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The current and official versions of the course specifications are available on the web at http://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

MGT8040 Entrepreneurship, Innovation and Creativity

Semester 2, 2013 External Toowoomba
Units : 1
Faculty or Section : Faculty of Business and Law
School or Department : School of Management and Marketing
Version produced : 25 April 2014

Contents on this page

Staffing

Examiner: Jess Co
Moderator: Ronel Erwee

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

The new world economy requires nations to harness, develop and preserve their capabilities to innovate and to be entrepreneurial. Mention is frequently made of the 'entrepreneurial revolution', signifying the fact that the ability to innovate and be entrepreneurial has become a powerful economic force across the globe. Entrepreneurial endeavour is a prerequisite for economic growth and entrepreneurs and small business leaders constitute a significant contributing force to economic activity in general and job creation in particular. However entrepreneurship is not only about new ventures or small business organisations. An increasingly volatile and global environment is forcing organisations from small to extremely large to be more responsive and innovative in order to maintain or improve competitiveness internationally. You as a leader or manager of an organisation(s), therefore, have to deliberately work towards establishing organisational environments that are well aligned with this new environment. This calls for leadership and managerial competencies that can unleash the creative potential and individual and collective innovative thinking and capabilities of all organisational members and stakeholders. This course is aimed at developing your entrepreneurial capabilities as a current, future leader or manager, with a particular emphasis also on your creative and innovative abilities. Through developing your knowledge and understanding of entrepreneurial endeavour and enhancing your capabilities to be creative and innovative, this course serves to lay the foundation for enhancing your chances of entrepreneurial success in the new world economy.

Synopsis

The course starts with the consideration of the nature and challenge of entrepreneurial work and specifically aims at putting into place the initial building blocks for coming to better grips with the exciting and increasingly prominent field of theory and practice related to creativity, innovation and entrepreneurship. Consideration moves to helping you to develop your own capacity to be creative and show how creativity can be put to work in organisational contexts. The nexus between creativity and innovation is then considered and what innovation means and entails and where it comes from. Finally, you will be exposed to a number of managerial leadership challenges including the different ways or options of going into business, how to do market research, analyse entrepreneurial opportunities, how to draft a business plan, how to finance new and growing entrepreneurial ventures and their legal considerations.

Objectives

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

  1. appreciate and understand the role, nature and value of entrepreneurship and the challenges related to entrepreneurial endeavour
  2. analyse and apply relevant principles to promote creativity and innovation for the benefit of existing or new organisations
  3. demonstrate an understanding of and insight into the challenges related to planning for and initiating entrepreneurial endeavours
  4. utilise creative and innovative ability to enhance the chances of being successful at leading entrepreneurial endeavours and organisational innovation
  5. apply critical thinking - evaluate, synthesise and critically review theoretical frameworks with other evidence to provide solutions to real-world problems
  6. communicate professionally and effectively in written communication to various audiences to achieve targeted outcomes
  7. demonstrate an understanding of the impact of interpersonal communication on specific management processes and outcomes using relevant theories and concepts
  8. conduct research to provide possible solutions to the problem
  9. comprehend and address complex ethical dilemmas
  10. demonstrate an understanding of complex sustainable dilemmas and the need for responsible leadership.

Topics

Description Weighting(%)
1. Understanding the nature and challenges of entrepreneurship 10.00
2. Creativity 20.00
3. Innovation 20.00
4. Planning for, initiating and growing entrepreneurial ventures 50.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2013&sem=02&subject1=MGT8040)

Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)

  • Schaper, M, Volery, T, Weber, P & Lewis, K 2011, Entrepreneurship and small business, John Wiley & Sons, Milton, Queensland.
    (3rd Asia-Pacific edition.)

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
  • DeGraff, J & Lawrence, KA 2002, Creativity at work developing the right practices to make innovation happen, John Wiley & Sons, San Francisco.
  • Hisrich, RD, Peters, MP & Shepherd, DA 2010, Entrepreneurship, 8th edn, McGraw-Hill/Irwin, New York.
  • Morris, MH, Kuratko, DF & Covin, JG 2008, Corporate entrepreneurship and innovation: entrepreneurial development within organizations, 2nd edn, Thomson South-Western, Mason, Ohio.
  • Scarborough, NM 2011, Essentials of entrepreneurship and small business management, 6th edn, Prentice Hall, Upper Saddle River, New Jersey.
  • Tidd, J & Bessant, J 2009, Managing innovation: integrating technological market and organizational change, 4th edn, John Wiley, Chichester, England.

Student workload requirements

Activity Hours
Assessments 60.00
Directed Study 75.00
Private Study 25.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
QUIZ 5 5 04 Aug 2013 (see note 1)
ESSAY - LITERATURE REVIEW 100 35 11 Aug 2013
BUSINESS REPORT ON PROJECT 100 60 13 Oct 2013

NOTES
  1. See Assessment Notes 1 - 4.

Important assessment information

  1. Attendance requirements:
    If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded.

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    There is no examination in this course.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Not applicable.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Assignments:
    1. All assignments must be processed through ‘Turn-it-in’ prior to submission. Please refer to the course introductory book or the course Web site for details of the required process.
    2. All assignments must be submitted electronically via EASE assignment submission system on the USQ Study Desk. No hard copy assignments will be accepted without prior arrangement.
    3. Students must retain an electronic copy of the assignment. This must be produced within 24 hours if required by the examiner.
    4. The due date for an assignment is the date by which a student must despatch the assignment to the USQ. The onus is on the student to provide proof of the despatch date, if requested by the examiner.
    5. In accordance with university policy, the examiner may grant an extension of the due date of an assignment in extenuating circumstances.
    6. Students who are disadvantaged by these regulations may be given special consideration. They should contact the examiner to negotiate such special arrangements.
    7. In the event that a due date for an assignment falls on a local public holiday in their area, such as a show holiday, the due date for the assignment will be the next day. Students are to note on the assignment cover the date of the public holiday for the examiner's convenience.


  2. Course weightings:
    Course weightings of topics should not be interpreted as applying to the number of marks allocated to any aspects of assignments assessing those topics.

  3. Word length for assignments:
    Where a word length is set for an assignment, then students must not exceed the word length by greater than 10% of the word limit. Where a student exceeds the word length by greater than 10% of the word limit, a penalty of 10% of the available marks for the assignment will apply.

  4. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.

Other requirements

  1. Students are required to access the MGT8040 discussion forums, particularly the announcements forum from the examiner accessible via the course home page via UConnect on a regular basis. This is the official communication centre for this course.

  2. Computer, e-mail and Internet access:
    Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

  3. All written assessments are to be lodged electronically in EASE via the MGT8040 course Website in UConnect. Hard copies are NOT acceptable as all assignments are marked and managed electronically.