Entry requirements

30 credits in science/engineering/pharmacy/medicine.

Learning outcomes

After a successfully completed course, the student should be able to:

• choose, prepare, interpret and use cost estimates as a basis for the different situations in an industrial company,
• interpret financial statements and other financial reports of industrial companies, including the income statement, the balance sheet, the cash flow statement and key measures in these,
• describe how management control of results, action, people and culture functions in an industrial company,
• explain how strategic planning, management, entrepreneurship, organisation, production and learning works in an industrial company,
• explain how the industrial company markets and price it’s products,
• explain how the company deal with it’s environment.

Content

Volume analysis, costing, investment appraisal, accounting and bookkeeping, budgeting, financing, financial analysis, pricing and management control are discussed as support for and a background to decision-making. Insights into the company and it’s environment, leadership, entrepreneurship, organisation, strategic planning, learning and marketing are given as a basis for understanding structure of the industrial company's prerequisits.

Instruction

Lectures, exercises, seminars and tutorials.

Assessment

Written exam (5 credits). Written assignments and a seminar give bonus points at exams within one year from the beginning of the course.

Other directives

The course may not be included in a degree together with any of the following courses: 1TE728 Industrial Management and 2FE025 Business Studies, Basic Course A/B.