Overview
Entrepreneurship, Innovation and New Ventures encourages exploration of the entrepreneurial function and the development of new business activity. Initiating, developing, and operating a new business involves considerable risk and effort, as new ventures depend on creativity and innovation to proliferate at local, national and global levels. The different applications of entrepreneurship in the unit stress the critical involvement of personal capability and resilience to convert opportunities into commercial reality. The unit focuses on small to medium enterprise (SME) where opportunity recognition, feasibility, and risk management comprise key elements of the entrepreneurial function. The unit also offers a formative basis for future entrepreneurial endeavours across a range of contexts. If you have successfully completed the unit MRKT19034 you should not enrol in this unit.
Details
Pre-requisites or Co-requisites
Prerequisite: 96 credit points
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 2 - 2017
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Student evaluations
More feedback on the blogs week to week as the requirements were difficult to appreciate in the beginning
Ensure comprehensive feedback where necessary with blogs and ensure students apply the Gibbs (1988) reflective framework to structure weekly reflections
Feedback from Student evaluations
Communication between the Unit Co-ordinator and Teaching Team
Engage the teaching team with the development and marking of assessment 2 the pitch and in-class workshop. Direct specific attention to in-group performance criteria and criteria based assessment.
Feedback from Student evaluations
Feedback on assessment and timely return
Insist on timely assessment feedback return with (i) blogs or assessment 1 (ii) workshops activities and write-ups or assessment 2, and (iv) the reflective assignment or assessment 3.
Feedback from Student evaluations
Group Assessment: Though working in a group is good, it is also difficult when members don't participate; there needs to be more guidance as to what needs to happen with the group assignment.
Utilise the workshop module in Moodle, so that group participation and learning is guided and feedback is structured on two levels. Require workshop planning, peer-to-peer deliberation within groups, and discussions with Teaching Team for each workshop. Encourage adherence to standards of group practice and performance requirements.
Feedback from Student evaluations
Overall assessment design
Redirect the focus on the business plan to operationalising relevant sections of business planning as the focus for weekly workshops. Re-purpose the entrepreneurial pitch so that groups promote the respective workshop topics. Ensure integrated use of relevant theoretical content and models.
- demonstrate understanding of the entrepreneurial function to a new venture
- explain the nature and relevance of creativity, innovation, and enterprise to a new venture
- critically review principles of risk management amongst entrepreneurs
- examine the relevance of personal involvement, capability, and resilience amongst entrepreneurs
- apply techniques associated with feasibility analysis, risk management, business planning, financing a new venture
- evaluate the business plan or proposal for a new venture.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Written Assessment - 30% | ||||||
| 2 - Presentation and Written Assessment - 40% | ||||||
| 3 - Written Assessment - 30% | ||||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Communication | ||||||
| 2 - Problem Solving | ||||||
| 3 - Critical Thinking | ||||||
| 4 - Information Literacy | ||||||
| 5 - Team Work | ||||||
| 6 - Information Technology Competence | ||||||
| 7 - Cross Cultural Competence | ||||||
| 8 - Ethical practice | ||||||
| 9 - Social Innovation | ||||||
| 10 - Aboriginal and Torres Strait Islander Cultures | ||||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | |
| 1 - Written Assessment - 30% | ||||||||||
| 2 - Presentation and Written Assessment - 40% | ||||||||||
| 3 - Written Assessment - 30% | ||||||||||
Textbooks
Entrepreneurship: Successfully Launching New Ventures
5th edition, Global edition (2016)
Authors: Barringer, BR & Ireland, RD
Pearson
Harlow Harlow , Essex , UK
ISBN: 9781292095370
Binding: Paperback
Additional Textbook Information
To avoid shipping delays and pressure on your budget, purchase the vital source (web and cross platform apps) eText direct from Pearson (ISBN: 9781292095387)!
However, if your study preference is a paper book, they are available at the CQUni Bookshop here: http://bookshop.cqu.edu.au
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)
For further information, see the Assessment Tasks.
s.sadeque@cqu.edu.au
Module/Topic
An Introduction to Entrepreneurship
Chapter
Barringer & Ireland (2016)
Ch. 1 (pp. 25-60)
Events and Submissions/Topic
Place a bid for group members for assessment 2.
Module/Topic
Recognising Opportunities & Generating Ideas
Chapter
Barringer & Ireland (2016)
Ch. 2 (pp. 63-95)
Events and Submissions/Topic
Continue bid for group members for assessment 2.
Module/Topic
Feasibility Analysis
Chapter
Barringer & Ireland (2016)
Ch. 3 (pp. 97-131)
Events and Submissions/Topic
Confirm group memberships for assessment 2.
Module/Topic
The Business Plan
Chapter
Barringer & Ireland (2016)
Ch. 6 (pp. 203-238)
Events and Submissions/Topic
Module/Topic
Industry and Competitor Analysis
Chapter
Barringer & Ireland (2016)
Ch. 5 (pp. 171-201)
Events and Submissions/Topic
Module/Topic
Vacation week
Chapter
Vacation week
Events and Submissions/Topic
Vacation week
Module/Topic
Chapter
Barringer & Ireland (2016)
Ch. 4 (pp. 133-169)
Events and Submissions/Topic
Module/Topic
Building a New-Venture Team
Chapter
Barringer & Ireland (2016)
Ch.9 (pp. 317-347)
Events and Submissions/Topic
Module/Topic
Analysing Marketing Issues
Chapter
Barringer & Ireland (2016)
Ch. 11 (pp. 387-423)
Events and Submissions/Topic
Module/Topic
Getting Financing or Funding
Chapter
Barringer & Ireland (2016)
Ch. 10 (pp. 349-384)
Events and Submissions/Topic
Module/Topic
Assessing a Venture's Financial Strength and Viability
Chapter
Barringer & Ireland (2016)
Ch. 8 (pp. 281-315)
Events and Submissions/Topic
Module/Topic
Intellectual property issues
Chapter
Barringer & Ireland (2016)
Ch. 12 (pp. 425-461)
Events and Submissions/Topic
Module/Topic
Establish an Ethical and Legal Foundation
Chapter
Barringer & Ireland (2016)
Ch. 7 (pp. 243-247; 255-261)
Events and Submissions/Topic
Self & Peer Report for Assessment 2 is due.
