Program Director Contact Details:
Entrepreneurship and Innovation
Name: Professor Paul Steffens
Phone: +61 8 8313 7512
email: paul.steffens@adelaide.edu.au

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Teaching Staff:

Term 2 Online
Email: wendy.lindsay@adelaide.edu.au



Term 4 Online

Monday 10th April 2017 to  Sunday 18th June 2017

On completion of this course, students should be able to:

1	Discuss the attitudes, values, characteristics, behaviour, and processes associated with possessing an entrepreneurial mindset and engaging in successful appropriate entrepreneurial behaviour.
2	Discuss what is meant by entrepreneurship and innovation from both a theoretical and practical perspective, and the role of the entrepreneur in the new enterprise creation process.
3	Describe the ways in which entrepreneurs perceive opportunity, manage risk, organise resources and add value.
4	Develop a plan for implementing entrepreneurial activities in a globalised and competitive environment being responsible for the social, ethical and culture issues.
5	Critique a plan for implementing entrepreneurial activities in a globalised and competitive environment being mindful of the social, ethical and culture issues.
6	Engage in a continuing learning process through the interaction with peers in related topics, as individuals and as team members.

Text book:
Spinelli, Stephen and Adams, Robert (2015). New Venture Creation: Entrepreneurship for the 21st Century, 10th Edition. McGraw-Hill Higher Education

Two Case Study readings in the textbook will enable you to produce the analysis, contribution and participation in the discussion forum in weeks 3, and 7:
1. Roxanne Quimby Case Study (pp. 90-95)
2. Mike Bellobuono Case Study (pp. 268-277)

Additional readings to produce your Critical Analysis research Paper will be made available through the LEARN site:

1. Amabile, Teresa M. (1997) Motivating Creativity in organisations: On doing what you love and loving what you do. California Management Review, 40 (1) 39-58.

2. Birkinshaw, Julian. (2003) The Paradox of Corporate Entrepreneurship. Strategy and Business, 30, pp 46-58

3. Getz, I. and Robinson, Alan G. (2003) Innovate or Die: Is that a Fact? Creativity and Innovation Management, 12 (3) 130-136.

4. Nohria, N. and Gulati, R. (1996) Is Slack Good or Bad for Innovation? Academy of Management Journal, 39 (5) 1245-1264.

5. Costanzo, Laura A. (2004) Strategic Foresight in a high-speed environment. Futures 36 (2) 219-235.

6. Wilson, Keeley and Doz, Yves L. (2011) Agile Innovation: A Footprint Balancing Distance and Immersion. California Management Review, 53 (2) 6-26.

7. Cooper, Robert G. and Sommer, Anita F. (2016) From Experience: The Agile-Stage Gate Hybrid Model: A Promising New Approach and a New Research Opportunity. Journal of Product Innovation and Management, 33 (5) 513-526.

8. O’Connor, Gina Colarelli and Rice, Mark P. (2013) New Market Creation for Breakthrough Innovations: Enabling and Constraining Mechanisms. Journal of Product Innovation and Management, 30 (2) 209-227.

There is a wide range of material available on the course topics including the following:
Bessant, J. (2003) High Involvement Innovation: Building and Sustaining Competitive Advantage Through Continuous Change. Chicester: John Wiley & Sons.
Drucker, P. (1999) Innovation and Entrepreneurship, Butterworth Heinemann, Oxford.
Fagerberg, J, Mowery, DC and Nelson, RR (2005) The Oxford Handbook of Innovation, Oxford University Press, NY.
Hisrich, R.D., Peters, M.P., and Shepherd, D. (2008) Entrepreneurship, McGraw-Hill Irwin, Boston.
Moore, Geoffrey, (1999) Crossing the Chasm, Harper & Collins.
Porter, ME, Competitive Advantage: Creating and Sustaining Superior Performance, Free Press, New York, NY, 1985

Journals
There is a range of journals where entrepreneurship research scholars publish their research, such as:
· Journal of Business Venturing
· Entrepreneurship Theory and Practice
· Journal of Small Business Management
· Academy of Management Review
· Journal of Small Business and Entrepreneurship
· Venture Capital
· Small Business Economics

Web links
The following links may provide interesting or useful information in relation to creativity, the various aspects of the entrepreneurial process, venture formation, etc.
www.brainstorming.co.uk
www.mind-mapping.co.uk  
www.entrepreneur.com
www.youngentrepreneurs.net.au
www.openideo.com
www.inc.com
www.business.gov.au
www.ausindustry.gov.au

Library Resources
The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. Access to the Library's electronic resources.

