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Stevens Institute of Technology

Course Descriptions


"The program provided me with tools, techniques, methodologies, and challenging opportunities to think like an executive and act as an entrepreneurial business leader. It broadened my range of thinking and I started to lead more strategically.".

Kate Kemker
Director
Computer Sciences Corporation
EMTM 11- Class of 2004

 

 

Strategic Issues

  • EMT 677 Emerging Technologies
    This course discusses emerging technologies, how they evolve, how to identify them and the effect of international, political, social, economic and cultural factors on them. Topics covered in the course include accuracy of past technology forecasts, how to improve them, international perspective on emerging technologies, future customer trends and forecasting methodologies such as monitoring, expert opinion, trend analysis and scenario construction. Emerging technologies will be examined through student company examples, invited speakers and videos.


  • EMT 714 Technology Strategy
    This course discusses the technology strategy process and develops skills, methodologies and critical thinking in order to achieve technological competitive advantage. Subjects covered include technology life cycles, type and characteristics of R, D & E, project portfolio selection and an overview of successful development strategies. Case studies will be used to build competence and confidence in the concepts.


  • EMT 715 Strategic Business Management
    This course focuses on the major elements of the strategic management model including mission, external and global environment, company profile, strategic analysis and choice, long and short term objectives; actions, plans/tactics, policies, restructuring/reengineering, strategic control and Continuous Process Improvement (CPI). Student teams analyze and formulate strategies for the companies they select. This course includes concepts and management principles that will be expanded in EMT 714 Technology Strategy, EMT 755 Process Management in Hi-Tech Organizations, and EMT 677 Emerging Technologies.


  • EMT 635 Managerial Judgment and Decision Making *
    Executives make decisions every day in the face of uncertainty. The objective of this course is to help students understand how decisions are made, why they are often less than optimal and how decision-making can be improved. This course will contrast how managers do make decisions with how they should make decisions, by thinking about how "rational" decision makers should act, by conducting in-class exercises and examining empirical evidence of how individuals do act (often erroneously) in managerial situations. The course will include statistical tools for decision-making as well as treatment of the psychological factors involved in making decisions.

People Management

  • EMT 740 Managing Multifunctionals Teams
    This course focuses on understanding the interplay of group, inter-group, and organizational factors on the performance of multifunctional teams in technology-based organizations. The course integrates theory and research on multifunctional teams with the skills necessary for effectively managing them. Topics covered include managing decision making and conflict in multifunctional teams, managing the team's boundary and inter-group relations, organizational designs that support working cross-functionally, and measuring and rewarding team performance. Cases are used to illustrate the problems of working cross-functionally. Individuals are given feedback on their team skills.


  • EMT 751 Project Management and Leadership
    This course provides a theoretical and practical perspective on modern project management and leadership in technology-based organizations. It forms the conceptual basis to develop "a project leader's mindset." The course focuses on strategic project success, as well as project cultures, project organization, and project processes as they are employed in different project types and for different levels of project uncertainty, complexity, and pace.
    The leadership part of the course is based on the premise that people are the real engine behind project results, and they must be led and motivated in a very unique way. Different leadership styles are discussed, together with motivation and career issues in different project and organizational settings.


  • EMT 758 Oral and Written Communications Competency
    Workshop 1 provides students with the tools to effectively communicate both orally and in writing.

  • This practicum tests the students competency via a graded report card for individual and team presentations.

Operations Management

  • EMT 755 Process Management and Six-Sigma Quality
    Operations excellence is a key competitive advantage for global companies. Eliminating waste, removing defects from development and delivery services, and improving processes are the underlying elements of success. This course provides students with the skills and tools for management and improvement of business processes to improve productivity, increase customer satisfaction and sustain competitive advantage. We start with a discussion of underlying principles of Quality and Process Management, and application of these principles to entire business. This is followed with a working knowledge of process mapping, principles of process improvement and Six Sigma problem solving methodology-DMAIC. Students will learn the key tools and techniques for process management, statistical process control (SPC) and Six Sigma. Students individually and in teams apply the class learning to business problems in real corporate environment.

