Understanding Processes of Innovation

The unit provides students with an understanding of the theory and practice of entrepreneurship and innovation in a range of different educational settings. Through examination of models and processes of entrepreneurship and innovation, students develop their capacity for opportunity exploration and the strategic management of change at the level of the individual, small teams, organisations and in public policy. There is a focus on the use of analytics and the processes of data-informed design and decision making. How can analytics inform the incremental design of innovation? We apply industry-based methodology to manage risk and uncertainty including SCRUM, agile and stage-gate techniques. The unit builds capability in scaling and implementing an initial idea through cross disciplinary collaboration and relationship dynamics. The unit examines the criteria of a successful project.