L2_ECE4001_Fall_2008

L2_ECE4001_Fall_2008 - ECE 4001 Fall 2008 Lecture#2...

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ECE 4001 Fall 2008 Lecture #2 Engineering Careers for ECE/CompE Grads August 21, 2008
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ECE 4001 F08 J. S. Kenney © 2008 2 Types of Business Enterprises Services No manufacturing Communications Engineering Consulting Financial, Legal, Medical Custom Products Low volume (labor intensive) Defense Systems Large Accounting Systems Real Estate Development Standard Products Mass production (highly automated) Examples: Consumer Electronics & Software Automobiles
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ECE 4001 F08 J. S. Kenney © 2008 3 What’s It Like “Out There?” As an Engineer in the industry, you are part of a business enterprise The stated objective of every (for profit) company is to increase the wealth of the owners ( shareholders ). If this does not happen, shareholders invest their money elsewhere, and the business will eventually fail. To insure that shareholder wealth increased, every business must eventually turn a profit (a.k.a. earnings or margin) Some short term expenses (like product development) may provide future revenue streams, but these present an investment risk.
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