Length: Full Year

Recommended background: Successful completion of Stage 1 Business Innovation

Content:

In Stage 2 Business Innovation, students are equipped with the knowledge, skills, and understandings to engage in designing, sustaining, and transforming business in the modern world. In a time when design-driven companies consistently outperform other stock market companies, Business Innovation foregrounds design thinking and assumption-based business planning tools to promote an iterative, human-centered approach to innovation and the transformation of business products, services, and processes.

Students engage with complex, dynamic, real-world problems, to identify and design, test, iterate, and communicate viable business solutions. Through design thinking and direct involvement in innovation, students not only develop but also understand and apply their critical and creative thinking skills.

Students learn to innovate and think like designers to find and solve problems that matter to specific people in a business environment characterised by change and uncertainty.

Assessment:

Student performance will be determined according to the subject’s Performance Standards as described in the Subject Outline. Grades A+ to E- will be used for reporting purposes.

Assessment Type 1: Business Skills – weighting 40%

• Designing Business: Identifying Customer Needs and Wants & Value Proposition and Evaluation (20%)
• Transforming Business: Consultancy Infographic & Analysis (10%)
• Transforming Business: Financial Pitch (10%)

Assessment Type 2: Business Model – weighting 30%

• Business Model Development Portfolio
• Business Model Evaluation

Assessment Type 3: Business Plan and Pitch – weighting 30%

• Part A: Business Plan
• Part B: Pitch