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Unit of Study

New Business Opportunities and Startups
UoS Code IBUS6011
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites None
Corequisites
Prohibitions IBUS5011 or WORK6112
Assumed Knowledge IBUS5002, or completion of at least 24 credit points
Additional Information
Lectures 1x 3 hr lecture/seminar per week for classes
Assessment Business opportunity and strategy design assignment (35%), start up financials (15%), group business plan (20%), presentation (25%), peer review (5%)
Description For small open economies such as Australia's, new business opportunity identification and exploitation are often critical to firms' long-term growth and survival. Identifying new markets, developing new products and implementing new business models are highly-regarded and valuable skills for entrepreneurs and business managers alike. In addition to exploring the special problems (and advantages) associated with entrepreneurial start-ups, the unit explores commercialisation and corporate venturing. Topics include opportunity recognition, strategy development, business planning and investor documentation, venture capital and other funding sources, as well as entrepreneurial and creative leadership. The unit is structured around learning from engaged practice, and requires students to work with startup and early stage businesses.