Course code VadZ5055

Credit points 4

Business Planning and Controlling

Total Hours in Course160

Number of hours for lectures16

Number of hours for seminars and practical classes32

Independent study hours112

Date of course confirmation18.09.2019

Responsible UnitInstitute of Business and Management Science

Course developers

author prof.

Anita Auziņa

Dr. oec.

author prof.

Andra Zvirbule

Dr. oec.

Course abstract

The course provides students with an in-depth knowledge of business planning and a methodology therefor, systematization of plans, including targeting all the levels of business planning, development of systemic plans and interconnection among them as well as efficiency assessment of the plans by applying the controlling methodology. The course focuses on the development of groups of common indicators for analysing and controlling plans of various levels and planning indicators by means of elements of controlling.

Learning outcomes and their assessment

1. Demonstrate an in-depth knowledge of the nature and role of planning in business and a methodology of planning- practical assignments, examination work
2. Demonstrate the knowledge and understanding of regularities concerning systemic planning in business- practical group assignments, examination work
3. Demonstrate a conceptual knowledge and understanding of regularities among indicators of planning and controlling- practical assignments, tests with calculations, an examination
Professional skills
4. Independently assess a system of plans in an enterprise by applying the analytical approach- examination work, an examination
5. Reasonably explain and discuss systemic business planning matters - practical group assignments
6. Independently apply statistical and mathematical analysis methods in systemic business planning - practical assignments, a test with calculations
7. Independently apply planning theory regarding planning and controlling approaches - case studies, group work, examination work
Soft skills
8. Independently employ theory, methods and problem-solving skills - tests, examination work
9. Find, critically assess, and creatively use information for assignments and solving problems - practical group assignments, case studies
10. Cooperate and communicate with others - practical group assignments, case studies
11. Define and critically analyse business planning problems, justify the solutions and decisions made and, if necessary, do an additional analysis - practical assignments, examination work
12. Integrate knowledge and skills from various fields into an assessment of the system of plans for an enterprise - examination work, an examination

13. Independently solve planning problems and apply a controlling methodology in making decisions - tests with calculations, an examination

Course Content(Calendar)

1. Historical aspects of planning. (lectures - 2 hours)
2. The Nature and Statement of Planning. (lectures - 2 hours; practical - 2 hours)
3. Planning techniques, methods and methodology. (lectures - 1 hour; practical - 2 hours)
4. Planning system. (lectures - 1 hour)
5. Decision making and planning. (lectures - 1 hour; practical - 11 hours)
6. Normative planning system. (lectures - 1 hour; practical - 1 hour)
7. Planning for High Performance. Efficiency and Quality of Plans. (lectures - 2 hours; practical - 4 hours)
8. Controlling in Planning - The Nature, Functions, Tasks, Methods and Tools. (lectures - 3 hours)
9. Controlling Instruments - (lectures - 2 hours; practical work - 12 hours)

10. Organizing and Leading Controlling. (lectures - 1 hour)

Requirements for awarding credit points

The course includes three tests with calculations. Practical works and group work to be done during practical work in the classroom. At the end of the course, there is an exam consisting of a face-to-face exam (scheduled for the exam) and exam work that must be developed and submitted by the time of the exam.

Description of the organization and tasks of students’ independent work

Within the framework of the study course description for independent work is given 112 hours. Independent studies (work) are organized as follows: preparing for practical work and group work (2 hours); learning and preparing for tests with calculations (15 hours for each test); preparing of exam work (30 hours) and learning/ preparing for an exam (35 hours).

Criteria for Evaluating Learning Outcomes

The final grade in the study course is formed by:
10% practical assignments, practical group work, case studies - Assignments for developing systemic knowledge of business planning
15% test with calculations - Planning Calculation Tasks;
15% test with calculations - Revenue/cost control calculations for a particular planning problem;
15% test with calculations - Product Strategy and Solving a problem of a Product Strategy and a Product Plan by the ABC/XYZ method;
20% exam work - Assessment of a system of plans in an enterprise;

25% exam - Planning Priorities, a Map of Strategies, Application of Controlling instruments.

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. Hofs K. G. Biznesa ekonomika. Rīga: DCS, 2019. 604 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-grāmata pieejama LLU tīklā ar LLU IS parolēm datubāzē
EBSCO eBook Academic Collection:
6. Cowher S. J. O., Dickson L. S. Effective Planning Strategies and Proposal Writing: A Workbook for Helping Professionals. Lanham, Maryland: UPA. 2010. E-grāmata pieejama LLU tīklā ar LLU IS parolēm datubāzē EBSCO eBook Academic Collection:

7. Elkin P. M. Mastering Business Planning and Strategy: The Power and Application of Strategic Thinking. 2nd ed. London: Thorogood Publishing Ltd. 2007. E-grāmata pieejama LLU tīklā ar LLU IS parolēm datubāzē EBSCO eBook Academic Collection:

Further reading

1. Rurāne M. Uzņēmējdarbības organizācija un plānošana. Rīga: Biznesa augstskola Turība, 2002. 330 lpp.
2. Slavinska I. Uzņēmējdarbības plānošana un kontrole. Rīga: Biznesa augstskola Turība, 2003.
3. Kalve I. Apseglot pārmaiņu vējus. Stratēģiskā un pārmaiņu vadība. Rīga: Biznesa augstskola Turība, 2005. 293 lpp.
4. Zvirbule-Bērziņa A., Mihejeva L., Auziņa A. Plānošanas un ražošanas procesa organizēšanas pamatprincipi. Rīga: Biznesa augstskola Turība, 2004. 114 lpp.
5. Vollmann T. E., Berry W. L., Why D. C. Manufacturing Planning and Control Systems. Homewood, IL, Irwin, 1988. 904 p.
6. Alexander J. Financial Planning & Analysis and Performance Management. Hoboken, New Jersey, John Wiley & Sons, 2018. 612 p.
7. Economics of Strategy. D.Besanko, D.Dranove, M.Shanley, S.Schaefer. Hoboken, N.J. Wiley & Sons, 2017. 520 p.
8. Dagnino G. B., Cinici M. C. Research Methods for Strategic Management: a Research Methods Handbook. New York: Routledge, 2016. 377 p.
9. Neely A. D. Business Performance Measurement: Theory and Practice. 2nd ed. Cambridge: Cambridge University Press, 2007. E-grāmata pieejama LLU tīklā ar LLU IS parolēm datubāzē
EBSCO eBook Academic Collection:

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 Science Direct
4. International Strategic Management Review. ISSN 2306-7748 Elsevier data base Science Direct

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


Compulsory course for the ESAF Professional Master's Degree Program Business Management