Innovation and Entrepreneurship

Unit code: BMO2005 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
India Online
VU Brisbane
VU Online
VU Sydney
Prerequisites
N/A
Overview
Enquire

Overview

Develop the skills needed to become the next entrepreneur in the Innovation and Entrepreneurship unit.

In this unit you will study the concepts of innovation, entrepreneurship and intrapreneurship and gain an appreciation of the environment in which they are practiced.


You will study and appraise the practice of resource acquisition and utilisation, developing an understanding of the major steps in the innovative entrepreneurship process and how to apply them to establish and grow an entrepreneurial venture.

You will learn:

  • key skills exhibited by successful entrepreneurs
  • learn how to effectively ideate creative new approaches
  • adopting a collaborative, project management-based approach, you will develop a business case supporting an innovative proposal
  • to pitch to a panel of start-up ecosystem stakeholders

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Brainstorm problems and opportunities that influence innovation and entrepreneurship, embracing cutting edge technologies;
  2. Investigate how effective research methods support problems or opportunities identified by applying relevant innovation theories and market implications;
  3. Apply design thinking and project management principles, showcasing skills in creative thinking, divergent thinking, decision-making and business transformation, to assess opportunities arising from a new business idea;
  4. Collaborate in a team, applying project management principles, to achieve group-negotiated outcomes for an entrepreneurial venture; and,
  5. Devise and present a persuasive evidence-based business pitch to a defined audience.

Assessment

For Melbourne campuses

Assessment type: Assignment
|
Grade: 25%
Problems & Opportunities
Assessment type: Assignment
|
Grade: 25%
Idea booth (Group)
Assessment type: Assignment
|
Grade: 30%
Start-up Business Plan (Group)
Assessment type: Presentation
|
Grade: 20%
Start-up Pitch Presentation (Group but individually assessed)

Other locations

For students studying at VU Online
Assessment type: Assignment
|
Grade: 30%
Problems and opportunities
Assessment type: Report
|
Grade: 30%
Start-up business plan
Assessment type: Presentation
|
Grade: 40%
Start-up pitch presentation

Required reading

Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.

Entrepreneurship: Successfully launching new ventures, Global edition
Barringer, B. R., & Ireland, R. D. (2021).| GB: Pearson Education.

As part of a course

This unit is studied as part of the following course(s):

Bachelor of Business
BBNS | Bachelor degree | Duration: 3 years
Bachelor of Laws (Honours)/Bachelor of Business
LHWB | Bachelor honours degree | Duration: 5 years
Bachelor of Laws/Bachelor of Business
LBWB | Bachelor degree | Duration: 5 years
Bachelor of Psychological Studies/Bachelor of Business
ABPB | Bachelor degree | Duration: 4 years
Bachelor of Sport Management
SBSM | Bachelor degree | Duration: 3 years
Bachelor of Sport Management/Bachelor of Business
SBSB | Bachelor degree | Duration: 4 years

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

Search for units, majors & minors