Course detail

Entrepreneurial Practice 4

FP-BEPR4EAcad. year: 2026/2027

Subjects Entrepreneurial Practice 1,2,3 and 4 constitute a logical coherent unit, ensuring continuous development of entrepreneurial and managerial skills. Entrepreneurial Practice. Entrepreneurial Practice 4 focuses on knowledge and skills necessary in the stage of growth and stabilization of the company as well as in the stage of termination of business activity, if applicable. Thus, key aspects of this part of the practice will include finalization of business sub-projects, evaluation of potential of company development and knowledge of procedures for termination of business activity. As the part of individual and team study plans, students will co-create their business specialization. Identically, these plans will help to control fulfilment of practical requirements. Link between practical training and ability to develop acquired knowledge is supported by workshops, developing areas corresponding with the current stage of life-cycle of the company. Thus, workshops will serve as a planned specialized development of people inside the company.

Language of instruction

English

Number of ECTS credits

12

Mode of study

Not applicable.

Guarantor

doc. Ing. Robert Zich, Ph.D.

Department

Institute of Management (ÚM)

Entry knowledge

Not applicable.

Rules for evaluation and completion of the course

Course is evaluated with grade credit.

  • Business projects – 40% of evaluation (up to 40 points)
  • Team company development – 10% of evaluation (up to 10 points)
  • Team sessions – 25% of evaluation (up to 25 points)
  • Self-learning – 10% of evaluation (up to 10 points)
  • Excellent project performance – 15% of evaluation (up to 15 points)

Possible extra points

  • ESBD program development – up to 5 points for specific “non-paid” activities like Open days etc.
    • Must be agreed with guide

Self-learning is a mandatory part of the course and must be assessed as acceptable. Failure to complete self-learning activities or an unacceptable formal level means that the course has not been completed.


Detailes are in module booklet (e-elarning).
Participation at the team sessions and other activities is compulsory, controlled and it is included in the final evaluation. Students can miss up to six team sessions per semester including exam period, except the final session focused on evaluation. Those six absences can be compensated by extra projects and tasks defined by the guide. This compensation must be delivered in the end of the credit week latest. If not compensated, the final score will be reduced for two points per each missed sessions.
ABSENCE EXCEEDING FIVE SESSIONS means that student WILL NOT PASS the course Entrepreneurial Practice.
If student miss more than six sessions because of health reasons (must deliver doctors certificate) or because of serious personal reasons, he/she can ask for an individual study plan. Nevertheless, individual study plan is not guaranteed!
Students are evaluated on the base of active participation – that means preparation of topics, materials, working on cases, discussions etc.

Students with an individual study plan must discuss detail requirements with lecturer and their team before the start of semester.

Aims

The objective is to create a space to start own business practice with the emphasis on creation, development and management of small and medium-sized company and related implementation of entrepreneurial projects.

Close interconnection between Entrepreneurial Practice 1,2,3 and 4 is vitally important from the point of development of knowledge and competencies of students.
Specific fields of development within Entrepreneurial Practice 4 are as follows: development of knowledge and skills for economic and financial aspects of termination of business projects and identification of strategic potential of development of the small company. Students will practically train activities related to tax, accounting, and legal aspects of business activity. Students will develop analytical skills necessary for business activities in the global environment. Students will gain practical experience in the area of management of relations with various groups of stakeholders. Students will practically train formulation of strategy of development of the small company. Students will be able to clearly formulate potential of development of the business company and choose approach to finalization of business activities. Students will be able to solve termination of activity of small and medium-sized company.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BURNS, P. Entrepreneurship and Small Business. UK: Palgrave. 540 pp., 2016. ISBN 978-1-137-43035-9. (EN)
HITT, M.A., IRELAND, R.D. and R.E. HOSKISSON. Strategic Management - Competitiveness and Globalization: Concepts and Cases. 12th ed. South-Western College Pub, 2017. 896 p. ISBN 978-1-305-50214-7. (EN)
ROPER, S. Entrepreneurship: A Global Perspective (Routledge Masters in Entrepreneurship). 1st ed. Routledge, 2012. 168 p. ISBN 0415695538. (EN)

Recommended reading

HOBSON, R. Small Companies, Big Profits: How to make money investing in small companies. Harriman House, 2008. 232 p. ISBN 1905641788. (EN)
KANDER, D. All In Startup: Launching a New Idea When Everything Is on the Line. 1st ed. Wiley, 2014. 304 p. ISBN 1118857666. (EN)
KAPFERER, J.N. The New Strategic Brand Management: Advanced Insights and Strategic Thinking (New Strategic Brand Management: Creating & Sustaining Brand Equity). 5th ed. Kogan Page, 2012. 512 p. ISBN 0749465158. (EN)
WÖRDEMANN, W., BUCHHOLZ, A. and N. WILEY. The Impossible Advantage: Winning the Competitive Game by Changing the Rules. 1st ed. Wiley, 2009. 220 p. ISBN 0470717122. (EN)

Classification of course in study plans

  • Programme BAK-ESBD Bachelor's 3 year of study, winter semester, compulsory

Type of course unit

 

Exercise

104 hours, compulsory

Teacher / Lecturer

doc. Ing. Robert Zich, Ph.D.

Syllabus

  • Practice Plan Revision: Review and adjustment of individual and team objectives based on the current stage of the internship.
  • Global Business Context: Analyzing the impact of the global environment on the company’s business activities.
  • Strategic Management: Long-term development plan for a small company within a competitive international market.
  • Stakeholder Management: Identifying and managing relationships with key stakeholders (investors, partners, customers).
  • Preparation of New Projects: Research and design phase for upcoming business initiatives.
  • Project Elaboration & Assessment: Detailed development and evaluation of business projects, including feasibility studies.
  • Evaluation of Business Development: Critical assessment of the company’s progress and growth during the monitored period.
  • Project Finalization: Formal closing and assessment of completed business projects.
  • Tax, Accounting & Legal Aspects: Managing the financial and legal requirements for finalizing or closing business activities.
  • Business Finalization Planning: Strategic planning and execution of the final stages of specific business activities or projects.
  • Final Reporting & Documentation: Compilation of the final report and underlying materials for the strategy defense.
  • Defense of Development Strategy: Final presentation and defense of the business development strategy and results.

 

Professional Knowledge

  • The student explains the principles of the strategic management of a small business in a competitive and international environment.
  • The student describes the importance of data analysis, sales support, and stakeholder relationship management for the further development of the company.
  • The student characterises the financial, accounting, and legal aspects of project completion and decision-making regarding the future direction of the company.

Professional Competencies

  • The student is competent to critically evaluate the development achieved by the company and its further growth potential.
  • The student is competent to prepare options for the continuation, transformation, or termination of entrepreneurial activities.
  • The student is competent to formulate a company development strategy with regard to data, market context, and stakeholder relationships.

Professional Skills

  • The student evaluates company development and entrepreneurial projects on the basis of relevant data and achieved results.
  • The student prepares a plan for further company development or a plan for the termination of selected activities or projects.
  • The student prepares and defends a strategy for the next course of action, including related financial and legal aspects.

Self-study

184 hours, compulsory

Teacher / Lecturer

doc. Ing. Robert Zich, Ph.D.

Individual preparation for an ending of the course

24 hours, optionally

Teacher / Lecturer

doc. Ing. Robert Zich, Ph.D.