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Entrepreneurship

Course developer

Prior knowledge

Ekon5121, Business Evaluation

Ekon5139, Economic Resources

Ekon6034, Mathematical Statistics

VadZ5055, Business Planning and Controlling

VadZ5064, Strategic Management

VadZ5079, Knowledge Management and Innovations

VadZ6009, Finance and Investment Management

VadZ6023, Quality Systems

Course abstract

A professional traineeship is intended to consolidate the theoretical knowledge acquired and build up competences relevant to the programme. It involves the examination of entrepreneurship and strategic management of an enterprise/organization. Students learn in detail the practical methods of strategic management and entrepreneurship assessment that are applied at enterprises and organizations representing various industries. The theoretical knowledge acquired during the studies is reinforced during the traineeship in order to acquire professional and soft skills and competences in the management of an enterprise/organization.

Learning outcomes and their assessment

Knowledge
1. Students will be able to demonstrate an in-depth and integrated knowledge of entrepreneurship assessment and strategic management in enterprises and organizations of various industries of the national economy - practical training report, a reference of the work placement supervisor, the presentation of the report
Professional skills
1. Independently analyse entrepreneurship and the processes affecting it at the work placement organisation and associate them with theory - practical training report and the defence of the report
2. Analyse, compare and assess strategy identification methods and identify opportunities for enhancement of entrepreneurship - practical training report, a reference of the work placement supervisor, the presentation of the report
Soft skills
1. Responsibly plan and complete the assignments given within the deadlines set and at high quality- reference of the work placement supervisor, compliance with the schedule
2. Reasonably discuss observations, conclusions and proposals- defence of the practical training report
3. Work in a team and perform the tasks assigned - reference of the work placement supervisor
Competence
1. Understand, comprehend, independently assess, explain and innovatively apply the acquired theoretical knowledge and practical skills in entrepreneurship and in designing a future strategy for various industries of the national economy and take part in this process - practical training report, a reference of the work placement supervisor, the presentation of the report

2. Solve complicated problems in entrepreneurship and come up with innovative solutions to the problems - practical training report, the defence of the report, a reference of the work placement supervisor

Course Content(Calendar)

1. Introduce with the company and the traineeship tasks which will be be performed in the company / organization
2. To describe the company (institution / organization) business activities;
3. To explore the business environment of the industry- the company development or individual process development - taking into account the experience of foreign countries and benchmarks its;
4. To make an enterprise (institution / organization) performance evaluation and analysis;
5. To make the company's strategic activities assessment and development directions;
6. To work out recommendations for the company (institution / organization) for further business activities.

7. Prepare a practice report and a presentation of the practice report

Requirements for awarding credit points

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. If the traineeship has not been completed in the required time period, if the traineeship defence has not been taken or has been evaluated with “failed”, it is considered to be an academic debt.

Description of the organization and tasks of students’ independent work

Within the framework of the study course description for independent work is given 480 hours, which consists of: 1) internship in a company / organization; 2) preparation of the internship report in accordance with the content of the internship program; 3) preparation of the presentation of the practice report and defence of the practice

Criteria for Evaluating Learning Outcomes

Final assessment of professional practice - test with a mark. The practice is evaluated in a 10-point system. The lowest successful mark is 4 (almost satisfactory). The assessment is made by the internship defence commission on the basis of the content of the internship report, the results of its internship defence and the reference of the internship manager.

Compulsory reading

1. Halkias, D; Thurman, P. W. Farnham Entrepreneurship and Sustainability : Business Solutions for Poverty Alleviation From Around the World: Routledge. 2012. eBook. ISBN 9781409428732
2. Kuratko, D. F.; Hoskinson, S. The Great Debates in Entrepreneurship : Emerald Publishing Limited. 2017. eBook. ISBN 9781787430761
3. Vrontis, D.,Sakka, G., Amirkhanpour, M. Management Innovation and Entrepreneurship : A Global Perspective : Cambridge Scholars Publishing. 2015. eBook. ISBN 9781443874649
4. Adner, Ron Skaties plašāk: jauna inovāciju stratēģija / Rons Adners; no angļu valodas tulkoja Signe Skujeniece un Kristaps Šoriņš. Rīga: Jumava, 2013. 270 lpp.
5. Blanchard, Kenneth H., Efektīvas vadības noslēpumi / Kenets Blančards, Spensers Džonsons; no angļu valodas tulkojusi Linda Deičmane. Rīga: Zvaigzne ABC, [2009] 117 lpp.

6. Dāvidsone, Gitāna, Organizāciju efektivitātes modelis / Gitāna Dāvidsone. Rīga: Organization Development Academy, 2008. 328 lpp.

Further reading

1. Katz, Jerome A.; Lumpkin, G. T.; Stewart, A. Entrepreneurship and Family Business: Emerald Group Publishing Limited. 2010. eBook. ISBN 9780857240972
2. Teng, P. S. Bioscience Entrepreneurship In Asia: Creating Value With Biology : World Scientific. 2008 Ebook ISBN 9789812700209
3. Bruel O., Strategic Sourcing Management : Structural and Operational Decision-making. Kogan Page. 2016. Ebook ISBN 9780749476991
4. Baye, Michael R., Managerial economics and business strategy / Michael R. Baye. 6th ed. Boston: McGraw-Hill/Irwin, 2009. 623 p.

5. De Young, John Edward. Cases in small business management: a strategic problems approach / John Edward de Young. 2nd ed. New York ...: Macmillan, 1991. 248 p.

Periodicals and other sources

1. Journal of Business Research ISSN 0148-2963
2. Business Horizons ISSN 0007-6813
3. Journal of Innovation & Knowledge ISSN 2444-569X
4. Dienas Bizness : nedēļas laikraksts: ISSN 1407-2041

5. Forbes. "SK Media" SIA. Forbes. Rīga : ISSN 1691-6018

Notes

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