Managing Innovation and Entrepreneurship (MGMT90030)
Graduate courseworkPoints: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
Contact information
Semester 1
Dr Jiamin Zhang jiamin.zhang@unimelb.edu.au
Semester 2
Dr Jiamin Zhang jiamin.zhang@unimelb.edu.au
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
| Availability | Semester 1 Semester 2 |
|---|---|
| Fees | Look up fees |
The purpose of this subject is to examine the topics of Managing Innovation and Entrepreneurship in the context of large and small organisations. Innovation is ultimately the lifeblood of organisations, 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 organisations. Topics include innovation capability, new product/process technology introduction, and innovation culture and innovation measures The subject addresses the process of innovation exploitation and exploration and the role ambidextrous organisational designs and dynamic organisational capabilities play in this process. The subject will examine the emerging importance of open innovation in the co-evolution of market and customer value and the use of crowd and expert sourcing in this process. Key elements addressed that are part of successful innovation companies are vision and strategy innovation, creativity and idea management, culture and climate, management of technology, organisational structures, intelligence and systems. Firms that have successfully and systematically created such capabilities will be used as case studies. The subject also 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.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Explain the range, scope and complexity of the issues and problems related to the strategic management of technology, innovation and entrepreneurship;
- Analyse the conceptual framework for assessing and auditing the innovative capabilities of a business organisation;
- Describe the skills necessary to an effective entrepreneur throughout the innovation process from idea to market;
- Explain the theories and models of managing innovation and entrepreneurship;
- Apply major innovation theories and models of organisational problems to the analysis of case studies;
- Analyse the impact of effective management of innovation and entrepreneurship on organisational performance;
- Critically evaluate core principles of innovation management and comment on their implications;
- Explain the innovation cycle, from conceptualisation to commercialisation, and how it can be accelerated.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- High level of development: Problem solving and critical thinking, which should be fostered in the tutorial program where students will apply theoretical material to actual case studies;
- High level of development: Collaborative learning and team participation, which should be fostered through the tutorial program;
- Evaluation and analysis of data and theoretical information;
- Accessing data and other research information from a range of sources, including electronic and written forms; and
- Moderate level of development of oral and written communication skills.
Last updated: 9 April 2024
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 9 April 2024
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
| Description | Timing | Percentage |
|---|---|---|
2-hour examination. End-of-semester. (50%)
| End of semester | 50% |
15 minute in-class group presentation (usually groups of 4-5 students). Due in assigned weeks of the semester. (10%)
| Throughout the semester | 10% |
2,500 word group assignment by (usually in groups of 4-5 students). Week 11. (20%)
| Week 11 | 20% |
Five weekly assignments to be submitted before class on specified weeks during the semester. Each assignment will provide answers to questions asked for that particular week and will be approximately equivalent to 400 words. Two of the assignments will be in the first half of the semester while the other three will be in the second half. 20% (4% each for a total of 20%)
| Throughout the semester | 20% |
Last updated: 9 April 2024
Dates & times
- Semester 1
Principal coordinator Jiamin Zhang Mode of delivery On Campus (Parkville) Contact hours 36 hours (one 3 hour seminar per week) Total time commitment 170 hours Teaching period 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
Dr Jiamin Zhang jiamin.zhang@unimelb.edu.au
- Semester 2
Principal coordinator Jiamin Zhang Mode of delivery On Campus (Parkville) Contact hours 36 hours (one 3 hour seminar per week) Total time commitment 170 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
Dr Jiamin Zhang jiamin.zhang@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 9 April 2024
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Food and Packaging Innovation Course Master of Management Major Governance, Policy and Markets Major Tailored Specialisation Major Education and Social Change Major Governance, Policy and Communication Informal specialisation Master of Management general electives Major Tailored Specialisation Major Tailored Specialisation Major Energy Efficiency Modelling and Implementation Major Education - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
Last updated: 9 April 2024