Please note - Swinburne University of Technology

the ability to apply those skills by producing a
comprehensive financial plan for a new venture
embodied in an accurate and credible set of projected
financial statements suitable for inclusion in a business
plan for that venture;
the skills and acumen necessary to evaluate,
dispassionately and professionally, new-venture financial
projections from the point of view of a prospective
investor and thus arrive at a valuation for the venture;
a good general knowledge of the institutions and factors
affecting new venture financing, nationally and
internationally;
sufficient grounding in financial theory and its
applications to pursue and acquire further specific
knowledge in areas not covered by the course.
Textbook
Philippatos, G.I. and Sihler, W.H. Financial Management: Text and
Cases. 2nd edn, Boston, Allyn &Bacon, 1991
References
Golis, C.C. Enterprise & Venture Capital: A Business Builders' and
Investors' Handbook. 2nd edn, St Leonards, N.S.W., Allen & Unwin,
1993
Levy, H. and Sarnat, M. Principles of Financial Management.
Englewood Cliffs, N.J., Prentice Hall, 1988
EF~I IG
Financial Planning for lnnovation
Forty-two hours over two x three-day block
modules (seven hours per day)
A subject in the Graduate Certificate in Enterprise
Management.
Subject aims and description
This subject equips students with the ability to apply, in their
own workplace, a sound knowledge of those aspects of
fundamental financial theory which are most germane to
practical cash flow forecasting and management -
particularly with regard to the introduction of an innovation.
It concentrates on three main topic areas in an endeavour to
produce one main outcome. Topic I: understanding and
using financial mathematics and discounted cashflow analysis
in selected applications. Topic2: perceiving the accounting
framework as both a general management information
system and a specific financial information system. Topic3:
understanding selected principles of financial planning.
Outcome: application of the three skills to analysis and
forecasting through financial modelling using electronic
spreadsheets.
Textbook
Levy, H. and Sarnat, M. Principles of Financial Management.
Englewood Cliffs, N.J., Prentice Hall, 1988
EF812
Entrepreneurship, Law and Ethics
No. of hours per week: three hours
A subject in the first year of the Graduate Diploma in
Entrepreneurship and Innovation.
Subject aims and description
In forming a new venture, the entrepreneur has in general
three choices of legal structure: the enterprise can run as a
sole proprietorship, as a partnership or as a corporation. The
law also affects the steps involved in bringing an invention,
original product or process from the stage of conception to
that of full commercial utilisation. This subject aims to provide
the student with the ability to analyse these issues, together
with the ethical issues involved in the decisions, and in
particular any ethical implications.
~ ~ 8 1 Organising 3 ~ for lnnovation
Forty-two hours over two x three-day block
modules (seven hours per day)
A subject in the Graduate Certificate in Enterprise
Management.
Subject aims and description
This subject equips students with the skills and acumen
necessary to evaluate, plan and manage the organisational
requirements for introducing an innovation into the system
and culture of an existing organisation. The subject combines
both theory and OB (Organisational Behaviour) principles and
application of them. Topics include: history and evolution of
OB theory and practice, development of an OB model,
understanding and managing individuals, groups and
organisational structures and processes, strategic
management, the marketing-OB relationship and 05's future.
Textbook
Hindle, K.G. How to Use Organisational Behaviour: Melbourne,
Learnfast Press, 1992
~~814 The Business Plan
No. of hours per week: three hours
A subject in the second year of the Graduate Diploma in
Entrepeneurship and lnnovation and first year of the Master
of Enterprise lnnovation.
Normally, students of the Graduate Diploma in
Entrepreneurship and lnnovation undertakinq this unit must
have satisfactorily completed all first year subjects and be
undertaking the standard second year program.
Subject aims and description
This subiect aims to orovide the entreoreneur with an
appreciation of a buiiness plan in: raiiinq venture capital,
defining the potential risk and problems'in a venture, testing
and building the entrepreneurial team and planning the
operation of a business.
Self-selected teams will choose an invention or product as a
basis for a business opportunity and will develop an
appropriate business plan.
Generally, teams will work independently and will be tutored
by staff on specialist areas. Some lectures by external
consultants in business plan evaluation will be held and time
will be scheduled for the developing of presentation skills.
Textbook
Legge, 1. and Hindle, K. The Structure of a Business Plan. Hawthorn.
Vic., Swinburne Press. 1992