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MN50685: Management concepts for engineering management

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 12      [equivalent to 24 CATS credits]
Further information on notional study hours Notional Study Hours: 240
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 30%, EX 70%
Further information on unit assessment Assessment Detail:
  • Group Coursework (CW 30%)
  • In-Class Test (EX 20%)
  • Examination (EX 50%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
This unit will provide students with a solid grounding in the key managerial disciplines of finance, marketing, HR management and economics in order to enable them to oversee the operational performance of complex, engineering-driven enterprises.

Learning Outcomes:
Accounting and Finance:
* Analyse key financial statements of business organisations
* Apply basic costing techniques in order to facilitate managerial decision making
* Appraise the role and structure of budgets in an organisation
* Explain the principles of building brands
* Create and plan appropriate promotion and advertising activities
HR Management
* Critically assess the contribution of HRM to organisational performance
* Identify the core elements of HRM practice
* Apply HR models to various sectors
Business Economics
* Undertake economic analysis of markets and firms

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)
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

Accounting and Finance:
* The accounting process;
* The format and content of a profit and loss account, balance sheet and cash flow statements;
* Techniques of financial analysis
* Budgeting
* Fundamentals of the theory and practice of marketing
* Consumer behaviour, B2B and services buying behaviour
* Market segmentation and positioning
HR Management
* Strategic HRM - development and main models;
* Links between HRM and organisational performance
* International HRM
Business Economics
* The competitive environment,
* models of market structure,
* pricing and competition.
Further information on programme availabilityProgramme availability:

MN50685 is Compulsory on the following programmes:

Department of Mechanical Engineering School of Management