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

1. Describe the different stages of the lifecycle of a business and explain the role and interrelated nature of the major business disciplines (entrepreneurship, strategy, marketing, finance, accounting, management & law) required to lead a business through its lifecycle stages.
2. Applying concepts from the major business disciplines, analyse information and make decisions holistically to lead a business through its lifecycle stages.
3. Reflect on the interpersonal skills and processes required to work effectively in a team environment.

Longenecker, J.G., Petty, J.W., Palich, L.E. and Hoy, F. (2022) Small Business Management: Launching and Growing Entrepreneurial Ventures (20th ed.), Cengage, Boston, MA.

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.

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.

1. Lectures (1 hour per week): Overview of topic concepts
2. Workshops (2 hours per week): The workshops provide students with the opportunity to clarify concepts and principles introduced in the lectures. Students should come prepared for each tutorial class. This includes undertaking the prescribed reading and attempting the discussion questions for that topic. In each workshop, there will be opportunities for students to meet up with their allocated team members to work on their Online Business Simulation group assignment.

Over the whole semester, students are expected to devote an average of 12 hours per week to studying this course.

This means that, in addition to watching lectures and attending workshops, you are expected to commit an average of 9 hours per week of private study over the duration of the semester.

Private study will be required to prepare for the intensive classes (reading, preparing responses to workshop questions) as well as for completing assessment tasks

Schedule

Week 1	Introduction and overview of course Assessment requirements Course schedule and expectations TOPIC 1: The business landscape & new venture creation
Week 2	TOPIC 2: Alternative pathways for entry into business
Week 3	TOPIC 3: Strategic planning, business models and business plans
Week 4	TOPIC 4: Developing a marketing plan
Week 5	TOPIC 5: Using accounting information to assess financial performance and position
Week 6	TOPIC 6: Financing the business
Week 7	TOPIC 7: Strategies for growth - products, distribution channels, and International markets
Week 8	TOPIC 8: Leading and managing growth and transitions
Week 9	TOPIC 9: Business law & tax fundamentals
Week 10	TOPIC 10: Maturity and Exit – renewal vs. failure; sale vs. succession
Week 11	Overview of Group Presentation requirements and strategies for effective presentations
Week 12	Group presentations [in workshops]

Assessment Task	Task Type	Length	Weighting	Learning Outcome
Engagement & participation	Indiv.	N/A	10%	1, 2
Weekly Content & Skills Evaluation	Indiv.	20 MCQ per online quiz	20%	1, 2
Individual Reflections	Indiv.	1 x 1,200 word industry research reflection 1 x    700 word course & groupwork reflection	25% 15%	1, 2 1, 2, 3
Mikes Bikes Online Simulation Game	Group	1 -2 hours per week	30%	2

Students should be aware that considerable knowledge and skills will be taught at lectures and tutorials. Therefore, students should attend all classes and view all pre-recorded lectures in order to pass the course.

Course results may be subject to moderation by the Assessment Review Committee.

Engagement & Participation
Your ability to develop your professional potential and business acumen is dependent on your ability to learn. Long-term and holistic learning, the kind that sticks with you, can only be achieved when you fully engage yourself meaningfully in the workshop activities. For each of the assessed workshops (those held in weeks 3 to 12 of the semester), you will be awarded 0, ½ or 1 mark (maximum of 10/10) based on your level of participation and engagement in the workshop.

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Weekly Content & Skills Evaluation
A weekly quiz (consisting of 20 MCQs) that examines both content and skills introduced in the course's 11 topics.

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Individual Reflections
1. Industry research reflection: this reflective assignment will assist you in understanding the four stages of the business lifecycle and the interrelated nature of the different business disciplines required to establish and grow a business successfully. You will be required to select an iconic Australian business from a list of 10 possibilities. You will then research the different stages of this business to understand how the course concepts have played a role in the formation and subsequent lifecycles of their chosen business.

2. Course & groupwork reflection: Working in a team can be a challenge, particularly when working with others who you don’t know or have different values, experiences and interests to you. The purpose of this individual reflective journal is to reflect on (a) what you have learnt about yourself and your role in improving the effectiveness of a team, and how you intend on applying these learnings to future teamwork experiences at university and in your professional career, and (b) by participating in the Mikes Bikes simulation, how concepts covered in this course can assist owners in making decisions holistically to successfully grow a business.  

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Mikes Bikes Online Simulation Game
This online simulation game provides a ‘real-world’ hands-on experience of some of the issues that owners face when managing and growing a small business in a competitive environment. This assessment is undertaken as a group exercise that will run throughout the semester.

All text based assignments must be submitted via MyUni:

• Assignment Submission: Assignments should not be emailed to the instructor; they must be lodged via the MyUni Course site (unless specified to do both).
• Cover Sheet: Please include in the assignment a completed University of Adelaide Assessment Cover Sheet (found in MyUni, under Modules) 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.
• Assessment extensions request: An application for Assessment Extension should be made 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 medical, compassionate or extenuating circumstances. See sections 3 and 7a) i. in particular on assessment extensions in the Modified Arrangements for Coursework Assessment (MACA) Policy.
• Failure to submit: Failure to submit an assignment on time or by the agreed extension deadline will result in penalties calculated as 10% per day. Late submission will only be permitted for up to three days after the deadline. After that point, no further submission will be allowed.
• Resubmission: of an assignment 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.
• Appealing a mark or grade: If you are dissatisfied with your mark or grade, you may request a review or re-mark. There must be academic or procedural reasons for your request, so you can’t simply request a re-mark because you are disappointed with your result. For more information on the process see Assessment Grievance: Appealing a mark or grade