Strategic Management of Change Managing & Leading People. Elective modules (choose one from): Real Estate Investment Property Management

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1 35727/ /16 entry MBA Construction and Real Estate course information This table indicates the modules included in this course and the structure which they follow. Should you require further information about the modules, please contact 2 years (standard route). An 18 month accelerated route is also available. Please note: Students can either start in September or March Yr 1 2 September Semester Strategic Management of Change Managing & Leading People Elective modules (choose one from): Real Estate Investment Property Management Students on the September entry March Semester Applied International Marketing Management Finance & Science Elective modules (choose one from): Management of Construction Procurement & Tendering Where considered necessary to do so at any stage, CEM may seek to make variations to programme content, entry requirements and methods of delivery, and to discontinue, merge or combine programmes. This is subject to consultation with relevant students and other stakeholders, setting out the reasons for the proposed amendment(s), and compliance with the requirements of the CEM Code of Practice on Programme Monitoring, Amendment, Review and Discontinuation. Should such an eventuality occur during the admissions and registration process, applicants will be informed immediately of any change and the alternative arrangements that have been put in place. Planning & Development Students on the March entry PG Project Core Modules PG Project Planning & Development Elective Modules Year 1 Strategic Management of Change (core) The rationale for this module is to provide an integrated approach to corporate strategy and the management of change and innovation in a complex and uncertain business environment in construction and real estate. Part one considers frameworks to manage the long-term strategic direction of organisations within a construction and real estate setting. Part two focuses on enhancing students understanding of, and response to organisational change. The determination of appropriate policies and strategies to meet stakeholder interests is explored within different cultural contexts. 1) Introduction to strategic and change management 2) Strategic systems 3) Strategies 4) Strategy and structure 5) Strategy styles and stakeholders 6) Strategy context 7) Analytical models 8) Change and innovation 9) Models of organisational change 10) A systematic approach to managing change and innovation 11) Contemporary change drivers 12) Business, political and ethical change drivers 13) Construction as a change process 14) Managing innovation and creativity 15) Skills and competencies of a change agent The College of Estate Management MBA Construction and Real Estate course information P.1

2 1: 3,000-3,500 word essay 50% 2: Examination - 2 hours 50% Core Textbooks Johnson G, Scholes K. and Whittington R. (2007) Exploring Corporate Strategy: Texts and Cases (8th edn) FT Prentice Hall. ISBN: Managing and Leading People (core) This module seeks to develop understanding of what a manager is and what managers do; and to distinguish leadership from management. It requires students to interrogate issues and contexts relating to managing people, and learn how to get the best out of people, in an environment of constant change. The module aims to examine: the way that organisations - and the people who comprise them - behave, the tasks that they perform and the structures and methodologies that have evolved in attempts to understand and lead them management theories different schools of thought on leadership and the major strategies and approaches for the effective leadership of contemporary organisations and projects. 1) Defining management 2) The development of management thinking 3) Contemporary issues in management 4) Leadership 5) Organisational environment 6) Groups and teams 7) People management 8) Motivation 9) Employment law 10) Performance management 11) Managing marginal performance 12) Emotional intelligence 13) Reward management 14) Conflict management 15) Organisations 1-3,000-3,500 word coursework 50% 2 - Examination - 2 hours 50% The College of Estate Management MBA Construction and Real Estate course information P.2