Innovation and New Product/Business Development

  • EMT 741 Innovation Management Process
    This course focuses on how to take a product or service from concept to market quickly and successfully. It covers the conventional stage-gate process and explores when it works, when it does not, and offers alternative innovation strategies that are appropriate for different innovation environments including breakthrough new products and services. The main emphasis of this course is on developing and commercializing technically sophisticated products and services.


  • EMT 752 Corporate Venturing
    This course focuses on corporate venturing and intrapreneuring. Business and financial issues associated with starting and buying an entrepreneurial, high-technology business are also addressed. Subjects covered include a discussion of previous corporate ventures, critical success factors and an international perspective on corporate venturing. Lessons learned from new technology start-ups will be discussed along with an evaluation of the decision processes used by venture capitalists. The final project is the development of a venture plan for the student's company. Over half of the business plans receive funding. Start-up funding on previous projects has ranged from $50,000 to $1,000,000,000.

Functional/Business Management

  • EMT 624 Financial Analysis for Technological Organizations
    This course presents concepts regarding the collection, processing, and reporting of financial information in a technology-based business. Managerial accounting and cost accounting, and their uses and limitations will be discussed. Use of financial statements, budgets, and cost estimates in management decision making will be emphasized. The impact of the risk and uncertainty associated with financial decisions will be illustrated via case examples.


  • EMT 628 Financial Analysis Ramp
    This ramp course is designed to provide students with a basic understanding of accounting terminology in order to assure a common level of understanding for the class The course consists of a web-based self-administered tutorial with quizzes and problems, a three-hour lecture (Question and Answer class) prior to the first class meeting of EMT 624 Financial Analysis for Technological Organizations, and a post-test. The class and tutorial can be waived if a student has sufficient background in accounting . The post-test is mandatory.


  • EMT 642 Marketing Management in Technical Organizations
    This course focuses on the methodology involved in developing and writing an effective marketing plan. It covers how to obtain the information that is needed and how to write a rigorous marketing plan for a product or service. The course details the steps needed to perform a market opportunity analysis (MOA) and explores how to develop market-based strategies and tactics to capitalize on the identified opportunities.
  • EMT 672 Technology Licensing and Finance *
    This course comprises the topics of Technology Assessment, Valuation, Transfer, and Commercialization. Despite the prodigious output of American invention, much early stage technology remains poorly selected, protected, managed and financed. Firms waste billions of dollars on the wrong technological bets. Students will learn methods for sourcing, screening and protecting promising technologies for commercial exploitation. The second half of this course studies ways firms can leverage external R&D through license agreements, joint ventures, litigation, acquisitions, and spin-off companies. Exploiting early stage technology makes a firm more nimble and gives it more options to act. Regardless of the student's current job function, technology mangers need to understand their options to assess, license and acquire technology.

  • EMT 607 Managerial Economics *
    This course presents a balanced coverage of traditional and modern microeconomics tools, and examines the use of economic information analysis in making business decisions. It teaches the practical utility of basic economic tools such as present value analysis, supply and demand, regression, indifference curves, isoquants, production, costs, and the basic models of perfect competition, monopoly, and monopolistic competition. It also include production and cost analysis, pricing, capital budgeting and uncertainty.

  • EMT 623 Financial Management *
    This course covers such issues as the financial manager's functions, liquidity vs. profitability; financial planning; capital budgeting; management of long-term funds, money and capital markets, debt and equity; management of assets, cash and accounts receivable, inventory and fixed assets.

  • EMT 638 Corporate Finance *
    This course serves as a second semester sequence in corporate finance. Students enrolling should have a mastery of the topics of covered in Managerial Finance I (EMT 623), including time value of money, capital budgeting, risk adjusted hurdle rates, managerial accounting, and ratio analysis. Among the topics covered in EMT 638 are: leverage on the balance sheet and weighted average cost of capital; bankruptcy, turnarounds and recapitalizations; international currency hedging; stock options; private equity valuation; mergers & acquisitions; and the issuance of public and private securities.

Capstone/Integrative Experience

  • EMT 798 Integration and Application of Technology Management
    This is the capstone course for the EMTM program. It is designed to integrate the knowledge developed in the other courses via a business simulation in which teams of students compete in running their companies in a complex simulated environment.
    The course includes lectures and workshops that demonstrate theory and techniques of cross-functional decision making in the management of technology. Individuals and teams will be observed and assessment feedback will be given.

* EMBA Extension program