Overview

This unit of study aims to introduce you to core operations and business management concepts so that you will be able to identify opportunities that improve business process viability and performance.

Requisites

Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024

Learning outcomes

Students who successfully complete this unit will be able to:

  • Generate a business opportunity idea for a product and/or service and apply basic marketing concepts to evaluate its market potential (A3, A4)
  • Apply core operations management concepts to create and deliver the developed business (K5, K6, S1, S2, S4, A1, A2, A4, A5, A6, A7)
  • Describe problem solving methods in operations management including quality management, maintenance and reliability (K5, S2, S4)
  • Apply basic legal concepts to engineering professional practice including contract and business structure protocols and laws (A1, A2, A5, A6)
  • Analyse and interpret business performance via basic financial reports (K5, S4)
  • Describe micro and macroeconomics and its relevance to business management (K5, S4)
  • Demonstrate the ability to communicate by presenting to an audience and responding to questions (A2)

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
Live Online
Lecture
3.00 12 weeks 36
On-campus
Class
1.50 12 weeks 18
Unspecified Activities
Independent Learning
8.00 12 weeks 96
TOTAL150

Assessment

Type Task Weighting ULO's
Class ExercisesIndividual 5 - 15% 1,2,3,4,5 
ExaminationIndividual 20 - 40% 2,3,5,6 
Research PresentationIndividual 5 - 15% 1,2,4,7 
Research ProjectGroup 25 - 35% 1,2,4 
TestIndividual 15 - 30% 1,4,5 

Hurdle

As the minimum requirements of assessment to pass a unit and meet all ULOs to a minimum standard, an undergraduate student must have achieved:

Students who do not successfully achieve hurdle requirement (ii) will receive a maximum of 45% as the total mark for the unit.

Content

  • Operations and project management
  • Marketing and innovation, entrepreneurship
  • Finance and accounting
  • Law for engineers

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.