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Online course materials for MCEL30012

Advanced Technology Enterprise


Unit code: MCEL30012
Credit Rating: 10
Unit level: Level 3
Teaching period(s): Semester 2
Offered by Alliance Manchester Business School
Available as a free choice unit?: Y

Requisites

None

Aims

The unit aims to:

Allow students to understand and develop the necessary skills to produce a proposal to support a major project within an organisation or a business plan for a new start-up.
Introduce essential business finance and business risk management tools.
To explore resources required to form, develop and grow a business or a product line within a business.
To encourage students to think entrepreneurially as an essential component of their personal development.

Overview

This unit attempts to link the students subject area to the commercial world concentrating on the financial elements of a company and new innovations. The material focuses on practicality – how problems can be diagnosed and how to address these problems. This includes adding value, introduction to financial statements, ratios, risk, sources of funding and growing a company. The assignment puts these elements into practice where the practical implications of a new innovation are applied to a company of the students choice from their own subject area.

Teaching and learning methods

Lectures

The full range of contemporary methods will be used for the delivery of this module including creation of financial statements, the use of case studies, evaluation exercises etc. This programme will be supported by material on Blackboard including online financial exercises, supporting material, unit hand outs, assignments other audio visual resources that may be of interest to the students.

Learning outcomes


 

Knowledge and understanding

Students should be able to:

Explain the essential elements of good business strategies and planning.
Describe how business risks are identified and managed.
Explain how to create and use the main tools of financial management.
Identify and explain the main issues in developing and resourcing a plan to meet given objectives.
Describe and explain alternative ways in which organizations may operate and develop.

Intellectual skills

Students should be able to:

Recognise what constitutes effective business/project planning.
Design and evaluate basic strategies to meet a given set of objectives.
Identify and assess business risks and describe how they may be managed.
Compile and manipulate financial statements, cash flow, balance sheet, profit and loss.
Propose a workable plan that could be used to implement a given strategy.

Practical skills

Students should be able to:

Use software tools and packages to research, plan and present information.

Transferable skills and personal qualities

Students should be able to:

Identify, gather and process information from a variety of sources..
Utilise problem solving skills and apply to “real world” examples.
Utilise IT to aid decision making.
Develop, structure and communicate ideas effectively.
Develop commercial awareness.

Employability skills

  • OtherThe unit attempts to link the students subject area with businesses in that field. Employers frequently report that while students are knowledgeable about their subject area they find it difficult to apply in commercial situations . The course attempts to get students thinking about the financial side of their subject area in particular linking adding value and innovation with financial realities. Previous students have reported this type of unit being useful when they have started employment.

Assessment Further Information

Formative feedback:
Basic costings for assignment - -300 words - No mark
Summative assessments:
Assignment 1 - 4000 words - 100%
 


 

Syllabus

This unit investigates the process of establishing and growing a business and the process of developing a new project within an organisation.  Emphasis is given to the essentials of financial management and risk management in a business or project, such as the research and development of a new product or service introduction. Attention is given to the process of identifying and using information concerning resources required for the proposed business activity.

Recommended reading

Main Texts

Throughout the unit the students will be referred to several online resources which they will be expected to read. Additional help can be found in the following texts:

“Accounting and Finance for Non-Specialists”, Peter Atrill and Eddie McLaney, Published by FT Prentice Hall (copies available in the library).
“Accounting a Smart Approach”, Marey Carey, Cathy Knowles, Jane Towers-Clark, Published by Oxford University Press
“Costing & Reports”, David Cox and Michael Fardon, Osborne Books
“Financial Management for the Small Business”, Colin Barrow, Published by Kogan Page

Additional References

“Small Business Management, an entrepreneurial emphasis”, JG Longenecker, CWMoore, JW Petty, South Western College Publishing
“The Business Plan Workbook”, Colin Barrow, Paul Barrow, Robert Brown, Published by Kogan Page
“Strategic Entrepreneurship – A Decision Making Approach”. Philip Whickham, Published by Prentice Hall
“Entrepreneurship”, David Kirby, McGraw Hill
“How to Master Finance”, T Gasking, Published by Kogan Page

Feedback methods

  • Attending lectures, joining discussions about case studies and doing short work tasks set within the lecture session.
  • Your lecturer will reply to brief individual questions at the end of each lecture session, if there are a few minutes to spare.
  • Your lecturer will provide brief replies to your e-mailed enquiry.
  • Your lecturer may feedback messages to the whole class via Blackboard if the point that you have raised could be of benefit to the whole class.

Study hours

  • Lectures - 24 hours
  • Independent study hours - 76 hours

Teaching staff

Robert Phillips - Unit coordinator

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