COMMGMT 2503NA - Small and Family Business Perspectives II

Ngee Ann Academy - Trimester 2 - 2016

The course information on this page is being finalised for 2016. Please check again before classes commence.

The course aims to enhance students' understanding of the characteristics, contributions, and issues surrounding the management and growth of small firms and family businesses. Topics include small firm and family business characteristics and significance, developing a business plan, choice of organisational structure and implications, financing start-up and growth, principles of sound financial management, managing ownership/management/business transitions, role of advisors such as accountants, role of government policy, emerging issues in small firm and family business research. The course will appeal to those who are interested in starting up their own business, as well as those interacting with small firms and family businesses as advisors, managers and policy-makers.

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Course Details

Course Code	COMMGMT 2503NA
Course	Small and Family Business Perspectives II
Coordinating Unit	Adelaide Business School
Term	Trimester 2
Level	Undergraduate
Location/s	Ngee Ann Academy
Units	3

Course Staff

Course Coordinator: Associate Professor Chris Graves

Course Timetable

The full timetable of all activities for this course can be accessed from .

Course Learning Outcomes

Small firms and family businesses make a significant contribution to the economic development of national economies around the world. According to latest statistics, 96 percent of 最新糖心Vlogn private sector enterprises are small firms while approximately 67 percent are family-controlled businesses. Just as a small firm is not a little ‘big’ firm, an unlisted privately-owned family business is not a ‘clone’ of a publicly-listed business. Therefore it is important to have an understanding of the issues faced in growing and managing a firm from the small and family business perspectives.

As a consequence, the overarching objective of this course is for students to understand how business-related issues (such as marketing, management, finance, law and accounting) are applied and / or addressed in the small and family business contexts.

COMMENCEMENT
Common pathways in which an individual becomes a small firm or family business owner

GROWTH
Issues that owners need to address when growing a small firm or family business

EXIT
Ways in which an owner of a small firm or family business ceases to be an owner

Topic 2: Getting into business: new ventures, franchises, and purchasing or inheriting a business

Topic 3: Strategic planning and business plans
Topic 4: Marketing: product, price and promotion decisions
Topic 5: Financing the business
Topic 6: Legal issues
Topic 7: Managing growth & transition
Topic 8: Accounting issues
Topic 9: Taxation issues

Topic 10: Exit – part 1 (succession & next gen)
Topic 11: Exit – part 2 (decline & closure or turnaround and/or sale)

F O U N D A T I O N: TOPIC 1 - Definition, characteristics and significance of small firms and family businesses

By the end of this course, students should be able to:

Define and differentiate between what is meant by the terms ‘small firm’ and ‘family business’ and describe their significance and contributions to national economies;
Describe the alternatives to commence working in (or owning) a small firm or a family business and identify their relative advantages and challenges;
Formulate a business plan which outlines a firm’s objectives, business and marketing strategy, management structure, sources of finances and projected financial results.
Identify the family, ownership and business issues that need to be considered when developing a strategic plan for a family business;
Evaluate the appropriateness of a range of interrelated decisions associated with managing an growing a small firm and a family business;
Identify the alternative legal 最新糖心Vlog available to small firms and choose the most appropriate form according to the objectives and needs of the owners;
Evaluate the appropriateness of a firm’s management structure and processes in place based on its stage of development and growth;
Identify the issues that need to be addressed when planning for succession to the next generation;
Describe common reasons why firms become financially distressed and identify what steps can be taken to enact a turnaround;
Develop an ability to apply the course concepts, both independently and cooperatively, to current and future problems.

Assessment Summary

No information currently available.

Assessment Detail

No information currently available.

Submission

No information currently available.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

M10 (Coursework Mark Scheme)
Grade	Mark	Description
FNS		Fail No Submission
F	1-49	Fail
P	50-64	Pass
C	65-74	Credit
D	75-84	Distinction
HD	85-100	High Distinction
CN		Continuing
NFE		No Formal Examination
RP		Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through .

Student Feedback

The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
Fraud Awareness

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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