UMH - BUSINESS START-UP

BUSINESS START-UP

Course

Code: 3058

Degree: Bachelor's in Business Administration and Management Adaptation Program

Faculty of Social and Legal Sciences of Orihuela

Year: Year 1 of Bachelor's in Business Administration and Management Adaptation Program

Semester: Fall

Type: Required

Language: Spanish

ECTS credits: 6

Lecture: 3

Laboratory: 3

Hours: 150

Directed: 60

Shared: 20

Autonomous: 70

Department: Economics and Financial Studies

Area: BUSINESS ORGANIZATION

Course instructors are responsible for the course content descriptions in English.

Description

Entrepreneurship. The entrepreneur. The process of starting a business. Business plans. Management and administration of small and medium-sized enterprises.

Faculty

Name	Coordinator	Lecture	Laboratory
VERDU JOVER, ANTONIO JOSÉ	■
GALIANA ESCANDELL, SERGIO	■	■	■

Professional interest

New Venture Creation is a required 6-ECTS credit course, equivalent to 150 student work hours, given during fall semester of the Business Administration undergraduate program.

A Business Administration graduate must be a professional with versatile training, allowing for starting their very own business venture in addition to carrying out a wide range of management functions in both private businesses as well as public institutions.

This course provides an integrated vision of the subject matter discussed so far, and which will be discussed further in relation to the phases of creation, administration, management, and strategic management of the business venture.

The course¿s objective is for Business Administration graduates to know how to analyze the viability of a business idea, through the development of a business plan, using the different tools existing for this, in addition to the steps to follow for its implementation. Furthermore, the student must know and value entrepreneurship as an alternative to working for somebody else.

The purpose of New Venture Creation is for the student to develop a series of skills and attitudes that enable and motivate them to undertake a business project, expanding entrepreneurial dynamism, and contributing this way to economic and social development within our surroundings.

Competencies and learning outcomes

General competencies

Capacity for planning, organizing, directing, and controlling systems and processes within a framework that guarantee respect for the values, rights and basic principles of the legal system, business competitiveness, protection and conservation of the environment, and sustainable development in the corresponding field.
Ability to implement efficient tools for troubleshooting within the branch of social and legal sciences.
Capacity to evaluate, optimize, and compare criteria in decision making.
Ability to communicate in formal, graphic, and symbolic styles, as well as with oral and written forms of expression.
Disposition of methodologies and efficient self-learning skills for adapting to and updating new skills and scientific advances, as well as to changing needs in order to adopt an aptitude for innovation and creativity in practicing the profession.

Specific competencies

Ability to analyze the relationship between business and its economic environment, distinguishing between the functional areas of production, investment, financing, and marketing, as well as accounting techniques to obtain the financial situation, with special emphasis on small- and medium-sized businesses.
Capacity to relate knowledge about the operation and registration of business activities, especially in cases of small- and medium-sized businesses.
Capacity to analyze general problems in the field of business and markets.
Capacity to identify and initiate entrepreneurial and professional initiatives.
Ability to manage and administer small businesses.

Objectives (Learning outcomes)

01To know and understand the implications and requirements for the creation of a company.
02To identify the resources and skills needed to start a business
03To suitably identify and evaluate business opportunities that have an innovating component
04To analyze the general and specific environment for developing a business activity in, as well as the internal analysis for identifying key competencies or skills: SWOT /CAME analysis.
05To analyze the viability of the idea of selected business, from a legal, technical, commercial, economic and financial perspective.
06To use IT tools and applications for drawing up a business plan.
07To design a business model and draw up a business plan.
08To know the formal requirements for constituting and setting up a business.

Teaching units

Association between objectives and units

Objective/Unit	U1	U2	U3	U4	U5	U6
01
02
03
04
05
06
07
08

Schedule

Week	Teaching units	Directed hours	Shared hours	Autonomous hours	Total hours
1	U1	4	1	4	9
2	U1	4	1	4	9
3	U2	4	1	4	9
4	U2	4	1	4	9
5	U2	4	1	4	9
6	U3	4	1	5	10
7	U3	4	1	5	10
8	U3	4	1	5	10
9	U4	4	1	5	10
10	U4	4	1	5	10
11	U4	4	2	5	11
12	U5	4	2	5	11
13	U5	4	2	5	11
14	U6	4	2	5	11
15	U6	4	2	5	11

Basic bibliography

Complementary bibliography

Methodology and grading

Methodology

Case studies: Learning through the analysis of actual or simulated cases in order to interpret and resolve them by employing various alternative solution procedures.
Lecture: Pass on knowledge and activate cognitive processes in students, encouraging their participation.
Project-based learning: Realization of a project to solve a problem, applying acquired learning and promoting abilities related to planning, design, performing activities, and reaching conclusions.
Solving exercises and problems: Exercise, test, and apply previous knowledge through routine repetition.

Grading

The students final mark will be determined by the mark obtained in each of the two parts, which each carry 50% 1) The first part will consist of an objective exam with 20 questions (with 4 alternative answers), and a practical exercise, which aims to measure the knowledge acquired on a theoretical-practical level: With this test students can obtain a maximum of 5 points for a total of 10. a. Multiple choice test: 80% (4 marks; 1 mark subtracted for 3 incorrect answers. Unanswered questions are not penalized) b. Practical exercise: 20% (1 mark) 2) The second part consists of designing, drafting and presenting a business model and business plan: maximum 5 marks out of 10. To pass the subject, the student will have to pass both and the objective test of their knowledge (exam), the design, drafting and presentation of a business plan and model; with the sum of the marks obtained in both cases (50% of the final mark respectively). If anyone passes only one of the two parts, their corresponding mark will be taken into account until the next session, during the academic year. In order to sit the objective test of knowledge (exam), the student will be required to have completed the design, drafting and presentation of a business plan and model, regardless of the mark obtained for it. Also estimate the assistance and activities that the student develops (conferences, courses, competitions, web contributions, etc.), provided that there is justification for their assistance and/or execution. Maximum, applying this criterion may make an increase in the final score of 1 additional point. These complementary activities must receive prior approval from the teachers of the subject for its computation..

Assessment test characteristics

1) The first part will consist of an objective exam with 20 questions (with 4 alternative answers), and a practical exercise, which aims to measure the knowledge acquired on a theoretical-practical level: With this test students can obtain a maximum of 5 points for a total of 10. a. Multiple choice test: 80% (4 marks; 1 mark subtracted for 3 incorrect answers. Unanswered questions are not penalized) b. Practical exercise: 20% (1 mark) 2) The second part consists of designing, drafting and presenting a business model and business plan: maximum 5 marks out of 10.

Correction criteria

1) The first part will consist of an objective exam with 20 questions (with 4 alternative answers), and a practical exercise, which aims to measure the knowledge acquired on a theoretical-practical level: With this test students can obtain a maximum of 5 points for a total of 10. a. Multiple choice test: 80% (4 marks; 1 mark subtracted for 3 incorrect answers. Unanswered questions are not penalized) b. Practical exercise: 20% (1 mark) 2) The second part consists of designing, drafting and presenting a business model and business plan: maximum 5 marks out of 10.

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