Course MGMT311 Managing Entrepreneurship and Innovation
Course dates 9 - 20 July 2018
Campus North Sydney
Lecturer(s) Dr Hardik Vachharajani
Form(s) of teaching Experiential teaching and learning, business clinics, seminars, guest speakers and field work off site
Form(s) of assessment Reflective essay, case study and class exam
ACU credit points 10
Contact hours 36 hours (Class and outbound fieldwork)

Innovation is critical for the development of firms, regions, and economies. Entrepreneurship is the process of taking innovations and developing them for positive business and social outcomes. Entrepreneurship has a strong role to play in assisting individuals to develop concepts into sustainable businesses from micro businesses through to innovation in major corporations.

This unit focuses on developing an entrepreneurial mindset in different organisational and industry settings. The purpose of the unit is to explore the dimensions of new venture creation and growth and to foster innovation. It will examine both shareholder value approaches and the central social purpose of creating sustainable innovation and shared value.

These themes will be explored through seminars, industry panel discussions, business clinics and site visits.  In addition, all students will have the opportunity to relate important principles and aspects of their majors to a "real" international business environment. International students undertaking this two week study will also gain an awareness of Australian business culture, operations and organisational behaviour and derive implications for international business activities.

Topics will include:

  • Entrepreneurship, intrapreneurship, innovation and new venture creation
  • Characteristics of entrepreneurs
  • Creating social and sustainable value
  • Leadership and organisation of innovation
  • Innovation cycle
  • Global entrepreneurship
  • The entrepreneurial ecosystem and its components
  • Public sector and policy frameworks supporting entrepreneurship and innovation
  • Micro-business, family business and entrepreneurship
  • Entrepreneurship in the social and informal sectors

On successful completion of this unit, students should be able to:

  • Explain and analyse the major theories and models innovation and entrepreneurship
  • Analyse and apply core concepts underpinning entrepreneurship and the entrepreneurial mindset to support continuous organisational, personal and professional development
  • Explain the innovation cycle and suggest means by which it can be accelerated
  • Explain the importance of entrepreneurs in different national contexts
  • Evaluate and discuss the most commonly cited characteristics found in successful entrepreneurs

For all students but particularly for International Students:

  • Engage globally with other students, institutions and employers from Australia.

Excursions and site visits to industries will be a feature of this two week study. Industries will be a mixture of commercial services, distribution and manufacturing. Site visits will include:

  • Government offices
  • innovative ‘new start-up’ companies
  • global companies engaged in the Australasia- Pacific region.

This course would appeal to any student who is keen to explore current themes of entrepreneurship, innovation, globalisation and business conducted from an Australasia-Pacific perspective.

Required text

Bessant, J & Tidd, J 2015, Innovation and entrepreneurship, 3rd edn, Wiley, Hoboken, NJ.

Recommended references

  • Avolio Alecchi, BE & Marković, MR 2013, Women and entrepreneurship: female durability, persistence and intuition at work, Routledge, Farnham, England.
  • Matthews, CH & Brueggeman, R 2015, Innovation and entrepreneurship: a competency framework, Routledge USA, New York.
  • Hisrich, RD & Kearney, C 2013, Managing innovation and entrepreneurship, SAGE, Thousand Oaks, CA.
  • Samson, D & Gloet, M 2015, Innovation and entrepreneurship: creating new value, Oxford University Press Australia, Melbourne.

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