Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
OfferedNot offered in 2015


Understanding business principles, and having the data and the will to adapt to the ever changing business environment are crucial for successful business creation and development. The principles and elements of entrepreneurship, finance procurement for new ventures and elements of business planning are integrated into a comprehensive mosaic that will allow students to explore these principles and apply them in a personal and practical way to business creation and business development.


The learning goals associated with this unit are to:

  1. identify and explore the values and principles associated with entrepreneurial thinking
  2. explore elements and types of entrepreneurship and the application of entrepreneurial thinking to business development
  3. understand critical financial elements in business planning
  4. identify and understand the planning process appropriate to establishing a new venture
  5. further enhance communication, inter-personal, problem solving and critical thinking capabilities.


Within semester assessment: 60%
Examination: 40%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information


Students must be enrolled in one of the following courses to undertake this unit: 3183, 3184, 3185, 3189, 3190, 3191, 3195, 3196, 3197, 3198, 3837, 3839, 3849 or 0028.