Understanding Processes of Innovation

Unit code: ESP3002 | Study level: Undergraduate
(Generally, 1 credit = 10 hours of classes and independent study.)
Footscray Park
Online Real Time


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.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Critically review models and processes of entrepreneurship and contemporary innovation;
  2. Apply an understanding of how data and analytics can inform practice, creativity and change;
  3. Engage attributes and skills for leadership and collaboration; and
  4. Devise and present a prototype to illustrate a creative and new concept.


For Melbourne campuses

Assessment type: Exercise
Grade: 20%
Framework review of contemporary innovation
Assessment type: Report
Grade: 40%
Group plan and report supporting an innovation
Assessment type: Project
Grade: 40%
Group prototype and presentation

Required reading

Links to recommended texts for this unit will be provided to students via the Learning Management System (VU Collaborate)

As part of a course

This unit is studied as part of the following course(s):

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