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General Management 1 (BUSA90482)
Graduate courseworkPoints: 37.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
August
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | August |
---|---|
Fees | Look up fees |
Data Analysis:
Contemporary business is awash in data. Modern business processes and activities usually involve multiple streams of data from areas as diverse as marketing activities, operational processes and financial activities. Therefore, managers are frequently confronted with how to harness these to understand their business better, so that they can make more informed decisions. This subject provides the fundamental quantitative skills necessary for an MBA student to extract information from data, through quantitative analysis, to make better managerial decisions. Students will be familiarized with the tools of quantitative analysis, develop the necessary skills for analytical thinking and a quantitative mind set in measuring performance. The fundamental quantitative skills from this subject provide a foundation to the advanced subjects within the MBA and provide students an analytical framework towards solving managerial problems later in their career.
Financial Reporting and Analysis:
Accounting is the “language of business", and accounting information is the basis for performance measurement, business contracting, and most operating, investing, and financing decisions that managers make. Financial accounting information affects how individuals outside a company perceive that company, and by extension, the resources available to the company to accomplish its objectives.An understanding of and the ability to use financial accounting information will be essential to your success as a professional manager.
This subject is designed to provide students with foundation knowledge about external financial reporting by for-profit entities. This foundation knowledge not only provides the basis for correctly interpreting and using accounting information provided internally to managers for managerial decision making, but also provides the basis for using financial statements for more externally-focused judgments and decisions (e.g., assessing a firm’s intrinsic value or to assess a firm’s strengths and weaknesses relative to competitors).
Economics for Managers:
Managerial economics is designed to provide you with the tools of economic reasoning for developing and evaluating strategic business options and to make better choices. To this end we discuss and develop the fundamental economic concepts and analytical skills required in managerial and strategic decision-making. Applications lie in bargaining, price setting, the analysis of different market environments, and the analysis of situations with asymmetric information. Many subjects—and in particular business strategy, finance, marketing, and negotiations—build upon the material learned in Managerial Economics.
People Management:
This subject aims to provide students with analytical skills and tools to identify, diagnose and solve people- related challenges in organisations. The subject focuses on examining different theoretical perspectives and concepts underlying individual, group and organisational behaviour and teaching students how to apply these concepts in a practical manner to improve performance.
Personal Effectiveness 1:
The “Personal Effectiveness Program” (PEP) runs across the three core modules and is designed to help students develop the skills and knowledge required to effectively manage the early stages of their career. PEP identifies specific needs of each individual student and then provides ongoing support, training, and opportunities to practice and perfect these skills. PEP focuses on three core areas.
- Communication skills: These skills include effective presentations, verbal communication, written communication, and public speaking
- Career development skills: These skills include case practice, interview skills, CV writing, networking, and business etiquette
- Team skills: These skills include managing conflict, cultural awareness, giving and receiving feedback, and resilience.
Entrepreneurial Mindset 1:
The “Entrepreneurial Mindset Program” (EMP) runs across the three core modules and is designed to help students develop an entrepreneurial mindset. EMP helps students develop the knowledge, skills, and attributes to identify and evaluate value creation opportunities, view obstacles, problems, and failure as opportunities, modify opportunities to make them viable, and sell ideas to others.
Intended learning outcomes
Data Analysis:
On completion of this subject, students should be able to:
- Apply the principles of statistical variation when considering statistics from data
- Apply quantitative methods in management decision making processes
- Possess an analytical mindset in solving business problems
- Apply regression modeling techniques to gain a better understanding of the complex relationships between business variables
- Possess solid computational skills in Excel
Financial Reporting and Analysis:
On completion of this subject, students should be able to:
- Appreciate the measurement and recognition difficulties inherent in financial reporting, as well as the role of judgment in the preparation of financial statements.
- Discuss fundamental accounting concepts and issues using everyday language.
- Explain in your own words the purpose and content of the balance sheet, income statement, comprehensive income statement, shareholder equity statement, and statement of cash flows, as well as how these five financial statements fit together and how they relate to the company's financing, investing and operating activities.
- Read, accurately interpret, and discuss financial statements and selected notes.
- Perform basic analysis of a company's profitability and provide a reasoned basis for the conclusions drawn from the analysis.
