Year: 11 (Stage 1) – Elective
Length: Semester (10 SACE Credits)
Contact Person: Jacob Hayes
Content: Business Innovation B follows on from the Shark Tank course students undertook previously. In this course, students begin to develop the knowledge, skills, and understandings to engage in business contexts in the modern world. They consider the opportunities and challenges associated with start-up and existing businesses, and consider how digital and emerging technologies may present opportunities to enhance business models and analyse the responsibilities and impact of proposed business models on global and local communities. Initially, students may be guided through structured processes to develop their understanding of underlying problems or needs, and begin to propose and test hypotheses relating to the customer, problem, and solution. As students develop these skills, they will anticipate, find, and solve their own problems. These structured processes create a learning environment where risk is encouraged and provide an opportunity to pivot during the
iterative process of proposing, developing, testing, and refining solutions. Working together, students are encouraged to build up ideas. They collect and analyse financial and business information that informs the process of proposing, developing, and testing solutions. In doing so, students develop and extend their financial awareness and skills in decision-making. Students apply these skills in the context of rejuvenating an existing business and will work to complete two assessment types to consolidate and demonstrate their understanding of the content and skills.
Assessment: Students are assessed using the SACE Performance Standards. Students demonstrate evidence of their learning through the following assessment types:
- Assessment Type 1: Business Skills
- Assessment Type 2: Business Pitch