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HE Unit Template
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Innovation and Entrepreneurship
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BUMGT5977 - Innovation and Entrepreneurship
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20240200
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1.2
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2026-09-10
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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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Postgraduate - Coursework
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15
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.125
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080399
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Business and Management, n.e.c.
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080399 - Business and Management, n.e.c.
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<a href="http://www.federation.edu.au/locate/unit/bumgt5977">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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<p>This unit aims to develop students’ creative, strategic, and interpersonal capabilities to successfully launch new innovations within existing companies and to create and grow entrepreneurial initiatives from scratch. The unit is designed to be highly interactive and hands-on, with an emphasis on collaboration and real-world engagement. Guest speakers from local industries and enterprises will provide personal insights into the approaches, motivations, and resources that have served their own entrepreneurial journeys. Students will unpack case studies and situational problems in order to link theoretical models with the dynamism of innovation processes. The unit also explores the emerging field of social entrepreneurship to discover its potential as a vehicle for positive social impact and how it is being applied by organisations across all sectors. Facilitated group work will encourage students to collectively initiate and test new value propositions as they plan an entrepreneurial venture. Reflexive exercises will support students to contemplate what inspires them, to develop greater self-understanding into their own purpose, and to adopt a systems lens to unpack complex challenges in new ways.</p>
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<p>•The unit may consist of the following broad topics:<br>
•The nature of innovation and entrepreneurship<br>
•Innovation processes and systems thinking<br>
•Harnessing your entrepreneurial / intrapreneurial mindset<br>
•Developing novel solutions for ‘wicked’ problems in a globalized world<br>
•New venture development: opportunity identification, evaluation and exploitation<br>
•Research and marketing for new ventures<br>
•Financing of new ventures<br>
•Managing growth, harvest and transition<br>
•Adaptive capacities and failure<br>
•Entrepreneurial leadership and fostering innovative organisations</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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BUMGT5977 - Innovation and Entrepreneurship
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Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>This unit aims to develop students’ creative, strategic, and interpersonal capabilities to successfully launch new innovations within existing companies and to create and grow entrepreneurial initiatives from scratch. The unit is designed to be highly interactive and hands-on, with an emphasis on collaboration and real-world engagement. Guest speakers from local industries and enterprises will provide personal insights into the approaches, motivations, and resources that have served their own entrepreneurial journeys. Students will unpack case studies and situational problems in order to link theoretical models with the dynamism of innovation processes. The unit also explores the emerging field of social entrepreneurship to discover its potential as a vehicle for positive social impact and how it is being applied by organisations across all sectors. Facilitated group work will encourage students to collectively initiate and test new value propositions as they plan an entrepreneurial venture. Reflexive exercises will support students to contemplate what inspires them, to develop greater self-understanding into their own purpose, and to adopt a systems lens to unpack complex challenges in new ways.</p>
Unit content
<p>•The unit may consist of the following broad topics:<br> •The nature of innovation and entrepreneurship<br> •Innovation processes and systems thinking<br> •Harnessing your entrepreneurial / intrapreneurial mindset<br> •Developing novel solutions for ‘wicked’ problems in a globalized world<br> •New venture development: opportunity identification, evaluation and exploitation<br> •Research and marketing for new ventures<br> •Financing of new ventures<br> •Managing growth, harvest and transition<br> •Adaptive capacities and failure<br> •Entrepreneurial leadership and fostering innovative organisations</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080399 - Business and Management, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bumgt5977">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
None
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
K1
<p>Critically examine the theoretical and practical underpinnings of innovation and entrepreneurship</p>
K2
<p>Recognise the different forms of entrepreneurship, including private, social, civic and intrapreneurship</p>
K3
<p>Evaluate the context, principles and conceptual frameworks used in developing new innovations and launching successful entrepreneurial activities</p>
K4
<p>Appraise and interpret the impact of innovation and entrepreneurship in society</p>
K5
<p>Detect the social and ecological impacts of entrepreneurial change, including the potential of social innovation and entrepreneurship for solving complex social and environmental problems</p>
S1
<p>Analyse and critically evaluate the role of innovation and entrepreneurship across the spectrum of organisational environments</p>
S2
<p>Assess the sequences of innovation for new venture creation in a diverse range of contexts</p>
S3
<p>Investigate and synthesise innovation and entrepreneurial strategies for facilitating entrepreneurial action and opportunities</p>
S4
<p>Reflect critically on one’s own personal qualities for entrepreneurial success and the value of entrepreneurial feasibility, planning and assessment</p>
S5
<p>Propose in written and/or oral form entrepreneurial business strategies</p>
A1
<p>Investigate, analyse and articulate the results from an entrepreneurial context</p>
A2
<p>With high level personal autonomy and accountability, demonstrate critical thinking and judgment individually or collaboratively in applying business scenarios from an entrepreneurial perspective</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Critique of entrepreneurial activities based on workshop cases</p>
<p>Assignment</p>
<p>20-30%</p>
K1, K2, K4, K5, S1, S2, A2
2
<p>New venture development and pitch</p>
<p>Report and presentation</p>
<p>40-60%</p>
K3, K5, S1, S2, S3, S5, A1, A2
3
<p>Critical reflection on the innovation process</p>
<p>Critical commentary</p>
<p>20-30%</p>
K1, K2, K3, K4, K5, S4, A2
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
<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:
Postgraduate - Coursework
Credit points:
15
EFTSL:
0.125
Field of education:
080399 - Business and Management, n.e.c.
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/bumgt5977">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUMGT5977 - U1.2