Managing profitable tourism and hospitality businessLaajuus (5 cr)

Objective

You know how to apply financial thinking in business management.
You can use financial information in planning organisations' operations, in decision-making and management to support strategic work.
You can use accounting information to implement strategies.

Content

What is financial planning, control and monitoring in the strategy process?
How to apply budgeting and forecasting models, investment and finance models and product and customer profitability accounting to support strategic work?
How to use accounting information to implement strategies?

Accomplishment methods

Students can
a. find, study, produce and assess critically multidisciplinary data in their field of expertise.
b. solve demanding problems in research, development and innovation activities.
c. assess and manage independently individuals’ and teams’ operations.
d. be responsible for operations and develop them independently.
e. assess different strategic approaches and justify their use in terms of management and development.
f. work independently in the expert duties of their professional field or as entrepreneurs.
g. communicate proficiently and systematically in the spoken and written language.