Course Title: Investigate micro business opportunities

Part B: Course Detail

Teaching Period: Term1 2017

Course Code: BUSM8788C

Course Title: Investigate micro business opportunities

School: 345T Media and Communication

Campus: City Campus

Program: C4372 - Certificate IV in Music Industry (Sound Production)

Course Contact: Program Administration

Course Contact Phone: +61 3 9925 4815

Course Contact Email: mcvet@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Nominal Hours: 30

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This unit describes the skills and knowledge required to consider the major elements of a business idea, undertake research to determine viability of the business opportunity and present the idea with reference to the legislative frameworks affecting the business.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBSMB301 Investigate micro business opportunities

Element:

1. Describe business ideas

Performance Criteria:

1.1 Gather information for business ideas from appropriate sources

1.2 List details of business ideas and opportunities

1.3 Research alternative business ideas in light of available resources

1.4 Specify and list products and services to match business ideas

1.5 Identify and research potential customer information for business ideas

1.6 Identify and take into account available financial, digital technology, business and technical skills when researching business opportunities

Element:

2. Identify market needs

Performance Criteria:

2.1 Collect information regarding market size and potential from appropriate sources

2.2 Investigate market trends and developments to identify market needs relative to business ideas

2.3 Gather market information from primary and secondary sources to identify possible market needs in relation to business ideas

2.4 Identify ethical and cultural requirements of the market, and their relevance for business ideas

2.5 Identify new and emerging markets and document their features

2.6 Identify and organise information on expected market growth or decline and associated risk factors

Element:

3. Investigate factors affecting the market

Performance Criteria:

3.1 Identify projected changes in population, economic activity and labour force that may impact business ideas

3.2 Identify movements in prices, and projected changes in availability of resources

3.3 Review trends and developments and identify their potential impact on business ideas


Learning Outcomes


On successful completion of this unit, you will have the knowledge and skills to effectively develop micro business opportunities in the music and sound production industries.


Details of Learning Activities

Learning and assessment activities will include:

  • In class lectures
  • In class activities & assessments
  • Guest lectures from practicing industry professionals
  • Industry site visit
  • Online learning resources

 


Teaching Schedule

 

WK

CLASS

ASSESSMENT

 

1

INTRODUCTION

* Intro to course and industry context

* Introduction to systems

* Introduction to Course Guide (Online)

* Review assessments
* Review weekly outline


INDUSTRY SPEAKER REVIEW
Familiarisation with industry speaker and site visit occurring in weeks 2 & 3.


PRACTICAL PLACEMENT

Introduction to Practical Placement and assessment procedure


MICRO BUSINESS

* What is a Micro Business?

* Micro businesses - Examples:

- EG Musician / performer, composer, live sound engineer, DJ, producer, lighting tech, recording engineer, small recording studio...

  

2

GUEST SPEAKER:

Jack The Bear

  

3

Site Visit:

Allan Eaton’s Studio (Saint Kilda)

Presentation by producer Simon Moro

  

4

  • Review work placement progress
  • Discuss Prac Placement assessment
  • Undertake assessment activities
  • Review Assessment Tools

ASSESSMENT 1

Activities

1, 2 & 3

 

5

(Optional class attendance)

Class will review content for activities listed in assessment column

ASSESSMENT 1

Activities 4 & 5

 

6

(Optional class attendance)

Class will review content for activities listed in assessment column

ASSESSMENT 1

Activities 6 & 7

 

7

  • MARKETING
  • (Attendance Required)
  • Marketing and promotions
  • Review work placement progress

ASSESSMENT 1

Activit y 8 & 9

 

8

(Optional class attendance)

Class will review content for activities listed in assessment column

ASSESSMENT 1

Activity 10, 11 & 12

 

9

GUEST SPEAKER

Presentation from industry professional

ASSESSMENT 1

Activities

13, 14 & 15

 

10

FINAL ASSESSMENT REVIEW

ASSESSMENT A REVIEW

ASSESSMENT B REVIEW

ASSESSMENT 1

 

11

(Optional)

Review for students requesting assistance

  

12

(Optional)

Review for students needing assistance

  

13

No class

  

14

ASSESSMENT B FINAL SUBMISSION

ASSESSMENT 2 DUE

 


Learning Resources

Prescribed Texts


References


Other Resources

You will be required to purchase the unit text workbook "Investigate Micro Business Opportunities - Participant Guide" to complete this unit.

