I. SUBJECT DESCRIPTION
II. SUBJECT REQUIREMENTS
III. COURSE CURRICULUM
SUBJECT DATA
OBJECTIVES AND LEARNING OUTCOMES
TESTING AND ASSESSMENT OF LEARNING PERFORMANCE
THEMATIC UNITS AND FURTHER DETAILS
Subject name
BUSINESS ENVIRONMENT
ID (subject code)
BMEGT20A009
Type of subject
contact lessons
Course types and lessons
Type
Lessons
Lecture
2
Practice
0
Laboratory
0
Type of assessment
exam grade
Number of credits
3
Subject Coordinator
Name
Dr. Bognár Ferenc
Position
research fellow
Contact details
bognar.ferenc@gtk.bme.hu
Educational organisational unit for the subject
Department of Management and Business Economics
Subject website
Language of the subject
magyar - HU; angol - ENG
Curricular role of the subject, recommended number of terms

Programme: Business administration and management Bachelor’s Programme from 2021/22/Term 1

Subject Role: Compulsory

Recommended semester: 2

Direct prerequisites
Strong
None
Weak
None
Parallel
None
Exclusion
None
Validity of the Subject Description
Approved by the Faculty Board of Economic and Social Science (30.01.2019) with the 7th decision on the 580.063/4/2019 registration number that is valid from 30.01.2019.

Objectives

To define the business environment precisely is neccessary and rational criterion for successful business planning and implementing. The aim of this course is to present starting points to understand the diversity of the business environment, to master the methodologies used in international practice to explore the business environment, and to understand the basic concepts and system of strategic planning.

Academic results

Knowledge
  1. Know the basic conceptual framework of business strategy and the essence of strategic planning.
  2. Know the typical expectations of stakeholders of business processes.
  3. Understand all the important models and methods of analysing the business environment.
  4. Have an overview of the received results of analysing the business environment and understand their application possibilities and perspectives to transformate them to a strategic level.
Skills
  1. Are able to learn independently,
  2. Have the ability to follow and understand the literature of the business environment,
  3. In their professional vocabulary, they confidently use the vocabulary of the business environment during oral and written communication.
  4. Are able to take part professionally in analysing the business environment.
Attitude
  1. Cooperate with their professors and the other students to expand their knowledge.
  2. Expand theirknowledge by constantly acquiring knowledge.
  3. Strive to follow and use the changes of analysing methods of the business environment.
  4. Strive to analyse the environment thorougly and systematically.
Independence and responsibility
  1. Are able to perform exact analysing tasks in accordance with the professional expectations of a professional work community.
  2. Perform their analysing work with the independence and responsibility appropriate to their place in the organizational structure.
  3. Cooperate with their colleagues during teamwork during finding solutions and solving tasks.
  4. Apply systematically approaching for environment-analysis.

Teaching methodology

Lectures, analysing exercises, written and oral communication, using IT devices and techincs, group-work tasks, work-organization techniques.

Materials supporting learning

  • Capon, C. (2009): Understanding the Business Enviroment, Pearson, Harlow
  • Worthington, I., Britton, C. (2009): The Business Enviroment. Sixth Edition. Pearson, Harlow
  • Hamilton, L., Webster, P. (2015): The International Business Environment. Third Edition. Oxford University Press, Oxford

General Rules

Obtaining a signature is subject to the minimum level of the aggregate results of the two midterms to be written during the semester, as well as the timely submission of group assignments to be completed during the semester, class presentations and the minimum level of give-in tasks. A grade can be obtained from the subject on the basis of a written examination taken during the examination period.

Performance assessment methods

Detailed description of the performance evaluations carried out during the term: 1. The midterm is done in writing. 2. Both midterms focus on the concepts and basic knowledge of the discussed topics. The midterms typically consist of tests, and possibly short, questions, tasks, and true-false statements that require answers in a few words. 3. You have 20 minutes to write each midterm. 4. A total of 20 points can be obtained based on the two midterms, each midterm is worth 10-10 points. 5. 20 points can be obtained with the group task. 6. Oral and detailed written information on the details of the group assignment will be given during the first lecture. It is possible to submit the group assignment no later than seven calendar days before the start of the student presentations. 7. A grade can be obtained during the semester on the conditions of which are announced by the lecturer at the beginning of the semester. Detailed description of the performance evaluation carried out during the exam period: 1. The exam is done is writing. 2. The exam focuses on the complex understanding of the topics discussed and the insight into their contexts, so by its nature it is of the essay-type. Essay questions that may occur in the exam will be announced during the term. 3. You have 25 minutes to write the exam. 4. The exam contains an essay question, based on which a total of 10 points can be obtained. 5. The exam is successful if at least 5 points are achieved.

Percentage of performance assessments, conducted during the study period, within the rating

Percentage of exam elements within the rating

  • written exam: 100%
  • total: 100%

Conditions for obtaining a signature, validity of the signature

The condition for getting the signature is to obtain a minimum of 10 points from the group task to be submitted, and a total of at least 10 points from the two midterms.

Issuing grades

%
Excellent 10-100
Very good 9
Good 8
Satisfactory 6-7
Pass 5
Fail 0-4

Retake and late completion

The time for the retake/make-up of the Midterms is the last week of the term. Both midterms can be replaced / repaired. In case of retake/make-up, the result achieved on the retake/make-up midterm counts. It is possible to give in the group assignment no later than three calendar days before the start of the student presentations. The make-up and retake of the midterms are in accordance with the Code of Studies.

Coursework required for the completion of the subject

Nature of work Number of sessions per term
participation in contact hours 14×2=28
preparation of group work and presentation csoportos beadandó feladat elkészítésében, bemutatásában való részvétel 8x3=24
preparation for the exam 38
total 90

Approval and validity of subject requirements

Consulted with the Faculty Student Representative Committee, approved by Emma Lógó, PhD, Vice Dean for Education

Topics covered during the term

To achieve the learning outcomes set out in section 2.2, the course consists of the following areas and topics.

Lecture topics
1. Business environment’s concept and its relations to the concepts of value, mission and vision.
2. The relationship of the business environment and strategic planning.
3. Studying of the business envionment, as a teamwork.
4. Tools detemining the position in the business envionment.
5. Application of PESTEL and SWOT in a case study.
6. Resouce and stakeholder analysis through case study.
7. Business Canvas and its application possibilities.
8. Maco-level cultural aspect of business environment, national culture.
9. Micro-level cultural aspect of business environment, organizational culture.
10. Student presentations.

Additional lecturers

Name Position Contact details

Approval and validity of subject requirements

Part III of the Subject Form is to be approved by the Head of Department of Management and Business Economics named under 1.8.