LEO5003 Innovation and new value creation
Faculty of Business and Economics
LEO5003 Innovation and new value creation is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2023. It has no prerequisites.
- Credit points
- 6
- Offered in 2023
- Other periods
- Monash Online
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before LEO5003
No prerequisites or corequisites besides the enrolment rules below.
After LEO5003
No unit lists LEO5003 as a prerequisite in the 2023 handbook.
Enrolment rules
You must be enrolled in course A6032, B4006, B6025, B6026, B6028 or in a Monash Online course to undertake this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Advances in technology provide a range of opportunities for innovation, digital transformation and the creation of new value propositions. Entrepreneurs (and organisational intrapreneurs) who embrace innovation can create and commercialise new technology and monetise intellectual property (IP), setting their organisations apart in a competitive environment, even re-defining an industry. This unit examines the adoption and impact of technological advances, especially artificial intelligence and digital transformation, and prepares you for the challenges of innovations in that context. Building on foundational models and concepts of innovation and creativity, and a critical review of your collective experience of ideation, creativity, and design thinking, the unit provides a series of targeted lessons that extend your ability to contribute to organisational innovation.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Teaching period 2 | Monash Online | Mo |
| Teaching period 6 | Monash Online | Mo |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop understanding of innovation creation and adoption in light of advances in technology and artificial intelligence
- 2
demonstrate ability to analyse technological advances and identify the challenges and opportunities they pose to organisations
- 3
demonstrate creativity and design thinking that supports the realisation of innovation in competitive environments.
Workload and teaching
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.
Contacts
- Chief Examiners
- Andrea Fenton
Common questions
What are the prerequisites for LEO5003?
LEO5003 has no prerequisites, but enrolment rules apply.
When is LEO5003 offered?
LEO5003 has no offerings listed in the 2023 handbook.
How much work is LEO5003?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does LEO5003 have an exam?
No. LEO5003 has 1 assessment task and no exam.