This course is partially included in the list of reimbursement courses for CEF purposes. MBA & Postgraduate Programs. Hong Kong

Transcription

1 This course is partially included in the list of reimbursement courses for CEF purposes MBA & Postgraduate Programs Hong Kong

2 Cover: MGSM Alumnus Eimund Loo National Anti-Piracy Lead, Microsoft Hong Kong Information in this publication is correct as at August 2014 but is subject to change from time-to-time. In particular, the university reserves the right to change the content or the method of presentation of any unit of study, or to withdraw any unit or course of study which it offers, or to impose limitations on enrolment in any unit or course of study or to make amendments to any of its policies. Please note that not all units are offered every year.

3 Contents 4 Welcome to MGSM 6 MGSM & Macquarie University 7 Why MGSM? 8 International Perspective 10 Your MGSM Experience 12 You re In Good Company 14 Flexible pathway 16 Graduate Certificate of Management 17 Graduate Diploma of Management 18 MGSM MBA 19 Choose your Electives 20 Course Unit Directory 24 Admission Information 28 Life after MGSM 29 Alumni Network 30 You re in good hands We develop leaders with a global mindset who create sustainable value and are good citizens. Professor Alex Frino Dean 3

4 Welcome to MGSM We give our students the edge because we operate at the very forefront of business. Our teaching is grounded in the reality of what it means to work in business, not only in Australia but around the world. Professor Alex Frino Dean consultants, directors and It is essential that our educational experience. We even politicians. students be exposed to give our students the edge Since our inception in 1969, MGSM has consistently succeeded in delivering one of the world s leading Master of Business Administration (MBA) programs. We are proud to be ranked among the top business schools in the world by The Economist Which MBA Survey. Further, our alumni network of 16,500 boasts CEO and countless Despite our long history of success, we must continue to look forward. Business no longer happens within the four walls of an office and it is critical that MGSM not only adapts but leads the way. As I enter my second year as Dean of MGSM, I am focused on our continued evolution as educators, innovators and researchers. I believe that developing a truly global mindset amongst our students, faculty and academics is key to the cutting edge theories and techniques from leading minds, whether they be in Australia or elsewhere. We must provide our students with opportunities to learn and experience different cultures and we must expose their minds to different ways of solving problems or adapting to change. We must also provide our students with the opportunities to work on real projects in partnership with leading domestic and global organisations. because we operate at the very forefront of business. Our teaching is grounded in the reality of what it means to work in business, not only in Australia but around the world. As we continue to evolve, my vision is for MGSM to be a business school which provides a truly international and dynamic perspective on leadership and management, and one where our students thrive because of our global profile and networks.. members of the C-suite, as well as entrepreneurs, continued success of our school and our students. At MGSM, we offer a progressive and practical Professor Alex Frino Dean Our programs equip the program and after they The multi-tiered program MGSM is one of the world s leading business schools and has an international outlook. This matches well with the needs of the modern manager, who is increasingly likely to develop a career that has a global focus. managers with the skills they need to excel at a high level in business. At MGSM you will be taught by world-class faculty many of whom have extensive experience in business at a senior level in addition to possessing stellar academic credentials. The faculty is well placed to guide students and to help them in practical problemsolving during their time in graduate and join MGSM s large alumni body. MGSM is very focused on providing students with a practical and applied learning experience. For instance, MBA students at MGSM can take a research-based unit that involves doing a supervised piece of research. They can also elect to join an international study tour as part of their study program. structure at MGSM, and the fact that we have campuses in Hong Kong and Sydney, creates the flexibility for students to move along at a pace of study that is suited to the individual. I look forward to welcoming you to MGSM. Professor Richard Petty Executive Director International 4

5 My objective was to transition from a technical field within the mining industry to a management role in the finance industry. The MGSM MBA was the door opener that I needed. MGSM Alumnus 1997 Matthew Walton Vice President, Commonwealth Bank of Australia 53 Photo: Lynton Crabb

6 MGSM & Macquarie University MGSM s main campus is located within the grounds of Macquarie University, one of Australia s leading universities. MGSM s facilities have been developed with the business-person in mind, but our students can also enjoy the many benefits of being associated with one of Australia s premier universities, such as access to the state-of-the-art library as well as sports and recreational facilities. Photo: Brett Cornish MGSM s Main Campus MGSM MGSM has an international reputation for excellence in management education and is consistently ranked by The Economist Which MBA? Survey as a leading business school in Australia, the Asia-Pacific region, and on a global stage. MGSM was established in 1969, one of the first business schools to be created in Australia, with the purpose of providing rigorous postgraduate education for managers and executives. We specialise in the delivery of a comprehensive suite of postgraduate and MBA degree programs designed to fulfil the needs of the management professional. Macquarie university Situated in the north-west of Sydney, Macquarie University has over 145,000 graduates and a current enrolment that exceeds 38,000 students. Macquarie University is one of Australia s most dynamic and progressive universities and is a leading institution for research in Australia. Macquarie University takes pride in its ability to deliver high quality programs that specifically meet the needs of industry and equip students with the skills and knowledge required to meet the challenges of modern society. Much has changed in the last 45 years, but our mantra for excellence has remained constant. 6

