Accounting and Finance
This module provides an introduction to the theory and practice of financial accounting and reporting, management accounting and finance. Both commercial and not-for-profit organisations will be considered.
Financial reporting is the process of presenting financial (and other) information to a range of stakeholders in order to ensure appropriate accountability and stewardship. You will be encouraged to consider the need for integrity in financial accounting and reporting, and the potential limitations of regulation and standards.
Management accounting is concerned with the preparation and presentation of accounting information to aid managers in their jobs of planning, decision making and control. New and traditional management accounting techniques are analysed in the context of a changing management context with its emphasis on strategy, costing and performance metrics. The content of the module is aimed primarily at managers and not accountants.
The finance section emphasises two of the major financial decisions, the investment decision and the financing decision - where the money comes from and how it is best used within the organisation.
In the mixed economy, society's productive resources are allocated by a mixture of planning (government and firms) and decentralised decision making (individuals and markets).
The module provides an introduction to the economic analysis of resource allocation at the level of individual consumers, firms, markets and the overall economy to show how these alternative economic principles can be used to promote the optimal allocation of resources for society as a whole.
This module explores key contemporary issues in organisational behaviour and the management of people in diverse and dynamic contexts.
The topics covered will include employee motivation, leadership and working in teams, power and politics, conflict, change, culture and diversity
The module offers an overview of the nature and practice of marketing at both the strategic and tactical levels. You will be introduced to a variety of conceptual frameworks and will be expected to apply them in relation to case study companies and your own business experience.
Key themes to be addressed include: the nature and role of marketing and marketing management; connecting with customers and building strong brands; shaping and managing the marketing offering; and communicating and delivering value.
This module provides a thorough grounding in concepts and principles that are essential for the successful management of operations in contemporary organisations. Module topics include:
- the role of the operations function and the major variables in managing operations
- service operations management, including service systems design and queuing systems
- quality concepts and the management of quality
- supply chain management concepts including material and information flows, supply chain dynamics, forecasting, sales and operations planning, postponement and mass customisation
- lean thinking, lean concepts and process excellence
- project management concepts and methods
This module examines the process of strategic management, focusing on the nature of strategy formulation and implementation. The analysis of strategy concepts and case study examples will be used to develop awareness of the factors that must be considered in strategic decision-making. Topics include:
- strategic vision and mission, environmental and industry analysis
- generic strategies
- core competence
- growth and diversification
- internationalisation and the execution of strategy
Entrepreneurship and Creativity
Theorists and policy makers now understand the link between entrepreneurial activity and economic development, and creativity and innovation underpin all successful entrepreneurship.
Successful entrepreneurship is characterised by a set of identifiable skills that are useful in any domain, and these skills are best developed in an integrative and engaged environment, where theory can be practically applied. This module will use the Ingenuity creative problem solving model to integrate the content and simulate the entrepreneurial environment.
The module's focus will be on generating, evaluating and selling innovative ideas in a team context. Whilst led by academics, practitioner engagement will be central to the module's successful delivery. This will be achieved through a combination of guest lectures and mentoring by experienced entrepreneurs.
Sustainable Decisions and Organisations
This module integrates and reflects upon the interdisciplinary nature of the programme and challenges your understanding and application of the material presented on the core modules. This is undertaken by focusing on the role of different business stakeholders in achieving economic and environmental sustainability - through an examination of their possibly contradicting and contradictory objectives, values and decision-making processes.
We have a wide range of practitioners featuring in the module. You will have to present and defend your integrated sustainable strategy to a real board, consisting of practitioners with experience of board membership. You will also run a real media conference consisting of journalists from the press.
MBA Management Project
Tthe Management Project as a requires you to undertake independent research in a topic relevant to business or management.
The specific topic is subject to an approval process. Course members enrolled on a specific MBA variant must undertake a Management Project related to their named variant.
Choose four from the following list:
Advanced Business Ethics
This module examines ethical issues and dilemmas, covering a range of complex and controversial problems relating to business in a global economy. The main concepts and theories underpinning the business ethics field will be introduced, and you will have the opportunity to apply these to business situations.
More specifically, the module explores pertinent issues of human rights, globalisation and sustainable development, and places these within different philosophical and cultural perspectives. The course also explores the role of professionals from an ethical perspective, and situates these explorations within a political-economic framework.
