Stage 2 Business Innovation

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. Business Innovation foregrounds design thinking and assumption-based planning tools to promote an iterative, human-centred approach to innovation and the transformation of business products, services and processes.

Students ‘learn through doing’ in Business Innovation, design thinking and assumption-based planning processes to anticipate. They learn in an environment where risk is encouraged, and students are given the opportunity to iterate as initial assumptions about problems, customers, or solutions are refined. Integral to this is the opportunity for students to work collaboratively in uncertain environments and make decisions based on incomplete information. Students engage with complex, dynamic, real-world problems, to identify and design, test, iterate, and communicate viable business solutions.

Content

Business Innovation is structured around three key contexts:

· designing business

· sustaining business

· transforming business.

Students explore at least two of these contexts. Through these contexts, students develop and apply their understanding of the following underpinning learning strands:

· innovation

· decision-making and project management

· financial literacy and information management

· global, local, and digital perspectives

Assessment

Assessment tasks are comprised of a combination of individually assessed and collaboratively assessed components.

School-based Assessment (70%)

Assessment Type 1:

Business Skills (40%)

Assessment Type 2:

Business Model (30%)

External Assessment (30%)

Assessment Type 3:

Business Plan and Pitch (30%)