Course detail

Entrepreneurial Practice 1

FP-BEPR1EAcad. year: 2022/2023

Subjects Entrepreneurial Practice 1,2,3 and 4 constitute a logical coherent unit, ensuring continuous development of entrepreneurial and managerial skills. Entrepreneurial Practice 1 gives a strong emphasis on practical development of skills necessary to launch entrepreneurial activity. Key areas are independent development of necessary knowledge from the area of managerial functions in the business activities, outlining of business plans and business models. As the part of individual and team study plan, students will co-create their business specialization. Identically, these plans will help to control fulfilment of practical requirements. Link between practical training and ability to develop acquired knowledge is supported by workshops, developing areas corresponding with the current stage of life-cycle of the company. Thus, workshops will serve as a planned specialized development of people inside the company.

Language of instruction

English

Number of ECTS credits

12

Mode of study

Not applicable.

Guarantor

doc. Ing. Robert Zich, Ph.D.

Department

Institute of Management (ÚM)

Learning outcomes of the course unit

Close interconnection between Entrepreneurial Practice 1,2,3 and 4 is vitally important from the point of development of knowledge and competencies of students.
Specific fields of development within Entrepreneurial Practice 1 are as follows: students will develop their skills in the area of team work, managerial functions in the small company, and business plan formulation. Students will broaden their knowledge in the area of legal and financial aspects of business activity. Students will have opportunity to practically train steps related to preparation and start of business activity.

Prerequisites

Not applicable.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Course is evaluated with grade credit. Evaluation of students is based on company development (10%), business idea/project development (40%), self learning (15%), team learning (25%) and development of study activities (10%).

Course curriculum

Week 1 to 4
Workshop: organization and development of the team
Workshop: application of managerial functions in the development of business model
Workshop: selection of legal form of business activity
Workshop: financial aspects of business activity
Formulation of individual and team plan of the practice
Analysis of business opportunities
Definition and defence of business projects

Week 5 to 8
Workshop: business plan formulation
Workshop: business model definition
Workshop: evaluation of competitive environment
Analysis of business opportunities
Definition and defence of business projects
Preparation of underlying documentation for business plan
Preparation of underlying documentation for business projects

Week 9 to 12
Business plan elaboration
Business project elaboration
Elaboration of action plans of implementation of business activities
Arrangement of formalities of business activities
Start of business activities

Week 13
Elaboration of final report
Defence of business plan and business model
Defence of business projects and report on their course
Plan of future development of company activities

Work placements

Not applicable.

Aims

The objective is to create a space to start own business practice with the emphasis on creation, development, and management of small and medium-sized company and related implementation of entrepreneurial projects.

Specification of controlled education, way of implementation and compensation for absences

The attendance at all activities compulsory and controlled. Absence (health and serious personal reasons) must be compensated by additional activities in business projects and organized workshops.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BURNS, P. Entrepreneurship and Small Business. UK: Palgrave. 540 pp., 2016. ISBN 978-1-137-43035-9.
HITT, M.A., IRELAND, R.D. and R.E. HOSKISSON. Strategic Management - Competitiveness and Globalization: Concepts and Cases. 12th ed. South-Western College Pub, 2017. 896 p. ISBN 978-1-305-50214-7.

Recommended reading

KANDER, D. All In Startup: Launching a New Idea When Everything Is on the Line. 1st ed. Wiley, 2014. 304 p. ISBN 1118857666.
KAPFERER, J.N. The New Strategic Brand Management: Advanced Insights and Strategic Thinking (New Strategic Brand Management: Creating & Sustaining Brand Equity). 5th ed. Kogan Page, 2012. 512 p. ISBN 0749465158.
WÖRDEMANN, W., BUCHHOLZ, A. and N. WILEY. The Impossible Advantage: Winning the Competitive Game by Changing the Rules. 1st ed. Wiley, 2009. 220 p. ISBN 0470717122.

Elearning

eLearning: currently opened course

Classification of course in study plans

  • Programme BAK-ESBD Bachelor's 2 year of study, winter semester, compulsory

Type of course unit

 

Exercise

24 hod., compulsory

Teacher / Lecturer

doc. Ing. Robert Zich, Ph.D.

Elearning

eLearning: currently opened course