ENTREP 3001NA - New Venture Planning

Course Details

Course Code	ENTREP 3001NA
Course	New Venture Planning
Coordinating Unit	Entrepreneurship, Commercialisation & Innov Centre
Term	Quadmester 3
Level	Undergraduate
Location/s	Ngee Ann Academy
Units	3
Contact	Intensive: 36 to 40 hours
Available for Study Abroad and Exchange	Y
Assessment	Individual assignments, group project, journal

Course Staff

Course Coordinator: Dr Gary Hancock

Program Director Contact Details:
Innovation and Entrepreneurship
Name: Gary Hancock
Phone: +61 8 8313 0125

Teaching Staff:
Name: Gerard Reed

Short Bio:
Gerard Reed completed his PhD and doctoral research at ECIC researching innovative screen business practices focusing on the creation of a new venture and its planning, to then document its engagement with the market. Gerard also holds a Master of Entrepreneurship degree from ECIC and a Master of Arts degree from The University of the Arts, London building upon a Bachelor of Arts degree from the University of New South Wales in Australia.

Email: gerard.reed@adelaide.edu.au

Phone: +61 8 8313 7422

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

Singapore timetable

Opening intensive:
Friday 4 August 2017	7pm-10pm	Promising entrepreneurs need a drive to succeed and a thirst for knowledge.
Saturday 5 August 2017	1pm-8pm
Sunday 6 August 2017	9am-4pm

Closing intensive:
Friday 8 September 2017	7pm-10pm	Promising entrepreneurs need a drive to succeed and a thirst for knowledge.
Saturday 9 September 2017	1pm-8pm
Sunday 10 September 2017	9am-4pm

Course Learning Outcomes

On successful completion of this course, students will be able to:

1	Explain how to develop a strategic business plan
2	Develop their own effective strategic business plan
3	Know how to communicate their business plan effectively to financiers and other stakeholders
4	Identify the pros and cons of developing a business plan

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1, 2, 3, 4
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	1, 4
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	1, 2, 3
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	1, 2, 3, 4
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	2, 4

Required Resources

No Text book required.

Students will have access to a comprehensive set of entrepreneurship and business plan readings (and business plan case example):

Due to the structure and nature of the New Venture Planning course the materials will be provided incrementally as the course days
progress.

Participants will be required to make a series of independent investigations that will be augmented with the release of materials appropriate to the modules of the course.

The design of the course is structure to deliver an experience of a new venture planning from a pre-startup position to evolve into the offering to market.

The required resources include visual materials which will be supplied across the intensive days.

Recommended Resources

Printed material provided in class

Harvard referencing guide:
http://www.adelaide.edu.au/writingcentre/referencing_guides/harvardStyleGuide.pdf

Library Resources
The University of Adelaide’s Barr Smith Library provides a range of learning resources including texts, journals, periodicals, magazines, and access to online databases and information services. It also offers a virtual library which is accessible via the University’s website. Access to the Library's electronic resources.

Online Learning

MyUni is the University of Adelaide's online learning environment. It is used to support traditional face-to-face lectures, tutorials and workshops at the University. MyUni provides access to various features including announcements, course materials, discussion boards and assessments for each online course of study.

Learning & Teaching Modes

This course is offered in blended learning mode with the face-to-face component offered as intensives.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

As a guide, a 3 unit course comprises a total of 156 hours work (this includes face-to-face contact, any online components, and self directed study).

Learning Activities Summary

Schedule
Intensive Day	Content	Activities
1	Course overview Introductions Review of the entrepreneurial process in terms of new venture planning Team formation	Review of modules and assessment criteria Activity: Using a discussion question prompt in teams investigate recent peer reviewed articles to select the best five and then create a presention for in-class discussion and critical analysis and evaluation to support your team's position. The presentation will be submitted by the close of the first intensive to be presented the following day.
2	Overview of the business plan and the business planning process Critique of a business plan Discussion of the business plan and its usage	Review of modules and development towards critiquing business plans Activity: Critique of a business plan Activity: Critique of a business plan presentation which will follow the same process of module discussion, peer-reviewed reference gathering and the formulation of a team perspective and point of view.
3	The process of developing a report for the planning of a new venture across the principles and concepts as discussed across the first intensive days	Activity: Team development towards the submission of a report including the discussion and presentation of the lean methodology Activity: Development of a structure towards engaging with the in-class assignment
4	Proofing the concept	In-class assignment Activity: Students are tasked with interpreting an environment that is to be the basis of their concept on augmented reality. Activity: Work will be delivered by a method of timed submissions to the lecturer.
5	Presenting the planning of the new venture	Activity: Work on developing the concept for proofing iteratively Activity: Demonstrations of proofing in-class Activity: Critiquing of concepts (individually) Activity: Prepare questions for other team (as a team)
6	Pitching	Activity: Each course participant should provide a succinct, no longer than three minute presentation, using only a single image or a single word per slide of a PowerPoint slide set.

