Credits 3

Pre-requisites – None

Compulsory / Optional - Compulsory for the Department of Mechanical Engineering/Optional for Other Departments

To introduce managerial aspects needed for engineering graduates to perform a multitasking role in the industry.

1. Describe evolution of management.

2. Create a vision, mission, objectives, goals and a strategy for an organization.

3. Explain functions within an organization including finance, human resources, marketing, engineering, legal and operations and how each function contributes to the growth and development of the organization.

4. Analyse financial statements and investment opportunities of an entity.

5. Apply principles of project management to plan and schedule a project.

1. Management Approaches:  Evolution of management theory; scientific management, behavioural management; contemporary approaches.

2. Strategic Management:  Environmental analysis; SWOT; PEST; porter’s 5 force model; competitive strategies; customer focus; mission; vision; values and goals; organization structure & culture.

3. Human Resources Management:  Acquiring; training and developing; assessing; compensating and improving performance.

4. Technology Management:  Asses technology needs; acquiring technology; technology transfer.

5. Marketing:  Segmentation; targeting and positioning; marketing mix.

6. Legal Aspects of Management:  Introduction to business law; law relating to employment; occupational health and safety; environmental law.

7. Financial Aspects of Management:  Financial statements; P&L; balance sheet; cash flow; ration analysis; investment appraisal; payback; NPV; IRR.

8. Principles of Project Management:  Project planning and scheduling; critical path analysis; monitoring and controlling.