This unit (BMO6622) investigates theoretical concepts of creativity, innovation, intrapreneurship and entrepreneurship and the skills and competencies to apply this knowledge effectively to diagnoses the need for, identify and leverage an opportunity and create solutions to contemporary business or societal challenges both locally and globally. The unit provides an authentic and evidence based learning experience in which learners engage and apply to planning, strategizing and decision making in professional, commercial and social contexts. The unit stimulates students to challenge the way in which entrepreneurs grow within, flourish and are perceived by and contribute to diverse societal and sustainable contexts. Students will use their insights in analysing and critiquing contemporary international entrepreneurial trends and dilemmas as responsible ethical and global citizens. Important paradoxes are posed for students to express the way in which human ingenuity translates to business endeavour which can have both positive and negative consequences. Contemporary and emerging future scenarios and examples are given to enable students to apply knowledge to create an entrepreneurial venture that generates economic, social and sustainability benefits.

Unit details

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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Critically review the issues that influence how human creativity translates to innovation, intrapreneurship and entrepreneurship and how this transitional process is enabled and managed in different types of settings and organisational forms;  
  2. Critically interrogate and evaluate the literature on entrepreneurship and apply that understanding to interpret the steps in the successful trajectory of entrepreneurial ventures;  
  3. Integrate and deconstruct knowledge and learnings from a range of contexts and disciplines to conceptually map, apply and make recommendations for the management of innovation and entrepreneurship for a given organisational context;  
  4. Demonstrate accountability in autonomous and collaborative judgements and innovative strategic thinking in response to contemporary and future business/ professional challenges through working collaboratively on an innovative new venture; and  
  5. Design, formulate and present a business plan for a business venture grounded in a convincing innovation and entrepreneurial proposition.  


Melbourne campuses

Students studying under the VU Block Model.

Assessment type Description Grade
Report Analysing an entrepreneurial mindset 20%
Case Study Investigation on an entrepreneurial venture 30%
Project Venture Business Plan including an application for funding and presentation (Group) 50%

Other locations

Assessment type Description Grade
Assignment Assessing your entrepreneurial characteristics 10%
Presentation Developing an innovative venture idea 40%
Other Accelerating commercialisation grant application and reflection 50%

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

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