Basic Business Management and Introduction to Organizational Theory

The course derives basic organizational theory. Including organizations in context to surroundings, formal features such as objectives and strategy as well as structure. Informal features like culture and might in relations. Furthermore, some aspects where the organization is seen as the explanation factor for behavior, motivation and performance as well as communication and learning processes. The course also provides an introduction to organizational change and management principles that impact how organizations work.

The course also covers basic business economics. The company in context to its surroundings with revenues formation and various costs, as well as some more specific issues such as liquidity, accruals and depreciation in light of planning, management and control. Furthermore, budgeting and basic financial statements are covered including the balance sheet and financial analysis. The course also complies with principles of calculus and calculation methods with such as contribution margin and break-even analysis, as well as simple investment calculations and analysis.

It is expected that the student is able to
1) Understand business economics theory and methodology.
2) Understand how organizations work.
Knowledge:
After completing the course, the student should have knowledge of key concepts, models and theories. Understand organizational contexts and the purpose of business management, and explain the basic conceptual terminology.
Skills:
After completing the course, the student should be able to work independently with theoretical and practical problem solving, and both individually and in groups show ability to discuss and explain how an organization works based on the course materials.
Furthermore analyze, apply methods and discuss current issues and real cases based on the subject's matter. And in the end show ability to make calculations and economic assemblies.
General competence:
After completing the course, the student will be able to convey the subject matter both in writing and orally, and perform an understanding of basic business management and how organizations work.

Lectures, theory exercises, compulsory work requirements and self-study.
By lectures, theory and methods are demonstrated through relevant examples, exercises and case studies. In addition, students must assume that the main content of learning is achieved through self-study related reading of the curriculum as well as exercising independent work with practical assignments individually and in colloquia between teaching hours.
Lectures (75h), exercise hours (45h), self-study (120h), mandatory work requirements (40h)