Course outline. Code: MGT310 Title: Small Business & New Venture Management

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1 Course outline Code: MGT310 Title: Small Business & New Venture Management Faculty of: Arts and Business School of Business Teaching Session: Semester 1 Year: 2016 Course Coordinator: Dr Gordon Eckhardt Office No: K2.17 Phone No: geckardt@usc.edu.au Consultation Times: As advised on Blackboard 1. What is this course about? 1.1 Course description This course is aimed at providing you with an appreciation of managerial skills necessary to develop, evaluate and manage a small business successfully as well as to evaluate the feasibility of business ideas, appreciate the realities of finding venture capital for business opportunities and prepare business plans for business growth. After an introductory overview of small business in Australia the course is presented in three parts; firstly, the small business development process, secondly, the feasibility and planning stages of the small business, and finally, operational considerations in achieving business success. 1.2 Course content Small business: definitions and characteristics Various options for going into small business Market research and strategy formulation Preparing a small business development plan Sample small business development plan Accessing small business advice and assistance ICT as a business tool Legal Issues Ethics and Social Entrepreneurship Franchising and the Entrepreneur Financing business ventures Financial information and management Marketing International opportunities for small business Location and Distribution Operations management Human Resources Issues in new and small firms Community context of small business

2 Page 2 The family business Managing growth and transition 2. Unit value 12 units 3. How does this course contribute to my learning? Specific Learning Outcomes Assessment Tasks Qualities On successful completion of this course you should be able to: You will be assessed on the learning outcome in task/s: Completing these tasks successfully will contribute to you becoming: Critically apply theoretical concepts to practical scenarios. Demonstrate the capacity to work effectively as part of a team and display effective interpersonal communication skills. Critically apply theoretical concepts and discipline knowledge to practical scenarios. Demonstrate initiative in solving problems competently in the discipline area. Examine the nature and scope of management theory and apply in the development of comprehensive and cohesive management plans and practical solutions. Understand ethical issues within the small business management context. 2 and 3 Creative and critical thinkers 2 and 3 Empowered. 1, 2 and 3 Knowledgeable. 1, 2 and 3 Creative and critical thinkers. 2 and3 Engaged. 2 and 3 Ethical. 4. Am I eligible to enrol in this course? Refer to the Coursework Programs and Awards - Academic Policy for definitions of pre-requisites, corequisites and anti-requisites 4.1 Enrolment restrictions Nil 4.2 Pre-requisites BUS Co-requisites Nil

3 Page Anti-requisites Nil 4.5 Specific assumed prior knowledge and skills It is anticipated that all students will have good written and verbal communication skills. 5. How am I going to be assessed? 5.1 Grading scale Standard High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL) 5.2 Assessment tasks Task Assessment Tasks No. Individual or Group Weighting % What is the duration / length? 1a Tests Individual 20% Refer to schedule on Blackboard 1b Test Individual 20% Refer to schedule on Blackboard 2 Small Business Development Plan Including weekly tutorial business development plan meetings agenda, minutes and action sheets Team meetings 3 Small Business Development Plan - Presentation Group 35% 5% 3,000 words (+ or 10%) When should I submit? Week 5 Week 13 Week 11, Monday, 9am, AEST Group 20% N/A Week 11 - Week % Where should I submit it? Refer instructions and schedule on Blackboard Refer instructions and schedule on Blackboard SafeAssign Hard copy on day of presentation Assessment Task 1a and 1b: Tests Goal: The purpose of this task is to critically apply discipline knowledge in order to demonstrate understanding in small business management. Product: Test Format: This is an individual assessment. You will be required to complete two (2) tests (Please see schedule on Blackboard). Each of the tests will vary in content and may consist of: a recorded radio interview; a letter to the editor; true/false questions; multiple choice questions; short answer; short case study questions. Your lecturer/tutor will provide full details on Blackboard tests will be held in Week 5 and Week 13. Criteria Understanding and application of requisite theoretical frameworks and concepts. Generic skill assessed Skill assessment level

