This subject introduces business concepts in theory and practice for engineers and technologists. The subject covers these five major areas: business strategies for engineers, management tools and resources, legal system, marketing and finances. Students will gain insight into business/company models and structures, innovation/technology adoption life cycle and business plan development. … For more content click the Read more button below.
This subject introduces business concepts in theory and practice for engineers and technologists. The subject covers these five major areas: business strategies for engineers, management tools and resources, legal system, marketing and finances. Students will gain insight into business/company models and structures, innovation/technology adoption life cycle and business plan development. Emphasis is given to leadership and management for engineers and information/decision making tools. Students will be exposed to the Australian legal system including law of tort, professional negligence, industrial relations, insurance/risk, the ACCC and legislation. Important elements of marketing of services/products, marketing research, consumer behaviour and market segmentation are covered. Students are provided with an introduction to accounting, basic financial analysis and budget management.
Capstones provide students with a way of integrating and applying knowledge and skills gained throughout their course.
No
Academic progress review - Schedule A subject
No
Subject instances
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Learning resources
Prescribed - Book - Engineering Management: Meeting the Global Challenges
Title:Engineering Management: Meeting the Global Challenges
Resource requirement:Prescribed
Author/editor:C.M Chang
Year:2016
Edition/volume:Second Edition
Publisher:CRC Press
ISBN:978-1498730075
Career ready
Work based learning (placement):No
Graduate capabilities
DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
PERSONAL AND PROFESSIONAL - Leadership and Teamwork
Subject intended learning outcomes
On successful completion you will be able to:
1.
Critically analyse and interpret business and economic environments to formulate business and marketing strategies
2.
Apply basic legal principles and Occupational Health and Safety (OHS requirements relevant to practicing engineers
3.
Apply basic financial principals required for budget management
4.
Apply knowledge of marketing research, consumer behaviour and market segmentation
5.
Collaborate effectively in teams to achieve goals
6.
Work as a member of a team to produce well-structured business plans and engaging oral presentations
7.
Develop effective self-branding strategy, presentation and engagement using online tools
8.
Understand and apply fundamental management tools and resources for information and decision making
Requisite rules
Prerequisites: Students must be admitted in one of the following courses: SMENC, SMENCB, SMENE, SMENEB, SMENMB, LMEM, SMENM, SMTNE, SMCEM, SMCEMB, SCPEBU, TM001, TM001B, LGEMT, SCPE, TM005,TM005B,TM006,TM006B