The text will cost approximately $15.

Purchase can be co-ordinated through your lecturer / program staff.


Overview of Assessment

Assessment will include evidencing the ability to:

Research and analyse information from a range of sources to investigate a Business opportunity, including:

  • Financial considerations
  • Digital technologies
  • Market size, potential and trends
  • Ethical and cultural requirements of the market
  • Resource availability
  • Review data for potential impact on the market, products, services and customers
  • Match products and services to the business opportunity.

 


Assessment Tasks

Assessment Task (Graded)

 

1 - MICRO BUSINESS ACTIVITIES

- You will work through a series of 15 assessments from the unit’s class text. These will commence in class on week 4.

Assessment Due week 10 (Semester 1)

 

2 - PRACTICAL PLACEMENT QUESTIONNAIRE

- You will complete 40 hours of industry placement with an industry professional by arrangement with your lecturer(s). Once you have chosen a location to undertake your practical placement, you will research the business chosen, complete a questionnaire supplied by your lecturer. This questionnaire assesses your research around the Practical Placement. The completed questionnaire is to be returned to your lecturer and the final result will be graded for this unit.

Assessment Due week 14 (Semester 1)

_______________________________________________________________

  

Note that late submissions may affect your final grade.

 

To demonstrate competency in this course you will need to complete the following assessment to a satisfactory standard.

You will receive feedback and a final grade according to the grade table below.

 

For further information on the grading system and criteria used, please refer to the course blackboard site.

Grades which apply to courses delivered in accordance with competency-based assessment, but which also use graded assessment:

 

CHD - Competent with High Distinction

CDI - Competent with Distinction

CC - Competent with Credit

CAG - Competency Achieved - Graded

NYC - Not Yet Competent

DNS - Did Not Submit for Assessment

 


Assessment Matrix

The assessment matrix demonstrates alignment of assessment tasks with the relevant unit of competency. These matrices are available through Program Administration.

Other Information

Please refer to the RMIT student page for extensive information about study support, assessment, extensions, appeals and a range of other matters: http://www1.rmit.edu.au/students

Cover Sheet for Submissions:

You must complete and sign a submission cover sheet for every piece of submitted work, including online submissions.

http://mams.rmit.edu.au/s1llva641yxuz.pdf

Attendance:

Your learning experience will involve class-based teaching, discussion, demonstration and practical exercises

It is strongly advised that you attend all timetabled sessions. This will allow you to engage in the required learning activities, ensuring you the maximum opportunity to complete this course successfully.

Assessment Feedback:

You will receive spoken and written feedback on all your work.  Where relevant, this feedback will also include suggestions on how you can proceed to the next stage of developing your projects.

http://www1.rmit.edu.au/policies/assessment-policy

Student Progress:

Monitoring academic progress is an important enabling and proactive strategy designed to assist you in achieving your learning potential.

http://www1.rmit.edu.au/students/acadprogress

Adjustments to Assessment (eg. applying for an extension of time):

If you are unable to complete any piece of assessment satisfactorily by the due date, you can choose to apply for an adjustment to your assessment. RMIT University offers a range of adjustments designed to support you in your studies, including an extension of time to complete the assessment.

http://www1.rmit.edu.au/students/assessment/adjustment

Academic Integrity and Plagiarism:

RMIT University has a strict policy on plagiarism and academic integrity. Please refer to the website for more information on this policy.

http://www1.rmit.edu.au/students/academic-integrity

Credit Transfer and Recognition of Prior Learning:

Credit transfer is the recognition of previously completed formal learning (an officially accredited qualification).

Recognition of Prior Learning (RPL) is an assessment process that allows you to demonstrate competence using the skills you have gained through experience in the workplace, voluntary work, informal or formal training or other life experiences.

Recognition of Current Competency (RCC) RCC applies only if you have previously successfully demonstrated competence in a unit of competency, and now require to be reassessed to ensure that the competence is being maintained.

Please speak to your teacher if you wish to discuss applying for Credit Transfer, RPL, or RCC for the unit(s) of competency addressed in this course.

http://www1.rmit.edu.au/students/enrolment/credit

 

Course Overview: Access Course Overview