| Effective Term: | 2024/05 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Entrepreneurship |
| Unit ID: | BSMAN3004 |
| Credit Points: | 15.00 |
| Prerequisite(s): | Nil |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 080301 |
| Other Change: | |
| Brief description of the Unit |
This course describes the skills, knowledge and values required to develop an understanding of the role and function of the entrepreneur in a range of organisations. Students will use the learning materials to develop an understanding of the principles and foundations of entrepreneurship, the nature and role of entrepreneurial function in a business/organisational context and to learn strategies and tactics that can be used to improve the probability of new venture success. Students will learn the industrial, legal, financial and technical formalities associated with the commencement of new ventures, and develop skills to understand the application of entrepreneurship to a designated industry sector. Students will also learn to apply the principles of entrepreneurship to judge the feasibility of a recognised opportunity, and choose appropriate methodologies to formulate and present a business plan for a new venture |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | | | | | | | Advanced | | |  | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Identify and interpret the role and contexts of entrepreneurial activity in society |
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| K2. | Define entrepreneurial goals and evaluate the boundaries of entrepreneurial action |
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| K3. | Evaluate the critical dimensions of entrepreneurship evaluating why entrepreneurs start new ventures and the assistance needed from external sources in business start-up |
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| K4. | Determine the elements of business development in an entrepreneurial context applying frameworks to business potential. |
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| K5. | Review the criteria and formalities associated with the commencement of new ventures |
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| Skills: |
| S1. | Communicate the entrepreneurial aspects with reference to commercial enterprises, not-for profit organisations, government or individuals. |
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| S2. | Define the critical factors in the formation of a successful entrepreneurial enterprise. |
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| S3. | Appraise entrepreneurial theories to business contexts for the development of a new venture. |
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| S4. | Examine and explain the critical frameworks leading to successful new venture creation. |
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| Application of knowledge and skills: |
| A1. | Investigate and present results from an entrepreneurial context. |
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| A2. | Use initiative and judgment applying frameworks and strategies to formulate and present an entrepreneurial business plan for a new venture. |
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| A3. | Examine the evaluation process in an entrepreneurial context. |
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| A4. | Undertake an assessment task recalling and applying theoretical examples from entrepreneurial scenarios. |
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| Unit Content: |
This course describes the skills, knowledge and values required to develop a foundational understanding of entrepreneurship. It introduces students to the nature and role of the entrepreneur in a range of industry sectors and strategies and tactics that could be used to improve the probability of new venture success. Students will understand the new venture cycle and the entrepreneurial cycle from conception to reality. The course deals with the strategic management   of the entrepreneurial venture and the technical, legal, financial and administrative formalities associated with the commencement of a new venture. |
| Graduate Attributes: |
| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, K3, S1, S2, A1 | Demonstrate understanding of the application of entrepreneurship to a designated industry sector, | Individual research assignment/ Essay/ Report/ Portfolio | 20% - 30% | | 2. | K1, K2, K3, K4, S2, S3, S4 A2, A3 | Develop a business plan for a new venture applying principles of entrepreneurship. | Individual project/ Essay/ Report/ Presentation | 40% - 50% | | 3. | K5, S3, S4 A3, A4 | Test/Final Assessment in which students demonstrate applied understanding of the fundamentals and theories learnt through workshops, learning materials, online discussion and readings. | Test/Final Assessment | 30% - 40% |
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