Course detail
Business Development Assessment
FP-BBDAEAcad. year: 2020/2021
Business development represents ideas, initiatives and activities leading to further direction and improvement of the current performance and efficiency of the company. This includes decisions to increase revenue, grow in terms of business expansion, increase profitability by building strategic partnerships, and make strategic business decisions, such as selling a business or, conversely, selling franchise rights. Assessing the state of business can help identify business growth and development opportunities or, conversely, lead to the finding that some parts of existing business activities do not work or there is a lack of alignment between the internal and external environment of the company.
One of the biggest challenges in running a small business is the time to objectively assess how the business is actually run. The assessment of business activity provides a fair and impartial view, which is necessary when making strategic decisions about the direction of further business.
Business development activities cover a variety of areas including strategy, business models, sales, marketing, project management, product management and stakeholder relationship management. Networks, negotiations, partnerships and cost-saving efforts are also involved. All these different areas and activities should be driven by business development goals and be consistent.
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Number of ECTS credits
Mode of study
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Department
Learning outcomes of the course unit
Skills - the student acquires and processes relevant information from the organization environment, evaluates the potential of the company development in relation to possible cooperation with partners and investors in the environment, elaborates potential directions of development of the company and elaborates them into concrete interventions and links them to the company's goals. to solve problems, to contribute constructively to problem-solving and decision-making, to conduct a discussion to solve the problem and to find solutions, effectively use teamwork and apply management and leadership principles.
Competence - the student is able to comprehensively evaluate the current functioning of the company, decides on the selection of the most suitable analyzes, methods and approaches for data collection, is able to identify problems and challenges related to the management of the company, decides and chooses appropriate interventions based on feedback of information diagnosis, selects and implements the best Interventions for change with regard to the goals of a small company, proposes steps, actions and activities, including their transfer into practice, interprets the results of analyzes and information, evaluates the impacts of development interventions, creates and develops a team for complex business development project solutions.
Prerequisites
An important part of the process of business assesment is collecting and analyzing data both inside and outside the company, so it is essential that students have the knowledge and skills of Applied Analytical Statistics and Market Research.
Co-requisites
Planned learning activities and teaching methods
Teaching at seminars takes the form of individual and team solutions, including team discussions representing group interaction. Teaching at the exercises requires teamwork and team discussions with the teacher and other members, which will be held at the seminars every week. Participation in team discussions deepens the understanding of small business organizational development. Students acquire the necessary skills and competencies in the form of communication at the owner or manager level in the company, communication in the team to solve complex projects. Students train the ability to solve problems and challenges, critically analyze and evaluate specific approaches and apply them in the context of their own business, formulate and present their ideas clearly.
Assesment methods and criteria linked to learning outcomes
1. Training activities * (40%) - will take the form of discussions and processing solutions.
2. Final project (40%) - presentation and processing according to the choice of specialization.
3. Test of knowledge prerequisites (20%) - is based on the study of the content of the curriculum presented in lectures.
* Training activities = discussion sections, assignment processing (individuals / teams), case studies and workshops mean a "one-day block of activities" according to a time schedule (ongoing scoring activities)
Course curriculum
2. The life cycles and normative models - biological concept of organizational development, pyramid of organizational development, recognizing the pain of growth. Different relationships with stakeholders in various phases of the organizational life cycle.
3. An internal and external context as stimulus for development - open systems model, alignment of strategic orientation and design components. Internal vs external orientation, life-style and growth-oriented small businesses.
4. Indroduction to business development model: plan-implement-execute-evaluate. Diagnostic analyse - diagnosis and assessment at organization, collecting and analysing diagnostic information and feedback. Overview of different analytical-research methods used in BDA process.
5. Design and implementation– techno-structural intervention, development of organizational structures, interventions in Human Resource Management, process interventions, strategic change interventions. Implementation and action planning.
6. Execute and evaluate - measurement and effectiveness of interventions, measuring organizational development intervention as feedback-loop.
7. Time for individual or teams preparation of the project – „off the job“
(Based on ongoing individual or teams consultation)
8. Project presentation and feedback-loop
9. Project presentation and feedback-loop
10. Test (exam), submission of a completely processed project
Work placements
Aims
This subject does not address the seed, start-up phase or the preparation of a business plan for starting a completly new business venture. However, within the course it is possible to process a business development plan for an existing, established company within new business opportunities, challenges, diversification strategies, etc. The focus of the problem shifts to assessing potential in the company environment and availability of company resources and capabilities.
Students can apply knowledge and skills in the development of own business or be a part of multi-functional teams responsible for business development related to the preparation and implementation of changes in small as well in larger enterprises, or as external specialist in the form of 3th party consultancy.
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Flamholtz, E. G., Randle, Y. Growing Pains: Building Sustainably Successful Organizations. 5th edition. John Wiley & Sons. 2016. 400 p. ISBN 1118916425. (EN)
Flamholtz, E. Randle, Y. Leading Strategic Change: Bridging Theory and Practice. Cambridge University Press. 2008. ISBN 1139471775. (EN)
Recommended reading
Classification of course in study plans
Type of course unit
Lecture
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