MN50685: Management practices for engineering
[Page last updated: 15 October 2020]
 Academic Year: | 2020/1 |
| Owning Department/School: | School of Management |
| Credits: | 12 [equivalent to 24 CATS credits] |
| Notional Study Hours: | 240 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | EX 60%, OR 40% |
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| Description: | Aims: This unit will provide students with a solid grounding in the key managerial disciplines such as strategy and marketing, finance and economics, human resources management, decision making in order to enable them to oversee the operational performance of complex, engineering-driven enterprises. Learning Outcomes: Strategy and Marketing * Evaluate the strategy of business organisations * Assess the marketing techniques used by business organisations Accounting, Finance and Economics: * Analyse key financial statements of business organisations * Apply basic costing and appraisal techniques in order to facilitate managerial decision making * Appraise the role of budgets in an organisation HR Management * Critically assess the contribution of HRM to organisational performance * Identify the core elements of HRM practice * Analyse organisational structure and its effectiveness Decision making * Recognise the difficulties and challenges of decision making * Apply decision making techniques to management problems * Analyse decisions and the results of decision making techniques. Skills: Intellectual Skills * Understanding of theory and its application to real business situations (T, F, A) * Use theory to analyse case studies (T, F) * Ability to Interpret data (A) Professional Practical Skills * A generally well directed approach to the analysis and interpretation of information (F) * Application of concepts and models to practical situations (T, F) Transferable/Key Skills * Critical thinking and ability to construct an argument (F, A) * Writing and presentation skills (F, A) Personal/Interpersonal Skills * Ability to work in teams * Ability to communicate including presenting and marketing themselves and their ideas; * Preparation and production of effective business plans and reports. Content: This unit will cover content from key managerial principles. Some key areas that could be covered include: Strategy and Marketing: * Importance, definitions and practical examples of strategy * Strategy development * Marketing strategies * Understanding consumers and business clients Accounting, Finance and Economics: * Financial accounting and analysis * Management accounting * Microeconomic fundamentals * Competition Human rescources management * Organisational effectiveness * Recruitment and selection * Training and development * Performance appraisal Decision making * Challenges of decision making * Framing decisions * Tools and techniques (e.g. SMART, Scenario planning). |
| Programme availability: |
MN50685 is Compulsory on the following programmes:Department of Mechanical Engineering
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