Unit of Study BUSN3011 New Venture Creation (2025)

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Unit Snapshot

Unit type

UG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Unit description

Provides students with the insights and skills entrepreneurs require to create new ventures. Introduces the process of identifying new business opportunities and informs how to select a suitable business model, protect key intellectual properties, and adopt an effective organisational structure. The unit concludes with strategies to sustain growth and options to harvest new ventures.

Unit content

Module 1: Introduction to new venture creation

Module 2: Recognising and seizing opportunities

Module 3: Business models for the 21st-century and beyond

Module 4: Knowledge protection and organisation structures

Module 5: Managing growth, crises, and recovery

Module 6: Harvest options and strategies

Availabilities

Location	Domestic	International
Gold Coast	Summer Term Term5	Summer Term Term5
Melbourne	N/A	Summer Term Term5
Online	Summer Term Term5	Summer Term Term5
Papua New Guinea - IBSU Port Moresby	N/A	Term5
Perth	N/A	Summer Term Term5
Sydney	N/A	Summer Term Term5

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

assess and identify opportunities for new venture creation

develop a business model suitable for new ventures

identify intellectual properties of strategic importance to new ventures and ways of protecting them

recommend organisational structures and strategies to manage new ventures' growth and harvest options.

Teaching and assessment

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Short written response	25%
Presentation	50%
Quiz	25%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Short written response	25%
Presentation	50%
Quiz	25%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Short written response	25%
Presentation	50%
Quiz	25%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Short written response	25%
Presentation	50%
Quiz	25%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Short written response	25%
Presentation	50%
Quiz	25%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Short written response	25%
Presentation	50%
Quiz	25%

Prescribed learning resources

Prescribed Texts

No prescribed texts.

Prescribed Resources/Equipment

No prescribed resources/equipment.

Prescribed Texts

Prescribed text information is not currently available.

Prescribed Resources/Equipment

Prescribed resources/equipment information is not currently available.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
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Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

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