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The aim of this subject is to examine the nature of entrepreneurial behaviour and its role in both small and large organisations within an engineering context. By developing their own enterprise proposal within small groups, students will learn various processes by which successful new ventures are created.
This subject is available as an elective in many of the Melbourne School of Engineering's Masters programs. It is designed to introduce participants to their potential as technical entrepreneurs.
Business planning, financial management, sources of finance, creativity, innovation, entrepreneurial behaviour, successful technical entrepreneurs.
Intended learning outcomes
INTENDED LEARNING OUTCOMES (ILO)
On completion of this subject the student is expected to:
- Describe and discuss the theoretical frameworks and concepts which have been developed to explain entrepreneurial behaviour
- Identify the characteristics of entrepreneurial people who operate in small and large organisations
- Use various techniques for creating business opportunities
- Prepare and present a business model for a new venture
- Discuss the sources of finance for new ventures and the ways financiers and large corporations evaluate proposals for new ventures, and be able to sell the business concept to potential funding sources
- Describe how to work on the business and not just in the business and thus become value creators.
- Awareness of the fundamentals of business planning and financial management
- Capacity for creativity and innovation
- Ability to use a systems approach to solve complex problems
- Ability to communicate effectively, with the engineering team and with the community at large
- Ability to manage information and documentation
- Ability to function effectively as an individual and in multidisciplinary and multicultural teams
- Capacity for lifelong learning and professional development.
Last updated: 2 December 2019