LEARN is the University of Adelaide’s platform for dedicated online delivery. LEARN is a customised version of Moodle, and houses all course requirements including the course profile, announcements, additional course materials (beyond the prescribed text), assessment items, discussion forums, grading, feedback, links to various university and course resources, an internal website email system, a technical assistance facility, etc. LEARN is only accessible once the URL and a password have been provided to the student on enrolment. Students are given access to the course prior to the start date to familiarise themselves with the operational aspects and functionality of the website. 

This course is offered in online mode.

As a guide, a 3 unit course comprises a total of 156 hours.

This is a draft schedule and session dates are a guide only. The timetable may be changed during the course delivery if necessary.

Week	Content	Readings	Activities
1	Introduction to entrepreneurship The entrepreneurial process	Chapters 1 & 3 Online Lesson content	Provide a bio/LEARN student profile for the Introductory assignment View the video clip/s to provide your initial contribution to and participation commentary in the discussion forum Take the self-assessment quiz to gauge pre-existing entrepreneurial knowledge/terminology
2	The entrepreneurial mind Ethical decision making and the entrepreneur	Chapters 2 & 9 Online Lesson content	View the video clip/s to provide your initial contribution to and participation commentary in the discussion forum Entrepreneurial Ethics Application Exercise
3	The opportunity Screening venture opportunities Sustainability	Chapters 4, 5 & 6 Online Lesson content	Roxanne Quimby Case Study - provide an answer to the discussion question/s and comment on your classmates’ responses Timmons Model Application Exercise
4	The business plan	Chapter 7 Online Lesson content	Lean Startup vs Business Plan Case Study - view the video clips provided, compile an initial submission to the discussion question/s then comment on your classmates’ submissions and responses
5	Entrepreneurial leader and the team Leading rapid growth, crises and recovery The family as entrepreneur	Chapters 8, 16 & 17 Online Lesson content	Activity: Provide an answer to the discussion question/s and comment on your classmates’ responses Assignment: The Entrepreneur Interview due (25%)
6	Resource requirements Franchising	Chapters 10 & 11 Online Lesson content	Activity: Provide your initial contribution to and participation commentary in the discussion forum Assignment: Critical Analysis Research Paper (15%)
7	Entrepreneurial finance	Chapter 12 Online Lesson content	Mike Bellobuono Case Study - provide an answer to the discussion question/s and comment on your classmates’ responses
8	Obtaining venture and growth capital Obtaining debt capital	Chapters 13 & 15 Online Lesson content	Provide your initial contribution to and participation commentary in the discussion forum Crowd Funding Application Exercise
9	The deal: valuation, structure and negotiation The harvest and beyond	Chapters 14 & 18 Online Lesson content	Activity: Provide your initial contribution to and participation commentary in the discussion forum Assignment: Reflective Essay (12.5%)
10	Opportunities for social entrepreneurship	Chapter 6 Online Lesson content	Activity: View the video clip/s to provide your initial contribution to and participation commentary in the discussion forum Assignment: Business Plan Critique due (25%)

An overview of the course assessment appears in the following Table. Details appear in the following section:

#	Assessment Task	Length	Weight	Due Date/Week	Learning Outcomes
1	Application Activities (3)	500 words	9%	Day 7 of weeks 2, 7, & 8	1, 3, 4, 5, 6
2	Discussion Forum Participation (10)	300-500 words	15%	Days 3-7 of weeks 1-10	1, 3-6
3	Entrepreneur Interview	1500-2500 words	25%	Day 7 of week 4	1-5
4	Critical Analysis Research Paper	Maximum 1500 words	15%	Day 7 of week 6	2, 6
5	Reflective Essay	Maximum 1500 words	11%	Day 7 of week 9	1,5,6
6	Business Plan Critique	Maximum 2500 words	25%	Day 7 of week 10	1-5,6
	Total		100%

Students must complete all course assessment requirements.

Course results are subject to moderation by the ECIC Board of Examiners

Assessment 1: Application Activities (3)
Weighting: 9%
Due Dates: Day 7 of weeks 2, 7 & 8
Submission Details: Via Drop Box in LEARN

Task:
Complete a response to the assignment prompts contained in the course page. The assignment asks you to apply concepts learned in the week to various situations, problems, or work-related deliverables.

Scope:
This exercise will assess your knowledge, understanding and application of the relevant material covered.

