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MN50685: Management practices for engineering

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
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: EX 60%, OR 40%
Further information on unit assessment Assessment Detail:
  • Examination (EX 60%)
  • Presentation (OR 40%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
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).
Further information on programme availabilityProgramme availability:

MN50685 is Compulsory on the following programmes:

Department of Mechanical Engineering School of Management

Notes: