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Unit of Study

New Business Opportunities and Startups
UoS Code IBUS6011
Credit points 6
Offered Semester 1
Prerequisites None
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%), business plan assignment and presentation (50%)
Description Being able to identify and exploit new business opportunities is critical to all sizes of businesses. Identifying new markets, developing new products and implementing new business models are highly-regarded and valuable skills for entrepreneurs and business managers alike. This unit is structured around learning from engaged practice in order to explore the special problems and opportunities associated with entrepreneurial start-ups. Students engage with start up and early stage businesses to deliver a plan to help them become profitable. Topics include opportunity recognition, strategy development, business model design, customer acquisition and retention, financial model development, as well as entrepreneurial and creative leadership.