Study Guide

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Materials

Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy
Martinsuo, Mäkinen, Suomala ja Lyly-Yrjänäinen 2016 Teollisuustalous kehittyvässä liiketoiminnassa (1. edition or newer), Edita Publishing Oy
Lecturer's material

Teaching methods

Online teaching: includes time dependent online teaching
The online teaching application used is Teams
Lessons include theory, exercises and tasks. In addition, independent studying will be required

Exam schedules

The exam shall take place on the last lesson

Student workload

Estimated workload of a student: app. 54 hours
Online lessons: 15 hours + exam 2 hours

Further information

A part of material and tasks might be in English

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Assessment methods and criteria

The exam and tasks affecting the grade

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Materials

Uusi-Rauva, Haverila, Kouri. 2005, (tai 1993) Teollisuustalous. Tammerpaino. Tampere.

Teaching methods

Lectures and excercises.

Student workload

40 h, of which scheduled studies 21 h and autonomous studies 19 h

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Assessment methods and criteria

Exam and assignments: 70/30

Assessment criteria, good (3)

Satisfactory
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, excellent (5)

Good
The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, approved/failed

Excellent
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Assessment methods and criteria

Exam

Assessment criteria, good (3)

Satisfactory
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, excellent (5)

Good
The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, approved/failed

Excellent
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.