MGMT20132 - Innovation and Sustainable Business Development

General Information

Unit Synopsis

Rapid technological development and increased globalisation brings 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 of 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. 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 3
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 3 - 2018

Term 1 - 2019 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2019 Profile
Brisbane
Melbourne
Online
Sydney
Term 1 - 2020 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2020 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

No previous feedback available

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: Students in class and 'Have Your Say"
Feedback
Continue to engage students with the use of practical workshops.
Recommendation
The recommendation is to continue the current workshop format as it complements the lecture part well and engages students with the unit content and assessments.
Action Taken
The popular workshop format was continued as it complements the lecture part well and engages students with the unit content and assessments.
Source: Unit coordinator, based on contemporary developments in the discipline, student and lecturer feedback.
Feedback
It is recommended to better balance the focus on theory (1 hour lecture) versus practice (2 hour workshops) by introducing a more comprehensive workbook for the workshop exercises.
Recommendation
It is recommended to replace the current workbook text with a more comprehensive workbook text. The recommended and selected text is the "Disciplined Entrepreneurship Workbook" by Aulet (2017). The workbook is good as it links 24 general tools and techniques for technology innovation-driven innovation with market acceptance and adoption. Application of the tools and techniques strengthen the development and quality of value propositions and sustainable business proposals.
Action Taken
Nil.
Source: Unit coordinator, based on contemporary developments in the discipline, student and lecturer feedback.
Feedback
The unit has a very good focus on technology but could be strengthened by introducing the UN Sustainable Development Goals also.
Recommendation
It is recommended that the UN Sustainable Development Goals are introduced and that students are able to address both technology trends and sustainable development goals in the assessments.
Action Taken
Nil.
Source: "Have Your Say" and lecturers.
Feedback
The current lecture/workshop format is very attractive as it supports the students preferred learning style.
Recommendation
The recommendation is to continue the current lecture/workshop format and teaching philosophy.
Action Taken
Nil.
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 which 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; and
  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
Advanced Level
Professional 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
Advanced Level
Professional Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
1 - Written Assessment
2 - Written Assessment