Business and Economics Monash MBA doc

Business and Economics Monash MBA www.mba.monash.edu.au Australia ■ China ■ India ■ Italy ■ Malaysia ■ South Africa 2 Top ranking MBA offered by top ranking university Monash University is ranked in the top 1% of universities worldwide, according to the Times Higher Education World University Rankings. The Monash MBA is consistently ranked amongst the top MBA programs in Australia and is highly regarded by organisations and businesses worldwide. The program’s international standing is reflected in its accreditation by the Association of MBAs (AMBA). It is just the third such program in Australia, the first in Victoria and only ‘Group of Eight’ university, to be recognised by AMBA. AMBA, based in the UK, is the international impartial authority on postgraduate business education. AMBA’s accreditation service is the global standard for all MBA programs. Currently MBA programs in 168 business schools in 72 countries have AMBA accreditation. The MBA program is offered by the Faculty of Business and Economics. The Faculty is one of a small number of elite entities worldwide that have been awarded accreditation by EQUIS, the European Quality Improvement System based in Brussels. EQUIS schools are assessed against standards of quality that prevail in the best institutions all over the world. EQUIS is the leading international system of quality assessment, improvement and accreditation of higher education institutions in management and business administration. The fundamental objective of EQUIS, linked to the mission of the European Foundation for Management Development (EFMD), is to raise the standard of management education worldwide. The scope of EQUIS covers all programs offered by an institution from the first degree to the PhD. “Today’s business environment needs a new calibre of transformative leaders - leaders who are able to conceive new visions, who promote ethical, sustainable practices and who are able to meet emerging challenges head on. The Monash MBA is uniquely positioned to support the development of these leaders.” Professor Colm Kearney Dean, Faculty of Business and Economics 3 “Traditional management skills are no longer enough. To truly make a difference, corporate leaders must also have a deep understanding of their social responsibility and the impact this has on their business. The Monash MBA addresses both of these elements.” Associate Professor Amanda Pyman BCom (Hons) PhD PGCHE MBA Director 4 Amanda’s pedagogical approach centres on the co-creation of knowledge, and is underpinned by student participation, case study based teaching and interaction. MBA students are encouraged to draw on their own work experience and that of others in debating, applying and critiquing knowledge, theory and analytical tools. In leading the MBA program, Amanda draws on her work with organisations in the public and private sectors in Australia and in the UK. Amanda also teaches Managing People for Competitive Advantage. In 2011, Amanda was the recipient of a Dean’s Commendation for Excellent Teaching and is renowned for her teaching excellence. 5 The Monash MBA – the MBA for people who believe business should be better Consistently placed amongst the top MBA programs in Australia, the Monash MBA offers a new approach to the development of corporate and community leaders. Here, you will learn how to manage, lead and transform organisations but you will do so in a unique way. You will examine and develop your individual leadership and personal capabilities. You will learn to approach business challenges in a holistic way, guided by a professional and ethical framework. Innovative thinking and entrepreneurship will be encouraged and grown. And you will do all this while considering how you can make business better. The Monash MBA has an integrated focus on ethics and sustainability, leadership, negotiation and strategic decision-making with flexible course delivery in a combination of intensive and traditional semester modes. Management Essentials During the Monash MBA you will build on your existing management skills and knowledge, readying you to lead and manage whole enterprises. Extending beyond business fundamentals, you will gain expertise in applying your business skills in a variety of settings. Social Responsibility Our curriculum includes an integrated focus on ethics and sustainability. Here, you will explore moral issues facing contemporary business leaders and you will consider the impact of value-based decisions in the business world. Leadership and Personal Development Program The Monash MBA’s Leadership and Personal Development program is unique. Fully integrated into the core curriculum, it builds on the academic program seeking to assist you to improve your leadership capabilities and to promote your career. The Monash MBA Leadership and Personal Development Program is based on the belief that empowering MBA students in the behaviour-based areas of leadership and personal development is of equal importance to the business and commercial skills gained from the academic curriculum. Corporate Projects Our exclusive corporate project, completed in the final quarter of the course, is an experiential component that offers you the opportunity to apply the qualitative and analytical skills covered in the preceding 12 units of the program in the context of a defined ‘live’ business problem. Program Duration The full-time program is usually completed in two years and the part-time program in four years. However, there is an option for full-time students to accelerate progression through the first 12 units to complete the coursework part of the program in one year of full-time study followed by the corporate project in one semester. This option is based on academic merit. Part-time students may accelerate progression to complete in 2.5-3 years. Associate