7 Why MGSM? Our postgraduate management education prepares students to operate at the frontier of business; providing a framework and a foundation for success in leadership across any function, in any country. REPUTATION MGSM is Sydney s leading business school and one of the top business schools in the world. The school has received the prestigious AACSB accreditation and is recognised internationally for outstanding academic quality that greatly strengthens the career development and remuneration of its students. Our MBA program ranks number 1 in the world for increase in salary, with students achieving an average 96 per cent increase on pre-mba salary (The Economist Which MBA? 2013). FLEXIBILITY Flexible and practical, our programs are above all an enriching educational experience. All of our courses are linked to form an integrated pathway with the opportunity to progress from one to another, leading ultimately to the MGSM Master of Business Administration (MBA). You can complete the MBA parttime in Hong Kong (typically two to three years). You can also choose to pause your study as your lifestyle or career dictates. Students can commence their study program in January or June each year. Content is delivered in block format and online, providing two distinct study options within the program. Our students study at our Hong Kong campus and can choose to study part of the course in Sydney (North Ryde and Sydney CBD). STUDENT QUALITY The maturity and experience of MGSM students are significant. In addition, MGSM students are from different academic, cultural and professional backgrounds. This diversity, aligned with the maturity of our student cohort, enriches the classroom environment making the MGSM MBA a unique and challenging experience. FOCUS Our faculty are dedicated solely to postgraduate education, are highly qualified and possess extensive industry experience, often combining business backgrounds with academic excellence. The MGSM teaching method is grounded in the realities of working in business. Highly practical, our teaching bridges the gap between theory and real-world application. AUTONOMY MGSM is one of the few remaining autonomous business schools in Australia. Our campuses are designed specifically to accommodate business professionals and our faculty only teach postgraduate content to professional students. 7

8 International Perspective Understanding how business operates in the global environment is a critical skill for any future business leader. At MGSM, it is our goal to develop leaders who have a truly global mindset and a real-world understanding of the international business environment. ACADEMIC PARTNERSHIPS CORPORATE CONNECTIONS COHORT DIVERSITY Our students represent OUR GLOBAL FOCUS Our broad range of electives MGSM enjoys relationships As one of Australia s most a variety of academic, includes units which address with universities around the connected business schools, cultural and professional the specific challenges world including ESSEC in MGSM partners with backgrounds. of doing business and France, European Business School in Germany and Tsinghua University s People s Bank of China School of Finance the first such agreement this prestigious Chinese university has signed with an Australian business school. Our exchange agreements with these universities offer our students the opportunity to study part of their program abroad. domestic and global firms to deliver a curriculum that is grounded in industry and reality. These business partnerships enable us to deliver highly innovative units such as the Living Case Study. This elective unit of study (within the MBA program) has seen MGSM students in Sydney entrenched in management consulting projects for major organisations such as Siemens, British Telecom and Pfizer. This diversity enriches the classroom experience and enables students to further develop their global mindset fundamental for any future business leader. Students also build a closeknit network of high calibre professionals from around the world. Such connections promote life-long learning and professional opportunities. competing across borders. By undertaking this suite of units, students are able to develop the knowledge and skills needed to succeed in international markets. MGSM824 Doing Business in/with China MGSM815 International Marketing MGSM879 Managing with a Global Mindset MGSM849 Raising Capital in Global Markets 8

9 I chose MGSM because of its strong international reputation and its emphasis on teaching the best global business practices. Within this, the program incorporated a specific focus on Asia which has been of great value to me. MGSM Alumnus James Osmund Director Digital Products Fox International Channels 9

10 Your MGSM experience Your MGSM experience is truly unique - you can choose where to study, when to study, how to study and what to study, tailoring your learning experience to suit your needs, your requirements and your lifestyle. Catering to the career demands of busy professionals, MGSM strives to offer its students postgraduate programs that are as flexible as possible. At MGSM you choose how to study, what to study and where to study. WHERE? NORTH RYDE SYDNEY CBD HONG KONG MGSM has three campuses, MGSM s main campus, The School s CBD campus is MGSM has developed a strong two in Sydney (North Ryde located in the picturesque located in the heart of Sydney footprint in Hong Kong, one and CBD) and one in Hong grounds of Macquarie near Circular Quay. The of Asia s most influential cities Kong. Students are able to University at Macquarie Park, campus provides students and centres of banking and take units at any of the three North Ryde is approximately with excellent study facilities finance. Our students can campuses. a 30-minute drive from and is often considered more elect to study units at our Sydney s CBD and is easily convenient for our part- Hong Kong campus as part accessible via all forms of time students working in or of any of the postgraduate public transport. The campus around the city. This campus programs offered by MGSM comprises modern teaching also includes excellently (units are taught in block facilities, state-of-the-art appointed teaching rooms format only). The campus is IT facilities, well-equipped and syndicate rooms, a located in Wanchai, in the syndicate rooms, on-campus computer room and catering heart of Hong Kong. catering and much more. facilities. 10

