2020 Introduction to Management

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Academic unit or major
Undergraduate major in Industrial Engineering and Economics
Instructor(s)
Inoue Kotaro  Chung Su-Lin  Nagata Kyoko 
Course component(s)
Lecture / Exercise
Mode of instruction
ZOOM
Day/Period(Room No.)
Mon1-2(W935)  Thr1-2(W935)  
Group
-
Course number
IEE.D201
Credits
2
Academic year
2020
Offered quarter
1Q
Syllabus updated
2020/9/18
Lecture notes updated
-
Language used
Japanese
Access Index

Course description and aims

On the basis of many students in the Industrial Engineering and Economics Course researching business activities, the instructor will lecture on basic knowledge such as the goals, rules, and management of corporate activities such that they gain an understanding of the nature of companies. This course is an introduction to developmental research in business administration (management strategy, marketing, accounting, financial management), finance, and corporate economics. In the first six weeks, Kotaro Inoue will explain the institutional design of joint-stock corporations which play the largest role in a modern capitalist economy, and then explain the basics of business management such as management strategy and investment evaluation. Students will leverage the basics of business management learned in the course, and deepen their understanding of actual corporate management through case studies and corporate analysis. In the next four weeks, Chung Su-Lin will explain the fundamental concepts of marketing and international business. In the following four weeks, Kyoko Nagata will lecture mainly on accounting and the relationship between cost and earnings, after which students will attempt to draw up a business plan.

Student learning outcomes

The instructor will increase student' interest in corporate management itself, and the student will learn the basic knowledge essential for life as a member of society who deals with companies. Students will gain an understanding of the system of a corporate society itself, verify the connection between the courses in the Department of Industrial Engineering and Economics and the reality of corporate management, as well as increase awareness of problems with the orientation of respective research.

Course taught by instructors with work experience

Applicable How instructors' work experience benefits the course
Kotaro Inoue has experience as practitioner for fifteen years. In this class, he will use the experience in classes of management and capital budgeting.

Keywords

Business Administration, Corporation, Corporate Starategy, Capital Budgeting, Marketing, Accounting, Firm Value

Competencies that will be developed

Specialist skills Intercultural skills Communication skills Critical thinking skills Practical and/or problem-solving skills

Class flow

Three instructors will share in giving lectures. Kotaro Inoue will first lecture on the joint-stock corporation system, business strategy and organization, and the basics of joint-stock corporations such as investment evaluation and corporate governance, then apply this knowledge and incorporate it into case studies. Next, Chung Su-Lin will lecture on the basics of marketing and international business, and run a case study in week 4. Continuing, Kyoko Nagata will lecture on business activities and short-range profit planning from an account perspective. Students will apply this knowledge to drawing up and debating a business plan.

Course schedule/Required learning

  Course schedule Required learning
Class 1 Lecture: Characteristics and Purpose of Modern Corporation Textbook (Takahashi et al. ) Chapter 1, 2, 3,11
Class 2 Lecture: Basics of Corporate Strategy Text Book (Takahashi et al. ) Chapter 4 and 12
Class 3 Lecture: Basics of Corporate Strategu Lecture: Capital Budgeting Contiunous Discussion of Text Book (Takahashi et al. ) Chapter 4, 12, and 9.
Class 4 Lecture: Capital Budgeting Textbook (Takahashi et al. ) Chapter 9
Class 5 Case Discussion: Southwest Airline (Corporate Strategy and Organization) Case Discussion Preparation: Instruction will be given in class
Class 6 Case Discussion (continued), Summary and Q&A of the contents of the previous classes
Class 7 Marketing 1 - Core Marketing Concepts Read chapter 7 of the textbook before coming to class.
Class 8 Marketing 2 - Segmentation, Market Targeting and Positioning (STP) and Marketing mix 4Ps Review chapter 7 of the textbook.
Class 9 Basics of International Business Read chapter 12 of the textbook before coming to class.
Class 10 Case Studies : Giant Bicycle (Marketing & International Business) Students are expected to download and read case material via the OCW-i system.
Class 11 Lecture: Accounting literacy (1):From funding to profit Textbook (Takahashi et al. ) Chapter 2
Class 12 Accounting literacy (2) Break even analysis Understand CVP analysis.
Class 13 Making a business plan Discuss and determine a simple business plan.
Class 14 Short presentation of business plan Make a presentation of your business plan.

Out-of-Class Study Time (Preparation and Review)

To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.

Textbook(s)

Takahashi, Tanzawa, Hanaeda, and Miura, "Gendai Keiei Newmon" (text book in Japanese), Yuhikaku Books

Reference books, course materials, etc.

Professor Inoue will distribute class discussion case materials (Southwest Airline and GE) in class.
Chung: PowerPoint slides and case material will be made available in advance via the OCW-i system.

Assessment criteria and methods

Three instructors complete evaluations for their respective sections, calculating the total points weighted for class time to reach the evaluation.

Related courses

  • IEE.D202 : Basic Accounting
  • IEE.D203 : Marketing
  • IEE.D302 : Corporate Finance
  • IEE.D301 : Business Starategy and Organization
  • IEE.C301 : Management Information Systems

Prerequisites (i.e., required knowledge, skills, courses, etc.)

None

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