Professor Vivek Chaudhri BEc PhD Strategic management MBA5005, Negotiation and managerial judgement MBA5500 Vivek is Deputy Head of the Department of Management at Monash University. His areas of interest include applied game theory, business strategy and policy design. Vivek has worked extensively with the Victorian and federal governments on the design of auction formats and market methods in a number of different policy realms. He has also been actively involved in the strategy consulting arena, having advised the Boards and senior management of many private and public institutions, in Australia and internationally, on issues ranging from real options in valuations to designing organisational architectures. Dr Paul Kalfadellis BCom GradDip AppSc MBA PhD The strategic environment of business MBA5510 Paul is an enthusiastic and energetic educator who engages and encourages students to learn in an open, inclusive and interactive environment. In 2007 he was awarded the Dean’s Award for Teaching Excellence. A Monash MBA Alumnus himself, Paul has had extensive experience in both industry and academia. His research interests lie in the areas of foreign direct investment into Australia and cross-cultural communication. Dr George Rivers BEc MEc PhD Business economics MBA9003 George is an economist specialising in cost benefit analysis; legislation assessment; project/program evaluation and pricing. He has received numerous awards for teaching. George has undertaken collaborations with the Department of Natural Resources and Environment, the former Victorian Qualifications Authority, COAG; The Department of Sustainability and Environment; The Department of Community Planning and Development; The Department of Primary Industries; The Department of Justice; VicRoads; Energy Safe Victoria; Royal Botanic Gardens and Alpine Resorts. Dr Dayna Simpson BSc MEng PhD Creating innovative organisations MBA5540 Dayna brings international experience into the MBA classroom, having worked in both the US and Australia. She is passionate about ‘responsible’ innovations that benefit companies financially but are also socially and environmentally beneficial. Her experience over 15+ years working with companies on this topic has shown that creativity, employee involvement and investment is key. Dayna encourages students to think outside the square and not to accept the status quo. Dr Srinivas Sridharan BEng MSc MBA PhD Strategic marketing MBA9006 Having taught for over a dozen years in leading business schools in three countries, Srinivas believes that true learning occurs deep inside the mind of the learner. Teaching Strategic Marketing in the Monash MBA with case studies, he encourages personal responsibility, learning from peers, and a decision orientation in students. Srinivas is a respected researcher in the area of marketing in emerging markets and informal economies, with his work profiled in The Wall Street Journal, Economist Intelligence Unit, and Profit Magazine. Dr Wendy Stubbs BAppSci MBA PhD Creating sustainable organisations MBA5520 Wendy combines her 18 years business experience with her ongoing research into corporate sustainability, to provide a hands-on course in Creating Sustainable Organisations. The course helps students navigate their way through the social, environmental and economic sustainability issues facing business today. Through case studies and guest speakers from leading sustainable organisations, students learn how to develop and implement a business strategy for sustainability. Dr John J. Vaz BBus MBA PhD MAICD Corporate finance MBA9005 John is passionate about finance and believes that every executive should be capable of measuring decisions in terms of intrinsic value. His goal is to empower his students to win the business argument with the CFO in financial terms. He is a formidable teacher who uses cases and simulations in Finance drawing on his many years of experience in chief executive and financial officer roles from start-ups to large enterprises in the Tech sector across many countries. Professor Steve Worthington BSc Ec (Hons) CertEd MBA PhD Strategic marketing MBA9006 Steve joined the Marketing Department at Monash in 2002, prior to which he worked at several universities in the United Kingdom (UK) and he has had executive experience at a UK bank and with a UK supermarket group. His research interests are focused on the distribution of financial services, particularly through the channel of payment cards. Recent publications have focused on the opportunities and challenges facing new entrants into the financial services market, particularly from brands such as Tesco Bank and Virgin Money and on the attitudes of the young, affluent Chinese, as early adopters of credit cards. 6 7 The Monash MBA – a sophisticated educational experience Aimed at the experienced professional and those professionals in transition, the Monash MBA offers a sophisticated educational experience. We carefully select talented professionals who have the drive and ambition to move up to executive status, and who have the personal attributes and management to succeed. You will proceed through the course in a diverse, highly capable cohort of peers. This means that you not only benefit from the knowledge and experience other students ‘bring to the table’ but you can build an invaluable professional network. Accordingly we are highly selective about the individuals admitted into the program. In addition to demonstrating potential leadership capabilities and ambitions, each must contribute to the diversity of background and insight within their group. We look for team players who are independent thinkers. We select individuals with a truly international outlook. Rigorous Curriculum At Monash, you will be expected to actively contribute to a rigorous program of insight and endeavour. You will be required