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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 and demonstrate 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
On completion of this subject the student is expected to be able to:
- Describe, discuss, and apply the major concepts and theoretical frameworks that explain entrepreneurial behaviour
- Identify the characteristics and behaviours of people who demonstrate an entrepreneurial mindset, both in new and in established organisations
- Create, identify, and pursue business opportunities using various techniques
- Prepare, present, and utilise a scalable, repeatable business model to create a new venture
- Compare the sources of finance for new ventures and the ways financiers and large corporations evaluate proposals for new ventures, and be able to sell a business concept to potential funding sources
- Create value for themselves, investors, customers, employees, and society as a whole by working on a business and not just in a business
- 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: 3 November 2022