Graduates with a specialisation in Entrepreneurship & Innovation will learn to combine foundational knowledge of core theory and best practices in these fields, which will form the basis for independent lifelong learning.
Graduate Knowledge
Graduates with a specialisation in Entrepreneurship & Innovation will have a coherent body of knowledge of the fundamental principles of Entrepreneurship & Innovation, and an understanding of conceptual frameworks as a basis for future discovery in education and practice.
Graduate Skills
Graduates with a specialisation in Entrepreneurship & Innovation will have:
- Cognitive skills to exercise theoretical foundations and context within which innovations and new ventures contribute to economic activity and an introduction to the tools and frameworks used to identify new venture opportunities and potential innovations;
- Insights and skills in innovation processes – the contexts and drivers of innovation, the types and outcomes of innovation – and frameworks and tools for analysing, enabling and managing innovation processes, mainly in established organisations, be it scientific/technological innovations or innovations in other contexts, including the public sector;
- Insights and skills in the tools and processes by which new business ventures are created by entrepreneurs, and the process of identifying new business opportunities, researching and developing an innovative business concept and business model, and analysing the resources and strategies necessary to implement it in the form of a new venture; and,
- An opportunity to further research and develop their knowledge and skills for entrepreneurship and innovation, in the context of a client-based project that has personal impact for them.
In addition to these, students will also develop:
- Cognitive skills to review, analyse, consolidate and explore knowledge, and insights into relevant applications;
- Technical skills to demonstrate an understanding of the fundamental applications with insight and creativity;
- Cognitive skills to exercise critical thinking, creative problem solving and evidence led judgement in recognising, and addressing problems; and,
- Communication skills to present concise and coherent exposition of knowledge, and to convey ideas in an appropriate language for business audiences.
Application of Knowledge and Skills
Graduates with a specialisation in Entrepreneurship and Innovation will demonstrate the application of knowledge and skills
- with initiative and judgement in planning, problem solving and decision making in professional practice and/or scholarship;
- to adapt knowledge and skills in diverse contexts; and,
- with responsibility and accountability for own learning and professional practice and in collaboration with others within broad parameters.
Learning Outcomes
- Exercise theoretical foundations and context within which innovations and new ventures contribute to economic activity and an introduction to the tools and frameworks used to identify new venture opportunities and potential innovations;
- Explain the contexts and drivers of innovation, the types and outcomes of innovation, and frameworks and tools for analysing, enabling and managing innovation processes, mainly in established organisations, be it scientific/technological innovations or innovations in other contexts, including the public sector;
- Explain the tools and processes by which new business ventures are created by entrepreneurs, and the process of identifying new business opportunities, researching and developing an innovative business concept and business model, and analysing the resources and strategies necessary to implement it in the form of a new venture; and,
- Develop their knowledge and skills for entrepreneurship and innovation, in the context of a client-based project that has personal impact for them.
Other Information
Double counting of courses
Listed + Specialisation: If a course is listed in the study requirements of the program and in a specialisation, it can be counted to both and students will need to complete an additional 6u elective course to ensure they complete the full number of units required for the program.
Specialisation + Specialisation: If a course appears in two specialisations, it can only be counted towards one, and students will need to select an additional 6u course from the second specialisation to ensure that 24u have been completed towards both specialisations. Students may choose to seek permission from the RSM School Office (enquiries.rsm@anu.edu.au) to study an alternative course relevant to the other specialisation. Note that each specialisation must contain at least 12u of unique study at 8000-level, and any other requirements of each specialisation must be met.
For example, students who wish to complete this Entrepreneurship and Innovation specialisation and also the Management Essentials Specialisation can not count MGMT8015 towards both specialisations, only towards one. Instead, they would complete both MKTG8035 and MMIB8001 to meet the 12u of unique study at 8000-level required, or seek permission for an alternative 8000-level course to replace MGMT8015.
Applied research project
Students who wish to carry out applied research related to a problem in the Entrepreneurship and Innovation disciplines may enrol in MMIB8001 if they have the agreement of an academic supervisor from RSM. It is strongly suggested that students approach academics in the semester before their planned MMIB8001 studies to secure their agreement to supervise the research.
Agricultural Innovation list elective study option
Students who wish to enrol in ENVS6342 Agricultural Innovation will need to use their free elective space to complete any requisite courses first (e.g. ENVS6223 or ENVS6224). These requisite courses are not part of the Entrepreneurship and Innovation specialisation study requirements, and therefore won't count towards the 24 units of study.
Relevant Degrees
Requirements
This specialisation requires the completion of 24 units, which must consist of:
MGMT7161 - New Venture Creation (6 units)
6 units from the completion of courses from the following list:
ENVS6342 - Agricultural Innovation (6 units)
MGMT7165 - Innovation (6 units)
12 units from the completion of courses from the following list:
MGMT8015 - Entrepreneurship and Innovation (6 units)
MKTG8035 - Global Business Project (6 units)
MMIB8001 - Applied Topics in Business Studies (6 units)
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