Course syllabus for Industrial Management

Industriell ekonomi

Specific entry requirements

A bachelor's degree or a professional degree equivalent to a Swedish Bachelor's degree of at least 180 credits in health care, biomedicine, biology, cellular and molecular biology, pharmaceutics, chemistry, medicine, biotechnology, or the equivalent. And proficiency in English equivalent to English B/English 6.

Outcomes

Upon completion of the course, the student should be able to:

• Describe and explain various technology-based business models and the dynamics of value creation, value proposition, and value capture in industrial enterprises
• Describe and explain how industrial activities are managed and organized
• Select, use and interpret economic calculations as a basis for decision-making in different business situations
• Use the basic concepts and principles for bookkeeping and accounting, and describe and explain how the operations of an industrial enterprise can be financed
• Compile and analyze financial reports for an industrial enterprise
• 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 operations, financial position and how it is financed

Content

Engineering work involves more than just technology. In order to be able to take part in technology-based transactions, implement projects, develop businesses and lead teams and employees in today's companies, good knowledge of industrial management is necessary. In practice, success lies in understanding both the technical and financial aspects of decisions. This course will give you a basic knowledge of industrial management.

The course focuses on basic concepts and models to understand and handle economic, organizational 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
• Organization
• Human resource management and leadership

Module 2: Product costing

• C/I (Cost/Income) analysis
• Product costing
• Investment appraisal

Module 3: Financial accounting and corporate finance

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

Teaching methods

The course consists of lectures and exercises. During the course, one voluntary business simulation including assignments that relate to the simulation, that can give bonus points on the first exam.

The course is offered at master’s level, where the students are assumed to be familiar with the most common study methods in higher education. The course’s pedagogical approach is based on entrepreneurial learning and requires active student participation.

Examination

The examination consists of:

• a written exam (fail/pass/pass with distinction)

Compulsory participation
The examiner assesses if and, in that case, how absence from compulsory components can be compensated. The student must participate in all compulsory parts or compensate for absence in accordance with the examiner's instructions, in order to pass the course. Absence from a compulsory activity may result in the student not being able to compensate for the absence until the next time the course is given.

Limited number of examinations
Students who have not passed the regular examination are entitled to participate in five more examinations. If the student has not passed the exam after four participations, he/she is encouraged to visit the study advisor. If the student has failed six examinations/tests, no additional examination or new admission is provided.

Physically attending or otherwise commencing an examination is regarded as an examination session. An examination, for which the student registered but did not participate, is not counted as an examination session.

Adaptation of examination
In the event of special circumstances, or if a student with a disability is in need of certain adjustments, the examiner may decide to depart from the syllabus' regulations on examination form, number of examination opportunities, possibility of completion or exemption from compulsory educational elements, etc. Content and intended learning outcomes as well as the level of expected skills, knowledge and abilities must not be altered, removed or lowered.

Transitional provisions

Examination will be provided during a time of two years after a possible cancellation of the course. Examination can take place according to an earlier literature list during a time of one year after the date when a major renewal of the literature list has been made.

Other directives

The course language is English.

Literature and other teaching aids

Mandatory literature

Note that the latest edition of the course literature is always used.

• Modern industrial management, Engwall, Mats; Jerbrant, Anna; Karlson, Bo; Storm, Per, Second edition : Lund : Studentlitteratur, [2020] - 501 sidor ISBN: 9789144141527, LIBRIS-ID: 0bvhp97pxmpcs46h,
• Engwall, Mats; Karlson, Bo; Akhbari, Mohammad, Exercises for Modern industrial management, Second edition : Lund : Studentlitteratur, [2020] - 328 sidor ISBN: 9789144141534, LIBRIS-ID: x8sfm75gvnx0pktm