Basics of Business AdministrationLaajuus (15 cr)

Objective

The student can
- work actively and goal-oriented as a team member.
- use the basic terminology of business administration.
- interpret the interactive relationships between the organization's economic process and the interest groups and their impact on profitability.
- use tools to describe the business model.
- compare company forms businesswise.
- utilize business plan as a tool.
- interpret the interactions between the financial process of the organization and its stakeholders and their importance for profitability.
- describe factors affecting purchasing behavior and segmentation.
- utilize competitive means of marketing in reaching the targeted customer segments.

Content

- the basics of teamwork
- basic concepts of business administration
- sustainable and responsible business operations
- business models
- economic process of an organization
- profitability of business operations and profitability calculation
- business financing when starting a business
- business risks and risk management
- company forms
- marketing operating environment
- purchasing behavior and segmentation
- competitive means of marketing