Study Guide

Learning outcomes

The student is able to:
- analyse the business operating environment on a strategic level
- define key concepts related to strategic and financial risks
- identify and analyze strategic and financial risks
- compare and select suitable management methods for identified financial risks
- apply strategic and financial risk management as a safety and security expert

Grading scale

H-5

Qualifications

Students enrolling in the study unit shall have sufficient knowledge of the fundamentals business competence, which can be acquired, for example, by completing the study unit Business Processes (10 credits) or Profitable Business (5 credits).The student is responsible for taking into account the prerequisite conditions.

Further information

The study unit is assessed using requirement level 2 of Laurea's common evaluation criteria.

Learning outcomes

The student is able to:
- analyse the business operating environment on a strategic level
- define key concepts related to strategic and financial risks
- identify and analyze strategic and financial risks
- compare and select suitable management methods for identified financial risks
- apply strategic and financial risk management as a safety and security expert

Teaching methods

This study unit is a blended learning implementation.

You shall be present in the first classroom teaching session of the study unit or you must notify the teacher (soili.martikainen@laurea.fi) of your absence to confirm you intent to participate in studies.

A Canvas learning environment is used to support the implementation. The study unit includes scheduled teaching on campus which is not recorded nor streamed. Moreover, the study unit includes working in a group as well as independent study. Guidance is available online and during the teaching sessions in campus. In the study unit there are assessed tests completed individually, as well as assessed assignments completed as a group work. You will receive feedback for assignments from the teacher, and peer feedback is also used.

Location and time

The study unit will begin with contact teaching session on January 17, 2025, from 15:15 to 17:45.
Please see the Timetable Engine at https://lukkarit.laurea.fi/ for the schedule information. Laurea reserves the right to modify the timetable.
The detailed schedule of the study unit is available in Canvas workspace which will be opened on January 13, 2025; before the first classroom teaching takes place. The assignment deadlines are provided in the Canvas timetable.

Learning materials and recommended literature

Literature has been given for each module in the Canvas workspace and the student may also look for the appropriate literature by himself/herself for the assignments.

The following books are part of the knowledge base for the study unit:
Kim, W. C., & Mauborgne, R. (2005). Blue ocean strategy: How to create uncontested market space and make the competition irrelevant. Harvard Business School Press.
Porter, M.E., 1998. Competitive strategy: Techniques for analyzing industries and competitors, with a new introduction. New York: Free Press. (Originally published 1980).

Alternative completion methods of implementation

If you have completed comparable studies earlier in another higher education institution, be in touch with your head of student affairs.

Demonstration of competence: All students are entitled to demonstrate their competence. The recognition and accreditation of prior competence is initiated by the students themselves. The assessment is carried out according to the same assessment criteria and, as a rule, same grading scale as that adopted for the corresponding study unit or module. The student is entitled to apply for accreditation of prior competence regardless of where, how, and when the competence has been acquired. The student may also seek accreditation of competence to be acquired on the job as part of their degree (work-based learning). The student is responsible for demonstrating and verifying their competence and for providing sufficient information. Recognition and accreditation of prior competence is done before the beginning of the study unit. Student fills in the competence analysis and enroll to the demonstration according to the instructions and schedules given in Canvas. If your competence is partly in line with the study unit's learning outcomes, discuss the matter directly with the teacher in charge of the study unit. Contact the teacher well before the beginning of the study unit. The teacher in charge of the study unit will assess your competence and guide you further on the matter. For more information see the BBA demonstration of competence Canvas workspace Student intranet > Planning studies > Demonstration of competence in Bachelor of Business Administration programmes.

Co-operation with working life and/or RDI

The assignment is connected to a real-world work context.

Important dates

The study unit will begin with contact teaching session on January 17, 2025, from 15:15 to 17:45.
The second contact teaching session will be held on March 21, 2025 from 09.00 to 11.30.
The third contact teaching session will be held on May 15, 2025 from 15.15 to 17.45.

Please see the Timetable Engine at https://lukkarit.laurea.fi/ for the schedule information. Laurea reserves the right to modify the timetable.

Based on the degree regulations (2024), the student accepted for the implementation is required to confirm his/her participation by showing activity at the start of the study in the following way:

In order to demonstrate activity, the student must be present at the first contact lesson or notify the teacher in charge of his/her absence to confirm his/her participation in the study. Registration will be rejected if the student does not report his/her absence at the start of the study or the reason for the absence cannot be considered justified. Another student can be taken in his place.

Forms of internationality

International perspectives are highlighted through the theoretical foundation to be studied. Additionally, the guest lecturer will address risks related to internationalization.

