Planning and Controlling

Total Hours in Course81

Number of hours for lectures12

Number of hours for seminars and practical classes12

Independent study hours57

Date of course confirmation19.12.2018

Responsible UnitInstitute of Business and Management Science

Course developer

prof.

Andra Zvirbule

Dr. oec.

Course abstract

The course covers the identification and analysis of key control points at all levels of business planning and for the main kinds of business activities of enterprises, which results in determining controlling parameters. The main advantage of the course is the development of systemic knowledge of controlling in business. The course's main focus is the creation of groups of common performance indicators for analysis and control for different levels of plans and planning.

Learning outcomes and their assessment

Knowledge
1. Students will be able to: demonstrate an in-depth knowledge of the substance, role, priorities and strategies of planning - multiple choice test, case studies
2. Demonstrate the conceptual knowledge and understanding of planning and controlling performance indicators and relevant regularities - practical assignments, a test with calculations
Professional skills
1. Independently apply planning theories and planning and controlling approaches - case studies, group work
2. Define planning problems and come up with potential solutions based on calculations - practical assignments, calculations
Soft skills
1. Independently plan and structure learning - multiple choice test, a test with calculations
2. Cooperate and communicate with others - group work
Competence
1. Independently define and critically analyse planning problems, design a detailed plan based on calculations - test with calculations, a multiple choice test, group work

2. Independently tackle planning problems and apply controlling methods in decision-making - test with calculations

Course Content(Calendar)

1. Plans and planning- the nature, importance and functions. Planning levels and planning responsibilities / functional systems. (lectures - 2 h)
2. Planning methodology. Planning principles and methods. (lectures - 2 h; practice - 2 h)
3. The types and levels of plans and their main objectives. (lectures - 4h; practical works - 2h
4. Control and Controlling- the nature, functions, tasks, methods and tools. (lectures - 2h)
5. Controlling tools and implementation in business decisions. (lectures - 1h; practical work - 4h)
6. Organization of controlling system in enterprises. (lectures - 1h)

7. Establishment of a controlling system - basic indicators, development, identification and analysis of indicators. (practical work - 4h)

Requirements for awarding credit points

The course includes two tests with calculations. Group work (case study) and a multiple choice test to be taken during practice work in classroom. Final assessment of the study course – final grade (mark) is given as an accumulative assessment of the study results.

Description of the organization and tasks of students’ independent work

Within the framework of the study course description for independent work is given 56 hours. Independent studies (work) are organized as follows: preparing for multiple choice test (20 hours); preparing for group work (case studies) (6 hours); learning and preparing for tests with calculations (15 hours for each test).

Criteria for Evaluating Learning Outcomes

The final grade in the study course is formed by:
20% Multiple choice test – Nature, role, priorities and strategies of planning;
5% Case studies, group work - Priorities and strategies of planning and a map of strategies (mapping);
35% test with calculations - Revenue/cost control calculations for a particular planning problem;

40% test with calculations - Product Strategy and Solving a problem of a Product Strategy and a Product Plan by the ABC/XYZ method.

Compulsory reading

1. Diderihs H. Uzņēmuma ekonomika. Rīga: Zinātne, 2000. 515 lpp.
2. Hofs K. Biznesa ekonomika. 2.izdevums. Rīga: Jāņa Rozes apgāds, 2010. 603 lpp.
3. Kjells G. H. Biznesa ekonomika. Rīga, 2002. 559 lpp.
4. Pramudita C.D. The Balanced Scorecard As Strategic Controlling Instrument. Introducing the Indicators-based BSC for Implementation of a Corporate Strategy From Four Different Perspectives. Anchor Academic Publishing, 2016.
5. Sliwczynski B., Kolinski A. Controlling Supply Chains: Theory and Practice Hauppauge, New York: Nova Science Publishers, Inc. 2016. E-resurss, izdevums pieejams LLU tīklā ar LLU IS parolēm datubāzē EBSCO eBook Academic Collection database http://ezproxy.llu.lv:2103/login.aspx?direct=true&db=e000xww&AN=1350572&site=ehost-live
6. Salene J., Dickson L.S. Effective Planning Strategies and Proposal Writing: A Workbook for Helping Professionals. Lanham, Maryland: UPA. 2010. E-resurss, izdevums pieejams LLU tīklā ar LLU IS parolēm datubāzē EBSCO eBook Academic Collection database http://ezproxy.llu.lv:2103/login.aspx?direct=true&db=e000xww&AN=546677&site=ehost-live

7. Elkin P.M. Mastering Business Planning and Strategy: The Power and Application of Strategic Thinking. London: Thorogood Publishing Ltd. 2007. E-resurss, izdevums pieejams LLU tīklā ar LLU IS parolēm datubāzē EBSCO eBook Academic Collection database http://ezproxy.llu.lv:2103/login.aspx?direct=true&db=e000xww&AN=191731&site=ehost-live

Periodicals and other sources

1. Dienas Bizness: nedēļas laikraksts. ISSN 1407-2041
2. Forbes. "SK Media" SIA. Forbes. Rīga. ISSN 1691-6018
3. European Journal of Management and Business Economics. ISSN 2444-8451 Elsevier data base
4. International Strategic Management Review. ISSN 2306-7748 Elsevier data base

5. European Research on Management and Business Economics. ISSN 2444-8834 Elsevier data base

Notes

Compulsory course for the ESAF academics Master's Degree Program Economics

Atsauksmes