| Effective Term: | 2025/27 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Entrepreneurship and Innovation |
| Unit ID: | BUDIP1501 |
| Credit Points: | 15.00 |
| Prerequisite(s): | Nil |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 080300 |
| Other Change: | |
| Brief description of the Unit |
Entrepreneurship and innovation are important areas in today’s business world. In the past, entrepreneurship has mainly focused on starting small businesses, while innovation has often been about creating new products. This unit introduces students to both areas and helps them understand how they are connected. Students will learn the basic concepts of entrepreneurship and innovation and how these can be applied in practical ways. The unit will focus on developing students’ creativity and problem-solving skills, and their ability to work with others to bring ideas to life. Students will also explore how to recognize business opportunities, find resources, and begin developing simple business ideas or improvements within existing organizations. The course has been designed to incorporate additional learning hours to support students’ academic and study skill development. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory |  | | | | | | | Intermediate | | | | | | | | Advanced | | | | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Describe various theoretical and practical underpinnings of entrepreneurship and innovation. |
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| K2. | Recognise the different forms of entrepreneurship, including private, social, civic and intrapreneurship. |
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| K3. | Explain the principles and conceptual frameworks used in developing new innovations and launching successful entrepreneurial activities. |
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| K4. | Explain the impact of entrepreneurship and innovation in society. |
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| K5. | Explain the social and ecological impacts of entrepreneurial change, including the potential of social entrepreneurship and innovation for solving complex social and environmental problems. |
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| Skills: |
| S1. | Describe the role of entrepreneurship and innovation across various organizational environments. |
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| S2. | Outline the sequences of innovation for new venture creation. |
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| S3. | Summarize entrepreneurial and innovative strategies for facilitating entrepreneurial actions and opportunities. |
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| S4. | Propose in written and/or oral form entrepreneurial business strategies. |
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| S5. | Develop the appropriate language and academic skills to study at an undergraduate level |
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| Application of knowledge and skills: |
| A1. | Demonstrate an environmental analysis from an entrepreneurial context. |
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| A2. | Demonstrate critical thinking and judgement individually or collaboratively in applying business scenarios from an entrepreneurial perspective. |
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| Unit Content: |
Topics may include:
1. Entrepreneurship and innovation: theories and trends
2. Social innovation and social entrepreneurship for solving ‘wicked’ problems in a globalised world
3. Industries in transition - sustainable innovation
4. Harnessing an entrepreneurial / intrepreneurial mindset
5. New venture development: opportunity identification, evaluation and exploitation
6. Research and planning for new ventures
7. Acquiring support: sources of financial and strategic input
8. Managing growth and transition
9. Leading through complexity and harnessing adaptive capacity
10. Pitching your venture
11. The value of failure
12. Reflections on an entrepreneurial journey |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, K3, K4, K5 | Assessing students' understanding of the topics covered till the assignment due date | Quiz (Individual assignment) | 10-20% | | 2. | K1, K2, K4, K5, S1, S2, S4, A2 | Critique of an entrepreneur/entrepreneurial organisation (case organisation) | Individual assignment | 20-30% | | 3. | K3, K5, S1, S2, S3, S4, A1, A2 | New venture development and pitch | Group assignment (Written report and/or presentation) | 30-40% | | 4. | K1, K3, K4, K5, S1, S3, S4, S5, A1 | Group Presentation | Group Presentation | 10-20% |
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