|Semester 1, 2023 Toowoomba On-campus|
|School or Department :||School of Business|
|Grading basis :||Graded|
|Course fee schedule :||https://www.unisq.edu.au/current-students/administration/fees/fee-schedules|
|Version produced :||28 May 2023|
Course Coordinator: Sachithra Lokuge
Enrolment is not permitted in CIS8001 if CIS8000 has been previously completed.
Entrepreneurship is the process of designing, launching, and running a new business venture. The exploitation of entrepreneurial opportunities include: developing a business plan, hiring the human resources, acquiring financial and material resources, providing leadership and being responsible for both the venture's success or failure.
In a world in which the future of jobs in the workplace is uncertain and in which advancements in technology are taking place at a phenomenal pace, the role of the entrepreneur has become a powerful economic force across the world. In addition, an increasingly volatile and global environment is driving organizations from small startups to large enterprises to becoming more responsive and innovative in order to maintain and improve competitiveness internationally. There is therefore a vital need for students to be equipped with the knowledge and skills to be able to identify, analyze and exploit new business opportunities that arise from these technological innovations and advancements.
This course provides students with the building blocks to think creatively, to recognize new opportunities arising from technological innovations, and to effectively employ strategies and techniques to act on these opportunities in order to develop a new venture. Through group and teamwork, and the integration of entrepreneurial theory and practice, students are given the chance to discover and exploit marketable ideas for new ventures or enterprises. To this end, participants will be introduced to ways of setting up businesses, developing business plans, establishing teams, developing prototypes, preparing presentations and financing projects.. Students will also discover how to develop appropriate social media and marketing approaches to deliver their products and services to their target audiences. Upon completion of the course students will be more confident in identifying and tackling the many risks and challenges that come with embarking on a new undertaking.
Course learning outcomes
On successful completion of this course students should be able to:
- critically analyse the role of the entrepreneur and identify all the key steps of an entrepreneurial project;
- identify innovation opportunities and markets and develop business models accordingly;
- develop a prototype of a minimum viable product (MVP) for an identifies commercial opportunity;
- develop a compelling pitch to present your idea to investors, partners, and other stakeholders;
- implement business strategies based on key success factors and manage an effective team in an entrepreneurial environment;
- identify and analyse ethical and legal issues arising in the creation and operation of new ventures;
- implement a marketing and social media strategy to take a product or service to market;
- evaluate methods of financing through venture capitalists, angel investors, crowdfunding and ICOs etc.
|1.||Entrepreneurship and Innovation||10.00|
|2.||Creating and Managing Technology and Innovation||10.00|
|3.||Business Models and Business Plans||15.00|
|4.||Market Research and Strategies||10.00|
|5.||Commercialization and Pitching||20.00|
|8.||Ethical and legal issues||10.00|
Text and materials required to be purchased or accessed
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
|Weighting (%)||Course learning outcomes|
|Presentation (ind, grp, mltmd)||Yes||20||2,3,4,5,8|