Student ID No: ___________________

Pages: 4
Questions: 5

UNIVERSITY OF TASMANIA

EXAMINATIONS FOR DEGREES AND DIPLOMAS

December 2022 – January 2023

BMA334 Entrepreneurship and Innovation

(SOU)
First and Only Paper

Ordinary Examination

Examiner: Stuart Crispin

Time Allowed: 24 (TWENTY FOUR) hours

Instructions:

• The exam consists of two sections, Section A and Section B

• Section A consists of one (1) compulsory essay question worth
10 marks.
• Section B consists of four (4) essay questions of which students
should answer three (3). Each question is worth 10 marks.
• Your answers should not exceed 2000 words
• The examination counts for 40% of the marks in the unit
2 BMA334 Entrepreneurship & Innovation

Declaration:

I declare that I recognise that this BMA334 examination is a take-home examination. I

understand the University of Tasmania’s policy on Academic Integrity and agree to the
terms. I also declare that I have not breached Academic Integrity in this examination.

Breaches of academic integrity such as plagiarism, contract cheating, collusion and so on

are counter to the fundamental values of the University. A breach is defined as being
when a student:

a) fails to meet the expectations of academic integrity; or

b) seeks to gain, for themselves or for any other person, any academic advantage or
advancement to which they or that other person is not entitled; or
c) improperly disadvantages any other member of the University community.

Students engaging in any breach of Academic Integrity may be dealt with under the
Student Academic Integrity Ordinance, and this can include the imposition of penalties
that range from a deduction/cancellation of marks to exclusion from a unit or the
University. Details of penalties that can be imposed are available in that Ordinance.

Submitting this examination through MyLO will be taken as certification that you agree
to the terms of Academic Integrity outlined above.

Signed Student: _______________________________

ID Number: _______________________________

Continued…
3 BMA334 Entrepreneurship & Innovation

SECTION A
Students must attempt the one (1) compulsory question from Section A.

Question1

What is meant by open innovation?  Critically evaluate the issues that China-based
entrepreneurs and established Chinese businesses might face in adopting open
innovation in the business development processes? 

[10 marks]

[Section A = 10 marks]

Continued…
4 BMA334 Entrepreneurship & Innovation

SECTION B
Students must answer any THREE (3) of the following FOUR (4) questions. Each
question is worth 10 marks for a total of 30 marks. 

Question 2

Compare and contrast at least six different sources of innovation that might be used by
an organisation.  Use examples to support your answers. 
[10 marks]

Question 3

What is meant by an innovation network, and why it is important in the innovation

process? Critically evaluate at least five different types of innovation networks that may
be formed.  Use examples to support your answers.  
[10 marks]

Question 4

Outline and discuss the stage-gate model of innovation. What are the issues that need to
be considered at each stage?  Use examples to support your answers. 
[10 marks]

Question 5

What is knowledge management, and what are some of the critical challenges an
organisation faces in knowledge management?  Outline and discuss the different types of
knowledge within an organisation? 
[10 marks]

[Section B = 30 marks]

END OF EXAM