Handbook home
Business Acumen for Entrepreneurs (MGMT90226)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Email: albieb@unimelb.edu.au
Overview
Availability | Semester 1 |
---|---|
Fees | Look up fees |
Business acumen is the combination of the knowledge and understanding of the operational, resource, financial, and other functions of an enterprise and the ability to make good judgments and sound decisions relating to these in an enterprise context.
This subject provides a thorough understanding and market-focused approach to enterprises, as well as a comprehensive view of an enterprise and its inter-relationships. It will cover:
- Finance Skills
- Reading Profit & Loss Statements and Balance Sheets
- Cash flow management
- Risk management
- Concepts and tools
- Analytic and data skills
- Stakeholder management aspects and approaches
- Mini cases based on different types of enterprises and different situations
Business acumen entails an understanding of how the key drivers of the enterprise relate to each other, work together to produce profitable growth, and relate to the jobs performed by employees. It includes an understanding of company data, including financial statements; of how actions and decisions impact key company measures and the objectives of the company’s leadership; effective communication to employees, managers, executives, and the public. Those with business acumen have an acute perception of the dimensions of enterprise issues, can make sense out of complexity and an uncertain future, are mindful of the implications of a choice for all the affected parties, are decisive, and are flexible if further change is warranted in the future.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- present an enterprise overview to investors, including key assumptions;
- present financial information to investors;
- discuss core financial and commercial processes required by entrepreneurs;
- apply business acumen skills – sound judgement – in review of business cases, and to the pop-up project;
- demonstrate an understanding of how to operate within the legal framework for corporations.
Generic skills
High level of development:
- Problem-solving skills
- Think critically, and organise knowledge
- Creative ways of solving unfamiliar problems
Moderate level of development:
- Adoption of new ideas
- Communication skills
- Presentation skills
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Entry to the Master of Entrepreneurship
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
- Group report of the business assumptions and financial analysis for investors of an entrepreneurial venture (normally in groups of 2-4). Due in Week 5 (20%)
- Two 2000 word individual detailed entrepreneurial case analyses, highlighting key decisions that would be made and rationale (4000 words in total). Due in Week 8 and the exam period (2 x 40%, total 80%)
Last updated: 3 November 2022
Dates & times
- Semester 1
Principal coordinator Albie Brooks Mode of delivery On Campus (Parkville) Contact hours 36 hours Total time commitment 170 hours Teaching period 4 March 2019 to 2 June 2019 Last self-enrol date 15 March 2019 Census date 31 March 2019 Last date to withdraw without fail 10 May 2019 Assessment period ends 28 June 2019 Semester 1 contact information
Email: albieb@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of the prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Entrepreneurship
Last updated: 3 November 2022