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Business Economy and Entrepreneurship (5 cr)

Code: FEK22AK01-3003

General information


Enrollment

15.06.2023 - 28.08.2023

Timing

29.08.2023 - 17.12.2023

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Unit

Faculty of Business

Teaching languages

  • Svenska

Degree programmes

  • Degree Programme in Business Administration

Teachers

  • Cilla Salo

Groups

  • FEK23D-V
    Tradenom (YH), h23, dagstudier, Vasa

Objective

The student:
- understands the meaning of the concept of entrepreneurship
- understands the importance of entrepreneurial spirit and sees it as a
driving force in business economics
- is familiar with the establishment process for companies and associations in Finland
- can draw up a business idea and a business plan
- can use tools for business and activity development
- can familiarize him/herself with the risks associated with entrepreneurship
- can connect sustainability to business development

Content

- business concept and business plan
- entrepreneurship as a profession
- founding companies
- financing and administration in a company
- support services in business establishment
- choosing a company type
- risks and opportunities
- tools for business development

Location and time

Autumn 2023, period 1 + 2 on Campus

On-campus studies + lectures
Nordic Business Forum 2023, 27-28.9.

Some parts of the course may take place via Webex.

Materials

Starta eget - guide för blivande företagare 2023, Nyföretagscentrum, 2023

Pihlsgård, Anders, Martinsson, Håkan, Ekonomi för yrkeshögskolan, Lund,
Studentlitteratur AB [2020] Upplaga 1.

Other teaching materials according to instructions on Moodle.

Teaching methods

Lectures,
Guest lecture and Nordic Business Forum 2023 streaming
Project work in groups
Workshops and exercises
Study visits to business organizations and/or companies or they visit us

Employer connections

Guest lecturer and collaboration with the local business community

Exam schedules

Examination preliminary 13.12.2023
Re-examinations:
Fri 19.1.2024 at 12.00 noon
Fri 9.2.2024 at 12.00 noon

Completion alternatives

Assignments
Project work in groups
Examination

Student workload

60 h of teaching with lectures, Nordic Business Forum 2023 and exercises
15 hours of preparation and exercises for local teaching
30 hours of assignments
30 h preparation for the exam

In total 135h = 5 p

Content scheduling

Business as a profession
Personal characteristics
Founding of a company: Company administration and where to do I get help with the administration?
How to choose a corporate form: Individual company, private company, limited company or cooperative
Business concept and business plan
Company administration and where to get help?
Risks and opportunities
Business development
Financing
Budgeting

Evaluation scale

H-5

Assessment methods and criteria

The course is examined through exercises, project work and the exam.
The project work is a group work in collaboration with the course Fundamentals in Marketing.

Assessment criteria, fail (0)

The student has not met the assessment requirements at least at the satisfactory level for all examination forms.

Assessment criteria, satisfactory (1-2)

Students understand the meaning of the concepts of enterprise, entrepreneur and intrapreneur.
Students understand the importance of a business concept and can draw up simpler business plans.
Students have a holistic view of how to start a company and choose a company form.
Students have know of which agencies can assist in founding.
Students understand the basics of how to finance a business.
Students have a holistic view of the risks associated with entrepreneurship.

Assessment criteria, good (3-4)

Students understand the importance of entrepreneurial and intrapreneurial spirit as a driving force in business economics.
Students can assess business ideas and develop simpler business plans.
Students can fill in documents needed to start a business
Students understand the difference between corporate forms
Students understand the difference between different forms of financing.
Students understand the risks associated with entrepreneurship and also understand the importance of risk management.

Assessment criteria, excellent (5)

Students have in-depth knowledge entrepreneurship
Students can describe the importance of renewing business both by founding new companies and by developing existing businesses.
Students can formulate a business concept and can independently formulate a business plan.
Students can start a company independently and are capable of choosing a company form, in a motivated way.
Students can independently find forms of financing.
Students can independently map company's risks and draw up plans for how to minimize them.

Qualifications

none