Business Implementation Project

Code:

MIET0011

Acronym:

PI

Keywords
Classification	Keyword
OFICIAL	Business Management

Instance: 2010/2011 - 2S

Active?	Yes
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Master in Innovation and Technological Entrepreneurship

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIET	18	Syllabus since 2008/09	2	-	2	14	53,33

Teaching language

Portuguese

Objectives

This course unit aims to support the enhancement of a business plan in order to prepare the start of a new technology- based company by using or not seed capital or risk capital. This course unit also aims to orient teams in the final enhancement of a business plan, taking into account its preparation in order o present it to the investors.
After the completion of this course unit, students should be capable of:
- performing a development planning of a new technology-based product/service;
- selecting a management team for their business;
- identifying the most adequate way of financing their investment project.

Program

The methodology of this course unit is based on functional, strategic and market opportunity analysis, to be developed in groups from two to five students.
During the semester is carried out the validation of key areas which have to be covered in the implementation of a business. It will take place in thematic sessions where the reflection in group is valorised. Some guests will also take part of those sessions.
As a result, the first integral version of a business plan will emerge.
Sessions will be organised in the following way:

- Presentation of the course unit;
- Presentation of the course unit; Assessment rules; Having a starting plan: how to organise and monitor it.


- Mobilising the necessary human resources;
- How and when to start: HR: How to structure a team;

- Commercial start & internationalisation;
- Commercial start & communication of company’s existence. Internationalisation as a second challenge to existence.

- Sources of finance
- How to guarantee minimum financing when starting a business. Alternative sources.

- Everyday taxation

- Taxation: VAT, Social Security, Corporate Income Tax (IRC), Internal Revenue Service (IRS).


- Treasurer’s department and legal matters:
- Legal mattes: Necessary steps to start a business; Treasurer’s department; Legal matters management and implications in management decisions.


- Final presentation:
- Presentation of the implementation projects

The final project of implementation has to be done in groups.
Groups are responsible for only one implementation project and cannot be constituted by less than two students or more than five.
The composition of the groups and the choice of technology in which the business plan will be based is students’ choice.
Up until the day before of the second session, groups have to inform the professors about their final formation and technology selected, at risk of being excluded of the continuous assessment component.

Mandatory literature

Jeffry A. Timmons and Stephen Spinelli; New venture creation. ISBN: 978-007-127632-0

Complementary Bibliography

Generico, Inc. - An Example of a Complete Business Plan, PwC, 1999

Teaching methods and learning activities

Tutorial practical classes:
Answer to students’ doubts about the resolution of problems and homework.
Case studies presented by guests.

Evaluation Type

Distributed evaluation with final exam

Eligibility for exams

Article 4 of General Evaluation Rules of FEUP.
Minimum grade of 40% in the continuous assessment component.

Calculation formula of final grade

Participation in weekly sessions: 40% of the final grade
Final project of implementation and defence: 60% of the final grade

Examinations or Special Assignments

The quality of students’ oral participation in fortnightly sessions will be assessed by the professors and it will be graded from 0 to 0.8 marks, according to the grading standards presented in the first session.
Students who miss classes and latecomers (tolerance of 10 minutes) will earn a zero in the oral component of that session.
Students who miss or arrive late in more than three sessions will be excluded from the continuous assessment component.
The assessment of the assignments mentioned in session 7 (not more than 20 slides) is of professors’ responsibility.
In the first session students will be familiar with the assessment elements of the final assignment, which is scheduled for session 7.
In the first session will also be available slide templates which have to be followed in all presentations.

Classification improvement

Students may improve their continuous assessment grades by attending a special exam during the season of exams.
It will be based on the final exam, which will combine the development and assessment, by a jury of professors, of an implementation plan, in order to shows students’ skills in the parameters referred in “Objectives, Skills and Learning Outcomes”. Besides the development of an implementation plan in a written form, it will always take place an oral exam.
If the professor responsible for the course unit so decides it, students may improve their grades by developing a particular chapter of an implementation plan, in order to show their skills in the parameters referred in “Objectives, Skills and Learning Outcomes.
Besides the development of an implementation plan it will always take place an oral exam.

Observations

All the assignments must be original and performed by the group.
Ideas of other colleagues/groups may be used, but assignments must not be copied.
The assignments have to be sent to professor’s e-mails up until 24 hours before the session where they will be analysed.
The assignments handed in after the deadline will not be corrected.