Starting up a Business (7cr)

Evaluation scale

1-5

Objective

The student knows how to start a business and what it requires in terms of economic and human capital. The student is able to elaborate on the basics of business activities and on the legislation and regulations regarding starting a business. The student is able to explain financial management measures needed in business operations. The student is able to set up ERP-modules. The student is able to plan and start correct marketing procedures.The student is able to describe the meaning of personnel management as a part of a business and is able to plan for a suitable organization for a target company. The student is capable of describing the prerequisites for a profitable business. The student is able to estimate the meaning of sustainability to a company and in his or her own life.

Content

- production and production process
- use of ERP
- marketing activities
- incorporation documents of a corporation
- basics of financial accounting
- fundamentals of VAT, payroll administration and finance

Materials

- Bergström S. ja Leppänen A.: Yrityksen asiakasmarkkinointi, Edita, Helsinki. 2015 or newer.
-Jormakka, Koivusalo, Lappalainen ja Niskanen: Laskentatoimi. Edita, Helsinki. 2015 or newer.
- material provided by the teacher

Teaching methods

- lectures and guided exercises
- working in a virtual enterprise

Employer connections

Work placement is not included in the course

Student workload

- lectures and guided practice
- independent work

Assessment criteria, satisfactory (1)

Satisfactory (2-1): The student has carried out work and participated as instructed. The student is able to plan business operations. The student knows how to start a business and what it requires in terms of economic and human capital. The student is able to elaborate on the basics of business activities and on the legislation and regulations regarding starting a business. The student is able to explain financial management measures needed in business operations. The student is able to explain the meaning of marketing and services in a business and is able to plan and start correct marketing procedures. The student is able to describe the meaning of personnel management as a part of a business and is able to plan for a suitable organization for a target company. The student is capable of describing the prerequisites for a profitable business.

Assessment criteria, good (3)

Good (4-3): The student has carried out work well and participated actively. The student is able to plan business operations. The student knows how to start a business and what it requires in terms of economic and human capital. The student is able to elaborate on the basics of business activities and on the legislation and regulations regarding starting a business. The student is able to explain financial management measures needed in business operations. The student is able to explain the meaning of marketing and services in a business and is able to plan and start correct marketing procedures. The student is able to describe the meaning of personnel management as a part of a business and is able to plan for a suitable organization for a target company. The student is capable of describing the prerequisites for a profitable business.

Assessment criteria, excellent (5)

Excellent (5): The student has carried out work to an excellent standard and participated actively and constructively. The student knows how to start a business and what it requires in terms of economic and human capital. The student is able to elaborate on the basics of business activities and on the legislation and regulations regarding starting a business. The student is able to explain financial management measures needed in business operations. The student is able to explain the meaning of marketing and services in a business and is able to plan and start correct marketing procedures. The student is able to describe the meaning of personnel management as a part of a business and is able to plan for a suitable organization for a target company. The student is capable of describing the prerequisites for a profitable business.

Qualifications

Planning a business