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Industrial economicsLaajuus (2 cr)

Code: 8C00CC45

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Materials

Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy

Enrollment

16.04.2022 - 26.10.2022

Timing

19.09.2022 - 20.11.2022

Credits

2 op

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Mechanical Engineering
Teachers
  • Pekka Lager
Student groups
  • TUOTA22
    Industrial Management
  • MKONE21

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Enrollment

16.04.2022 - 07.09.2022

Timing

29.08.2022 - 16.10.2022

Credits

2 op

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Mechanical Engineering
Teachers
  • Heikki Rasku
Student groups
  • AUTO21
  • KONE21

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Enrollment

30.07.2021 - 12.09.2021

Timing

30.08.2021 - 17.10.2021

Credits

2 op

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Mechanical Engineering
Teachers
  • Heikki Heiskanen
  • Heikki Rasku
Student groups
  • KONE20
  • AUTO20

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Enrollment

16.07.2021 - 10.10.2021

Timing

16.08.2021 - 19.12.2021

Credits

2 op

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Mechanical Engineering
Teachers
  • Heikki Heiskanen
Student groups
  • MKONE20

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.

Enrollment

17.07.2020 - 06.09.2020

Timing

17.08.2020 - 20.12.2020

Credits

2 op

Teaching languages
  • Finnish
Degree programmes
  • Degree Programme in Mechanical Engineering
Teachers
  • Heikki Heiskanen
Student groups
  • MKONE19

Objective

Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team

Content

- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.

Assessment criteria, good (3)

The student is able to explain processes of business activities and produce examples and plans.

Assessment criteria, excellent (5)

The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.