Advanced Technology Enterprise for EEE

MCEL40011 Advanced Technology Enterprise for EEE 15 Semester 1 Undergraduate Level 4 Robert Phillips Unit coordinator Alliance Manchester Business School 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 <div> The unit aims to:1. 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.2. Introduce essential business finance and business risk management tools.3. To explore resources required to form, develop and grow a business or a product line within a business.4. To encourage students to think entrepreneurially as an essential component of their personal development.</div>  <div> The unit aims to:1. 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.2. Introduce essential business finance and business risk management tools.3. To explore resources required to form, develop and grow a business or a product line within a business.4. To encourage students to think entrepreneurially as an essential component of their personal development.</div><div>  </div> <div> The unit aims to:1. 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.2. Introduce essential business finance and business risk management tools.3. To explore resources required to form, develop and grow a business or a product line within a business.4. To encourage students to think entrepreneurially as an essential component of their personal development.</div><div>  </div> A1 Explain the essential elements of good business strategies and planningA2 Describe how business risks are identified and managedA3 Explain how to create and use the main tools of financial managementA4 Identify and explain the main issues in developing and resourcing a plan to meet given objectivesA5 Describe and explain alternative ways in which organizations may operate and develop B1 Recognise what constitutes effective business/project planningB2 Design and evaluate basic strategies to meet a given set of objectivesB3 Identify and assess business risks and describe how they may be managedB4 Compile and manipulate financial statements, cash flow, balance sheet, profit and loss.B5 Propose a workable plan that could be used to implement a given strategy C1 Use software tools and packages to research, plan and present information D1 Identify, gather and process information from a variety of sourcesD2 Utilise problem solving skills and apply to “real world” examplesD3 Utilise IT to aid decision makingD4 Develop, structure and communicate ideas effectivelyD5 Develop commercial awareness <div> 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.Topics Include</div><div style="margin-left:18.0pt;"> <ul> <li> Adding Value – How is value created by a company – linking your subject area with the commercial world</li> <li> Financial Statements – Cash Flow, Profit and Loss, Balance Sheet and what we can learn form them</li> <li> Diagnosing financial problems and what we can do about it – Break Even and Ratio Analysis</li> <li> Controlling costs and lean start-up</li> <li> Sources of Funding – From Banks, Venture Capital, Grants to Crowdfunding</li> <li> Risk – Financial implications of risk</li> <li> Exit Strategies for owners and equity investors</li> <li> Growing a Business</li> </ul></div><div> There is a consultancy session where you can get feedback about your assignments from the lecturer</div>  <div>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 Canvas including online financial exercises, supporting material, unit handouts, assignments other audiovisual resources that may be of interest to the students.</div>  0 Other 100% <figure class="table"><table border="1" cellpadding="0" cellspacing="0" width="619"><tbody><tr><td style="height:71px;width:187px;">Assessment task</td><td style="height:71px;width:99px;">Weighting within unit</td><td style="height:71px;width:108px;">Deadlines for submission of coursework</td><td style="height:71px;width:84px;">Deadline for return of feedback</td></tr><tr><td style="width:187px;">Verbal discussion of the topic selected for brief feedbackThere is also time set aside for assignment feedback before the hand in date</td><td style="width:99px;">n/a</td><td style="width:108px;">Week 1-2</td><td style="width:84px;">Week 2</td></tr><tr><td style="width:187px;">Assignment 1 – Adding value</td><td style="width:99px;">50%</td><td style="width:108px;">Week 3</td><td style="width:84px;">Week 5</td></tr><tr><td style="width:187px;">Assignment 2 – Risk analysis</td><td style="width:99px;">50%</td><td style="width:108px;">Week 9</td><td style="width:84px;">Week 12</td></tr></tbody></table></figure>  <div>Formative feedback is the feedback given to help you to develop and improve with the unit of study. Understanding the calculations in the formative feedback exercise will help you with creation of the financial spreadsheets.In this unit, there will be consultancy meetings with the lecture to get feedback on your work before it is submitted.Additional formative feedback is available to you through the following means: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 Canvas if the point that you have raised could be of benefit to the whole class.Summative work is any course assessment that contribute to the final mark for the unitSummative feedback for assignments is provided via Canvas. You may e-mail the lecturer to ask for further feedback and they might raise the point in the next lecture, reply to you or invite you to attend a brief one to one feedback meeting.</div>  Available to EEE students ONLY. N <div> Reading ReferencesMain TextsThroughout 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 PageAdditional 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</div>  Lectures 24 0 126 Available to EEE students ONLY.