International Business Management for Engineers

Lecturer	Dr. Werner Hofbauer
Assistants	Dipl-Ing. Michael Schüller
Date	First lecture on: TBA Room ETZ J91
Hours/Credit points	3
Type	Minor subject in 7th semester
Course number	227-0759-00

Subject

Beside the technical education of engineers knowledge about economic aspects of an enterprise becomes more and more important for the personal career. The goal of the lecture is to give an overview about operational practices of an enterprise. Guided by a specific case study the connection between technical requirements and economic results of an enterprise are demonstrated.

 

Note:
First lecture on (to be advised), Tuesday 15:00-17.00 - Room ETZ J91

Contents

After a short introduction about the purpose of an enterprise and its management, the role of an engineer will be explained by the example of surge arresters. A few examples of the accounting principles will be presented focusing on the meaning and goal of the balance sheet, the income statement and the cash flow statement. The importance of the capital expenditure accounting is explained which considers beside product related cost factors like functionality, design and variety of variants, also process related cost factors like personnel, infrastructure and make or buy decisions. By specific consideration of the engineers work the importance of the Research and Development process and its impact on the success of an enterprise will be explained.