ESML0141: Business language option 1A
Semester 2
Credits: 5
Level: Level 2
Assessment: CW100
Requisites:
Aims & Learning Objectives: A course to revive, develop
and consolidate foreign language skills in order to enable students
to operate effectively in the sphere of business and management
Content: Semester 1: Intensive language work with emphasis
on aural comprehension and oral communication. Teaching methods
integrate a variety of forms of language learning through the
exploitation of foreign language television broadcasts, audio-visual
materials and a business language course text. This part of the
course concentrates mainly on the practical language necessary
for doing business, but also includes work on more theoretical
themes such as the various types of company job application and
interview practice. Overall fluency and grammatical accuracy are
practised throughout the course.
ESML0142: Business language option 1B
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre ESML0141
Aims & Learning Objectives: A course to revive, develop
and consolidate foreign language skills in order to enable students
to operate effectively in the sphere of business and management
Content: Semester 2: Further development of linguistic
proficiency using the same methods as in Semester 1. The second
part of the course is concerned with more real world material
such as economics magazines and TV news items, on which the study
of many aspects of the foreign business environment will be based.
Continued emphasis on overall fluency and grammatical accuracy.
ESML0143: Business language option 2
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre ESML0142
Aims & Learning Objectives: A course to upgrade, review
and refine language skills already acquired during Years 2 and
3 in order that students may operate confidently and effectively
in the sphere of foreign business and management.
Content: Target language is used throughout the course,
emphasising fluency and grammatical accuracy. Topics reviewed
include communications, marketing, sales and finance, as well
as other relevant and/or topical aspects of the foreign business
environment.
MANG0001: Behaviour in organisations 1
Semester 1
Credits: 5
Level: Level 1
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: To provide the conceptual
and theoretical tools for enhancing the students' understanding
of behaviour in organizations. Students will acquire the skills
of analysing their own experiences in organizations and learning
from these experiences. The course will promote an inquiring and
critical attitude towards the human side of organizations and
management.
Content: Learning theories and organizational learning.
Organizing and chaos. Formal and informal organizational structures.
Bureaucracy. Technology and automation, information technology.
Organizational culture and symbolism, socialization, meaning-creation.
Leadership and management in organizations, leadership styles.
Management functions. Group processes and group behaviour. Organizational
environments and wider cultural influences on organizations.
MANG0002: Firm & the environment 1
Semester 1
Credits: 5
Level: Level 1
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: To provide a framework
within which students can appreciate the inter-relationships and
interdependencies of core management disciplines. To explore the
relationships between corporate decision making and the economic,
political and legal environment. To introduce students to the
fundamental legal concepts which affect businesses and the ways
in which they function.. To investigate aspects of the European
political and economic environment within which companies operate.
Content: International competitiveness and industrial structure.
Competitiveness, firm size and structure. the transport infrastructure
and logistics management. Firm strategy and public and environmental
policy. The European Single market and European firms. eastern
Europe and the European firm. market penetration strategies and
Europe.
The legal aspects of the course will introduce concepts of different
areas of law and the different types of action which may be brought.
In the area of property and contracts, the formation of contracts,
their validity, contents and enforceability will be examined.
Performance of a contract and ways of resolving disputes are considered.
MANG0003: Introduction to research & investigation
Semester 1
Credits: 5
Level: Level 1
Assessment: EX100
Requisites:
Aims & Learning Objectives: To introduce the student
to the methods and practice of research (broadly defined).
Content: Collection and presentation of data; descriptive
statistics; designing judgmental strategies; multiattribute assessment;
analysis of qualitative data; analysing and presenting data in
a spreadsheet.
MANG0004: Personal computing
Semester 1
Credits: 5
Level: Level 1
Assessment: CW50 OT50
Requisites:
Aims & Learning Objectives: In the past few years,
personal computers have diffused rapidly and have had significant
impact upon both teaching and learning in higher education. This
module aims to acquaint students with the opportunities offered
by personal computing as a support tool for their learning and
development in relation to their academic studies and work placements.
Content: The course is essentially practical in orientation
and is based around a series of practical classes and workshops.
The case studies and exercises used will develop competencies
in:
preparing reports,
retrieving and analysing data,
making presentations
and communicating electronically.
MANG0005: Behaviour in organisations 2
Semester 2
Credits: 5
Level: Level 1
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: To provide further conceptual
and theoretical tools for enhancing the students' understanding
of behaviour in organizations. Students will develop further the
skills of analysing their own experiences in organizations and
learning from these experiences.
Content: Conflict and organizational politics. Emotion
and emotional work. Sexuality and sexual harassment at the workplace.
Stress at work. Problem construction and solving. An introduction
to business ethics. Women at the workplace. Work and leisure;
careers and life stages. Identity. Theories of mental personality.
Psychoanalytic and other approaches to personality and personality
development.
MANG0006: Business economics
Semester 2
Credits: 5
Level: Level 1
Assessment: EX100
Requisites:
Aims & Learning Objectives: The course aims to develop
students' understanding of the operation of markets, especially
product markets, in theory and practice, and knowledge of the
economic determinants of firms' competitive behaviour and performance
within them. After taking this course, students will be able to
understand the main features of competitive structure, firm behaviour
and industrial performance and the inter-relationship between
them, and apply this knowledge to investigate competitive conditions
and behaviour in actual markets.
Content: The market structure-conduct-performance model;
market demand, the characteristics of goods and market segmentation;
supply and changing cost conditions; industrial concentration,
barriers to entry and exit and other aspects of structure; price
behaviour under conditions of competition and cooperation; the
determinants of performance and import of government competition
policy.
MANG0007: Firm & the environment 2
Semester 2
Credits: 5
Level: Level 1
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: To provide an opportunity
to apply a framework within which students can appreciate the
inter-relationships and interdependencies of core management disciplines.
To explore the relationships between corporate decision making
and the economic, political and legal environment. To extend students'
knowledge of the fundamental legal concepts which affect businesses
and the ways in which they function.. To continue the investigation
of aspects of the European political and economic environment
within which companies operate.
Content: Eastern Europe and the European firm. Market penetration
strategies and Europe.
The study of the legal aspects of the course will continue with
the examination of the area of tort law, with the main area of
importance in this course is the tort of negligence and allied
torts, but other relevant torts in the commercial field will be
explained.
MANG0008: Introduction to the financial management of the
organisation
Semester 2
Credits: 5
Level: Level 1
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: Students will understand
how accounting and financial management serves the purpose of
developing and operating a business. They will acquire a broad
knowledge of the different dimensions of financial management
and accounting which they may study in depth in later years of
the course and an introductory working knowledge of basic tools
of financial analysis and practice.
Content: (a) Financial planning and control
The financial dimension of businesses and other organisations
Investing in assets to yield a return - including the use of spreadsheets
to calculate investment value and conduct sensitivity tests.
Financing asset acquisition and an introduction to the cost of
capital
Estimating costs for planned activities : fixed and variable costs;
direct and indirect costs; basic elements of product cost
Preparation of cash budgets - including spreadsheet modelling
and sensitivity tests
Annual budgeting, profit planning, liquidity control and longer
term financial projections,
Preparation of budgets and projected Profit and Loss Accounts
and Balance Sheets
Controlling operations and cost control
(b) Reporting results in financial terms
Reporting performance and financial results to higher levels in
the organisation: cost centre reports, profit centre reports,
investment centre reports
Reporting the results to shareholders and other outside parties:
preparation of final accounts, structure and interpretation of
final accounts, underlying concepts (going concern, prudence,
materiality, etc.)
Measures of performance in the financial press: share prices,
earnings per share, p/e ratios, assessing the quality of earnings
announcements, etc.
Outline of the role of company law, the accounting profession
and Accounting Standards in controlling the content of published
information
Outline of complications created by going international / global
for investment analysis, financing the business, financial control
and financial reporting.
