The purpose of this course is to provide a basic understanding of the nature and dynamics of the strategy formulation and implementation processes as they occur in complex organizations. The student introduced to life practices such as project management, risk management, and change management; organization and management of businesses and business ventures along with related risks, including those when considering making a profit. Further awareness of entrepreneurship and innovation, knowledge of sustainable development are outlined. Knowledge about the global and social effects of engineering practices on health, environment, safety, and contemporary issues related to the field of engineering and awareness of the legal consequences of engineering solutions.