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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 endeavours 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

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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2017

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

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 - 2020 : The overall satisfaction for students in the last offering of this course was 4.6 (on a 5 point Likert scale), based on a 32.32% 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: Have Your Say and informal feedback.
Feedback
Students would like to attend Zoom sessions but they need to occur later in the evening.
Recommendation
Continue to schedule Zoom sessions at a convenient time for working students. After 5:30 pm on weekdays.
Action Taken
The unit was taught in total online mode in Term 2 for all enrolled students using zoom workshops as per weekly timetabled schedules.
Source: Have Your Say and informal feedback.
Feedback
Have more recorded information available on Moodle including lectures, unit content activities and assessment information.
Recommendation
Continue to record short lectures, record mini simulations related to in-class tutorial activities that would be engaging to students who are online learners and ensure that accessible and 'one stop' information is provided in relation to assessment.
Action Taken
Recorded workshops and lecture videos for every week's learning activity were uploaded on echo360 with links to video resources provided on Moodle in Term 2 2020.
Source: Have Your Say and informal feedback.
Feedback
Including the opportunity to take part in The Big Idea competition in the assessment items was very enjoyable and interesting.
Recommendation
Continue to provide the opportunity to take part in The Big Idea competition in Term 2 each year.
Action Taken
In Term 2 2020, UC engaged with the Office of Social Innovation and shared information on the opportunity to take part in The Big Idea competition during class workshops.
Source: Have Your Say and informal feedback.
Feedback
It would be beneficial to have an individual mark awarded in group work as well as a group mark.
Recommendation
Ensure that marking rubrics in future have an individual mark as well as a group mark for group based assessment items.
Action Taken
Pitch presentation part of the group assessment task involved individual mark in Term 2 2020.
Source: Student feedback in class and the Have Your Say survey
Feedback
Students really liked the applied learning content of the unit, specifically the real world case studies of entrepreneurs.
Recommendation
Continue to include applied learning content in the unit like case studies and examples of entrepreneurs.
Action Taken
Nil.
Source: Student feedback in class and the Have Your Say survey
Feedback
Students must have an individual mark awarded in group work as well as a group mark.
Recommendation
Ensure that marking rubrics in future have an individual mark as well as a group mark for group based assessment items.
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
  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
1 - Written Assessment
2 - Presentation and Written Assessment
3 - Written Assessment