11 WHEN? MGSM s academic year runs from early January to mid- December and consists of four terms. Students can elect to enter the Program in Term 1 (January) and Term 3 (June). WHAT? Through our range of elective units, students are able to tailor the MBA to suit their specific needs and career aspirations. HOW? Each unit of study consists of 40 hours of lecture time in the form of block classes. Block classes allow students to study the face-to- face hours intensively over six days (two weekends) within the 7-8 week term. Online Interactive classes allow students to complete the course units without having to attend a physical class location. Highly interactive, each week students participate in activities using interactive tools which may include forums and wikis. To watch how it works, go to mgsm.edu.au/ online. STUDENT SUPPORT INDUCTION PROGRAM All new students are encouraged to attend Study Ready MGSM s induction program, conducted just before your first class. The program is designed to introduce you to the School s environment, prepare you for postgraduate study and simulate the MGSM learning environment. CAREERS MGSM Careers has a range of services available to students to assist them in navigating a successful career path. From expert guidance on how to obtain a great role, to new networking insights, workshops, recruiting events and more. MGSM Careers has forged relationships with many influential organisations, not only in Sydney and Hong Kong but on a global stage, such as; Microsoft, Pfizer, Optus, Siemens Pricewaterhouse Coopers, Woolworths and Rio Tinto. SCHOLARSHIPS MGSM has a number of scholarship opportunities available to our Australian and International students. We encourage you to review our broad range of scholarship opportunities online at mgsm.edu.au. 11

12 You re in good company The maturity and experience of MGSM s students are significant. This has seen MGSM consistently ranked as one of the top five business schools in the world for student quality (The Economist Which MBA? survey). MGSM students are mature professionals and highly motivated take their career further. Gender AGE RANGE (Years) 32% 35% % MALE FEMALE 5% 2% 3% Under 25 5% Over 50 2% % 9% % 15% Positions held at time of enrolment Years of work experience 10% 13% 9% % Executive CEO/MD Middle Manager 58% 1% 2-3 8% % Other 16% Coordinator % Source: New student data

13 Job function (%) at time of enrolment Engineering Executive/General Management HR Training & Development Information Technology Production/Manufacturing/Operations Professional Services Sales/Marketing/PR Other Industry where employed (%) Agriculture/Primary 1.0 Business/Professional Services 5.0 Finance/Banking/Insurance 17.0 Information Services Manufacturing Media/Advertising/PR 4.0 Pharmaceuticals/Healthcare 14.0 Public Services/Utilities 7.0 Wholesale & Retail trade 6.0 Other 17.0 Since first enrolling in the program (%) Changed Organisation Changed job description Been promoted Increased responsibility No change Studied fill-time Countries Represented ARGENTINA, AUSTRALIA, BRAZIL, CHILE, CHINA, COLOMBIA, CZECH REPUBLIC, ENGLAND, FRANCE, GERMANY, INDIA, INDONESIA, IRELAND, ITALY, JAPAN, LEBANON, MALAYSIA, MEXICO, NEW ZEALAND, PAKISTAN, PERU, RUSSIAN FEDERATION, SINGAPORE, SOUTH AFRICA, SRI LANKA, SWITZERLAND, UNITED KINGDOM, UNITED STATES OF AMERICA & ZIMBABWE. 13

14 Flexible pathway MGSM s suite of management programs are linked to form an integrated, flexible pathway, leading ultimately to the Master of Business Administration (MBA). Regardless of the entry point, all course units are taught at the same academic level as the MBA. FLEXIBILITY Our suite of programs offers the flexibility of multiple entry and graduation points, with the opportunity to progress from one program to another upon successful completion of each program. This building block approach allows you to tailor your study to match your experience and desired outcomes. Regardless of your entry point, all course units are taught at the same academic level as the MBA. Entry Requirements Individuals wishing to participate in an MGSM award program should possess an undergraduate degree, combined with a minimum of 2 years of work experience at a managerial/ professional level. Alternatively, individuals without an undergraduate degree can elect to begin their study at Graduate Certificate (GC) or Graduate Diploma (GD) entry point, and should demonstrate a minimum of 5 years of work experience at a managerial/ professional level. International applicants from non-english speaking countries are required to demonstrate proficiency in English. Lectures You will be required to attend all classes for the duration of each unit. However, exceptional circumstances are taken into consideration such as unavoidable travel on behalf of your organisation or the serious illness or injury of you or a close family member. Special consideration may be given for a maximum of 20% non-attendance in such circumstances. BLOCK CLASSES Typical examples of how a block model may be structured WEEK 1 PRE-READING WEEK 2 WEEK 3 DAY 1 FRIDAY 6.00PM 10.00PM DAY 4 FRIDAY 6.00PM 10.00PM DAY 2 SATURDAY 2.00PM 10.00PM DAY 5 SATURDAY 2.00PM 10.00PM DAY 3 SUNDAY 9.00AM 5.00PM DAY 6 SUNDAY 9.00AM 5.00PM WEEK 4 ASSIGNMENTS PROJECTS GROUP WORK STUDYING WEEK 5 ASSIGNMENTS PROJECTS GROUP WORK STUDYING WEEK 6 REVISION WEEK 7 EXAMINATION WEEK 8 BREAK 14

