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NBS8627 : New Venture Creation Plan

  • Offered for Year: 2024/25
  • Module Leader(s): Dr Natalya Radko
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus

Your programme is made up of credits, the total differs on programme to programme.

Semester 3 Credit Value: 60
ECTS Credits: 30.0
European Credit Transfer System


To provide students the opportunity to develop a feasible and rigorously researched business plan for a venture of their own design. Based on the knowledge and skills gained in the pre-requisite modules, the students will interact with customers, suppliers, and intermediaries to validate a business opportunity through the collection and analysis of relevant primary and secondary data. Students will develop a business plan, including the explanation and empirical support to justify a need in a target market, product and/or service design, intellectual property, strategic analysis, market entry strategy, operational design, marketing plan.

Outline Of Syllabus


Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion1187:00187:00Completion of new venture business plan, recorded new venture pitch presentation & reflective report
Scheduled Learning And Teaching ActivitiesLecture12:002:00Introduction to the module and requirement for the assessment
Guided Independent StudyProject work1400:00400:00Primary and secondary research and analysis of data collected
Scheduled Learning And Teaching ActivitiesWorkshops15:005:00Business plan structure and aspects
Scheduled Learning And Teaching ActivitiesDissertation/project related supervision61:006:001 group meeting and 5 individual meetings
Teaching Rationale And Relationship

The supervisor will monitor student progress and resolve any issues that may arise while working on their business plan. Some meetings are in groups when the themes to discuss are related to the same stage of the business plan development process. Other meetings are individual to support the students with particular aspects of their work.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Oral Examination3M2010 minute recorded new venture video pitch presentation followed by 5 minute Q/A
Reflective log3M20Individual Reflective Account - 2,000 words
Report3M60New venture business plan - 8,000 words - guides will be provided on the format and content expected
Assessment Rationale And Relationship

An in-depth full business plan allows the students to develop and practice each of its integrated components by collecting and using appropriate data.
The video pitch presentation will make students to develop their skills to convince and embark knowledgeable stakeholders regarding the business idea.
The individual reflection will make the students analyse and make conclusions about the inherent, non-linear process and choices related to the business planning.

Reading Lists