Business Innovation

In Stage 1 Business Innovation, students begin to develop the knowledge, skills, and understandings to engage in business contexts in the modern world.

In a time when design-led companies outperform other companies, students are immersed in the process of finding and solving customer problems or needs through design thinking and using assumption-based planning tools. Students consider the opportunities and challenges associated with start-up and existing businesses in the modern, connected world. They consider how digital and emerging technologies may present opportunities to enhance business models and analyse the responsibilities and impacts of proposed business models on global and local communities.

This subject would suit students who are interested in starting their own small business.

Learning requirements:

In this subject, students are expected to:

• explore problems and generate possible solutions to meet customer problems or needs using a customer-focused approach
• develop and apply financial awareness and decision-making skills using assumption based planning tools
• respond to and apply business and financial information to develop and communicate business models
• analyse and evaluate the effectiveness of business models
• explore and analyse opportunities presented by digital and emerging technologies in business contexts
• apply communication and collaborative skills in business contexts.

For a semester course, each assessment type should have a weighting of at least 20%.

• Assessment Type 1: Business Skills – Three business skills tasks, one of which is a business model summary.
• Assessment Type 2: Business Pitch– One business pitch.