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Entrepreneurship I

Course developers

Course abstract

The aim of the study course is to provide students with knowledge, skills, and competence in business organization.
Students gain an understanding of the nature of entrepreneurship, micro, small and medium entrepreneurship, innovative entrepreneurship, and finance. Understands the importance of risk in business. Gains practical skills in starting and planning a business.

Learning outcomes and their assessment

Knowledge – about micro, small and medium, innovative entrepreneurship, business environment, forms of business activity. Knowledge about founding, reorganizing, liquidating a company – permanent and practical works; test.
Skills – can prepare company founding documents, assess business risks and apply their management methods. Able to evaluate innovations with arguments, recommend solutions for implementing innovations in business, provide an assessment of the company's economic activities – practical, tests.

Competencies – knowledge and practical skills are acquired to analyse and evaluate the company's operations, be able to explain the problems hindering development and provide their own solutions – permanent and practical; test.

Course Content(Calendar)

Full time intramural studies:
1. The essence and basic concepts of entrepreneurship (commercial activity) (Lecture - 1 hour).
2. Business environment and its development aspects (Lecture - 1 hour; practical works - 1 hour).
3. Micro, small, and medium business (Lecture - 1 hour; practical work - 1 hour).
4. Tax and fee system of the Republic of Latvia (Lecture - 1 hour; practical works - 1 hour).
5. Legal forms of commercial activity and factors characterizing their choice (Lecture - 1 hour; practical works - 1 hour).
6. Innovation entrepreneurship (Lecture - 1 hour; practical work - 1 hour).
7. Risk factor in business (Lecture - 1 hour; practical work - 1 hour).
8. Generation, evaluation, definition, and development of business ideas (Lecture - 1 hour; practical work - 1 hour).
9. Business planning and business plan (Lecture - 1 hour; practical work - 1 hour).
Test 10 (Practical work - 1 hour).
11. Starting a business and founding a company (Lecture - 1 hour; practical work - 1 hour).
12. Salary platforms and salary organization (Lecture - 1 hour; practical works - 1 hour).
13. Company life cycle (Lecture - 1 hour; practical work - 1 hour).
14. Sources of company financing (Lecture - 1 hour; practical work - 1 hour).
15. Investments and their significance (Lecture - 1 hour; practical works - 1 hour).
16. Evaluation of the company's economic activity (Lecture - 1 hour; practical works - 1 hour).
17. Company reorganization process, liquidation, and insolvency process (Lecture - 1 hour).
18. 2nd test (Practical works - 1 hour).
Part time extramural studies:

All topics specified for full time studies are accomplished, but the number of contact hours is one half of the number specified in the calendar

Requirements for awarding credit points

At the end of the study course, a test is taken (60 points). Students who successfully complete practical (10 points) and independent work (10 points) during the study course and successfully write 2 tests (20 points) during the semester are allowed to take the test.

Description of the organization and tasks of students’ independent work

Within the study course, 49 hours are allocated for independent studies, which are organized as follows: preparation for the test (25 hours); preparation for practical work and 2 tests (24 hours).

Criteria for Evaluating Learning Outcomes

The assessment of the study course depends on 2 tests, practical and independent work and a test. To pass, the student must obtain at least 60 points.

Compulsory reading

1. Muška A. Uzņēmējdarbības pamatkurss. Rīga: KIF „Biznesa komplekss”, 2005. 120 lpp.
2. Leibus I. Pirmie soļi komercdarbībā: darbības uzsākšana, grāmatvedība un nodokļi. Rīga: Lietišķās informācijas dienests, 2016. 152 lpp.
3. Maksātnespējas likums: 26.07.2010. LR likums ("LV", 124 (4316), 06.08.2010.) [stājas spēkā 01.11.2010.] ar grozījumiem
4. Oganisjana K. Uzņēmējspēja un uzņēmība.- Rīga: RaKa, 2012. 239 lpp.
5. Neilande J. Komersanta ABC. Rīga: Apgāds Zvaigzne ABC, 2013. 270 lpp.
6. Stokes D., Wilson N., Small business management and entrepreneurship. Andower, UK: Cengage Learning, 2017. – 493 pp.

7. Mastering Business Planning and Strategy: The Power and Application of Strategic Thinking / e-book. EBSCO data base, 2007.

Further reading

1. Singh S. K., Gupta S. Entrepreneurship: E-Book. SBPD Publications, 2016. 516 p.
2. Vīksna A., Baroniņa R. Mani septiņi soļi biznesa uzsākšanai. Rīga: Lietišķās informācijas dienests, 2009.112 lpp.
3. Uzsākt biznesu. / «Lessons Learned» grāmatu sērija.- Rīga: Lietišķās informācijas dienests, 2009.- 104 lpp.

4. Rurāne M. Uzņēmējdarbības organizācija un plānošana. Biznesa augstskola Turība, 2002., 330 lpp.

Periodicals and other sources

1. Dienas Bizness - e-avīze: http://e-avize.db.lv.
2. Forbs - ISSN 1691-6018: https://forbesbaltics.com/lv

3. Komerclikums: 13.04.2000. LR likums ("LV", 158/3160 (2069/2071), 04.05.2000.; Ziņotājs, 11, 01.06.2000.) [stājas spēkā 01.01.2002.] ar grozījumiem.

Notes

Compulsory course for TF professional bachelor study program “Applied Energy Engineering; Agricultural engineering; Machine design and production”