Courses & Units

Fundamentals of Innovation and Entrepreneurship BAA539


To be innovative, you need to be able to think differently. In this unit, you’ll learn about the thinking tools that entrepreneurs use to create innovative products and build a thriving business around them. You’ll learn what it means to adopt an entrepreneurial mindset, how to tackle problems and make decisions with limited information and how to maintain a customer-centric focus throughout the life-cycle of a product or business. By the end of this unit, you will have learned some of the fundamental theories and thinking tools that entrepreneurs and innovators use every day, as well as learning about the characteristics of successful entrepreneurs and how to cultivate this mindset.


Unit name Fundamentals of Innovation and Entrepreneurship
Unit code BAA539
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Management
Coordinator Doctor Roshni Narendran
Delivered By University of Tasmania
Level Postgraduate


Location Study period Attendance options Available to
Hobart Semester 1 On-Campus International Domestic
Launceston Semester 2 On-Campus International Domestic
Online Semester 1 Off-Campus International Domestic


International students
Domestic students

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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.

Key Dates

Study Period Start date Census date WW date End date
Semester 1 26/2/2024 22/3/2024 15/4/2024 2/6/2024
Semester 2 22/7/2024 16/8/2024 9/9/2024 27/10/2024

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • Consider and critically evaluate theories and practices of entrepreneurship and innovation.
  • Distinguish and appraise the characteristics of an entrepreneur.
  • Critically evaluate the value of innovation and enterprise thinking in a range of professional contexts.

Fee Information

The 2024 Commonwealth Supported Place (CSP) rates are still being finalised by the Government and we will update the domestic fee information as soon as we have more details.





AssessmentPresentation (Individual or Group) (25%)|Workshop (30%)|Report (45%)
TimetableView the lecture timetable | View the full unit timetable



There is no prescribed text for the unit. Instead, a list of recommended readings is provided through the MyLO site for the unit.


Baron, RA 2006, ‘Opportunity recognition as pattern recognition: How entrepreneurs “connect the dots” to identify new business opportunities’, Academy of Management Perspectives, vol. 20, no. 1, pp.104-119.

Deakins, D & Freel, MS 1999, Entrepreneurship and Small Firms, 5th edn, McGraw Hill Education, Maidenhead, Berkshire.

Dess, GG & Lumpkin, GT 2005, ‘The role of entrepreneurial orientation in stimulating effective corporate entrepreneurship’, Academy of Management Perspectives, vol. 19, no. 1, pp. 147-156.

Filser, M., Tiberius, V., Kraus, S., Zeitlhofer, T., Kailer, N. and Müller, A., 2020. Opportunity recognition: conversational foundations and pathways ahead. Entrepreneurship Research Journal.

Hitt, MA, Ireland, RD, Sirmon, DG & Trahms, CA 2011, ‘Strategic entrepreneurship: creating value for individuals, organizations, and society, Academy of Management Perspectives, vol. 25, no. 2, pp.57-75.

Hlady-Rispal, M. and Servantie, V., 2018. Deconstructing the way in which value is created in the context of social entrepreneurship. International Journal of Management Reviews, vol. 20, no. 1, pp.62-80. Horváth, K 2018, ‘Financial bootstrapping techniques: a systematic review of the literature’, On Research, vol.1, pp. 84-94.

Kahn, KB 2018, ‘Understanding innovation’, Business Horizons, vol. 61, no. 3, pp. 453- 460.

Kolko, J 2015, ‘Design thinking comes of age. “connect the dots” to identify new business opportunities’, Harvard Business Review, vol. September, pp. 1-7.

Mason, C & Brown, R 2013, Entrepreneurial ecosystems and growth oriented entrepreneurship, The Hague, Netherlands, viewed 23 November 2020,

McMullen, JS 2017, ‘Are you pivoting away your passion? The hidden danger of assuming customer sovereignty in entrepreneurial value creation’, Business Horizons, vol. 60 no. 4, pp.427-430.

Osterwalder, A & Pigneur, Y 2010. Business model generation: a handbook for visionaries, game changers, and challengers. John Wiley & Sons.

Sarasvathy, SD 2001, What makes entrepreneurs entrepreneurial?, viewed 26 May 2020, < Sarasvathy, SD & Dew, N 2005, 'New market creation through transformation'. Journal of Evolutionary Economics, vol. 15, no. 5, pp. 533565.

Scott, M and Bruce, R 1987, ‘Five stages of growth in small business’, Long Range Planning, vol. 20 no. 3, pp.45-52.

Simmons, SA, Wiklund, J, Levie, J, Bradley, SW & Sunny, SA, 2019. ‘Gender gaps and reentry into entrepreneurial ecosystems after business failure’, Small Business Economics, vol. 53, no. 2, pp. 517-531.

Shepherd, DA 2003, ‘Learning from business failure: Propositions of grief recovery for the self-employed’, Academy of Management Review, vol. 28, no. 2, pp. 318-328.

Ucbasaran, D., Westhead, P., Wright, M. and Flores, M., 2010. The nature of entrepreneurial experience, business failure and comparative optimism. Journal of Business Venturing, vol. 25, no. 6, pp.541-555.

Wagenschwanz, AM 2020, ‘The Identity of Entrepreneurs: Providing Conceptual Clarity and Future Directions’, International Journal of Management Reviews, vol. 00, pp. 1-21.

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