MANG0009: Company finance
Semester 2
Credits: 5
Level: Level 2
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: Students will develop a
knowledge of the different forms of finance that a company may
use, how to compare their costs, and consider issues such a desirable
capital structure, dividend policy, working capital management
and approaches to acquisitions and mergers.
Content: General principles of valuation for businesses
and securities
Source of finance and their costs
Managing working capital and liquidity
The corporate group cost of capital (WACC and the dividend growth,
CAPM, and Arbitrage pricing models)
The required rates of return for non-quoted companies, corporate
divisions and individual projects
The theory of capital structure and its relation to the cost of
capital
Dividend policy
Short, intermediate and long term financing
Mergers, acquisitions and corporate growth
MANG0010: Company law
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: To equip students with
a fundamental knowledge of the ways in which business enterprises
function both internally and the impact on outsiders. Students
will be able to consider the relevant factors in forming and operating
different types of business. They will be able to read and understand
company documents and identify their implications for directors,
officers, shareholders and creditors..
Content: The concept of agency in the context of commercial
enterprises. Formation and functioning of businesses (partnerships
and companies); liability of the business, directors or partners,
and officers, internally and towards outsiders as well as the
rights of owners of a business in different circumstances. Different
regimes and rules governing operation; winding-up and insolvency,
and the principles involved in controls on mergers and take-overs.
The non-statutory controls imposed by the Stock Exchange and other
bodies in a number of areas including in the area of insider dealing.
MANG0011: Cultures, work & society
Semester 2
Credits: 5
Level: Level 2
Assessment: EX80 ES20
Requisites:
Aims & Learning Objectives: To examine the social nature
and contexts of behaviour in organisations. Drawing on personal
experience and historical and comparative material, students will
develop a knowledge and understanding of key areas of debate in
human behaviour (eg nature-nurture; global-local; consensus-compliance;
structure-agency)
Content: Different overlapping and changing levels of culture
are examined. Topics from: socialisation; work values; occupational
choice; gender; occupation; corporate culture; national culture;
globalisation; late-modernity.
MANG0012: Economics of strategy 1
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: This course continues the
economic analysis of the firm and its environment begun in Business
Economics . It focuses on the goals of the firm and the achievement
of these through the creation of competitive advantage. In particular,
it develops realistic and operationally significant theories of
the firm and examines the determinants and effects of different
aspects of price and non-price competition on firm performance.
This course should enable the student to analyse interrelationships
between these aspects of firms' tactical and strategic decisions,
the characteristics of the competitive environment and firm performance
with reference to empirical evidence, including particular cases.
Content: Firm motivation, an analysis of corporate objectives
and the market for corporate control. The process of decision
making, goal formation, consensus and coalition. Dealing with
organizational bureaucracy: the economist's perspective. Pricing
decisions and entry deterrence. Non-price competition, the segmentation
of markets and competitive positioning. Advertising, product differentiation,
product proliferation, industry standards and non-price entry
deterrence.
MANG0013: Employee relations 1
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: The course has three aims:
to give a broad overview of the major features of industrial relations
in the UK; to explore the practical aspects of managing relations
with employees in unionised and non-unionised organisations and
to place industrial relations in its wider legal, economic, and
political environments. Particular attention is paid employee
relations in the workplace.
Content: Employment Relationship: some concepts; perspectives
on employee relations; changes in the management of the employment
relationship; introduction to methods of resolving conflict; formal
and informal bargaining in the workplace; employee participation
and involvement; managers, supervisors and team leaders; employee
representatives.
MANG0014: IT & its business context
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 PR25 OT15
Requisites:
Aims & Learning Objectives: Course aims and learning
objectives
In the last few years, the role of computers in business has changed
radically:
1. Computers must now be seen in the context of Information Technology
(IT) which, as well as computers, includes software, telecommunications,
robotics and smart products.
2. Computing is decentralised. Computing power sits on managers
desks in the form of personal computers, rather than hidden away
and inaccessible in the IT department.
3. IT is a strategic resource with the potential to affect competitive
advantage. IT now does more than provide operational systems;
it can transform industries and products; it can be a key element
in determining the success or failure of an organization.
4. As a strategic resource, IT is no longer solely the concern
of specialist computer departments. Managing IT well is a core
competence for modern organisations and is therefore an important
part of the task of general and functional managers.
5. For the same reasons, organisations have created new roles
for managers who can act as interfaces between IT and the business.
These managers combine a general technical competence with knowledge
of the business.
This course addresses the first three of these issues. It aims
to equip students with the basic IT skills and knowledge they
will need for careers as general or functional managers in an
information-based age.
Content: The course is divided into three parts which reflect
the first three changes in the role of computers which were described
above:
Part One has the aim of providing students with a basic technical
understanding of what IT is and has to offer. In particular it
describes the latest emerging information technologies and their
relevance to business. It includes an overview of hardware, desktop
software, communications and the Internet.
Part Two is concerned with software. It is based on case studies
which demonstrate the application of selected software to management
problems. It involves hands on work.
Part Three puts the technology in its business context, examining
why IT is strategic and how it can affect the competitive environment.
It is based on case discussions.
MANG0015: Market analysis
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 PR40
Requisites: Co MANG0016
Aims & Learning Objectives: To show how quantitative
and qualitative data collection and analyses help marketers to
understand the nature and scope of their target markets. Students
will be able plan and conduct their own market research programmes
after this course.
Content: This course is concerned with all aspects of obtaining
sound data for the purposes of market analysis. The course starts
by examining what support the marketing decision maker needs in
market analysis. This is followed by how effective research can
be planned and from this point a framework for forthcoming techniques
is set. Secondary data location and analysis is covered as is
qualitative research, but the main emphasis in techniques is towards
quantitative means to measure and analyse markets.
MANG0016: Marketing 1
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 CW40
Requisites: Co MANG0015
Aims & Learning Objectives: This module aims to:
Provide an introduction to the concepts, analyses and activities
that comprise marketing management.
To develop an understanding of the role and practice of marketing
as a management function and organisational philosophy.
To provide practice in assessing and solving marketing problems
- reflecting the belief that the most effective learning comes
from making marketing decisions.
To lay the foundations for students wishing to take more specialised
courses in marketing.
Content: People often define marketing as advertising -
a highly visible activity by which organisations try to "persuade"
customers to purchase their products and services. Marketing is
more than simply promotion. It involves identifying customer needs
and wants and satisfying these needs with the right product, at
the right price, available through the right distribution channels
and promoted in ways that motivate and maximise purchases. These
activities, together with an understanding of the firms external
environment compose the principle activities of marketing management,
and hence the subject of this module.
MANG0017: Operations management
Semester 1
Credits: 5
Level: Level 2
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: This course focuses on
the processes involved in efficiently and effectively transforming
inputs (i.e. labour, capital, materials, etc.) into useful outputs
(i.e. goods and services) and how superior operations performance
can be a contributor to corporate success. The course places approximately
equal emphasis on service and manufacturing operations. Using
material from a variety of industries and situations, the operational
and strategic issues in managing the transformation process are
explored. Topics covered include: an understanding of transformation
processes and the inherent tradeoffs involved in process choice;
capacity and aggregate planning; job design and workforce management;
inventory management; quality management and control; supply chain
management; world-class manufacturing; the inter-relationships
between operations and other functional business areas as a means
of achieving competitive advantage.
At the conclusion of the course, the student will have a general
appreciation of the operational function and the critical decisions
in the area that can contribute to corporate success.
Content: Process analysis; capacity planning; inventory
management; production planning and control; quality management;
supply management.