Length and Presentation:
500 words

Criteria by which your assignment will be marked:

• Demonstrated critical thinking, including applications in practice
• Demonstrated complete understanding of the assignment and the underlying concepts
• Met the minimum substantive expectations
• Demonstrated an appropriate writing style and language choice
• Use of additional research, appropriately cited, to support the argument will produce a higher grade

Assessment 2: Discussion Forum Participation
Weighting: 15%
Due Dates: Days 3-7 of weeks 1-10
Submission Details: Via discussion prompts on the forum in LEARN

Task:
Respond to the discussion prompts and questions each week by the due dates outlined in the assignment. You should expect to post an initial response on day 3 and then follow up responses and inputs to the posts of your classmates and faculty during days 4-7

Scope:
This exercise will assess your knowledge, understanding and application of the relevant material covered.

Length and Presentation:
The object is quality, rather than quantity in demonstrating your understanding of the concepts and ability to apply them. The initial analysis /response to the assigned discussion prompts must be posted by the due date (day 3). It is expected you will read all discussion postings, and then post 3 - 4 follow-up responses to your classmates’ postings by end of week.

Criteria by which your assignment will be marked:

• Demonstrated critical thinking, including applications in practice
• Demonstrated complete understanding of the assignment and the underlying concepts
• Met the minimum substantive expectations
• Posted the required subsequent responses to the posts of your classmates or to the responses to your initial post – responses are substantive in nature (at least 100 words) and should include constructive feedback and meaningful inputs or extension to the discussion
• Demonstrated good-quality writing, concise language choice and appropriate citations where relevant

Assessment 3: Entrepreneur Interview
Weighting: 25%
Due Dates: Day 7 of week 4
Submission Details: Via Drop Box in LEARN

Task:
Refer to the “Visit with an Entrepreneur” Exercise 1 on pp. 29-31 of the prescribed text. Using this as the basis for your assignment, identify a suitable entrepreneur who has been in business for at least three years. The better learning experience comes from a business that is growth oriented and exhibits innovation in its products or services, systems, processes, etc.

Prepare and conduct an interview with the selected entrepreneur using the questions from Exercise 1 as a suggested guide.. Preparation is crucial if you are to derive maximum benefit from this assessment. Reflect on the responses obtained during the interview, then write up your report (using Step 4 of Exercise 1 as a basis for your discussion).
The correct approach is to produce an insightful evaluation of what you learned through this exercise and how theory may differ to the reality of the entrepreneur’s experiences.
The incorrect approach would be to merely produce a massaged reproduction of the interview.
 
Scope:
This assignment will assess your understanding of the topic and the correct application of theories, concepts and frameworks and, if appropriate, the effective use of local and international research data to support your analysis and discussion.
 
Length and Presentation:
Maximum 2500 words
In Word document format
Must include an Assessment Cover Sheet

Criteria by which your assignment will be marked:

• Demonstrated a well-defined and sound perspective with obvious understanding
• Demonstrated critical thinking and synthesis through a solid argument, opinion, or application of concept/s
• Additional research sources, appropriately cited, other than those assigned, and examples are specific, detailed and directly support the argument
• Demonstrated quality and depth of analysis and insight, with reasonable and objective interpretation
• Distinguishes between fact and fiction, explores reliability, and compares and contrasts

Assessment 4: Critical Analysis Research Paper
Weighting: 15%
Due Dates: Day 7 of week 6
Submission Details: Via Drop Box in LEARN

Task:
Readings available through the LEARN site:

1. Amabile, Teresa M. (1997) Motivating Creativity in organisations: On doing what you love and loving what you do. California Management Review, 40 (1) 39-58.
2. Birkinshaw, Julian. (2003) The Paradox of Corporate Entrepreneurship. Strategy and Business, 30, pp 46-58
3. Getz, I. and Robinson, Alan G. (2003) Innovate or Die: Is that a Fact? Creativity and Innovation Management, 12 (3) 130-136.
4. Nohria, N. and Gulati, R. (1996) Is Slack Good or Bad for Innovation? Academy of Management Journal, 39 (5) 1245-1264.
5. Costanzo, Laura A. (2004) Strategic Foresight in a high-speed environment. Futures 36 (2) 219-235.
6. Wilson, Keeley and Doz, Yves L. (2011) Agile Innovation: A Footprint Balancing Distance and Immersion. California Management Review, 53 (2) 6-26.
7. Cooper, Robert G. and Sommer, Anita F. (2016) From Experience: The Agile-Stage Gate Hybrid Model: A Promising New Approach and a New Research Opportunity. Journal of Product Innovation and Management, 33 (5) 513-526.
8. O’Connor, Gina Colarelli and Rice, Mark P. (2013) New Market Creation for Breakthrough Innovations: Enabling and Constraining Mechanisms. Journal of Product Innovation and Management, 30 (2) 209-227.

