Innovation Strategy as a tool of Entrepreneurship
Overview
This micro unit examines key theories of innovation within the context of the innovation life cycle to understand how effective innovation strategy can be used as a tool in entrepreneurship. New ventures, businesses, organisations and corporations use innovation strategy to drive growth through value. Understanding the elements of innovation strategy, and its role within the organisation's system, is imperative for sustainable innovation. Students will also explore tools and techniques that will facilitate your understanding of the barriers and enablers of innovation within the organisation.
Requisites
Unit learning outcomes
Students who successfully complete this unit will be able to:
- Apply coherent and advanced knowledge of new venture creation and innovation practice in the corporate lifecycle
- Critically evaluate the role of co-creation and collaboration in the innovation life cycle.
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Face to Face Contact (Phasing out) Class | 8.00 | 1 week | 8 |
| Online Directed Online Learning and Independent Learning | 2.00 | 2 weeks | 4 |
| Unspecified Learning Activities (Phasing out) Independent Learning | 7.00 | 4 weeks | 28 |
| TOTAL | 40 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Analysis | Individual | 0% | 1,2 |
Content
- Integrate concepts of creative destruction and new business creation, innovation, innovation ecosystems, open innovation with national performance in effective innovation.
- Compare measures of Innovation performance
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.