UnitLevel 5Postgraduate

BEX5413 Technology and innovation for start-ups

Faculty of Business and Economics

BEX5413 Technology and innovation for start-ups is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Caulfield and Clayton. It has no prerequisites and unlocks 1 unit, leading on to 2 units in all.

Credit points
6
Offered in 2020
Semester 1, Semester 2
Caulfield, Clayton
Assessment
No exam
1 task
Workload
144 hours
per semester

This is the 2020 handbook entry. See the 2027 entry.

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Requisites

Before BEX5413

No prerequisites or corequisites.

After BEX5413

1 unit list BEX5413 as a prerequisite or corequisite.

Overview

Technology, increasingly impacts upon life in both measurable and immeasurable ways. Without it, life as we know would be a very different and most probably, rather stark experience. Innovation is often explicitly and implicitly bound with technology as knowledge and the way we use knowledge drives rapid advances that can both add to our lives but also at times result in unforeseen implications. This unit examines technology and innovation from a human-centred perspective providing a broad overview of the technology landscape and how this drives innovation that impacts on human lives and by consequence, all life. Technological advances can enable economic growth and diversity and this course, in a practical manner, will highlight how technology can be leveraged in transforming nascent concepts into commercial realities. The unit adopts a design-driven innovation perspective and demonstrates how a human-centred lens is applied when developing new products, services and technologies. Philosophically, nascent innovators will be challenged in this unit to test and validate (in an applied sense), appropriate technology for different types of innovations that may either underpin a start-up or facilitate more optimal and efficient operations of one. This unit will also focus on the architecture that supports technology and how this relates to the start-up journey and achieving profitability. Students will be exposed to the most current emerging deep technologies including AI, IoT, machine learning and bots but also not overlook less ‘glamorous’ tech where scope still exists for considerable innovation. This will allow students to more comprehensively explore the interplay between innovation, technology, and delivery to market.

Offerings in 2020

Teaching periodCampusMode
First semesterCaulfieldEvening
Second semesterClaytonEvening

Assessment

  • Within semester assessment
    100%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    develop a broad understanding of the role of technology and innovation in launching and growing viable start-ups

  2. 2

    be able to effectively and critically explore problem spaces

  3. 3

    become competent in testing and validating the commercial viability of new technologies or new applications of existing technologies

  4. 4

    design and carry out end-user customer experiments

  5. 5

    pitch to and convince an audience of the desirability, feasibility and viability of an innovation

  6. 6

    effectively manage client and stakeholder relationships.

Workload and teaching

  • Workshops27 hours
  • Teaching approachActive learning

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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

This unit is offered by the Entrepreneurship Portfolio in the Business School and is guided by our four defining values:
Humble excellence
Elevated thinking
Meaningful action
Anchored in community

The core function of the portfolio is to help students develop an entrepreneurial mindset and the capabilities to bring this mindset to life. This means that throughout the unit you will experience ambiguity, moments of chaos and considerable uncertainty as you deep dive into the world of startups, entrepreneurship and innovation. You will be required to spend substantial time outside of class engaging with various stakeholders to help test and validate your ideas and solutions. Each unit within the entrepreneurship portfolio requires you to act, it’s not about sitting in the classroom, coming up with ideas and thinking you’re correct. You will at times be wrong! So, you will need to iterate, adjust and be willing to fail. This is what entrepreneurship is about, it will be hard but incredibly rewarding! If you are not willing to put in the work and give it your best, then this unit is not for you.
Technology Policy
This unit requires your full attention and focus at all times, if you are answering emails, texting, posting or scrolling during lectures and in particular guest presentations you will be asked to leave the class.
Word Limits
You will notice that there are some assessments with no word limits in this unit, this is because the unit is designed to prepare you for the real world. We may provide you with some guidance, but we will not spend time specifying how long a report should be, what font you should use or other bits of information that you, a young professional, need to learn how to judge and decide. Use as many pages/slides/words/pictures that are required to get your insights across in a clear and succinct manner.

Where it fits

BEX5413 is part of 1 area of study in the 2020 handbook.

Contacts

Chief Examiners
Professor David Gilbert

Common questions

What are the prerequisites for BEX5413?

BEX5413 has no prerequisites.

What can I take after BEX5413?

BEX5413 is a prerequisite or corequisite for 1 unit, including BEX5415. Those lead on to 2 units in all.

When is BEX5413 offered?

In 2020, BEX5413 runs in Semester 1 and Semester 2 at Caulfield and Clayton.

How much work is BEX5413?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does BEX5413 have an exam?

No. BEX5413 has 1 assessment task and no exam.

Which majors and minors include BEX5413?

BEX5413 is part of Entrepreneurship.

More details

Credit points
6
Level
5
Study level
Postgraduate
Faculty
Faculty of Business and Economics
Organisational unit
Monash Business School
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 3
Study abroad
Not available