These readings provide some knowledge and understanding of the Innovation topic. Your task is to critically analyse two or more of the academic papers listed above. A critical analysis is not merely a description of what you have read. It requires an evaluation of the paper/s, critiquing one against the other, comparing issues discussed and conclusions drawn, emphasizing themes which may emerge, the strengths and weaknesses of the articles, etc. A critical analysis is not an essay describing and agreeing with what the paper proposes, it is an expression of your beliefs, opinions and standpoint of your argument. It is a discussion and interpretation of your evaluation of the reading/s, being explicit in your reasons and providing evidence that influenced you in forming your judgement. Provision of evidence to substantiate your argument is crucial. Reference the material used to validate how and why you arrived at your conclusion/s. Reading wider than the articles provided will deepen your argument and corroborate any opinions stated. The purpose of a critical analysis is to evaluate the worth, truth, validity, utility, quality and merit of the argument postulated by the author/s.

The points below give some ideas on how to extract sufficient information from the journal articles to develop a critical analysis. If you have a robust, focused argument to convey, you may not address all issues.

• Briefly describe the the intention of or argument behind the paper/s – a couple of sentences is sufficient.
• Comment on the research method/s used. Do you deem the method to be appropriate? Is it quantitative or qualitative, or a mix? Were surveys used? What does the literature actually reveal?
• Evaluate the papers. What is the main line of argument? Is the evidence well presented, sufficient and convincing to support the main line of argument? Make a judgement on the value of the paper/argument.
• Is the paper directed at a specialized or general audience? Assess the purpose of the writer/s. Is it to build theory, to inform, to describe a specific business issue, or to influence the reader through emotion or logical reasoning?
• Is there dissension between the different authors? Which viewpoint do you agree with, and why? Are there alternative lines of argument? Why?
• What are the findings? Are they strong, weak and/or “sound”? In your opinion, were there any omissions, limitations, or provision of contrary evidence?
• Did the author/s achieve their purpose accurately, coherently and clearly?
• What is the relevance to business and management practice?
• How, why and where does innovation fit within entrepreneurship?
• What conclusions did YOU reach? Provide evidence for your line of reasoning.
• What have you achieved or contributed in completing this analysis?

Note: This is not a précis of the papers analysed. What is sought is insight, critical thinking and integration of ideas to produce a paper that reflects what you derive from this exercise, your deductions, your perceptions, etc.

Scope:
This exercise will assess your knowledge and understanding of innovation theory, concepts, and the implications to practical management issues. The assignment also assesses your understanding of the role of critical analysis in practical business situations. It will do this by directing you to reflect on business issues, how opinions differ and how these viewpoints need to be evaluated if sense is to be made of the ambiguity in business.

Length and Presentation:
Maximum 1500 words
In Word document format
Must include an Assessment Cover Sheet

Criteria by which your assignment will be marked:

• Demonstrated a well-defined and sound perspective with obvious understanding
• Demonstrated critical thinking and synthesis through a solid argument, opinion, or application of concept/s
• Additional research sources, appropriately cited, other than those assigned, and examples are specific, detailed and directly support the argument
• Demonstrated quality and depth of analysis and insight, with reasonable and objective interpretation
• Distinguishes between fact and fiction, explores reliability, and compares and contrasts

Assessment 5: Reflective Essay
Weighting: 11%
Due Dates: Day 7 of week 9
Submission Details: Via Drop Box in LEARN

Task:
Write a reflective essay on why you chose this particular course. Describe your anticipated outcomes, the journey you experienced through the duration of the course, any highs enjoyed or disappointments suffered, what you considered to be strengths and weaknesses, do you perceive yourself to have honed existing or gleaned new entrepreneurial capabilities from the course,what are your objectives and goals with the newly acquired knowledge and skills, are you able to disseminate the new knowledge thorugh your own business, disperse your learning into your networks, or adapt work practices of the organisation you work for, etc.

In writing your Reflective Essay, there are few points to bear in mind. The introduction describes the background or reasons for selecting this course. What are your plans once you complete this course? How will you put the newly gained knowledge and skills to use?

