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Management Bootcamp

Dr. Jouni Lyly-Yrjninen

Mr. Santiago Velasquez

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What is management bootcamp???

This course serves as an introduction to an engineering MBA

programme

This course introduces the basic business terminology and hence

provides a solid foundation for more advanced managerialstudies

This course briefly discusses the most important concepts used

by managers in different oranizational areas (marketing, product

development) and some contemporary management trends

Decisions of different managers have implications in other parts

of the company and that is why it is important to understand theinterrelated nature of managerial decisions

In a sense this course portrays the big picture of business

administration that can then be complemented with more focused

courses

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About the lecturer

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Senior Researcher at Tampere University of Technology

Responsible of International Masters Degree Programme in Business and

Technology

Programme focuses on management of customer-supplier relationships ininternational, technology-driven B2B markets

Education

MSc in Industrial Engineering and Management 2002

PhD (Industrial Engineering and Management) 2008

Number of scientific publications

3 patents in the area of mass customization

Books on management accounting, cost management, research

methodology, industrial management

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Content of the bootcamp

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International Experience

Foreign exchange student, USA, Utah 1993-1994

Internship, Hydroscand Ab, Stockholm, Sweden, Summer 1998

Internship, Indunorm GmbH, Duisburg, Germany, Summer 1999

Exchange student, Monterrey Tech, Mexico, Spring 2001

Personal Interests

Financial Literacy the use of numbers in decision making

Intercultural communication, Teaching multi-cultural groups

Salsa, Accordion

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Session 1 - Content

Introduction

Understanding Businesses

What is Business?

Factors of Production, Products, and Profit Understanding the Cost Structure

Understanding the Value Added

Understanding the Supply Chain and Supply Network

Creating and Managing the Distribution Channel

The Business and its Stakeholders

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Industrial evolution - From agrarian

society to knowledge society

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Industrial evolution - From agrarian

society to knowledge society

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Industrial evolution - From agrarian

society to knowledge society

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Industrial evolution - From agrarian

society to knowledge society

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Industrial evolution - From agrarian

society to knowledge society

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010001

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Industrial evolution - From agrarian

society to knowledge society

Is such development good or bad???

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Industrial evolution - From agrarian

society to knowledge society

Is such development good or bad???

When thinking as a businessman

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Industrial evolution - From agrarian

society to knowledge society

Is such development good or bad???

When thinking as a businessman

there has always been businesses to manage

such structural changes create new opportunities

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010001

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Industrial evolution - From agrarian

society to knowledge society

Industrial evolution (employment) in Tampere region

follows pretty well the same pattern!!!

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use offactors of production

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use offactors of production

NaturalR

esources (Raw materials)

Labour(To work on the raw materials)

Capital (To buy machines and raw materials and pay the labour)

Entrepreneurship (to take the risk by starting a business)

Knowledge (to know what to do, how and why)

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

Product

Good Service

Product

Service

Good

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

Profit = Total Income Total Expenses

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

Income and Expenses of Student Rs.

-

-

Total Income

-

-

-

-

Total Expenses

Net Profit

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

In ome and xpenses of Student Rs. %

Family 7 000Government holarship 0

Total In ome 7 000 100

Rent 3 000 43

Food 2 800 40

Recreation 800 11

Telephone 200 3

Other Expenses 100 1

Total xpenses 6 900 99

Net Profit 100 1

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

Rent, 43 %

Food, 40 %

Recreation, 11 %

Telephone, 3 %

OtherExpenses, 1 %

NET PROFIT, 1 %

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

In m nd xp ns s S ud n s. B r s. A r

Fa ily 7 000 7000Govern ent cholar hip 0

l In m 7 000 7000

Rent 3 000 3 000

Food 2 800 2 800

Recreation 800 500

elephone 200 100

Other pen e 100 100

l xp ns s 00

N Pr i 00

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

Rent, 43 %

Food, 40 %

Recreation, 7 %

Telephone, 1 %

Other Expenses, 1%

NET PROFIT, 7 %

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What is Business?

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Business is an activity that seeks profit

by selling goods and services

with the use of factors of production

43 %

40 %

7 %1 %1 %

7 %

0 %

10 %

20 %

30 %

40 %

50 %

60 %

70 %

80 %

90 %

100 %

NET PROFIT

Other Expenses

Telephone

Recreation

Food

Rent

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Understanding cost structure

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Understanding cost structure

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Understanding cost structure

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Understanding value added

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Understanding value added

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Value

added

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Understanding business networks

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Supply chain

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Adding value throughout the supply chain

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Supply network

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Distributors (Agents and Dealers)

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Distributors (Agents and Dealers)

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Distributors (Agents and Dealers)

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Stakeholders

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Competences of young managers

Holistic understanding

Understanding of customer value

Technical understanding

Financial literacy

Skills to work with multicultural teams

Language skills

Skills to get things done without formal authority

Conceptual thinking

Business competence

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Name/Title of the presentation to be changed on the master page 25.2.2011