ME1003 Industrial Management, Basic Course 6.0 credits

Industriell ekonomi, grundkurs

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, 3 and 4 and in English in period 1.

  • Educational level

    First cycle
  • Academic level (A-D)

    A
  • Subject area

    Industrial Management
    Technology
  • Grade scale

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

Course offerings

Autumn 17 for programme students

Autumn 17 for programme students

Spring 18 for programme students

  • Periods

    Spring 18 P4 (6.0 credits)

  • Application code

    60750

  • Start date

    2018 week: 12

  • End date

    2018 week: 23

  • Language of instruction

    Swedish

  • Campus

    KTH Campus

  • Number of lectures

    15 (preliminary)

  • Number of exercises

    6 (preliminary)

  • Tutoring time

    Daytime

  • Form of study

    Normal

  • Number of places *

    Min. 5

    *) The Course date may be cancelled if number of admitted are less than minimum of places.

  • Course responsible

    Mohammad Akhbari <mohammad.akhbari@indek.kth.se>

  • Teacher

    Mohammad Akhbari <mohammad.akhbari@indek.kth.se>

  • Target group

    Open for all programmes

  • Part of programme

Spring 18 for programme students

Spring 17 for programme students

Spring 17 for programme students

Intended learning outcomes

After completing the course you should be able to:

  • Explain and describe various technology-based business models and the dynamics of value creation, value proposition, and value capture in industrial enterprises

  • Explain and describe how industrial activities are managed and organized.

  • Select, interpret and use different costing techniques as a basis for decisions in various business situations.

  • Understand the basic principles of financial accounting and reporting

  • Produce and interpret an industrial company's Annual Statement, at a basic level.

  • Produce and analyze financial reports, on a basic level.

Describe the operations of an industrial enterprise from various perspectives, and analyze its basic strengths and weaknesses based on concepts from the field of Industrial Management

Course main content

The course focuses on the basic concepts and models that an engineer needs in order to understand and manage financial, organizational, and managerial issues in technology-based and industrial activities.

Module 1: Industrial value creation

  • Technology as a competitive factor

  • Technology-based business models and strategies

  • Innovation, production and marketing

  • Organization

  • Human resource management and leadership

Module 2: Costing

  • Profitability Analysis

  • Product Costing

  • Investment calculations

Module 3: Financial accounting and corporate finance

  • Bookkeeping and financial accounting

  • Annual Statement and Financial Analysis

  • Corporate Finance 

Disposition

The course consists of lectures and exercises and is examined by a written exam. A number of voluntary learning assignments, including a seminar task, are provided during the course. These can give bonus points on the first exam.

Eligibility

Completed upper secondary education.

Literature

"Industrial Management" Engwall et. al., Studentlitteratur, Lund.
(English edition: "Industrial Management" Engwall et. al., Studentlitteratur, Lund).

Exercises

Additional material distributed during the course

Examination

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

Requirements for final grade

Examination.

Offered by

ITM/Industrial Economics and Management

Contact

Mohammad Akhbari, mohammad.akhbari@indek.kth.se; Thomas Westin, thomas.westin@indek.kth.se

Examiner

Mohammad Akhbari <mohammad.akhbari@indek.kth.se>

Thomas Westin <thomas.westin@indek.kth.se>

Supplementary information

Established Spring 02.

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

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.

Version

Course syllabus valid from: Autumn 2016.
Examination information valid from: Autumn 2011.