Small Group Discovery Experience

This course offers opportunity to work in small teams to creatively identify and analyse a business opportunity.

It also requires team critique, whereby, you are asked to analyse and critique the work produced by other student groups. Refer to assesment criteria for further details.

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

An overview of the course assessment appears in the following Table. Details appear in the following section:

#	Assessment	Length	Weighting	Due Date	Learning Outcomes
1	Team Research Report	2000 words	25%	see MyUni	1,4
2	In-Class Assignment	2500 words	30%	see MyUni	2
3	Written Proof of Concept statement	Formatted to Proof of Concept template	25%	see MyUni	3
4	Reflective Learning Log	1000 words	10%	see MyUni	1,2,3,4
5	Class Participation	Throughout course	10%	Ongoing	1,2,3,4

	Total		100%

Assessment Related Requirements

Students should attend all classes in order to pass the course. There is considerable experiential learning in workshops during the intensive classes that build your knowledge and thus enable you to be successful in this course. Course results are subject to moderation by the ECIC Board of Examiners

Assessment Detail

Assessment 1: Team Research Report

Weighting: 25%
Due Dates: 8 September 2017 (by 6pm or prior)

Task:
This assignment task has a number of parts. The first part occurs throughout the intensives, and this leads to a report.

Part 1:
Throughout the first intensive, you will be given a series of topics (across modules of the course). You will be given a specific time constraint (either 30, 60, or 90 minutes) where you will work as a team to research the topic and answer a specific question related to it. At the end of this time, you will have to, as a team, submit your best 5 references you have found, along with a summary response. This summary may change form, and may be a written response, or may be a presentation format (such as PowerPoint slides) which will be described in class.

After all teams have submitted, a discussion session on the topic will commence. In this discussion session, each team will take it in turns to describe a key issue or perspective they have found on the topic, with each team having to explain the materials they found, and why they think it is important to the topic.

This discussion session will be guided by the lecturer whom afterwards will release the official required readings and materials for each of the modules. This process will be repeated a number of times.

Part 2:
After the intensives, you have to create a summary report of the topics discussed. This is a written team assignment that must be submitted by Turnitin. This report will have a particular structure, which will be discussed in class.

Importantly though:
For this task, you are to use only the references you submitted during the intensive. In this way, you must ensure that you maximise your performance during the research time in order to create an effective report.

The word limit for the report is 2,000 words maximum (excluding references and appendices). Guidelines on the report format will be detailed in-class by the lecturer.

Criteria by which your assessment will be marked:

demonstrating an awareness, a clear understanding, and can correctly apply the underpinning concepts, frameworks, models, etc of the contemporary issues in entrepreneurship
level of originality and insight
usage of relevant local and/or international scenarios/studies to validate an argument
evidence of wider reading and effective use of research data to support critical analysis and discussion of the issues and concepts raised
clarity of expression and good use of language
logical planning, structure, and sequence of presenting your findings
overall presentation including correct grammar, spelling, and punctuation
use of the Harvard referencing system, and
use of resources in formulating your report including proper acknowledgement of sources and appropriate use of references.

Assessment 2: In-class Assignment
Weighting: 30%
Submission Details: Via Turnitin link in assessment tab of course homepage

Task:
Scope: The in-class assignment will cover content from the opening intensive. Length and Presentation: Assignment questions will be presented in-class. The duration of the in-class assignment will be 2 hours.

Length and Presentation:
Assignment in the report format of 2,500 words maximum (excluding references and appendices).

Criteria by which your assessment will be marked:

demonstrating an awareness, a clear understanding, and can correctly apply the underpinning concepts, frameworks, models, etc of the contemporary issues in entrepreneurship
level of originality and insight
usage of relevant local and/or international scenarios/studies to validate an argument
evidence of wider reading and effective use of research data to support critical analysis and discussion of the issues and concepts raised
clarity of expression and good use of language
logical planning, structure, and sequence of presenting your findings
overall presentation including correct grammar, spelling, and punctuation.
use of the Harvard referencing system, and
use of resources in formulating your assignments including proper acknowledgment and appropriate use of references

Assessment 3: Written Proof of Concept statement
Weighting: 25%
Submission Details: 24 September 2017 by 11:55pm (local time) via Turnitin link accessed on the course homepage.

Task:
You must create a Proof of Concept planning document for a business idea that you create as a team.

Scope:
The business idea must be conceived using the following criteria and constraints:

The product you create must be some form of Augmented Reality product. However, the product cannot rely on existing computer hardware. You are not permitted to design the product for a smartphone (handphone), tablet, PC, or laptop. Instead you must conceive of a form of computer hardware that is original and your team's creation.

