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Unit outline_

MMGT6018: Innovation and Entrepreneurship

Semester 2a, 2024 [Block mode] - Castlereagh St, Sydney

The objective of this unit is to provide students with an understanding of the process involved successfully engaging in innovation and entrepreneurship. This aim requires an interdisciplinary approach balancing innovation management and entrepreneurial processes. The unit addresses the role of innovation and opportunity recognition, business start-up and growth, developing resources, corporate entrepreneurship, and innovation in existing firms. The unit is built to develop knowledge, insights and skills to exploit opportunities and prepare students to launch a start-up or to drive innovation within an existing company. Insights from entrepreneurial practice and theory are integrated throughout the unit.

Unit details and rules

Academic unit Management Education
Credit points 6
Prerequisites
? 
None
Corequisites
? 
None
Prohibitions
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

No

Teaching staff

Coordinator Corinna Galliano, corinna.galliano@sydney.edu.au
The census date for this unit availability is 16 August 2024
Type Description Weight Due Length
Assignment Assessment 1. Interview with Entrepreneur (Part 1): Annotated Questions
Annotated questions for the interview
10% Week 02
Due date: 18 Aug 2024 at 23:59

Closing date: 27 Aug 2024
From 1 to 2 A4 pages
Outcomes assessed: LO5 LO1 LO2
Assignment Assessment 1. Interview with Entrepreneur (Part 2): Blog Post
A blog post telling the entrepreneur's story
10% Week 04
Due date: 29 Aug 2024 at 23:59

Closing date: 07 Sep 2024
500 words
Outcomes assessed: LO1 LO2 LO5
Presentation group assignment Assessment 2. Group Pitch
Presentation; slide deck with appendixes/attachments; peer evaluation
50% Week 05
Due date: 05 Sep 2024 at 23:59

Closing date: 14 Sep 2024
20 minutes
Outcomes assessed: LO1 LO5 LO4 LO3 LO2
Assignment Assessment 3 - Investor Feedback
Feedback on group pitches while assuming the role of an investor
10% Week 05
Due date: 08 Sep 2024 at 23:59

Closing date: 17 Sep 2024
500 words
Outcomes assessed: LO1 LO4
Assignment Assessment 4 - Reflective Portfolio
Individual reflection presented in the form of a portfolio
20% Week 06
Due date: 13 Sep 2024 at 23:59

Closing date: 22 Sep 2024
1000 words plus appendices
Outcomes assessed: LO1 LO5 LO3 LO2
group assignment = group assignment ?

Assessment summary

Assessment 1. Interview with an Entrepreneur is worth 20 marks, including 20 marks for an individual component and 0 marks for a group component. This group component is a hurdle task for this assessment, which means it must be completed to be awarded the marks for this assessment. In your chosen group, you will identify an entrepreneur and conduct a semi-structured interview with them (Part 3 - Group - 0 marks). You will explore who the entrepreneur is, what they do, how they came up with the idea, the challenges they faced, and the success they experienced. Before conducting the interview, you will develop, individually, 1 to 2 A4 pages of annotated questions for the interview (Part 1 - Individual - 10 marks). These questions should reference relevant concepts and theories discussed in class, explaining their relevance and what they aim to uncover. After conducting the interview, you will analyse it using concepts and theories discussed in class to identify the entrepreneur's mindset. Your findings will be captured in a blog post to be published in our Entrepreneurs of Sydney blog (Part 2 - Individual - 10 marks).

