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Foundations of Entrepreneurship Practice (MGMT90222)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Year of offer2019
Subject levelGraduate coursework
Subject codeMGMT90222
Summer Term
FeesSubject EFTSL, Level, Discipline & Census Date

The purpose of this subject is to study topics on entrepreneurship and innovation. The subject closely examines the definition of an entrepreneur as an innovator who recognises and seizes opportunities; converts those opportunities into workable/marketable ideas; adds value through effort, money and skills; assumes the risk of the competitive marketplace to implement these ideas; and realises the rewards from these efforts. Innovation is ultimately the lifeblood of enterprises, in that it is concerned with the capability to effectively introduce new products and services, new or substantively improved processes or other major initiatives into existing and new enterprises. The role of innovation and entrepreneurship in national economic development, job creation and social development is also addressed. The subject is systematically organised around the creation, assessment, growth development, and operation of new and emerging ventures. Topics include introduction to design thinking, creativity, intellectual property, business models, innovation capability, barriers to successful innovation and entrepreneurship and the central role of innovation culture. The subject is geared towards introducing students to the principles behind the successful creation and launch of an innovation and the creation and growth of an entrepreneurial enterprise.

Intended learning outcomes

Discuss the principles of entrepreneurship and innovation

Generic skills

High level of development:

  • Develop problem-solving skills through tutorial exercises
  • Present an argument, by reflecting on those presented in the lecture series
  • Think critically, and organise knowledge, from consideration of the lecture material

Moderate level of development:

  • Develop creative ways of solving unfamiliar problems, through the tutorial exercise series
  • Learn to adopt new ideas, from participation in the lecture program
  • Plan effective work schedules, to meet the regular deadlines for submission of assessable work

Last updated: 19 July 2019