Study Guide

Objective

The student understands the basic principles of social entrepreneurship and he/she understands the role of social entrepreneurs as solving global and local challenges. The student is able to identify challenges and come up with solutions to them. He/she is able to develop, write, and present a social project proposal and business plan.

The student knows different forms of entrepreneurship and types of entrepreneurs. He/she knows what it takes to be an entrepreneur and is able to analyse personal readiness to become an entrepreneur. The student recognizes entrepreneurship as a career option. The student knows the importance of social, ecological and economic factors whilst developing his/her business idea.

Competences: Proactive Development Competence, Economics and Financial Management Competence, Marketing and Sales Competence, Law and Risk Management Competence, Sustainable Development Competence

Content

- Theories of social entrepreneurship

- Role of social entrepreneurship in solving global/local challenges

- Forms of entrepreneurship

- Types of entrepreneurs

- Entrepreneur requirements and traits

- Business planning from a social entrepreneurship perspective

- Business plan

- Business plan calculations: Tools for profitable business for entrepreneurs
- Profitability planning and Pricing

- Cost allocation

- Budgeting

- Cash flow

- Business as solution to solving world´s pressing problems

- Sales pitch

- Business case portfolio (business card, price list, landing page, logo, business name ect.)

Location and time

Fall 2024. Weeks 36-49.

Materials

The learning material is given during the implementation.

Teaching methods

Learning process is organized through the project work and problem-solving process. It includes lectures, teamwork, team tasks, team tutoring, independent studies and knowledge acquisition activities.

Employer connections

The ideas developed are based on real life needs/problems.

Exam schedules

Social entrepreneurship quiz on week 37.
Accounting exam on the 4.12.
Business plan and business portfolio DL 2.12.

Content scheduling

The study unit proceeds according to a weekly plan which is found in the implementation plan.

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Level 1
Social Entrepreneurship:
The student understands the basic principles of social entrepreneurship and the role of social entrepreneurs as solving global and local challenges. He/she is able to identify current challenges and come up with solutions to them.

The student is able to develop, write and present a project proposal and business plan according to given instructions.
He/she is able to do basic profitability planning, budgeting and calculations for a small company according to the given instructions. The student is able to measure company's financial performance.

The student knows different forms of entrepreneurship and types of entrepreneurs.

He/she is able to list common traits of entrepreneurs and is able to analyse his/her readiness to become an entrepreneur. The student recognizes entrepreneurship as a career option. The student knows the importance of social, ecological and economic factors whilst developing his/her business idea.

Level 2
Social Entrepreneurship:
The student understands the concept of social entrepreneurship and is able to apply it in solving global and local challenges.

He/she is able to identify current challenges and come up with solutions to them.

The student is able to develop, write and present a project proposal and business plan and make suitable choices/decisions in business planning.

He/she is able to do basic profitability planning, budgeting and calculations for a company according to the given information. The student is able to measure and do some analysis of company’s financial performance.

The student can describe different forms of entrepreneurship and types of entrepreneurs.

He/she is able to identify and describe his/ her own entrepreneurial traits and is able to analyse them in his/her own readiness to become an entrepreneur.

Assessment criteria, good (3)

Level 3
Social Entrepreneurship:
The student understands the essentials of social entrepreneurship and is able to utilise social entrepreneurship as solving global and local challenges. He/she is able to identify current challenges and come up with solution to them.

The student is able to develop, write and present a project proposal and business plan and justify them.

He/she is able to do basic profitability planning, budgeting and calculations based on detailed information. The student is able to measure and analyse company's financial performance.

The student understands different forms of entrepreneurship and types of entrepreneurs and their meaning in entrepreneurship career planning.

He/she is able to identify what personal abilities and professional skills one needs to develop.

Level 4
Social Entrepreneurship:
The student has a command of social entrepreneurship and is able to utilise social entrepreneurship as solving global and local challenges. He/she is able to describe current challenges and come up with justified solutions to them.

The student is able to develop, write and present a project proposal and business plan and both justify and evaluate them.

He/she is able to do profitability planning, budgeting and calculations based on detailed and appropriate information. The student is able to measure and analyse company’s financial performance and utilise the results and make conclusions when planning for business.

The student recognises suitable forms of entrepreneurship and suitable types of entrepreneurs in his/her entrepreneurship career planning.

The student is able to recognise his/her strengths and weaknesses as an entrepreneur and is able to take them into account in business planning.

Assessment criteria, excellent (5)

Level 5
Social Entrepreneurship:
The student is able to identify challenges and come up with innovative solutions to them.
The student is able to develop, write and present a project proposal and business plan and critically evaluate them and the viability of the business idea.
He/she is able to do realistic calculations for profitability planning and budgeting. The student is able to measure and critically analyse company's financial performance.
The student recognises his/her strengths and weaknesses and is able to utilise the strengths in business planning.
The student is able to utilise the strengths in planning a successful entrepreneurship path with a strong understanding of social entrepreneurship elements.

Assessment methods and criteria

Business plan 55 % (1-4 persons in a group)

Accounting exam (individual) 45%

Social Entrepreneurship quiz pass/fail

Business portfolio pass/fail

Sales pitch pass/fail

Notice! Using AI -tools (for example ChatGPT) is forbidden in this study unit since it hinders the learning of the students and achieving the learning goals. Turnitin is able to recognize the use of AI.

Plagiarism and use of references:
Please notice that in study unit assignment returns the plagiarism detection programs (for example Turnitin) will be used. Also notice that you need to use Lapland UAS templates (essay, thesis, report etc) and writing instructions. Textual references must be done according to the given instructions. Please download the thesis template and the referencing instructions here: https://www.lapinamk.fi/en/Students/Study-Guide,-Degree-Programme-Students/Thesis Submitting assignments against given instructions may lead to failing and other possible consequences according to the Degree Regulations.

Qualifications

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