2021/22 Taught Postgraduate Module Catalogue
OENG5102M Enterprise and Business Planning
15 creditsClass Size: 250
Module manager: Dr Miljan Mikic
Taught: 1 Jan to 28 Feb, 1 Jan to 28 Feb (adv year), 1 Jul to 31 Aug View Timetable
Year running 2021/22
Pre-requisite qualificationsStudents will have met the entry criteria for the Online MSc in Engineering
This module is not approved as an Elective
Module summaryThis module seeks to introduce students to the essential skills in enterprise and business planning that are needed to be effective Engineering managers. This includes legal, financial, commercial and marketing issues that are encountered in modern businesses and organisations. The material covered has a particular focus on the planning of new enterprises and exploiting new business opportunities.
ObjectivesThis module seeks to introduce students to the essential skills in enterprise and business planning that are needed to be effective Engineering managers.
This includes legal, financial, commercial and marketing issues that are encountered in modern businesses and organisations.
On completion of this module, students should be able to:
• understand business planning functions in various engineering organisations and show awareness of the corporate legal framework governing engineering organisation activities
• demonstrate familiarity with basic finance and accounting principles
• interpret basic financial statements and evaluate objectives and usefulness of financial reporting
• investigate different sources of finance available to engineering organisations as well as with budgeting techniques and types of costs in engineering
• justify appropriate investment decisions by applying main investment appraisal techniques
• adopt and practice transfer of basic marketing principles to an engineering organisation context, including the concepts of customer value, business markets, communication techniques and digital marketing
• understand how to use a wide range of information sources and demonstrate proficiency in contributing to or leading the development and execution of a business plan
The ability to apply management skills to the planning of a business or new enterprise.
Ability to work as a group to develop a detailed business development proposal in a specific Engineering sector.
• Introduction to business planning and management, functions and classification of engineering organisations
• Important concepts of corporate business law in engineering
• Introduction to finance and accounting
• Financial statements, Shareholders, IPOs, The Stock Market
• Sources of finance, budgeting techniques and types of costs
• Elements of investment decision making
• Introduction to Marketing
• Writing a Business Plan
Case studies from a representative range of Engineering sectors will be used, where appropriate, to illustrate these principles.
|Delivery type||Number||Length hours||Student hours|
|Independent online learning hours||28.00|
|Private study hours||103.00|
|Total Contact hours||19.00|
|Total hours (100hr per 10 credits)||150.00|
Private studyPrivate study will include directed reading and self-directed research in support of learning activities and discussions, as well as in preparation for assessments.
Independent online learning involves non-facilitated directed learning. Students will work through bespoke interactive learning resources and reflective activities in the VLE.
Opportunities for Formative FeedbackOnline learning materials will provide regular opportunity for students to check their understanding (for example through formative MCQs with automated feedback). Regular group activity embedded into learning will allow self and peer assessment providing opportunities for formative feedback from peers and tutors. These activities are part of the teaching and learning methods and are not to be considered as formative assessments.
Methods of assessment
|Assessment type||Notes||% of formal assessment|
|Essay||2000 word business plan report||70.00|
|Reflective log||500 word summary of weekly progress log||10.00|
|Total percentage (Assessment Coursework)||100.00|
Resit: 100% individual assignment
Reading listThe reading list is available from the Library website
Last updated: 12/04/2022
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