The main body of the reflective essay describes the process you used for working through the course. Your essay should reveal detail about any strong and weak points; it should share your positive and negative experiences, as well as your feelings experienced through the duration of the course.
To conclude your essay, there are a few important factors to be cognisant of. You need to determine whether or not you have achieved your goals. Why or why not? How could the outcome be different? You also need to think about what you would like to change in the course work. Maybe you will not personally benefit from this change, but future students will have a chance to do so. In your essay conclusion, think about the expertise you have gained and how you would apply it in your professional and/or personal life. Have you experienced personal growth, confidence, promotion, greater risk propensity, etc, and if so, how will you utilise this to its best advantage?

Scope:
This assignment will assess your knowledge and understanding of the material covered in the course.

Length and Presentation:
Maximum 1500 words
In Word document format
Must include an Assessment Cover Sheet

Criteria by which your assignment will be marked:

• Demonstrated a well-defined and sound perspective with obvious understanding
• Demonstrated critical thinking and synthesis through a solid argument, opinion, or application of concept/s
• Additional research sources, appropriately cited, other than those assigned, and examples are specific, detailed and directly support the argument
• Demonstrated quality and depth of analysis and insight, with reasonable and objective interpretation
• Distinguishes between fact and fiction, explores reliability, and compares and contrasts

Assessment 6: Business Plan Critique
Weighting: 25%
Due Dates: Day 7 of week 10
Submission Details: Via Drop Box in LEARN

Task:
Read the business plan that will be made available to you on the LEARN Site at the end of week 7.
You are to undertake the following tasks:

1. Critique the written business plan identifying the key strengths and weaknesses of the written document as to its readability, professionalism, content – missing or otherwise, and format (5%)
2. Evaluate the business opportunity identifying the key strengths and weaknesses of the opportunity as to why you would invest/not invest. (8%)

Develop three new ideas as to how you could build upon and expand the initial business idea into three other businesses. Use mindmapping software that you use reguarly or access one of the free tablet Mindmapping apps available (suggestions: Mindmeister, Mindomo, iMindMap, etc). If unfamiliar with mindmaps, do a little research on how they work before getting started. Begin with the business idea as your central topic/idea and then develop a range of aspects associated with the theme. This will allow you to explore many aspects of the topic that will reveal new insights and associations. Draw up 10 - 20 associations with the idea. Take 10 of these assumptions and challenge them as a means of provoking new possibilities. Develop 3 new business ideas from these compiling a short write-up on each of your ideas. Submit your mindmap as well as the 10 assumptions that you challenged, and the 3 new business ideas that you developed as a result of challenging the initial assumptions. (12%)

Scope:
This assignment will assess your knowledge and understanding of the material covered over the duration of the course.

Length and Presentation:
Maximum 2500 words
In Word document format
Must include an Assessment Cover Sheet

Criteria by which your assignment will be marked:

• Demonstrated a well-defined and sound perspective with obvious understanding
• Demonstrated critical thinking and synthesis through a solid argument, opinion, or application of concept/s
• Additional research sources, appropriately cited, other than those assigned, and examples are specific, detailed and directly support the argument
• Demonstrated quality and depth of analysis and insight, with reasonable and objective interpretation
• Distinguishes between fact and fiction, explores reliability, and compares and contrasts

All text based assignments must be submitted via Drop Box in LEARN
There are a few points to note about the submission of assignments:

• Assignment Submission: Assignments should be lodged via Drop Box in the LEARN system. Please refer to individual assignment tasks for specific submission details relevant to each task. Note that assignments may be processed via TURNITIN, which is an online plagiarism prevention tool.
• Cover Sheet: As part of your assignment, please add the completed University of Adelaide Assessment Cover Sheet to your assignment, providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work. Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration. Where applicable, also include the word count excluding title pages and references.
• Backup Copy of Assignments: You are advised to keep a copy of your assignments in case the submitted copy goes missing. Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
• Extensions of Time: Any request for an extension of time for the submission of an assignment should be made well before the due date of the assignment to the Course Lecturer. Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date. Extensions will only be granted in cases of genuine extenuating circumstances and proof, such as a doctor’s certificate, may be required.
• Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade. Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.

Resubmission & Remarking
Resubmission of an assignment for remarking after reworking it to obtain a better mark will not normally be accepted.  Approval for resubmission will only be granted on medical or compassionate grounds.