3 Core Textbook No single textbook - see next section. Mullins L J (2013) Management & Organisational Behaviour (10th edn), Prentice Hall ISBN Adair J, (2005) How to Grow Leaders, Kogan Page ISBN Brooks I, (2009) Organisational Behaviour - Individuals, Groups and the Organisation (4th edn), FT Prentice Hall ISBN Mintzberg H, (20011), Managing, Prentice Hall ISBN Peters T and Waterman R H (1982) In Search of Excellence (2nd edn), Profile Business. ISBN Rothenberg, S. (2012). Sustainability through servicizing. MIT Sloan Management Review, 48(2) Storey J (ed) (2007) Human Resources Management: A Critical Text (3rd edn), Thomson Learning Applied International Marketing (core) This module considers the application of marketing in international business within construction and real estate contexts. It highlights the challenges posed by diverse international business environments, together with the implications for professional marketing practice. In this module appropriate professional marketing strategies are appraised within a diverse, complex and changing international construction and real estate environment. Practical and ethical considerations are explored and analysed within different cultures. 1) Introduction to marketing 2) International marketing 3) The marketing mix elements /4Ps 4) Product management 5) Service management 6) Promotion (and the promotion mix) 7) Pricing 8) Place / distribution decisions 9) Marketing research for planning purposes 10) Marketing planning 11) Contemporary international marketing issues 12) Developing personal and professional marketing practice 13) Reflection, learning and professionalism in the workplace 1 - coursework (2,000-2,500 words) 30% 2 - applied project (4,000-4,500 words) 70% Core Textbook Cateora, P.R., Gilly, M.C. & Graham, J.L. (2010) International Marketing, 15th ed. New York: McGraw-Hill Irwin ISBN: Intute (business & management gateway) Business Source Premier (academic and business sources) Emerald (academic journal articles from MCB publications) Nexis (newspapers and similar, UK and international) Mintel (MR data - mainly UK) GMID (aka Euromonitor: MR data - international) The College of Estate Management MBA Construction and Real Estate course information P.3

4 Bradley, F. (2005). International marketing strategy. Pearson Education Czinkota, M. R. (2012). International marketing. Cengage Learning de Burca, S, Fletcher, R. & Brown, L (2004) International Marketing: an SME Perspective. Harlow: FT Prentice Hall De Mooij, M. (2010). Consumer behavior and culture: Consequences for global marketing and advertising. Sage Doole, I. & Lowe, R. (2012) International Marketing Strategy, 6th ed. London: CEngage Learning, EMEA Dubois, P-L, Jolibert, T.A. & Muhlbacher, H. (2007) Marketing Management. New York: Palgrave Macmillan Egan, J. (2008) Exploring Relational Strategies in Marketing, 3rd ed. Harlow: FT Prentice Hall Ghauri, P. N., & Cateora, P. R. (2010). International marketing. McGraw-Hill Higher Education Gillespie, K., Jeannet, J. P., & Hennessey, H. D. (2010). Global marketing. Cengage Learning Griffin, R. W., Pustay, M. W., & Liu, C. (2010). International business. Prentice Hall Griffith, D. A. (2010). Understanding multi-level institutional convergence effects on international market segments and global marketing strategy. Journal of World Business, 45(1), Hollensen, S. (2007). Global Marketing: a decision-oriented approach. Pearson Education Johansson, J.K. (2009) Global Marketing: foreign entry, local marketing, and global management, 5th ed. Boston, MA: McGraw Hill Keegan, W.J. & Green, M.C. (2005) Global Marketing, 4th ed. Upper Saddle River, NJ: Pearson Prentice Hall Kocha, A. (2001) Selecting Overseas markets and entry modes: two decision processes or one? Marketing Intelligence and Planning, 19(1), Kotler, P., & Armstrong, G. (2009). Principles of marketing. Pearson Education Majaro, S. (2012). International Marketing: A strategic approach to world markets. Routledge Murphy, P.E. (2010). Marketing ethics. Marketing Theory: A Student Text, SAGE Publications, London Okoro, E. (2012). Ethical And Social Responsibility In Global Marketing: An Evaluation Of Corporate Commitment To Stakeholders. International Business & Economics Research Journal (IBER), 11(8), Omar, O. (2009). International marketing. Palgrave Macmillan Onkvist, S. & Shaw, J. (2009) International Marketing Analysis & Strategy, 5th ed. Abingdon: Routledge Pride, W. M., & Ferrell, O. C. (2011). Marketing. CengageBrain. Management Finance and Science (core) Finance defines the resource potential for, and the constraints on, exploiting business opportunities. An understanding of budgets and budgetary control mechanisms is therefore a necessary requirement of all management activity. A wider understanding of the organisation s financial performance and current position is also required both by managers for professional reasons and by stakeholders in general. In determining the availability of resources this financial management module is therefore relevant for the function of decision-making in all the course modules. Management science combines a platform for the development of quantitative skills with the introduction of tools to support operations management and to gauge risk. 1) Introduction and money in a business 2) Partnerships and companies 3) Cash flow statements and value added statements 4) Evaluation of accounting information 5) Cost volume profit and short-run tactical decision making 6) Budgeting 7) Principles of cost accounting 8) Industrial and commercial finance 9) Summarising data 10) Sampling and probability 11) Statistical inference 12) Decision making using management science tools 13) Risk analysis using simulation 14) Network analysis The College of Estate Management MBA Construction and Real Estate course information P.4

