Engineering management: meeting the global challenges

Content: Introduction to Management Challenges for EngineersIntroductionDefinitionsEmployment Trend in IndustriesSTEM Professionals as Effective Technical ContributorsManagement and LeadershipBecoming Effective Managers in the New MillenniumConclusionsReferencesTHE FUNCTIONS OF ENGINEERING MANAGEMENTPlanningIntroductionTypes of PlanningWho Should Do the Planning?Inexact Nature of Strategic PlanningPlanning Roles of Engineering ManagersTools for PlanningPlanning ActivitiesSome Specific Advice on PlanningConclusionReferencesOrganizingIntroductionDefinitionsActivities of OrganizingOrganizing One's Own Workplace for ProductivityDeveloping Organizational StructureEnhancing Corporate Performance by Organizing: ExamplesConcurrent Engineering TeamsDelegatingEstablishing Working RelationshipsInformal OrganizationsConclusionReferencesLeadingIntroductionStyles of LeadershipLeading ActivitiesDecidingCommunicatingMotivatingSelecting Engineering EmployeesDeveloping PeopleSpecial Topics on LeadingConclusionAppendix A: Factors Affecting One's Influence on OthersAppendix B: Motivation of Mission-Critical PeopleReferencesControllingIntroductionSetting Performance StandardsBenchmarkingMeasuring PerformanceEvaluating PerformanceCorrecting PerformanceMeans of ControlGeneral CommentsControl of Management TimeControl of PersonnelControl of Business RelationshipsControl of ProjectsControl of QualityControl of KnowledgeConclusionReferencesBUSINESS ESSENTIALS FOR ENGINEERING MANAGERSCost Accounting for Engineering ManagersIntroductionProduct or Service CostingApplication of ABC in IndustryRisk Analysis and Cost Estimation under UncertaintyMiscellaneous TopicsConclusionsAppendix A: Basic Terms in Cost AccountingAppendix B: Cost AnalysisAppendix C: Time Value of Money and Compound Interest EquationsAppendix D: Depreciation AccountingAppendix E: Inventory AccountingAppendix F: Derivation of Single Payment Compound Amount FactorAppendix G: Derivation of Uniform Series Compound Amount FactorAppendix H: Derivation of Annual Cost Computation EquationsAppendix I: Conversion of a Probability Density Function to Its Cumulative Distribution FunctionReferencesFinancial Accounting and Management for Engineering ManagersIntroductionFinancial Accounting PrinciplesKey Financial StatementsFundamentals of Financial AnalysisBalanced ScorecardCapital FormationCapital Assets ValuationConclusionAppendix A: T-AccountsAppendix B: Financial RisksAppendix C: Derivation of an Infinite SeriesAppendix D: Derivation of the Dividend Growth ModelAppendix E: Derivation of PVGOReferencesMarketing Management for Engineering ManagersIntroductionFunction of MarketingMarket Forecast: Four-Step ProcessMarket SegmentationProduct/Service StrategyPricing StrategyMarketing Communication (Promotion)Distribution (Placement) StrategyPhysical EvidenceProcess DesignPeopleCustomersOther Factors Affecting Marketing SuccessConclusionAppendix A: Product Concept Testing Program (Air Cleaners)Appendix B: Consumer Survey and Market ResearchAppendix C: New Product DevelopmentReferencesENGINEERING LEADERSHIP IN THE NEW MILLENNIUMEngineers as Managers/LeadersIntroductionCareer Path of a Typical EngineerFactors Affecting Promotion to ManagerFactors Causing Engineers to Fail as ManagersLeaders and ManagersLeadership Styles, Qualities, and AttributesLeadership Skills for the Twenty-First CenturyUnique Contributions Expected of Engineering ManagersCareer Strategies for the Twenty-First CenturyTake-Charge FormulaConclusionAppendix A: Ten Factors for Survival and Success in Industry (Alexander and Watson 2013)Appendix B: Seven Most Common Reasons for Career FailuresAppendix C: Tips on Coping for First-Time Supervisors and ManagersAppendix D: How to Manage One's Own SuperiorsReferencesCreativity and InnovationIntroductionCreativity and Creative Thinking StrategiesGeneration of New Products/Services Ideas by the DeepThink MethodologyFundamentals of InnovationsInnovation ManagementSelected Innovation Practices in IndustryConclusionsAppendix A: DeepThink Question-Based PromptsAppendix B: Selected Examples of Creative Ideas That Demonstrate the Use of DeepThink MethodologiesReferencesEthics in Engineering Management and WorkplaceIntroductionEthics in the WorkplaceGuidelines for Making Tough Ethical DecisionsCorporate Ethics ProgramsAffirmative Action and Workforce DiversityGlobal Issues of EthicsConclusionReferencesOperational ExcellenceIntroductionTools for Achieving Operational ExcellenceImplementation of Operational ExcellenceConclusionsAppendix: "Service" ModelReferencesGlobalizationIntroductionGlobal Trends and CommerceUnited Nations Statistics and GoalsGreat Philosophical Debate about GlobalizationImpact of Catastrophic Events on GlobalizationNew Opportunities Offered by GlobalizationPreparation for GlobalizationGlobalization DriversImplementation Issues Related to GlobalizationQuality of Global LeadershipProduction Engineering in a Global EconomyJob Migration Induced by GlobalizationConclusionReferencesEngineering Management in the New MillenniumIntroductionFuture TrendsOld Economy and Knowledge Economy CompaniesCharacteristics of Progressive CompaniesTransition to the Knowledge EconomyPersonal Strategies for the FutureContributions in the New MillenniumThe Challenges AheadConclusionsReferencesAppendix: Selected Engineering Management and Business Cases