Unit Outline

This unit will enable you to develop an understanding of entrepreneurship and innovation in the development of business ventures. Innovation is now seen as central to the development of business, economy and society. We will explore the relationship between entrepreneurship and innovation, the process of innovation development, and the risks associated with entrepreneurship and innovation.

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.	To evaluate critically the theories and concepts of innovation.
2.	To apply knowledge of the theories and concepts of entrepreneurship and innovation to development of a new business concept.
3.	To use entrepreneurship theory and independent research to assess contemporary issues in new venture development and commercialisation.

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:	End of Module Tests	See the MyLO site for the due date	30 %	LO1, LO2
Assessment Task 2:	Innovation Audit	Week 12	30 %	LO2, LO3
Assessment Task 3:	Exam	Exam Period	40 %	LO1, LO2, LO3

Assessment details

Assessment Task 1: End of Module Tests

Task Description:

At the end of each learning module for this unit you will be required to complete an online assessment test. This test will involve a mix of multiple choice, true-false, short and long answer questions.

Task Length:

One hour per test

Due Date:

See the MyLO site for the due date

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Compare, contrast and evaluate theories and concepts of entrepreneurship and innovation	LO1
2	Recall knowledge of entrepreneurship and innovation	LO2

Assessment Task 2: Innovation Audit

Task Description:

The purpose of this assessment item is to get you to apply your understanding of entrepreneurship and innovation to review the innovation potential of a real-world business. To complete this assessment task, you will need to select a business and audit their past innovation performance and their future innovation potential. In doing so you will need to use the Innovation audit guidelines available from MyLO. You will need to conduct extensive research on your chosen business, and the internal and external factors that facilitate and constrain their innovative activities.
This assignment should be answered in a report format, with an executive summary, table of contents, and headings/sub-headings. Your discussion should be applied in focus, with minimal use of academic references. You should, however, reference information relevant to your business and their innovation activities.

Task Length:

4000 words

Due Date:

Week 12

Weight:

30 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Evaluate the theories and concepts of entrepreneurship and innovation	LO2
2	Apply the theories and concepts of entrepreneurship and innovation to develop a new business concept	LO2
3	Undertake independent research of entrepreneurship and innovation theory and practice	LO3
4	Evaluate the issues associated with the development of new business ventures	LO3
5	Identify divergence between innovation theory and practice	LO3

Assessment Task 3: Exam

Task Description:

The final examination will be closed book. It will be of two hours’ duration, and is worth 40 per cent of the total available marks for this unit. More information on the exam and its content will be provided later in the semester.

Task Length:

Two (2) hours

Due Date:

Exam Period

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Compare, contrast and evaluate theories and concepts of entrepreneurship and innovation	LO1
2	Recall knowledge of entrepreneurship and innovation	LO2
3	Evaluate the theories and concepts of entrepreneurship and innovation	LO2
4	Evaluate the issues associated with the development of new business ventures	LO3
5	Identify divergence between innovation theory and practice	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.

Academic integrity

Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see Important Guidelines & Support.

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

You will need the following text:
Tidd, J & Bessant, J 2020, Managing innovation: integrating technological, market, and organisational change (7th Edition), John Wiley & Son, Sydney.

This text is available as an e-book from the following website:
https://www.wiley.com/en-au/Managing+Innovation%3A+Integrating+Technological%2C+Market+and+Organizational+Change%2C+7th+Edition-p-9781119713197