Students workload

The calculated work load of the study unit is 135 hours (= 5 credits).
- Contact teaching and guidance : 12 h
- Independent study and familiarizing other material
- Assessed tests completed individually including independent study; totally 55 h per student
- Assessed assignment completed as a group including independent study and familiarizing other material ; totally 68 h per student

Content and scheduling

The study unit has been divided into modules through which the study unit will progress.
Module Orientation
Module 1: Identification and analysis of the business environment
Module 2: Financial risks

Further information for students

The study unit meets the requirements of the level required for a university of applied sciences (AMK) Bachelor's degree program. The implementation of this study unit has been designed according to the quality criteria of education. Self-assessment is available to students in Canvas.
Five student places are reserved for open university of applied sciences students and another five student places for exchange students in this implementation.

Students enrolling in the study unit shall have sufficient knowledge of the fundamentals business competence, which can be acquired, for example, by completing the study unit Business Processes (10 credits) or Profitable Business (5 credits).The prerequisite for participation is always that the possible competence prerequisites according to the curriculum (previous study or similar competence) are fulfilled. The student is responsible for taking into account the prerequisite conditions.

The quality of the study unit implementation has been assessed and the self-evaluation report is available for example in Canvas or Teams.

Grading scale

H-5

Evaluation methods and criteria

The evaluation of competence is based on the descriptions of objectives in the curricula, and the level of competence is assessed according to the evaluation criteria listed in the implementation plan for the studies. (Laurea degree regulations).

The study unit is evaluated by using a scale of 1–5, level II.
Assignment and tests accumulate points as follows:
0 - less than 60 p = failed
60 - less than 68 p = 1
68 less than 76 p = 2
76 - less than 84 p = 3
84 - less than 92 p = 4
92 - 100 p = 5
Approved completion of the study unit requires that you receive at least a total of 60 points from the study unit, and, furthermore, that all the tests and the assignment have been completed.

“Students who have failed to demonstrate their competence in accordance with the approved level must supplement or retake their study attainment in a manner and schedule defined by the teacher of the study unit. If the student does not pass the assessment despite the opportunity to complete their study attainment, they must complete the study unit in question in full as specified by the teacher.” (Degree regulations 2024.)

All staff and students of Laurea are expected to adhere to good scientific practices, which includes appropriate referencing. Familiarise yourself with the practices and, if needed, ask for more information. All study assignments are to be done as individual work unless otherwise instructed. Tournitin is used when assignments are checked, and the lecturer will inform the students of this.

Evaluation criteria, fail (0)

Approved completion of the study unit requires that you receive at least a total of 60 points from the study unit and that all the tests and the assignments have been completed.

Evaluation criteria, satisfactory (1-2)

Professional knowledge basis, information searching and reporting: The student is able to
Grade 1: Use professional concepts in a consistent manner and demonstrate their familiarity with the knowledge basis. Report and communicate in a professional manner.

Professional practice and workplace development: The student is able to
Grade 1: Act independently taking into account the operating environment.
Take responsibility for interaction with customers and/or co-operation partners and for responding to their needs.

Assessed as applicable: teamwork skills, leadership and responsibility: The student is able to
Grade 1: Describe the significance of their actions for successful co-operation.
Describe their competence in relation to the learning outcomes

Evaluation criteria, good (3-4)

Professional knowledge basis, information searching and reporting: The student is able to
Grade 3: Critically evaluate information and justify their actions with science-based knowledge.

Professional practice and workplace development: The student is able to
Grade 3: Propose creative solutions at work. Promote professional co-operation and enhance customer and partner relationships.

Assessed as applicable: teamwork skills, leadership and responsibility: The student is able to
Grade 3: Act in a manner that promotes the team’s entrepreneurial and responsible approach to work. Describe the development of their competence in relation to the learning outcome.

Evaluation criteria, excellent (5)

Professional knowledge basis, information searching and reporting: The student is able to
Grade 5: Analyse the acquired information, draw conclusions and combine theoretical knowledge with experiential knowledge.

Professional practice and workplace development: The student is able to
Grade 5:Evaluate the applicability of produced knowledge, skill or idea to other contexts as well as their impact. Anticipate needs of customers and/or co-operation partners.

Assessed as applicable: teamwork skills, leadership and responsibility: The student is able to
Grade 5: Evaluate and develop the team’s entrepreneurial and responsible approach to work . Evaluate the possibilities for utilising competence and plan their personal development and development of the team.

Qualifications

Students enrolling in the study unit shall have sufficient knowledge of the fundamentals business competence, which can be acquired, for example, by completing the study unit Business Processes (10 credits) or Profitable Business (5 credits).The student is responsible for taking into account the prerequisite conditions.

Further information

The study unit is assessed using requirement level 2 of Laurea's common evaluation criteria.