5 Assignment: 2,000-2,500 word written piece of assessed coursework to be submitted by a due date as timetabled. 30% Examination: 3 hour closed book examination at the end of the module. 70% Core Textbooks CEM Commissioned text Text book: Mills R W and Robertson J (1999) Fundamentals of Managerial Accounting and Finance (4th edn), Mars Business Associates Ltd. ISBN-13: Jon Curwin and Roger Slater (2008) Quantitative Methods for Business Decisions (6th edn), Thomson Business Press The College of Estate Management CPD Study Pack: Content and Interpretation of Company Accounts, Richard Smee ACA (2005) ISBN-13: Brett M (2003) How to Read the Financial Pages (5th edn), Random House Business Books. ISBN-13: Dyson J R (2007) Accounting for Non-Accounting Students (7th edn), FT Prentice Hall. ISBN-13: Holmes G, Sugden A and Gee P (2008) Interpreting Company Reports and Accounts (10th edn), FT Prentice Hall. ISBN-13: Nigel J Smith (2007) Engineering Project Management - Chapters 3 & 9, Wiley Blackwell Parker R H (1999) Understanding Company Financial Statements (5th edn), Penguin Books Ltd. ISBN-13: Brett M (2003) How to Read the Financial Pages (5th edn), Random House Business Books. ISBN-13: Dyson J R (2007) Accounting for Non-Accounting Students (7th edn), FT Prentice Hall. ISBN-13: Holmes G, Sugden A and Gee P (2008) Interpreting Company Reports and Accounts (10th edn), FT Prentice Hall. ISBN-13: Nigel J Smith (2007) Engineering Project Management - Chapters 3 & 9, Wiley Blackwell Parker R H (1999) Understanding Company Financial Statements (5th edn), Penguin Books Ltd. ISBN-13: Claire Morris (2008), Quantitative Approaches to Business Studies (7th edn) Glyn Burton, George Carrol and Stuart Wall (2002) Quantitative Methods for Business and Economics, (2nd edn), FT Prentice Hall Jack Meredith, Scott Safer, Efraim Turban (2002) Quantitative Business Modelling, South Western Education Publishing Jon Curwin and Roger Slater (2008) Quantitative Methods for Business Decisions (6th edn), Thomson Business Press Louise Swift and Sally Piff (2010) Quantitative Methods for Business Management and Finance (3rd edn), Palgrave MacMillan Mik Wisniewski (2002) Quantitative Methods for Decision Makers (3rd edn), FT Prentice Hall Ronald Walpole, Raymond Myers and Sharon Myers (2006) Probability and Statistics for Engineers and Scientists (8th edn), Pearson Prentice Hall Wayne Winston (2007) Microsoft Office 2007 Excel: Data Analysis and Business Modelling (2nd edn) Microsoft Press David Anderson, Dennis Sweeney, Thomas Williams and Kipp Martin (2008) An introduction to Management Science (12th edn) South Western Cengage Learning Graeme Hutcheson and Luiz Moutinho (2009) Statistical Modelling for Management, Sage publications Jack Meredith, Scott Safer, Efraim Turban (2002) Quantitative Business Modelling, South Western Education Publishing Chapman C B and Stephen Ward (2003) Project Risk Management: Processes, Techniques and Insights (2nd edn), John Wiley David Anderson, Dennis Sweeney, Thomas Williams and Kipp Martin (2008) An introduction to Management Science (12th edn) Keith Lockyer and James Gordon (eds) (2005) Project Management and Project Network Techniques (7th edn), FT Prentice Hall The College of Estate Management MBA Construction and Real Estate course information P.5

