Curricula Guides
BIDI0003 BIDI0003/MAS25/TJS23/LRS19 Business Development Laboratory 7 ECTS
Organised by
Business and Innovation Development
Person in charge
Vesa Hautala, Pasi Malinen and Veijo Pönni

General description

The course is not offered in 2017-2018.

Learning outcomes

The Business Development laboratory is targeted to commercialization of ideas and turning innovative ideas into business. After this course the students will be able to create a business plan for a new venture; be able to successfully apply the learned knowledge for development of a new product or business concept and be able to understand how modern technologies can support and create value for the business. The student will have the ability to systematically explore and create ideas or modify existing ideas for feasible business solutions and have a holistic understanding of the interaction between business functions within a company and of different phases of a business development process. After the course the student will also have enhanced ability to work in multi-disciplinary teams and have stronger presentation skills to market a new venture.

Contents

The students will work in teams with a business idea and learn to refine the idea to such a point that it can be seriously considered as a basis for creating a business, including the business ecosystem as a whole. The result of this process will be documented in a business plan. The Business Development Laboratory is built according to the principles of learning by doing.

Teaching methods

In addition to active participation in lectures and seminars, the course contains mentoring sessions with personal mentor(s), and presentations of the business plan to a panel of specialists.

The course assessment is based on a written business plan (60 %), oral presentations (20 %) and active participation (20%).

Teaching language

English

Modes of study

Lectures 24 h, Interactive seminars 24 h, Mentoring sessions.

Evaluation

Numeric 0-5.

Recommended year of study

3rd or 4th year

Study materials

Literature to support business development and business planning:

  1. The New Business Road Test: What Entrepreneurs and Executives Should Do Before Writing a Business Plan, Mullins, John W. (2003), FT-Press, 0-273-66356-9

  2. The Business Planning Guide: Creating a Winning Plan for Success, Bangs, David H. Jr. (2002), 079315409X

  3. Business Model Generation, Alexander Osterwalder & Yves Pigneur (2010)

  4. High-Tech Entrepreneur's Handbook: How to Start & Run a High-Tech Company, Lang, Jack (2002), 0273656155

  5. Technology Ventures: From Idea to Enterprise, Dorf, Richard & Byers, Thomas (2005), 0-07-3044660

  6. Seeing What’s Next – Using the Theories of Innovation to Predict Industry Change, Christensen, Clayton M. Anthony, Scott D. & Roth, Erik A. (2004), 1591391857

  7. Other literature specified by the teachers

Further information

In order to be able to start the Business Development Laboratory the non-business major students need to complete the Management of Start-ups course. The application deadline for the course is November 30th. For further information on the Business Development Laboratory, contact Veijo Pönni and/ or Vesa Hautala (veijo.ponni@utu.fi, vesa.hautala@utu.fi).

To all faculties at the University of Turku. To specific Masters' Degree programme students at Åbo Akademi University. Students from Turku School of Economics can also apply for the whole study module or solely for the Business Development Laboratory course (7 ECTS).

The IBC study module students need to complete 'BIDI0002 Introduction to innovation and business' and 'BIDI1002 Intermediate course on Business Management of Start-ups' (for non business majors) courses.

Belongs to following study modules

Department of Accounting and Finance
Department of Management and Entrepreneurship
Valinnaiset opinnot (Information Systems Science)
Department of Management and Entrepreneurship
Department of Management and Entrepreneurship
Department of Management and Entrepreneurship
Optional studies (Entrepreneurship)
Turku School of Economics
Obligatory core courses (Business and Innovation Development)
Department of Marketing and International Business
Department of Accounting and Finance
Department of Accounting and Finance
Valinnaiset opintojaksot (Accounting and Finance)
Department of Accounting and Finance
Department of Management and Entrepreneurship
Department of Management and Entrepreneurship
Department of Future Technologies
Department of Marketing and International Business
Department of Marketing and International Business
Department of Accounting and Finance
Department of Management and Entrepreneurship
Syventävät opintojaksot (Entrepreneurship)
2016–2017
Teaching
Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
Turku School of Economics
Finnish Study Modules
Common Studies
Postgraduate Degrees, TSE
UTU Graduate School, Studies in Field of Business