成人大片

Course Coordinator: Dr Gary Hancock
Email: gary.hancock@adelaide.edu.au
Phone: +61 8 8313 0125

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Teaching Staff:

Summer School

Dr. Hermina Burnett

Short Bio:
Dr. Hermina Burnett was born in the Netherlands, but has lived in Australia for over twenty five years. She arrived in Australia as a primary school teacher, but instead of continuing her career, she joined the ‘migrant dream’ by founding and operating four successful commercial companies.

Because of her interest in other start-up entrepreneurs like herself and (Not-for-profit) Entrepreneurship in general, Hermina developed a federally funded Not-for-profit ‘Business Incubation’ program for the Northern Metropolitan Region of Melbourne and worked as the general manager of New Business Development Services. This service provided a range of networking events, seminars, counselling and mentoring programs to more than 300 start-up entrepreneurs in their first three years of operation.

Hermina returned to university to undertake an MBA followed by a PhD to further develop and teach Entrepreneurship & Innovation courses at undergraduate and postgraduate levels in Australia and overseas.

Based on her different experiences in for profit and not-for-profit Entrepreneurship practice, teaching and research, her interests and research papers are in Business Incubation, Social Entrepreneurship and Entrepreneurship Education.

Hermina holds a BEd, a Post Grad.Cert in Teaching & Learning Higher Ed, an MBA and a PhD.

Email: hermina.burnett@adelaide.edu.au

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Semester 2:

Rajeev Kamineni

Short Bio:
Rajeev has leadership and management skills in senior roles in higher education and entertainment industry. He is a dynamic, mature, self-starter with outstanding communication and people skills. Rajeev is an Australian citizen with 25 years of experience of which 10 years has been in senior management. He has successfully established 2 start-ups including leading a media company to public listing. He has a unique blend of international experience with teaching, film, sports, and student recruitment experience across several international markets including Australia, Singapore, Malaysia, India, Middle East and South Africa.

Email: rajeev.kamineni@adelaide.edu.au
Phone: +61 8 8313 7422

Class no: 92012
Monday       23rd January 9am - 6pm
Tuesday      24th January 9am - 6pm
Wednesday  25th January 9 am - 6pm
Thursday   26th January NO CLASS (Australia day)
Friday         27th January 9am - 6pm

Nexus 10, UB34 Teaching Room

Exam date: Monday, 30th January 2017
                   3pm to 5pm
                   Nexus10 UB35 Teaching Room

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

1	identify entrepreneurship theory and principles, especially in the context of assessment of new ventures as distinct to traditional business
2	conduct detailed market research (primary and secondary) and become familiar with external and internal environmental scanning techniques
3	articulate a new venture investment proposition and communicate ideas and concepts effectively
4	build an assessment process for a new opportunity or venture to determine its viability and sustainability
5	develop and use appropriate assessment frameworks for different new ventures and present these to fellow students and industry
6	identify the areas of risk and ethical dilemmas in research commercialisation and/or in introducing new technologies or other innovations into a market

Text book:

Fredrick, Howard, O'Connor, Allan and Kuratko, Donald F. (2016).
Entrepreneurship: Theory, Process and Practice,
4th Edition. Cengage Learning.
ISBN-13: 9780170352550

A comprehensive list of readings will be available on MyUni

Candidates may also benefit by consulting the following text:

Timmons, Jeffry A., Gillin, L. M., Burshtein, S., and Spinelli, Stephen Jr. (2010).New Venture Creation: Entrepreneurship for the 21st Century – A Pacific Rim Perspective, 1st Edition. McGraw-Hill Irwin.

Library Resources
The 成人大片’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. .

is the 成人大片'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.

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

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).

This is a draft schedule and session dates are a guide only. The timetable may be changed during the course delivery if necessary.