15 graduate certificate OF MANAGEMENT 4 course units Fundamental management skills are the focus of our Graduate Certificate of Management (GC). With a relevant and practical grounding in management delivered over four course units, students gain immediate career advancement opportunities. The Graduate Certificate of Management is designed specifically for students who want to pursue management studies, but may not meet the entry requirements for the MBA program or wish to ease back into study before committing to the MBA. You may also credit successfully completed units towards the Graduate Diploma or MBA programs. graduate diploma OF MANAGEMENT 8 course units The purpose of the Graduate Diploma of Management (GD) is to provide students with expert insight into a broader range of core management skills and competences. This program is designed for tomorrow s business leaders and those who want to consolidate work experience or advance their career. The GD provides an ideal starting point if you need a thorough grounding in theory to progress, or have been away from study for some time. You may also credit successfully completed units towards the MBA program. master of business Administration (MBA) 16 course units Providing a complete grounding in the core elements of general management, this program extends, challenges and ultimately, transforms today s management professional. Over the course of 16 units, you can tailor your qualification by selecting six elective units, enabling you to deepen your knowledge within a certain field. As flexible as it is dynamic, this program is designed to suit professionals with high management and leadership promise, who already hold positions of responsibility. 15

16 Graduate Certificate of Management Designed specifically for those wishing to learn or update their knowledge on core elements of business management. The Graduate Certificate of Management consists of 4 core units targeted to assist students in developing a thorough understanding of key business practices related to people, finance, marketing and strategy. WHO IS IT DESIGNED FOR? The Graduate Certificate is designed for ambitious professionals who occupy or are planning to occupy functional leadership or senior management roles. This program provides an ideal starting point for students who want to pursue management studies at a postgraduate level but may not yet meet the entry requirements for the MGSM MBA, or for those who may have reservations about committing to a full MBA in the short term. PROGRAM LENGTH & MODE You can complete the Graduate Certificate in 6-12 months part-time. Graduates will be awarded the Graduate Certificate of Management by Macquarie University, which has the same academic standing and recognition as the Sydney qualification. Upon successful completion of the Graduate Certificate students can opt to progress to the Graduate Diploma. All units completed under the certificate will count as credits towards the diploma level. Registration No CRICOS course code: C Organisational behaviour Marketing management Accounting for management Strategic Frameworks 16

17 Graduate Diploma of Management Providing a deeper insight into key elements of business management, the Graduate Diploma consists of 8 core units specifically chosen to ensure that students develop the necessary knowledge and skills to occupy senior leadership roles. This program will allow you to gain a holistic understanding of the business environment and provide the tools to help students enhance their professional performance and advance their career. WHO IS IT DESIGNED FOR? The Graduate Diploma is designed for ambitious professionals who occupy or are planning to occupy functional leadership or senior management roles. This program can also serve as a starting point for students who want to pursue management studies at a postgraduate level but may not yet meet the entry requirements for the MGSM MBA, or for those who may have reservations about committing to a full MBA in the short term. PROGRAM LENGTH & MODE You can complete the Diploma in months part-time. Graduates will be awarded the Graduate Diploma of Management by Macquarie University, which has the same academic standing and recognition as the Sydney qualification. Upon successful completion of the Graduate Diploma students can opt to progress to the Master of Business Administration (MBA). All units completed under the Diploma will count as credits towards the MBA program. Registration No CRICOS course code: B Organisational behaviour Marketing management Accounting for management strategic frameworks information & decision analysis Economic context of management Financial Management Operations Management 17

18 Master of Business Administration (MBA) Ranked among the world s top 100 MBA (The Economist Which MBA?), an MGSM MBA is a transformational experience. The program is designed to extend the knowledge, skills and experience of its students through the analysis of problems and challenges facing industries and organisations. Covering all key aspects of business management, the MGSM MBA curriculum is grounded in industry reality which, combined with a highly practical approach, bridges the gap between theory and real world application. As flexible as it is practical, over the course of 16 units, you can tailor your experience by selecting 6 elective units, enabling you to deepen your knowledge within a certain field. WHO IS IT DESIGNED FOR? This program is designed for professionals with high management and leadership promise, who already hold positions of responsibility. PROGRAM LENGTH & MODE You can complete the MBA in 2-3 years of part time study. The eight units that comprise the Graduate Diploma of Management are to be studied first. Upon completion, Graduates will be awarded the MBA by Macquarie University, which has the same academic standing and recognition as the Sydney qualification. Registration No CRICOS course code: A Organisational behaviour Marketing management Accounting for management Strategic Frameworks information & decision analysis Economic context of management financial management Operations management Foundations of Management Thought Strategic Management Elective unit 1 Elective unit 2 Elective unit 3 Elective unit 4 Elective unit 5 Elective unit 6 18

