Course 2024-2025 a.y.

30402 - PRINCIPLES OF MANAGEMENT

Department of Management and Technology

Course taught in English

Student consultation hours
Class timetable
Exam timetable
Go to class group/s: 25
BEMACS (8 credits - II sem. - OB  |  SECS-P/07)
Course Director:
NICOLA MISANI

Classes: 25 (II sem.)
Instructors:
Class 25: NICOLA MISANI


Mission & Content Summary

MISSION

The course introduces the fundamentals of management of firms, covering key concepts and theories of modern organizations. Its mission is to help students understand the complementary roles of individuals, organizations, and institutions in modern economic systems, while also developing a critical perspective on business objectives and behaviors of individuals engaged in economic activity. Students will learn concepts for analyzing firms' processes and gain the skills to apply them in practical business situations. The course also provides an overview of the operational and strategic decisions managers face, emphasizing the underlying economic analyses. By blending theory with real-world business examples, the course encourages active student engagement throughout the learning process.

CONTENT SUMMARY

  • The objectives of firms and their stakeholders
  • The corporate governance of firms
  • The responsibilities of managers
  • Managerial data analysis and decision making
  • Organizational design and organizational mechanisms
  • Strategy analysis, formulation, and implementation
  • External analysis with the PESTEL and Five Forces models
  • Internal analysis: resources and activities
  • Business strategy: differentiation and cost leadership
  • Diversification and vertical integration
  • Cost structure and break-even point analysis

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Define the basic structure of firms and how they carry out their activities.

  • Identify the roles of individuals, organizations, and institutions in modern economic systems.

  • Explain managerial decision-making concepts and the drivers of economic performance.

  • Analyze different strategies that firms can adopt in their macro and industry environments.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Compare the various elements that make up a business organization.

  • Analyze organizational structures and processes within firms.

  • Evaluate managerial decisions using conceptual tools and models.

  • Connect firm strategies to pressures and trends in their economic environment.


Teaching methods

  • Lectures
  • Guest speaker's talks (in class or in distance)
  • Practical Exercises
  • Individual works / Assignments
  • Interaction/Gamification

DETAILS

The course is based on active teaching methodologies aimed at maximizing students’ participation. In addition to theoretical sessions, students are involved in the discussion of case studies and incidents based on real-life examples. Theory and practice are combined dynamically, making room for quantitative exercises and in-class assignments to apply concepts.


Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  x  
  • Collaborative Works / Assignment (report, exercise, presentation, project work etc.)
x    

ATTENDING STUDENTS

The final grade consists of the following components:

  • Partial written exam: 40%
  • End-of-term written exam: 40%
  • Group project: 20%

The written exams test students' knowledge of firms, the roles of different actors in the economic system, managerial decision-making, and firm strategies. These exams consist of multiple-choice questions, exercises, and short-essay questions (e.g., concept questions or case analysis). Exercises and case analysis are designed to assess whether students can apply their knowledge to real business situations, including organizational aspects, structures, processes, practical business decisions, and strategy evaluation.

Students must pass both written exams. Those who fail the partial exam will take a comprehensive exam covering the entire course content at the end of the term, which accounts for 80% of the final grade.

The group project, representing 20% of the final grade, assesses students' ability to apply their knowledge to real business organizations.


NOT ATTENDING STUDENTS

The grade is entirely based on a written exam that tests students' knowledge and understanding of all the concepts of the course and students' ability to apply these concepts. The exam consists of a mix of multiple-choice questions, exercises, and some short-essay questions (e.g. concept questions or cases analysis). Exercises and case analysis in particular are intended to check whether students can apply concepts to concrete business problems and situations.


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

Amore, M.D., Minichilli, A. and Taricco, P. (2024), Management, McGraw Hill.

Last change 20/12/2024 11:25