MANG0017: Operations management
Semester 2
Credits: 5
Level: Level 2
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: This course focuses on
the processes involved in efficiently and effectively transforming
inputs (i.e. labour, capital, materials, etc.) into useful outputs
(i.e. goods and services) and how superior operations performance
can be a contributor to corporate success. The course places approximately
equal emphasis on service and manufacturing operations. Using
material from a variety of industries and situations, the operational
and strategic issues in managing the transformation process are
explored. Topics covered include: an understanding of transformation
processes and the inherent tradeoffs involved in process choice;
capacity and aggregate planning; job design and workforce management;
inventory management; quality management and control; supply chain
management; world-class
manufacturing; the inter-relationships between operations and
other functional business areas as a means of achieving competitive
advantage.
At the conclusion of the course, the student will have a general
appreciation of the operational function and the critical decisions
in the area that can contribute to corporate success.
Content: Process analysis; capacity planning; inventory
management; production planning and control; quality management;
supply management.
MANG0018: Processing, reporting & auditing financial information
Semester 2
Credits: 5
Level: Level 2
Assessment: EX50 ES50
Requisites:
Aims & Learning Objectives: Students will gain a thorough
grounding in processing financial data and preparing final accounts
and a general understanding of what is involved in the audit of
those accounts. This is an essential course for those contemplating
a possible career in some dimension of accountancy.
Content: The nature of financial data, purposes of financial
information systems - manual and computerised systems
Single and double entry recording systems and basic ledgers kept
by businesses
The accruals principle applied to the treatment of various types
of costs, revenues, assets and liabilities
The depreciation concept
Trial balancing
Preparation of Manufacturing Accounts, Profit and Loss Accounts,
Balance Sheets, Funds and Cash Flow Statements
Direct experience of using an established financial accounting
package including inputting data, types of outputs available and
the production of accounting statements
Basic distinctions between the accounts of sole traders, partnerships
and companies
Preparation of final accounts from incomplete records
Introduction to published accounts
The purpose and basis of the audit process; the audit trail and
types of audit evidence
Developing audit evidence; consideration of the concepts of materiality
and audit risk
Evaluation of internal controls
MANG0019: Product costing & cost analysis
Semester 2
Credits: 5
Level: Level 2
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: Students will gain a thorough
understanding and practical experience in constructing cost accounting
statements and interpreting them. This is a fundamental course
for anyone wishing to understand how costs are constructed for
decision purposes
Content: Review of the nature of product costs and process
costs
Costing terminology and identifying cost behaviour
Historical based cost accounting systems for Job and Process costing
(FIFO, LIFO and weighted average)
Job and process costing - establishing standard cost systems
Absorption and variable costing systems (including differential
income effects)
Overhead allocation including activity based allocations
Costing for joint products, by-products, wastage, rework and scrap
Cost-volume-profit analysis and relevant costs for decision purposes
Relevant costs where resources are constrained: single and multiple
constraints and mathematical programming solutions by graph and
computer package
Stock control models and the influence of JIT in supply and manufacturing
Costing for JIT systems
Costing for service industries
Costing for major projects and project financial control
MANG0021: Action project
Semester 1
Credits: 5
Level: Level 2
Assessment: CW80 OR20
Requisites:
Aims & Learning Objectives: The overall aim of the
Action Project is to create the opportunity for students to tackle
a practical problem in a business or organisation and to begin
to apply some of the concepts, techniques and skills acquired
during the taught programme.
Content: Briefing on the Action Project aims; group formation;
identification of suitable project; conduct of project; writing
up findings and reporting back to peer group and group co-ordinator.
MANG0021: Action project
Semester 2
Credits: 5
Level: Level 2
Assessment: CW80 OR20
Requisites:
Aims & Learning Objectives: The overall aim of the
Action Project is to create the opportunity for students to tackle
a practical problem in a business or organisation and to begin
to apply some of the concepts, techniques and skills acquired
during the taught programme.
Content: Briefing on the Action Project aims; group formation;
identification of suitable project; conduct of project; writing
up findings and reporting back to peer group and group co-ordinator.
MANG0022: Portfolio project
Semester 1
Credits: 5
Level: Level 2
Assessment: CW80 OR20
Requisites:
Aims & Learning Objectives: The overall aim of the
Portfolio Project is to create the opportunity for students to
research a management of business issue which is of interest to
them. In particular it provides an extended opportunity to apply
the concepts, techniques and skills dealt with during the unit
Introduction to Research and Investigation.
Content: Briefing on the Portfolio Project aims; group
formation; identification of suitable project; conduct of project;
writing up findings and reporting back to peer group and group
co-ordinator.
MANG0022: Portfolio project
Semester 2
Credits: 5
Level: Level 2
Assessment: CW80 OR20
Requisites:
Aims & Learning Objectives: The overall aim of the
Portfolio Project is to create the opportunity for students to
research a management of business issue which is of interest to
them. In particular it provides an extended opportunity to apply
the concepts, techniques and skills dealt with during the unit
Introduction to Research and Investigation.
Content: Briefing on the Portfolio Project aims; group
formation; identification of suitable project; conduct of project;
writing up findings and reporting back to peer group and group
co-ordinator.
MANG0023: Business forecasting
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: Almost all organisations
use forecasts as necessary ingredients for decision making. The
main objective of this course is to introduce students to the
various forecasting techniques most commonly used in a business
context and methods by which these techniques can be evaluated.
Content: The primary focus is on univariate (time series)
forecasting methods but the course will also deal with causal
modelling and diffusion models for technological forecasting.
MANG0024: Commercial contracts
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: This course sets out to
equip students to understand the realities of commercial contracts,
and to be aware of the consequences of their terms. Students will
be able to see, from genuine commercial standard contracts used,
what the parties have undertaken to do, where there are any weaknesses
in the agreement, how performance will be monitored, and what
the implications will be on other ancillary contractual relationships.
Other areas involve competition law, arbitration and intellectual
property rules and practice.
Content: Standard commercial contracts are examined to
identify common standard terms and their relevance within each
contracting party's business and outside it.
The network of connecting contracts: associated contracts; independent
contractors; banking, insurance, carriage; agency. Outside factors:
competition law; intellectual property; arbitration and mediation.
MANG0025: Company accounts & reports
Semester 1
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites: Pre MANG0018
Aims & Learning Objectives: This course will build
upon financial accounting elements of previous courses to provide
a knowledge of the special requirements for financial accounting
for companies. The course will have a heavy emphasis on legal
aspects of company reporting.
Content: Forms of business organisation and types of companies
Liabilities and responsibilities of directors, company secretaries,
auditors and rules about insolvent trading
The influence of law and standards on accounts. The concept of
a true and fair view.
The financial and legal distinction between loan and share capital
The issue and redemption of shares and debentures
Share capital and reserves: Capital and revenue reserves including
the share premium account, capital redemption reserve, retained
profits and payment of dividends.
The form and content of published Profit and Loss Accounts , Balance
Sheets and Cash Flow Statements
Introduction to Group Accounts
Treatment of taxation in published accounts: corporation tax,
taxation of dividends, overseas tax and VAT accounts.
