Master of Business Administration Program in International Business International Program (Year 2007)

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1 Master of Business Administration Program in International Business International Program (Year 2007) 1. Name of Curriculum Master of Business Administration Program in International Business (International Program) 2. Name of Degree Master of Business Administration (International Business) M.B.A. (International Business) 3. Responsible Institution Faculty of Commerce and Accountancy Thammasat University 4. Rationale and Objectives 4.1 To prepare students for careers in international business and to be an entrepreneur under the dynamic changing environment and globalization. Students should be also able to apply theories and experiences to real business with effectiveness. 4.2 To prepare students to be an entrepreneur and to have career in international business students who graduated from the program should be able to communicate in Chinese or Japanese according to their chosen track. 4.3 To focus on culture, society, economic, environment and international and global business. The program is an international program. 4.4 To widen students perspectives in social responsibilities, corporate governance and ethics. 5. Time Schedule: The Master of Business Administration Program (International Program) will start in the academic year of Admission Requirements Students applying for admission to the Master of Business Administration Program (International Program) must meet the following requirements: 6.1 Have at least a Bachelor s Degree in any field from a university formally recognized by the Thammasat University Council. 6.2 Have working experience at least 1 year 6.3 Meet the requirements indicated in Item 8 of the Thammasat University Graduate School regulations (1998). 7. Selection Criteria The Qualified Master of Business Administration Program (International Program) students must: 7.1 Hold at least a Bachelor s Degree in any field 7.2 Have a valid TU-GET score (550 or above) or TOEFL (550 or above for paper-based or 213 or above for computer-based) or IELTS (6.0 or above) not older than 2 years 7.3 Pass written entrance exam (GMAT Style) or have GMAT score at least 80% in quantitative part (not older than 5 years) 7.4 Pass Interview Exam 8. Program Structure 8.1 Master of Business Administration Program (International Program) operates on an evening - trimester system, as follow 1 st Semester : September December 2 nd Semester : January - April 3 rd Semester : May - September

2 8.2 All classes will be conducted in English at Thammasat University Tha Prachan Campus, Rangsit Campus, or other places specified by the Faculty of Commerce and Accountancy 8.3 To successfully complete the Master of Business Administration Program (International Program), students must obtain not less than 51 credit hours for both Plan A. and Plan B. 8.4 The Curriculum fields are available, as follows International Business China Track and Japan Track Plans are available, as follows Plan A. Thesis : Plan A. student will conduct and defend a research project (in English) which is equivalent to 12 credits and study 39 credits of coursework. Plan B. Non-thesis : Plan B. student will conduct and defend an Independent Study in English which is equivalent to 6 credits (GI790 and GI791) and study 45 credits of coursework The student must receive a P in English Proficiency The student must receive a P in Mandarin and Japanese Proficiency (International Business) Students are eligible to register for thesis (Only Plan A.) after meeting these requirements : - Receive a P in English Proficiency. - Study at least 2 semesters or successfully complete at least 12 credits - Have a G.P.A. of at least In order to maintain the standard for doing research, the Faculty will appoint academic advisors with the following requirements to monitor and advise the student choosing Plan A : - advisor or co-advisor with Ph.D. or holding academic ranking not less than associate professor in related field and - advisor or co-advisor must also have experiences in conducting research, but not part of his or her previous work for degree, in such field After the student completed his or her outline of thesis with approval from academic advisors, the Faculty will appoint committee to review the outline. The committee consists of 3 persons at least : academic advisor; at least one faculty member ; outsider-person who also has the same academic qualification as advisor or co-advisor, mentioned in For oral-defending a thesis, it will be conducted by the committee appointed in Adding or changing person in the said committee may be possible only in necessary and inevitable situations Also, writing and defending thesis must comply with the Thammasat University s Regulation on Graduate Study (1985) Students are eligible to take the comprehensive examination (Only Plan B.) after meeting these requirements : - Successfully complete the following 6 MBA Core Courses 18 Credits: GI600, GI601, GI602, GI603, GI604, GI605 - Have a G.P.A. of at least Students must pass the comprehensive examination with a grade of P in no more than 3 attempts. If they fail to do so, they shall be dismissed from the Graduate School Students are eligible to register for GI 790 Independent Study (Only Plan B.) after meeting these requirements : - Successfully complete the following 6 MBA Core Courses18 Credits: GI600, GI601, GI602, GI603, GI604, GI605

3 - For independent study examination, program are required to have independent study committee which includes internal and external professor in Thammasat University Faculty of Commerce and Accountancy s Graduate Studies Committee may allow students to transfer any of the total coursework regarding to the requirements indicated in Item 16 of the Thammasat University Graduate School regulations (1998) 9. Length of Study To complete the Program, students must be registered for not more than 16 semesters 10. Registration It is a must for evening program students to register not less than 3 credit hours and not more than 9 credit hours per trimester regarding to the requirements indicated in Item 11 of the Thammasat University Graduate School regulations (1998) 11. Student Assessment Details of the grading system will be in accordance with Thammasat University s regulation number 13 for graduate studies, Assessment The nine final course grades are as follows : Grade A A- B+ B B- C+ C D F Point Total credits counted include courses with S or at least C only For Thesis and Independent Study, there are S for satisfactory and U for unsatisfactory For Pre-courses, Comprehensive and Foreign Language Examination (English, Mandarin, Japanese), there are P for pass and N for not pass Referring to Item 13 of the Thammasat University Graduate School regulations (1998) for other conditions 11.2 Graduation Requirements For a student to be awarded a Master of Business Administration Program (International Program), he or she must fulfill the following requirements: The student must complete all courses according to the Master of Business Administration Program in International Business (International Program) Curriculum and follow all rules, regulations of the Faculty of Commerce and Accountancy, Thammasat University The student must attain a minimum cumulative grade point average of The student must receive a S in Thesis (Plan A.) and Independent Study (Plan B.) The student must receive a P in the comprehensive examination. (Plan B.) The student must receive a P in the foreign language examination International Business Students China Track: English and Mandarin Japan Track:: English and Japanese The student must receive P in Pre-courses For student choosing Plan A (Thesis), his or her thesis or part of the thesis must be published or being accepted to be published in an academic journal or academic publication or being presented in an academic conference, which also has a proceeding thereafter The student must fulfill other requirements for graduation according to the Thammasat University s Regulation on Graduate Study (1985).

4 12. Lecturers (Details are shown at the back of the curriculum) 12.1 Curriculum Supervisor (IB) Assoc. Prof. Thongchai Suntivong BA (Business Administration) / Thammasat University B.Sc. (Accountig) / Thammasat University CPA (Certified Public Accountant) MBA (Management) / Michigan State University, USA Assoc. Prof. Dr.Kaewta Rohitratana B.B.A. (Industrial Management) / Thammasat University M.B.A. / Chulalongkorn University Ph.D. (Management Science), Lancaster University, United Kingdom Dr.Karndee Prichanont B.Eng. (Industrial Engineering) / Sirindhorn International Institute of Technology, Thammasat M.S. (Industrial Engineering) / Wisconsin-Madison, U.S.A. Ph.D. (Industrial Engineering / Wisconsin-Madison, U.S.A Curriculum Committee (IB) Assoc. Prof. