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Entrepreneurship & Innovation in Marketing

Unit Code: HBM528




Duration

Contact Hours

Campus

Prerequisite

Corequisite

1 Semester

36 hours of contact in weekly or block mode

Hawthorn

Nil

Nil

Credit Points: 12.5 Credit Points


Related Course/s:

Note: Students enrolled in the Graduate Diploma of Business (Marketing) require a minimum of at least a major in Marketing in an undergraduate degree plus two years in industry to undertake this unit.

Aims & Objectives:

This unit should provide students with the skills and knowledge to develop a new venture either within an organisation or from the ground up.

Students will by the end of semester have:

  • An understanding of innovation and entrepreneurship and how it relates to marketing.
  • Some exposure to entrepreneurial/innovation models from case studies.
  • Some tools to apply such behaviour to their own workplace.
  • Integrative assignment to develop a business plan for a new venture.

This unit provides an opportunity for the student to be able to demonstrate a culmination of all their past learnings in the Graduate Certificate/Diploma.

Teaching Methods:

Seminars involving Student Participation, Case Studies and Presentations

Assessment:

New venture proposal 25%, Case study development & analysis 25% and New venture business plan 50%.

Generic Skills Outcomes:

Students will have the ability to recognise entrepreneurial/innovative opportunities and do something with them.

Content:

  • Characteristics of entrepreneurs/innovators
  • Ideation and screening
  • Business planning
  • Legal issues
  • Business structures
  • Financing/raising capital
  • Resources
  • Managing innovation in the organisation
  • Government assistance
  • Start up and when to call it quits

Textbooks:

The prescribed textbook will be advised in the latest subject outline. Please do not purchase a text prior to receiving the latest subject outline.

References:

Legge, J & Hindle, K. 1997, Entrepreneurship: How Innovators Create the Future, South Yarra, Macmillan.
Timmons, JA 1999, New Venture Creation: Entrepreneurship for the 21st Century, 5th edn, Boston, Irwin McGraw-Hill.
Plus the latest journal articles on innovation and entrepreneurship selected from an extensive list provided to students.