMT-610
Global Entrepreneurship
Global entrepreneurs need to utilize both domestic and overseas resources, explore transnational opportunities, and leverage worldwide networks at early stages of the development. This course is designed to address the unique challenges of this global challenge, as well as the richer opportunities faced by the “born globals.” Students will learn how to discover, evaluate, and enact opportunities across national borders in order to create goods and services that serve various company goals. Students will also be informed of the competitive strategies normally adopted by international entrepreneurs in other major economies such as EU, China, and India.
MGMT-755
Negotiations
This course is designed to teach the art and science of negotiation so that one can negotiate successfully in a variety of settings, within one's day-to-day experiences and, especially, within the broad spectrum of negotiation problems faced by managers and other professionals. Individual class sessions will explore the many ways that people think about and practice negotiation skills and strategies in a variety of contexts.
MKTG-778
Commercialization and Marketing of New Products
This course emphasizes the marketing and product strategy-related activities required to create, develop, and launch successful new products. Topics covered include identifying the market opportunity for new products, defining the product strategy, understanding customer requirements, developing and updating the product business plan, marketing's role in the firm's product development process, developing the marketing plan for launching new products, and managing the product life cycle. The course emphasizes best practices in marketing-related activities required for successful new product commercialization. (Prerequisites: MKTG-761 or equivalent course.)
FINC-605
Financing New Ventures
A focus on financial issues affecting an entrepreneur. The course emphasizes, identifies, and follows the wealth creation cycle. The wealth creation cycle begins with an idea for a good, product or service, progresses to an initial company startup, passes through successive stages of growth, considers alternative approaches to resource financing, and ends with harvesting the wealth created through an initial public offering, merger or sale. Identification and valuation of business opportunities, how and from whom entrepreneurs raise funds, how financial contracts are structured to both manage risk and align incentives, and alternative approaches by which entrepreneurs identify exit strategies are reviewed.

Admission Requirements

To be considered for admission to the MS program in technology innovation management and entrepreneurship, candidates must fulfill the following requirements:

  • Complete a graduate application.
  • Hold a baccalaureate degree (or equivalent) from an accredited university or college.
  • Submit official transcripts (in English) of all previously completed undergraduate and graduate course work.
  • Submit scores from the GMAT or GRE. (GMAT preferred for international applicants and those applying for scholarships.)
  • Submit a personal statement of educational objectives.
  • Submit a current resume or curriculum vitae.
  • International applicants whose native language is not English must submit scores from the TOEFL or IELTS exams. A minimum score of 88 on the TOEFL or 6.5 on the IELTS exams is required (requirements on sub-scores on each component of the TOEFL or IELTS may also apply). The English language test score requirement is waived for native speakers of English or for those submitting transcripts from degrees earned at American institutions.
  • Completed applications for admission should be on file in the Office of Graduate and Part-time Enrollment Services at least four weeks prior to registration for the next academic semester for students from the United States, and up to 10 weeks prior for international students applying for student visas.

For further information about specific GMAT/GRE waiver opportunities, tips on personal statements, and additional guidance on how to submit a successful application, please visit Saunders College of Business Admissions Requirements.

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