UnitLevel 5Postgraduate

MBA5249 Creativity and entrepreneurship

Faculty of Business and Economics

MBA5249 Creativity and entrepreneurship is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 2 at Caulfield. It has no prerequisites.

Credit points
6
Offered in 2024
Semester 2
Caulfield
Assessment
No exam
1 task
Workload
153 hours
per semester

This is the 2024 handbook entry. See the 2027 entry.

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Requisites

Before MBA5249

After MBA5249

No unit lists MBA5249 as a prerequisite in the 2024 handbook.

Enrolment rules

You must be enrolled in course B6017 or B6054 to undertake this unit.

Equivalent units

The same content under another code. Only one of them counts.

Overview

Have you ever had a great idea and been unsure about how to bring it to life? Or found a wicked problem but not known how to solve it? Or maybe you have wondered how seemingly successful people pitching their businesses on stage, got to that point. Innovation and entrepreneurship is often shrouded in mysticism and hyperbole, with lightning bolts seemingly striking as geniuses appear with a breakthrough idea. The truth is, to truly be creative, entrepreneurial and innovative, you need to do a lot of hard work, but the rewards can be incredible. In this unit, students are placed into start-up style teams that focus on addressing a real world challenge; from defining a clear problem to solve, through to coming up with a solution, building a business model around it, and then pitching your venture to a panel of industry experts. This is a hands-on, experiential unit, with a focus on building entrepreneurial and creative mindsets, and practical skills. Teams will follow industry leading frameworks spanning design thinking, lean experimentation and business modelling to collaboratively bring sophisticated, considered and innovative business concepts to life.

Offerings in 2024

Teaching periodCampusMode
Second semesterCaulfieldOn campus, block

Assessment

  • Within semester assessment
    100%

Learning outcomes

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

  1. 1

    explore a problem space and identify challenges and opportunities

  2. 2

    develop human-centred insights to inform and guide innovation efforts

  3. 3

    employ creative thinking to develop innovative concepts and ideas

  4. 4

    use modern frameworks to interrogate and define key business requirements

  5. 5

    develop prototype solutions that articulate a solution and enable validation of assumptions

  6. 6

    communicate a compelling rationale for a viable business idea

  7. 7

    employ ways of working, fit-for-purpose in modern innovation environments

  8. 8

    become adept at being both a leader and a team player.

Workload and teaching

  • Seminars45 hours

Minimum total expected workload to achieve the learning outcomes for this unit is 153 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.

Learning resources

Technology resources

We will be using Miro and Slack as our main workshop and team collaboration tools.

Contacts

Chief Examiners
Chandra Radhakrishnan

Common questions

What are the prerequisites for MBA5249?

MBA5249 has no prerequisites, but enrolment rules apply.

When is MBA5249 offered?

In 2024, MBA5249 runs in Semester 2 at Caulfield.

How much work is MBA5249?

The handbook expects about 153 hours of study across the semester. No students have rated its difficulty yet.

Does MBA5249 have an exam?

No. MBA5249 has 1 assessment task and no exam.

More details

Credit points
6
Level
5
Study level
Postgraduate
Faculty
Faculty of Business and Economics
Organisational unit
Monash Business School of Executive Education
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Not available
Handbook years
2024202520262027