Business Intelligence in the Digital Economy
This module explores the role of Business Intelligence (BI) in transforming the way companies strategise and organise for change to induce sustainable growth and innovation, new organisational forms, and intellectual property.
BI is prevalently relevant to the digital economy. Being digitally fluent is a must to lead and manage, and to respond to changes in competition and markets.
The module examines the ethical and practical justifications for the idea that companies should operate in the interests of shareholders and also the counter arguments in favour of a stakeholder perspective. The module then deals in turn with the major financial decisions made in organisations (capital budgeting, capital structure, dividends, mergers, working capital). Decisions are analysed first in the context of well functioning capital markets. Capital market imperfections and behavioural biases on the part of managers and investors are then considered.
The module aims to emphasise the importance of answering the question "In whose interests should organisations be run?" before beginning the process of financial decision making. The module also aims to develop the key skills of forecasting and valuing risky cash flows, and the ability to apply these skills in financial decision making contexts.
Entrepreneurship in Practice
Thsi module will introduce you to the more practical elements of innovation and enterprise activity across multiple contexts, including not just new venture creation but corporate and social entrepreneurship as well.
Whereas Entrepreneurship and Creativity focuses on idea generation and entrepreneurial theory, Entrepreneurship in Practice will prepare students to recognise opportunities, and to implement innovation and enterprising ideas. The ability to make informed and timely decisions will be an important aspect of this, and the module will use a start-up business simulation to encourage this.
Games and Strategies for Business
This module provides an introduction to decision theory and the theory of games with particular emphasis on the application to business problems and managerial decision making. Participants are introduced to the main concepts and tools of the theory and the techniques of practical analysis of business ecision problems.
In addition, the module covers the main theoretical insights these approaches have produced into competition and conflict as well as co-operation and pro-social behaviour between economic and business decision makers.
This module covers the following:
- What is Innovation Management? - definitions and models of the process
- Innovation Strategy - the national and competitive environment; innovation processes within mulitinational firms; innovation processes within large public sector organisations; the systems of innovation specific to small high technology firms
- Management techniques for innovation - shared vision, effective team working and a creative climate
- Learning from Markets - marketing technological and complex products and learning through alliances
- Integration of Approaches - Key themes, learning to manage and measure innovation and through the group presentations - Appraisal of innovation management within different organisations
This module examines contemporary developments in the practice of international financial management. It includes analysis of foreign exchange markets and international financial markets, including the international stock market, international banking and the Euromarkets.
Emphasis is placed on discussion of risk management techniques to protect against both currency and political risks. Both long term international investment and financing decisions and short-term exporting decisions form part of the module.
Leadership and Management of Change
This module is about leadership based on the observation that the leadership needs of organisations vary by the stage of the organisations existence. Leading an entrepreneurial start-up requires different skills from leading a mature organisation. Consequently organisations need to be aware of their progress through the organisation's lifecycle and evolving needs. This course examines the stages of an organisations existence and the associated evolving leadership needs, plus additional situations such as leading in a crisis.
The module focuses on identifying leadership needs and the necessary decisions together with the appropriate leadership style. As a secondary theme there will also be a number of sessions focussing on leadership qualities and styles which will encourage participants to reflect on their own development as leaders. A number of models of leadership are considered and different leadership perspectives. Understanding of the concepts is achieved predominantly but not exclusively through the use of case study material.
The module covers the following:
- Definitions and classifications of projects
- Objectives in project management - time, costs, quality
- Activity identification
- Resources and resource management
- Critical Path Method, programme evaluation and review technique, and resource scheduling
- Performance measurement and costs
- Project lifecycles and models
- Project teams and leadership in project management
- Managing risk in projects
- Critical Chain Planning Method
- Analysis of project success and failure
- Monte Carlo Simulation
- Project management software
Responsible Business: A Strategic Approach
This module provides an introduction to the manner in which social and environmenal problems are incorporated into corporate strategy. Large and small enterprises are having to adapt to governmental regulation, however many businesses are going above and beyond the standards required by regulation.
The module will consist of two distinct but ultimately related elements. The first section examines global environmental and social issues, the development of strategies to address these issues and the debates surrounding them. The second section will consider the impact of such strategies on firm performance and behaviour.
Venture Capital and Private Equity
The module covers venture capital and private equity provide risk capital to firms at various stages of their life-cycle. This involves selecting investments, structuring deals, valuation of investment opportunities, leveraged buyouts (LBOs), managing portfolio firms, and exit.
The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.