Stage 1 | Subject outline | version control

Business Innovation Stage 1
Subject outline

Version 3.0
For teaching in Australian and SACE International schools from January 2023 to December 2023.
For teaching in SACE International schools only from May/June 2022 to March 2023 and from May/June 2023 to March 2024.
Accredited in August 2018 for teaching at Stage 1 from 2019. 

Stage 1 | Subject outline | Capabilities | Numeracy

Numeracy

In this subject students extend and apply their numeracy capability by, for example:

  • developing and applying their financial awareness and ability to make informed decisions in rapidly changing, dynamic business environments
  • examining a range of revenue models, pricing strategies, and cost structures associated with their business model
  • determining cash flow requirements for a start-up business, including initial funding/capital and point of sale or terms of trade for customers
  • identifying metrics and key performance indicators that will be used to monitor the start up business model against planned expectations
  • identifying business information needs and implementing appropriate data collection strategies
  • using structured planning processes such as cost-benefit and stakeholder analyses
  • analysing and responding to business and financial information that confirms or denies their initial hypotheses and assumptions
  • assessing ongoing cash flow requirements of the business.