Business planning (5cr)

Objective

- Student is able to compile and develop a business plan including financial calculations
- Student is able to analyze HoReCa companies' business environment and competitors
- Student is familiar with international and national trends affecting to service businesses
- He or she knows business terminology and different strategic development methods
- Student can construct a contract that is not strained by interpretative ambiguities. He or she knows how to operate as participant in a contract.
- Student is able to search and obtain information from legal sources and apply that information into practice.
- He or she can describe outlines of movable sales, specifically, rights and obligations of seller and buyer both in business to business trade and in consumer trade.

Content

- Business planning
- Strategic development methods for service businesses
- Strategic financial planning
- Analysis of service business environment
- Global and national trends in service industry
- Contracting techniques
- Sale of Goods Act (355/1987)
- Consumer Protection Act (38/1978)
- Legal information search

Qualifications

Conceptualizing services

Assessment criteria, satisfactory (1)

- Student knows a business plan including financial calculations
- Student regognizes HoReCa companies' business environment and competitors
- Student knows international and national trends affecting to service businesses
- He or she knows some business terminology and different strategic development methods
- Student can construct a contract. Student can search and compare acts regulating business transactions and consumer transactions
- Student can recognise the importance of development and reporting in restaurant business.

Assessment criteria, good (3)

- Student can create a business plan including financial calculations
- Student can evaluate HoReCa companies' business environment and competitors
- Student knows and evaluate international and national trends affecting to service businesses
- He or she can use some business terminology and different strategic development methods
- Student can construct a contract. Student can search and compare acts regulating business transactions and consumer transactions
- Student recognize the importance of development and reporting in restaurant business.

Assessment criteria, excellent (5)

- Student can create and develop a business plan including financial calculations
- Student can analyze HoReCa companies' business environment and competitors
- Student can apply international and national trends affecting to service businesses
- He or she can use some business terminology and different strategic development methods
- Student can construct a contract, that is not strained by interpretative ambiguities. Student can search and compare acts regulating business transactions and consumer transactions, and apply obtained information into practice.
- Student understands the importance of development and reporting in restaurant business.