MGMT20132 - Innovation and Sustainable Business Development

General Information

Unit Synopsis

Rapid technological development and increased globalisation bring with it a wealth of new business and societal opportunities and challenges as competitive advantages of societies, nations, and companies continue to change. This unit focuses on developing your ability to think creatively about anticipating and responding to these developments and to identify opportunities and directions for sustainable growth. The unit develops your abilities to recommend practical innovation systems and programs for organisations. The unit improves your skills in analysing and synthesising information and developing solutions to improve the long-term sustainability of a business or organisation. You learn about concepts, principles, tools and techniques relevant to all phases of idea generation, concept development and commercialisation of new business models, new business processes, new products, new services and solutions to societal challenges. This unit identifies and explores the issues in implementing these solutions while recognising the competencies, power and access to resources of the individual and the organisation. This unit allows students to focus on an organisation, industry, or sector of their choice from a selected list of options for all assessments. If you have successfully completed the unit MGMT20128 you should not enrol in this unit.

Details

Level Postgraduate
Unit Level 9
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the unit.

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 - 2024

Term 2 - 2024 Profile
Brisbane
Melbourne
Online
Sydney
Term 1 - 2025 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2025 Profile
Brisbane
Melbourne
Online
Sydney

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 Postgraduate 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 50%
2. Written Assessment 50%

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 1 - 2024 : The overall satisfaction for students in the last offering of this course was 89.66% (`Agree` and `Strongly Agree` responses), based on a 33.72% 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 Unit Evaluations and feedback
Feedback
Students continue to provide positive feedback about this unit. An example: “I have found this unit to be one of the most valuable I have completed as part of the MBA. The tools and their practical application have been invaluable to me. I admit it was challenging as I do not come from an area of work that I would consider “innovative”, however being able to see how to use the tools to develop and assess new ideas for the business has been so powerful to the point that I have started incorporating them into my standard work environment.”
Recommendation
The ongoing unit improvement activities must be continued to maintain the unit focus on contemporary developments in innovation and sustainable business development concepts and practices.
Action Taken
The new textbook about Disciplined Entrepreneurship by Bill Aulet (2024) was introduced in T1 2024.
Source: Student Unit and Teaching Evaluations (SUTE) and Unit Coordinator
Feedback
Assessment update.
Recommendation
Assessment items will be revised and updated where necessary.
Action Taken
In Progress
Unit learning Outcomes

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

  1. Discuss the range of innovation strategies and paths available to ensure future sustainability and viability of a business or organisation
  2. Critically analyse information that provides insight into innovation and business development processes
  3. Develop and evaluate innovative solutions to improve the sustainability and viability of a business or organisation
  4. Recommend practical innovation systems and programs that foster and commercialise innovative solutions for organisations
  5. Critically evaluate one’s own personal capabilities and the resources available to implement innovation and business development projects
  6. Effectively communicate commercially, socially viable and ethical innovation systems and business proposals for businesses and organisations

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Written Assessment • • • • • •
2 - Written Assessment • • • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Professional Level
• Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6
1 - Knowledge • • • • • •
2 - Communication • • • • • •
3 - Cognitive, technical and creative skills • • • • • •
4 - Research • •
5 - Self-management • • •
6 - Ethical and Professional Responsibility • • •
7 - Leadership • • •
Alignment of Assessment Tasks to Graduate Attributes
• Professional Level
• Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8