Statute law, case law and their impact upon auditing
MANG0026: Economic analysis of financial decisions
Semester 1
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites:
Aims & Learning Objectives: The course aims to demonstrate
the close links between economic analysis on the one hand and
management accounting and financial management on the other. It
explores the use of optimisation approaches and considers , in
depth, problems faced in investment decision-making. The course
will include some computer based analysis of cost functions and
investment modelling
Content: The relationship of accounting cost concepts to
those in economics (e.g. by-product analysis and marginal costs)
Short-run and long-run cost functions and their relevance to choice
of accounting models
Cost behaviour analysis and the analysis of cost functions through
regression analysis
using appropriate software to generate scatter diagrams and graphical
presentations
Learning curves - theory and practice
Optimisation, Opportunity costs and constraints
Costs, prices, profits and different rates of return
Productivity concepts and measurement
The concept of economic value
Financial appraisal of investments, including analysis of different
appraisal techniques,
risk analysis, expected values, decision-trees and simulations
Different types of investment decisions
Making investment decisions where benefits are difficult to quantify
( e.g intangibles,
strategic investments, investments to retain options, investments
associated with
mergers and acquisitions)
Errors often made in investment appraisal
MANG0027: Economics of strategy 2
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites: Pre MANG0012
Aims & Learning Objectives: This course builds on Economics
of Strategy 1 to develop a fuller understanding of the economic
aspects of strategic decisions. Particular attention is given
to the analysis of strategic choices concerning the boundaries
of the firm - in terms of processes carried out, product scope
and the geographical area of operations. The introduction of new
products and processes through technical advance is examined as
is the network of relationships with other firms.
Content: Vertical integration and other types of relationships
with buyers and suppliers. Diversification and conglomerate firms.
Internal growth, acquisitions and mergers. Divestment and corporate
refocusing. New product and process introduction. Joint ventures
and strategic alliances. The internationalisation of business.
MANG0028: Emerging patterns of thought belief & action
Semester 1
Credits: 5
Level: Level 3
Assessment: ES50 CW50
Requisites:
Aims & Learning Objectives: To invite students to understand,
engage with and evaluate sources which suggest that the dominant
paradigm or world view of Western civilisation is undergoing a
major transformation, with associated changes in social values
and practices.
Content: A series of focused explorations looking at: notions
of paradigms and change; the Gaia hypothesis; ecological thinking;
economics and new economics; systems thinking; gender and diversity;
spirituality; the self; and other associated issues.
MANG0029: Employee relations 2
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: The course examines developments
in the management of the Employment Relationship in the UK and
makes comparisons with changes in other countries. Particular
attention is given to changes in the institutions of Employee
Relations.
Content: Key changes in the Management of the Employment
Relationship; Employers and Managers; Trade Unions; Industrial
Conflict; Role of the State in Employee Relations; Legal intervention.
MANG0030: Financial control & performance evaluation
Semester 1
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites:
Aims & Learning Objectives: Students will acquire a
understanding of how organisations use financial information to
evaluate managers, operatives and business segments
Content: Different types of budgets and their purposes
- feedback and feed-forward controls, flexible budgets,
engineered, committed and discretionary costs
Short-term and long-term budget construction - with computer simulations
Analysis of variances from budgets, variance analysis in standard
costing systems
Essential concepts in responsibility accounting (controllable
and non-controllable costs, etc. ) and performance evaluation
of managers and operational units
Behavioural issues in budgeting and control by variance analysis
Centralised and decentralised organisations and financial control
implications
Strengths and weaknesses of aggregated financial measures of performance
such as ROI and Residual Income and their impact on investment
decision- making
Shareholder Value Analysis for SBU / divisional performance goal
setting and appraisal.
Behavioural implications of divisional control and the internal
control function in large divisionalised organisations
Transfer pricing
Operative and manager bonus / incentive schemes
Development of balanced scorecards
MANG0031: Human resource management
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: The course aims to give
a broad overview of major features of human resource management.
It examines issues from the contrasting perspectives of management,
employees and public policy.
Content: Perspectives on managing human resources.
Human resource planning, recruitment and selection.
Performance, pay and rewards.
Control, discipline and dismissal.
MANG0032: IT & management
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 PR25 OT15
Requisites: Pre MANG0014
Aims & Learning Objectives: In the last few years,
the role of computers in business has changed radically:
1. Computers must now be seen in the context of Information Technology
(IT) which, as well as computers, includes software, telecommunications,
robotics and smart products.
2. IT is a strategic resource with the potential to affect competitive
advantage. IT can transform industries and products; it can be
a key element in determining the success or failure of an organization.
3. IT is no longer solely the concern of specialist computer departments.
Managing IT well is a core competence and an important part of
the task of general and functional managers.
4. Organisations have created new roles for managers to be interfaces
between IT and the business. They combine a general technical
competence with knowledge of the business.
This course addresses these issues and aims to equip students
with the IT-related management skills needed for careers as general
or functional managers in an information-based age.
Content: The course will develop skills and provide techniques
relating to the role of general and functional managers in the
management of IT. A business-oriented project will be used to
develop management skills such as: managing IT-induced transformation,
developing and aligning IT strategy, writing a business case,
managing a project, managing benefits, developing an implementation
plan and monitoring and auditing IT. The course will be based
on cases, lectures, videos, guest speakers and a site visit.
MANG0033: Management ideas & dilemmas
Semester 1
Credits: 5
Level: Level 3
Assessment: EX80 ES20
Requisites:
Aims & Learning Objectives: To examine the emergence,
popularity, application and dilemmas of central management ideas
in shaping employee behaviour. Using control as a central theme
of management, students will develop an understanding of the nature,
context and behavioural consequences of management practices and
be able to assess new ideas as they emerge.
Content: Subjects from: dimensions & dilemmas of control;
cooperation & conflict; technology; organisational structure
& 'fit'; culture; human nature and motivation; contexts of
adopting new ideas; management consultants.
MANG0034: Marketing 2
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre MANG0016
Aims & Learning Objectives: 1. To provide an understanding
of the practice of marketing management
2. To gain an insight into the job of a marketing manager, and
how marketing policy is implemented
3. To introduce students to a variety of issues facing marketing
today
Content: Marketing involves identifying and satisfying
customer needs and wants. It is concerned with providing appropriate
products, services, and sometimes ideas, at the right place and
price, and promoted in ways which are motivating to current and
future customers.. Marketing takes place in the context of the
market, and of competition.
The course is concerned with these activities, and includes:
product policy and new product development
advertising, selling, public relations and other forms of promotion
marketing channels, with particular reference to wholesaling and
retailing
MANG0035: Aspects of Japanese business
Semester 1
Credits: 5
Level: Level 3
Assessment: EX80 CW20
Requisites:
Aims & Learning Objectives: The aim of this course
is to critically examine and to provide an understanding of the
nature of Japanese business organization. After completing the
unit the student should be able to: identify the political, economic
and social forces underpinning the emergence of Japanese business
forms; understand the relationships between business, the state
and trade unions in contemporary Japan; describe the human resource
management practices characteristic of Japanese business; explain
the internationalization of Japanese business; assess the transferability
of Japanese business practice to alien environments.
Content: The political economy of Japan; Japan's institutional
environment; Japanese production systems; Organization and power
in Japanese organizations; Cross-national transfer of Japanese
production and management practices; Industrial relations in Japan
and Japanese subsidiaries in the West.
MANG0035: Aspects of Japanese business
Semester 2
Credits: 5
Level: Level 3
Assessment: EX80 CW20
Requisites:
Aims & Learning Objectives: The aim of this course
is to critically examine and to provide an understanding of the
nature of Japanese business organization. After completing the
unit the student should be able to: identify the political, economic
and social forces underpinning the emergence of Japanese business
forms; understand the relationships between business, the state
and trade unions in contemporary Japan; describe the human resource
management practices characteristic of Japanese business; explain
the internationalization of Japanese business; assess the transferability
of Japanese business practice to alien environments.
Content: The political economy of Japan; Japan's institutional
environment; Japanese production systems; Organization and power
in Japanese organizations; Cross-national transfer of Japanese
production and management practices; Industrial relations in Japan
and Japanese subsidiaries in the West.
MANG0036: Consumer research
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites: Pre MANG0016
Aims & Learning Objectives: To develop a critical evaluation
of the range of consumer research techniques. The student should
be able appreciate the value of consumer research in marketing
decision making, to be able to judge other person's research efforts,
and be able to plan their own research programmes.
