ME1000 Industrial Management 6.0 credits

Industrial Management

Engineering is more than technology. To participate in technology-based businesses as an engineer, carry out projects, develop businesses and lead teams and employees in today's companies, a solid knowledge in industrial management is needed. In practice, the key to success lies in an understanding of technical and economic aspects of decisions.

Offering and execution

Course offering missing for current semester as well as for previous and coming semesters

Course information

Content and learning outcomes

Course contents *

Industrial dynamics and the interplay with competitors and stakeholders (customers, suppliers, employees, the society at large and so on), the distinctive character of industrial operations, organization & human resource management, innovation & entrepreneurship, leadership, strategic planning, marketing, cost-volume-profit analysis, accounting & bookkeeping, finance (supply & use of capital), cash-flow analysis, investment appraisal, management control, and costing. Sustainability, gender, communication and teamwork are covered in relation to the subject.

Intended learning outcomes *

After the course, you should:

  1. Be able to explain how a business as well as leadership, organizing, strategic planning, and management control functions in an industrial organisation.
  2. Be able to interpret an annual report from an industrial organisation, as well as be able to calculate and design the different parts of it at a basic level.
  3. Be able to explain the structure of the industrial company’s streams of payments.
  4. Be able to construct, interpret and use cost calculations as part of the decision support for the industrial company’s different situations.
  5. Be able to connect industrial management to your future area of work.
  6. With the departure in your view on industrial management, be able to explain how the different parts of the area fit together related to the objectives of the industrial organization.

Course Disposition

The course is grounded in lectures, sometimes combined with exercises. The course exam consists of a homework assignment that in a first step is peer-reviewed in an obligatory seminar and after a rework graded by the teacher.

Literature and preparations

Specific prerequisites *

Basic eligibility for university studies, including English A,or similar.

Recommended prerequisites

Because the content is the same (but in different languages) you can't choose both this course and the course ME1003.

Equipment

No information inserted

Literature

“Accounting and finance for non-specialists” by Peter Atrill & Eddie McLaney, Prentice Hall.

Examination and completion

Grading scale *

A, B, C, D, E, FX, F

Examination *

  • TENA - Exam, 6.0 credits, Grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Other requirements for final grade *

Homework assignment, followed by an individual discussion. Also, a seminar report and active participation in the seminar are needed as requirements.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Håkan Kullvén

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web ME1000

Offered by

ITM/Industrial Economics and Management

Main field of study *

Industrial Management, Technology

Education cycle *

First cycle

Add-on studies

For many second level courses at Indek this course is the only prerequisite needed. One example is the course ME2028 Behavioural management control.

Contact

Håkan Kullvén, hakan.kullven@indek.kth.se, +46 8 790 6052

Ethical approach *

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Supplementary information

Established 2005-01-14 

Replaces 4D1022