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21066 Innovation and Entrepreneurship

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2019 is available in the Archives.

UTS: Business
Credit points: 6 cp

Subject level: Undergraduate

Result type: Grade and marks

There are course requisites for this subject. See access conditions.

Description

This subject presents students with a perspective on how innovation and entrepreneurship occur – across industries and firms, in large and established organisations and in small and new ventures. The subject examines broad processes of innovation (the creation of markets, the flow of ideas, the dynamics of invention and commercialisation) and also related organisational processes (strategy, structure and internal processes that foster creativity) that are relevant to all organisations and essential to those seeking to develop an entrepreneurial mindset. Students gain an appreciation of the competitive, institutional, political and economic drivers of innovation and entrepreneurship, and gain practical insights into analysing business model viability, assessing opportunities, creating new ventures and designing effective organisations for innovation.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. Explain the process of new venture creation, business model generation, social entrepreneurship and innovation in the development of a robust economy
2. Discuss the implications for organisational strategy, structure and processes in managing and organising for innovation
3. Assess the viability of a new business concept and venture
4. Assess and reflect upon their own suitability as a potential entrepreneur or intra-preneur by understanding their networks and social capital

Course intended learning outcomes (CILOs)

This subject also contributes specifically to the following program learning objectives:

  • Produce written disciplinary texts for a variety of audiences, including academic and professional audiences and indigenous communities (3.1)
  • Demonstrate a knowledge of the rights and perspectives of Aboriginal and Torres Strait Islander Peoples in relation to business practice (5.2)

Contribution to the development of graduate attributes

The aim of this conceptual and decision-making subject is to provide you with the competencies and skills necessary for understanding, implementing and then managing the entrepreneurial innovation process so as to ensure the long-term viability and success of an enterprise operating within a highly competitive environment. Thus, you will then be in a better position to more readily understand, communicate and materially contribute to the purpose of the organisation. The objective of this course is to give you a fuller understanding of the contemporary business environment in which business operates and how decision-making processes, and leadership and organisational politics, impact on the strategic activities of managers.

This subject contributes to the development of the following graduate attributes:

  • Communication and interpersonal skills
  • Business practice oriented skills

Teaching and learning strategies

The subject is presented in seminar format. Essential principles are presented and analysed and students are lead through practical application exercises.

Content (topics)

  • Models and systems of innovation and entrepreneurship
  • Business model innovation and analysis
  • Managing and organizing for innovation: strategy, structure and processes
  • Social innovation and social entrepreneurs
  • Networks and social capital
  • New venture creation
  • Ethics of innovation and entrepreneurship

Assessment

Assessment task 1: Report (Individual)

Objective(s):

This addresses subject learning objective(s):

1 and 2

This addresses program learning objectives(s):

3.1

Weight: 40%

Assessment task 2: Analysis and Presentation (Group)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3 and 4

Weight: 30%

Assessment task 3: In-Class Test (Individual)

Objective(s):

This addresses subject learning objective(s):

1 and 2

This addresses program learning objectives(s):

5.2

Weight: 30%

Minimum requirements

Students must achieve at least 50% of the subject’s total marks.

Recommended texts

Keeley, Larry (2013). Ten Types of Innovation: The Discipline of Building Breakthroughs , Hoboken, New Jersey: John Wiley.

Tidd, J. and Bessant, J. (2013). Managing Innovation: Integrating Technological, Market and Organisational Change, 5th edition. Chichester, West Sussex: John Wiley.

Frederick, H., O’Connor, A., and Kuratko, D. F. (2016). Entrepreneurship: Theory/Process/Practice, 4th edition, Cengage Learning, Australia.

References

  1. Afuah, A. (2009). Strategic Innovation: New Game Strategies for Competitive Advantage. New York, USA: Routledge.
  2. English, J. (2006) How to Organise and Operate a Small Business in Australia (10th ed) Allen and Unwin.
  3. Kelley, T. and Littman, J. (2004). The Art of Innovation. UK: Profile Books Ltd.
  4. Nicholls, A. (2008). Social entrepreneurship: New models of sustainable social change. UK: Oxford University Press. Osterwalder, A. and Pigneur, Y. (2010). Business Model Generation. USA: John Wiley and Sons.