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CS34A0712 Business Governance and Entrepreneurial Renewal, 6 cr 
Code CS34A0712  Validity 01.01.2018 - 31.07.2019
Name Business Governance and Entrepreneurial Renewal  Abbreviation Business Govern 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Engineering Science 

Tuuli Ikäheimonen 
Timo Pihkala 

Description by Study Guide

M.Sc. (Tech.) 1



Teaching Language 


Teacher(s) in Charge 

D.Sc. (Econ. & Bus. Adm.) Tuuli Ikäheimonen

Professor, D.Sc. (Econ. & Bus. Adm.) Timo Pihkala


After completing the course the student:
- Knows the key theories in the field of governance, and understands thetheoretical starting points for governance research
- Understands the overall governance system and its various actors, and therole of the actor in the governance system.
- Understands the relationships between governance actors, key stakeholders andbusiness environment  
- Is able to analyze the company's characteristics, business and environmentand, basing on this, to provide suggestions for governance solutions that suitthe company's situation.
- Is able to identify the role and possibilities of the board of directors and itsindividual members in corporate renewal and business development.
- Is able to analyze the company boards and provide suggestions for their development


Different types of businesses (e.g. SMEs, family businesses,start-ups). Owners and stakeholders influence on governance. The concept andcontent of ownership strategy. Governance mechanisms. Advisory boards, familycouncils, the board of directors, top management teams. The structure,processes and roles of the board of directors. Governance research, theoreticalbase and research objectives. Development of governance. The role of the boardand individual board members in company renewal and business development.

Teaching Methods 

Lectures 20 h, 2nd period. Independent study 71 h, Course assignments 65 h. Total workload 156 h.

Examination in Examination schedule (Yes/No) 


Examination in Moodle (Yes/No) 


Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

0-5, course assignments 100%.

Course Materials 

Will be announced later.

Places for exchange-students? (Yes, number/No) 


Places for Open University Students?(Yes, number/No) 

max 10


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