Running a Business

Structure Type: Course
Code: LTYP103
Type: Compulsory
Level: Bachelor
Credits: 7.0 points
Responsible Teacher: Mutka-Vierula, Kristiina
Language of Instruction: Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum  Semester  Credits  Start of Semester  End of Semester
LITAKO-2015   1 spring   7.0   2016-01-01   2016-07-31  
LITAKO-2016   1 spring   7.0   2017-01-01   2017-07-31  

Learning Outcomes

Students master the basics of financial management, marketing, human resource management and law to an extent required for running a business. Students are able to use the essential modules of ERP-system. Students can explain the principles of business operations and how different operations are linked with each other. Students are able to work in different business tasks with a service-oriented attitude. They can work in a group and analyse the situation of the firm in general.

Student's Workload

- lectures and guided practice
- independent work

Prerequisites / Recommended Optional Courses

Planning a Business
Starting up a Business

Contents

- basics of accounting, e.g. double-entry bookkeeping and closing of the accounts, payroll administration, basics of company taxation
- competitive tools of marketing
- marketing campaign
- customer contacts
- making a contract
- termination of employment
- voluntary and judicial collection of a receiveable
- recruiting new personnel
- analyzing the team

Recommended or Required Reading

- Bergström S. ja Leppänen A.: Yrityksen asiakasmarkkinointi, Edita, Helsinki

-Eskola, A. ja Mäntysaari A.: Talousosaamisen perusteet, WSOY Oppimateriaalit Oy, Helsinki

- material provided by the teacher

Mode of Delivery / Planned Learning Activities and Teaching Methods

- lectures and guided exercises
- working in a virtual enterprise

Assessment Criteria

Excellent (5): The student has carried out work to an excellent standard and participated actively and constructively. The objective of the course is for the student to be able to define the basics of financial administration, marketing, personnel management and law, which are needed to maintain a business. The student is able to explain the governing fundamentals of different business areas and how these areas interconnect. The student is able to function in different roles in a business with proper service attitude. The student is able to function in a group and is able to analyze a company’s performance.
Good (4-3): The student has carried out work well and participated actively. The student is able to plan business operations. The objective of the course is for the student to be able to define the basics of financial administration, marketing, personnel management and law, which are needed to maintain a business. The student is able to explain the governing fundamentals of different business areas and how these areas interconnect. The student is able to function in different roles in a business with proper service attitude. The student is able to function in a group and is able to analyze a company’s performance.
Satisfactory (2-1): The student has carried out work and participated as instructed. The student is able to plan business operations. The objective of the course is for the student to be able to define the basics of financial administration, marketing, personnel management and law, which are needed to maintain a business. The student is able to explain the governing fundamentals of different business areas and how these areas interconnect. The student is able to function in different roles in a business with proper service attitude. The student is able to function in a group and is able to analyze a company’s performance.

Assessment Methods

- group assignments: lerning diary (30%), marketing campaign (20 %)
- individual work: exam in law (30 %)
- participation in the group assignments (passed/failed)

Work Placement

Work placement is not included in the course.

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