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MGT8040 Entrepreneurship, Innovation and Creativity

Semester 2, 2019 Online
Short Description: Entr'p Innovation & Creativity
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Management and Enterprise
Student contribution band : Band 3
ASCED code : 080301 - Business Management
Grading basis : Graded


Examiner: Retha Wiesner

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


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. Leaders/manager of an organisation(s), 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 participants’ entrepreneurial capabilities as a current, future leader or manager within a national and global context, with a particular emphasis also on their creative and innovative abilities. Through developing the knowledge and understanding of entrepreneurial endeavour and enhancing capabilities to be creative and innovative, this course serves to lay the foundation for enhancing participants’ chances of entrepreneurial success in the new world economy.


The course provides entrepreneurs and entrepreneurial leaders with the opportunity to explore 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. Participants develop their own capacity to be creative and show how creativity can be put to work in organisational contexts. The nexus between creativity and innovation is considered and what innovation means and entails and where it comes from. Finally, participants are 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.


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

  1. critically analyse the role, nature and value of entrepreneurship and the challenges related to entrepreneurial endeavour
  2. utilise creative and innovative ability to enhance the chances of being successful at leading entrepreneurial endeavours and organisational innovation
  3. apply critical thinking - evaluate, synthesise and critically review theoretical frameworks with other evidence to provide solutions to real-world problems
  4. communicate professionally and effectively in written communication to various audiences to achieve targeted outcomes
  5. examine the impact of interpersonal communication on specific management processes and outcomes using relevant theories and concepts
  6. examine complex sustainable dilemmas and the need for responsible leadership.


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). (

Please contact us for alternative purchase options from USQ Bookshop. (

Schaper, M, Volery, T, Weber, P & Gibson, B 2014, Entrepreneurship and small business, John Wiley & Sons, Milton, Queensland.
(4th Asia-Pacific edition - the e-book is available for $55.)

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 2018, Entrepreneurship, 11th edn, McGraw-Hill/Irwin, New York.
Morris, MH, Kuratko, DF & Covin, JG 2010, Corporate entrepreneurship and innovation: entrepreneurial development within organizations, 3rd edn, Thomson South-Western, Mason, Ohio.
Scarborough, NM 2019, Essentials of entrepreneurship and small business management, 9th edn, Prentice Hall, Paramus, USA.
Tidd, J & Bessant, J 2018, Managing innovation: integrating technological market and organizational change, 6th edn, John Wiley, Chichester, England.

Student workload expectations

Activity Hours
Directed Study 75.00
Independent Study 90.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ESSAY - LITERATURE REVIEW 100 40 11 Aug 2019

Important assessment information

  1. Attendance requirements:
    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:
    Students should refer to the Assessment Procedure (point 4.2.4)

  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

Assessment notes

  1. 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

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.