26834 Venture Lab

Notes

Enrolment into the subject requires approval by the subject coordinator. To register your interest please send an email to: business.mba@uts.edu.au

Description

In this subject, students learn how to evaluate a business opportunity or venture idea and develop it towards an operational business model for early-stage ventures. While working on their venture, students study critical entrepreneurial processes and methods, examine business strategy, and develop markets, products/services, business models, financial performance and measurement design. The subject integrates knowledge and skills of the Lean Startup methodology with strategy, accounting, and finance concepts. Students are introduced to reflection, accountability, and peer learning practices, which support them in planning and prioritising activities and help them validate various aspects of their venture. The subject's objective is to enable students to make an evidence-based decision about whether to continue or pivot.