Course Title: New Venture Creation

Part A: Course Overview

Course Title: New Venture Creation

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


630H Management


Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 1 2008,
Sem 2 2009,
Sem 2 2010,
Sem 2 2011,
Sem 2 2012,
Sem 2 2013,
Sem 2 2014,
Sem 2 2015,
Sem 2 2016,
Sem 2 2017


RMIT University Vietnam


630H Management


Viet3 2016

Course Coordinator: Professor Pia Arenius

Course Coordinator Phone: +61 3 9925 5142

Course Coordinator Email:

Course Coordinator Location: 80.09.84

Course Coordinator Availability: By appointment

Pre-requisite Courses and Assumed Knowledge and Capabilities

This is the capstone course in the Entrepreneurship Major and this course should be only undertaken by students majoring in Entrepreneurship. If you are not enrolled in Entrepreneurship Major, you are advised to enrol in either BUSM1311 The Entrepreneurial Process or BUSM4052 Applied Entrepreneurship. If you have any questions or doubts about whether you should enrol or not in this course, please contact the course coordinator. 

Course Description

This Capstone Course synthesises, applies and builds on foundational concepts of the Bachelor of Business (Entrepreneurship). You will be exposed to design-driven approaches to enterprise creation and development that empathetically places people at the centre of value creation. You will be exposed to real world, contemporary mindsets that foster meaningful impact and also learn to use creative and innovative tools and methodologies that drive such outcomes. This facilitated learning experience will require you to bring to life a desirable, feasible and viable concept in a business environment either individually or in a project based setting, as designated. As part of your learning experience in this course, you will undertake self-directed learning and action guided by experienced mentors that will require you to process and critically analyse feedback in achieving the course learning outcomes.


This course includes a Work Integrated Learning experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience.


Objectives/Learning Outcomes/Capability Development


On successful completion of this course you will be able to:

CLO1: Understand what is required in conceptualising, testing, designing and prototyping a desirable, feasible and viable new product or service.

CLO2: Assess and shape opportunities whilst managing inevitable trade-offs that occur when resources are limited.

CLO3: Establish networks and foster relationships.

CLO4: Clearly communicate and ‘sell’ the value proposition of your enterprise to key stakeholders.

CLO5: Demonstrate creative, innovative and entrepreneurial mindsets and capabilities by developing viable new products or services.

CLO6: Undertake evidence-based, critical decision-making whilst operating in fast-paced and often stressful environments characterised by short time cycles.


Overview of Learning Activities

In this course you will be encouraged to be an active learner who embraces ownership of their learning experience. Your learning will be supported through a blended approach of in-class and online delivery modes comprising individual and group work. This includes workshops, peer-to-peer learning, critical problem solving, engaging with end-users and customers, building networks, delivering ‘live’ presentations to industry partners, producing precise and succinct reports and collaborating with external subject matter experts on set tasks or projects.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on theRMIT Library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.

Overview of Assessment

Assessment Task 1: 30% 
Linked CLOs: 1, 3, 4, 5

Assessment Task 2: 30%
Linked CLOs: 1, 4, 5

Assessment Task 3: 40%
Linked CLOs: 1, 2, 4, 5, 6

The assessment alignment table shows the assessment tasks against the learning outcomes the students develop.