19 Choose your electives When studying the MBA you will have the ability to tailor your program to suit your specific needs, objectives and career aspirations by choosing six elective units. MGSM s selection of elective units enable you to tailor your MBA program. Our elective units assist you in developing skills that will enable you to change the course of your career or to strengthen your perceived weaknesses. You may wish to select elective units that will enhance your knowledge base within your current industry and/or chosen field or, of course, simply choose units that appeal to your personal interests. When selecting from MGSM s elective units the choices you make are yours, however we have recommended the following areas of business that you may wish to consider tailoring your study towards and the nominated units that will suit each area: FINANCIAL STRATEGY Business Performance Measurement and Management Entrepreneurial Finance Investment Management Raising Capital in Global Markets Report 1 Report 2 MARKETING Advertising and Promotions Management Consumer Behaviour International Marketing Report 1 Report 2 PEOPLE AND PERFORMANCE Leadership and Motivation Managing with a Global Mindset Strategic HR Management Report 1 Report 2 GLOBAL PERSPECTIVES International Marketing International Perspectives: Study Tour Managing with a Global Mindset Raising Capital in Global Markets Report 1 Report 2 China Study Tour MGSM has conducted an annual China Study Tour for almost a decade. This two-week guided study tour to China, typically in the spring, represents a truly fantastic opportunity for participants to gain hands-on insights into the unique attributes of Chinese markets. The Study Tour learning (representing two units towards the MBA program) examines the key challenges and best practices in both local and foreign companies operating in China, and will take place in a live environment, engaging with senior executives and managers from within leading organisations in China. 19

20 Course unit directory Below is a brief synopsis of each of the units (foundation and elective). Foundation units are offered every year, but some electives may not be offered each year. Accounting for Management MGSM840 This unit equips managers with the skills and tools to construct, analyse, interpret and act upon the accounting and financial information produced within a business. This discussion and analysis begins with the three financial statements targeted at external users: the Profit and Loss Statement, the Balance Sheet, and the Statement of Cash Flows. The unit then proceeds into the analysis, interpretation, and the use of management accounting information for the purpose of managerial decision making. Real life complexities in the decision making process are highlighted. Advertising and Promotions Management MGSM818 Prerequisite: MGSM820 Marketing Management This unit focuses on providing the tools for managers to be able to critically evaluate promotional strategies that are presented to them. The unit is designed to give a clear understanding of the setting of promotional objectives and the development of creative and media strategies employed by small to large organisations. It explores some of the fundamental theories that underpin marketing communications and current day leading-edge promotional campaigns that have successfully created major impact in their respective markets. It analyses key strengths and weakness of each of the major media vehicles, examining current trends in consumer and advertiser usage patterns. Business Performance Measurement and Management MGSM842 Prerequisite: MGSM840 Accounting for Management This unit discusses developments in the effective measurement and management of business performance. It aims to provide participants with: technical expertise in the application of measurement tools; an ability to critically evaluate performance measurement and management alternatives; and an understanding of how to design performance measurement systems to achieve their intended objectives. Topics covered include: managing effectively through the financials ; shareholder-value based frameworks including EVA ; integrated performance measurement including the balanced scorecard; and the management of intangibles and corporate social responsibility. Consumer Behaviour MGSM819 Prerequisite: MGSM820 Marketing Management Innovating is at the core of successful enterprises today whether start-ups or Fortune 500 companies. Adopting a customer perspective is a guiding principle for successful business model design. A desirable, viable and feasible product or service innovation requires deep customer empathy. This unit explores key concepts in design innovation based on the human-centred approach called design thinking that provides a managerial framework to apply classical consumer behaviour theories in practice. This unit will introduce students to the tools and practices of innovation, deep customer insight, and design thinking in real world applications. This unit is based on experiential learning, i.e. learning by doing. Economic Context of Management MGSM845 This unit introduces you to basic tools of economic analysis such as supply and demand and the Keynesian model of the economy together with a discussion of the role of economic policymakers in the Australian economy and tracing out how changes in economic conditions (particularly those arising overseas) work their way through the economy and affect individual businesses. Entrepreneurial Finance MGSM847 Prerequisite: MGSM840 Accounting for Management Entrepreneurial Finance examines the theory and practice associated with the financing of new ventures. This unit explores sources of funding, risk, venture capital financing terms and models, value creation, and exits. This study of entrepreneurial finance will enhance your ability to finance and launch new ventures, from both the viewpoints of the entrepreneur and external investors. Case studies will feature throughout the unit and entrepreneurs and investors will make presentations during this unit. Financial Management MGSM835 Prerequisite: MGSM840 Accounting for Management The fundamentals of financial management are introduced from the perspective of the finance manager in a firm, namely those making investment, financing and dividend decisions. Finance theory is applied with the aim of providing a coherent framework and insights to assist in forming reasoned judgements. Case studies and financial planning models are used to provide context. The unit covers methods used in evaluating investment projects, assessing risk for competing projects, valuation and capital structure. Foundations of Management Thought MGSM880 This is a unit that examines management in the context of the history of Western thought. It details, clarifies and deepens our understanding of the role of rationality, science, democracy, culture and communication in managing organisations. Various philosophies of management are pursued through a critical analysis of the contribution of distinguished writers: Homer, Plato, Machiavelli, Descartes, Hume, Marx, Nietzsche, Sartre and Heidegger. The unit has been designed to convey the view that what is important about any explanatory perspective is not what it explains, but what it assumes. A central aim of the unit is, 20

