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MGMT20143 - Think Big

General Information

Unit Synopsis

Think Big is a unit about generating, developing, and evaluating ideas for the introduction of innovative and viable new ventures. Think Big entails a process of discovery designed to develop creation of dynamic and impactful enterprises. You will learn about innovative business concepts and the design of performance-differentiating business models. The unit will assist you to generate new marketable ideas and develop skills in innovative thinking, and market assessment in digital, commercial, service and social contexts. This unit will also introduce you to the concept of ideation and horizon thinking, and explore how creative and innovative ideas are generated through teamwork and by brainstorming or workshopping ideas. You will be able to apply the principles of lean entrepreneurship and appreciate what is involved when starting a business or a social enterprise, as well as how to pitch business ideas to potential investors as part of an entrepreneurial team. The unit has a strong practice and market disruption focus.

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 1 - 2024

Term 1 - 2024 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2024 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2024 Profile
Online
Term 1 - 2025 Profile
Brisbane
Melbourne
Online
Sydney
Term 2 - 2025 Profile
Brisbane
Melbourne
Online
Sydney
Term 3 - 2025 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 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. Practical Assessment 30%
2. Practical Assessment 30%
3. Presentation and Written Assessment 40%

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 95.83% (`Agree` and `Strongly Agree` responses), based on a 26.67% 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: Students, Unit Coordinator, and Managment Discipline
Feedback
The students, unit coordinator, and management discipline recommend that the team-based assessment continue, as it is effective from a learning and teaching perspective.
Recommendation
The recommendation is to update the Unit Learning Outcome 3 to: "Generate, evaluate and communicate creative ideas for new ventures, both as independent learners in teams and as leaders of teams, to a variety of audiences."
Action Taken
Learning outcome 3 has been revised accordingly.
Source: Students and unit coordinator
Feedback
Overall, the student feedback from the students about their learning experience is positive, and it supports the current learning and teaching practices in the unit.
Recommendation
The recommendation is to maintain the current learning and teaching philosophy and practices.
Action Taken
In Progress
Source: Students and unit coordinator
Feedback
Students have expressed a desire for stronger connections between the unit and industry practices. They suggested more integration of real-world problem-solving scenarios.
Recommendation
The recommendation is to collaborate with local businesses and entrepreneurs to bring real-world challenges into the classroom. Invite entrepreneurs as guest speakers to share the problems they face and the solutions they've implemented in their successful ventures. This approach will help students apply their learning in practical settings and better understand industry standards.
Action Taken
In Progress
Source: Students and unit coordinator
Feedback
The unit is open to students from all disciplines, but its content is primarily explained from business and management perspectives. This makes it challenging for students without business backgrounds to relate the concepts to their own fields.
Recommendation
The recommendation is to incorporate examples and case studies from a wider range of industries, e.g., engineering, agriculture, nursing, healthcare, etc., to illustrate entrepreneurial concepts. This will help students from diverse backgrounds see how entrepreneurship applies across various sectors and make the content more relevant to their own disciplines.
Action Taken
In Progress
Source: Students and unit coordinator
Feedback
Students have noted that the one-hour pre-recorded lecture videos can be difficult to digest in one sitting.
Recommendation
The recommendation is to provide a table of contents under each lecture video on Moodle, indicating the time slots for each subtopic. This approach will help guide students to the necessary content, making it more accessible and easier to follow.
Action Taken
In Progress
Unit learning Outcomes

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

  1. Develop, through independent research, an advanced and integrated understanding of the key concepts of innovation, business models, and new ventures in commercial, digital, service, and social contexts
  2. Critically analyse cases of disruptive innovation by applying lean entrepreneurship principles
  3. Generate, evaluate and communicate creative ideas for new ventures to a variety of audiences
  4. Research and apply established theories related to ideation processes, business model design principles, and forecasting
  5. Critically discuss and reflect on the technical, financial, and organisational constraints for innovative new ventures.

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