Introduction to Commercial Aspects of Engineering Organisations Unit
Engineers are employed in a range of organisations. Their knowledge and skills are used to solve business needs and contribute to commercial success. Furthermore, the organisations that employ engineers need to understand areas in which their engineering expertise is deployed. As such, this knowledge can help them plan their business effectively to secure competitive advantage. Additionally, engineering organisations need to conduct themselves in a professional way. In conjunction to this, organisations need to have a strong customer focus. Protecting what they do, invent, make or service is equally important for longer-term advantage and survival.
Companies need to operate their commercial activities in a competitive yet legal way. With infrastructure and engineering products and processes becoming increasingly complex, engineers need to integrate consideration of the environmental and social impacts with mainstream and commercial aspects of their work. Consequently, organisations need to be able to deal with both local and national constraints. Furthermore, demonstrating their commitment in these areas such as the use of kitemark systems.
This unit aims to place learners’ studies in the context of engineering business planning, competitive commercial activities and the constraints placed upon engineering related organisations. Additionally, this unit involves developing an understanding of the areas in which specific businesses operate. The unit will also place the considerations of business planning and corporate expectations into a realistic context.
Any commercial process must generate sufficient income to sustain its operation. The income depends both on customer demand and on whether the products or services provided are able to make a profit or remain within budget. This unit will examine the commercial activities carried out by engineering organisations and the constraints that are placed on them inside a quality framework.
On completion of this unit a learner should:
- Be able to use circuit theory to determine voltage, current and resistance in direct current (DC) circuits
- Be able to apply the concepts of capacitance in DC circuits
- Know the principles and properties of magnetism
- Be able to use single-phase alternating current (AC) theory