Abstract
Courses on innovation and creativity are being taught at fine arts schools, engineering institutes and management schools among other places. Similarly, courses on entrepreneurship are being taught at engineering institutes as well as at business schools, both at undergraduate and at postgraduate levels. The author has found that the coverage of legal aspects of innovation and entrepreneurship (LAIE) in these courses is either negligently low or completely nonexistent. In this paper, the author demonstrates that the coverage of LAIE is essential to all graduates, which would equip them with necessary skill sets when they decide to become entrepreneurs. The author also demonstrates that such a comprehensive course on LAIE for management students is nonexistent in other Indian Institutes of Management in India and leads the readers toward a conclusion that designing such a course would definitely have takers. Relying on the experience of conducting executive education on this topic, the author is presenting this newly developed 3-credit course on LAIE by discussing its course objectives, its structure, the coverage and the pedagogy. He also shares the experiences and insights from teaching this course at IIM Trichy.
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Notes
- 1.
The author had conducted a survey among the students of Post-Graduate Programme in Management at Indian Institute of Management Tiruchirappalli, where almost 48% of the respondents from out of 100 respondents were of this opinion.
- 2.
Almost all (98%) the respondents from among the 50 respondents felt that only technical solution is what matters in innovation. The respondents were from varied background, all of them pursuing either their B.Tech or M.Tech courses in different streams/departments at NIT Trichy.
- 3.
About 62% of the respondents from among the above 50 respondents felt that they had no clue about legal environment in which they have to operate their business or innovative ideas.
- 4.
About 42% of the above respondents felt that patents are not required to protect the innovation/invention, and about 84% of the above respondents were not aware of the procedure to be followed to procure patent protection.
- 5.
It is assumed that the innovator/entrepreneur does not have an established business, but is now planning to enter into business or has just entered into business.
- 6.
Prof. Isaacs found it hard to decide on the aspects to be included in the course of business law, relying only on the legal systems. But when he used the assistance of economics as a field and interacted with business experts, he was able to arrive at these choices.
- 7.
The author has reviewed most of the textbooks available in the market for the postgraduate students pursuing management education and arrived at this conclusion.
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Nithyananda, K.V. (2017). Teaching the Elective, “Legal Aspects of Innovation and Entrepreneurship” to Management Students. In: Manimala, M., Thomas, P. (eds) Entrepreneurship Education. Springer, Singapore. https://doi.org/10.1007/978-981-10-3319-3_3
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