42048 Studio 3: Innovation
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Credit points: 12 cp
Subject level:
Postgraduate
Result type: Grade and marksRequisite(s): 24754 Studio 2: Specialisation
Description
The Innovation Studio focuses on a self-directed industry project approached independently by multi-disciplinary teams. Students will identify business problems, designing an approach to build a solution that meets stakeholder needs. They will critically evaluate and reflect on their process, and effectively communicate innovative outcomes.
Subject learning objectives (SLOs)
Upon successful completion of this subject students should be able to:
| 1. | Clearly define an industry problem with appropriate set of objectives. |
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| 2. | Assess, adapt, and recommend the most suitable methodology to guide the industry project and plan to achieve defined objectives. |
| 3. | Synthesize a range of tools and techniques in order to design and develop creative and innovative solution to the identified industry problem. |
| 4. | Construct written, spoken, and visual communication with accuracy and clarity to effectively communicate innovative outcomes. |
| 5. | Critically evaluate, peer-review, reflect and communicate the learning process. |
Course intended learning outcomes (CILOs)
This subject also contributes specifically to the development of the following Course Intended Learning Outcomes (CILOs):
- Research, identify and evaluate the assumptions implicit in data and apply analytical techniques to facilitate business decision making (1.1)
- Create innovative business solutions utilising data for a range of business stakeholders (1.2)
- Convey information and decisions clearly in written, verbal and visual form to business stakeholders (2.1)
- Interact with colleagues and stakeholders to work effectively towards agreed outcomes (2.2)
- Critically evaluate and apply professional ethical standards, the principles of sustainability, social responsibility, and Indigenous values as business analysts (3.1)
- Integrate advanced data analysis techniques with business practices to generate actionable knowledge to inform and facilitate effective decision-making in local and international contexts (4.1)
Teaching and learning strategies
This studio-based subject will consist of 12 weekly 3-hour workshops alongside weekly partnering online content. Each workshop will introduce a topic before students apply the learning to their own projects. The studio format will be used to extend understanding and synthesize the knowledge acquired in different subjects from the Business Analytics course.
The workshops will consist of a range of diverse tasks, including individual and group exercises, presentation practice, analytical exercises, assignment planning and drafting, and analytical skills training.
During these workshops students will receive various types of feedback within a collegial, discursive learning context, from the fellow students as well as from the tutor. Students will collaborate through a process of constructive peer-review and discussion of each students’ submissions. They will complete pre-work before class in order to use the knowledge they have gained in a constructive manner during class.
Students are expected to consult the program section of this subject outline for instructions regarding required pre-reading and preparation to be undertaken before each class. Workshop and pre-reading materials and activities for all workshops will be made available on Canvas.
This studio will be an opportunity for professional practice as a researcher, and students should aim to produce a professional quality output, with mentoring from professionals. Students will find that during this studio process they will need to recognise that a variety of solutions are possible, rather than one prescribed approach being adopted. Students will find that there isn’t one sequence to completing the task, and often the process will be iterative – that is students will run one project or experiment, realise the errors or missed opportunities, and then iterate on those to improve the outcome. Students are expected to learn from their failures and to develop work during this process.
Content (topics)
- Topic 1: Introduction to subject content and its organization
- Topic 2: Managing industry project – setting up a framework for project planning, teamwork, execution and evaluation
- Topic 3: Formulation of real-world problem, objectives and success criteria for a industry project; teamwork and allocation of resources
- Topic 4: Selection of appropriate processes and methodology to approach the identified problem
- Topic 5: Design of experiments and results analysis
- Topic 6: Verification and validation of outcomes
- Topic 7: Writing an effective discussion and communication of outcomes
Assessment
Assessment task 1: Project proposal, plan, and methodology
| Intent: | This task allows students to master their skills of searching and evaluating the existing methods and solutions, understanding and exploring the context of existing approaches, and synthesizing this knowledge to inform industrial project. This task also develops skills in preparing and writing project proposal, selecting appropriate methodology and preparing feasible plan of work. |
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| Objective(s): | This assessment task addresses the following subject learning objectives (SLOs): 5 This assessment task contributes to the development of the following Course Intended Learning Outcomes (CILOs): 2.2 |
| Type: | Presentation |
| Groupwork: | Group, group and individually assessed |
| Weight: | 20% |
Assessment task 2: Report of project proposals
| Intent: | This task allows students to further improve their critical analysis skills and ability to prepare proper peer review. |
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| Objective(s): | This assessment task addresses the following subject learning objectives (SLOs): 1, 2 and 3 This assessment task contributes to the development of the following Course Intended Learning Outcomes (CILOs): 1.2 |
| Type: | Report |
| Groupwork: | Individual |
| Weight: | 20% |
| Length: | 600-2,000 words: tables, text on figures, captions, bibliography and reference lists are excluded, but all other words are included. |
Assessment task 3: Research paper
| Intent: | This task allows students to improve their skills in conducting and evaluating real-world projects. This task also develops skills in preparing and writing reports. |
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| Objective(s): | This assessment task addresses the following subject learning objectives (SLOs): 4 This assessment task contributes to the development of the following Course Intended Learning Outcomes (CILOs): 2.1 |
| Type: | Report |
| Groupwork: | Group, group and individually assessed |
| Weight: | 30% |
| Length: | 3,000-6,000 words: tables, text on figures, captions, bibliography and reference lists are excluded, but all other words are included. |
Assessment task 4: Reflection and portfolio
| Intent: | This task allows students to improve their skills in reflection on their process of teamwork and self-management. This task also develops skills in managing team artefacts. |
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| Objective(s): | This assessment task addresses the following subject learning objectives (SLOs): 1, 2, 3, 4 and 5 This assessment task contributes to the development of the following Course Intended Learning Outcomes (CILOs): 1.1, 2.1, 2.2, 3.1 and 4.1 |
| Type: | Portfolio |
| Groupwork: | Individual |
| Weight: | 30% |
| Length: | 200-500 words each week |
Minimum requirements
To pass this subject, students must achieve an overall mark of 50% or greater.