4 Page 4 Problem solving Assessment Task 2: Small Business Development Plan Goal: Product: Format: The purpose of this task is to use collaborative skills to develop specialized business consultancy expertise through group work and enhanced professional business written communication skills. Business plan This is a group assessment - this will be a group mark Your consulting teams are required to consult with your client, analyse and interpret their needs and then communicate written recommendations in the form of a professional small business development plan. Each team will also produce and submit a full set of agendas, minutes and action sheets for each of their business Small Business Development Plan (Please refer to Blackboard for further information) - You are required to provide only ONE (1) COPY of the Small Business Development Plan this must be submitted to Blackboard via SafeAssign. - You are to provide ONE (1) electronic copy of the agenda, minutes and action sheets. Criteria Analysis and interpretation of clients needs Financial / Economic analysis and interpretation Competitive analysis and potential market analysis Appropriate business level communication and presentation in a professional small business development plan Preparation of agenda, minutes and action sheets (NB Refer to full marketing schedule on Blackboard - Strict word limits will be adhered to.) Generic skill assessed Skill assessment level Collaboration Problem solving Assessment Task 3: Small Business Development Plan - Presentation Goal: Product Format Criteria The purpose of this task is to use collaborative skills to develop specialized business consultancy expertise through group work whilst enhancing professional business verbal presentation and communication skills Business plan presentation This is a group assessment this will be a group mark. You will be required to present a 10 minute overview of your group s Small Business Development Plan findings and recommendations, including ethical issues relevant to your client s needs. - A hard copy of the presentation will be presented to the client and examiner at the time of the presentation. NB Detailed criteria can be found on Blackboard and will be discussed in class. critical analysis, research and application of theory to the clients small business situation their business development requirements

5 Page 5 team work and professionalism in terms of consultancy role dress and presentation skills professional and businesslike (personal presentation, voice, eyes, time management) the presentation was logical and well-structured and highly engaging to the audience the presentation demonstrated excellent innovative advice to the client, as well as providing decisively justified recommendations Generic skill assessed Skill assessment level Collaboration Communication 5.3 Additional assessment requirements SafeAssign In order to minimise incidents of plagiarism and collusion, this course may require that some of its assessment tasks are submitted electronically via SafeAssign. This software allows for text comparisons to be made between your submitted assessment item and all other work that SafeAssign has access to. If required, details of how to submit via SafeAssign will be provided on the Blackboard site of the course. Eligibility for Supplementary Assessment Your eligibility for supplementary assessment in a course is dependent of the following conditions applying: a) The final mark is in the percentage range 47% to 49.4% b) The course is graded using the Standard Grading scale c) You have not failed an assessment task in the course due to academic misconduct 5.4 Submission penalties Late submission of assessment tasks will be penalised at the following maximum rate: 5% (of the assessment task s identified value) per day for the first two days from the date identified as the due date for the assessment task. 10% (of the assessment task s identified value) for the third day 20% (of the assessment task s identified value) for the fourth day and subsequent days up to and including seven days from the date identified as the due date for the assessment task. A result of zero is awarded for an assessment task submitted after seven days from the date identified as the due date for the assessment task. Weekdays and weekends are included in the calculation of days late. To request an extension you must contact your course coordinator to negotiate an outcome. 6. How is the course offered? 6.1 Directed study hours On campus Lecture: 2 hours per week On campus Tutorial: 1 hour per week 6.2 Teaching semester/session(s) offered Semester 1

6 Page Course activities Teaching What key concepts/content will I Week / learn? Module What activities will I engage in to learn the concepts/content? Directed Study Independent Study Activities Activities 1 Introduction: Chapter 4 Schaper et. al. (2014) Small business: definitions and characteristics. Chapter 6 Schaper et. al.(2014) Options for going into business. 2 Chapter 7 Schaper et. al. (2014) Market research and strategy formulation. Chapter 8 Schaper et. al (2014) Preparing a Business Development Plan. Chapter 8 Appendix Sample business development plan 3 Chapter 11 Schaper et. al Accessing business advice and assistance. 4 Friday, 25 th March Good Friday Public Holiday Chapter 16 Schaper et. al ICT as a business tool. Chapter 9 Schaper et. al Legal Issues. Chapter 4 Fredrick, Howard, O Connor, Allan & Kuratko, Donald F., (2013), Entrepreneurship: Theory / Process / Practice, 3rd ed. (ereading), Chapter 4 p.113 p.150 Ethics and Social Entrepreneurship Chapter 4 RQ 2, 3 & 5; DQ 2, 3 & 4 Chapter 6 RQ 1, 3 & 5. DQ 1, 2 & 3; EX 1. Chapter 7 RQ 1, 2 & 3; DQ 1, 3 & 4. Chapter 8 RQ 1, 2 & 3; DQ 1, 3 & 4. Chapter 11 RQ 1, 2, 3 & 4; DQ 1, 2, 3 & 4 Chapter 16 RQ 1, 2, 3 4 & 5; DQ 1, 2, 3, 4 & 5. Chapter 9 RQ 1, 2, 3, 4 & 5; DQ 1, 2, 3 & 4. Ch 4 Fredrick, O Connor & Kuratko, (2013) 3 rd ed (ereading) Q 1, 3, 6, 8, 10 & 13.

