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MGMT13151 - Entrepreneurship, Innovation and New Ventures

General Information

Unit Synopsis

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 endeavour across a range of contexts. If you have successfully completed the unit MRKT19034 you should not enrol in this unit.

Details

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 2 - 2016

Term 2 - 2017 Profile
Brisbane
Distance
Melbourne
Perth
Sydney
Term 3 - 2017 Profile
Brisbane
Distance
Melbourne
Sydney
Term 2 - 2018 Profile
Brisbane
Distance
Melbourne
Perth
Rockhampton
Sydney
Term 3 - 2018 Profile
Brisbane
Distance
Melbourne
Sydney
Term 2 - 2019 Profile
Brisbane
Melbourne
Online
Perth
Rockhampton
Sydney
Term 3 - 2019 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2020 Profile
Brisbane
Melbourne
Online
Perth
Rockhampton
Sydney
Term 3 - 2020 Profile
Brisbane
Melbourne
Online
Term 2 - 2021 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2021 Profile
Brisbane
Melbourne
Online
Term 2 - 2022 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2022 Profile
Brisbane
Melbourne
Online
Term 1 - 2023 Profile
Online
Term 2 - 2023 Profile
Online
Term 3 - 2023 Profile
Online
Term 1 - 2024 Profile
Online
Term 2 - 2024 Profile
Online

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).

Assessment Overview

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.

Assessment Tasks

Assessment Task Weighting
1. Written Assessment 30%
2. Presentation and Written Assessment 40%
3. Written Assessment 30%

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

Past Exams

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Previous Feedback

Term 2 - 2023 : The overall satisfaction for students in the last offering of this course was 83.33% (`Agree` and `Strongly Agree` responses), based on a 14.63% response rate.

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.

Source: Student survey and in-class feedback
Feedback
Simplify Assessment 2 and remove sub-tasks
Recommendation
Assessment 2 has been simplified to include only one task (Business Plan Report) and additional sub-tasks have been removed.
Action Taken
Assessment 2 has undergone simplification, now encompassing only one task, specifically the Business Plan Report, with the removal of additional sub-tasks.
Source: Student survey and in-class feedback
Feedback
Include assessment exemplars
Recommendation
Assessment exemplars and writing template is included in the Unit Moodle site as assessment support resources.
Action Taken
A writing template for assessment has been developed and embedded in the Moodle
Source: Student emails and in-class feedback
Feedback
The Unit learning resources and practical case studies help increase understanding of the entrepreneurship process and enhance creative thinking skills
Recommendation
Continue to offer engaging Unit learning resources and case studies on Moodle to help increase understanding of entrepreneurship and enhance creative thinking skills.
Action Taken
Fresh learning resources have been embedded in the Moodle
Source: Student Survey
Feedback
Pehaps for the assessment 2, providing more resources or examples for pitch
Recommendation
A guide on how to pitch the business idea should be provided/uploaded in the unit's Moodle.
Action Taken
Nil.
Source: Student Survey
Feedback
The lecturer explained everything in detail about assessments
Recommendation
An updated guide, along with a recorded video, should be uploaded in Moodle, providing details on each assessment. In addition, the lecturer/s should dedicate at least five minutes in each workshop to answer students' questions related to assessment.
Action Taken
Nil.
Unit learning Outcomes

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

  1. demonstrate understanding of the entrepreneurial function to a new venture;
  2. explain the nature and relevance of creativity, innovation, and enterprise to a new venture;
  3. critically review principles of risk management amongst entrepreneurs;
  4. examine the relevance of personal involvement, capability, and resilience amongst entrepreneurs;
  5. apply techniques associated with feasibility analysis, risk management, business planning, financing a new venture; and
  6. 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 • • •
2 - Presentation and Written Assessment • •
3 - Written Assessment • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
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 • • • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10
1 - Written Assessment • • • • • • •
2 - Presentation and Written Assessment • • • • • • • •
3 - Written Assessment • • • • • •