ECONOMICS AND MANAGEMENT OF BIOTECHNOLOGY COMPANIES
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- Versione italiana
- Academic year
- 2020/2021
- Teacher
- GIUSEPPE MARZO
- Credits
- 6
- Didactic period
- Secondo Semestre
- SSD
- SECS-P/07
Training objectives
- The course aims to provide the main notions necessary to develop awareness and skills about firms. Students will learn the main characteristics of the biotechnology sector from an economic point of view, and will be able to analyze the cost structure, determine the break-even point, analyze - albeit in summary - the financial performance of a firm, identify the main factors determining prices, define the path for strategic planning and understand the main organizational logics of the company.
Prerequisites
- Basic knowledge of mathematics is required.
Course programme
- Module: The biotechnology sector (Prof. Caterina CAVICCHI)
• Biotech companies: types and sector trends
• Types and role of biotechnological clusters
• The role of science and technology parks for the development of biotech companies
• Innovation in biotech companies: the R&D process
• The protection of intellectual property: the patent
Materials provided: slides, articles and sector reports, video lectures.
Module: Business organization (Prof. Giuseppe MARZO)
• The concepts of organization and organizing
• Why organizing is important
• The different forms of coordination
• The internal organization: the organizational structures of H Mintzberg (simple structure, machine bureaucracy, professional bureaucracy, divisionalized form, adhocracy)
• The concept of staff and line
• The organizational structures (functional, divisional, matrix, project)
Materials provided: slides, articles, video lectures.
Module: Financial Accounting (Prof. Salvatore MADONNA)
• The phases of company life; business dynamics; the subjects involved; the system of management operations
• The dynamics of values connected to the various management operations
• The accounting tools and the logic of the double entry recognition technique
• The accounting representation of the dynamics of values
• The accounting representation of the financing transaction, in the initiation and repayment phase; risk capital and credit capital.
• The accounting representation of the investment operations: current and multi-year factors of production; the different settlement possibilities.
• The technical-economic transformation as an internal operation: reasons and consequence of the "book entry gap"
• The accounting representation of the divestment transaction and the various settlement options
• The summary statements: Balance Sheet and Income Statement
• The effects of the different classes of transactions in the summary statements
• The closing of the balance sheet and the need for adjustment operations
• The main accounting settlement operations: amortization; inventories; prepayments, assets and liabilities; accruals, assets and liabilities; the risk of credit default; the severance pay
• The recognition and allocation of the result for the year
• The logical-accounting meaning of the various balance sheet aggregates
• Practical applications and insights
Materials provided: slides, video lectures.
Module: Financial Statements analysis (Prof: Enrico DEIDDA GAGLIARDO)
• Introduction to Financial Statements analysis
• Reclassification of the Balance Sheet - LOANS
• The reclassification of the Balance Sheet - SOURCES
• Financial ratios: composition + correlation
• The reclassification of the income statement
• The profitability ratios
Materials provided: slides, video-lectures.
Module: Costs and margins for decision-making and the Break-Even Point (Prof. Monia CASTELLINI)
• Introduction to the module
• The management control system
• The concept of cost and the purpose of its use
• The concept of cost and purpose of use
• Cost-Volume-Results Analysis
• CVR exercise and the operating leverage
• Short-term decisions
• Exercises
• Final remarks
Materials provided: slides, handouts, video lectures.
Module: Business plan (Prof: Enrico BRACCI)
• The business plan: role, functions and structure
• The qualitative section of the business plan
• Exercise
• The quantitative section of the business plan
• Exercise
• Presentation of a business plan
Materials provided: slides, video lessons. Didactic methods
- Video-lectures
Learning assessment procedures
- Written exam with multiple choice questions
Reference texts
- All materials are provided by the instructors.
