Study Guide

Objectives (course unit)

Main aim is, that all the work provided by the students during the course would be praxis orienteed and fulfilled in an actual, real life cooperative establishing and managing of it.
In advanced level, student can manage industrial investment process activities and knows how create and manage budgeting, accounting and funding processes and activities. Understand total cost ownership concept.

Content (course unit)

Industrial investments, accounting, funding, e-commerce

Prerequisites (course unit)

Industrial Economics

Further information (course unit)

Advance course to Industrial economics

Assessment criteria, satisfactory (1-2) (course unit)

The student recognizes the basic concepts and quantities of industrial business and entrepreneurship. The student is aware of the laws governing the subject and performs the given tasks, if necessary assisted.

Assessment criteria, good (3-4) (course unit)

The student is familiar with the laws, functions and impressive quantities of industry and entrepreneurship. The student performs independently of the given assignments.

Assessment criteria, excellent (5) (course unit)

Students are well versed in all areas of industry and entrepreneurship and are able to apply their skills to a variety of subject areas.

Location and time

Face-to-face, collaborative processing among participants takes place according to the schedule in the classroom. Students organize themselves in the best way they see fit to achieve the business goals they set for themselves, likely through the formation of a board and functional teams. Therefore, working and processing (outside the class-meetings) is also assumed to be organized by the students themselves, at each team's chosen time and location, emphasis on productivity & output. The activity is highly autonomous, with students leading their own actions and the teacher's role being that of a supportive mentor. In a pandemic or similar situation, digital remote tools are relied upon.

Exam schedules

No exam will be arranged on this realization - however, students are to documentate their development and undertaking and they will hand over a collective work in a form of portfolio/report/even powerpoint in applicable parts, verifying for any interested party the accomplished knowledge & skill-set, thus concretisizing their outcome.

Assessment methods and criteria

The course will be assessed based on a written peer group work (=portfolio). All the rehearsals during the course will affect on the course note if connected to portfolio and presented as part of it. The grading will take place by teacher reflecting the (through Urkund's / TURNITIN's plagiation prevention platform) delivered final portfolio against Bloom's taxonomy - depending which level the peer-group members have achieved with their portfolio, decides for the note. NOTICE! Peer-groups are entitled to fire such a member who, regardless of exhortations is unable to follow the guidelines, agreed upon by the peer-group internally. Such a (dismissed) member's note for the course will be zero (0).
The general evaluation criterias of TAMK are considered as well: https://www.tuni.fi/opiskelijanopas/kasikirja/tamk?search=arviointi&page=2198. NOTE! The administration of the cooperative established in the course has the right to expel members from the course based on rules jointly produced and approved by the students if they do not participate actively enough in the activities (for one reason or another) - in this case, the student will NOT be entitled to receive credit for the course. NOTE! The supervising teacher reserves the right to deviate from the common "same grade for everyone" rule - so based on this sentence, if there are deficiencies in the activity of course participants, it is also possible to deviate from the so-called "common grade".

Assessment scale

0-5

Teaching methods

Multifacetted pedagogics: face-2-face, consultative, mentoring interference, partially lectures whereby teaching can occur in form of separate, learning supporting "tailored"-consignments. NOTICE: since it is endeavoured that students operate on the course autonomically, the proportional share of lecturing or teaching (by teacher) will be dramatically lesser than on courses traditionally

Learning materials

Material provided will be agreed upon and/or issued by teacher during the course. ALSO: any material provided by the co-operative members.

Student workload

Course entity is thus planned that student's time consumption equals at each time Tamk's preset requirement. Face-to-face class room educational activities is only a part of the students' work load. Another, more profound part of student work is consisting of the work within the organisation of co-operative to-be-founded/having been founded - according to the management of the company has instructed. Rest of the work will cover the joint report (=portfolio), which will verify what participants have learnt during the course.
Students can alleviate their work load by adjusting and sharing it evenly within the co-operative. Students are urged to seek for effective, synergy creating working practices by co-ordinating each and every member's input optimally. Hence students themselves, through their decisions - play an essential role in delivering substancial impact on their final workload.

