94662 Fundamentals of Innovation
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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 2024 is available in the Archives.
Credit points: 8 cp
Result type: Grade and marks
Anti-requisite(s): 81516 Initiatives and Entrepreneurship
Description
This subject is a core innovation subject in the diploma, the frameworks learned in this subject will be used throughout the course of studying the Diploma in Innovation. Students are divided into teams at random and work to create an idea that will result in a minimum viable product. Students will work with various innovation tools such as ideation, Business model canvasing, Product Requirements Documentation, Go To Market documentation and Venture Capital Pitching.
Subject learning objectives (SLOs)
Upon successful completion of this subject students should be able to:
| 1. | Develop multiple strategies towards realising an intrapreneurial/entrepreneurial initiative in consideration of ethical responsibilities related to social, legal and regulatory practices (e.g. IP policies) |
|---|---|
| 2. | Interrogate the values of stakeholders in relation to a proposed intrapreneurial/entrepreneurial initiative |
| 3. | Examine strategies for leading or supporting people to innovate through intrapreneurial/entrepreneurial initiatives and articulate opportunities available in this landscape |
| 4. | Explore and integrate data from various sources to develop, experiment with and validate innovative ideas that are appropriate for a chosen problem space |
| 5. | Identify and integrate capabilities required for realising an intrapreneurial/entrepreneurial initiative and articulate their own contribution to a multidisciplinary team |
| 6. | Communicate the mission and value proposition of an emerging initiative/enterprise using a range of 'voices' that are appropriate to different audiences |
Course intended learning outcomes (CILOs)
This subject contributes specifically to the development of the following course intended learning outcomes:
- Critically analyse Indigenous contexts across business innovation to inform professional capability and practices to work effectively with and for Aboriginal and Torres Strait Islander Peoples (5.1)
Contribution to the development of graduate attributes
The subject provides opportunities for you to bring together diverse disciplinary perspectives to pursue as an entrepreneurial initiative in consideration of social, ethical, moral and legal implications. You work in teams to prioritise and lead experiments through which to validate how your idea can create value for diverse stakeholders and for your team. Along the way, you learn how to articulate the value of your initiative and to tailor that message for various stakeholders. Finally, the subject challenges you to communicate your entrepreneurial ideas to a range of audiences to achieve impact. So your experiences as a student in this subject support you to develop the following graduate attributes (GA):
- GA 4 Imaginative and ethical citizenship
- GA 5 Entrepreneurial and intrapreneurial skill
Teaching and learning strategies
This subject consists of six full days scheduled over 3 weeks, supplemented by online modules and activities.
Learning will take place in a collaborative, immersive, experiential, studio-based environment. Students will work with and receive feedback from peers, academics and professionals across a wide range of disciplines.
Content (topics)
- Entrepreneurial skills, capabilities and mindsets
- Value and value proposition designs
- Business model design and validation using lean or effectual principles
- Entrepreneurial finance
- Techniques for communicating, branding and inspiring stakeholders
Assessment
Assessment task 1: Opportunity exploration
| Objective(s): | This task addresses the following subject learning objectives: 1, 2, 4 and 5 This assessment task contributes to the development of course intended learning outcome(s): .3, .3 and .4 |
|---|---|
| Type: | Portfolio |
| Groupwork: | Individual |
| Weight: | 30% |
Assessment task 2: Entrepreneurial initiative & team journey
| Objective(s): | This task addresses the following subject learning objectives: 2, 3, 4 and 6 This assessment task contributes to the development of course intended learning outcome(s): .4, .4, .5 and 5.1 |
|---|---|
| Type: | Project |
| Groupwork: | Group, group and individually assessed |
| Weight: | 50% |
Assessment task 3: Entrepreneurial initiative & personal journey
| Objective(s): | This task addresses the following subject learning objectives: 2 and 4 This assessment task contributes to the development of course intended learning outcome(s): .4 and 5.1 |
|---|---|
| Type: | Report |
| Groupwork: | Individual |
| Weight: | 20% |
Minimum requirements
Students must attempt each assessment task and achieve an overall pass mark in order to pass this subject.
Late penalties apply to all assessment tasks as outlined in the TD School FYI student booklet. Please consult this booklet for other useful information including Special Consideration, Plagiarism, Extension, and Student Support Services.
A minimum of 80% of attendance of classes (as outlined in the timetable) is required.
Required texts
No required texts. Readings and other resources will be provided online.