Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Seminar
Workshop
Module Offerings
5053YPCBM-JAN-PAR
Aims
According to the Department for Business Innovation and Skills, small to medium-sized enterprises account for 99.9% of all private sector businesses in the UK, employ over 15 million people and have a combined turnover of over £1,647 billion. It is crucial Business Management students can appreciate their importance to the economy, understand how to start-up and grow a business and the factors likely to influence their success or failure.
The aims of the module are to enable students to examine the concept of entrepreneurship and small business management; to enable them to understand the process of starting-up and managing a new business and to facilitate students understanding of the financial reporting statements, which assist in the process of assessing a small business' performance
Learning Outcomes
1.
Demonstrate the importance of SMEs to the economy
2.
Illustrate the process of starting-up a new business and critically evaluate the factors likely to impact its success or failure
3.
Critically evaluate the approaches to and issues of managing a Small to Medium-Sized Enterprise
4.
Interpret financial accounting statements in order to evaluate how a smaller business is performing
Module Content
Outline Syllabus:Significance of small to medium-sized enterprises to the economy
Different types of entrepreneurship and entrepreneurs
The process of starting-up a new business
Innovation in smaller businesses
Managing a small to medium-sized enterprise
Growing a small business
Using financial accounts to understand a small businesses performance
Additional Information:This module introduces students to the process of starting-up, managing and growing a new business. It focuses on the various aspects of a smaller business which are likely to make it a success or failure.