to be confident, to be innovative and to seek to improve your own personal qualities. You will work hard but the outcomes you gain will be invaluable. The Monash MBA thoroughly addresses current management and leadership practices, but it goes well beyond that. Overlaid by the Leadership and Personal Development program, and including two major strategic corporate projects, the curriculum is comprehensive, aspirational and distinctive. The Cohort Experience You will complete your studies with a group of like-minded students. Our MBA units of study are exclusive to MBA students, and you will not be expected to undertake units outside of the program. You will complete your studies in dedicated MBA teaching and social learning spaces. Teaching staff will be located in the same area, promoting interaction outside the classroom. A Flexible Approach The Monash MBA offers flexibility in course delivery enabling you to accelerate your progression, should you wish to do so. Units are delivered in a combination of intensive blocks and conventional semester modes (including some weekends), offering a more problem-based and work-based student experience, appropriate to the professional status of the student cohort. Part- time students will be required to attend some weekday classes. Outstanding Academic Staff The Monash MBA is distinguished by the calibre of its academic staff. Many are internationally recognised for their expertise in the economic, social and technological forces shaping today’s corporate sector. They fully recognise the importance of grounding management theories in practical situations. Experienced industry practitioners complement the mix. Recognised for their various capabilities, business leaders exclusively present their unique insights into cutting edge leadership practices during the program. The Monash MBA – a dynamic community The Monash MBA aims to create and build a unique student experience where partnerships with co-students, MBA alumni, industry practitioners and other institutions are developed throughout the life of the program and beyond. You will build strong professional networks with your fellow students, and you will also have the opportunity to forge strong connections with individuals drawn from both the corporate and not-for-profit sectors across international boundaries. As an MBA alumnus, you will have an open invitation to use the social learning space. MBA alumni regularly contribute to the MBA curricular and co-curricular programs as guest speakers or mentors. Learning Beyond the Classroom At Monash, learning extends well beyond the classroom. MBA students and alumni are invited to participate in the wide range of exclusive co-curricular activities offered each year. Co-curricular activities include: alumni and student distinguished guest speaker events and forums, master-classes and ‘People Leadership Connect’ forums. In 2011, our distinguished guest speakers at Monash MBA Events included: Mr John Brumby (Vice Chancellor’s Professorial Fellow) and Vivek Tulpule (Chief Economist, Rio Tinto). 8 Copyright © 2010 Rio Tinto 9 The Monash MBA – inspiring course content The Monash MBA brings together the best aspects of the top MBAs around the world. It aims to develop individual leadership and personal capabilities and provide a holistic approach to business challenges and issues alongside conventional discipline-based academic subjects. The 16-unit Monash MBA integrates the academic content of the program with the Leadership and Personal Development program. It includes: ■ Four integrating core units (context setting) ■ Critical thinking for problem solving ■ The strategic environment of business ■ Negotiation and managerial judgement ■ Strategic management ■ Eight fundamental units in key business disciplines ■ Business economics ■ Business insights from data analysis ■ Corporate finance ■ Creating innovative organisations ■ Creating sustainable organisations ■ Interpreting accounting information ■ Managing people for competitive advantage ■ Strategic marketing ■ A strategic corporate project (equivalent to four units) Our Unique Corporate Project During the final quarter of your MBA studies at Monash, you will participate in an experiential learning component that hones the qualitative and analytical skills covered in the preceding units of the program into practical, real life activities. The corporate project comprises three elements. ■ A consulting skills unit delivered in block mode (one week of classroom delivery) and entails the development of a broad set of consulting-specific skills. ■ The Community Corporate Project - a group project (one week ‘in company’) completed in the not-for-profit or community sector. The rationale for this is consistent with the broader aims of the Monash MBA program to develop future leaders, and the recognition that business and its leaders are situated in the wider community and hence have an obligation to that community. Examples of community projects being completed by Monash MBA students in 2012 include: strategy implementation; marketing and branding; scoping new business ventures; building organisational capability through team performance, organisational values and workforce development plans; and, utilising information and communication technologies to provide client-directed approaches to service delivery. ■ The Individual Corporate Project - an individual ‘in company’ project students complete in the corporate, public or community sector. There is a suite of possible projects that host organisations have nominated, and students are required to spend up to six weeks (part-time or full-time) in the organisation ‘solving’ a real business problem. Projects can also be completed in your own workplace. This element of the Monash MBA provides both a finishing school for students in the program, and a first-look