7 Page 7 Mid Semester Break 5 Chapter 6 Scarborough, Norman, M., (2014). Essentials of Entrepreneurship and Small Business Management, 7 th Global ed., (ereading), p Franchising and the Entrepreneur. 6 Chapter 10 Schaper et. al Financing business ventures. Chapter 15 Schaper et. al Financial information and management. 7 Chapter 12 Schaper et. al Marketing. 8 Monday, 25 th April Anzac Day Public Holiday 9 Monday, 2 nd May Labour Day Public Holiday Chapter 15 Hodgetts & Kuratko 11 th ed. (ereading) P International opportunities for small business. Chapter 6 Ryan, J. & Hiduke, G. (ereading) Location and Distribution p Chapter 13 Schaper et. al Operations management. Chapter 14 Schaper et. al Human Resource Issues in new and small firms. Chapter 5 Schaper et. al Community context of small business. Ch 6 Scarborough, (ereading) p DQ 1, 3, 4, 6 & 9. Chapter 10 RQ 1, 2 & 3; DQ 1, 2 & 3. Chapter 15 RQ 1, 2, 3, 4 & 5; DQ 3 & 4. Chapter 12 RQ 1, 2 & 3; DQ 1, 2 & 3; EX 1 & 2. Ch 15 Hodgetts & Kuratko 11 th ed. (ereading) P R & D Q1, 2, 3, 5,7. Chapter 6 Ryan, J. & Hiduke, G. (ereading) Location and Distribution p Learning Objectives Chapter 13 RQ 1, 3 & 4; DQ 2 & 3. Chapter 14 RQ 1, 2, 4 & 5; DQ 1 & 2. Chapter 5 RQ 1, 3, 4, & 5. DQ 1, 2 & 3

8 Page 8 10 Chapter 5 Longenecker, Moore, Petty and Palich 14 th ed (ereading) The Family Business. Chapter 17 Schaper et. al Managing growth and transition. 11 In class presentations of Small Business Development Plan 12 In class presentations of Small Business Development Plan 13 In Lecture Test Topics 5-10 Please note that the course activities may be subject to variation. Ch 5 Longenecker, Moore, Petty and Palich 14 th ed (ereading) DQ 1, 3, 5, 7. Chapter 17 RQ 1, 3 & 4 DQ 1, 3 & 4. LEGEND: Homework RQ = review question DQ = discussion question EX = exercise Learning/Teaching Activities For all tutorials: Tutorial discussion will relate to learning and teaching materials provided below - please be sure that you have answered the questions and read the chapters to be discussed for application to your small business development plan - tutorial team 7. What resources do I need to undertake this course? 7.1 Prescribed text(s) Please note that you need to have regular access to the resource(s) listed below: Author Year Title Publisher Schaper, M., Volery, T., Weber, P. & Gibson, K Entrepreneurship and Small Business: 4 th Asia-Pacific Edition John Wiley & Sons Australia Ltd., Milton. 7.2 Required and recommended readings Lists of required and recommended readings may be found for this course on its Blackboard site. These materials/readings will assist you in preparing for tutorials and assignments, and will provide further information regarding particular aspects of your course. 7.3 Specific requirements You must have good written and verbal communications skills 7.4 Risk management There is minimal health and safety risk in this course. It is your responsibility to familiarise yourself with the Health and Safety policies and procedures applicable within campus areas.

9 Page 9 8. How can I obtain help with my studies? In the first instance you should contact your tutor, then the Course Coordinator. Student Life and Learning provides additional assistance to all students through Peer Advisors and Academic Skills Advisors. You can drop in or book an appointment. To book: Tel: or StudentLifeandLearning@usc.edu.au 9. Links to relevant University policies and procedures For more information on Academic Learning & Teaching categories including: Assessment: Courses and Coursework Programs Review of Assessment and Final Grades Supplementary Assessment Administration of Central Examinations Deferred Examinations Student Academic Misconduct Students with a Disability Faculty specific information Locating journal articles If you have been notified that the journal articles in this course are available on e-reserve, use the on-line library catalogue to find them. For journal articles not on e-reserve, click on the "Journals and Newspapers" link on the Library Homepage. Enter the journal title e.g. History Australia, then search for the volume and issue or keyword as needed. Assignment cover sheets The Faculty of Arts and Business assignment cover sheet can be found on Blackboard or on the USC Portal at: Faculty of Arts and Business (Students) > Forms. It must be completed in full identifying student name, assignment topic, tutor and tutorial time. This must be attached securely to the front of each assessment item prior to submission. Claims of loss of assignments will not be considered unless supported by a receipt. Help: If you are experiencing problems with your studies or academic work, consult your tutor in the first instance or the Course Coordinator as quickly as possible. Difficulties: If you are experiencing difficulties relating to teaching and assessment you should approach your tutor in the first instance. If not satisfied after that you should approach in order your Course Coordinator, Coordinator Leader then Head of School. General enquires Student Central - Building C Tel: Fax: Studentcentral@usc.edu.au