Economics for Managers:
On completion of this subject, students should be able to:
- Correctly identify and evaluate different cost categories as drivers for managerial decision-making
- Apply fundamental economic analytical skills to managerial decision for solving business problems
- Accurately predict firm behaviours and market outcomes for different market environments such as those characterized by bargaining between agents, oligopoly structures, and commodity markets
- Effectively design strategies involving product differentiation and price customization for segmented consumer markets
- Apply fundamental insights from game theory to business situations
- Predict market dynamics in competitive markets and in markets with entry barriers
People Management:
On completion of this subject, students should:
- Be skilled in analysing, interpreting and offering solutions to people related problems and issues in organisations;
- Understand the link between management decision and individual, team and organisational performance outcomes
- Understand how culture and organizational design impact on organisational processes and performance
- Develop skills in identifying factors that contribute to team development and effectiveness;
- Understand what motivates people at work and the features of work settings that contribute employee-related outcomes
- Understand the importance of performance feedback as a means to enhance employee outcomes and the practices and behaviours needed for effective performance feedback
Personal Effectiveness 1:
On completion of this subject, students should:
- Appreciate the importance of communication, career development, and team skills in career success.
- Have identified communication, career development, and team skills that need improvement.
- Be more comfortable receiving feedback.
- Be able to create an effective CV.
- Have improved their business etiquette.
- Be more comfortable making public presentations.
Entrepreneurial Mindset 1:
On completion of this subject, students should:
- Identify potential business opportunities
- Evaluate the viability of potential business opportunities
- Identify ways to modify business opportunities to increase their viability
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Data Analysis: 6 x individual assignment
| Throughout the teaching period | 10% |
Data Analysis: Syndicate assignment
| Week 6 | 30% |
Data Analysis: Final exam
| End of the teaching period | 60% |
Financial Reporting and Analysis: Contribution to class learning | Throughout the teaching period | 10% |
Financial Reporting and Analysis: 6 x Quizzes
| Throughout the teaching period | 20% |
Financial Reporting and Analysis: 5 x Syndicate assignments
| Throughout the teaching period | 20% |
Financial Reporting and Analysis: Final examination
| End of the teaching period | 50% |
Economics for Managers: Contribution to class learning | Throughout the teaching period | 10% |
Economics for Managers: 5 x quizzes
| Throughout the teaching period | 30% |
Economics for Managers: Final exam
| End of the teaching period | 60% |
People Management: Class preparation and discussion
| Throughout the teaching period | 30% |
People Management: Syndicate Assignment, Week 5 or 6
| From Week 5 to Week 6 | 20% |
People Management: Syndicate presentation, Week 5 or 6
| From Week 5 to Week 6 | 15% |
People Management: Final exam
| End of the teaching period | 35% |
Personal Effectiveness 1: Contribution to class learning (attendance at skills workshops, peer and instructor evaluation of contribution to class learning) | Throughout the teaching period | 10% |
Personal Effectiveness 1: Syndicate presentation; Staggered throughout subject
| Throughout the teaching period | 40% |
Personal Effectiveness 1: Individual assignment
| End of the teaching period | 50% |
Entrepreneurial Mindset 1: Contribution to class learning (attendance at skills workshops, peer and instructor evaluation of contribution to class learning) | Throughout the teaching period | 10% |
Entrepreneurial Mindset 1: Syndicate presentation; Staggered throughout subject
| Throughout the teaching period | 40% |
Entrepreneurial Mindset 1: Individual assignment
| End of the teaching period | 50% |
Last updated: 3 November 2022
Dates & times
- August
Mode of delivery On Campus (Parkville) Contact hours 128 hours Teaching period 10 August 2020 to 25 September 2020 Last self-enrol date 19 August 2020 Census date 21 August 2020 Last date to withdraw without fail 11 September 2020 Assessment period ends 1 October 2020 August contact information
Additional delivery details
This subject is only available to students admitted to MC-BA, or students with permission of the MBA course coordinator
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Subject notes
This subject is only available to students admitted to MC-BA, or students with permission of the MBA course coordinator
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Business Administration/Master of Marketing Course Master of Business Administration
Last updated: 3 November 2022