	Content	Preparation / Activities
	DAY 1	Introduction
Topic 1	Introduction - Overview of course and outline of syllabus, assignments and assessment - Confidentiality and personal backgrounds - My Uni Tools Entrepreneurship/Opportunity/Assessment -the core ofentrepreneurial activity	Frederick, O’Connor and Kuratko 2016, Ch 6, 9. Supplemental Timmons, Jeffry A. & Spinelli, Stephen c2009, 'Ch. 3
Topic 2	The Opportunity Landscape - Scanning for opportunities - Opportunity and innovation - Entrepreneurial thinking and behaviour - The power of creativity Visionary thinking - building future scenarios	Frederick, O’Connor and Kuratko 2016, Ch 2, 9. Supplemental: Canton, James 2007 Tanner, David c1997
Topic 3	Exercise - Exploring Opportunity Concepts - Group activity - Guidelines for individual presentation - Knowing your audience Overview of the elements of an opportunity screen
Topic 4	Value Proposition and compelling need - Problem definition - Creating Value Communicating the need	Solomon 2002, Ch 4
	DAY 2	Exploring Opportunity
Topic 5	Identifying/Assessing the customer - Needs and wants - Customer identification and segmentation - Customer motivations	Frederick, O’Connor and Kuratko 2016, Ch10 Supplemental: Lehman & Winer 2005, Ch5 Kaplan & Warren, 2009 Ch 4
Topic 6	Right time, right place? - Market analysis - Environment analysis: The importance and impact of environmental factors - Dources of opportunities - Life cycle analysis	Rice et al 2010, Ch3 Schaper & Volery 2004, Ch3
Topic 7	Industry and Market Dynamics -Channels to market - Industry value chain analysis and profitability - Channel power and five forces analysis	Frederick, O’Connor and Kuratko 2016, Ch 9 Supplemental: Porter, 1979 Rice et al 2010, Ch 3
	DAY 3	Assessing sustainability
Topic 8	Competitor Analysis - Who are your competitors? - Category mapping exercise - Competitive position	Frederick, O’Connor and Kuratko 2016, Ch 9 Supplemental: Aaker, David A. c2001 D'Aveni, Richard A. 2007
Topic 9	Sustaining of New Ventures - Thinking about Exit - Resource based view - Internal value chain and other logics	Frederick, O’Connor and Kuratko 2016, Ch 3, 11 Supplemental: Dollinger 2003 Ch2 Afuah 2003 Ch 3
Topic 10	Concept presentations - Individual presentations - Pitching concepts review and discussion
Topic 11	Internal Sustainability - Vision - Mission - Value and Principles - Business Ethics Exercise	Frederick, O’Connor and Kuratko 2016, Ch 3 Supplemental: Wickham 2006, Ch18
	DAY 4	Operational Assessment
Topic 12	Assessing the Entrepreneur and the Team - Capabilities and constraints - Personal objectives - Management team - Identifying gaps and building teams	Frederick, O’Connor and Kuratko 2016, Ch 2 Supplemental: Kuemmerle 2002. Harper 2008 Williams, Alan 1999
Topic 13	Assessing Strategy - The business model - Acquiring resources - Entry strategy and failing fast - Building resilience	Frederick, O’Connor and Kuratko 2016, Ch 11 Supplemental: Sull 2004 Morris, Schindehutte and Allen 2005
Topic 14	Risk (Can the risks be managed?) - SWOT analysis - Risk Management principles - Fatal flaws - Building resilience	Frederick, O’Connor and Kuratko 2016, Ch 2, 5, 16 Supplemental: English 2006, Ch 5
Topic 15	Assessing Finance   - Acquiring resources - Managing cash - Start-up resources - Set-up costs - Fixed and variable ongoing costs - Break-even analysis	Frederick, O’Connor and Kuratko 2016, Ch 5, 14
Topic 16	Examination	See MyUni

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

#	Assessment	Length	Weighting	Learning Outcomes
1	Concept proposal and Executive Summary (Individual)	1-2 minutes, 500-750 words (2 pages)	10% (5% Oral presentation & 5% Executive summary)	1,2
2	Opportunity Assessment Plan (Individual)	Max 2000 words (6 pages)	30%	4,5,6
3	Opportunity Assessment Frameworks project and presentation (Group)	Max. 3500 words (10 Pages)	30% (10% Oral presentation & 20% written report)	1,3,4
4	Exam (Individual)	2 hour	30%	3,4,5
	Total		100%

It is expected that assignments will be typed, using word processing software such as Microsoft Word. Submit your assignments as per the instructions in the following section.

