Business ManagementLaajuus (3 ECTS)

Objective

After completing this course the student understands the role of different functions in business planning and management. He/she can identify various business strategies and what is needed when following a certain strategy. The student knows the basic principles of business planning and its time frames. In addition to that the student understands the role of accounting in business management and what has to be taken into account when measuring the business.

Content

The basic strategies of a company, measurement of operations, management accounting, business planning: concept, tools and time frames.

Qualifications

Manufacturing Management, Introduction to Marketing

Assessment criteria, satisfactory (1)

The student knows the basic strategic terminology
The student knows the P&L statement as a formula
The student knows the concepts of BSC and benchmarking

Assessment criteria, good (3)

The student knows the basic strategic terminology
The student knows the P&L statement as a formula and its linkages
The student knows the concepts of BSC and benchmarking
The student knows the content of a business plan and how to make it

Assessment criteria, excellent (5)

The student knows the basic strategic terminology and can discuss various strategies
The student knows the P&L statement as a formula and its linkages
The student knows the concepts of BSC and benchmarking
The student knows the content of a business plan and how to make it
The student knows how to apply BSC in a business