Entrepreneurship and New Venture Planning introduces students to the process of identifying new business opportunities, researching and writing a business plan around those opportunities. The students also make an oral presentation of their business plan to an examiners panel – representing hypothetical investors. The students also prepare a personal learning report which reviews how the course has added to their understanding of general management issues. The course gives students practice in managing a group project over an extended timeframe and requires them to draw on all of the core disciplines of management – new concept development, marketing, financing, organisational development and strategy. In this way, the course integrates the learning delivered in specialised courses on these and other management disciplines. The course commences with a series of classroom lectures on principals and processes in opportunity identification, entrepreneurship and business planning. The lectures are reinforced with progress workshops where the students review the work they are doing on their plans with a College mentor.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
MGMT7184 is the first part of the two-course capstone sequence for the Master of Business Administration (MBA). The second part is MGMT8242 Integrated Business Project Part B. Upon successful completion of the requirements for these two courses, students will be able to:
- apply the skills and knowledge acquired through the MBA to practical management tasks;
- develop a comprehensive business plan for a new initiative, whether an entrepreneurial start-up venture or a new business initiative within an established corporation;
- work in multidisciplinary, cross-cultural teams, applying critical thinking and problem solving skills to business dilemmas, negotiating, communicating and contributing to the development of a substantial shared project; and,
- explain and illustrate the interrelation between external market opportunities, internal capabilities and corporate dynamics.
Other Information
This course is a prerequisite for MGMT8242 - Integrating Business Project (Part B): Application.
See the course outline on the College courses page. Outlines are uploaded as they become available.
Indicative Assessment
- Group project (Total 65%)
- Write-up of team project scope (business concept) 5%
- Progress report / workshop 5%
- Complete written draft of group project report (business plan) 5%
- Final group project report (business plan) 40%
- Presentation of group project proposal to panel 10%
- Individual assessment (Total 35%)
- Critique of sample business plan 5%
- Peer feedback on group participation 10%
- Personal learning report 20%
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
3-hour per week plus project team meetings
Requisite and Incompatibility
Fees
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- 3
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2016 | $3660 |
- International fee paying students
| Year | Fee |
|---|---|
| 2016 | $4878 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
