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ME50197: Business processes

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Mechanical Engineering
Further information on credits Credits: 6
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 50%, EX 50%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 50%)
  • Examination (EX 50%)
Further information on supplementary assessment Supplementary Assessment: Mandatory extra work (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
To provide:
* An understanding of the various business processes required to operate manufacturing and service businesses.
* A knowledge of business economics and its use in decision making.
* An understanding of project costing.
* An understanding of various business improvement processes such as TQM, change management and BPR.
* A knowledge of business strategy.
* An understanding of marketing strategy and techniques.

Learning Outcomes:
After taking this unit the student should be able to:
* Analyse supply and demand data.
* Carry out financial appraisals of engineering projects
* Take part in the implementation of TQM, BPR and other operations management techniques.
* Write a mission statement and analyse and develop an engineering businesses strategy.
* Analyse market data and develop alternative marketing strategies.
* Undertake individual independent study of relevant topic.

Problem solving; written communication; working independently.

Business Economics - supply demand, elasticity, financial markets.
Project Accounting - Cost cash flow, ROI, NPV, resource planning .
Marketing - Price, the marketing mix, advertising, promotion, budgets.
Operations - TQM, change management, BPR, SPC and other initiatives.
Strategy - Missions, objectives, internal and external analysis, options, implementation.
Further information on programme availabilityProgramme availability:

ME50197 is Optional on the following programmes:

Department of Mechanical Engineering
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.