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ME1003 Industrial Management, Basic Course 6.0 credits

Engineering is the art and practice of being able to combine technology with economic, managerial, and social aspects. The ability to develop technology-based businesses, manage projects, improve operations, lead teams, head organizations, lead employees, etc., requires good knowledge in Industrial Management. This course provides these basic skills.The course runs four times a year; in Swedish in period 2 and 3 and in English in period 1 and 4.

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Choose semester and course offering to see information from the correct course syllabus and course offering.

Headings with content from the Course syllabus ME1003 (Autumn 2022–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

The course focuses on basic concepts and models to understand and handle economic, organisational and management issues in technology-based and industrial activities, as an engineer.

Module 1: Industrial value creation

  • Technical development as a competition factor
  • Technology-based business models and strategies

  • Innovation, production and marketing

  • Organisation

  • Human resource management and leadership

Module 2: Product costing

  • C/I (Cost/Income) analysis
  • Product costing
  • Investement apperaisal

Module 3: Financial accounting and corporate finance

  • Book-keeping accounting 
  • Annual report and financial analysis
  • Corporate finance

The course consists of lectures and calculation exercises (in module 2 and 3) and is examined through three partial exams (each 1.5 higher education credits) and a written assignment (1.5 higher education credits). The grades on the written assignment are combined to a final course grade. During the course, an optional business simulation (0 higher education credits) is offered, with associated written assignment that can raise the final course grade by one step.

Intended learning outcomes

Engineering work is about more than technology. As an engineer, to be able to participate in technology-based businesses, to carry out projects, to develop activities, as well as to lead teams and co-workers in companies of today, good knowledge of industrial management is required. In practice, the success often relies on understanding both the technical and the economic aspects of decisions. This course gives you basic knowledge in industrial management.

Concretely, this implies that you on completion of the course should be able to:

  1. describe and explain different technology-based business models and the dynamics of value creation, value proposition and value capture in industrial enterprises,
  2. describe and explain how industrial operations are led and organised,
  3. select, use and interpret economic calculations as a basis for decision-making in different business situations,
  4. use the basic concepts and the principles of  bookkeeping and accounting, and describe and explain how the operations of an industrial enterprise can be financed,
  5. compile and analyse financial reports for an industrial enterprise,
  6. describe the activities and strategic position of an existing industrial enterprise by means of concepts from the subject industrial management and carry out a basic economic analysis of the company's activities financial position and how it is financed.

Course disposition

No information inserted

Literature and preparations

Specific prerequisites

General entry requirements.

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Modern industrial managementEngwall, et al (latest edition), published by Studentlitteratur

Exercises for Modern Industrial Management Engwall, et al (latest edition)

Further course material may be available on the course homepage

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

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

Examination

  • INLA - Assignment, 1.5 credits, grading scale: P, F
  • KON4 - Partial exam, 1.5 credits, grading scale: A, B, C, D, E, FX, F
  • KON5 - Partial exam, 1.5 credits, grading scale: A, B, C, D, E, FX, F
  • KON6 - Partial exam, 1.5 credits, grading scale: A, B, C, D, E, FX, F
  • SIMA - Business simulation, - credits, grading scale: P, 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

Written examination.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Profile picture Mohammad Akhbari

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.

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 ME1003

Offered by

ITM/Industrial Economics and Management

Main field of study

Industrial Management, Technology

Education cycle

First cycle

Add-on studies

This course enables further studies within the field of industrial management, e.g. project management, marketing, entrepreneurship, economics, industrial dynamics, production, leadership and human resource management, gender, innovation and management control.

Contact

Mohammad Akhbari, mohammad.akhbari@indek.kth.se

Transitional regulations

Admitted students who have not completed the course with previous set of examination parts will be examined within the scope of the new examination parts.

Supplementary information

Established Spring 02.

Replaces 4D1023, ME1000, ME1001, ME1002; ME1004.