Study Guide

Objectives (course unit)

In this course, the participants explore business design and business model development, ideation and innovation regarding the business and operational opportunities in the field of risk management and circular economy. They learn agile and lean development methodologies, and design thinking to balance with desirability (customer / user perspective; why), feasibility (illustrations, modelling and argumentation to implement; how), and viability (to some extent evaluation of commercial possibilities; how).

After completing the course, the participants can:
- identify and seize service and business opportunities in the field of risk management and circular economy
- use synergy of a cross-expertise team in problem solving and development work
- develop and present innovative, feasible and viable service and business concepts with agile, lean and
design thinking approach and methods
- facilitate a development process in a team

Content (course unit)

Circular economy business models
Agile development methods
Customer understanding and insight
Design thinking process (ideation, testing and validation, conceptualization, business modelling, and sales pitching)

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

The student names and defines service and business opportunities in the field of risk management and circular economy. The student can make routine comparisons between circular economy related business models but the role in further development remains unclear. The student knows the development methods and works in a group but without ability to fully utilize the synergy of the expertise available in the team. The student can give and receive feedback but considers and assesses things from his/her viewpoint.

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

The student can explain and compare service and business opportunities in the field of risk management and circular economy. The student is committed to group activities, can act as an active and responsible team member and utilizes synergy of the cross-expertise in development. The student can apply facilitation methods, make plans, limit problems and solve them. The student can give and receive feedback actively and constructively and considers and assesses things both from own and the team’s viewpoint.

Assessment criteria, excellent (5) (course unit)

The student can analyse and generalise service and business opportunities in the field of risk management and circular economy and relate them into the professional context. The student is committed to group activities and can utilize in fully potential the synergy of the team cross-expertise in development. The student can facilitate the development in a team and uses feedback systematically as a professional growth tool in own work and in the team. The student understands the economic and wellbeing related effects of his/her work and can anticipate them in his/her work.

Assessment scale

0-5