21 therefore, to encourage students to uncover assumptions, analyse them critically and build personal perspectives. The following three assumptions, which govern the unit, should be especially noted. First, managing is essentially a philosophical activity because the world is interpreted through different perspectives. Second, there is no authoritative criterion for determining that one perspective is more valid than another. Third, management training needs to be combined with management education. To train is to instruct, drill and subordinate individuals to routines, standards, practices. To educate is to develop the intellectual, moral and aesthetic powers of individuals. Information and Decision Analysis MGSM960 This unit presents the necessary tools and technological skills to enable the modern business manager to assess practical problems that arise in the workplace and to solve them with the aid of appropriate quantitative techniques. Topics covered include the development of statistical expertise, and data analysis and modelling for both strategic planning and tactical decisionmaking. It also covers the efficient use of all resources to enhance the effectiveness of management. The overall aim is to improve the reliability of decisions made and to better enable an appropriate strategy to be adopted through the use of scientific method. International Marketing MGSM815 Prerequisite: MGSM820 Marketing Management This unit addresses the important conceptual and practical issues which confront the domestic business when it decides to market its products (goods and/ or services) in foreign countries. Studies include important macro business environmental differences, market entry modes, and international marketing strategy and programs, in addition to the practical problems encountered in implementing international marketing strategies and marketing programs in foreign countries. International Perspectives: Study Tour MGSM989 In this unit students participate in an overseas study visit to currentedge organisations, adopting a project-based experiential learning approach. The unit strives to provide a deep-level learning experience and strike a balance between academic, professional, cultural and intercultural learning. In recognition of participants varied interests, this subject is approached on a self-directed learning basis. Study visits embrace various focuses on key challenges and best practices in the areas of socially-responsible global leadership development, government/business relationship development and management, international business/marketing strategies, intellectual property protection, knowledge management, talent development and management, operations and technology. investment management MGSM836 Prerequisite: MGSM840 Accounting for Management and MGSM835 Financial Management This unit develops a conceptual framework in the understanding of modern investments. MBA students learn about the investment industry, the riskreturn relation, asset allocation between risky and risk-free assets, and the construction of optimal portfolios. The unit also provides insights in terms of models that explain the cross-section of stock returns, articulating and considering the market efficiency debate, differences between behavioural finance and rational expectations, bond portfolio management, and portfolio insurance techniques (i.e. hedging with derivatives). The unit concludes by examining portfolio performance measurement as the final step in the investment process. Leadership and Motivation MGSM876 This unit explores the practices and philosophies underpinning leadership and motivation, encouraging students to develop integrativelycomplex thinking. Case studies from around the world enable participants to evaluate theoretical and empirical contributions to leadership while reflecting on their own leadership and motivation practices. The unit focuses on leadership s important contribution to high performance and resilience in an enterprise, with particular emphasis on sustainable leadership practices. The overriding objective is to equip students with a theoretical understanding and set of tools and frameworks that enable them to diagnose leadership issues and propose responsible solutions in complex, diverse global contexts. Management of Innovation MGSM897 Innovation can happen through new products and services, new markets and new processes. Within this context, today s innovators are seen as entrepreneurs as well, and in this unit, the key theories and research on innovation and entrepreneurship are reviewed and synthesized with emphasis on the practice of both these areas applied in a broader context. Areas covered include the study of innovation as a process; sources, adoption and diffusion of innovation; open innovation; risks of technology transfer; social entrepreneurship; creation of growth and sustainability; and interfaces between innovation, entrepreneurship and business competitiveness. Managing with a Global Mindset MGSM879 This unit will equip participants with the knowledge and skills that are central to developing a global mindset. In a global context we need to be able to bounce back very quickly from the surprise of unexpected and unfamiliar ways of doing things to lead people who do things in a way other than our own. The unit shall focus on developing the competencies to work across difference, develop psychological flexibility, intellectual, psychological and social capital for managing people who have unfamiliar ways of doing things. These differences can be experienced abroad or at home. Marketing Management MGSM820 The marketing function of any company forms a bridge between its internal structures, resources and goals and the external market place in which it operates. Through marketing we facilitate an exchange with customers, i.e. understanding what customers need and providing it profitably and sustainably. In every market across the globe, leading companies are those that have an intrinsic understanding of their customers and use this understanding to shape their market winning strategies. MGSM820 provides participants with tools, techniques and frameworks to assist in managerial decision-making in relation to the marketing function. This includes identifying markets and segments, understanding consumer behaviour, strategic targeting and positioning and the latest approaches to product, pricing, distribution and communications. Above all, this unit teaches participants 21