Content: There is a strong emphasis on the rationales for
conducting consumer research, for qualitative and quantitative
methods and for particular techniques. There are no statistics
on this course though an appreciation of statistical methods would
be necessary to fully appreciate many of the themes developed.
There are set readings for each lecture session. Students are
expected to have prepared for each lecture by reading the set
article, preparing notes and developing issues to debate in class.
Each student will be expected to make a presentation and lead
a debate in class at least once throughout the course.
MANG0037: Cost management
Semester 1
Credits: 5
Level: Level 3
Assessment: EX50 CW50
Requisites:
Aims & Learning Objectives: To acquaint students with
topical issues in cost management and cost reduction and provide
practical insights. The course will be heavily based upon analyses
of case studies which address these issues and develop students'
abilities to critique the practical design of cost management
and management accounting systems. This course links cost management
directly to central strategic issues in managing the organisation.
Content: Issues will be selected each year depending upon
current issues of concern, but the following selection illustrates
the nature of the material addressed:
A review of activity based costing: where it has and has not strategic
significance
The role accounting can play in quality control and removing waste
Implications of changing technology (e.g. flexible manufacturing)
and changing organisational forms (e.g inter-organisational supply
chain relationships and other organisational networking) for cost
accounting and management
Target costing and kaizen costing and its relationship to strategic
analysis
The theory of constraints and continual improvement: implications
for accounting
The nature of strategic management accounting
Whether there is a given best cost management system or whether
there are appropriate contexts for the different recent developments
Implementation problems in introducing new cost management systems
MANG0038: Depth psychology of organisations
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: To introduce the concepts
and theories of depth psychology and develop the students' understanding
of organizational processes by using these concepts and theories.
Content: Core concepts and theories of depth psychology:
desire, repression and the unconscious, narcissism, symbolism
and sublimation. Mental personality. Interpretation and the use
of psychoanalytic interpretations on cultural phenomena. The analysis
of jokes, stories and myths. Leaders and followers, the personality
of leaders and transference. Organizational and individual pathologies,
authoritarianism and organizational decay. Gender construction
in organizations.
MANG0039: Employment law
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 OT40
Requisites:
Aims & Learning Objectives: This unit is designed to
give students a comprehensive and realistic insight into the legal
framework of the employer/employee relationship and its impact
on the parties directly involved in the wider social context.
Content: Legal framework; principles of contract law; implied
terms and duties in the contract of employment; safety at work;
discrimination; duties of ex-employees; termination of contract
of employment; redundancy; unfair dismissal.
MANG0040: European integration studies 1
Semester 1
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites:
Aims & Learning Objectives: To provide a basic grounding
in the theory, politics and economics of European integration.
Students will complete the course with a sound knowledge of European
Union institutions and key economic policies.
Content: Subjects covered will be: integration theory;
EU political institutions, their legitimacy and their accountability;
the EU decision-making process; EC finances and funds; the single
market and Europe's lost competitiveness; competition policy;
the EU, world trade and developing countries; regional policy;
economic and monetary union; the enlargement of the EU, the EEA
and Central and Eastern Europe.
Lectures will be supplemented by case study discussions, tutorial
sessions and a revision workshop.
MANG0041: Financial reporting & accounting standards
Semester 1
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites: Pre MANG0025
Aims & Learning Objectives: To introduce and discuss
topical issues in corporate financial reporting and to ensure
that students understand a number of key accounting standards,
the reasons they were adopted in favour of possible alternative
treatments and their implications for reporting and auditing practice.
Content: The nature of standards and the standard setting
process. Substance over form - FRS 4 and 5. The measurement of
profit and capital maintenance: historical cost, current cost
accounting and their relationship to economic profit. FRS3. Accounting
for corporate groups - mergers and acquisitions, balance sheets
and profit and loss accounts FRS2, 6 and 7. Goodwill and intangible
assets SSAP22 plus current debate. Special problems: a selection
from research and development (SSAP13), deferred tax (SSAP15),
investment properties (SSAP19), leases and hire purchase (SSAP21),
pensions (SSAP24), foreign currency (SSAP20).
Note: The Accounting Standards mentioned are those currently applied
at the time this syllabus was prepared. The course will keep up-to-date
and address any subsequent standards issued on these topics.
MANG0042: Managing conflict
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: The course examines the
sources, characteristics and possible methods of managing conflict.
Although the main focus will be on conflict within the employment
relationship other arenas will also be examined. Particular attention
will be given to negotiating and bargaining processes and conflict
resolution processes involving third parties.
Content: How and why does conflict emerge? Its forms, features
and dynamics.
Negotiating and Bargaining: concepts and models
Preparing for Negotiations: practical issues
Negotiating in practice: skills and techniques
Models of practice: analysis and re-evaluation
Negotiating in action: a practical case
Third Party Intervention: background and issues
Role of ACAS: institutions and practices
Third Party intervention in practice: skills and techniques
Third Parties: problems and issues
MANG0043: Operational research
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: The objective of this course
is to provide an understanding and appreciation of how quantitative,
analytical models can both inform managers and assist decision-making.
The emphasis is on the practical application of a variety of model-building
techniques.
Content: Approximately half of the course is devoted to
models for optimal resource allocation e.g. linear programming,
goal programming, integer programming and dynamic programming.
The other half deals with decision analysis, queuing models and
computer simulation.
MANG0044: Organisational change & design
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: To provide students with
a critical appreciation of the ideas of management gurus and how
these set and guide the practice of change. This popular view
is contrasted with more academic approaches and developed through
a consideration of the (re)design of organisational forms suitable
for an age that increasingly requires organizations to be global
and innovative.
Content: Topics will be drawn from the following;
Fashions and fads ;the history of ideas in change management
The role of business gurus in defining the practice of change
Orders and types of change ; 1st, 2nd and reframing
The politics of organizational change
Organizational design and contingency theory
Organizational forms for the future : innovative and global
MANG0045: Pay & rewards
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: The course will enable
the student to provide informed advice on the major aspects of
pay, rewards and performance management, based on a sound understanding
of the relevant theories and research evidence.
Content: The role of reward strategy in an organisation.
Economic, sociological and psychological theories which have influenced
pay policies and practices.
Concepts of reward structure, reward system and reward levels.
Different perceptions of fairness which influence employees' satisfaction
with their rewards.
Government pay policies. Top people's pay.
Objectives and limitations of job evaluation.
Performance-related pay in principle and in practice.
Knowledge-based, skill-based and competence-based rewards.
Pay discrimination and equal pay.
Employee benefits.
MANG0046: Product policy
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre MANG0034
Aims & Learning Objectives: Decisions about the product
offering are central to a firm's marketing activities and ultimately
its long term survival and economic prosperity. This course is
concerned with theories, concepts and statistical techniques which
can be used to analyse product policies. It starts by exploring
subjects which relate to the various stages in the new product
development (NPD) process and those which represent important
issues that have emerged from research on NPD. The unit also recognising
that NPD is an important managerial activity which interfaces
with organisational, and brand and portfolio management activities.
Case studies will explore and develop issues, including the application
of various analytical models and techniques. In addition, coursework
of a market research nature will involve the collection and analysis
of quantitative data for the purposes of new product development
decision-making. Themes include: the new product development process,
exploring the what constitutes a successful new product development
process, idea generating and screening decisions, concept testing
and conjoint modelling and pre-test and test market models; issues
in brand management including brand extensions as a launch strategy,
the challenges posed by the rise of retailers' own-label products
to manufacturers, portfolio management and the product deletion
decision.
Students should be able to:
1.Understand the importance and risks associated with the new
product development process.
2.Critically evaluate the strengths and weaknesses associated
with various empirical techniques used in the development of new
products.
3.Develop a critical understanding of the theory, concepts and
techniques of product policy.
