BEX5416 Start-up fastrack 2
Faculty of Business and Economics
BEX5416 Start-up fastrack 2 is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 2 at Caulfield. It needs BEX5415.
- Credit points
- 6
- Offered in 2021
- Semester 2
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before BEX5416
Prerequisites
Pass these before you enrol.
After BEX5416
No unit lists BEX5416 as a prerequisite in the 2021 handbook.
Overview
The second part of the start-up fastrack unit is focused on the viability element of innovation. The intention of this unit is to enable you to venture teams to map and showcase their final solution and go-to-market strategy. You will conduct a venture viability analysis to ascertain if the solution is financially sound. The legal component of the unit will arm you with the knowledge to navigate complex regulatory guidelines and policy to ensure your solution is compliant with the law. You will learn how to enhance your entrepreneurial communication skills, enabling you to confidently pitch your solutions to potential investors, and other stakeholders. Additionally, you will develop an understanding of effective strategies in selling and negotiation. The unit also covers fundamental business aspects, operational processes and strategy planning, allowing yous to synthesise your knowledge to successfully build yout new business venture.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop applied capabilities in transforming a nascent venture concept to a commercial reality
- 2
understand the connection between venture business models and profitability
- 3
be able to design and deliver a venture viability analysis
- 4
demonstrate understanding of local and global regulatory requirements
- 5
confidently be able to pitch a value proposition to key stakeholders
- 6
achieve industry-standard proficiency in professional report writing and presentation
- 7
develop transferable skills in collaboration, communication and teamwork
- 8
be resilient in dealing with obstacles, failures and the need to be agile in responding to dynamic forces and events.
Workload and teaching
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit is offered by the Entrepreneurship Portfolio in the Business School and is guided by our four defining values:
Humble excellence
Elevated thinking
Meaningful action
Anchored in community
The core function of the portfolio is to help students develop an entrepreneurial mindset and the capabilities to bring this mindset to life. This means that throughout the unit you will experience ambiguity, moments of chaos and considerable uncertainty as you deep dive into the world of startups, entrepreneurship and innovation. You will be required to spend substantial time outside of class engaging with various stakeholders to help test and validate your ideas and solutions. Each unit within the entrepreneurship portfolio requires you to act, it’s not about sitting in the classroom, coming up with ideas and thinking you’re correct. You will at times be wrong! So, you will need to iterate, adjust and be willing to fail. This is what entrepreneurship is about, it will be hard but incredibly rewarding! If you are not willing to put in the work and give it your best, then this unit is not for you.
Technology Policy
This unit requires your full attention and focus at all times, if you are answering emails, texting, posting or scrolling during lectures and in particular guest presentations you will be asked to leave the class.
Word Limits
You will notice that there are some assessments with no word limits in this unit, this is because the unit is designed to prepare you for the real world. We may provide you with some guidance, but we will not spend time specifying how long a report should be, what font you should use or other bits of information that you, a young professional, need to learn how to judge and decide. Use as many pages/slides/words/pictures that are required to get your insights across in a clear and succinct manner.
Where it fits
BEX5416 is part of 1 area of study in the 2021 handbook.
Contacts
- Chief Examiners
- Professor David Gilbert
Common questions
What are the prerequisites for BEX5416?
You need BEX5415 before you enrol.
When is BEX5416 offered?
In 2021, BEX5416 runs in Semester 2 at Caulfield.
How much work is BEX5416?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX5416 have an exam?
No. BEX5416 has 1 assessment task and no exam.
Which majors and minors include BEX5416?
BEX5416 is part of Entrepreneurship.