2.4 Financial and economic literacy - Financial Basics

l. 14 sessions spread across 2 weeks 2. Instructor Manual (Learning Path): This can be taught in undergraduate- and graduate-level courses on innovation management, collaborative innovation, strategy, entrepreneurship, or marketing. Students will learn about the management challenges of using open innovation in the development of sustainable products or services.

3. Resource (materials) for

educators and business trainers:

4. Resources for participants:

5. External/Additional material:

By the end of this course the student will be able to answer the following questions: -Why is entrepreneurship so important for already established companies and why do so many fail to successfully innovate? -How to successfully innovate as an established organization ranging from identifying growth opportunity areas to implementing innovation projects? -How to organize for innovation in terms of organization, culture and leadership? -What external modes of innovation are available and when to apply? -How does a corporate entrepreneur think and act? Meet the corporate entrepreneur.

2.4 Financial and economic literacy - Financial

Basics

1. Module Overview Financial Basics --> Link to LinkedIn

a. Main compete nce: b. Additiona l Financial and economic literacy

compete nce(s) covered by the module: c. Learning

Outcome s:

- Draw up a budget for a value-creating activity (by describing how banks operate and explain rules of thumb for obtaining loans, describing the best strategies for investing in stocks, comparing different ways to invest in stocks and bonds) - Judge the cash flow needs - Apply the financial planning and forecasting concepts that I need to turn ideas into action (by estimating savings needed for retirement, comparing different vehicles for retirement investing) - Create the economic and financial plan of the value-creating activity and balance the P&L and the cash flow according to the learning outcomes extracted from monitoring the progress of the activity. d. Target Group: Suitable for educators e. Proficien cy level: Basic f. Workload (virtual

ECTS): Adapted from LinkedIn Learning, digital certificate / 90 min.

g. Assessm ent: Quiz at the end of the online course

h. Format: - Online course, - no max. number of participants,