MANG0047: Specialist IT management
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 OR40
Requisites: Pre MANG0014
Aims & Learning Objectives: In the last few years,
the role of computers in business has changed radically:
1. Computers must now be seen in the context of Information Technology
(IT) which, as well as computers, includes software, telecommunications,
robotics and smart products.
2. IT is a strategic resource with the potential to affect competitive
advantage. IT can transform industries and products; it can be
a key element in determining the success or failure of an organization.
3. IT is no longer solely the concern of specialist computer departments.
Managing IT well is a core competence and an important part of
the task of general and functional managers.
4. Organisations have created new roles for managers to be interfaces
between IT and the business. They combine a general technical
competence with knowledge of the business.
This course addresses these issues, particularly the last and
aims to equip students with the IT-related management skills and
knowledge needed for careers as general managers with a specialist
information role.
Content: The course will develop advanced and contemporary
skills and knowledge relating to the management of IT. Topics
will include: organisational learning and IS, controlling IS (security,
maintenance), managing international IS, critical skills for IS
professionals, quality issues, outsourcing, social and ethical
issues. The course will be based on lectures, cases, student led
seminars, visiting speakers.
MANG0048: Strategic analysis
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites: Pre MANG0016
Aims & Learning Objectives: An understanding of how
strategists proactively shape the mission, objectives and strategies
of their organisations within prevailing environmental and organisational
constraints. Exposure to the theoretical insights and methodological
approaches available to interpret and develop the competitive
strategic position of the enterprise under complexity and uncertainty.
Students are expected to contribute actively to class discussions
and through careful preparation to become proficient at analysing
specific situations using appropriate conceptual models allied
to pragmatic, well-reasoned judgements with respect to the content
of strategies and feasibility of implementation.
Content: Topics include: the nature of corporate objectives
and mission statements; analysing operating performance; the competitive
market/industry environment; sources of rivalry; the value chain;
assessing opportunities and threats; the development and application
of core competences; strategies in growth, maturity and in decline;
managing ambiguity and complexity in the multi-firm (global) corporate
environment. Case studies are used to explore and interpret issues.
MANG0049: Strategic marketing
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites: Pre MANG0016
Aims & Learning Objectives: An applied and thematic
approach to forming and implementing effective marketing strategies
for the business enterprise. The unit aims to help students interpret
competitive market positions and explore how they can be sustained
via product and market-oriented initiatives under conditions of
environmental uncertainty and competitive threat. Students are
expected to contribute actively to class discussions and through
careful preparation become proficient at analysing specific situations
using appropriate conceptual models allied to pragmatic, well-reasoned
judgements.
Content: Topics include: the meaning of marketing strategy
and generic strategies (and the form of the latter); interfaces
with shorter term marketing activities and longer term corporate
strategies; external trend analysis; strategies through the life
cycle; product/service innovation strategies; the strategic significance
of brands and reputation; portfolio development; international
strategies; issues in planning & implementing strategies.
Case examples are used to explore and interpret issues.
MANG0050: Supply management
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: To develop in the student
a broad understanding of the principles, concepts and approaches
employed in the management of supply between industrial, commercial,
and governmental organisations.
To differentiate between operational and strategic approaches
to management of supply
To provide the student with a practical framework, built from
research and experience, for understanding and analysing the development
of supply management.
Content: Introduction to supply management and the concepts
of purchasing, procurement, supply, value flow and inter-firm
relationships.
Sourcing strategies and their implications for corporate strategies
Information systems in supply management
The concept of inter-organisational relationships
Supply chain management
Negotiation as a technique and management challenge
Lean principles and the concept of value flow
Outsourcing and the management of associated relationships
Government procurement: regulated markets.
Logistics
MANG0050: Supply management
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: To develop in the student
a broad understanding of the principles, concepts and approaches
employed in the management of supply between industrial, commercial,
and governmental organisations.
To differentiate between operational and strategic approaches
to management of supply
To provide the student with a practical framework, built from
research and experience, for understanding and analysing the development
of supply management.
Content: Introduction to supply management and the concepts
of purchasing, procurement, supply, value flow and inter-firm
relationships.
Sourcing strategies and their implications for corporate strategies
Information systems in supply management
The concept of inter-organisational relationships
Supply chain management
Negotiation as a technique and management challenge
Lean principles and the concept of value flow
Outsourcing and the management of associated relationships
Government procurement: regulated markets.
Logistics
MANG0051: Technology management
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: This unit is concerned
with the management of technology and technological innovation
from the firm's perspective. The aim is to introduce students
to some of the managerial issues raised by the creation, adoption
and diffusion of technology over time. The objectives are firstly,
to provide an appreciation of the need to manage technology beyond
any R & D department and secondly, to develop an understanding
of alternative approaches to the acquisition, organisation and
exploitation of technology and the factors influencing the relative
success of these in different environments.
Content: The course examines patterns of technological
change, how technology affects competition, the impact of technology
on individual firms' competitive advantage and the development
of strategies and managerial methods to meet the challenges of
the increasingly technology-driven environment.
Topics include patterns of R & D, technical trajectories,
sources of product and process innovation and the innovation environment.
Developing a strategic approach to technology. Technology as a
company asset and technical auditing. Technology forecasting and
foresight. The relationship between technological change, industry
structure and competitive advantage. Factors influencing success
in technological innovation.. Different technology strategies
and decisions concerning R&D, innovation and the commercialisation
of new products/ processes. The protection of industrial and intellectual
property. The diffusion of technology by contract, acquisition,
imitation and manpower flows.
MANG0052: Group project 1
Semester 1
Credits: 10
Level: Level 3
Assessment: OR100
Requisites:
Aims & Learning Objectives: The overall aim of the
Group Project is to create an opportunity to apply the concepts,
techniques and skills acquired during the taught programme in
solving a practical business problem. Specific objectives are
to: develop the skills of planning and executing an original investigation
into a business problem in a team; allow an evaluation of the
practical worth of management theories and the ability to further
develop existing theories; integrate the various components of
the degree programme and its specialisms; give the opportunity
to practice and develop personal skills, especially those of analysis
and synthesis; develop experience in handling group co-ordination
and conflict; create the opportunity for business sponsors to
challenge student ideas.
Content: Briefing on academic and practical project aims;
group formation; assignment of the projects; problem; definition;
initial proposal; attendance at two Project Workshops; collection
of empirical data; presentation of preliminary findings.
MANG0053: Advanced supply management
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre MANG0050
Aims & Learning Objectives: To develop in the student
an advanced understanding of the principles, concepts and approaches
employed in the management of supply between industrial, commercial,
and governmental organisations.
To develop strategic and innovative approaches to management of
supply
To provide the student with a practical framework, built from
research and experience, for understanding and analysing the development
of strategic supply management.
Content: Recap on previous study in Supply Management
Further exploration of sourcing strategies and their implications
for corporate strategies
Strategies based upon information systems in supply management
The concept of inter-organisational relationships: trust, power
and dependencies
Inter-organisational networking
Further depth on lean principles and the concept of value flow
Outsourcing and the management of relational competence
Government procurement: regulated markets.
Logistics
MANG0054: Business strategies & human resource management
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: The course will enable
to the student to study Human Resource Management at an advanced
level especially by critically examining contemporary theory and
practice on the link between HRM and business strategies. The
student will appreciate the effect of different types of HRM strategies
on firm performance and locate these within the context of the
role of the state and trade union organisation, membership and
strategy. The student will be able to evaluate the strategies
and policies of a wide variety of organisations in the public
and private sectors and be equipped to debate these issues with
senior HR and Personnel executives. The key topics covered include
HRM: Rhetoric and Reality; Strategy, structure and devolution/decentralisation;
the pursuit of flexibility in its various forms; the resource
view of strategy; the distinction between high commitment management
and the matching models of HRM; cost leadership models and the
fragmentation of the firm; management style in the context of
trade union behaviour and the role of the state in the UK and
Europe. Examples will be taken from numerous countries.
