Entrepreneurship refers to the process of developing new business ventures or growing existing ones. Central to this activity is entrepreneurs: innovative and risk-taking individuals who seek to bring about change and new opportunities, both for themselves and the business communities in which they operate. Entrepreneurs play an important role in commence, trade, and economic growth in many nations. Entrepreneurship will be explored in the course in terms of analysing new venture opportunities and ideas as well as building and assessing entrepreneurial characteristics. A key element of entrepreneurship, innovation, will also be a focus of the course. Innovation is an important prerequisite for gaining a competitive advantage and building a strong and sustainable business. Modern thriving enterprise demand constant levels of innovation. The scope and richness of theoretical developments in the discipline of innovation, offers students the potential to develop substantial skills in understanding the discipline, its role in entrepreneurship and in the development of successful, contemporary organisations. The course provides a framework for understanding the process of creating and managing innovative organisations. This will enable students to deal successfully with dynamic demands from markets and customers, that are becoming even more sophisticated and knowledgeable.
Availability2021 Course Timetables
- Trimester 1 - 2021
- Trimester 3 - 2021
Newcastle City Precinct
- Trimester 2 - 2021
Sydney Elizabeth Street
- Trimester 2 - 2021
On successful completion of the course students will be able to:
1. Critically discuss and analyse the concepts of entrepreneurship and innovation.
2. Demonstrate an ability to engage in entrepreneurial and innovation processes.
3. Create a well-structured and concise innovation plan.
The topics in the this course include:
1. Role of entrepreneurship and innovation for organisations and nations
2. Understanding entrepreneurial and innovative individuals
3. Understanding the entrepreneurial processes
4. Role of innovation in established enterprise development (intrapreneurship)
5. Role of innovation in small firms
6. Social entrepreneurship and innovation
7. Planning, business model and strategy in entrepreneurship and innovation
8. Understanding disruptive innovation
9. Role of team building, leadership and strategic alliances in innovation
10. Financing the venture
11. Adoption and diffusion of innovation
Proposal / Plan: Individual Innovation Plan
Formal Examination: Final Examination
Newcastle City Precinct, Online and Sydney Elizabeth Street
Face to Face On Campus 3 hour(s) per Week for Full Term
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.