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Thinking like an Entrepreneur (BUSA90086)
Graduate courseworkPoints: 12.5Not available in 2024
Overview
| Fees | Look up fees |
|---|
This unit provides real‐world, hands‐on learning about what it’s actually like to start a company or carry out an entrepreneurial project in an existing organisation. This is a practical unit, not a theoretical one, and is designed to give students the experience of how to work as a team and turn an idea into reality. Students will talk to prospective customers to see if anyone is really interested in the product or service they intend to develop. Based on the feedback gathered, students will rapidly iterate their ideas to produce a scalable, repeatable business model. The overall intent of the unit is to equip students with a set of skills that will be useful throughout their careers, whether they are working in startups or in existing organisations.
Intended learning outcomes
On completion of this subject, students should be able to:
- Use opportunity generation techniques to develop ideas for new businesses and projects in existingorganisations
- Use the business model canvas framework to describe their ideas and to develop hypotheses about theirbusiness model assumptions
- Test their hypotheses using the techniques of evidence‐based entrepreneurship and refine their businessmodel based on test results
- Develop customer archetypes and carry out customer development and customer validation for aproposed product or project
- Create metrics to measure the success of a product or project and use the metrics to improve the valuebeing created
- Share insights and experiences in an effective, concise, objective, and helpful manner
- Form and manage a self‐organising team to carry out immediate action in environments that are resource‐constrained, particularly with respect to time and money.
Last updated: 30 January 2024
Eligibility and requirements
Prerequisites
All of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| BUSA90001 | Financial Accounting |
September (On Campus - Parkville)
April (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
|
12.5 |
| BUSA90026 | Business Strategy |
April (On Campus - Parkville)
July (On Campus - Parkville)
April (On Campus - Parkville)
January (On Campus - Parkville)
|
12.5 |
| BUSA90060 | Data Analysis |
January (On Campus - Parkville)
July (On Campus - Parkville)
September (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
| BUSA90074 | Global Business Economics | July (On Campus - Parkville) |
12.5 |
| BUSA90093 | Finance |
September (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
| BUSA90193 | Managerial Economics |
September (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
| BUSA90224 | Managing People |
April (On Campus - Parkville)
January (On Campus - Parkville)
September (On Campus - Parkville)
July (On Campus - Parkville)
|
12.5 |
| BUSA90227 | Operations |
April (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
July (On Campus - Parkville)
|
12.5 |
| BUSA90243 | Marketing |
September (On Campus - Parkville)
July (On Campus - Parkville)
January (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
| BUSA90480 | Leadership |
September (On Campus - Parkville)
April (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
April (On Campus - Parkville)
|
6.25 |
| BUSA90481 | Managerial Ethics & Business Environment |
April (On Campus - Parkville)
June (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
6.25 |
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: 30 January 2024
Assessment
| Description | Timing | Percentage |
|---|---|---|
Class participation and preparation | During the teaching period | 20% |
10 x syndicate presentations (weekly)
| Throughout the teaching period | 20% |
10 x customer delivery process written descriptions (weekly)
| Throughout the teaching period | 20% |
Customer discovery process quality as measured by number of customer interviews and quality of business model development (weekly) | Throughout the teaching period | 20% |
Syndicate final project: Presentation (10%) and Slide deck from presentation (10%)
| End of the teaching period | 20% |
Additional details
Last updated: 30 January 2024
Quotas apply to this subject
Dates & times
Not available in 2024
Additional delivery details
This subject is only available to students admitted to MC-BA, MC-BAPT, or students with the permission of the MBA course coordinator
This subject has a quota of 80 students. Students will be selected on a first come, first serve basis. However if any student is approaching their completion date, they will get priority in enrolment.
Last updated: 30 January 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Subject notes
This subject is only available to students admitted to MC-BA, MC-BAPT, or students with the permission of the MBA course coordinator
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Business Administration Course Master of Business Administration Course Master of Business Administration/Master of Marketing Course Master of Food and Packaging Innovation - Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 30 January 2024