Running a Firm (15 cr)

Objectives (course unit)

At the beginning of the module students start the daily operations of learning companies. Marketing and sale of products and services are started between the learning companies. Students become acquainted with routines such as invoicing, payments, bookkeeping and contracts. Furthermore, they learn the basics of project management and construct a project plan. In jurisprudence, the emphasis is on contract law.

FINANCIAL ADMINISTRATION
After completing the course students will
- know the phases of the accounting period (opening and closing the books, entries)
- understand the most important concepts in accounting and will be able to make the basic bookkeeping entries
- know the key regulations concerning value added tax
- be able to use the basic functions of bookkeeping software.

MARKETING
After completing the course students will be able to
- use customer relationship marketing in business operation and understand the meaning of customer orientation
- use marketing in b-to-b environment
- design simple web pages and monitor the behaviour of users.

JURISPRUDENCE
After completing the course students will
- know the norms regulating legal capacity and contractual capacity of legal entities
- know different forms of representation
- demonstrate familiarity with provisions regulating validly formed contracts, invalidity of contracts and breaches of contracts
- demonstrate familiarity with provisions regulating trade in movables, residential lease agreements, credit agreements and collaterals and are able to apply them in practical situations.

MATHEMATICS
After completing the course students will
- be able to apply percentage calculation in various financial calculations
- be able to make interest and compound interest calculations of return on capital, or the price
- be familiar with spreadsheet opportunities in making calculations.

LOGISTICS
After completing the course students will
- have an overview of what logistics includes and how the logistical chain functions
- understand the relevance of logistics in business and profitability.

PROJECT MANAGEMENT
After completing the course students will
- know the basic concepts of project management
- be able to draw up a project plan and final report at the basic level.

BUSINESS COMMUNICATION
See the objectives of Setting up a Firm 3H-301

PRESENTATION SKILLS
See the objectives of Setting up a Firm 3H-301

Content (course unit)

FINANCIAL ADMINISTRATION
What do accounting and bookkeeping comprise?
Why is bookkeeping essential?
How is the bookkeeping of SMEs done?

MARKETING
Why customer orientation is essential in business operations?
What are the characteristics and practices of b-to-b-marketing?
What is the definition of well-designed web pages?

JURISPRUDENCE
How is legal capacity and contractual capacity of legal entities determined?
What are the forms of representation and how are the authorities of a representative determined?
How to make a valid contract?
What is the relevance of a validly formed contract?
What are the consequences of a breach of contract?
What are the key provisions concerning B-to-B trade, residential lease agreements, credit agreements and collaterals?

MATHEMATICS
How are percentage calculations used effectively in various economy-related calculations?
How are return on capital or price-related calculations made in the short and long term?
What tools does spreadsheet provide for making funding calculations?

LOGISTICS
What is logistics and supply chain management?
How is company's profitability affected by logistics?
How can profitability be improved by developing logistics?


PROJECT MANAGEMENT
How do you act in a project?
How do you draw up a project plan and final report?

BUSINESS COMMUNICATION
See content of Setting up a Firm 3H-301

PRESENTATION SKILLS
See content of Setting up a Firm 3H-301

Exam schedules

Ilmoitetaan opintojakson alussa jaettavassa moduulioppaassa.

Evaluation methods and criteria

Opintojaksopalaute on pakollinen osasuoritus.

Assessment scale

0-5

Teaching methods

Lähiopetus, yhteistoiminnallinen oppiminen, harjoitukset, harjoitustyöt, raportti/työselostus.

Learning materials

Ilmoitetaan opintojakson alussa jaettavassa moduulioppaassa.

Student workload

15 op = 405 h.

Content scheduling

Ilmoitetaan opintojakson alussa jaettavassa moduulioppaassa ja lukujärjestyksessä.

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

Opiskelija ei saavuta opintojakson vaatimuksia, suorituksia puuttuu tai niitä ei ole tehty hyväksytysti.

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

Opiskelija saavuttaa opintojakson vaatimukset perustasolla. Opiskelija ymmärtää opintojakson käsitteitä ja malleja sekä pystyy hahmottamaan niiden välisiä lainalaisuuksia.

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

Opiskelija osaa hyödyntää opintojakson sisältöä hyvällä tasolla. Opiskelija osaa määritellä aihepiirin teemoja ja malleja sekä pystyy soveltamaan opittuja aihealueita käytännössä.

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

Opiskelija on sisäistänyt oppimansa ja pystyy soveltamaan aihealueen teemat laaja-alaisesti myös käytännössä. Opiskelija pystyy analysoimaan ja vahvasti soveltamaan opintojakson teemat.