Innovation and Entrepreneurship

UTS

Course Description

  • Course Name

    Innovation and Entrepreneurship

  • Host University

    UTS

  • Location

    Sydney, Australia

  • Area of Study

    Business, Business Administration, Business Management, Entrepreneurial Management, International Management

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Description
    The aim of this conceptual and decision-making subject is to provide students with the competencies and skills necessary for understanding, implementing and then managing the entrepreneurial innovation process within a highly competitive global environment.
    Entrepreneurship/intrapreneurship is more than the mere creation of a new business. Seeking opportunity, taking risks and having the tenacity to push ideas into reality are special characteristics that permeate entrepreneurial individuals. Entrepreneurship is an integrated concept that has revolutionised the way business is conducted. Students are required to study how winning entrepreneurs think, act and perform.
    Subject objectives
    Upon successful completion of this subject students should be able to:
    1. define, develop and administer a strategy and structure for promoting innovation within firms
    2. discuss about the key elements of innovation and how to manage innovation within firms
    3. explain the capability building processes for innovation for firms and nations
    4. illustrate the process of new venture creation, social entrepreneurship and entrepreneurship within existing organisations and its value in the development of a healthy economy
    5. identify the fundamental determinants of competitive advantage in entrepreneurial endeavours
    6. develop a broad perspective on the dynamic interface between the small business and larger firms collaborating to conduct business activities in various forms of strategic alliances and be able to demonstrate the capacity to assess the viability of a new business concept or an existing business enterprise and to develop an internationalisation plan for such ventures
    This subject also contributes specifically to the following program learning objectives:
    Show an understanding of essential concepts necessary for a career in business (1.1)
    Critically analyse and produce written disciplinary texts for academic and professional audiences (3.1)
    Produce oral presentations suitable for academic and/or professional audiences (3.2)
    Contribution to the development of graduate attributes
    This subject complements the subject ?Global operations and Supply Chain Management? and builds on the knowledge of the external environment provided in the core subject Integrating Business Perspectives. It provides students studying in the Management, Human Resource Management and International Business majors an opportunity to develop their understanding of innovation and entrepreneurship from a systems perspective. Through a blended process of experiential, engaging and reflective learning, this subject further assures problem based learning skills, added with the ability to manage the development of higher order capabilities for addressing complex operational issues in a real business context.
    Teaching and learning strategies
    The subject is based on a combination of dynamic and interactive lecture and practical workshop sessions. The lectures involve critical debate and the workshops are built around in-class exercises and presentations. Case studies will be a major component of these lectures and practical sessions. These classes will be supplemented with both printed and electronic learning materials and resources. All students will be provided with the opportunity for initial feedback on their performance in the subject during the first six weeks of the semester, for example, online quizzes, tutorial exercises, draft assignments and other assessment methods. Further feedback will be provided in relation to submitted assessment tasks.
    Content
    What is creativity and innovation
    Theories, sources and processes of innovation
    Innovation strategy, entrepreneurs, funding innovation and managing innovation
    Innovation capability, policy, clusters and innovation systems
    Sources of finance for entrepreneurs
    Opportunity assessment, feasibility analysis and commercialisation
    Strategic entrepreneurship and intellectual property issues related to emerging ventures
    Global opportunities and contemporary issues for entrepreneurs and innovators
    Assessment
    Assessment task 1: Project - Feasibility Studies for Student Generated Innovative Idea (Group)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3, 4, 5 and 6
    Weight: 30%
    Assessment task 2: Mid Term Exam (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3, 4 and 5
    This addresses program learning objectives(s):
    3.2
    Weight: 30%
    Assessment task 3: Final Examination (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3, 4 and 5
    This addresses program learning objectives(s):
    1.1 and 3.1
    Weight: 40%
    Minimum requirements
    To pass the subject, students need to achieve at least 50% of the total marks.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.