6 Roger Flanagan, Rob Chapman and George Norman (2008) Risk Management and Construction (2nd edn), Blackwell Science Ltd Ronald Walpole, Raymond Myers and Sharon Myers (2006) Probability and Statistics for Engineers and Scientists (8th edn), Pearson Prentice Hall Siu Tang et al (2004) Quantitative techniques for Decision-making, Hong Kong Press Year 2 Real Estate Investment (elective) This module focuses on the rationale and considerations for investing in property as an asset class and takes into account the trade-off between the present and future use of resources by organisations, with special reference to the returns and risks of real estate investments. The module will allow students to recognise property as an investment asset within the overall spectrum of other investment media. Investment return, risk, appraisal, performance measurement, modern portfolio theory and responsible investment concepts are considered and applied in the real estate investment context. 1) Introduction to investment, investments, investors and investment theory 2) The real estate investment market 3) Investment: characteristics, objectives, needs, constraints, decisions, strategy 4) Property investment returns 5) Investment risk 6) Investment appraisal methods 7) Portfolio performance measurement 8) Portfolio theory and asset pricing 9) Portfolio construction 10) Sources of investment finance 11) Securitisation and real estate investment options 12) Sustainable investment Coursework 1-2,500-3,000 word essay 40% Coursework 2-3,500-4,000 word essay 60% Core Textbooks Text book: Baum A (2009) Commercial Real Estate Investment, EG Books. ISBN Ball M, Lizieri C and MacGregor B (1998) The Economics of Commercial Property Markets, Spon. ISBN Baum A and Crosby N (2008) Property Investment Appraisal (3rd edn), Thomson Learning. ISBN Block R (2011) Investing in REITs: Real Estate Investment Trusts (4 edn) Wiley ISBN Brown G R and Matysiak G A (1999) Real Estate Investment, Pearson Education. ISBN Brueggeman W B and Fisher J D (2010) Real Estate Finance and Investments, McGraw Hill. ISBN College of Estate Management (2000) Destination UK!: International Property Investment and the Role of Taxation, Reading: CEM. ISBN Damodoran A (2002) Investment valuation: Tools and Techniques for determining the Value of Any Asset, John Wiley ISBN- 10: ;ISBN-13: Eddington G (1997) Property Management: A Customer-Focused Approach, Macmillan. ISBN Edwards V and Ellison L (2004) Corporate Property Management, Blackwell Science. ISBN Enever N and Isaac D (2001) The Valuation of Property Investments, Estates Gazette. ISBN The College of Estate Management MBA Construction and Real Estate course information P.6

7 Fraser W (2004) Cash-flow appraisal for Property Investment, Palgrave Macmillan. ISBN Fraser W (1993) Principles of Property Investment and Pricing (2nd edn), Palgrave Macmillan. ISBN Hargitay S and Shi-Ming Yu (1993) Property Investment Decisions, E & F N Spon. ISBN Property Management (elective) This module develops the principles of law and practice appropriate to the effective and efficient management of commercial property. The focus is principally on the landlord and tenant relationship within legal and regulatory frameworks, but also encompasses property held for owner occupation. This module aims to examine: the significance of lease agreements from both the different landlord/investor and tenant/occupier perspectives the legal, regulatory and market constraints within which commercial property management is undertaken the handling of the different interests of parties involved in property management and the preferred solutions after consideration of all implications. 1) The essentials of landlord and tenant 2) Tenant selection and letting 3) Leasehold covenants 4) Repairing buildings and dilapidations 5) Managing corporate property 6) Property management records 7) Property insurances 8) Health and safety in property management 9) Service charges in commercial property 10) Property management and sustainability 11) Rent and rent review 12) Termination of tenancies 13) Leasehold remedies 14) Lease renewal 15) Dispute resolution 1-2,500-3,000 word coursework 40% 2 - Examination hours 60% Core Textbooks RICS Books: Commercial Leases A Surveyors Guide ISBN Palgrave Macmillan s Landlord and Tenant Law ISBN X RICS Code of Practice: Service Charges in Commercial Property (2nd edn) (2011) - available electronically from isurv RICS Guidance Note: Insurance for Commercial Property Managers (1st edn) (2010) - available electronically from isurv RICS Guidance Note on Dilapidations (6th edn) - available electronically from isurv Stapleton s Real Estate Management Practice ISBN RICS Books: Case in Point - Service Charges ISBN The College of Estate Management MBA Construction and Real Estate course information P.7

