Students
FOBE310 – Innovation and Entrepreneurship in Corporate Engagement
2015 – S2 Day
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Leanne Carter
Contact via leanne.carter@mq.edu.au
E4A 631
Mondays 12.30pm to 1.30pm
Yang Yang
Administration
Ashleigh Cassilles
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|---|---|
| Credit points |
Credit points
3
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| Prerequisites |
Prerequisites
39cp and permission of Executive Dean of Faculty
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| Corequisites |
Corequisites
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| Co-badged status |
Co-badged status
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| Unit description |
Unit description
This unit is for students who have been accepted into a PACE activity approved by the Faculty of Business and Economics PACE team. The unit provides students with a practical industry related experience in which they apply business theory and receive mentoring on a given project. The project, which runs over the full session, allows students to critically evaluate a business issue or develop a potential innovation. Students in this experience will apply the theories of innovation and/or entrepreneurship to a hands-on experience, mentored by industry experts.
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Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
General Assessment Information
Students must attempt all assessment tasks for performance to be satisfactory. Students are expected to meet the agreed conditions of their activity/experience as per the agreement, and read recommended readings in advance of the seminars.
Macquarie University uses the following grades in coursework units of study:
HD - High Distinction
D - Distinction
CR - Credit
P - Pass
F - Fail
Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:
http://www.mq.edu.au/policy/docs/grading/policy.html
All assessments will be submitted via email to the Unit Convenor
leanne.carter@mq.edu.au
No extensions will be granted. Late tasks will be accepted up to 72 hours after the submission deadline. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for special consideration is made and approved.
Assessment Tasks
| Name | Weighting | Due | Groupwork/Individual | Short Extension | AI assisted? |
|---|---|---|---|---|---|
| Value Proposition /Prototype | 30% | Week 7 | No | ||
| Innovation Pitch | 30% | Week 11 | No | ||
| Reflections | 40% | Week 13 | No |
Value Proposition /Prototype
Due: Week 7
Weighting: 30%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
Teams work on researching, developing a value proposition of the business problem and proposed prototype.
There is some individual contribution required as well
On successful completion you will be able to:
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
Innovation Pitch
Due: Week 11
Weighting: 30%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
Innovation pitch (video) + business plan + 6-slide PowerPoint
On successful completion you will be able to:
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
Reflections
Due: Week 13
Weighting: 40%
Groupwork/Individual:
Short extension 3: No
AI assisted?:
Participation (Engagement with learning content + Idea Bank)
Reflections throughout session and graduate capabilities skills audit
On successful completion you will be able to:
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
Delivery and Resources
Effective entrpreneurship, intrapreneurship and innovation relies heavily on an intersection of business and technical disciplines and ‘softer’ skills including initiative, leadership, communication, and teamwork. Learning and internalising these skills requires experiential application in addition to a base of theoretical learning. This Innovation Challenge has been designed as an interactive, work integrated program.
The unit aims to create a corporate ‘innovation community’ experience between the students, coordinators and subject matter experts (SME). This features a mix of workshop-style seminars, supporting material, practical application, market testing, assignment and presentation learning methods, supported by a purpose built innovation management system with collaborative social media features.
The unit has an iLearn website through which you can access learning materials.
https://ilearn.mq.edu.au and click on FOBE310
Required unit materials and/or recommended readings will be made available through eReserve.
There is no textbook for this unit of study.
Suggested pre-readings:
- Pinchot, Gifford (1985)"Intrapreneuring: Why You Don't Have to Leave the Corporation to Become an Entrepreneur."
- Chesbrough, Henry (2011) “Open Innovation: A New Paradigm for Understanding Industrial Innovation”
During the seminars, students will receive preparation for the innovation experience and will be exposed to various entrepreneurship and innovation models. The lecturer will conduct class discussions exploring issues arising in innovation and entrepreneurship theory and practice. Students will also respond to reflection questions. These reflection questions will be thought-provoking and draw upon the students’ knowledge and practical experience at the experience/activity.
Please refer to timetables for allocated room.
http://timetables.mq.edu.au
However, this is a PACE unit and requires an experiential component so classes do not run on a weekly basis. Please check you emails for invitations to attend seminars and the like.
Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Student Code of Conduct
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
For all student enquiries, visit Student Connect at ask.mq.edu.au
IT Help
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
Graduate Capabilities
Creative and Innovative
Our graduates will also be capable of creative thinking and of creating knowledge. They will be imaginative and open to experience and capable of innovation at work and in the community. We want them to be engaged in applying their critical, creative thinking.
This graduate capability is supported by:
Learning outcomes
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
Assessment tasks
- Value Proposition /Prototype
- Innovation Pitch
- Reflections
Capable of Professional and Personal Judgement and Initiative
We want our graduates to have emotional intelligence and sound interpersonal skills and to demonstrate discernment and common sense in their professional and personal judgement. They will exercise initiative as needed. They will be capable of risk assessment, and be able to handle ambiguity and complexity, enabling them to be adaptable in diverse and changing environments.
This graduate capability is supported by:
Learning outcomes
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
Assessment tasks
- Value Proposition /Prototype
- Innovation Pitch
- Reflections
Critical, Analytical and Integrative Thinking
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Learning outcomes
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
Assessment tasks
- Value Proposition /Prototype
- Innovation Pitch
- Reflections
Effective Communication
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
Learning outcomes
- Define a problem and identify market opportunities for large businesses as they manage innovation and intrapreneurship
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Communicate a growth / scale up business strategy/ies and model to effectively meet a market opportunity under conditions of uncertainty
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
Assessment tasks
- Value Proposition /Prototype
- Innovation Pitch
- Reflections
Engaged and Ethical Local and Global citizens
As local citizens our graduates will be aware of indigenous perspectives and of the nation's historical context. They will be engaged with the challenges of contemporary society and with knowledge and ideas. We want our graduates to have respect for diversity, to be open-minded, sensitive to others and inclusive, and to be open to other cultures and perspectives: they should have a level of cultural literacy. Our graduates should be aware of disadvantage and social justice, and be willing to participate to help create a wiser and better society.
This graduate capability is supported by:
Learning outcomes
- Understand the role of market testing, prototyping, agile development and positive failure in the innovation process
- Work effectively in blended, virtual and constrained professional teams; take and provide feedback effectively.
Assessment tasks
- Value Proposition /Prototype
- Innovation Pitch
- Reflections
Changes from Previous Offering
This is the second offering of this unit. Assessments have been altered in weighting to reflect feedback from students from last session. There is an increase in the individual weightings of the unit.
PACE Prizes are available to all students enrolled in a PACE Unit
Students of PACE units are eligible to apply for the prestigious Professor Judyth Sachs PACE Prizes.
Please see the following link for application process.
http://students.mq.edu.au/opportunities/participation_and_community_engagement/grants_prizes/
See the Faculty Website for other prizes
http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships
Professional and Community Engagement
This is a PACE unit so does not involve the usual Lecture/Tutorial Structure
Community Engagement: At least 2 weeks of field work in industry (equivalent to a minimum of 60 hours) is required
Seminars:
- This course does not involve classes each week. This is a combination of block seminars, self-paced learning of content and student-initiated teamwork
It is expected that you will spend an average of 9-12 hours of work per week per 13-week semester and produce approximately 4,500-6,000 words or equivalent of work. This time should be made up of reading research, working on exercises and problems and participating in classes. In periods where you need to complete assignments, the required workload may be greater.