BEX5414 · Corporate venturing and innovation in global entrepreneurship ecosystems

Overview

Corporate venturing and innovation in global entrepreneurship ecosystems are capabilities seen by many world-leading firms as critical to their short- and long-term survival and success. This unit will offer you the opportunity to not just learn about internal venturing, but to also be a part of how companies go about constantly evolving and uplifting their capabilities to drive greater performance and relevance, in ever-evolving and globally interconnected markets. You will be joined on this exciting learning journey by real-world experts, who will collaborate with you in guiding and challenging interdisciplinary venture teams to achieve outcomes important for the growth and success of their company. Innovative firms will offer you the opportunity to undertake problem scoping, competitive landscape analysis, competition benchmarking, customer segmentation and engagement, prototyping, testing and validation of solutions, along with building business cases and internal support for developed courses of action. The unit requires you to learn-practice-reflect, with much of the work being done outside of class engaging with real-world businesses and their customers. You will learn how to be part of and be accountable for the actions of a high-performing, multidisciplinary team; doing so under the guidance of both your faculty team and highly experienced practitioners in their respective companies. The projects you will work on will actually mean something to a business and position you as someone capable of making a difference. On completion of this unit, you will be far more confident of your ability to be an innovator in an existing business who is capable of working effectively with others to create new futures for companies that understand the need to constantly be challenging business as usual. Your transformation and development will not be assessed by exams or essays, instead, you will be evaluated based on your contributions to delivering outcomes agreed upon with your industry partner in pursuit of achieving the learning outcomes for the unit.

Offerings

The Handbook publishes no offerings for this unit.

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. understand and apply in real-world businesses, various innovation models including open innovation, corporate venturing, and disruptive innovation, whilst evaluating their applicability in different global business settings
2. develop the ability to formulate and implement effective corporate venturing strategies that leverage both internal and external partnerships in better realising a firm's investment in innovation and growth
3. deliver rigorous global market analyses and identification of emerging opportunities for innovation and venturing
4. operate at a high-performing level as both an effective team player and team leader
5. be proficient in assessing and mitigating any risks associated with venturing initiatives in existing firms
6. act in an ethical manner in designing and implementing internal venturing initiatives that promote sustainable and socially responsible innovation practices and outcomes.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.