Font 12, Line spacing of 1.5 lines. If software other than Microsoft Word is used, the file format must be one that can be read using Word, such as .doc or .rtf (rich text format).

Please note: PDF (Acrobat) format is not acceptable unless accompanied by an editable Microsoft Word document or similar.

All assignments may be scrutinised using Turn-It-In as per University policy.

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 1: An Opportunity Concept (Individual)
Weighting: 10% (5% Oral Proposal and 5% Executive Summary)  
Submission Details: Executive Summary through MyUni, Oral presentation in class

Task:
This assignment comprises a one-minute oral presentation (pitch) of a proposal to seek permission to explore an opportunity concept and prepare a short Executive Summary of the opportunity.

This is your chance to attract team members for assignment three and showcase your skills and abilities. The opportunity could be from your workplace, be known to you through family or friends, or be a new venture. As a minimum your presentation and summary should include the following:

1. A description of the product or service including value proposition
2. Identification of the potential customers and/or end-users and competition
3. A description of the market in terms of life cycle theory (right time, right place?)
4. What type of funding is required and how you are going to get this funding
5. ROI
6. Risks involved for you and investors
7. Any supporting evidence that the opportunity is real and exists

The pitch will allow up to an additional 5 minutes for question time.

Your Executive Summary should address at least all the points included in your presentation and further include an outline of the tasks to be undertaken to complete the opportunity assessment. Depth and detail is not the objective of this assignment rather it is concerned with your ability to structure and present a persuasive and compelling case.

Length and Presentation:
The Executive Summary no more than 750 words (2 pages). 12 point font, 1.5 spacing
Oral presentation – one minute with up to 5 minutes for questions.

Criteria by which your assessment will be marked:
The oral presentation will be assessed against the following criteria:
• Engagement with the audience
• Extent of preparation
• The structure of the pitch and executive summary
• The professionalism of the presentation, and
• The persuasiveness of your argument

The executive summary will include an assessment of the extent to which the key content areas are covered succinctly and accurately.



Assessment 2: Opportunity Assessment Project (Group)
Weighting: 30%

Task:
For start-up entrepreneurs looking to raise capital for their new venture early-stage investors such as Venture Capitalists (VC) and Business Angels can be awfully hard to find, and when you do find them, it's even tougher to get investment dollars out of them. It is equally difficult to get a bank loan or to find crowd funding as external investors are taking on serious risk; new ventures frequently have little or no sales in the beginning and the founders often lack business experience.

Based on desk research and possible interviews with knowledgeable people develop four different opportunity assessment frameworks (team size depending) with your team (max. 4 members) for the following four opportunities.
1. Develop an opportunity assessment framework that can be used through Crowd funding to assess a small team of artists who want to start a cooperative selling art made by unemployed young people.

2. Develop an opportunity assessment framework that can be used by a Bank Manager to assess a start-up entrepreneur wants to set up a rooftop bar in Adelaide.

3. Develop an opportunity assessment framework that can be used by a Business Angel to assess two university students who want to set up a 24/7 fitness center.

4. Develop an opportunity assessment framework that can be used by a Venture Capitalist firm to assess a small team of start-up entrepreneurs who want to set up a business specialising in software tools for online retail businesses.

By using existing or self-developed assessment frameworks, you need to draw together, justify and demonstrate the value of the four different funding perspectives:
1. Crowd funding
2. Entrepreneurs themselves (equity funding or via bank loans)
3. Angel investors and
4. Venture Capital investors.
An example of one framework is the Timmons Quickscreen, which will be discussed in class. Conclude your team assignment by recommending and proposing your chosen or developed assessment frameworks and argue how and why they need to differ.

