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. The course consists of four modules, where module 1 - 3 are cross listed with ME1003 Industrial Management, basic course.
Module 1: Industrial value creation
Technical development as a competition factor
Technology-based business models and strategies
Innovation, production and marketing
Human resource management and leadership
Module 2: Calculation
C/I (Cost/Income) analysis
Module 3: Reporting and the company's funding
Accounting and reporting
Annual report and financial analysis
The company's funding
Module 1 - 3 consists of lectures and calculation exercises (in the modules 2 and 3) and is assessed through a written exam. During the course, a number voluntary assignments are given, that can give bonus point at the first written exam:
Three optional quizzes (one per module)
An optional business simulation
An optional project task (in pairs)
Module 4: Entrepreneurship To formulate an interesting business idea is not the end of an entrepreneurial process. It is on the contrary only the beginning. The idea must, by means of both formal and informal methods, be developed to a business concept and a business opportunity. During this module, the students are challenged to identify needs, to identify and develop business ideas and to develop business concepts and business opportunities. To support this work, different methods and tools are presented in a series of lectures. The participants will get support in using these tools during a series of seminars, and in using a blend of theoretical analyses and practice-oriented learning methods. This module gives you this basic knowledge.
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:
Explain and and describe different 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 led and organised.
Select, interpret and use economic calculations as a basis for decision-making in different business situations.
Understand the basic principles of book accounting and reporting
Compile and analyse financial reports at a basic level
Understand and explain the activities of an industrial enterprise from different perspectives, based on concepts in industrial management
Analyse and discuss the concept entrepreneurship in media and communication technology and ICT
Use creative methods to develop viable business concepts and business opportunities
Use basic methods for customer, market and competitor analyses