Study Guide

Objectives (course unit)

Student understands essential concepts and theories in industrial economics and business, and is able to look at them in practice in different industries. Student understands how companies operate and is able to interpret their solutions from the point of view of a company’s strategies and profitability. Student knows special characteristics of products and services introduced during the course, and different ways to produce them. Student understands cost structure of a company and is able to apply simple pricing-, budgeting-, cost calculations and knows the essential indicators of profitability. Student is able to compare the cost-effectiveness of different investments. Student knows the content and relevance of a quality management system and enterprise resource planning (ERP) for companies. Student knows the principles of production planning and understands the delivery chain to a customer.

Content (course unit)

Company types; strategies of companies; success factors; production methods for different goods and services; basic concepts of accounting; costs, productivity and profitability of a company; budgeting; pricing and cost accounting; investments and investment costs; concepts of quality; essential theories of quality; quality management systems (QMS); quality standards; use of quality management tools in steering the processes and continuous improvement; SAP; TQM; Six Sigma; PDCA

Assessment criteria, satisfactory (1-2) (course unit)

Student knows how to identify and define the essential theories of B2B-marketing, is able to name basic concepts of marketing and export trade and knows how to search for market intelligence.

Student is able to complete the given assignments under supervision. Student identifies the important practices of export trade and dealing with clients.

Student participates in group activities and recognizes his/her own people skills.

Assessment criteria, good (3-4) (course unit)

Student is able to apply essential theories in B2B marketing in practice and is able to compare different marketing solutions and is able to explain the core concepts in marketing and export business. Student knows how to search and use information that is related to own field.

Student knows how to share knowledge and is able to solve given tasks comprehensively and identifies persevering and process-like working according to given schedule. Student knows how to compare and choose theories and knowledge when solving problems.

Student can cooperate responsibly and is ready to develop his/her interaction skills. Student can give and receive feedback actively and constructively.

Assessment criteria, excellent (5) (course unit)

Student understands extensive entities and relations between them in B2B marketing and different fields.

Student can search for diverse courses of action and solution alternatives, justify his/her choices and try new courses of action considering present-day and future of own line of business.

Student uses feedback systematically as a professional growth tool in his/her own work and the community. Student considers and assesses himself/herself and his/her professional community or task. Student can cooperate responsibly, flexibly and constructively. Develops his/her own and the group’s interaction. Student understands the economic and wellbeing related effects of his/her work and can anticipate them in his/her work.

Location and time

28.8.-4.12.2023

Exam schedules

No exam.

Assessment methods and criteria

Assessment is based on individual assignments, group work and attendance.

Assessment scale

0-5

Teaching methods

Contact learning, individual assignments, group work and excursions.

Learning materials

Materials are provided during the course. Additionally any relevant books, articles and content.

Student workload

36h of contact learning + 72h of individual learning = 108h

Content scheduling

1) Production planning
2) Financial management
3) Supply chain management
4) Leadership

Completion alternatives

No alternative implementation methods.

Practical training and working life cooperation

Excursions

International connections

International study group and visits in international companies.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Student can recognize, name and define basic concepts in industrial engineering and economics.

Student manages the assigned tasks under supervision. Student knows diverse courses of action but cannot justify his/her choices. Completion of the assigned exercises is based on routine and pre-learned performance.

Student can give and receive feedback. He/she considers and assesses things from his/her viewpoint. Student takes responsibility for his/her own work. Student can describe the economic and wellbeing related effects of his/her own work in relation to industrial engineering and economics.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Student structures, applies, explains and compares things in relation to one another between field-related phenomena and concepts in industrial engineering and economics.

Student is able to select the most appropriate course of action from diverse options and justify his/her choices. Student is able to apply, make plans and solve problems related to industrial engineering and economics.

Student can give and receive feedback actively and constructively. Student considers and assesses things both from his/her and the close community’s viewpoint. Student can cooperate responsibly and is ready to develop his/her interaction skills. Student also recognizes and follows the important courses of action in the field. Student takes responsibility and commits to the group activities in addition to his/her own work. Student can describe and assess the economic and wellbeing related effects of his/her own work.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Student understands extensive entities and relations between them, and is able to generalize, analyse and relate the introduced concepts in industrial engineering and economics to the professional context.

Student can search for diverse courses of action and solution alternatives, justify his/her choices and try new courses of action in industrial engineering and economics. Student is able to combine solution alternatives creatively or creates new ones.

Student uses feedback systematically as a professional growth tool in his/her own work and the community. Student considers and assesses himself/herself and his/her professional task. Student can cooperate responsibly, flexibly and constructively. Student works responsibly and in a committed manner considering the community and field requirements and needs. Student understands the economic and wellbeing related effects of his/her work and can anticipate them in his/her work.