Course Title: Investigate micro business opportunities
Part B: Course Detail
Teaching Period: Term2 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
WEEK | CLASS | ASSESSMENT |
1 |
INTRODUCTION * Intro to course and industry context * Introduction to systems * Introduction to Course Guide (Online) * Review assessments INDUSTRY SPEAKER REVIEW 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... |
Element 1 |
2 |
GUEST SPEAKER: Jack The Bear Mastering Music. Mastering Life.Tony “Jack the Bear” Mantz is the owner and founder of Deluxe Mastering in Melbourne. With over 3 decades of experience he has carved out his niche as a mastering engineer working on a huge roster of Australian and international acts. |
ASSESSMENT 1 Element 1. Describe business ideas 1.1-1.6 |
3 |
|
ASSESSMENT 1 Activities 1,2 & 3 Element 1. Describe business ideas 1.1 - 1.3
ASSESSMENT 2 Practical Placement Element 1 1.4 - 1.6 |
4 |
Site Visit: Allan Eaton Studios (St Kilda) Presentation by producer Simon Moro Simon Moro is a music producer, mixer & mastering engineer. Owner of ninetynine100 Simon has produced ARIA nominated work. |
ASSESSMENT 1 Element 1. Describe business ideas 1.1 - 1.6 Element 2. Identify market needs 2.1 - 2.6 |
5 |
Work plan class Class will review content for activities listed in assessment column Review work placement progress |
ASSESSMENT 1 Activities 4, 5, 6 & 7 Element 1 1.4 - 2.1 ASSESSMENT 2 Practical Placement |
6 |
GUEST SPEAKER Presentation from music industry lawyer, Andrew Watt. He will discuss legislation and regulation relevant to entertainment and media industry “micro”’ businesses. Knowledge Evidence: Locate and outline legislation and regulation relevant to specific micro business opportunities being investigated |
ASSESSMENT 2 Practical Placement |
7 |
MARKETING Marketing and promotions |
ASSESSMENT 1 Element 2. Identify market needs 2.1 - 2.6 ASSESSMENT 2 Practical Placement |
8 |
Work plan class Class will review content for activities listed in assessment column Review work placement progress |
ASSESSMENT 1 Activities 8, 9, 10 Element 2. Identify market needs 2.2 - 2.4 ASSESSMENT 2 Practical Placement |
9 |
Work plan class Class will review content for activities listed in assessment column Review work placement progress |
ASSESSMENT 1 Activities 11,12, 13 Element 2. Identify market needs 2.5 - 2.6 Element 3. Investigate factors affecting the market 3.1 Activities 14 & 15 Element 3. Investigate factors affecting the market 3.2 - 3.3 ASSESSMENT 2 Practical Placement |
10 |
FINAL ASSESSMENT REVIEW ASSESSMENT 1 REVIEW ASSESSMENT 2 REVIEW |
|
11 | No class |
|
12 | No class |
|
13 | No class | |
14 |
ASSESSMENT 1 and ASSESSMENT 2 DUE FINAL SUBMISSIONS |
Assessment 1 is due Assessment 2 is 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 1 (Graded)
Investigate micro business activities, Participant Guide, Activities 1 - 15
You will work through a series of 15 activities from the unit’s class text, Investigate micro business activities, Participant Guide. These will commence in class during week 3.
Assessment Commences week 3
Assessment Due week 14
Note that late submissions may affect your final grade.
Assessment Task 2 (Ungraded)
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 and complete the Practical Placement questionnaire supplied by your lecturer. This questionnaire assesses your research around the Practical Placement.
Assessment Commences week 3
Assessment Due week 14
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