Team project. New Venture ideas and start-up

Due: Weeks 4 to Week 13

Weighting: 50% (30 + 20)

This assessment comes in two parts. First part is the written business report of your new venture project and the second part is the pitch presentation of your business.

Part 1: Written report (Team mark worth 30%)

Written report is due Week 11, 21 May by 9am. Submit through turnitin on our iLearn site.

Your new venture business report is a professional document that presents your business opportunity within a framework that includes business models. These business models should show how value is created, delivered and captured. Your new venture will encompass entrepreneurial creativity in solving a problem and/or identifying gaps that are not filled by the current market. Your entrepreneurial new venture can be a commercial venture to reap financial rewards or a social venture to deliver social good.

All students will join a team. You will remain together in your team for the entire duration of the unit. It is important that you assemble a team of diverse, energetic, creative and vibrant team members. Actively seek diversity. Do not merely look for friends but look at the different skill sets and drive that each team member can bring to your new venture.

By Week 2, your team must be formed and from Week 3 onwards, you should start intensive and creative brainstorming of new venture ideas and feasibility analysis before embarking on business models and all matters that concern the launch of your new venture.

This assessment requires you to submit a preliminary Business Plan/Report. Before final submission of your Business Plan, you will need to present and obtain feedback of your business venture. This will be done over three “milestone” sessions during tutorials.

Submission date is Week 11, 21 May by 9am through turnitin using the link on iLearn. Late reports will incur a 10% penalty per 24-hour period that they are late. Saturday and Sunday each count as one day. Penalty does not apply in cases in which an application for Special Consideration is made and approved. If the revised extended deadline is not met, late penalty applies.

Refer to Assessment guidelines posted on iLearn.

Part 2 Business Pitch Presentation (Individual mark worth 20%)

Due: Week 12 and Week 13

15-minutes per team presentation. Presentation slides must be uploaded on iLearn BEFORE presentation!

Each entrepreneurial team must give a stand-up presentation of its new business venture in a pitch presentation in Week 12 or Week 13. This presentation aims to impress and convince "investors" to invest in your venture. Marks are awarded based on individual presentation even though this assessment is a team business pitch presentation. Strategize and make every effort to capture the confidence and imagination of your audience, your potential investors. Be creative, professional and credible. Each and every team member must be involved in the pitch presentation. 

This is a 15-minutes per team presentation. BEFORE the pitch presentation, you must submit your team’s powerpoint slides on iLearn Discussion Forum. Your powerpoint presentation must not contain more than 12 slides. Penalty applies if powerpoint slides are not uploaded before the pitch presentation. All students must be present in Week 12 and Week 13 tutorials during Pitch presentation. Absence without approved “Special Considerations” will be awarded 0 marks.

Hard copy of New Business Pitch Peer Evaluations must be submitted to your tutor BEFORE presentation.

Refer Assessment Guidelines for details.

Individual Essay with reflective insights

Due: Week 14, Friday 15 June by 9am

Weighting: 50%

Maximum 2000 +/- 10% word limit, excluding references and appendices. Penalty of 10% applies for exceeding word count. Word count must be indicated on the first page of your report.

This assessment requires you to write an essay that must include two sections.

The first section is where you provide an analytical review of entrepreneurs and entrepreneurship. Research this topic and include the many perspectives of studying and understanding the entrepreneurial mindset, characteristics, personality and other environmental factors that influence entrepreneurial behaviour. What is the role and support of family, friends, community (social and business) and government? Source from multiple areas of information such as academic peer-reviewed journals, web links, industry reports, government report, and popular media to support your analysis. All sourced content must be referenced appropriately using Harvard style format.

The second section is a reflective report. Reflective writing encourages you to examine your personal learning and experience about specific situations such as your learning in relation to taking this unit. It helps you to think about how your experience can apply to future projects you might be working on.

All students must submit their Essay with reflections through turnitin using the link on iLearn by Friday June 15, 9am.  No extension will be granted. Late reports will incur a 10% penalty per 24-hour period that they are late. Saturday and Sunday each count as one day. Penalty does not apply in cases in which an application for special consideration is made and approved. If the revised extended deadline is not met, late penalty applies.

Please read the assessment guidelines posted on iLearn for more details.