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Business Economy and Entrepreneurship (5 cr)

Code: FEK22AK01-3006

General information


Enrollment

15.06.2024 - 06.09.2024

Timing

02.09.2024 - 20.12.2024

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Unit

Faculty of Business

Teaching languages

  • Svenska

Teachers

  • Cilla Salo
  • Monika Kärkkäinen

Groups

  • FEK24D-V
    Tradenom (YH), h24, 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 2024
Campus studies + lectures and exercises
Nordic Business Forum 2024

Materials

Starta eget - guide för blivande företagare 2024, Nyföretagscentrum, 2024

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 2024, streaming
Project work in groups
Workshops
Exercises

Employer connections

Guest lecturer and collaboration with the local business community

Exam schedules

Examination preliminary 12.12.2024

Re-examinations:
Fri 17.1.2025 at 12-13
Fri 7.2.2025 at 12-13

Completion alternatives

Assignments
Project work in groups
Examination

Student workload

60 h of teaching and exercises, Nordic Business Forum 2024
15 hours of preparation and exercises
30 hours of assignments
30 h preparation for the exam

In total 135h = 5 p

Content scheduling

Business owner as a profession
Personal characteristics
To register a company
How to choose the right form of company: Individual company, private company, limited company or cooperative
Business concept
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