8 Planning and Development (core) This module provides an introduction to planning law and the planning process relevant to property development. The property development process, site selection and financial appraisal of development sites and their funding are considered. The module blends the basic knowledge of planning law with the implementation of a real estate development project. The module aims to examine: the context of planning within property development projects principles of site layout and design, introducing methods of appraisal of the financial viability of development schemes sources of funding for development projects. 1) Introduction to planning law 2) Planning policy 3) Planning permission and legal agreements 4) Planning conditionality in development agreements; Judicial Review 5) Design and sustainability 6) Development case study 7) The real estate development process 8) Site layout, mapping and design 9) Development appraisal: the residual method 10) Development appraisal: alternative methods 11) Assessing the risk 12) Finance for development 13) Finance for development - practice 14) Finance - overseas markets word coursework 40% 2 - Examination hours 60% Core Textbooks Wilkinson S. & Read R., (2008) Property Development (5th edn) Routledge, Abingdon ISBN Adams D. & Tiesdell S., (2013) Shaping Places Urban Planning, Design and Development Routledge, Abingdon ISBN Estates Gazette ( Property Week ( RICS Code of Measuring Practice ( Professionals- -Version aspx) RICS Information Paper ( RICS Information Paper ( RICS Information Paper ( Development-1164.aspx) RICS Information Paper ( The College of Estate Management MBA Construction and Real Estate course information P.8

9 Management of Construction (elective) This module considers both the personnel and organisational aspects of construction management, with a focus on the managers of construction projects. It provides a comprehensive understanding of the skills required in managing, planning and controlling the safe implementation of a construction project. The module aims to examine: the construction management environment the implications of health and safety for construction the personnel skills required of the construction manager construction management in practice. 1) The role of the construction manager 2) BIM and communication 3) Managing change and risk in construction 4) Managing construction programmes 5) Planning and programming tools 6) Management of resources, plant, materials and labour 7) Managing project costs 8) Partnering and other arrangements for construction 9) Quality of product and Value management 10) Benchmarking projects 11) Health & Safety on construction projects 12) Sustainability and environmental issues for construction managers 13) Industrial Relations, negotiation and decisions 14) Cultural and ethical issues in construction 15) The international context of construction word report - The assignment will provide construction management problems for solution 50% 2 - Examination - 2 hours 50% Core Text Book Harris. F, McCaffer. R, and Edum-Fotwe (2013), Modern Construction Management 7th. Edition, Wiley Blackwell publishing ISBN-13: Fellows R, Langford D, Newcombe R (2009) Construction Management in Practice, Blackwell Science Ltd. Publishing ISBN Fewing P, (2013), Construction Project Management 2nd. Edition, Routledge publishing Procurement and Tendering (elective) Students will consider the various ways in which construction projects can be procured and the consequent effects of procurement strategies on tendering. The module aims to examine: the effects of project risk allocation on the procurement process and how the choice of procurement method can impact on the subsequent phases of the project cycle procurement theories, together with examples of past and current practices how construction procurement is affected by, and can be used to affect, the wider economy. The College of Estate Management MBA Construction and Real Estate course information P.9

