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	Develop new business concepts by applying advanced principles, theories and concepts of entrepreneurship and innovation.
3	Assess contemporary issues in new venture development and commercialisation.

Alterations as a result of student feedback

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:	Innovation Audit	Week 12	30 %	LO2, LO3
Assessment Task 2:	Midterm Tests	Refer to Assessment Description	30 %	LO1, LO2
Assessment Task 3:	Final Exam (Invigilated)	Exam Period	40 %	LO1, LO2, LO3

Assessment details

Assessment Task 1: 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:

2000 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 2: Midterm Tests

Task Description:

There will be two quizzes for this unit.
Quiz 1 will be held in Week 4, covering content from Weeks 1– 3, and is worth 10% of the total grade. Quiz 2 will be held in Week 8, covering content from Weeks 4 – 7, and is worth 20% of the total grade.

Further details regarding the tests will be provided on MyLO.

Task Length:

Each test is generally 45 minutes

Due Date:

Refer to Assessment Description

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 3: Final Exam (Invigilated)

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 and instructions on regarding the exam and its content will be provided on MyLO.

Task Length:

Two (2) hours + 10 minutes reading time

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.

Academic progress review

The results for this unit may be included in a review of your academic progress. For information about progress reviews and what they mean for all students, see Academic Progress Review in the Student Portal.

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.

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