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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 innovation 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 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
Mackay
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
Term 3 - 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. 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

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: Melbourne student.
Feedback
This unit made every student generate business ideas and bring out the creativity inside them. Overall a great unit to create new insights over technology and further them in future.
Recommendation
Continue to focus on creative and practical lean entrepreneurship outcomes.
Action Taken
This was continued with greater scaffolding and structural elements to assist the attainment of learning outcomes.
Source: Melbourne student
Feedback
The challenge of drawing out ideas which turned out to be a starting point of which path I should pursue to become entrepreneurial in mind and practice is I think the best thing that happened to me in taking this unit.
Recommendation
Continue to help students to find their own path to starting a business.
Action Taken
This was continued with greater scaffolding and structural elements to assist the attainment of learning outcomes.
Source: Distance student.
Feedback
The workshops with the lecturer - this was very helpful especially being an off campus student. The three assessments were planned well to supplement learning gradually.
Recommendation
Continue to have online workshops individually and in groups with online students at least 2-3 times in the semester.
Action Taken
More comprehensive learning materials were developed. Online sessions were delivered each week with recorded sessions available immediately after the session for those unable to attend.
Source: Sydney
Feedback
The tutor was nice and friendly.
Recommendation
Focus on engagement to continue.
Action Taken
Positive engagement through practical application of entrepreneurial concepts reinforces the CQU values and promise to students.
Source: 'Have Your Say' survey responses
Feedback
I was really thinking a business after my graduation but I was not directed on how to carry out the business plan. So, this unit gave me a clear idea on how to start a new business through idea generation and present them in front of investor through business pitch. I will surely apply them in coming days. Thanks lecturer and unit coordinator for the providing such learning platform and boosting my confidence towards entrepreneurship.
Recommendation
Continue to highlight the value of research insights to the practical aspects of entrepreneurship. Furthermore, continue to highlight the commercialisation of ideas that arise through media coverage and networks.
Action Taken
Nil.
Source: 'Have Your Say' survey responses
Feedback
Most practical unit I have come across so far. My professor has been a great inspiration.
Recommendation
The field is continuously evolving and this dynamic is great to share. Implementation and the continual recalibration of effort and resources underscores the importance of Lean Start-ups.
Action Taken
Nil.
Source: 'Have Your Say' survey responses
Feedback
The way the explanation is given on moodle site for each assignment is excellent and easy to understand which is the best part of this unit.
Recommendation
Ensuring clarity of requirements in Moodle and quick access/navigation to relevant information reflects good design principles.
Action Taken
Nil.
Source: 'Have Your Say' survey responses
Feedback
Awesome teaching staff and having good knowledge of subject. All over it was excellent
Recommendation
Maintain teaching excellence through regular collegial discussion of progress across the teaching term.
Action Taken
Nil.
Source: 'Have Your Say' survey responses
Feedback
I guess the commercialisation part of the idea is what was not sufficiently covered in the course.
Recommendation
Commercialisation is a logical step forward in developing a subsequent unit.
Action Taken
Nil.
Unit learning Outcomes

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

  1. Define and apply key concepts of innovation in commercial, digital, service, and social contexts
  2. Investigate cases of disruptive innovation in different business and social contexts by applying lean entrepreneurship principles
  3. Develop ideas using conceptualisation frameworks, innovation personas and horizon thinking in different business and social contexts
  4. Demonstrate an understanding of and apply the stages of the innovation process, including learn how to forecast the success and market diffusion of your innovation using business model design logic
  5. Identify and discuss the technical, financial and organisational constraints to innovation in markets that occur in real-life through the use of teamwork and brainstorming.

nil

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
Advanced Level
Professional 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
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 - Practical Assessment
2 - Practical Assessment
3 - Presentation and Written Assessment