MANAGEMT 7125OL - Entrepreneurial Mindset

Online - Online Teaching 6 - 2020

The term entrepreneurship is often poorly understood based on adoption of a very narrow definition of `starting a new business'. Founding a start-up is only one pathway available to individuals who utilise the unique skill set that underpins the entrepreneurial mindset. Also referred to as a growth mindset, the skills and capabilities that characterise an entrepreneurial mindset enable creative agile thinking, ability to recognise opportunity in a crowded competitive market, an experimentation mentality that accepts failure as a positive learning approach to problem solving, a competency to navigate ambiguity and the uncertainty of a constantly changing environment, plus a strong bias to action. Employers are beginning to understand the importance of fluid decision-making and adaptive enterprising skills, acknowledging these may become a mandatory expectation in job descriptions for managers at the workplace of the future. Whether a leader or manager in a large corporate, a company director, a policy maker or advisor in government, achieving social good through a purpose-driven enterprise, succession pathway in a family business, intrapreneuring as a respected and valuable employee, or the founder of your own venture, the challenges within today's global marketplace will demand an entrepreneurial attitude and skill set that enables mastery in cultivating and evaluating profitable opportunities and calculated risk management.

  • General Course Information
    Course Details
    Course Code MANAGEMT 7125OL
    Course Entrepreneurial Mindset
    Coordinating Unit Business School
    Term Online Teaching 6
    Level Postgraduate Coursework
    Location/s Online
    Units 3
    Available for Study Abroad and Exchange N
    Course Description The term entrepreneurship is often poorly understood based on adoption of a very narrow definition of `starting a new business'. Founding a start-up is only one pathway available to individuals who utilise the unique skill set that underpins the entrepreneurial mindset. Also referred to as a growth mindset, the skills and capabilities that characterise an entrepreneurial mindset enable creative agile thinking, ability to recognise opportunity in a crowded competitive market, an experimentation mentality that accepts failure as a positive learning approach to problem solving, a competency to navigate ambiguity and the uncertainty of a constantly changing environment, plus a strong bias to action. Employers are beginning to understand the importance of fluid decision-making and adaptive enterprising skills, acknowledging these may become a mandatory expectation in job descriptions for managers at the workplace of the future.
    Whether a leader or manager in a large corporate, a company director, a policy maker or advisor in government, achieving social good through a purpose-driven enterprise, succession pathway in a family business, intrapreneuring as a respected and valuable employee, or the founder of your own venture, the challenges within today's global marketplace will demand an entrepreneurial attitude and skill set that enables mastery in cultivating and evaluating profitable opportunities and calculated risk management.
    Course Staff

    Course Coordinator: Susan Chant


    Program Coordinator contact details: MBA Online

    Name: Assoc. Prof. Graciela Corral de Zubielqui

    Email: graciela.corraldezubielqui@adelaide.edu.au
    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes
    Upon completion of this course/subject, students will be able to:

    1.   evaluate the core concepts and theory of the nature of enterprise and entrepreneurship
    2.   investigate the various forms and models of entrepreneurship as a process
    3.   develop an Entrepreneurial Mindset considering the influencing factors
    4.   integrate innovation as an entrepreneurial process for projects and proposals
    5.   investigate the factors that drive opportunity in the entrepreneurial process
    6.   critically assess the viability and goals of entrepreneurial projects and proposals.
    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)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1, 2
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    4
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    6
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    3, 4
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    1, 2, 3, 6
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    3, 4
  • Learning Resources
    Required Resources
    Entrepreneurial Mindset Custom Text
    Recommended Resources
    Entrepreneurial Mindset Custom Text
    Online Learning
    The course is delivered over a 6 week period. ‘Time’ is one of our most precious resources and to cover an MBA Course in that time needs planning. This link provides some ideas on Time Management


  • Learning & Teaching Activities
    Learning & Teaching Modes
    The course introduces the use of self-assessment, evaluation and critical examination to work through a range of entrepreneurial systems, concepts and frameworks, in order for you to develop your own entrepreneurial mindset. This course teaches you the fundamentals of entrepreneurship and the approach to entrepreneurial thought in order to assist in decision making.

    It is delivered online with activities scaffolded towards completion of the Assessments. The Modules are designed to provide you with a framework from which to build your understanding through reading the references, watching the videos, responding to the activities
    through analysis and discussion of your personal reflections with other students, including in the weekly online tutorial.
    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    Students should allocate approximately 25 hours per week to accomplish the Learning Outcomes for this intensive Course. In total the course is estimated to require 156 hours for completion.
    Learning Activities Summary
    Over the next 6 weeks, you will need to work through the 6 modules. Each week you will need to:

    •  work through the content
    •  complete the readings (additional readings are optional)
    •  participate in the discussion board/s including Zoom discussions
    •  watch the videos (where available)
    •  listen to podcasts (where available)
    •  complete activities (including quizzes)
    •  undertake a range of self-assessments and learning reflections (Personal Learning Reflections)
    •  attend online tutorial (zoom session)
    •  attend to relevant assessment tasks and
    •  ensure assessments are submitted by the due dates

    Schedule
    Module 1
    The nature and importance of entrepreneurship


    At the end of this week, students will be able to:

    1.  Interpret the nature and definition of entrepreneurship in practice
    2.  Evaluate factors that influence entrepreneurship in practice
    3.  Revise the development of entrepreneurship over time
    4.  Propose the drivers of entrepreneurial activity in relation to the economy

    Module 2
    Forms of Entrepreneurship

    At the end of this week, students will be able to:

    1.  Categorise the different forms of entrepreneurship and their drivers.
    2.  Evaluate the motivations for the rise in social entrepreneurship
    3.  Diagnose the characteristics of corporate entrepreneurship.

