Rochdale-based Precision Technologies Group (PTG) has partnered with The University of Manchester’s Alliance Business School to help equip MSc students with ‘real-world’ international business skills. As part of a client-facing project, focused on international business issues and how to solve them, a number of the Business School’s MSc Business Analysis and Strategic Management students have spent up to twelve weeks working as external consultants at PTG’s Milnrow headquarters. The aim of the MSc is to equip students with both the academic knowledge and practical skills to become effective business consultants in a global context. The client-facing project provides the opportunity for students to use their academic knowledge to solve real business issues.
Market insight for PTG By conducting key research and analysis into the global market size, future trends and main industry providers for a range of technologies, the MSc students have helped Precision Technologies Group to gain highly pertinent market insight. The students’ work has focused primarily on the global market for screw compressors, friction stir welders and high accuracy gears – all sectors in which PTG is a major player.
Real-world challenges for MSc students
By taking part in the programme, Alliance Business School’s MSc students have benefited from applying the academic knowledge and skills they have learnt in the classroom to PTG’s business challenges. They have also gained a valuable understanding of the real-world operational issues that affect the business. Helping develop the next generation of graduates “As some 98% of our technologies are destined for export, we understand intimately the importance of identifying and often anticipating the needs of global markets,” comments Precision Technologies Group Business Development Director, Neil Jones. “Collaborating with Alliance Business School, to share our expertise, benefit from each student’s analytical skills – and to help develop the next generation of MSc Business Analysis and Strategic Management graduates – has been a highly rewarding experience. The quality of output from the project has been outstanding and has helped us plan ahead strategically.” Providing a vital, in-depth understanding “Our MSc students work with all sorts of businesses, from very small start-up organisations to very well established companies such as PTG,” adds Alliance Business School Careers Consultant Sara Russell. “PTG’s involvement in the programme has enabled eight MSc students to gain an in-depth understanding of the specific issues which affect the organisation, to deliver important market analysis, and to benefit from first-hand experience of the workplace. I am incredibly grateful to PTG for their involvement and look forward to further collaboration.”
Precision Technologies Group: supporting academia and training
Committed to the advancement of machine tool technologies, graduate skills and apprentice training, Precision Technologies Group works with a number of research centres, universities and training bodies. In the UK, the business has forged a strong partnership with The Centre for Precision Technologies at the University of Huddersfield and is the main sponsor of City University London’s biennial International Conference on Compressors and their Systems. The business works closely with Rochdale Training Association and takes on several engineering apprentices each year. Where apprentices show sufficient promise, PTG also provides access to degree-level study. The MSc Business
Analysis and Strategic Management
The MSc Business Analysis and Strategic Management has been developed to provide suitably qualified students with the latest thinking in comparative international strategic management, and put their learning into practice with a unique client-facing project, such as that provided by Precision Technologies Group. The course focuses on real international business issues and how to solve them. Students graduate with a thorough understanding of business analysis and development, and the key skills of international business consulting.