A strategic business approach for the efficient management and utilization of corporate intellectual capital is known as product lifecycle management. Globalization, outsourcing, mass customization, quick innovation, and product traceability are challenges faced by product development teams, which increases the need for cooperation and knowledge management throughout the stages of the product lifecycle. PLM systems are becoming more popular for managing all product information throughout their entire lifecycle, from conception to use and disposal.

The objective of the course is to make students familiar with fundamentals of theory and practice of management, entrepreneurship and economics with special emphasis on application in engineering focused industries and organizations. The course broadly covers the essential management, economics and entrepreneurship issues, an engineering graduate is likely to face at the start of their career. Consider an entrepreneur you know personally. What was the most significant reason for his or her following an independent business career? If you don't already know the reason, discuss it with that...