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
1 Written Assessment
This is an individual assessment. You are required to choose an entrepreneur whom you admire and write about that person. Base your writeup from various sources (e.g. newspaper/magazine articles, interviews, etc.) that has information about that particular entrepreneur. Remember to reference each source used using APA formatting style. Note that you are free to choose any entrepreneur except for Steve Jobs and Richard Branson as they are quite well-known entrepreneurs. The word limit for the writeup is 1000 (+10%).
Week 4 Friday (4 Aug 2017) 11:45 pm AEST
Vacation Week Friday (18 Aug 2017)
• Ability to reflect the venture started by the entrepreneur and on the entrepreneurial process that the entrepreneur went through (10 marks)
• Critically reflect on the lessons that can be learned from that entrepreneur (10 marks)
• Referencing and citations (5 marks)
• Spelling and grammar, good use of paragraphs and writing presentation (5 marks)
• Penalties apply for exceeding word limit (1% mark will be deducted from the total mark for Assessment 1 for every 100 words over the allowed 1100 words limit)
• Penalties apply for late submission (5% mark will be deducted from the total mark for Assessment 1 per day unless an approved extension has been granted)
- demonstrate understanding of the entrepreneurial function to a new venture
- explain the nature and relevance of creativity, innovation, and enterprise to a new venture
- critically review principles of risk management amongst entrepreneurs
- Communication
- Problem Solving
- Critical Thinking
- Information Literacy
- Information Technology Competence
- Cross Cultural Competence
- Ethical practice
2 Presentation and Written Assessment
Assessment 2 is designed to allow you to gain a first-hand experience of activities that 'real' entrepreneurs are required to carry out: writing a business plan (component 1) and pitching the idea in a presentation (component 2). This is a group assessment, which requires you to self-select into a group (2-4 students) and to collaborate with your group members in the completion of the assessment. Groups need to be formed by the end of week 3. Important: you need to get approval from the unit coordinator for your chosen venture before you commence working on Assessment 2. The word limit for the business plan writeup component is 2200 (+10%).
Week 10 Friday (22 Sept 2017) 11:45 pm AEST
One member from the group submits the final copy of the assessment 2 (both components) on behalf of the group in Moodle.
Week 12 Friday (6 Oct 2017)
· Ability to justify the need for the new venture (10 marks)
· Ability to critically evaluate the BP components as it relates to the new venture (10 marks)
· Supporting evidence (desk research, interpretation and analysis of material) and properly cited using APA referencing style (5 marks)
· Layout/presentation of the business plan (5 marks)
· Pitch content (5 marks)
· Pitch delivery (5 marks)
· Penalties apply for exceeding word limit (1% mark will be deducted from the total mark for Assessment 2 for every 100 words over the allowed 2420 words limit)
· Penalties apply for late submission (5% mark will be deducted from the total mark for Assessment 2 per day unless an approved extension has been granted)
· Final mark for individual students for assessment 2 may be modified based on the self and peer assessment evaluation received.
- examine the relevance of personal involvement, capability, and resilience amongst entrepreneurs
- apply techniques associated with feasibility analysis, risk management, business planning, financing a new venture
- Communication
- Problem Solving
- Critical Thinking
- Information Literacy
- Team Work
- Information Technology Competence
- Cross Cultural Competence
- Ethical practice
3 Written Assessment
This is an individual assessment that allows you to reflect upon your entire learning journey in this unit. You are required to present, in essay format, a brief critical self-analysis and reflection of your learning. The self-analysis and reflection must consider your personal development, as well as the development of your knowledge of entrepreneurship topics. You must relate your learning to your future career aspirations and how this learning would benefit you. You also need to make references to some of the academic theory learned in this course (use APA-style referencing). The word limit for the writeup is 1000 (+10%).
Review/Exam Week Friday (13 Oct 2017) 11:45 pm AEST
Please ensure you submit your work as a Word document through Turnitin in Moodle.
Assessment 3 is submitted as a proxy for the exam. The return of graded submissions and feedback occurs after the final course grades are released.
- Critical reflection of learning journey (10 marks)
- Reflection on how learning in this term will influence your future goals in terms of entrepreneurship, innovation and new ventures (10 marks)
- Structure/organization of the essay (5 marks)
- Mechanics (Grammar, spelling, referencing) (5 marks)
- Penalties apply for exceeding word limit (1% mark will be deducted from the total mark for Assessment 3 for every 100 words over the allowed 1100 words limit)
- Penalties apply for late submission (5% mark will be deducted from the total mark for Assessment 3 per day unless an approved extension has been granted)
- demonstrate understanding of the entrepreneurial function to a new venture
- explain the nature and relevance of creativity, innovation, and enterprise to a new venture
- critically review principles of risk management amongst entrepreneurs
- evaluate the business plan or proposal for a new venture.
- Communication
- Critical Thinking
- Information Literacy
- Information Technology Competence
- Cross Cultural Competence
- Ethical practice
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
