Study Guide

Learning outcomes

Student is able to
- understand entrepreneurship through personal development
- find and utilize different customer oriented business opportunities.

Implementation and methods of teaching

NOTE!
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LAB business students have a corresponding, compulsory course included in their core competence studies.This course is for other fields of study and it is NOT intended for students in LAB Faculty of Business and Hospitality Management.
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This is a nonstop implementation, entirely online. You can start it any time during the enrollment period and proceed at your own pace.

There is no exam for this course. Instead, it contains online assigments forming a two (2) credits set. The assignments will be done individually and submitted to the Moodle platform. They are evaluated once a month. When you submit an assignment by the end of the month, it will be reviewed by the 15th of the next month (excluding holidays).

Timing and attendance

The course is implemented entirely as an nonstop online course. You can enroll at any time until 15 May 2025 and complete the course at any time between 2 January 2025 and 31 May 2025. The course does not require presence on campus.

Learning material and recommended literature

To be given on Moodle.

Exam retakes

According to the valid LAB Degree Rules

Learning environment

Moodle platform.

Student time use and work load

1 credit = 27 hours
2 credits = 54 hours

Contents

Understanding entrepreneurship as a career option vs. employment.
Prerequisites and requirements for entrepreneurship.
Testing and analyzing one's own entrepreneurial qualities.
Prerequisites for starting a company: the path from innovation into a business idea.
Planning the practical steps for starting a company, such as
- conditions for profitability
- identifying risks and managing them
- considering revenue streams and the cost structure
- increasing awareness through marketing

Additional information for students: previous knowledge etc.

The course is suitable for everyone, regardless of previous studies and experience.
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NOTE!
***********
LAB business students have a corresponding, compulsory course included in their core competence studies.This course is for other fields of study and it is NOT intended for students in LAB Faculty of Business and Hospitality Management.
***************

Assessment criteria

The individual assignments and the whole course is evaluated by pass/fail.

Completing the course requires that all the assignments have been completed and approved.

Assessment scale

Approved/Failed

Failed (0)

The assignments have not been completed according to the instructions and within the given time frame

Assessment criteria: level 1 (assessment scale 1–5)

The student
* understands the steps related to the process of establishing a company
* to some extent, is able to analyze company functions and their own entrepreneurial qualities
Evaluation criteria: level 5 (evaluation scale 1-5)
In Finnish
5: The student can analyze proposals for company processes with the best possible problem point and with a good vision to present suggestions for improvement in their own task solutions

Assessment criteria: level 3 (assessment scale 1–5)

The student
* has a good understanding of the steps related to the process of establishing a company
* knows how to correctly analyze company functions and their own entrepreneurial qualities

Assessment criteria: level 5 (assessment scale 1–5)

The student
* is able to analyze typical challenges related to the process of newly established companies
* is able to present suggestions for improving the challenges