• BUMA3203
  • Business & Management

  • Credits (ECTS): 5
  • Mechanical and Design Engineering

Modules are delivered
as part of a programme.
To apply for the
programme,
see the DIT website

Module Description

This module develops the learners' management, business, and finance knowledge, along with their communication and research skills. The module covers management theory and practice as applicable to a range of manufacturing and service industries. The theory and case studies presented in the lectures, tutorials, and discussions is supported by the learners being required to complete two research assignments, one of which is a group assignment, and present their findings to their peers. Knowledge Breadth: The module includes management principles, management accounting, organisation theory, financial control, first line management techniques, business ethics, operations management, business plan, and business communication. Kind: Through a series of lectures and tutorial problems the learner will acquire an understanding of basic management principles and practice. Case studies will allow the learner examine how successful the management process is under specific conditions. The assignments will allow the student to pursue, analyse and verify knowledge in selected areas. Know-how and Skill Range: Through lectures, case studies and assignments the student will learn management, organisational, teamwork, communication, and business skills suitable for junior management level in a manufacturing company. Selectivity: Through the assignments they will formulate research questions, devise research methodologies, and use appropriate research, validation and evaluation methods, to reach conclusions. They will then present and defend their conclusions. Competence Context: Through study, research, presentations, and discussion the learner will work alone and within groups to propose management actions as solutions to set problems and case studies. Role: The learner will work as part of a team on one assignment and will be expected to participate in class discussions. Learning to learn: The assignments and class discussions will provide the learner with the research and evaluation skills needed to organise, plan, make decisions, and assess their learning performance. Insight: The learner will gain a broader perspective on the management and business side of manufacturing. They will become aware of how financial considerations impact on technical projects, the complexities and interdependence of functions within a manufacturing organisation.

Module Aims

The aim of this module includes: Develop in the learner an understanding of the role and nature of management in a manufacturing organisation. Introduce the learner to a range of management accounting procedures applicable to manufacturing. Enable the learner to acquire knowledge of organisational decision making processes. Develop self- management and team-working skills. Require the learner to take a wider perspective when evaluating an engineering product or process, and to consider more than the technical engineering aspects of a project.

Indicative Syllabus

Business Communication:
Business Plan:
Business reports, types structure, format, executive summaries, commercial correspondence, business letters conventions, layout, conciseness and clarity, job applications, interview and c.v. preparations, public presentation guidelines, organising and chairing successful business meetings, brain storming techniques, committee and meeting skills, negotiation skills.
Discounted cash flow, cost of capital, factoring in inflation, cash flow statement, activity based cost accounting, product costing, management accounting in manufacturing, accounting implications of JIT, AMT.
First Line Management:
Functions and principles of management, classical management theory, current management theory and practice, management science, integrating different perspectives on management, challenges facing management today
Large multinationals manufacturing in Ireland, indigenous industries manufacturing for export, Irish companies operating in the local service sector, small to medium companies, managing change.
Management Accounting:
Management Theory:
Managing Manufacturing and Service Industries:
Manufacturing Control:
Operations management:
Organisation and structure, internal and external business environment, organisation company cultures, organisational behaviour, organisations as systems
Organisations Structure and Design:
Process planning, supply chain management, inventory management, method study, Ethics and Responsibility: Ethical Design and manufacturing, social responsibility, stakeholder concept, ethical investment, sustainable development.
Purpose, essential parts, marketing, product information, short term and long term business strategy, operations, capital requirements, costing, expected margins, financial accounts,
Quality control, just in time, lean manufacturing, advanced manufacturing technology, project control, production planning and control, budget control, risk analysis
Short-term finance- trade credit, accrued expenses, deferred taxation, overdraft, factoring, Medium-term finance- leasing, hire-purchase, term Loans. Long-term financeowner capital, retained profits, commercial loans, government grants, sale and leaseback venture capital.
Sources of Finance
Team building, motivation and leadership styles, personnel management, delegation, managerial levels, supervisory roles, performance appraisals, company cultures, time management.

ISCED:500: DO NOT USE - ARCHIVE HEA 2014
Total Contact Teaching Hours:60

Pre-requisite Modules

Title Code
Communications 2 COMM2103

Please note that the catalogue is provided as a guide to modules in DIT. Not all modules listed will necessarily be offered every year and new modules may also be added. Information subject to change. For detail on specific programmes/modules please contact the relevant School directly.