This unit introduces innovation and entrepreneurship concepts and skills in a technology-lead context. As innovation and entrepreneurship are now mainstream business concerns, this unit takes an agnostic approach, seeking instead to impart portable skills for students seeking to develop their respective careers in established or new venture organisations.

For the purposes of this unit, innovation is defined as the process of introducing changes that create new value to an organisation. Entrepreneurship is explored as the willingness to take measured risks in systematically seeking opportunities resulting from innovation, and translating these opportunities into benefits for the organisation and broader communities.

In doing so, students will have exposure to important innovation management skills such as conducting advanced fieldwork in support of ideating innovation solutions, prototyping, valuing an innovation project, designing a comprehensive business model for their technology solutions, and marketing their innovations. The unit will also give coverage to important 驴soft skills驴 topics such as leading innovation, empathy, team development, creativity, and innovation ethics.

Industry case studies will be utilised in this unit, and this unit will have weekly recorded Q&As with guest speakers.

This unit may also be co-taught with 11408 Technological Innovation and Entrepreneurship.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Identify the need for an innovative solution, generate alternative conceptual solutions, evaluate these solutions and also implement them;
2. Describe the elements of innovation, entrepreneurship and commercialisation;
3. Appraise complex decision making responsibilities at the interface between business and innovation;
4. Assess the dynamics of collaborative teams to work effectively in complex projects and accomplish tasks within given deadlines; and
5. Develop a comprehensive business model to commercialise a new technology-based idea considering the legal, ethical, and social obligations.

Graduate attributes

1. 乱伦社区 graduates are professional - communicate effectively
1. 乱伦社区 graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. 乱伦社区 graduates are professional - employ up-to-date and relevant knowledge and skills
1. 乱伦社区 graduates are professional - take pride in their professional and personal integrity
1. 乱伦社区 graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. 乱伦社区 graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. 乱伦社区 graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. 乱伦社区 graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. 乱伦社区 graduates are global citizens - communicate effectively in diverse cultural and social settings
2. 乱伦社区 graduates are global citizens - make creative use of technology in their learning and professional lives
2. 乱伦社区 graduates are global citizens - think globally about issues in their profession
2. 乱伦社区 graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. 乱伦社区 graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. 乱伦社区 graduates are lifelong learners - be self-aware
3. 乱伦社区 graduates are lifelong learners - evaluate and adopt new technology
3. 乱伦社区 graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Prerequisites

None.

Corequisites

None.

Incompatible units

11408 Technological Innovation and Entrepreneurship

Equivalent units

None.

Assumed knowledge

None.