MANG0055: Corporate governance & regulation
Semester 2
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites:
Aims & Learning Objectives: The course will acquaint
students with a range of issues which come under the broad heading
of governance and regulation of corporate practices. This will
include the nature of the company and responsibilities of its
principal officers, concerns about the state of corporate governance
and the special regulatory issues associated with public control
over utilities. The latter part of the course will recognise the
growing phenomenon of globalisation and the need for regulation
by international accounting standards
Content: Issues selected each year from:
The nature of the corporation and the position of shareholders,
chairmen, CEOs, executive directors and non-executive directors
The nature of corporate governance and development of a conceptual
framework for
governance: including the relationship between governance and
management
Examples of crises in governance
Governance as exercised in different countries
Whistle-blowing as a means of governance
The place of top executive compensation schemes in corporate governance
considerations
Regulation of MNCs and cross-border transfer pricing
The regulation of public utilities
International standard setting in accounting and relationship
to national standards
Financial reporting in the European Union
Comparative accounting practices in selected countries
Financial statement analysis using accounts of different countries
MANG0056: Corporate strategy in the European Union
Semester 2
Credits: 5
Level: Level 3
Assessment: CW75 OT25
Requisites: Pre MANG0027
Aims & Learning Objectives: To explore corporate strategies
in the context of the Single European Market.
To develop an understanding of the European business environment.
Content: The European business environment. European Union
competition and industrial policy. The Single Market Act. Non-tariff
barriers in the 'Single Market'. The competitive threat from the
US, Japan and the Pacific Rim. Competitive pressures in global,
mature and declining industries.
Corporate strategies in the European Market. Industrialisation
and integration; merger and acquisitions, joint ventures, alliance
strategies. Market entry in the European Union; national and continental
strategies. Foreign Direct Investment in the European Union. Corporate
integration; rationalisation and centralisation, managing across
borders.
MANG0057: Depth psychology of the consumer
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites:
Aims & Learning Objectives: To develop the students'
understanding of contemporary consumerism and of the behaviour
of different groups of consumers organizational by using the concepts
and theories from depth psychology.
Content: A summary of core concepts and theories of depth
psychology. Material culture and interpretation. Classical social
theories of consumption, status, fashion and display. The concept
of consumer choice. Gifts and communicative qualities of material
objects. Adolescence and life-style consumption. The Diderot effect.
Hedonism and aesthetic orientation to consumption. The influences
of social class. Postmodern theories of consumption and mass media.
Advertising, images and simulacra.
MANG0058: Ecological thinking & action in management
Semester 2
Credits: 5
Level: Level 3
Assessment: RP80 OR20
Requisites: Pre MANG0028
Aims & Learning Objectives: The aim of this unit is
to provide students with an opportunity to research in depth a
topic chosen by them in consultation in staff. Topics should be
related to the key areas covered in Emerging Patterns of Thought,
Action and Belief
Content:
MANG0059: European integration studies 2
Semester 2
Credits: 5
Level: Level 3
Assessment: ES100
Requisites: Pre MANG0040
Aims & Learning Objectives: To provide an advanced
knowledge of the impact of European policies on individuals, managements
and work organisations in the European Union. Students will complete
the course unit with a detailed knowledge of social, environmental
and sectoral impacts of integration and how business interests
can influence the EU decision-making process.
Content: Subjects covered will be: Social and employment
policy issues and the firm; EU environment policy and its impact
upon business and communities; the harmonisation of company law;
sectoral impacts of the single market and business strategies;
lobbying the EU; transport policy and trans-European networks;
implementation of EC law; the future direction of the EU.
Lectures will be supplemented by case study discussions, a decision-making
game, and tutorial sessions.
MANG0060: European international business management
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW32 OT8
Requisites:
Aims & Learning Objectives: The course aims to introduce
and assess the forms, motivations and processes of establishing
and developing a multinational enterprise. It will explain the
magnitude and significance of international business, both in
manufacturing and service industries and discuss the terminology
used. The students should be able:
· to understand and assess the options available to companies
undergoing the internationalisation process
· to analyse the different issues that arise and problems
that need to be addressed when establishing and operating subsidiaries
and affiliates across national boundaries
· to identify and explain actual examples using theories
introduced in the course.
Content: The theories of international business, including
internalisation, the behavioural approach to internationalisation,
the eclectic theory and other theories of the multinational enterprise.
The motivations for multinational operation - economic globalisation,
competitive rivalry, resource or market seeking.
The different forms of multinational operation, including contractual
forms, equity arrangements, joint ventures, etc. An assessment
of the advantages and disadvantages of each.
The financing of international operations - international trade
finance, international equity markets, capital markets, foreign
exchange issues.
The risks of international operations - political, economic and
financial risk. The methods of mitigating risks.
Geographic studies -
a) foreign direct investment in Central and Eastern Europe, looking
at the different countries, levels of FDI, and examples. Discussion
of motivations and risks of operating in this area.
b) foreign direct investment in the European Union - intra-EU
and from outside the region. Assessments, motivations and the
options available.
The course will draw heavily on examples and will use the students
assignments, to be presented orally to the class, to illustrate
and explain the theories of international business.
MANG0062: International business law
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites: Pre MANG0010, Pre MANG0024
Aims & Learning Objectives: To put international trade
contracts in their proper framework - in terms of the contracts
and their enforcement and enforceability, and in the wider context
of how businesses function in the international commercial field.
Students will consider the different regimes which are relevant
to making agreements in an international context, the problems
which can arise and how to deal with them. Common contract terms
and business relationships are examined so that students understand
the principles which can facilitate or hinder international contracts.
Content: Legal 'families' and their characteristics. Codified
commercial law. Treaties and conventions. ICC and other private
regimes. Principles of international trade and common principles
of law on commercial agents; business forms; business liability.
Commercial contracts; insurance; international banking; carriage;
patents, arbitration, dispute resolution and enforcement. European
Union law - competition, free movement.
MANG0063: International marketing
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre MANG0034
Aims & Learning Objectives: 1. To develop an understanding
of the concepts of international marketing, and of the international
environment in which companies operate.
2. To develop an understanding of international marketing management
and the process of strategy development
Content: International marketing is usually defined as
marketing goods or services across international boundaries, but
it usually also includes elements of comparative marketing, and
of co-ordination of marketing activities in several markets simultaneously,
i.e. multi-domestic marketing.
The course includes aspects of the international marketing environment,
market selection, market entry methods and channels, international
product policy decisions, promotion decisions, and a special focus
on exporting.
MANG0064: Managing change
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: To introduce students to
the theory and practice of change management in organizations
ranging from diagnosis to intervention, and from thinking frameworks
to frameworks for action.
Content: Topics will be drawn from the following:
Perspectives on the organizational situation; issue and problem
diagnosis
Analysing the change situation: interpretation, explanation and
feedback; the action learning framework
The basic tools and techniques of the change manager
The nature of the change process: models, theories and philosophies
of change
Managing change: approaches and methods
Cultural change: concepts and practices
Leading change: strategies and styles
MANG0066: Strategic management
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 ES40
Requisites: Pre MANG0048
Aims & Learning Objectives: To provide an understanding
of how strategy is developed within organisations, of the processes
involved, and of the structure and control systems exercised by
organisations in its implementation.
To examine how the concepts of strategy formulation and organisation
development interplay.
Students are expected to contribute to class discussion through
the preparation of case studies in order to develop their understanding
of complex situations.
Content: Processes of company diagnosis and recognition;
formulation of objectives and value systems; processes of agenda
building, scenario development and strategic decision making;
processes of organisational change in strategic direction.
