Business economics for engineers
Build greater confidence in your decision-making and achieve better profitability by demystifying finance and business economics. Through economic analysis, governance and balance you get a deeper understanding of your business and the main drivers of value. Business economics for engineers will broaden your expertise in business economics to help you see the bigger picture.
In the programme, you will improve your understanding of creating a basis for company reports, and interpret income statements and balance sheets. You will explore the purpose and uses of different calculations, and gain basic knowledge of contract law and tools and tips of how companies can implement a strategic way of working and how to develop their business and strategies to reach their long-term goals.
Content & structure
Module 1 Financial analysis, financial planning and follow-up
Basic accounting concepts
Financial links between business processes
The links between the income statement, balance sheet and cash flow statement
Analysing annual accounts
Financial key ratios (ROI, EBIT etc.)
Financial management from a corporate perspective
Different types of budgets
Using calculations for decision making
Module 2 Contract law, corporate strategy, Excel & Power BI
General terms and conditions
Delivery and transport of goods and risk transition
Review of goods and liability
The strategy process
Selected strategy tools
Strategic analysis, market analysis and trends
Repetition of basic calculation
Handling larger amounts of data
KPI – Key Performance Indicators
From Excel data to visual reports via Power BI
Who the programme is for
Business economics for engineers is for anyone with a technical education, a Bachelor's or Master's of Science in Engineering, with a few years of work experience, with a need to strengthen and broaden their business skills.
A total of 20 participants can take part in the programme.
Benefits and value
- Understanding business concepts and relationships in order to get greater confidence in making decisions, both operational and strategic
- Improving the ability to use and understand basic accounting concepts by using key financial ratios
- Learning how to analyse the company from different points of view
- Understand where the company makes its money by going through the purposes and uses of different calculations
- Learning how to calculate and analyse investments
- Getting basic knowledge in contract law
- Looking at the company based on strategic processes
- Learning how to create visual reports via Power BI
The faculty consists of professional lecturers from Hanken and experienced industry experts. If you wish to take a closer look at the profiles of the lecturers, please contact us and we will send you further information.
Our lectures are based on active learning where the dialogue and exchange of experience between the participants is very important.
The programme combines theoretical and practical aspects both in the content, and methods. You will get tools and skills to understand different business processes that affect the work within the organisation. The programme combines both individual exercises and group exercises relevant to your business. During the programme days, participants have access to our digital learning environments.
The programme fee is 2 790 (+ vat 24 %) per participant. The price includes lecturers, programme material, one year´s license to our digital learning platform, diploma, lunch and coffee.
The programme will be held at the Hanken & SSE Executive Education offices in Helsinki.