ENTREP 5036 - Entrepreneurial Concepts and Mindset
North Terrace Campus - Semester 1 - 2022
General Course Information
Course Code ENTREP 5036 Course Entrepreneurial Concepts and Mindset Coordinating Unit Entrepreneurship, Commercialisation & Innov Centre Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Intensive Available for Study Abroad and Exchange Y Incompatible ENTREP 5016, TECHCOMM 5016 Course Description This course aims to encourage students to develop an entrepreneurial mindset and provides an understanding of the nature of enterprise and entrepreneurship. Entrepreneurship is both a way of thinking and of doing. It involves "building something from nothing" and successful entrepreneurs know how to manage and mitigate uncertainty and risk. The course introduces the role of the entrepreneur, innovation and technology in the entrepreneurial process. The focus is the development of growth oriented and innovative ventures - whether for-profit or not-for-profit -. The course is relevant to a) those individuals thinking about starting a business, b) those who are already in business - large or small, c) those who are interested in commercialising their own innovations or of others, and d) those who advise entrepreneurs or engage in policy making in the entrepreneurship area. Developing an entrepreneurial mindset and enterprising skill set is critical for constantly changing markets or workplaces. As such, this course advances students career readiness by instilling an entrepreneurship mindset, an orientation towards opportunity and a propensity towards action.
Course Coordinator: Professor Paul SteffensProgram Director Contact Details: Postgraduate Entrepreneurship and Innovation
Name: Associate Professor Stephen Zhang
Trimester 1 and Semester 1 - On-campus course
Name: Prof Paul Steffens
Researcher Profile: https://researchers.adelaide.edu.au/profile/paul.steffens
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course, students will 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 Critique an entrepreneurial process / journey, reflecting on inherent paradoxes associated with entrepreneurship. 4 Develop a personal development plan for future entrepreneurial action and continued learning based on personal reflection and external feedback. 5 Engage in a continuing learning process through the interaction with peers in related topics, as individuals and as team members.
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Required ResourcesNielsen, S. L., Klyver, K., Evald, M. R., & Bager, T. (2017). Entrepreneurship in theory and practice: paradoxes in play. 2nd Edition. Edward Elgar Publishing, Cheltenham, UK. ISBN 978 1 78536 447 1
Recommended ResourcesThere is a wide range of material available on the course topics including the following:
Bygrave, W and Zackarakis, A, Corbett, A. (2016) Entrepreneurship, 4th Edition, John Wiley and Co.
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. (2016) Entrepreneurship, 10th Edition. McGraw-Hill Irwin, Boston.
Frederick, H., Kuratko, D. & O’Connor, A. (2018) Entrepreneurship: Theory, Process, and Practice, Asia Pacific 5th Edition, Cengage.
Spinelli, Stephen Jr. and Adams, Robert Jr. (2015). New Venture Creation: Entrepreneurship for the 21st Century – A Pacific Rim Perspective, 10th Edition. McGraw-Hill Irwin.
There is a range of journals where entrepreneurship research scholars publish their research, such as (note that this list is not definitive):
· Journal of Business Venturing
· Entrepreneurship Theory and Practice
· Journal of Small Business Management
· International Small Business Management
· Small Business Economics
· Academy of Management Review
· Journal of Small Business and Entrepreneurship
· Venture Capital
· Family Business review
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.
Online LearningMyUni is the University of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the University. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study.
Learning & Teaching Activities
Learning & Teaching ModesThis course is offered in blended learning mode with the face-to-face component offered as intensives.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).
Learning Activities SummaryThis is a draft schedule and is a guide only. The timetable may be changed during the course delivery if necessary.
Session Content 1 What is Entrepreneurship and Innovation? Some Definitions and contexts. 2 The entrepreneur: Born or made? 3 Emergence of opportunities: Created or Discovered? 4 The Entrepreneurial Process: Planning or Improvising? 5 Resourcing Entrepreneurship: Exploration or Exploitation? 6 Networking: Rational or Embedded? 7 Planning: Management tool or creativity curb? 8 The Entrepreneurial Mind: Entrepreneurial thinking or design thinking? 9 Entrepreneurial mindset and action: developing the opportunity 10 Entrepreneurial mindset and action: goal setting 11 Entrepreneurial mindset and action: getting feedback 12 Entrepreneurial mindset and action: execution 13 Social Entrepreneurship: Business or a better world?
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
# Assessment Task Task type Length Weighting Learning Outcomes 1 Two (2) multiple choice and short answer question tests Individual 2 x 25 questions 2 x 10%
(20% in total)
1,2 2 Entrepreneur Interview Group Maximum of 3,000 words 30% 1,2,3,5 3 Self-Reflection and Personal Development Plan Individual Maximum of 3,000 words 40% 1,2,4,5 4 Course Participation Individual N/A 10% 1-5 Total 100%
Assessment Related RequirementsStudents should attend all classes in order to pass the course. There is considerable experiential learning during classes that build your knowledge and thus enable you to be successful in this course.
Course results may be subject to moderation by the Assessment Review Committee.
Assessment DetailTwo (2) Multiple Choice and Short Answer Question Tests
Read and understand the materials presented during the lectures and the readings. Answer the questions.
Conduct an interview with two entrepreneurs who have been in business for at least three years using the guidelines in MyUni. The business should be growth oriented and / or exhibit innovation in its products or services, systems, processes, etc. Reflect on the responses obtained during the interviews using the theory and frameworks in the course to critically compare and contrast the two entrepreneurs and their entrepreneurial journeys.
Self-Reflection & Personal DevelopmentPlan
Keep a journal during the course recording reflections of your learning through classes, reading materials and engaging in assessment tasks. Undertake self-reflection of your entrepreneurial mindset and behaviours. Undertake interviews with two close friends or family regarding their perceptions of your entrepreneurial mindset and behaviours. Develop a personal development plan outlining your intentions for future entrepreneurial mindset, development and behaviours. Use the theory and frameworks presented in the course to guide your reflection and plans.
Part of your assessment is based on your participation in the class activities and discussion during the two course intensives.
All text based assignments must be submitted via MyUni:
- Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both).
- Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet (found in MyUni, under Modules) 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.
- 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.
- Assessment extensions request: An application for Assessment Extension should be made 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 medical, compassionate or extenuating circumstances. See sections 3 and 7a) i. in particular on assessment extensions in the Modified Arrangements for Coursework Assessment (MACA) Policy.
- Failure to submit: 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: of an assignment 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.
- Appealing a mark or grade: If you are dissatisfied with your mark or grade, you may request a review or re-mark. There must be academic or procedural reasons for your request, so you can’t simply request a re-mark because you are disappointed with your result. For more information on the process see Assessment Grievance: Appealing a mark or grade
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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