MANG0067: Treasury management
Semester 2
Credits: 5
Level: Level 3
Assessment: EX50 ES50
Requisites:
Aims & Learning Objectives: To show how a large company
manages sources of capital, relations with financial markets and
shareholders and balances needs for finance with internationally
spread organisations.
Content: Issues selected from:
Reviewing sources of finance and their costs
Special sources of finance: convertibles and warrants and capital
structure re-visited, leasing, export finance
Balancing financing needs and sources
Relations with external parties
Bankruptcy prediction and avoidance
Mergers and acquisitions
International and domestic aspects of cash management
Foreign exchange markets and foreign exchange rate risks
Exposure management: hedging, swaps, options, interest rate risk,
etc.
Complications in investment appraisal in undertaking direct investment
abroad
International financing
MANG0068: Group project 2
Semester 2
Credits: 10
Level: Level 3
Assessment: RT70 OR30
Requisites:
Aims & Learning Objectives: The overall aim of the
Group Project is to create an opportunity to apply the concepts,
techniques and skills acquired during the taught programme in
solving a practical business problem. Specific objectives are
to: develop the skills of planning and executing an original investigation
into a business problem in a team; allow an evaluation of the
practical worth of management theories and the ability to further
develop existing theories; integrate the various components of
the degree programme and its specialisms; give the opportunity
to practice and develop personal skills, especially those of analysis
and synthesis; develop experience in handling group co-ordination
and conflict; create the opportunity for business sponsors to
challenge student ideas.
Content: Evaluation of progress; further data collection;
further examination of literature and relevant theory; presentation
of interim findings at Project Workshop; further analysis of collected
data; production of final written report and oral presentation
of findings.
MANG0086: Industrial placement 1
Semester 1
Credits: 30
Level: Level 2
Assessment: CW100
Requisites:
Aims & Learning Objectives: Introduction to the operations
and management of organisations; performance of practical tasks
within a managerial setting; develop relevant skills and knowledge;
reflect on the personal learning objectives set and a critical
evaluation of their achievement
Content: Pre-placement preparation; minimum 22 weeks industrial
placement adhering to the Code of Practice provided by the Placements
Office; Placement Project I, Post-placement debriefing.
MANG0087: Industrial placement 2
Semester 2
Credits: 30
Level: Level 2
Assessment: CW100
Requisites:
Aims & Learning Objectives: Performance of specialist
tasks within a managerial setting; develop and extend relevant
skills and knowledge; relate management theory to experience gained
and evaluate its value in a practical context; analyse a practical
management problem
Content: Pre-placement preparation; minimum 22 weeks industrial
placement adhering to the Code of Practice provided by the Placements
Office; Placement Project II, Post-placement debriefing.
MATH0095: Quantitative methods
Semester 2
Credits: 5
Level: Level 1
Assessment: EX100
Requisites:
Aims & Learning Objectives: To teach the basic ideas
of probability, data variability, hypothesis testing and of relationships
between variables and the application of these ideas in management.
Students should be able to formulate and solve simple problems
in probability including the use of Bayes' Theorem and Decision
Trees. They should recognise real-life situations where variability
is likely to follow a binomial, Poisson or normal distribution
and be able to carry out simple related calculations. They should
be able to carry out a simple decomposition of a time series,
apply correlation and regression analysis and understand the basic
idea of statistical significance.
Content: The laws of Probability, Bayes' Theorem, Decision
Trees.
Binomial, Poisson and normal distributions and their applications;
the relationship between these distributions.
Time series decomposition into trend and season al components;
multiplicative and additive seasonal factors.
Correlation and regression; calculation and interpretation in
terms of variability explained. Idea of the sampling distribution
of the sample mean; the Z test and the concept of significance
level.
MATH0096: Statistics 1 (service unit)
Semester 2
Credits: 5
Level: Level 2
Assessment: EX60 CW40
Requisites: Pre MATH0095
Aims & Learning Objectives: To teach the fundamental
ideas of sampling and its use in estimation and hypothesis testing.
These will be related as far as possible to management applications.
Students should be able to obtain interval estimates for population
means, standard deviations and proportions and be able to carry
out standard one and two sample tests. They should be able to
handle real data sets using the minitab package and show appreciation
of the uses and limitations of the methods learned.
Content: Different types of sample; sampling distributions
of means, standard deviations and proportions. The use and meaning
of confidence limits.
Hypothesis testing; types of error, significance levels and P
values. One and two sample tests for means and proportions including
the use of Student's t. Simple non-parametric tests and chi-squared
tests. The probability of a type 2 error in the Z test and the
concept of power.
Quality control: Acceptance sampling, Shewhart charts and the
relationship to hypothesis testing.
The use of the minitab package and practical points in data analysis.
Students must achieve 65% pass mark in Quantitative Methods (MATH0095)
in order to undertake this unit.
MATH0097: Statistics 2 (service unit)
Semester 1
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites: Pre MATH0096
Aims & Learning Objectives: To teach the methods of
analysis appropriate to simple and multiple regression models
and to common types of survey and experimental design. The course
will concentrate on applications in the management area.
Students should be able to set up and analyse regression models
and assess the resulting model critically. They should understand
the principles involved in experimental design and be able to
apply the methods of analysis of variance.
Content: One-way analysis of variance (ANOVA): comparisons
of group means.
Simple and multiple regression: estimation of model parameters,
tests, confidence and prediction intervals, residual and diagnostic
plots.
Two-way ANOVA: Two-way classification model, main effects and
interactions.
Experimental Design: Randomisation, blocking, factorial designs.
Analysis using the minitab package.
Students must pass Statistics 1 (MATH0096) in order to undertake
this unit.
MATH0118: Management statistics
Semester 2
Credits: 5
Level: Level 3
Assessment: EX60 CW40
Requisites:
Aims & Learning Objectives: This unit is designed primarily
for DBA Final Year students who have taken the First and Second
Year management statistics units but is also available for Final
Year Statistics students from the School of Mathematical Sciences.
Well qualified students from the IMML course would also be considered.
It introduces three statistical topics which are particularly
relevant to Management Science, namely quality control, forecasting
and decision theory.
Aims: To introduce some statistical topics which are particularly
relevant to Management Science.
Objectives: On completing the unit, students should be able to
implement some quality control procedures, and some univariate
forecasting procedures. They should also understand the ideas
of decision theory.
Content: Quality Control: Acceptance sampling, single and
double schemes, SPRT applied to sequential scheme. Process control,
Shewhart charts for mean and range, operating characteristics,
ideas of cusum charts.
Practical forecasting. Time plot. Trend-and-seasonal models. Exponential
smoothing. Holt's linear trend model and Holt-Winters seasonal
forecasting. Autoregressive models. Box-Jenkins ARIMA forecasting.
Introduction to decision analysis for discrete events: Revision
of Bayes' Theorem, admissability, Bayes' decisions, minimax. Decision
trees, expected value of perfect information. Utility, subjective
probability and its measurement.
SOCS0148: Prices & markets
Semester 1
Credits: 5
Topic: Economics
Level: Level 1
Assessment: EX100
Requisites:
Aims & Learning Objectives: This course aims to provide
an understanding of the theory of price determination in different
market structures, and the influence of the macro economy on the
business environment. The unit aims to develop students' understanding
of the forces determining supply and demand for the individual
firm in both product and factor markets. The effects of taxes
and the role of government in markets will be discussed.
Content: The subject matter of economics. The macro economic
environment: circular flow of income including role of government
and foreign trade. Specialisation and exchange. Markets, prices
and allocation. Non-market allocation; role of government. Household
behaviour. Business behaviour; production and costs; market structure
- perfect competition, monopoly, monopolistic competition. Demand
for factors ; wage determination; investment.
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School of Management Programme Catalogue
Programme / Unit Catalogue 1997/98