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