2021-2022 / GEST3162-1

Principles of management


30h Th, 25h Proj.

Number of credits

 Master of Science (MSc) in Aerospace Engineering5 crédits 
 Master of Science (MSc) in Biomedical Engineering5 crédits 
 Master of Science (MSc) in Chemical and Materials Engineering5 crédits 
 Master of Science (MSc) in Civil Engineering5 crédits 
 Master of Science (MSc) in Data Science5 crédits 
 Master of Science (MSc) in Electrical Engineering5 crédits 
 Master of Science (MSc) in Electromechanical Engineering5 crédits 
 Master of Science (MSc) in Computer Science and Engineering5 crédits 
 Master of Science (MSc) in Data Science and Engineering5 crédits 
 Master of Science (MSc) in Computer Science5 crédits 
 Master of Science (MSc) in Mechanical Engineering (EMSHIP+, Erasmus Mundus)5 crédits 
 Master of Science (MSc) in Mechanical Engineering (EMSHIP+, Erasmus Mundus)5 crédits 
 Master of Science (MSc) in Geological and Mining Engineering5 crédits 
 Master of Science (MSc) in Geological and Mining Engineering (Co-diplomation avec l'Université polytechnique de Madrid)5 crédits 
 Master of Science (MSc) in Engineering Physics5 crédits 
 Specialised master in urban and regional planning5 crédits 
 Master in space sciences (120 ECTS)5 crédits 


François Pichault, Willem Standaert

Language(s) of instruction

English language

Organisation and examination

Teaching in the first semester, review in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Today's dynamic business world presents managers with an array of complex and exciting challenges, such as globalization, workforce diversity and scarce resources. 
Introduction to Company Management will help engineers influence top-level strategy as a technical leader or senior manager, lead and manage technical teams, and increase the value derived from research and development, and technical operations.
Management is the art and science of helping individuals achieve their goals together. Managers in an organization determine where their organization is going and how it gets there. Put differently, managers formulate strategies and implement those strategies. This course provides a framework for understanding the opportunities and challenges involved in both managing and being managed, and it will help you to be a more effective contributor to organizations that you join.
Over the course of the program, you will develop foundational skills and knowledge in various area of business management, and learn how to apply these tools to your particular industry or role. 
During this course, you will: 

  • Understand and leverage financial data and financial tools
  • Develop high-performing teams and organizations
  • Plan and implement effective operations strategies
  • Lead innovation through its lifecycle
  • Strategize and communicate marketing initiatives
  • Develop frameworks for evaluating and initiating business strategies
Armed with these tools and frameworks, you'll be prepared to face new challenges - and embrace new opportunities - that demand a management mindset. 
Designed for students in the fields of science and engineering, this course provides an introduction to business concepts and industry-specific tools and frameworks. 

Learning outcomes of the learning unit

Depending on the department and the program of study, this course may be a prerequisite to an internship. The internship is intended to give students a chance to consolidate and extend what they have learned in class by working in a professional setting.
Through this course, students develop competence in:

  • Defining and applying the management core concepts
  • Applying academic knowledge and critical thinking skills to address situations and challenges that arise in 21st-century work environments
  • Developing and executing an internship paper integrating analysis inspired by experiential learning (i.e. an internship) with knowledge gained from an academic discipline
  • Exploring how off-campus work experience contributes to a graduate's intellectual, personal, and professional development and informs future career choices

Prerequisite knowledge and skills


Planned learning activities and teaching methods

The following topics are covered:

  • Economics of Strategy - Business Strategy - Marketing (strategic and operational) - Willem Standaert
  • Organization & Human Resources Management - François Pichault
This course is taught in English. 

Mode of delivery (face to face, distance learning, hybrid learning)

Face to face

Recommended or required readings

Assessment methods and criteria

Exam(s) in session

Any session

- In-person

written exam ( multiple-choice questionnaire )

- Remote

written exam ( multiple-choice questionnaire )

Additional information:

Students will submit group assignments during the semester, based on the corporate/business strategy and product marketing concepts of the course. For details, including the weight of each activity towards the global grade, please check the course materials.
A timed multiple-choice questionnaire (MCQ) test, covering all subjects thaught during the course, will be organized in January, 2022 (date and time to be confirmed) exclusively. The second sitting is scheduled in September 2022.
This test will be organized using the University's eCampus platform.
No transfer of partial grades from previous years will be allowed.

Work placement(s)

Organizational remarks

Classes are scheduled during the fall term, on Monday mornings 9:00 AM - 12:00 PM. Please check on Celcat for room details.
Course announcements and material will be posted on eCampus


For further information, please email to Willem Standaert, course coordinator: willem.standaert@uliege.be
Office hours: by appointment only.