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 | Content


Stage 1 Business Innovation is a 10-credit subject or a 20-credit subject and is studied through the following two contexts:

  • start-up business
  • existing business.

Through these contexts, students develop and apply their understanding of the following learning strands:

  • finding and solving problems
  • financial awareness and decision-making
  • business information and communication
  • global, local, and digital connections.

Students gain an understanding of fundamental business concepts and ideas, including:

  • the nature and structure of business
  • key business functions
  • forms of ownership and legal responsibilities.

This understanding is developed and applied through each of the learning strands.

These learning strands represent the knowledge, skills, understanding, and capabilities fundamental to the learning in the subject.

For a 10-credit subject, students study at least one context and all four learning strands.

For a 20-credit subject, students study both contexts and all four learning strands.