Business Planning 2 (2cr)

Objectives (course unit)

This business planning course provides both basic theory and hands-on guidance to business planning. Primary objective is for students to learn the basics of business planning (1st period) and be able to create such a plan (2nd period) for a virtual company.

After completing the course, the students will be able to:
• Understand the structure of a typical business plan
• Describe the purpose of each element of the business plan
• Apply basic business planning principles

Content (course unit)

• What are the features of a good business plan?
• How to create business plan for the virtual company?
• How to determine prices for the products and services?
• Which actions should be taken when implementing a business plan?

Exam schedules

No exam
Final presentations: December 2016

Assessment methods and criteria

- Business plan
- Final presentation
- Active participation

Teaching methods

Connectivist learning philosophy, contact teaching, collaborative work, individual work, digital learning tools, classroom exercises

Learning materials

Articles and other materials selected by the teacher.
e-book or printed book: Alexander Osterwalder and Yves Pigneur. 2010. Business model generation: a handbook for visionaries, game changers, and challengers.

Student workload

54 hours altogether:
- contact teaching & virtual learning (1/3),
- individual work (1/3)
- project work (1/3).

Content scheduling

2nd period 2016

Completion alternatives

None

Practical training and working life cooperation

None

International connections

None

Further information

None

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

Fails to complete any of the required assignments.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Student can communicate and co-operate about business planning in English.
The business plan contains all basic elements.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Student can communicate and co-operate about business planning in English.
The business plan is comprehensive.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Student can communicate and co-operate about business planning in English.
He/she can write a comprehensive, consistent and credible business plan.