10 1) Forms of contract 2) Defining procurement 3) Project feasibility and brief 4) Risk allocation 5) Competitive tendering 6) Negotiation and competitive dialogue 7) Operation and maintenance procurement 8) BIM and procurement 9) Procurement for programmes of work 10) Sub-contractors and suppliers 11) Developing and agreeing contract strategies 12) Private finance 13) EU public and utility procurement 14) Government drivers and international perspective 1 - Report (2,500-3,000 words) 40% 2 - Examination hours 60% Core Textbook Morledge R and Smith A (2013) Building Procurement (2nd edn), Oxford: Blackwell Publishing Ltd, ISBN RICS Guidance Notes ( Joint Contracts Tribunal ( NEC3 ( Constructing Excellence ( The Wolstenholme Report (Never Waste a Good Crisis) ( jsp?id=10886) Harris F, McCaffer R and Edum-Fotwe F (2013) Modern Construction Management (7th edn), Oxford: Wiley-Blackwell, ISBN Postgraduate Project (core) This module requires students to hone their research skills whilst providing them with a vehicle to conduct a self-directed research project that reflects the culmination of their studies in the relevant programme. For those students studying the MBA programme, the project should demonstrate leadership through strategic management. 1) An introduction to research in organisations 2) Research topic selection and feasibility 3) Theoretical frameworks and literature review 4) Development of hypothesis and aims 5) Development of methodology 6) Research proposals and project plan 7) Framework of the research project 8) Data collection methods 9) Analysing, interpreting and presenting findings from the data 10) Production of the research report 1 - Research proposal (1,800-2,000 words) 20% 2 - Project report (9,000-12,000 words) 80% The College of Estate Management MBA Construction and Real Estate course information P.10

11 Core Textbook Denscombe, M. (2010) The Good Research Guide, 4th Edition, Maidenhead; Open University Press ISBN: Aaker, D.A., Kumar, V., and Day, G.S. (2001). Marketing Research (7th ed.). Chichester: Wiley. Blaxter, L. Hughes, C. and Tight, M. (2010) How to Research, 4th Edition, Maidenhead: Open University Press Brewerton, P., and Millward, L. (2012) Organisational Research Methods, London, Sage Publications Ltd. Bryman, A., and Bell, E. (2007) Business Research Methods (2nd Ed), Oxford: Oxford University Press. Creswell, J. (2002) Research Design: Qualitative, Quantitative and Mixed Method Approaches, London: Sage, Cameron, S., & Price, D. (2009). Business Research Methods: A Practical Approach. McGraw Hill. Celsi, M. W., Money, A. H., Samouel, P., & Page, M. J. (2011). Essentials of business research methods. ME Sharpe. Collis, J., & Hussey, R. (2009). Business research: A practical guide for undergraduate and postgraduate students. Palgrave Macmillan. Easterby-Smith, M., Thorpe, R., & Jackson, P. (2012). Management research. Sage Publications. Ellson, T. (2009). Assessing contribution of research in business to practice. Journal of Business Research, 62(11), Hart, C. (1998). Doing a Literature Review, London: Sage Malhotra, N.K., and Birks, D.F. (2003). Marketing Research: an applied approach (2nd European ed.). Harlow: FT Prentice Hall. Onwuegbuzie, A.J. (1997) Writing a research proposal: The role of library anxiety, statistics anxiety, and composition anxiety. Library & Information Science Research 19.1: Polonsky, M. J., & Waller, D. S. (2010). Designing and managing a research project: A business student s guide. Sage. Quinlan, C. (2011) Business Research Methods, Hampshire; Cengage Learning, EMEA Robson, C. (2002) Real World Research: A Resource for Social Scientists and Practitioner-Researchers, London: John Wiley & Sons Salkind, N.J. (2011) Statistics for people (who think) they hate statistics, Thousand Oaks, California: Sage Publications The College of Estate Management MBA Construction and Real Estate course information P.11