New Venture Planning
Gold Coast, Australia
Area of Study
Business, Business Management
Taught In English
Students must have successfully completed 36 Credits of their program prior to undertaking ENFB13-304.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4.5 - 6
Hours & Credits
In this subject, students apply the concepts, tools and practices necessary to identify and evaluate new business ventures. Throughout the semester, students will work in small teams to design and assess the viability of a business opportunity by understanding industry dynamics, market and competitive considerations, customer needs and associated risk factors. This provides students with the opportunity to develop a range of competencies to enhance their personal entrepreneurial capacity.Learning Objectives
- Explain the key entrepreneurial considerations for successfully launching new ventures.
- Apply relevant concepts and tools to develop a new venture feasibility analysis within a group context.
- Determine the key financial and non-financial resources required for new ventures.
- Assess the external environmental factors affecting the proposed new venture to evaluate the associated risks and determine appropriate countermeasures.
- Communicate a new venture proposal verbally and in writing.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.