22 Course unit directory (continued) how to think about the marketing function in relation to the business as a whole in order to create sustainable value for the firm and its stakeholders. Operations Management MGSM890 This unit examines the key issues currently facing all service and manufacturing organisations when creating the products and services. A primary aim of the unit is to illustrate the principles involved in effectively creating a value proposition and how the value transformation process is managed in the organisation and across the value chain. The unit will also examine the strategic contribution that operations management can make to the organisation s long-term success. After placing the activities required of the operations manager into a conceptual framework, the practical issues and difficulties in making operations decisions are examined. Included are the areas of product design conversion processes for making goods and services, planning and control, the impact of e-commerce on operations, supply chain management, and improvement activities. Organisational Behaviour MGSM870 Organisational behaviour (OB) is a multi-disciplinary field that utilises insights from psychology, sociology, anthropology, social psychology, and economics to study human behaviour within organisational settings. Given the importance of understanding human behaviour in the workplace, this unit aims to engage students to explore and critically examine insights about human behaviour at work to better manage and improve organisational capabilities and performance. The unit covers micro- (such as individual foundations, perceptions, attitudes and motivation), meso- (such as communication and team dynamics), and macro-level (such as culture, change, power and leadership) perspectives of OB, as well as ethics and CSR. Raising Capital in Global Markets MGSM849 This unit is concerned with the way in which capital is raised by corporations in the world s major markets. This includes a detailed examination of IPO s and equity offerings which can be undertaken. The rules and regulations surrounding the issue of various forms of capital will be examined. The three largest equities markets in each of the Asian, European and American time-zones will be examined, namely HK, UK and USA capital markets. This unit is also concerned with the processes which turn orders into trades in securities markets, and the forces which mould and affect both order flow and order execution. At the end of the unit, students should be able to understand (1) how the international markets for various securities including foreign exchange, swaps, bonds and equities are organised, (2) how trading is conducted in these markets and how these transactions are cleared, (3) how the markets are regulated, if they are supervised and what risks different counterparties face in these markets. The unit aims to equip students to independently analyse international investment and financing alternatives and to estimate expected returns and costs taking into account liquidity risk, price volatility and credit risk. The unit will be taught in four separate modules within four separate countries. Report 1 MGSM950 This is an individual thesisstyled unit requiring a report of approximately 10,000 words on a research project. Identification of client, subject and thesis content is to be negotiated with a nominated MGSM academic supervisor and approval given by the MGSM Director Higher Degrees Research prior to commencement of this unit. The aim of this unit is to provide experience with in-depth research on a specific topic. Along with systematic development of a topic of research, students gain experience in the execution, analysis and presentation of a research project. Students are encouraged to publish their findings. Report 2 MGSM951 Available to MBA students only. Prerequisite: MGSM950 Report 1 This is an individual thesisstyled unit requiring a report of approximately 10,000 words on a research project. Identification of client, subject and thesis content is to be negotiated with a nominated MGSM academic supervisor and approval given by the MGSM Director Higher Degrees Research prior to commencement of this unit. The aim of this unit is to provide the student with further experience with in-depth research on a specific topic. Along with systematic development of a topic of research, students gain experience in the execution, analysis and presentation of a research project. Students are encouraged to publish their findings. Strategic Frameworks MGSM850 This unit compares the major frameworks and concepts in the discipline of strategy. Key strategic issues are explored from the perspective(s) of the most appropriate framework(s) and concept(s), and problem solving techniques are employed. You will learn why organisations change their strategic direction, the importance of those changes, and the process that leads to such key decisions. This unit will help you develop your leadership qualities that produce organisations which are resilient and competitively sustainable. Strategic Human Resource Management MGSM800 Contemporary organisations both large and small are confronted with dramatic changes in their environment government intervention, globalisation and increased competition, workplace diversity, population trends, evolving social standards and the search for talent. To effectively adapt to these changes, organisations need well-designed and wellexecuted HRM policies which enable them to attract, develop, reward, motivate and retain a stable core of high-performing employees. This unit explores contemporary human resource management within this environment. Students will learn the foundation theories of strategic HRM and they will then learn to evaluate and implement these policies and practices into their organisations. Casebased and practical learning is a feature of this unit. 22

