Entrepreneurship Foundations And Mindset

This subject is available under ICMS undergraduate degrees, please click the button below to find an undergraduate course for you.

Subject Code:

ENT101A/ENT101B

Note: Both A and B code subject versions are displayed as they are approved equivalent in content, assessments and learning outcomes. As ICMS courses are reaccredited, the subject is updated to a B-code suffix. Students studying a Bachelor of Business, Bachelor of Business (Sports Management), Bachelor of Business (Entrepreneurship and Innovation), Bachelor of Business (Marketing), Bachelor of Business (International Tourism), Bachelor of Event Management and Bachelor of Hospitality Management will be enrolled in ENT101B in 2027.  Students enrolled in all other courses at ICMS with this subject will complete ENT101A.This arrangement applies to the nested Diploma qualifications of these courses also.

Subject Aim:

ENT101A

The subject aims to introduce the theory and practice of entrepreneurship, the characteristics of entrepreneurs, and the “mindset” of the entrepreneurship in individuals and organisations. Students can gain an overview of the lean business start-up process, assess their own “mindset” for entrepreneurship and map out their journey to develop their mindset and skillset as entrepreneurs. The aim of the subject is for students to learn about themselves as people and thus identify what type of entrepreneur they would be.

The subject develops capacity to leverage ecosystems to advance venture creation and/or become a catalyst within them. Student entrepreneurs are exposed to various stakeholders and players at a local, national and global level. Student entrepreneurs study the characteristics of leading entrepreneurial ecosystems, entrepreneurial support systems and government policy making. Upon completion of the subject, student entrepreneurs would have developed their confidence in building and expanding entrepreneurial relationships.

The subject also introduces concepts and characteristics of social enterprises. This subject will guide the entrepreneurs to have a deeper sense of moral and social commitment through their entrepreneurial journey.

The subject also provides students different techniques and tools to practise enterprise resilience including internal and external methods.

ENT101B

Entrepreneurship is more than starting a business. It is about thinking innovatively, embracing challenges, and seizing opportunities in a dynamic global landscape. This course introduces the student to the essence of modern entrepreneurship, helping them uncover the powerful mindset that drives successful entrepreneurs. They will explore how creativity, strategic thinking, and resilience transform ideas into ventures and learn how cognitive processes and ethics shape entrepreneurial decision-making.

Through hands-on exploration, students assess and develop entrepreneurial mindset while navigating risks and rewards. The course also explores the rise of social and eco-preneurship, where profit meets purpose, and discover how entrepreneurs today drive positive change in society and the environment.

Students gain insight into global entrepreneurial ecosystems, learning how to leverage connections and resources like incubators, venture capital, and startup networks. The Lean Startup methodology will teach students how to rapidly test ideas, adapt, and iterate skills essential for modern entrepreneurship. Additionally, students will explore how passion-driven movements, like the Maker Movement, turn creative ideas into viable businesses.

Ultimately, this course equips students to start their own venture, innovate within organisations through intrapreneurship, or contribute to impactful social projects.

Learning Outcomes:

ENT101A

a) Identify concepts of entrepreneurship and entrepreneurial mindset in individuals.

b) Review personal entrepreneurial mindset developed throughout the course.

c) Explain fundamentals of resilience in entrepreneurs.

d) Identify opportunities and levers to influence your entrepreneurial ecosystem.

ENT101B

a) Identify key concepts, principles, and mindset required for entrepreneurial opportunities within dynamic business environments.

b) Reflect on personal entrepreneurial mindset, creativity, resilience, and their application to managing risk in entrepreneurial contexts.

c) Discuss responsible and sustainable practices, considering the societal and ethical implications of entrepreneurship and technology-driven innovation.

d) Apply innovation frameworks and principles, including Lean Startup and Maker Movement, to evaluate and develop entrepreneurial opportunities.

Student Assessment:

(G) = Group Assessment