Small Business Management G (11509.2)

Small business plays a vital role in the Australian economy, accounting for more than 30% of production and almost 50% of employment in the non-financial private sector. The aim of this unit is to provide students with the theoretical and practical aspects of small business management. Specifically, this unit examines the management of small businesses including how to develop a business idea, financing and launching a small business, surviving the early years, managing an established small business, and the planning process including strategies for growth and/or expansion.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Apply concepts, theories, skills and experience to complex real-life challenges involved in establishing and managing a small business, demonstrating initiative, responsibility, accountability, creativity and reflective practice;
2. Compare different forms of entrepreneurial theory and practice and their role for idea and small business development;
3. Formulate and evaluate a business plan for a small business;
4. Evaluate and communicate the different forms of financing and funding for small business in Australia;
5. Prepare and critically evaluate a marketing plan for a small business; and
6. Identify, analyse and apply ethical and social responsibility issues and concerns in a small business management and professional context.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Skills development

Small business is not small: it creates the most jobs and advances innovation in both developed and developing economies. In this unit, we co-develop you into entrepreneurs, managers, and innovators of small business. We introduce the fundamentals of small business management in both traditional and new sectors, as well as analyse and apply the best practices of them in local, national, and international contexts. Further, we explore, stimulate, and incubate new small business thinking and ideas that are visionary and futuristic. We employ experiential and authentic teaching, learning, and engaging approaches to grow a new generation of business leaders. More importantly, we uncover and inspire the qualities and capabilities in you that will enable your success and resilience in a globalised business environment of increasing competition, disruption, and change.

 

 

Skills Development

As students of the University of Canberra, you will develop your critical thinking skills, your ability to solve complex problems, your ability to work with others, your confidence to learn independently, your written communication skills, your spoken communication skills and a number of work-related knowledge and skills.

Prerequisites

None.

Corequisites

None.

Assumed knowledge

None.