An in-depth session organised by the KABADA team was held on the third day of the 15th Annual Scientific Conference on Business Management in the Baltics (ASBBMC 22) hosted by the KABADA project coordinator, the BA School of Business and Finance in Latvia.

The online/hybrid event entitled “Digitisation in Entrepreneurship Education: Development and Challenges of the KABADA Tool”  involved all the project partners with a very broad and complete spectrum of presentations on various aspects of the development and implementation process of the “super cool tool” to create business plan and start off businesses on the right foot.

The first part of the session saw the presentation of a study on the critical aspects for a successful start-up and the analysis of the business plan as a tool for entrepreneurial success, followed by presentations on various aspects and examples of digitisation in education and the description of financial risks and the role of the financial plan in business viability: this guided the webinar participants to frame the scientific-theoretical basis on which the KABADA tool was developed.

The second part of the session delved into the technical issues and development of the tool, from the role and design of Artificial Intelligence used to create the business plan, to the challenges and next steps that back-end and front-end programmers are facing to finalise the platform.

While the webinar was very successful and started to raise awareness of the functionality and great potential of the Kabada tool, the entire technical team is now focused on the testing and implementation phase of the platform’s new features.

Below are all the videos of the project partners’ presentations:

Welcome speech
Jānis Hermanis, KABADA project Leader, BA School of Business and Finance, Riga, Latvia

Business entrepreneurial success: determinant factors in different stages of business and maturity
Teresa Costa, PhD, Luisa Carvalho PhD, Institute Polytechnic of Setubal, Setubal, Portugal

The literature on the success or failure of a new venture in the long run remains disperse. This presentation illustrates a study on critical aspects for start-up success and the analysis of the business plan as a tool for entrepreneurial success.

Development of entrepreneurship education: in search of a new approach
Kristaps Lešinskis, PhD Cand., Inese Mavļutova, PhD, BA School of Business and Finance, Riga, Latvia

Presentation of research based on a critical literature analysis, existing research papers and reports on digitalization of education and quantitative surveys. It also includes the identification and discussion of innovative teaching methods, in particular automated digital softwares for distance education.

Artificial Intelligence in Higher Education
Juris Riekstiņš, ArtSmart, Riga, Latvia

Presentation on how the Artificial Intelligence helps to learn: Machine Learning is a subset of AI (algorythms whose performance improve with exposure to more data over time), which leads us to efficiency and individualization of education. Looking to the near future, AI will expand brain capacity.

Entrepreneurship assistance digital tool KABADA: concept and structure
Jānis Hermanis, BA School of Business and Finance, Riga, Latvia

Presentation of the Kabada tool concept (structured, web based platform to create business plan) and its structure (Industry, Risk Analysis, Filling Canvas, Filling SWOT, Personal Characteristics and Financial Propositions)

KABADA – a Business Model Tool to Support Entrepreneurs
Ana Rolo, PhD, Dulce Matos, PhD, Sandra Pinto, PhD, Institute Polytechnic of Setubal, Setubal, Portugal

“Only by preparing an extensive framework of questions and answers that can be objectively evaluated, one can have a glimpse of the success odds of the business venture.” Presentation of the categorisation of key success factors and risks.

Financial risks and the role of the financial plan in business viability
Inese Mavļutova, PhD, BA School of Business and Finance, Riga, Latvia

The business plan should incorporate the assessment of business success factors, including the identification of financial risks and the ability to manage them.

Use of digital tools in business education for youngsters
Eglė Naureckytė, ENTRI, Vilnius, Lithuania

Business Schools are strongly advised to explore alternative and disruptive ways of teaching in the classroom. Artificial Intelligence courses, the use of reality case studies and business simulation games are necessary for all young people willing to become entrepreneurs.

Usage of digital tools in entrepreneurship education for non-business students
Eva Abramuszkinová Pavlíková, PhD, Mendel University, Brno, Czech Republic

Presentation of a project with many connections to Kabada, “The Third Way”. This project aims to create innovative and accessible learning programmes that support understanding and awareness of social enterprise, developing tools and a curriculum to improve communication and knowledge sharing between the vocational and higher education sector and the so-called Third Sector

The KABADA tool development process and challenges
Justinas Zailskas, VIKO, Vilnius, Lithuania

The team’s mission is to create the front-end part of the tool. Presentation of how the project was developed on the programmers’ side and what challenges the front-end developers faced, using SCRUM project management methodology.

KABADA: how Artificial Intelligence can help make business plans
Bruno Opermanis, SWH SETS, Riga, Latvia

Presentation of how the Artificial Intelligence used to model the creation of business plan was designed, with a quick explanation of the Bayes networks (graph like model): challenges and next steps (data collection, AI evaluation in terms of uselfness and hint accuracy, user feedback collection).