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 coordinated 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
- Organisation
- Human resource management and leadership
Module 2: Product costing
- C/I (Cost/Income) analysis
- Product costing
- Investment apperaisal
Module 3: Financial accounting and corporate finance
- Book-keeping and accounting
- Annual report and financial analysis
- Corporate finance
The modules 1-3 consist 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 partial exams and the written assignment are combined to a grade for module 1-3 in the course. During the course, an optional business simulation (0 higher education credits) is offered, with associated written assignment that can raise the combined grade for module 1-3 by one step.
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 these basic knowledge and is examined through a project task (1.5 higher education credits). The combined the grade on module 1-3 and the grade on the project task in module 4 are combined to a final course grade.