Course code VadZP012
Credit points 10
Total Hours in Course400
Independent study hours400
Date of course confirmation21.06.2018
Responsible UnitInstitute of Business and Management Science
Dr. oec.
Citi2028, Quality Management
Ekon3080, Market Analysis and Forecasting
Ekon3116, Financial Management
Filz1028, Latvian Culture Environment
PārZ3071, Catering Organization and Service
VadZ2031, Entrepreneurship Legislation
VadZ3028, Conflict Management in the Enterprises
VadZ3038, Logistics
VadZ3042, Competitiveness in Entrepreneurship
VadZ3043, Rural Tourism Business
VadZ3046, Analysis and Economics of Tourism
VadZ3054, Tourism Legal Order
VadZ3055, Tourism and Recreation
VadZ4029, Business Planning
VadZ4038, Management
VadZ4040, Personnel Management
VadZ4054, Risk Management
VadZ4062, Business Economics
VadZ4067, Organization Process of Production
VadZ4070, Project Management
VadZ4073, Analysis of Economic Activities
VadZ4079, Customer Relationship Management
VadZ4081, Events Management
Students must to study process of entrepreneurship in different branches national economy in time of practice and to take a part in planning and organization process. In practice has to consolidate theoretical knowledge about management process in enterprise, about controlling of it, also about the evolution process of efficiency and decision – making process.
1. Students will be able to: demonstrate knowledge of the application of theoretical aspects of business and management in practical business and management processes at enterprises (organisations, institutions) of various industries - practical training report, a reference of the practical placement coach, the presentation of the report.
2. Integrate and use knowledge to participate business and management processes at enterprises (organisations, institutions) - practical training report, a reference of the practical placement coach, the presentation of the report.
3. Analyse, compare and assess various processes at enterprises (organisations, institutions) and identify opportunities for enhancing the processes - practical training report, a reference of the practical placement coach, the presentation of the report.
4. Explain and present the study results to others - presentation of the practical training report.
5. Cooperate with others - reference of the practical placement coach.
6. Responsibly plan the completion of the assignments given - practical training report, a reference of the practical placement coach, the presentation of the report.
7. Understand and comprehend as well as assess, explain and creatively apply the theoretical knowledge of and practical skills in business and management processes in various industries, participate in the execution, organisation and management of the processes - practical training report, a reference of the practical placement coach, the presentation of the report.
1. Familiarisation with the enterprise providing work placements; the kind of economic activity and background of the enterprise. Strategy, mission and goals of the enterprise. Structure of the enterprise. Decision-making process. Information management process.
2. Internal and external business environments. SWOT analysis of the enterprise. Legal framework for doing business. Competitiveness of the relevant industry.
3. Performance of management functions. Planning process organisation.
4. Personnel management. Workforce analysis.
5. Market studies. Portfolio analysis.
6. Assessment of the competitiveness of the enterprise and its personnel and products. Competitor analysis.
7. Financial management at the enterprise. Financing a business. Cost, breakeven point and profit analysis. Identification of the probability of bankruptcy of the enterprise.
8. Production process organisation. Production volume analysis. Long-term investment and current assets analysis.
9. Logistics management. Risk management.
10. Quality management. Project management.
The practical training is completed within the specified period, a practical training report is independently produced and successfully defended with the Practical Training Commission at the Institute of Business and Management Science.
Failure to undergo or complete the practical training or defend the report within the specified period represent outstanding course requirements. The practical training not underwent or completed may be done in the next academic year.
The student has to produce a practical training report (15-20 pages in size (excluding annexes) and computer typeset) during the placement in accordance with the guidelines for practical training. A fully completed report together with a reference from the placement coach has to be submitted to the supervisor appointed by the Institute at the final stage of the training – on the date prescribed by the semester plan.
The student’s practical training is evaluated as pass or fail by the Practical Training Commission based on the quality of the report, the student’s presentation and defence result and the reference from the coach.
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Practice for the ESAF professional Bachelor study programme “Entrepreneurship and Business Management”