    Module 3
    Entrepreneurship as a Process

    At the end of this week, students will be able to:

    1.  Diagnose entrepreneurship as a construct.
    2.  Compile the different models of entrepreneurship.
    3.  Hypothesise the relevance of opportunity in entrepreneurship.
    4.  Propose required resources and team using the entrepreneurial framework.

    Module 4
    The Entrepreneurial Mindset

    At the end of this week, students will be able to:

    1.  Interpret the term 'Entrepreneurial Mindset' and its application in management practice.
    2.  Investigate the dominant themes of entrepreneurs.
    3.  Evaluate the concept of entrepreneurial self-efficacy.
    4.  Evaluate risk, ambiguity and uncertainty and its relevance to firm practice.
    5.  Investigate risk factors that could influence stress in entrepreneurs.

    Module 5
    Ideas, Creativity and Innovation
    At the end of this week, students will be able to:

    1.  Synthesise creativity, ideas and innovation in entrepreneurial practice.
    2.  Diagnose the application of creative thinking methodologies.
    3.  Interpret the different forms of innovation and its role in the entrepreneurial process.
    4.  Design the steps involved in realising an entrepreneurial opportunity.

    Module 6
    Opportunities
    At the end of this week, students will be able to:

    1.  Interpret the factors that drive opportunity in the entrepreneurial process.
    2.  Develop awareness of the process involved in realising opportunities.
    3.  Diagnose the application of creativity in the process of turning ideas into opportunity.
    4.  Develop an Entrepreneurial Mindset in the process of screening opportunities.
    5.  Formulate a plan to apply an Entrepreneurial Mindset in practice.

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    All text based assignments must be submitted via MyUni.
    Please refer to step by step instructions: MyUni Learning Centre

    There are a few points to note about the submission of assignments:

    Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both). Note that assignments may be processed via TURNITIN, which is an online plagiarism prevention tool.

    Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet 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.

    Extensions of Time: An application for Assessment Extension 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 medical, compassionate or extenuating circumstances.

    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 & 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.
     
    Assessment Related Requirements
    The submission of all the assessments is a requirement to pass the course.
    Assessment Detail
    ASSESSMENT 1: ESSAY
    Due Date: End of Week 4, Sunday 11.59pm
    Weighting: 35%

    Your task:
    Write an essay which discusses the concept of ‘entrepreneurial self-efficacy’ and explains how this can be used to differentiate between ‘entrepreneurs’ and ‘business owners’. Your essay should include ways in which entrepreneurial self-efficacy can be applied in your work life. A literature review on self-efficacy is provided for your use in presenting your discussion. (see ‘Sources of Information’)
    Your essay should cover the following points:
    1.  Definition of an entrepreneur.
    2.  Distinction between an entrepreneur and a small business owner.
    3.  A discussion of the literature on ‘entrepreneurial self-efficacy’ and how this can be applied in practice.
    4.  The relationship between ‘entrepreneurial self-efficacy’ and business/individual performance.

    Requirements:
    You are required to submit an Essay of approximately 2,000 words as a pdf.
    Essay format required: Introduction; Body (discussion/analysis); Conclusion; References
    Sources of information:
    Newman, A, Obschonka, M, Schwarz, S, Cohen, M & Nielsen, I. 2019, ‘Entrepreneurial self-efficacy: A systematic review of the literature on its theoretical foundations, measurement, antecedents, and outcomes, and an agenda for future research’, Journal of Vocational Behavior, vol. 110, pp. 403–419.

    ASSESSMENT 2:REPORT AND SHORT VIDEO
    Due Date: Sunday 11.59pm end of Week 6.
    Weighting: 55%

    Your tasks:
    This assessment has two parts:
    1.  a 10-minute video presentation explaining the viability of project goals and outcomes
    2.  a PDF report of approximately 3,000 words evaluating the core concepts and theory of the nature of enterprise and entrepreneurship including factors that influence an entrepreneurial mindset.
    Directions
    Critically analyse the concept of ‘entrepreneurial mindset’ and develop a plan to apply this in your workplace.
    Assessments will be submitted through the Canvas system as:
    3.  a 10-minutes video presentation.
    4.  a pdf report of approximately 3,000 words.

    ASSESSMENT 3: REFLECTIVE TASK
    Due Date: Sunday 11.59pm end of Week 6.
    Weighting: 10%

    Your task:
    Reflecting on the Entrepreneurial Mindset course, anticipate the aspects about which you and the enterprise need to be mindful.
    Directions
    Reflecting on your learning from this course, consider the activities you have undertaken and the times you have looked at your own enterprise in the various reflective exercises.
    What are the key areas of entrepreneurial thought and processes from the learning you believe your enterprise could introduce to assist in using an entrepreneurial mindset moving forward? Discuss what they are, and why they would assist.
    Requirements
    You are required to submit a pdf report of approximately 800 words compiling your reflections for this course.



    Submission
    All text based assignments must be submitted via MyUni.

    Please refer to step by step instructions: MyUni Learning Centre

    There are a few points to note about the submission of assignments:

    Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both). Note that assignments may be processed via TURNITIN, which is an online plagiarism prevention tool.

    Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet 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.

    Extensions of Time: An application for Assessment Extension 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 medical, compassionate or extenuating circumstances.

    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 & 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. All assignments must be submitted by Sunday night, 11:59pm of the week in which they are due.
    Course Grading

    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.

  • Student Feedback

    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.

  • Student Support
  • Policies & Guidelines
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