Unit Outline

To be innovative, you need to be able to think differently. In this unit, you’ll learn about the thinking tools that entrepreneurs use to create innovative products and build a thriving business around them. You’ll learn what it means to adopt an entrepreneurial mindset, how to tackle problems and make decisions with limited information and how to maintain a customer-centric focus throughout the life-cycle of a product or business. By the end of this unit, you will have learned some of the fundamental theories and thinking tools that entrepreneurs and innovators use every day, as well as learning about the characteristics of successful entrepreneurs and how to cultivate this mindset.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1.	Consider and critically evaluate theories and practices of entrepreneurship and innovation.
2.	Distinguish and appraise the characteristics of an entrepreneur.
3.	Critically evaluate the value of innovation and enterprise thinking in a range of professional contexts.

Requisites


REQUISITE TYPE	REQUISITES
Pre-requisite	N/A

Alterations as a result of student feedback

To Be Determined

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Workshop	Week 7	30 %	LO1, LO2
Assessment Task 2:	Presentation (Individual or Group)	Week 10	25 %	LO2, LO3
Assessment Task 3:	Report	Week 13	45 %	LO1, LO2, LO3

Assessment details

Assessment Task 1: Workshop

Task Description:

Three workshops will feature designated questions, prompting students to actively participate in the workshop activities and engage with the materials. They are required to submit a concise write-up of 500 words for each session, which will be 1500 words. Submit the assignment on Friday week 7.

Workshop 2 will focus on generating a social enterprise business idea.

Workshop 3 will guide students in applying the opportunity recognition model to articulate the details of the social enterprise product or service they plan to implement.

Workshop 4 will emphasize pitching ideas effectively.

Ensure you bring your computer, as we will utilize freely available software in the workshops.

Task Length:

1500 words

Due Date:

Week 7

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Demonstrate how contemporary theories and practices of social enterprise inform your ideas and reflections.	LO1
2	Discuss how you developed the idea and how you will leverage your personal connections to start the business.	LO2
3	Critically reflect the application of the above theories/models	LO1
4	Use photos to narrate your personal journey.	LO2

Assessment Task 2: Presentation (Individual or Group)

Task Description:

This is a group assignment, worth 25% of your final grade. For this assessment, students are required to form into groups (4-5 students)
and develop a solution for an existing organisation. The details of the
organisations will be provided on MyLO. Students are required to self-select members for your group. Team members should be enrolled in the same workshop.
Groups will need to identify, prepare, and present a new idea/opportunity which will be useful and relevant to the chosen organisation. To complete this assessment, your group will need to deliver a presentation, in the form of a (maximum) 10 minute ‘pitch’.

On-campus and Distance students: all members need to participate.
You will present in week 10. Students can combine in class demonstration and their recordings. The instructor and peers will ask questions after the presentation. You can use any software to record your presentation.
You can use various social media platforms to meet and discuss your presentation. Resources to help you complete this assessment,
including formatting guidelines, will be made available from MyLO.
Of the 25% of your marks, 5% marks will be given by other groups in the class. The marking instructions and guidance will be provided in
the workshop and MyLO by week 3.

Task Length:

10 minutes MAXIMUM plus 10 minutes discussion time.

Due Date:

Week 10

Weight:

25 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Demonstrate a critical understanding of how to identify entrepreneurial opportunities and create potential solutions.	LO2
2	Critically reflect on the process of identifying entrepreneurial opportunities and creating potential solutions.	LO2
3	Critically evaluate a selected process of developing a specific entrepreneurial solution to a defined problem.	LO2
4	Critically evaluate and pitch warrantable claims about the merits of a selected entrepreneurial approach against other potential approaches to the same problem.	LO3

Assessment Task 3: Report

Task Description:

This is an individual assignment, worth 45% of your final grade.
This assignment builds on the work you completed in Assessment Task 2. To complete this assessment, students are required to
produce a 3500-word report.
The report requires you to further develop the idea/opportunity your group identified in Assessment Task 2, including:
• Describe the product you and your team developed. You can
change the product based on the feedback you received for assessment 2.
• Critically evaluate why and how you/your team (or yourself if you changed the original idea) developed this new product/service.
• Select a country you want to introduce your product/service.
Discuss the various institutional arrangements in the chosen country that will hinder and/or facilitate the promotion of your product/service.
• complete a business model canvas for your proposed solution. Do not use the Business Model Canvas template.
Add the nine components has sub-headings in your assignment.
Resources to help you complete this assessment will be made available on MyLO around Week 7 of the semester.

