Syllabus

Titel
1122 Understanding Business/Business Planning
LV-Leiter/innen
Richard Olbrecht, MSc (WU)
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    2
  • Unterrichtssprache
    Englisch
Anmeldung
26.11.2020 bis 30.11.2020
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Bachelor
Termine
Wochentag Datum Uhrzeit Raum
Dienstag 01.12.2020 15:00 - 17:30 Online-Einheit
Donnerstag 03.12.2020 15:00 - 17:30 Online-Einheit
Donnerstag 10.12.2020 15:00 - 17:30 Online-Einheit
Dienstag 15.12.2020 17:30 - 20:00 Online-Einheit
Donnerstag 17.12.2020 15:00 - 17:30 Online-Einheit
Dienstag 22.12.2020 17:30 - 20:00 Online-Einheit
Donnerstag 07.01.2021 15:00 - 17:30 Online-Einheit
Dienstag 12.01.2021 17:30 - 20:00 Online-Einheit
Donnerstag 14.01.2021 15:00 - 17:30 Online-Einheit
Dienstag 19.01.2021 10:30 - 12:00 Online-Einheit
Dienstag 19.01.2021 16:00 - 19:00 Online-Einheit
Donnerstag 21.01.2021 10:00 - 14:30 Online-Einheit

Ablauf der LV bei eingeschränktem Campusbetrieb

The course will be held fully online if physical distancing measures are still in place. For this purpose, appropriate ICT tools will be used (Microsoft Teams, Learn@WU, …)

Inhalte der LV

In this course, students are exposed to the most important aspects of a new business venture from an academic and practical perspective.

The course is structured along the process phases of:

  1. opportunity recognition/evaluation (ideation, market analysis, competition, etc.)
  2. strategic opportunity exploitation (strategy, business model, etc.)
  3. operational opportunity exploitation (finance, organization, marketing, etc.)
     

In workshops with industry experts and faculty members, students will get input on all these phases and develop a pitch deck for a new venture based on their own business ideas.

 

Lernergebnisse (Learning Outcomes)

  • Students gained first insights on how entrepreneurs spot market opportunities for new businesses, and how to exploit such opportunities.
  • Students have understood business planning as the process of determining a commercial enterprise’s objectives, strategies and activities to ensure its viability from the perspective of all involved stakeholders
  • Students are able to apply basic business planning techniques and they understand how these techniques relate to each other in enabling professional business planning:
  • Students know how to conduct simple market analyses (market size, segmentation, trends, market growth, product life-cycle)
  • Students can apply simple strategic/competitive analysis tools
  • Students know the most common types of legal structures of businesses and why their choice is important
  • Students know the basics of how to obtain debt and equity financing for a new or an established business
  • Students can translate planned business activities into planned/projected cash flow and income statements
  • Students are able to do simple breakeven analysis
  • Students understand how different planning/forecasting tools (sales forecasts, cash flow forecasts, planned operations) relate to each other

Regelung zur Anwesenheit

Students need to attend at least 80% of the classes in order to pass the course successfully.

Please note that attendance is mandatory during the first two sessions!

Lehr-/Lerndesign

  • The course follows a problem-based learning approach
  • Students are assigned to teams of 4 students and work together on a pitch deck
  • They get input regarding the different elements and their interplay by lecturers and experts
  • In coaching and co-working sessions they get individual feedback on their (preliminary) pitch decks
  • At the end of the semester, they present their business ideas in a pitch in front of a jury

Leistung(en) für eine Beurteilung

The final grade depends on:

  • 25% Mid-term pitch deck (team assignment, subject to peer-rating)
  • 25% Final pitch deck (team assignment, subject to peer-rating)
  • 20% Pitch presentation (team assignment, subject to peer-rating)
  • 10% Reflection paper (individual assignment)
  • 20% In-class participation (individual assignment)

Erreichbarkeit des/der Vortragenden

Richard Olbrecht MSc.: richard.olbrecht@wu.ac.at

Zuletzt bearbeitet: 01.12.2020



Zurück