Assessment 2. Group Pitch is worth 50 marks, including 40 marks for a group component and 10 for an individual component. You can either identify an opportunity that can be exploited by creating a new venture or use the opportunity identified by the entrepreneur you interviewed in Assessment 1. You will shape the opportunity using the steps of the Lean Start-up Method and Design Thinking. You will determine the overall context and size of the opportunity, the product-market positioning at entry and how this may change as the business grows, and the business ecosystem that the new venture needs to develop its new offering. You will present the new venture as a pitch targeted to a panel of investors. The aim of the pitch is to assemble the resources and the ecosystem needed to launch the new venture. The pitch should be informed by the principles, concepts, and frameworks covered in the unit, as well as the expert advice given by guest lecturers. The pitch is submitted in four parts. First, you will submit a slide deck with appendices and/or attachments (Part 1 - Group - 20 marks) that provide evidence of the process used in identifying and shaping the opportunity over the four weeks of the unit. This includes documenting the experiments conducted using the Lean Start-up Method, iterations of your opportunity and its Minimum Viable Product based on the results of these experiments, and feedback from peers, entrepreneurs, and the teacher. Second, during the Week 5 lecture, you will present the pitch (Part 2 - Group - 20 marks). Third, after the pitch, every group member will answer a question about the pitch (Part 3 - Individual - 5 marks). Fourth, each member will complete a peer evaluation for the other group members (Part 4 - Individual - 5 marks).

Assessment 3. Investor Feedback is worth 10 marks and is an individual assigment. You will act as a member of the panel of investors to evaluate one of the Group Pitches presented for Assessment 2. In your feedback, you will assess whether the new venture is a good investment opportunity (e.g., how favourable the business context is, the attractiveness of the opportunity, the strength of the new venture team) and provide recommendations for the new venture (e.g. key strengths, key weaknesses) including requesting additional information or revisions. Your evaluation should be informed by the principles, concepts, and frameworks covered in the unit, as well as the expert advice given by guest lecturers.

Assessment 4. Reflective Portfolio is worth 20 marks and is an individual assigment. You will compose a reflective portfolio on the development of your capacity and potential for entrepreneurship and innovation. The portfolio will weave together personal experience with unit concepts to highlight aspects of your learning journey. Although the portfolio is due at the end of the semester, you will have to provide evidence of your engagement of your engagement throughout the unit. This evidence includes self-reflections completed at the end of each lecture, your idea generation journal and other artefacts produced during the unit. You may incorporate multimedia items in your portfolio.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Distinction

75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Credit

65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Pass

50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Support for students

The Support for Students Policy 2023 reflects the University’s commitment to supporting students in their academic journey and making the University safe for students. It is important that you read and understand this policy so that you are familiar with the range of support services available to you and understand how to engage with them.

The University uses email as its primary source of communication with students who need support under the Support for Students Policy 2023. Make sure you check your University email regularly and respond to any communications received from the University.

Learning resources and detailed information about weekly assessment and learning activities can be accessed via Canvas. It is essential that you visit your unit of study Canvas site to ensure you are up to date with all of your tasks.

If you are having difficulties completing your studies, or are feeling unsure about your progress, we are here to help. You can access the support services offered by the University at any time:

Support and Services (including health and wellbeing services, financial support and learning support)
Course planning and administration
Meet with an Academic Adviser

WK Topic Learning activity Learning outcomes
Week 01 Who is an entrepreneur? Block teaching (8 hr) LO1 LO2 LO3 LO5
Week 02 Transforming ideas into reality. Block teaching (8 hr) LO1 LO2 LO3 LO4 LO5
Week 03 Business start-up and growth. Block teaching (8 hr) LO1 LO2 LO3 LO4 LO5
Week 04 Developing the resources. Block teaching (8 hr) LO1 LO2 LO3 LO4 LO5
Week 05 Pitch day and feedback. Recap and moving forward. Block teaching (8 hr) LO2 LO3 LO4 LO5

Attendance and class requirements

This is a block unit. Due to the course's experiential and project-based design, full attendance is strongly recommended.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

The reading list will be available on Canvas.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. Apply processes of innovation and entrepreneurship to create business opportunities
  • LO2. Develop knowledge, insights and skills to launch a start-up or to drive innovation
  • LO3. Lead and motivate an interdisciplinary team to innovate
  • LO4. Evaluate innovative and entrepreneurial business model performance
  • LO5. Apply cognitive strategies that define the mindset of entrepreneurs and innovators

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

Based on student feedback indicating a preference for more emphasis on developing the group pitch rather than writing lengthy essays and reports, we have adjusted the assessments and learning outcomes to better align with these preferences.

More information can be found on Canvas.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.