Business planning (5cr)

Evaluation scale

1-5

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

Materials

-www.finlex.fi
-Lectures
-Other material will be announced at the beginning of lectures

Teaching methods

- Lectures 46h
- Legal case practices
- Independent work
- Group work 89h

Employer connections

Student has a possibility for employment integrated learning if he/she fulfills following prerequisites: Students works in a supervisory role and employer has a suitable project to offer for the course
Student can carry out course tasks at Enterprise Team. For further information contact the Head of Enterprise Team
Recognition of prior learning is possible with prior Higher Education Studies

Student workload

- Lectures 46h
- Group work 89h

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.

Qualifications

Conceptualizing services