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New Venture Creation: Initiation (MGMT90230)
Graduate courseworkPoints: 12.5Not available in 2022
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
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Overview
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The purpose of this subject is to lay the foundations of launching a viable entrepreneurial venture based on modern entrepreneurship theory and practice. The subject includes the provision of tools and methods to assist in market ideation and opportunity identification. First, all students learn ideation and opportunity identification through case studies. Next, students will translate their ideas into an initial proposal and develop testable entrepreneurial hypotheses. While doing so, students will recapitulate learnings from Prerequisites. At the end of the subject term, students will produce a pitch document and give a presentation.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Create a usable entrepreneur venture concept
- Analyse business environment to create and refine business models
- Critically apply and evaluate lean start-up and design thinking methodologies
- Demonstrate team collaboration skills in the generation of an entrepreneurial product
- Demonstrate skills in pitching entrepreneurial ideas to the investor community
Generic skills
High level of development:
- Develop problem-solving skills through exercises
- Think critically, and organise knowledge, from consideration of the lecture material and development of business canvas
- Develop creative ways of solving unfamiliar problems, through the exercises
Moderate level of development:
- Learn to adopt new ideas, from participation in the lecture program
- Plan effective work schedules, to meet the regular deadlines for submission of assessable work
Some level of development:
- Present an argument, by reflecting on those presented in the lecture series and readings
Last updated: 9 April 2024
Eligibility and requirements
Prerequisites
Admission into one of the following:
- MC-ENTRPSP Master of Entrepreneurship
- MC-ETRENH Master of Entrepreneurship (Enhanced)
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: 9 April 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Individual case analysis
| Week 6 | 30% |
Project proposal (groups of 3-4), 3000 words per student
| Week 11 | 60% |
Group presentation (groups of 3-4)
| Week 12 | 10% |
Last updated: 9 April 2024
Dates & times
Not available in 2022
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 9 April 2024
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: 9 April 2024