Management and Entrepreneurship in Biomedical Engineering

(Department)  Biomedical Engineering         (Division)       -
 (Level and Major) bachelor

10Course Title               Management and Entrepreneurship in Biomedical Engineering
Number of Credits       2             Prerequisite -
Lecturer -

Course Description -
 Course Goals and Objectives
In this course, the student is introduced to the basic concepts of management and entrepreneurship and its applications in medical engineering. The goal is to empower the student to identify strengths and weaknesses within the organization as well as opportunities and external threats in launching new business and entrepreneurship in the field of medical engineering.
Course Topics        
1- History and theories of management
2- Overview of the concepts of income, cost structure, profit, time value of money, financing, return on investment, and financial statements
3. Planning
4. Organizational structure
5. Sales and Marketing
6- Market and Customer (Study of Medical Engineering Markets)
7- Competitive environment (acquaintance with leading companies in medical engineering)
8. Collaboration between companies (mergers & acquisitions, joint ventures, contract manufacturing)
9- Import and Export (Ordering Process, Credit Opening (LC), Incoterms)
Technology Management and Intellectual Property (Including Excerpts in Medical Engineering)
11- Business start-up stages (business plan, company registration, obtaining licenses from related organizations such as Ministry of Health and Mining and Trade)
12- Case study of successful entrepreneurs in medical engineering in Iran and worldwide
Reading Resources
  1. Gapenski, L. C.. “Healthcare Finance: An Introduction to Accounting and Financial Management”. Health Administration Press.1999
  2. Lee, J. S.” Biomedical Engineering Entrepreneurship.” World Scientific.2010
  3. Fred David, “Strategic Management, “13th edition, Prentice Hall, 2011.
King, Christine E., et al. "Introducing Entrepreneurship Into A Biomedical Engineering Capstone Course At The University of California, Irvine." Technology & Innovation 20.3, 179-195. 2019

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