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Executive Management 5 (BUSA90509)
Graduate courseworkPoints: 25On Campus (Parkville)
Overview
Availability | Summer Term |
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This subject contains four components, as described below.
Finance II:
This component builds on the Finance I component in the subject, Executive Management 1, and is designed to provide students with advanced knowledge of financial management. This knowledge provides the basis for funding a firm’s investments and using its resources efficiently. The topics covered include:
- Risk management
- Real options
- Capital investments in foreign markets
- Determinants of capital structure
- Corporate payout policy
Business Strategy:
Business Strategy has a number of primary aims:
- to provide the students with an understanding of the primary roles and responsibilities of a general manager in formulating business strategies, and in building and sustaining competitive advantage;
- to provide students with an appreciation of the fundamental issues involved in integrating and coordinating the activities of different functional areas, such as marketing, operations, management, accounting, human resource management and finance;
- to introduce the frameworks and tools commonly used in developing and assessing business strategies; and to develop the decision-making skills of the students from the perspective of top management
Operations:
In competitive global and dynamic environments, companies face increasing pressures to exceed customer expectations along multiple performance measures, such as cost, quality, flexibility and innovativeness. To outperform their competitors, firms need to build a sustainable competitive advantage around these capabilities. The focus of the component is to highlight how firms should design, manage and continually improve their business and operational processes to better manage the mismatch between supply and demand. It aims at providing the core concepts in operations that are essential for appreciating how operational capabilities can help organisations achieve sustainable competitive advantage. This component provides a logical and rigorous approach to plan and control process structure and managerial levers to achieve desired business process performance.
Seminar V:
This Executive MBA Seminar Series complements the mainstream components of the module, and is dedicated to contemporary issues and global best practice development in the Finance II, Market Access Strategy and Managing Human Capital fields.
Intended learning outcomes
Finance II:
On completion of this component students should:
- Be able to identify the risks arising from a firm's operating, investing, and financing activities and
- understand the techniques for managing those risks
- Understand the role of real options in capital budgeting decisions
- Understand how to incorporate sovereign risk into capital budgeting decisions
- Be able to calculate cost of capital for complex situations
- Understand factors that affect a firm's capital structure
Business Strategy:
On completion of this component students should:
- understand the basic concepts of business strategy, and in particular the notion of competitive advantage and the more commonly occurring types of competitive advantage;
- know how to use financial and accounting data to understand the performance of a firm;
- know how to analyse the external environment, including industry structure, to assist in formulating and assessing strategies;
- know how to analyse a firm's value creation processes, and determine whether they represent a potential competitive advantage;
- be able to integrate the content to develop and assess strategy alternatives available to senior management.
Operations:
On completion of this component students should:
- Understand core fundamentals of process analysis
- Recognise taxonomy of process types
- Understand the link between operations and finance
- Understand variability and its adverse effect on process performance and ways of mitigating its negative effect
- Understand the role of inventories in organisations and managerial levers for controlling the investments in inventories
- Have developed skills in quality management, statistical process control techniques and fundamentals behind six sigma initiatives
- Be able to demonstrate knowledge of lean production and core principles governing Toyota production system
- Recognise the importance of collaboration and cooperation in supply chain management
Seminar V:
On completion of this component students will be able to:
- Recognise and apply global best practice models
- Understand and discuss contemporary and advanced issues in the field
Last updated: 11 January 2025