Program Overview

MGMT311 - Managing Entrepreneurship and Innovation

Unit Rationale, Description, and Aim

Innovation is critical for the development of firms, regions, and economies. Entrepreneurship is the process of taking innovations and developing them for positive business and social outcomes. Traditionally associated with small business and start-up companies, entrepreneurial activities apply equally to the social sector organisations, government entities, and large organisations. Specifically, entrepreneurship plays an important role in assisting individuals to develop concepts into sustainable businesses from micro businesses through to innovation in major corporations.

This unit will advance the theories and concepts learned in foundational management and entrepreneurship units and will apply them to the design and management of innovative new ventures and start-ups. This unit explores the dimensions of new venture and start-up creation and growth and to foster innovation. Moreover, it will examine both shareholder value approaches and the central social purpose of creating sustainable innovation and shared value.

This unit focuses on developing students' knowledge of innovation and entrepreneurial processes in different organizational and industry settings. The major aim of this unit is to advance students' knowledge of managing the complex process of commercialising a new venture or start-up in different industries and how to address complex entrepreneurial problems.

Unit Details

• Campus Offering: No unit offerings are currently available for this unit.
• Prerequisites: Nil
• Credit Points: 10
• Year: 2026

About the Unit

The unit is designed to provide students with a comprehensive understanding of managing entrepreneurship and innovation. It covers the key concepts, theories, and practices involved in the creation and growth of new ventures and start-ups. Students will learn how to design and manage innovative new ventures, foster innovation, and address complex entrepreneurial problems.

Learning Outcomes

Upon completion of this unit, students will be able to:

• Apply advanced knowledge of innovation and entrepreneurial processes in different organizational and industry settings.
• Analyse the dimensions of new venture and start-up creation and growth.
• Examine the role of entrepreneurship in creating sustainable innovation and shared value.
• Develop strategies for managing the complex process of commercialising a new venture or start-up.

Assessments

The unit assessments are designed to evaluate students' understanding of the key concepts and their ability to apply them in practical situations. The assessments may include:

• Individual assignments
• Group projects
• Case studies
• Presentations

Teaching Strategy

The unit will be taught using a combination of lectures, tutorials, and workshops. The lectures will provide an overview of the key concepts and theories, while the tutorials and workshops will provide opportunities for students to apply their knowledge and skills in practical situations.