Running a business

Structure Type:	Course
Code:	KD07APYR103
Type:	Compulsory
Level:	Bachelor
Credits:	9.0 points
Responsible Teacher:	Mutka-Vierula, Kristiina
Teacher Team:	Hannu, Helena ; Mutka-Vierula, Kristiina ; Palomäki, Hannu ; Palomäki, Juhani ; Salmela, Pirjo ; Potka-Soininen, Tuulia ; Salonen, Marja ; Råtts, Saija ; Turunen, Tero
Language of Instruction:	Finnish

Course Implementations, Planned Year of Study and Semester

Curriculum	Semester	Credits	Start of Semester	End of Semester
LITAKO-2013	1 spring	9.0	2014-01-02	2014-07-31
LITAKO-2014	1 spring	9.0	2015-01-02	2015-07-31

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

Will be announced at the beginning of the course.

Prerequisites / Recommended Optional Courses

- Planning a Business
- Starting up a Business

- Basics of accounting, e.g. double-entry bookkeeping and closing of the accounts, payroll administration, basics of company taxation
- Competitive tools of marketing
- Marketing material
- Fairs and exhibitions as ways of marketing
- customer contacts, different customers, phases of a service transaction
- Making a contract
- Termination of employment
- Voluntary and judicial collection of a receiveable
- Company´s life circle, strategic trends of development
- Contact with the partner company

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: 50 %, lerning diary (team version) (20 %)
- individual work: exam in law (30 %)
- pariticipation in the group assignments (pass/fail)

Work Placement

Work placement is not included in the course.

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