Unit name | New Venture Creation |
---|---|
Unit code | INOV30004 |
Credit points | 10 |
Level of study | H/6 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Professor. Tom Ellson |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
None |
School/department | Centre for Innovation |
Faculty | Faculty of Arts |
This unit will explain how to set up a new venture, including both commercial entities and social enterprises. It will examine what areas need to be investigated to support the development of a successful and sustainable business model.
The curriculum will develop knowledge in two key areas: internal operating considerations and the impact of the external environment. Analysis of these areas will be used to translate concepts and ideas into attractive and feasible ventures.
In this context, the unit develops students’ understanding of the entrepreneur role, demonstrate a sequence of steps that entrepreneurs undertake, introduce a number of concepts such as risk-taking and the development of robust business plans.
At the end of the unit, it is expected that students will be able to:
10 x 2-hour seminars
The unit will be assessed by (i) an individual 2000 – word essay worth 40% critiquing enterprise/new venture creation methodology or trends and (ii) a business model creation and presentation in groups worth 60% (which will include peer assessment).
The essay intends to assess the application and evaluation of different tools and techniques for the development of new ventures (ILOs 1 & 3).
The group exercise intends to give a holistic view of being an entrepreneur and its context while at the same time develop teamwork and leadership skills (ILOs 1, 2, 3 & 4).