Length and Presentation:
3500 words (10 pages)
Reports are to be posted to the MyUni grade centre. The body of the report should not exceed 3500 words; however, appendices may be used for supporting documents or demonstration of analysis to the extent that is appropriate.

The report should be submitted as an electronic version in WORD. No report will be accepted in Adobe Portable Document Files (pdf) (they cannot be electronically marked).

Criteria by which your assignment will be marked:
The standards by which the assignment will be assessed include:
• Ability to find, access and interpret available literature
• Ability to recognise important aspects of concept validation
• Ability to present principles in a succinct and usable format
• Completeness and coverage of the Opportunity Assessment Framework report



Assessment 3: Opportunity Assessment (Individual)
Weighting: 30%

Task:
Prepare an Opportunity Assessment plan that outlines the possibilities of a technology or business concept of your own choice. Make your recommendations clear and base these on clearly articulated conclusions drawn from your opportunity assessment investigations and analysis.

This Opportunity Assessment Project is NOT a business plan or a feasibility plan.

It should focus on the opportunity assessment frameworks discussed in class and not the whole venture It should be focussed on the decision on whether to act on an opportunity or wait until another, better opportunity comes along. There are two possible outcomes:

1. Yes, this appears to be a feasible and sustainable opportunity. The report should fully outline the reasons and rationale for this assessment to the reader of the report. Your report should further recommend what actions are next required to capitalise on the opportunity.
2. No, this is not a sustainable opportunity. The report should fully outline the reasons and rationale for this assessment to the reader of the report. In this case, the report should suggest a course of action in response to the rejected opportunity.
3. Consider using the Opportunity frameworks and tools developed and presented in the course.

Length and Presentation:
2000 words (6 pages for body) 12 point font, spacing 1.5
The body of the report should not exceed 2000 words; however, appendices may be used for supporting documents or analysis to the extent that is appropriate. The report should be submitted as an electronic version in WORD. No report will be accepted in Adobe Portable Document Files (pdf) (they cannot be electronically marked).

Criteria by which your assessment will be marked:
• Ability to find, access and interpret available literature relating to opportunity assessment
• Ability to apply the assessment principles presented in the course
• Originality and ability to present your findings in a clear succinct manner
• Ability to draw sound conclusions from your investigation
• Ability to make clear recommendations based on the analysis and conclusions
• The inclusion of external data
• The inclusion of additional research
• The extent to which assumptions have been validated.
• Succinctness and businesslike presentation



Assessment 4: Exam (Individual)
Weighting: 30%
Submission Details: 2-hour in class exam

Task:
You will be expected to complete a combination of short answer and essay type questions for this exam. Questions will be designed to test your knowledge of topics relevant to this course. You can expect the exam to cover between four and eight of the following topic areas:
• Defining opportunity
• Value proposition
• Entrepreneurial thinking
• Innovation and the opportunity landscape
• Environmental analysis
• Market analysis
• Identification of customer, value proposition and compelling need to buy
• Internal analysis
• Competitive analysis
• Issues of sustainable competitive advantage
• Financial analysis, cash projections and break-even analysis
• Entrepreneur and team, networks and advisors
• Risk identification and what to do about potential risks
• Exit strategy and ROI

Length and Presentation:
Completed on paper in the timeframe of the exam (two hours). Worksheets will be provided as relevant.

Criteria by which your assessment will be marked:
• Depth of your knowledge of the selected topic areas
• The extent to which you are able to relate analytical tools to the opportunity assessment task
• Your understanding of risk relative to commercial opportunities in terms of markets and/or technology
• Your ability to frame opportunity within the context of feasibility and sustainability
• Clarity of written expression
• Succinct presentation of ideas and concepts

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

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 成人大片 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.