Length and Presentation:
A proof of concept template will be provided and will provide the boundaries of the assignment however the submission should contain all relevant references and be a complete incorporation of your learning from the course (note that submissions should be of an appropriate length and demonstrate a sensitivity to a market audience for the product).

Criteria by which your assessment will be marked:

the ability to succinctly, professionally and enthusiastically present your business plan to the class
students demonstrating an awareness, a clear understanding, and can correctly apply the underpinning concepts, frameworks, models, etc of the contemporary issues in entrepreneurship
the level of originality and insight
the usage of relevant local and/or international scenarios/studies to validate an argument
evidence of wider reading and effective use of research data to support critical analysis and discussion of the issues and concepts raised
clarity of expression and good use of language
logical planning, structure, and sequence of presenting your presentation
Harvard referencing is to be included and should be incorporated appropriately throughout the document.

Assessment 5: Reflective Learning Log
Weighting: 10%
Submission Details: 27 September 2017 by 11:55pm (local time) via Turnitin link in assessment tab of course homepage

Task:

You are to submit a reflective log during this course. The purpose is to reflect upon what you are learning as you develop your business plan with your team: What you have learned, what surprised you, what disappointed you, and any other insights that you gleaned from developing this business plan.

Scope:

The log will include your experiences in conducting primary market research to evaluate the feasibility of the business idea and identify the potential target market as well as development of the nbusiness plan. It will also include the presentation of your business plan, as well as the critique of two other business plans. You are to comment on what you believe your team did well, and what you would do differently in the future.

Length and Presentation:
Maximum 1,000 words

Criteria by which your assessment will be marked:

the ability to operate effectively within a new body of knowledge by addressing relevant areas covered in the course material and relating these to the issues at hand
students demonstrating an awareness, a clear understanding, and can correctly apply the underpinning concepts, frameworks, models, etc of the contemporary issues in entrepreneurship
the level of originality and insight
clarity of expression and good use of language
logical planning, structure, and sequence of presenting your thoughts
overall presentation including correct grammar, spelling, and punctuation,
use of the Harvard referencing system, and
use of resources in formulating your assignments including proper acknowledgment and appropriate use of references.

Assessment 5: Class Participation
Weighting: 10%
Due Date: Participation during both course intensives

Task:
Part of your assessment is based on your participation in the class activities and discussion during the two course intensives.

You will receive a participation grade for your contribution and discussion during the first intensive and second intensive. It is important to demonstrate engagement and active involvment across all elements of the presented and supplied materials.

Scope:
This assignment will assess your understanding of all course topics.

Length and Presentation:
Participation in class activities and discussions.

Criteria by which your assignment will be marked:

Actively participate in the class activities
Participate in class discussions in a manner that is respectful and polite
Engage in the class topics and ask questions
Comments indicate critical thinking, constructive feedback and meaningful inputs to the discussion

Active participation in discussions requires adhering to the following ground rules:

We will respect confidentiality
We will share time equitably to ensure the participation of all
We will keep an open mind and be open to learning
We will not be disrespectful of others even if we do not share their views

Submission

All text based assignments must be submitted via MyUni.
Please refer to step by step instructions: MyUni Learning Centre

There are a few points to note about the submission of assignments:

Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both). Note that assignments may be processed via TURNITIN, which is an online plagiarism prevention tool.
Cover Sheet: Please submit, separate to your assignment, the completed University of Adelaide Assessment Cover Sheet providing details of yourself and your team members (if applicable), your assignment, the course, date submitted, etc. as well as the declaration signed by you that this is your (your team’s) work. Note that the declaration on any electronically submitted assignment will be deemed to have the same authority as a signed declaration.
Backup Copy of Assignments: You are advised to keep a copy of your assignments in case the submitted copy goes missing. Please ensure that all assignment pages are numbered. If your assignment contains confidential information, you should discuss any concerns with the Course Lecturer prior to submission.
Extensions of Time: Any request for an extension of time for the submission of an assignment should be made well before the due date of the assignment to the Course Lecturer. Normally, extensions will only be granted for a maximum of two weeks from the original assignment submission date. Extensions will only be granted in cases of genuine extenuating circumstances and proof, such as a doctor’s certificate, may be required.
Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline may result in penalties and may incur a fail grade. Note that a late penalty of 5% of the total available marks for that assessment item will be incurred each day an assignment is handed in late (Unless otherwise stated in 'Assessment Related Requirements' or 'Assessment Detail' above). Assignments handed in after 14 days from the due submission date will fail even if a 100% mark is granted for the work.

Resubmission & Remarking
Resubmission of an assignment for remarking after reworking it to obtain a better mark will not normally be accepted. Approval for resubmission will only be granted on medical or compassionate grounds.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through Access Adelaide.

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

This section contains links to relevant assessment-related policies and guidelines - all university policies.

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator