The Entrepreneurial Mind - Foundations of Entrepreneurship (11198.3)

The context for this unit is the future of business and entrepreneurship in the 21st century and the role and practice for entrepreneurs in the future. The unit focuses in on behavioural theories, determining the knowledge, skills, attributes, characteristics, and qualities required to be a lifelong learner and entrepreneur. As such, students will gain insight into the entrepreneurial mind and perspectives and will have opportunities to increase their ability to network. The attributes, skills and knowledge include risk, opportunistic, creative and critical thinking, demonstrating innovation, collaboration and co-production, communicating, being ethical, inclusive and demonstrating socially responsible behaviour. Students will define entrepreneurship now and, in the future, and will undertake problem solving to create a unique value proposition. As first year students, they have the opportunity to start to build their own start-up enterprise, and work on this throughout their (entrepreneurship and innovation) degree. The unit introduces business planning for students by using a one page Canvas plan for their business venture and to locate funding sources. The unit provides the opportunity for students to continually develop, learn and grow as entrepreneurs for the future of business.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Articulate and explain the nature of entrepreneurship, its role in business, and the importance of entrepreneurship in today¿s economy/society;

2. Demonstrate good positive communication skills, industry connection, networking and relationship building with entrepreneurs and the business industry for their careers in the future;
3. Identify and apply entrepreneurial behaviour for their professional future and development. Including, emotional intelligence, overcoming obstacles, creative innovative and critical thinking, risk, collaboration and co-production, networking and communicating, ethical, inclusive, socially responsible behaviour, develop the ability to be opportunistic in an entrepreneurial environment and undertake reflective practice; and
4. Create the initial elements of your own business idea and locate sources of funding, information, and business support the future of the start-up business.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - evaluate and adopt new technology
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
4. UC graduates are able to demonstrate Aboriginal and Torres Strait Islander ways of knowing, being and doing - use Indigenous histories and traditional ecological knowledge to develop and augment understanding of their discipline
4. UC graduates are able to demonstrate Aboriginal and Torres Strait Islander ways of knowing, being and doing - apply their knowledge to working with Indigenous Australians in socially just ways

Skills development

Context for this Unit Is the Future of Work: Entrepreneurship in the 21st century and the industrial revolution (Innovation, Automation, AI & Robotics) is about entrepreneurs developing their learning ability to continually learn and grow with the new technology in play in business today.

Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Assumed knowledge

None.