Task Length:

3500 words

Due Date:

Week 13

Weight:

45 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Consider and critically evaluate theories and practices of entrepreneurship and innovation.	LO1
2	Distinguish and appraise the characteristics of an entrepreneur.	LO2
3	Critically evaluate the value of innovation and enterprise thinking in a range of professional contexts	LO3

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.

Required Resources

Required reading materials

There is no prescribed text for the unit. Instead, a list of recommended readings is provided through the MyLO site for the unit.

Recommended reading materials

Baron, RA 2006, ‘Opportunity recognition as pattern recognition: How entrepreneurs “connect the dots” to identify new business opportunities’, Academy of Management Perspectives, vol. 20, no. 1, pp.104-119.

Deakins, D & Freel, MS 1999, Entrepreneurship and Small Firms, 5th edn, McGraw Hill Education, Maidenhead, Berkshire.

Dess, GG & Lumpkin, GT 2005, ‘The role of entrepreneurial orientation in stimulating effective corporate entrepreneurship’, Academy of Management Perspectives, vol. 19, no. 1, pp. 147-156.

Filser, M., Tiberius, V., Kraus, S., Zeitlhofer, T., Kailer, N. and Müller, A., 2020. Opportunity recognition: conversational foundations and pathways ahead. Entrepreneurship Research Journal. https://doi.org/10.1515/erj-20200124

Hitt, MA, Ireland, RD, Sirmon, DG & Trahms, CA 2011, ‘Strategic entrepreneurship: creating value for individuals, organizations, and society, Academy of Management Perspectives, vol. 25, no. 2, pp.57-75.

Hlady‐Rispal, M. and Servantie, V., 2018. Deconstructing the way in which value is created in the context of social entrepreneurship. International Journal of Management Reviews, vol. 20, no. 1, pp.62-80. Horváth, K 2018, ‘Financial bootstrapping techniques: a systematic review of the literature’, On Research, vol.1, pp. 84-94.

Kahn, KB 2018, ‘Understanding innovation’, Business Horizons, vol. 61, no. 3, pp. 453- 460.

Kolko, J 2015, ‘Design thinking comes of age. “connect the dots” to identify new business opportunities’, Harvard Business Review, vol. September, pp. 1-7.

Mason, C & Brown, R 2013, Entrepreneurial ecosystems and growth oriented entrepreneurship, The Hague, Netherlands, viewed 23 November 2020,

McMullen, JS 2017, ‘Are you pivoting away your passion? The hidden danger of assuming customer sovereignty in entrepreneurial value creation’, Business Horizons, vol. 60 no. 4, pp.427-430.

Osterwalder, A & Pigneur, Y 2010. Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley & Sons.

Sarasvathy, SD 2001, What makes entrepreneurs entrepreneurial?, viewed 26 May 2020, < Sarasvathy, SD & Dew, N 2005, 'New market creation through transformation'. Journal of Evolutionary Economics, vol. 15, no. 5, pp. 533565.

Scott, M and Bruce, R 1987, ‘Five stages of growth in small business’, Long Range Planning, vol. 20 no. 3, pp.45-52.

Simmons, SA, Wiklund, J, Levie, J, Bradley, SW & Sunny, SA, 2019. ‘Gender gaps and reentry into entrepreneurial ecosystems after business failure’, Small Business Economics, vol. 53, no. 2, pp. 517-531.

Shepherd, DA 2003, ‘Learning from business failure: Propositions of grief recovery for the self-employed’, Academy of Management Review, vol. 28, no. 2, pp. 318-328.

Ucbasaran, D., Westhead, P., Wright, M. and Flores, M., 2010. The nature of entrepreneurial experience, business failure and comparative optimism. Journal of Business Venturing, vol. 25, no. 6, pp.541-555.

Wagenschwanz, AM 2020, ‘The Identity of Entrepreneurs: Providing Conceptual Clarity and Future Directions’, International Journal of Management Reviews, vol. 00, pp. 1-21.

Other required resources

In addition to the resources recommended above, you are also expected to familiar yourself with the key arguments regarding entrepreneurialism and innovation in the following academic journals:
• Human Relations
• Management Learning
• Work, Employment and Society
• Organization Studies
• Organization
• Gender, Work and Organization
• The Sociological Review
• Theory, Culture and Society

Useful Websites:
• http://www.startuptasmania.com/
• http://www.startupsmart.com.au/
• https://www.innovation.gov.au/page/agenda
• https://www.kickstarter.com/
• https://www.thedolectures.com
• https://foundation.mozilla.org/en/