21066 Innovation and Entrepreneurship
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Credit points: 6 cp
Subject level: Undergraduate
Result type: Grade and marksThere 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)
| 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:
- Demonstrate an ability to work independently and collaborate inclusively with a team to achieve business goals (2.2)
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 collaboration
- Professional and technical competence
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 |
|---|---|
| Weight: | 40% |
| Length: | 1500 words (excluding references, appendix) |
Assessment task 2: Analysis and Presentation (Group)*
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3 and 4 |
|---|---|
| Weight: | 30% |
| Length: | Report: 2000 words (excluding references, appendix) Presentation: 10-minute pitch and 2 minutes Q&A |
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 3: In-Class Test (Individual)*
| Objective(s): | This addresses subject learning objective(s): 1 and 2 This addresses program learning objectives(s): 2.2 |
|---|---|
| Weight: | 30% |
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
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
- Afuah, A. (2009). Strategic Innovation: New Game Strategies for Competitive Advantage. New York, USA: Routledge.
- English, J. (2006) How to Organise and Operate a Small Business in Australia (10th ed) Allen and Unwin.
- Kelley, T. and Littman, J. (2004). The Art of Innovation. UK: Profile Books Ltd.
- 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.