Study Guide

Objective

The student
• Masters the main features of entrepreneurial competencies, recognises their own entrepreneurial competencies and attitudes, as well as recognises the importance of tolerance for ambiguity in their actions and interaction
• Can name and define the phases of setting up a business
• Recognises, from the perspective of their business idea, the key customers, and their role for profitable business
• Knows and can name entrepreneurship-related opportunities at SeAMK, and related support services.

Content

• Personal entrepreneurial competencies, such as self-knowledge and self-efficacy, motivation values, tolerance for ambiguity, and the importance of one’s own attitudes for choices
• Value production in different structures, such as companies and associations
• Basic concepts and revenue model of entrepreneurship and business activity, economic literacy, risk management
• Phases of business establishment
• Business plan as a tool for the structuration of a business idea
• Business activity as part of society, entrepreneurship as part of life
• Familiarization with the entrepreneurship services provided by SeAMK

Materials

Searching for information is part of completing the course

Teaching methods

Team learning

Student workload

81 h

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student can
- take responsibility for their tasks (acts in an entrepreneur-like way)
- recognise their entrepreneurial competences and realize the importance of tolerance for ambiguity in their own actions
- recognise the customer’s key role in the planning of business activity
- recognise, in the business plan, their own competence and the customers and key partners of their company

Assessment criteria, good (3)

In addition to the above things, the student
- can assess their own potential for acting as an entrepreneur
- can assess the chance of success of business operations and becoming an entrepreneur
- can recognise the partners and networks most important for their business
- is familiar with the knowledge base of business and the connection of responsibility with business
- knows the basics of business calculations

Assessment criteria, excellent (5)

In addition to the above things, the student
- can assess the challenges and opportunities of entrepreneurship
- can analyse competitors’ importance for business
- analyse and assess their strategic choices and is aware of the social importance of business activities
- recognises, from the perspective of their business plan, the key risks, masters business calculations, and the pricing of their product or service

Assessment methods and criteria

Self and peer evaluation, information search and learning process

Assessment criteria, good (3)

The student has carried out given assignments acceptably and participated in the course. The student can put together a business plan and can work as a part of a team. The student can describe the prerequisites of profitable business. The student can construct a market-appropriate business idea and recognize ways of delivering customer value. The student can plan and initiate business operations. The student is able provide a quotation. The student can mainly describe the decision-making structure of a limited company. Student can identify his/her attitudes and skills related to entrepreneurship.

Assessment criteria, excellent (5)

The student has carried out given assignments well and participated in the course actively. The student can put together a business plan well and can work as an active member of a team. The student can describe the prerequisites of profitable business. The student can construct a credible, market-appropriate business idea and recognize ways of delivering customer value. The student can plan and initiate business operations. The student is able provide a quotation. The student can describe the decision-making structure of a limited company. Student can identify his/her attitudes and skills related to entrepreneurship.Student can assess his/her possibilities to work as entrepreneur.

Assessment criteria, approved/failed

The student has carried out given assignments with excellence and participated in the course actively and constructively. The student can put together a very good business plan and can work as an active and constructive member of a team. The student understands the prerequisites of profitable business. The student can construct a credible, market-appropriate business idea and recognize ways of delivering customer value. The student can plan and initiate business operations. The student is able provide a quotation. The student understands the decision-making structure of a limited company in practical level. Student can deeplly assess his/her possibilities to work as entrepreneur.