ASSESSMENT 3 BRIEF Subject Code and Title BIZ301 Organisational Creativity and Innovation Assessment Group Venture Plan Presentation Individual/Group Groups of 3 – 4 Length 10-15 mins Learning Outcomes b) Identify organisations that develop and foster the processes, practices, and attributes for creativity and innovation. c) Compare and contrast new venture creation, using either business model generation or lean start up approaches. d) Explain the implications for organisational strategy when developing a culture of creativity and/or innovation. e) Assess the suitability of innovators as agents of change. Submission Due by 11:55pm AEST/AEDT Sunday of Module 6 (week 11/12) Weighting 25% Total Marks 100 marks Objectives: This assessment is an opportunity to present your Group Venture Plan (Assessment 3) to an audience of potential investors or perhaps an investment committee, as is often found in large organisations. It will help you to develop your ability to deliver an effective business pitch that convinces others that your idea for a business is a worthy of funding – based on sound, rational business decision making. The key objectives are to ensure the venture plan is presented with the following attributes: 1. Professional presentation materials, using either PowerPoint or Prezi 2. A consistent flow of information, from problem definition to the proposed outcomes of the venture plan, including financial rationale 3. A strong value proposition 4. A group dynamic and the communication skills necessary to present to a professional investor group BIZ301_Assessment 4_Presentation_M6 Page 2 of 7 Context This assessment is the culmination of your learning this term and provides the opportunity for the group to demonstrate an understanding of, and ability to apply, all of the theories, concepts, and ideas. Instructions: You need to develop a dynamic, interactive group presentation that uses clear and concise language and a logical flow of ideas. The aim is to convince someone to invest money and therefore, you need to be as compelling as possible. The entire venture plan needs to be explained and all of your learning this term should be on display. Output and deliverable parameters of the assessment: Content of Venture Plan presentation: An opener (engage the audience) All elements of the venture plan Closing tag line why this idea/venture is worth investing in Specifications: Microsoft PowerPoint or Prezi to be submitted via Blackboard Online students will agree their method of presentation with the learning facilitator in advance. Ideally, online students will be able to come together to film a presentation which is uploaded via the assessment link. Alternatively, one group member may film themselves, before sending the file to the next group member to add their section. With both of these methods, the use of supporting materials (e.g. PowerPoint) is still encouraged If accepted in advance, alternative and creative ways of making the presentation will be rewarded No more than 15 slides Submission Instructions: Online students are to create a PowerPoint, Prezi or like presentation and load it to Blackboard for the learning facilitator to review. The first slide of the presentation should outline which students are speaking to which slides. As a group, you are to record your presentations using Zoom. Instructions will be found under Assessment 3 information . The learning facilitator will review your PowerPoints, at the same time they view the Zoom BIZ301_Assessment 4_Presentation_M6 Page 3 of 7 recording. Please announce yourself as you start your presentation and then introduce your next team member, so the learning facilitator is clear, as to which student is speaking. Face-to-face students will present in class, referring to the presentation. BIZ301_Assessment 4_Presentation_M6 Page 4 of 7 Learning Rubric: Assessment 4 Assessment Attributes Fail (Unacceptable) 0-49% Pass (Functional) 50-64% Credit (Proficient) 65-74% Distinction (Advanced) 75 -84% High Distinction (Exceptional) 85-100% Grade Descriptio n (Grading Scheme) Fail grade will be awarded if a student is unable to demonstrate satisfactory academic performance in the subject or has failed to complete required assessment points in accordance with the subjects required assessment points. No clear distinguishing approach to the selected idea for the venture. Pass is awarded for work showing a satisfactory achievement of relevant learning outcomes. Identify appropriate entrepreneur and rational for section. Showing a clear approach to the idea and rationale for market success. Credit is awarded for work showing a more than satisfactory achievement of all learning outcomes and a more than adequate understanding of theory and application of skills. A clear understanding of the selected venture and rationale for the chosen product. Distinction is awarded for work of superior quality in achieving all learning outcomes and a superior integration and understanding of theory and application of skills. Evidence of in-depth research, reading, analysis and evaluation is demonstrated while a clear outline and timeline of achievements of the selected venture plan. High Distinction is awarded for work of outstanding quality in achieving all learning outcomes together with outstanding integration and understanding of theory and application of skills. Evidence of in- depth research, reading, and analysis, original and creative thought is demonstrated. Demonstrating clear approach to the value of the selected venture idea and the need in the market. Knowledge and Limited demonstrated Adequately describes the Exceeds the basic Exceeds