Application of benchmarking as a business performance tool; improving business performance; case study examination of accounts for two different types of equine business; equine diversification including tax planning; racecourse management. Students will undertake an appraisal of a ‘live’ business in the following areas: financial and management accounts, human resources, statutory requirements, planning considerations, expansion and development opportunities and tax planning.
To achieve credit for this module, students must be able to:
- Understand the application of a business performance tool through analysis.
- Interpret a set of accounts using two different types of equine business.
- Produce an appraisal of a ‘live’ equine business to include a resource appraisal, financial appraisal and human resource appraisal.
- Working as part of a team, create a product idea for the equine market and develop the idea to a fully costed proposal and pitch delivered to industry professionals.
|Coursework||The creation of a product for the equine market with submission of the product proposal, a pitch to industry professionals, a self-reflection and peer assessment.||100%|
Students should be familiar with the content of at least one of the following:
- Bacon, R. (2005). Equine Business Guide. (5th edition). Warwickshire College.
- Butler, J. (2003). Tolleys’ Equine Tax Planning. Tolleys.
- Eastwood, S. et al (2006). Business Management for the Equine Industry. Blackwell.
- Houghton-Brown, J. (2001). Horse Business Management. Blackwell.
- McDonald, M.A. (2009). Starting and Running Your Own Horse Business. (2nd edition). Storey Publishing.