Management in Engineering
Course facts
- Payment: Free, no certificate
- Credits: Non Credit
- Learning style: Self-paced, start anytime
- Resources: Exam Solutions; Exams; Lecture Notes; Written Assignments with Examples
MIT OpenCourseWare details
- As taught in: Fall 2012
- Department: Mechanical Engineering, Electrical Engineering and Computer Science, Chemical Engineering, Aeronautics and Astronautics
| Course Details | ||||||
|---|---|---|---|---|---|---|
|
||||||
| Outcomes | ||||||
|
||||||
| Price & Terms | ||||||
|
||||||
| Technical | ||||||
|
||||||
| Specification | ||||||
|
||||||
Management for engineers: financial statements, ratio analysis, intellectual property, technology strategy, case studies and a business plan.
Engineers who want to lead technical ventures need to read financial statements and make a business case, and this overview builds those abilities. It covers financial principles, management of innovation, technology strategy and best management practices, developing individual skills and team work through management tools. Case studies, ratio analysis and a group business plan for a technology-based enterprise run through the term.
What You Will Achieve
- Construct financial statements and perform ratio analyses
- Use financial principles to develop business and technology strategies
- Carry out risk analyses for technology decisions
- Design and present a business plan for a technology-based enterprise
Program Overview
Business Plan and Financials
The basics of planning and accounting.
- Writing a business plan
- Financials
- Sales and marketing
- Ratio analysis
Innovation and Intellectual Property
Protecting and differentiating technology.
- Intellectual property and licensing
- Commoditization vs. differentiation
- Total quality management
Strategic Planning and Case Studies
Applying the tools to real decisions.
- Entrepreneurship
- HP printer case
- Pilkington float glass case
- Ethics
Course Completion
Job Outlook
These skills suit engineers moving into technical management, product leadership or founding a technology company.
Good for: Engineers who want a practical grounding in finance, strategy and business planning through cases.
Keep in mind: Only selected lecture notes are published, and guest lectures appear as short context statements rather than recordings. Case readings are listed separately, and the group project needs your own team.
Bottom line: A practical bridge into management for engineers, strongest on financial analysis and business planning.
Frequently Asked Questions
Which case studies does it use?
Cases include Zipcar, Hubspot, Prelude lobster, HP printers, Teradyne, Pilkington float glass and Omniport Houston, with written questions on several of them.
Are quizzes and solutions available?
Yes. Quiz questions and solutions from fall 2012 and fall 2011 are provided, with reference files such as balance sheets, a cash flow and an income statement.
What is the group project?
Groups develop a business plan for a technology idea, give progress presentations along the way, and present the project at the end of the course.
User Reviews
Write your review
You must be logged in to post a review.
Reviews can only be posted by registered learners. Log in or create a free account, then you will return here to post.
There are no reviews yet.