opportunity at managerial talent for our partner organisations. Corporate Project Fundamental Units Leadership and Personal Development Program Context Setting Units Course Structure Leadership and Personal Development Program Sequence 10 Part A Activities Monash MBA Induction Introduction to MBA Program Introduction to Networking Your Personal Leadership Style Introduction to Reflective Leadership Introduction to Career Management Returning to Study - Skills Audit Effective Research Techniques Using the Case Study Method Presentation Skills Reflective Leadership e-Portfolio Related modules and units (see page 12 – 13) Modules 1& 2 Foundations of Business in a Global Context Mastering Business Fundamentals Units The strategic environment of business MBA5510 Critical thinking for problem solving MBA5530 Business insights from data analysis MBA9007 Managing people for competitive advantage MBA5008 Part B Activities Leadership Philosophy and Reflective Practice Reflective Leadership e-Portfolio Master Class Series Related modules and units (see page 12 – 13) Modules 2 & 3 Mastering Business Fundamentals Module 4 Leadership and Ethics Units Managing people for competitive advantage MBA5008 Negotiation and managerial judgement MBA5500 Strategic marketing MBA9006 Creating innovative organisations MBA5540 Part C Activities Career Management Advanced Networking Communication Strategy 1:1 Career Coaching Monash MBA Alumni Opportunities Related modules and units (see page 12 – 13) Module 5 Strategy in Practice UNITS Strategic management MBA5005 Corporate Project MBA5400 MBA5410 [...]... Mastering Business Fundamentals 3 Mastering Business Fundamentals 4 Leadership and Ethics 5 Strategy in Practice 5 Strategy in Practice 5 Strategy in Practice Units of Study The strategic environment of business MBA5 510 Business insights from data analysis MBA9 007 Business economics MBA9 003 Negotiation and managerial judgement MBA5 500 Strategic management MBA5 005 Critical thinking for problem solving MBA5 530... of Business in a Global Context Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Leadership and Ethics Strategy in Practice Strategy in Practice Strategy in Practice The strategic Business environment insights from of business data analysis MBA5 510 MBA9 007 Business. .. MBA9 007 Business economics MBA9 003 Interpreting accounting information MBA9 004 Corporate finance MBA9 005 Strategic marketing MBA9 006 Creating innovative organisations MBA5 540 Negotiation and managerial judgement MBA5 500 Strategic management MBA5 005 Corporate project 1 (equivalent to 2 units) MBA5 400 Corporate project 2 (equivalent to 2 units) MBA5 410 Critical thinking for problem solving MBA5 530 Creating... organisations MBA5 520 Managing people for competitive advantage MBA5 008 * part-time students may accelerate their course progression (subject to MBA Director approval and unit availability) 12 Units Descriptions MBA5 510 The strategic environment of business MBA9 003 Business economics This case-based unit is designed to provide an overview of the strategic economic and legal environment of business at... information MBA9 004 Corporate project 1 (equivalent to 2 units) MBA5 400 Corporate project 2 (equivalent to 2 units) MBA5 410 Managing people for competitive advantage MBA5 008 Strategic marketing MBA9 006 Creating sustainable organisations MBA5 520 Corporate finance MBA9 005 Creating innovative organisations MBA5 540 * full-time students may accelerate their course progression (subject to MBA Director approval and. ..Leadership and Personal Development program We believe empowering our students in the behaviour-based areas of leadership and personal development is of equal importance to the business and commercial skills gained from the Monash MBA Program. The leadership and personal development program forms an integral part of the Monash MBA and it is designed to complement academic... leaders are discussed and in-unit assessments ■ People Leadership Connect Series, presented by one of the most respected and innovative minds in people networks, is a unique approach to networking which is focused on understanding the united values, habits and strategies required to connect and collaborate with people and optimise performance and brand, by remaining relevant and ‘Top of Mind’.  ■ Study... reasoning to: (a) successfully manage business problems; and (b) interpret and produce clear and sound arguments in relation to business issues of general interest Students will also develop questioning strategies to support a critical inquiry approach to their learning and research activities throughout the program MBA9 007 Business insights from data analysis In business, the ability to identify situations... explores innovation at the design, process and system level that is both user-led and technology-led It explores concepts that include the nature of innovation and what drives it, new frontiers of innovation in operations and supply chains and future frontiers in social and environmental innovation MBA5 008 Managing people for competitive advantage MBA5 500 Negotiation and managerial judgement Effective management... Faculty of Business and Economics Monash University Building N, Level 4 27 Sir John Monash Drive Caulfield East, Victoria 3145, Australia Telephone: (+613) 9903 1400 or (+613) 1300 784 990 Email: buseco-postgrad @monash. edu Contacts for international students International Recruitment Services Monash University 871 Dandenong Road Caulfield East 3145, Australia Telephone: +61 3 9627 4852 Email: study @monash. edu . Business and Economics Monash MBA www .mba .monash. edu.au Australia ■ China ■ India ■ Italy ■ Malaysia ■ South Africa 2 Top ranking MBA offered. environment of business MBA5 510 Critical thinking for problem solving MBA5 530 Business insights from data analysis MBA9 007 Business economics MBA9 003 Creating