Student guide Faculty of Engineering A.Y. 2011/12

Decision Management
Aim of the course
This course provides students with the knowledge and advanced business management tools needed to address typical managerial decisions. To take such decisions, managers and entrepreneurs must first identify the business processes. Then they can set up a system for collecting relevant information to take rational decisions.
Identifying corporate processes
Management by processes:
-          mapping processes
-          defining strategic objectives and performance indicators
Objectives, elements and requirements of a management control system
Break even point and relations costs-volumes-profit
Relevant information and decision making: marketing decisions
Relevant information and decision making: production decisions
Assignments and written exam. Also the active participation of the students during the lessons is also evaluated as well as the commitment in the assignment presentation and solution.
Reading list
Horngren C.T., Sundem G.L., Stratton W.O. Introduction to Management Accounting, Pearson Prentice Hall.
Teacher’s materials and exercises