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Front Page > Current Education > Mechanical and Production Engineering (KT) > 2021 > Year 1 > Entrepreneurship and Business Administration (IKTP1122)

Entrepreneurship and Business Administration

Structure Type: Study unit
Code: IKTP1122
Curriculum: KT 2021
Level: Bachelor of Engineering
Year of Study: 1 (2021-2022)
Semester: Autumn
Credits: 5 cr
Responsible Teacher: Saarikoski, Lotta
Language of Instruction: Finnish

Courses During the Academic Year 2021-2022

Impl.Group(s)Study TimeTeacher(s)LanguageEnrolment
3003ET2021-1A, ET2021-1B, ET2021-1C, ET2021-1D2021-08-02 – 2021-12-31Katariina Pukkila-PalmunenFinnish2021-08-01 – 2021-09-06
3004KT2021-1A, KT2021-1B, KT2021-1C, KT2021-1D2021-09-01 – 2021-12-20Lotta SaarikoskiFinnish2021-08-01 – 2021-09-06
3005YT2021-1A, YT2021-1B, YT2021-1C, YT2021-1D2022-01-01 – 2022-04-30Lotta SaarikoskiFinnish2021-12-01 – 2022-01-10
3006KT2021V-1A, KT2021V-1B2021-08-02 – 2021-12-29Katariina Pukkila-PalmunenFinnish2021-08-01 – 2021-09-06
3007ET2021V-1A, ET2021V-1B2022-01-01 – 2022-05-01Lotta SaarikoskiFinnish2021-12-01 – 2022-01-10

Still need to take the course? See the courses during the academic year 2023-2024.

Learning Outcomes

• understands the entrepreneurial process and basic concepts related to it
• is able to join discussion related to entrepreneurship
• is able to analyze ones personal intrepreneurship and entrepreneurship skills and abilities
• is able to do a business plan for a start up company and to start a company
• the student understands the interaction between various operationd in the company and can evaluate the efficiency of these operations using various indicators
• is able to control the process of operations so that the company is profitable
• understands how fiancial statements are prepared from book keeping information and can assess the economic situation of a company based on the fianacial statements

Student's Workload

Total work load of the course: 135 h
- of which scheduled studies: 70 h (can be contact teaching and virtual teaching)
- of which autonomous studies: 65 h
The assessment of student’s own learning 1h is included in contact lessons.

Prerequisites / Recommended Optional Courses

No prerequisites needed.


Basic concepts, possibilites and requirements of entrepreneurship, external and internal entrepreneurship, entrepreneurial process, own entrepreneurial attitude, impact of envoironment to entrepreneurship, business plan, operational processes in a company, financing of a company, the relation between financial statements and accounting information, evaluation of the financial state of a company, interaction between profitability, quality and productivity.

Recommended or Required Reading and Other Learning Resources/Tools

Kim, W.C.; Mauborgne, R. (2005). Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant. Boston: Harvard Business School

Other teaching material provided by the teacher.

Mode of Delivery / Planned Learning Activities and Teaching Methods

Contact teaching, virtual teaching, teamworking using different group work methods, discussions, assignments, presentations.

Assessment Criteria

1: The student is able, with guidance, to utilise the methods learnt during the study unit satifactorily.
3: The student is able to utilise the methods learnt during the study unit independently with good skills.
5: The student is able to utilise the methods learnt during the study unit independently and is able apply the learnt knowledge in new contexts in a creative way and exceptionally well.

Assessment Methods

Written exam/Learning Diary, assingnments