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Entrepreneurships

Course developer

Replaced course

VadZ3064 [GVAD3064] Entrepreneurships

Course abstract

Students gain knowledge about the nature of business, business environment, innovative, small, and medium-sized business, forms of commercial activity. Is competent in the use of capital and investment in business. Acquires skills for starting a business, planning, and organizing the company's activities.

Learning outcomes and their assessment

Knowledge.
1. Knows the essence of entrepreneurship, understands the concepts – practical work.
2. Has knowledge of the principles of entrepreneurship, legal norms, is able to analyse the situation and solve business problems in Latvia – situation analysis.
3. Has mastered the theoretical foundations and understands business processes; has the knowledge to perform the necessary actions for starting and developing a business – practical and independent work, test.
Skills.
1. Skills to assess the company's operating environment and the factors influencing it – practical and independent work.
2. Skills to explain and argue about the business environment, medium and small businesses, as well as the company's development cycle – discussion in class.
3. Is able to use theoretical knowledge about entrepreneurship and justify the company's goals – practical work, test.
4. Is able to rationally organize work in a company – practical work.
5. Is able to explain and discuss the company's operations – discussion in class.
6.Able to justify and express conclusions about entrepreneurship, offer solutions – independent and practical work.
Competence.
1.Able to explain and present the results of one's work in a reasoned manner – independent and practical work.
2.Able to critically analyse business processes and justify decisions – situation analysis; exam.

Course Content(Calendar)

In full-time face-to-face studies:
1. Nature of business, commercial activity (lecture – 1 hour).
2. Business environment and its characteristics, analysis (lecture – 1 hour; practical work – 1 hour).
3. Legal basis of entrepreneurship and commercial activity, commercial law (lecture – 1 hour; practical work 1 hour).
4. Forms of commercial activity, European commercial companies (lecture – 1 hour; practical work – 1 hour).
5. Life cycle of the company, development opportunities (lecture – 1 hour).
6. Small (micro) and medium business (lecture – 1 hour).
7. Cooperation, integration, and cooperation of companies (lecture – 1 hour).
8. Product idea and product planning (lecture – 1 hour; practical work – 2 hours).
9. Market, target market of the company (lecture – 1 hour; practical work – 2 hours).
10. Starting a business and establishing a company (lecture – 1 hour; practical work – 2 hours).
11. Organizational forms of the company, delegation of duties (lecture – 1 hour; practical work – 1 hour).
12. Company personnel (lecture – 1 hour).
13. Company reorganization (lecture – 1 hour).
14. Company insolvency and insolvency solutions (lecture – 1 hour; practical work – 1 hour).
15. Risks in business (lecture – 1 hour; practical work – 1 hour).
16. Risk planning in business, risk plan (lecture – 1 hour; practical work – 1 hour)
17. Basics of company activity planning (lecture – 1 hour; practical work – 1 hour).
18. Strategic planning of the company (lecture – 1 hour; practical work – 1 hour).
19. Tactical and operational planning of the company (lecture – 1 hour; practical work – 2 hours).
20. Business plan, goals, and objectives of the company (lecture – 1 hour; practical work – 2 hours).
21. Company financing sources, financial planning (lecture – 1 hour; practical work – 1 hour).
22. Fixed assets and current assets of the company (lecture – 1; practical work – 2 hours)
23. Marketing, marketing communications plan (lecture – 1 hour: practical work – 2 hours).
24. Investments and their importance in business (lecture – 1 hour; practical work – 1 hour).
25. Evaluation of the company's economic activity (lecture – 1 hour; practical work – 2 hours).
26. Innovations in business (lecture – 1 hour).
27. Digital transformation of business, types, and techniques (lecture – 1 hour; practical work – 1 hour).
28. Business model CANVAS (lecture – 1st hour).
In part-time correspondence studies: all topics specified in full-time correspondence studies are implemented, but the number of contact hours is ½ of the specified number of hours.

Requirements for awarding credit points

At the end of the study course, an exam is taken (40 points). Students who successfully complete practical (10 points) and independent work (10 points) during the study course and successfully write 2 tests (40 points) during the semester are allowed to take the exam.

Description of the organization and tasks of students’ independent work

Within the study course, 79 hours are allocated for independent studies, which are organized as follows: preparation for the exam (30 hours); preparation for practical work and 2 tests (49 hours).

Criteria for Evaluating Learning Outcomes

The assessment of the study course depends on 2 tests, practical and independent work, and an exam. 10 points make up 1 grade.

Compulsory reading

1. Uzņēmēja rokasgrāmata. Sast. G. Pelša, I. Ruperte. Rīga: Jumava, 2009. 376 lpp. Ir LBTU FB 1eks.
2. How to Plan Business? A.Muška, L.Paula, L.Līcīte, D.Popluga. In: Entrepreneurship in Rural Areas Through the Production and Exploitation of Medical and Aromatical plants: manual. Jelgava, 2018. 130.-258. lpp. Ir LBTU FB 6 eks.
3. Neilande J. Komersanta ABC. Rīga: Apgāds Zvaigzne ABC, 2013. 270 lpp. Ir LBTU FB 5 eks.
4. Leibus I. Pirmie soļi komercdarbībā: darbības uzsākšana, grāmatvedība un nodokļi. Rīga: Lietišķās informācijas dienests, 2016. 152 lpp. Ir LBTU FB 6 eks.
5. Komerclikums: LR likums [tiešsaiste]. Pieņemts 13.04.2000. Stājas spēkā: 01.01.2002. [Skatīts 11.10.2023]. Pieejams: https://likumi.lv/ta/id/5490-komerclikums.
6. Maksātnespējas likums: LR likums [tiešsaiste] Pieņemts: 26.07.2010. Stājas spēkā: 01.11.2010. [Skatīts 11.10.2023]. Pieejams: https://likumi.lv/ta/id/214590-maksatnespejas-likums.

Further reading

1. Forants I. Menedžmenta mazā enciklopēdija. Rīga: Latvijas Izglītības fonds, 2018. 488 lpp.
2. Vīksna A., Baroniņa R. Mani septiņi soļi biznesa uzsākšanai. Rīga: Lietišķās informācijas dienests, 2009. 112 lpp. Ir LBTU FB 1eks.
3. Geipele S. Nekustamā īpašuma tirgus attīstības vadīšanas sistēma Latvijā. Rīga: RTU izdevniecība, 2015. 228 lpp. Nav LBTU FB.

Periodicals and other sources

1. Dienas Bizness nedēļas laikraksts. Latvijas Biznesa avīze. Rīga: Diena, Dagens Industri, 1992. ISSN 1407-2041. E-versija: https://www.db.lv/.
2. Forbes. Biznesa žurnāls. Rīga: SIA Business magazine, 2019. ISSN 1691-6018.

Notes

Full-time and part-time professional higher education bachelor study program “Geoinformatics and Remote Sensing”