23 Strategic Management MGSM860 Available to MBA students only. Prerequisite: MGSM850 Strategic Frameworks This unit is fundamentally concerned with the many managerial plans and actions involved in companies quest to gain and sustain competitive advantage over rivals, how they might stay in fit with everchanging environments, and how they manage change. This is a capstone unit that draws from a range of different disciplines and brings together much of the concepts/ideas/subjects that you have been exposed to in earlier units. The purpose of this unit is to help you develop your own point of view on the formulation and implementation of strategy and on the roles and tasks of strategic leaders. Information in this publication is correct as at August 2014 but is subject to change from time-totime. In particular, the University reserves the right to change the content or the method of presentation of any unit of study, or to withdraw any unit or course of study which it offers, or to impose limitations on enrolment in any unit or course of study or to make amendments to any of its policies. Please note that not all units are offered every year. Without the MBA I do not believe that I would be in the position that I am today. MGSM Alumnus Steve Cox Managing Director: Dymocks 23

24 Admission information Entry Requirements MGSM is renowned for the high standard of its students. To maintain this standard, the following entry requirements are in place. Applicants for the MBA who have substantial work experience but do not have a degree may commence studies at the Graduate Diploma of Management level. On successful completion of the Graduate Diploma of Management, and based on a high level of achievement, students may apply to progress to the MBA program. MBA graduate diploma OF Management graduate certificate OF Management Direct entry A degree from a recognised university (or equivalent) and a minimum of two years of relevant work experience (e.g. managerial/professional). a) a degree from a recognised university (or equivalent) and a minimum of two years of relevant work experience (e.g. managerial/professional); OR b) for those without a degree, a minimum of five years of relevant work experience (e.g. managerial/professional) supported by evidence of professional attainment. a) a degree from a recognised university (or equivalent) and a minimum of two years of relevant work experience (e.g. managerial/professional); OR b) for those without a degree, a minimum of five years of relevant work experience (e.g. managerial/professional) supported by evidence of professional attainment. indirect entry Articulation via successful completion of the Graduate Diploma of Management. Articulation via successful completion of the Graduate Certificate of Management. Referee reports providing information on experience, managerial potential and achievements must be submitted with all applications. 24

25 English Language Requirements Applicants who have not undertaken recognised studies taught in English (e.g. degree, etc), are required to demonstrate proficiency in English. English language tests recognised by MGSM are as follows: the Academic Module of the International English Language Testing Service (IELTS) test, Test of English as a Foreign Language (TOEFL), including The Written Examination (TWE) component. Applicants should arrange their own test and gain at least the required score. Macquarie University English Language Centre is an IELTS test centre and also conducts intensive English (ELICOS) programs for students who are preparing for university entry. For information about IELTS test schedules, contact ELC on: Telephone: ielts@mq.edu.au Website: Test IELTS Academic (General test not accepted) TOEFL internet Required score 6.5 overall (Minimum 6.0 in each band) 90 overall 20 in Listening 22 in Structure/Writing 20 in Reading 20 in Speaking TOFEL Paper Overall 570 Minimum scores of Listening 53, Writing 59, Reading 52 and Essay Writing 4.5 MGSM reserves the right, in addition to the above, to administer further testing. RECOGNITION OF PRIOR LEARNING (RPL) Applicants who have previously undertaken studies in management or a related field at other institutions may be eligible for Recognition of Prior Learning (RPL). There are two forms RPL with credit and with substitution. RPL is not granted for studies completed more than 10 years ago. Applicants wishing to apply for RPL should complete the RPL Application form at Applicants who have successfully completed one or more units at a postgraduate level in a recognised institution, where the program of studies is considered substantially equivalent in content to a unit of the MGSM MBA program, may be considered for credit on the recommendation of the Director, Academic Programs. The maximum RPL granted for completed postgraduate studies is up to 50% of the equivalent MGSM program. This equates to: a maximum of two units toward a Graduate Certificate of Management program; a maximum of four units toward a Graduate Diploma of Management program; a maximum of eight units towards an MBA program. Applicants who have sucessfully completed studies with a major in a particular subject area may be granted RPL with substitution, to substitute one unit with another unit. Qualifications from Professional Bodies Qualifications from the following professional bodies are also recognised for RPL with credit as specified below: ICAA /CPA Candidates who have completed the Chartered Accountants Program of the ICAA or CPA. Institute of Actuaries of Australia Candidates who have completed the IAA Fellowship program. RPL Assessment and Notification Academic staff assess applications for RPL on a case-bycase basis. The granting of RPL is not guaranteed and the following factors are relevant to the decision: the reputation of the institution and the quality of program undertaken; unit content; assessment methods e.g. group work, individual work, exams, etc; hours of total student workload (including face-to-face hours); and the final grade achieved in the unit. IT Requirements In order to gain the maximum benefit from programs offered by MGSM, students are required to have access to a computer with internet access. In addition, it is a requirement for some classes that students have access (per syndicate group) to a suitable laptop during classes. 25