University of Technology Sydney

94662 Entrepreneurial Experimenting and Innovation Validation

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 2021 is available in the Archives.

UTS: Transdisciplinary Innovation
Credit points: 8 cp
Result type: Grade and marks

Note

This subjects was previously called Innovation and Entreprenship Studio B.

Description

This subject assists teams to explore and identify important problem spaces. The emphasis of this subject it to apply a range of methods and techniques to rapidly test and develop prototypes to drive sustainable innovative initiatives in a chosen problem space. Prior learning in creative practices, creative intelligence methods and user-centred design is particularly complementary to this subject, but not required. The experimenting approach undertaken in this subject engage students in a breadth of challenges analogous to start-up weekends, 'hackathons', bootcamps and highly innovative ventures.

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:

  • Interrogate and appreciate the ethical responsibilities related to social, legal and regulatory practices (4.3)
  • Make decisions that engage ethically and sensitively with the values of particular groups, communities, organisations or cultures (4.4)
  • Exercise good judgment in knowing when to take a leadership role, and when to enable leadership by others to address community, organisational or cultural issues, challenges and opportunities through innovation (4.5)
  • Imagine and design initiatives within existing organisational structures (intrapreneurship) or design a new context for change (entrepreneurship) (5.1)
  • Identify required capabilities for realising an idea and create a venture team to achieve the aspirations of a particular innovation. (5.3)
  • Communicate confidently and with diplomacy to influence essential stakeholders or decision makers and to achieve impact (5.4)

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: Values-based validation

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):

4.3, 4.4 and 5.3

Type: Report
Groupwork: Group, group and individually assessed
Weight: 20%

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, 4.5, 5.1 and 5.4

Type: Report
Groupwork: Group, group and individually assessed
Weight: 30%

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):

4.4 and 5.1

Type: Report
Groupwork: Individual
Weight: 50%

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 FTDi 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.