Entrepreneurship PG (9691.3)

In this unit you will explore the concepts of entrepreneurship at Masters level. This involves the ability to create and recognise compelling opportunities, assume risk, attract the resources to transform opportunities into value. You will be exposed to creativity in the development of novel and useful ideas, processes and procedures as individuals and in teams working together to develop a possible successful implementation of an idea or innovation. In this journey topics covered will include entrepreneurship theory, entrepreneurship in the Australian context, intellectual property, marketing, environmental assessment, financial preparation and analysis, ethical and social responsibility, strategic planning and managing entrepreneurial growth together with the development and presentation of a business plan.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Compare different forms of entrepreneurial theory and thinking in its role for idea and business development in the global economy;

2. Investigate and report on the concepts of entrepreneurship which includes the growing understanding and identification of intrapreneurship in the public and private sectors;
3. Formulate and evaluate an entrepreneurial business plan for a start-up organisation or for a new project in an established organisation;
4. Develop the business concept into a pitch and be aware of differing business funding sources in Australia;
5. Critically analyse by the use of theoretical concepts and real-life examples the challenges of managing rapid growth and overcoming obstacles in an entrepreneurial environment;
6. Calibrate cash flow management in the business lifecycle;
7. Interpret and synthesise business and societal data impacting on the past, current and future environment for entrepreneurial development; and
8. Think critically/act independently or in small teams at a professional business practice level.

Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
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 - take pride in their professional and personal integrity
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures

Skills development

This unit is intended to integrate theory and practice through virtual workshop participation. There will also be an interview with a local Entrepreneur, preparation and presentation of a Lean Canvas and the development of a Business Plan for your own venture to thought provoke students to further develop their practical knowledge, skills and attitudes required for our global post-Covid entrepreneurial environment. The unit with be presented online by the Unit Convenor (Dr David Court). Further details will be put up on the CANVAS website for this unit so it is important for students to constantly check the Announcements section on the dedicated CANVAS website.

Prerequisites

None.

Corequisites

None.

Incompatible units

• 6235 Entrepreneurship G

Equivalent units

None.

Assumed knowledge

None.