the basic Professionally and Understanding potential for the potential for the group's requirements to requirements to compellingly sells the group's idea/project. idea/project. somewhat convincingly, convincingly potential of the group's demonstrate the potential demonstrate the idea/project. Identify a suitable of the group's potential of the group's idea/project to Limited detailing of the Adequate detailing of the idea/project. idea/project. develop a venture content of the venture content of the venture Expert detailing of the plan and scale to a plan, to show how it plan, to show how it content of the venture global organisation plan to show how it BIZ301_Assessment 4_Presentation_M6 Page 5 of 7 (35%) scales to a global organisation. scales to a global organisation. Good detailing of the content of the venture plan, to show how it scales to a global organisation. Advanced detailing of the content of the venture plan, to show how it scales to a global organisation. scales to a global organisation. Application with synthesis of new knowledge Use of relevant creativity tools and approaches for venture development (35%) Limited understanding of required concepts and knowledge. Key elements of the theory are not addressed. Little relevant use of creativity tools to arrive at the chosen venture idea. Adequate knowledge or understanding of the field or discipline. Resembles a recall or summary of key ideas. Often confuses assertion of personal opinion with information substantiated by evidence from the research/course materials. Some level of rationale for the chosen venture and its position in the market. Thorough knowledge or understanding of the field or discipline/s. Supports personal opinion and information substantiated by evidence from the research/course materials. Demonstrates a capacity to explain and apply relevant concepts. Begins to develop a clear understanding of the market need, competitive position, and customer need for the product /venture. Highly developed understanding of the field or discipline/s. Discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Demonstrates a clear understating and strong approach to meeting the product/venture in a new market. A sophisticated understanding of the field or discipline/s. Systematically and critically discriminates between assertion of personal opinion, and information substantiated by robust evidence from the research/course materials and extended reading. Excellent demonstration of the ventures position in the competitive market place and strong understanding of the potential of the product. The path to market is expertly articulated. BIZ301_Assessment 4_Presentation_M6 Page 6 of 7 Analysis of the key drivers for financial success for the chosen venture Develop a 3 year cash flow and profitability analysis demonstrating high- level break even analysis and exit strategy (15%) Limited or poor financial analysis. No clear or convincing path to a positive financial outcome. Acceptable financial analysis. An adequate demonstration of a conceivable path to financial success. Good financial analysis. A good demonstration of a credible path to sustainable financial success. Very good financial analysis. Thoroughly understands the market size and addressable market opportunity. A very good demonstration of a convincing and thorough path to financial success. Expert financial analysis. Highly sophisticated and creative analysis, of the market size and addressable market opportunity. An excellent demonstration of a compelling and comprehensive path to financial success. Effective Difficult to understand Information, arguments, Information, arguments, Information, arguments Expertly presented; the Communication for audience, no and evidence are and evidence are well and evidence are very presentation is logical, logical/clear structure, presented in a way that presented; mostly clear well presented; the persuasive, and well- poor flow of ideas, is not always clear and flow of ideas and presentation is logical, supported by evidence, (15%) argument lacks logical arguments. clear, and well-supported demonstrating a clear supporting evidence. by evidence. flow of ideas and arguments. Line of reasoning is often Line of reasoning is easy to Audience cannot follow difficult to follow, follow and the document Clear path from idea to the line of reasoning. structure of document is has a good flow from idea market success Engages and sustains poor. development to financial demonstrated. audiences interest in the success. topic, demonstrates high Demonstrates levels of market inconsistent use of Demonstrates use of Demonstrates use of very knowledge and customer good quality, credible credible and relevant Demonstrates use of good good quality, credible, needs, and is able to and relevant resources, resources to support and quality, credible and and relevant resources develop a quality to support and develop develop ideas, but these relevant resources to that are correctly BIZ301_Assessment 4_Presentation_M6 Page 7 of 7 ideas and/or APA are not always explicit or support and develop ideas referenced, to support venture plan, ready for guidelines. well-developed or that are well referenced and develop arguments funding by investors. referenced. and statements. Demonstrates use of Shows evidence of high-quality, credible advanced scope within and relevant resources, the organisation for that are correctly sourcing evidence. referenced, to support and develop arguments and position statements. Shows evidence of extensive scope within and without an organisation, for sourcing evidence
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