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Finance and Management

Finance and Management

Code: FIN1SP001

Extent: 5 ECTS

Timing: I year autumn – II year spring

Language: English

Level: Advanced Professional Studies

Type: Compulsory

 

Finance

Learning outcomes

Upon successful completion of the course, the students will

  • understand key economic terms

  • understand basic connections between sport and economy

  • understand the public sector, private sector and third sector economics of sport

  • understand the consumer price of sport

  • understand the economic impact of sport

  • understand the monetary value of sport and different ways to measure it

  • have knowledge of different kind of resources necessary in sport

  • develop their economic and related analytical skills

    Course contents

    The course will introduce macro- and international economics concepts and theories related to sport. Sport finance topics will be discussed related to corresponding theories. The student will be familiarized to the different sectors of society and financial connections between them. The student will be introduced to the theories related to economics of sport, effective sport organizations, financial challenges as well as financial development of sport.

    The following topics will be covered:

  • Current macroeconomic and microeconomic issues and related theories

  • Consumer price of sport

  • International sport trade

  • Public, private and third sector and sport financing

  • Sport finances and the EU

  • Economic impact of sport

    Cooperation with the business community

    Guest lecturers from different organizations can be invited to share their experiences and to give their insight to course related issues.

    International dimension

    Cases and readings are from international economics contexts.

    Teaching and learning methods

    Lectures 20 h, articles, group work, discussions and oral examination
    Term paper
    Independent work 40 h
     

    Teacher responsible

    Kari Puronaho

     

    Course materials: Gratton & Taylor: Sport and Recreation – Economical Analysis, Howard & Crompton: Financing Sport, FIBA2014 World Cup, FIVB 2014 World Cup, Sport Business Intelligence – Case WRC Neste Oil Rally Finland, material given during the lectures

     

    Assessment criteria

    Oral examination 80 % (scale failed 1-5) and term paper evaluation 20 % (1-5).

 

Management 

Learning outcomes

The student will understand the basics of strategic management and is able to assess the strategy of an organization and plan a project to support this strategy. He /she will understand the concept of project portfolio management. The student will get familiar with the process of planning new services as well as the service design approach.  He/she will be aware of the key components of modern human resource management and will understand the role of human resources in implementing change. The student will understand this HR factor to be crucial in all areas covered in this part (strategy, projects, service design and HRM).

Content:

  • Strategic Management

  • Research / Development Project Management

  • Service Design and New Service Development

  • Modern Human Resource Management

Cooperation with the Business Community:  Studies and all assignments are closely connected with each student’s employer. Cases and material on sports business community.

International Dimension:  Real cases and material.

Teaching and Learning Methods:  Lectures, workshops, distance learning, group work and individual assignments to apply the theories into practice at work.

20 h contact hours (consisting of various elements: lectures, team work, workshops etc.)

45 h distance learning

Teacher Responsible: Outi Kangas-Korhonen

Course Materials:

K. Cameron: Positive Leadership. Strategies for Extraordinary Performance. 2nd ed. 2012. Berrett-Koehler Publishers.

P.Chelladurai: Managing Organizations for Sport and Physical Activity. A Systems Perspective. 4th Edition. 2014. Holcomb Hathaway.

J.P.Kotter: Leading Change. 2012. Harvard Business Review Press

L Robinson, P. Chelladurai, G.Bodet & P. Downward (ed.) : Routledge Handbook of Sport Management. 2012. Routledge.

&  cases or other materials distributed during the course

 

Assessment Criteria: 

Application of the learning outcomes in individual work-related assignments

5 Through understanding of the learning outcomes listed above and excellent ability to apply them creatively to a real case in the own organization.  Very good and constructive co-operative skills in group work.

3 Fairly good understanding of the learning outcomes and ability to apply this knowledge at work although not always very innovatively. Active participation in group work.

1 Some understanding of the concepts but inability to put them into action in real cases. Input in group work limited (both scope & content)

 

Creativity in Innovation Processes

Learning outcomes

The student will understand not only the basics of creative methods, creative processes, innosession methods and collective creativity but also can use the methods in various sport management related planning processes.

Content:

  • Creative methods, Improving creativity, creativity method tests, innosession methods, collective creativity, pop up innovation

International dimension: International cases and material

Teaching and learning methods: Lectures 20 h, discussion forum, group work and additional readings (Nordic Innovation Center)

Teachers responsible: Tapani Frantsi, Anne Pässilä, Satu Paajanen

Course materials: Provided by the teachers

Assessment criteria: Discussion forum presentations will be evaluated

5 Through understanding of the learning outcomes listed above and excellent ability to apply them creatively.   Very good and constructive co-operative skills in group work.

3 Fairly good understanding of the learning outcomes and ability to apply this knowledge at work although not always very innovatively. Active participation in group work.

1 Some understanding of the concepts but inability to put them into action in real cases. Input in group work limited (both scope & content)