Core modules build rapidly on your previous experience, while introducing new and challenging disciplines. You will cover the general functions of management, explore essential business topics and acquire the skills to be an effective and inspiring leader in whatever career you choose.
There are six core modules carefully designed for online learning. Each module provides you with a solid grounding in business theory and practice. The emphasis is on applied learning, giving you a chance to test your understanding through case studies and simulations. Students are placed in diverse syndicate groups. These groups consist of students from a variety of cultural and industry backgrounds to ensure that you gain the widest possible perspective from the MBA experience.
Financial and Management Accounting
Lecturer: Jolande Bot-Vos
This module contributes to your managerial potential by explaining the techniques of financial management accounting and examining the relevance to broader issues of decision-making and organisational control.
During the module, you’ll develop the ability to:
- Appreciate the different uses of financial and management accounting information for a wide range of decisions relating to financial performance, corporate social responsibility and governance, and business sustainability
- Evaluate the uses and shortcomings of published financial accounts, having a command of the basic accounting concepts and principles of underlying accounting information systems
- Appreciate the contribution of different forms of cost analysis to the analysis of short-run and long-run management decisions
- Evaluate the strengths and weaknesses of management accounting information and systems in supporting management control of organisational effectiveness, responsibility and sustainability.
This module provides a framework for understanding organisations and managing some of their key processes. It will also provide an opportunity to think about yourself as a leader and how you can develop your leadership skills.
This module will allow you to:
- Analyse motivation problems in an organisational context
- Manage basic team dynamics
- Design effective organisations
- Manage the intricacies of power and influence in organisational life
- Analyse and manage organisational culture
- Think critically about your own leadership skills and how to develop yourself as a leader
Among business disciplines, marketing is the primary contact point between a business and its customers. Nearly everybody will, at some point in their career, wear a marketing hat. Understanding marketing will help you whether you are an accountant, a consultant, a programmer, a banker, or a museum curator. Appreciating customer needs and how to marshal the resources of an organisation to meet those needs are crucial skills in today’s business world.
This module develops a general management viewpoint in planning and evaluating marketing decisions, from both strategic (e.g. market selection, firm objective, etc.) and tactical (e.g. promotion, pricing, etc.) perspectives. The module will also help you to understand how marketing decisions are affected by organisational and environmental influences.
Lecturers: Professor David Miles
This module introduces economic concepts of practical value in business life, providing a conceptual framework for assessing the interaction between firms and markets, and identifying the ways in which profit opportunities arise in markets and can be effectively exploited.
It will provide a framework for modelling the interaction between consumers and producers, allow you to explore alternative market structures ranging from monopoly to perfect competition, and enable you to identify and analyse strategic interaction between market participants.
Lecturer: Professor James Sefton
This module provides a framework for analysing financial markets and showing how they interact with the key decisions of firms. It will enable you to understand the role of assets, pricing, and the interaction between the economy and financial variables.
- Provides information regarding the two key financial instruments (stocks and bonds)
- Introduces the key derivatives markets (futures and options)
- Examines Portfolio Analysis and the risk return trade-off
- Introduces the concepts of risk and return in financial markets and the relevance of diversification
- Explores how return is related to risk through the Capital Asset Pricing Model
Corporate Finance will extend your understanding of company valuation and investment appraisal, introducing the concept of the cost of capital and how it can be calculated. It shows how companies are financed and how to decide between different types of finance.
The most common understanding of strategy is that it is about how an organisation achieves an advantage in a competitive, fast-paced environment by harnessing its resources and competencies over relatively long periods of time, in pursuit of specific goals. Strategy is shaped by external market conditions as well as the resources available to management internally (including the firm’s internal structure, systems and culture). This integration of the external and internal perspectives provides the basic framework for strategic thinking.
The strategy module gives you a holistic view of the firm, helps to develop your ability to think beyond day-to-day business activities and challenges you to ask the right questions about a firm’s future. These skills are essential to being an effective general manager.