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Entrepreneurship and Innovation
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BUMGT1101 - Entrepreneurship and Innovation
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20270200
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Course
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4.2
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2026-09-21
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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080301
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Business Management
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080301 - Business Management
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<a href="http://www.federation.edu.au/locate/unit/bumgt1101">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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5
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Diploma, Undergraduate Certificate
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Introductory
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1
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<p>For quite some time, the realms of entrepreneurship and innovation have followed separate paths, each confined to its own narrow scope, which has led to certain drawbacks: entrepreneurship has fixated on the establishment of small businesses, while innovation has been predominantly concerned with the development of new products. With this in mind, this unit endeavours to reintegrate the theory and application of entrepreneurship and innovation. In doing so, it prioritizes enhancing students’ creative, strategic, and interpersonal skills, enabling them to effectively launch novel innovations within established enterprises and to create and grow entrepreneurial initiatives from scratch. <br><br>
Furthermore, this unit not only fosters a comprehension of the entrepreneurial and innovative landscape, it also underscores the practical dimensions of both, such as identifying opportunities, securing resources, developing ventures, and generating value.</p>
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<p>Topics may include:</p>
<p>1. Entrepreneurship and innovation: theories and trends</p>
<p>2. Social innovation and social entrepreneurship for solving ‘wicked’ problems in a globalised world</p>
<p>3. Industries in transition - sustainable innovation</p>
<p>4. Harnessing an entrepreneurial / intrepreneurial mindset</p>
<p>5. New venture development: opportunity identification, evaluation and exploitation</p>
<p>6. Research and planning for new ventures</p>
<p>7. Acquiring support: sources of financial and strategic input</p>
<p>8. Managing growth and transition</p>
<p>9. Leading through complexity and harnessing adaptive capacity</p>
<p>10. Pitching your venture</p>
<p>11. The value of failure</p>
<p>12. Reflections on an entrepreneurial journey</p>
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<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
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2027
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2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>For quite some time, the realms of entrepreneurship and innovation have followed separate paths, each confined to its own narrow scope, which has led to certain drawbacks: entrepreneurship has fixated on the establishment of small businesses, while innovation has been predominantly concerned with the development of new products. With this in mind, this unit endeavours to reintegrate the theory and application of entrepreneurship and innovation. In doing so, it prioritizes enhancing students’ creative, strategic, and interpersonal skills, enabling them to effectively launch novel innovations within established enterprises and to create and grow entrepreneurial initiatives from scratch. <br><br> Furthermore, this unit not only fosters a comprehension of the entrepreneurial and innovative landscape, it also underscores the practical dimensions of both, such as identifying opportunities, securing resources, developing ventures, and generating value.</p>
Unit content
<p>Topics may include:</p> <p>1. Entrepreneurship and innovation: theories and trends</p> <p>2. Social innovation and social entrepreneurship for solving ‘wicked’ problems in a globalised world</p> <p>3. Industries in transition - sustainable innovation</p> <p>4. Harnessing an entrepreneurial / intrepreneurial mindset</p> <p>5. New venture development: opportunity identification, evaluation and exploitation</p> <p>6. Research and planning for new ventures</p> <p>7. Acquiring support: sources of financial and strategic input</p> <p>8. Managing growth and transition</p> <p>9. Leading through complexity and harnessing adaptive capacity</p> <p>10. Pitching your venture</p> <p>11. The value of failure</p> <p>12. Reflections on an entrepreneurial journey</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080301 - Business Management
Offering:
<p><strong>Semester 1</strong><p>Ballarat - Mt Helen (On Campus)</p><p>Berwick (On Campus)</p><p>Gippsland - Churchill (On Campus)</p><p>Melbourne City Campus (On Campus)</p><p>On-line Learning</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bumgt1101">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
<p>must not have completed <a href="/ords/r/curriculum/catalogue/course?p6_code=BUENT1501" target="_blank">BUENT1501</a> AND must not have completed <a href="/ords/r/curriculum/catalogue/course?p6_code=BUENT2635" target="_blank">BUENT2635</a></p>
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
1
<p>Explain key theories, forms and frameworks of entrepreneurship and innovation and their role in contemporary organisations and society.</p>
2
<p>Analyse entrepreneurial environments and opportunities, including the social, ecological and ethical implications of entrepreneurial and innovative activity.</p>
3
<p>Formulate entrepreneurial and innovation strategies for new venture creation, resource acquisition and growth.</p>
4
<p>Communicate entrepreneurial strategies and venture proposals effectively in written and oral forms, individually and collaboratively.</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Assessing students' understanding of the topics covered till the assignment due date</p>
<p>Quiz (Individual assignment)</p>
<p>10-30%</p>
1, 2
2
<p>Critique of an entrepreneur/entrepreneurial organisation (case organisation)</p>
<p>Individual assignment</p>
<p>20-40%</p>
1, 2, 4
3
<p>New venture development and pitch</p>
<p>Group assignment (Written report and/or presentation)</p>
<p>40-60%</p>
1, 2, 3, 4
Supplementary assessment available:
Yes
Supplementary assessment information:
<p>Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment.</p>
FedTASK
FedTASK
Description of FedTASK outcome
Level
FedTASK 1: Interpersonal
The ability to effectively communicate, interact and work with others both individually and in groups.
<p>Level 2 - Student demonstrates some independence within provided guidelines</p>
FedTASK 2: Leadership
The ability to apply professional skills and behaviours in leading others.
<p>Level 1 - Students require directions and boundaries from mentor</p>
FedTASK 3: Critical Thinking and Creativity
The ability to work in complexity and ambiguity using imagination to create new ideas.
<p>Level 2 - Student demonstrates some independence within provided guidelines</p>
FedTASK 4: Digital Literacy
The ability to work fluently across a range of tools and applications to achieve a range of skills.
<p>Level 1 - Students require directions and boundaries from mentor</p>
FedTASK 5: Sustainable and Ethical Mindset
The ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions.
<p>Level 1 - Students require directions and boundaries from mentor</p>
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080301 - Business Management
Offering:
<p><strong>Semester 1</strong><p>Ballarat - Mt Helen (On Campus)</p><p>Berwick (On Campus)</p><p>Gippsland - Churchill (On Campus)</p><p>Melbourne City Campus (On Campus)</p><p>On-line Learning</p></p>
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bumgt1101">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUMGT1101 - U4.2