Content scheduling

Content passage division will be one of the tasks for students on this course - a successful operating in the co-operative requires a) accessing and b) sufficient mastering of certain elements (read: substances, knowledge) - teacher will be supporting this process in the role of a mentor, through out the entire course

Completion alternatives

No other, alternative realisations, planned this year .

Practical training and working life cooperation

Opiskelijat verkostoituvat itsenäisesti kaikkiin keskeisiin sidosryhmiin; kurssivastaava ja erillinen mentori tarvittaessa tukena.

International connections

It is preferred, that participants actively promote during the entire course their international connections and networking. Additionally can be agreed on separate arrangement for students to acquire special knowledge or information.

Further information

Students will found their own cooperative (real, juridically competent) cooperative, where they independently (during the course mentored..) act - aim is to incorporate as closely as possible especially industrial business according to students' own professional inclination and/or accomplish assignments from TAMK or an outside organisation, as it would be customary in a real industrial business environment.

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

Should a student fail to actively participate throughout the course, such a performance will not be acknowledged. Should a student not have been participating to the co-operative process during any of its lifecycle stages, such a performance will not be acknowledged either (regardless of being enlisted to the course). Course attendants will agree upon co-operative rules, describing clearly the principles regarding their own working, processing and decision making - Co-operative's rules then define also in which cases the co-operative has a right to dismiss/fire a co-operative member . Also: once peer-group will handover their portfolio for final evaluation, they will state the authors of the portfolio on its deck-page (=active members of the co-operative) - any student whose name is missing from the deck-page acts as a signal towards teacher that such a student has become dismissed; note for stuch a students = null (0).

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

Student has participated throughout the entire course on co-operative's activity - yet the operating has remained passive; also: ..student has failed to provide substancial tangible or intangible added value for the co-operative. Student has however been able to acquire basic knowledge on the field of industrial engineering's business processes. Entire co-operative will report jointly their activity and participation to co-operative process, through the joint report (=portfolio). The final note WILL be collective; i.e. it won't suffice to produce a success - you will also have to be able to report it. Students will agree upon the stressing of valuation with the teacher. Having stated this, the teacher of the course will reserve himself the right to decide on the assessment criteria.

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

Student has participated throughout the entire course on co-operative's activity - yet the operating has remained passive; also: ..student has succeeded to provide tangible and/or intangible added value for the co-operative. Student has been able to acquire higher than basic knowledge on the field of industrial engineering's business processes and has participated in one or more processes of the co-operative, further developing his/hers aptitudes. Entire co-operative will report jointly their activity and participation to co-operative process, through the joint report (=portfolio). The final note WILL be collective; i.e. it won't suffice to produce a success - you will also have to be able to report it. Students will agree upon the stressing of valuation with the teacher. Having stated this, the teacher of the course will reserve himself the right to decide on the assessment criteria and otherwise modify the course content according to the students' current learning needs and level of development

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

The student has participated in the cooperative's activities throughout the course and has been very active in achieving the cooperative's goals, and has also been able to create tangible or intangible added value for the cooperative and its stakeholders. The student has Student has acquired knowledge from all industrial business processes that goes well beyond basic knowledge and has worked in one or more processes to further deepen his or her knowledge. Student activity and participation in activities is ultimately reported by the entire cooperative, ie practically all course participants. For all co-operative members (= students), the grade is determined collectively with the final report (= it is not enough that something is done successfully, but it must also be possible to report it effectively). Together with the course leader, the students agree on "milestones", ie different emphases, to which special attention is paid in the evaluation of the final report. Note! the course leader reserves the final right to decide e.g. above-mentioned assessment criteria and otherwise modify the course content according to the students' current learning needs and level of development. The starting point for the course is that the members of the cooperative complete the course worth five (5).