Module Identifier RS33420  
Module Title EQUINE BUSINESS PLANNING AND DECISION MAKING  
Academic Year 2003/2004  
Co-ordinator Mr Anthony O'Regan  
Semester Semester 2 (Taught over 2 semesters)  
Pre-Requisite RS23410  
Mutually Exclusive RS33320  
Course delivery Lecture   22 Hours Semester 1: 11 x 2 hour lectures  
  Practical   24 Hours Semester 1: 8 x 3 hour practicals  
  Lecture   6 Hours Semester 2: 6 x 1 hour lectures  
  Practical   18 Hours Semester 2: 6 x 3 hour practicals  
Assessment
Assessment TypeAssessment Length/DetailsProportion
Semester Assessment Spreadsheet Outcomes assessed: 2, 5  5%
Semester Assessment Business planning Case Study Outcomes assessed: 1, 2, 3, 4, 5, 6  65%
Semester Assessment Investment appraisal Outcomes assessed: 4, 6  30%
Supplementary Assessment Case study, covering all outcomes  100%

Learning outcomes

On completion of this module students will be able to :

1.   Understand the requirements of planning equestrian businesses.
2.   Construct (fully) detailed business plans (including financial statements).
3.   Understand and appreciate the effects of different trading structures.
4.   Appreciate informational requirements of financial institutions in lending assessments.
5.   Appreciate the different techniques and resources available for planning.
6.   Understand and evaluate investment decisions.


Aims

To introduce students to whole business planning techniques. These techniques will include business and personal aspects, uncertainty and risk analysis and business distress and failure. Alternative structures for equestrian ventures will also be examined.


Content

The object of this module is to introduce students to equine business planning and decision making, uncertainty and risk analysis and business distress and failure. Alternative structures for equestrian ventures will also be examined. Investment appraisal techniques will be investigated and assessed.


Transferable skills

.1 Independent project work
   Completion of the investment appraisal and case study

.2 IT and information handling
   Use of spreadsheet and word processing packages

.4 Writing in an academic context
   Production of case study.

Reading Lists

Books
Bacon I R and O'Regan T (1999) Equine business guide 3rd. Welsh Institute of Rural Studies, Aberystwyth
(1992) Croner's Farm Business Management Croner Publications, London
Dale B and Cooper C (1992) Total quality and human resources Blackwell
Hardmans J P (2000) Hardmans tax rates and tables CCH Publications
MacDonald J W (1988) Running a stables as a business J A Allen
Paice D A (1982) Critical path analysis basic techniques Longman

Notes

This module is at CQFW Level 6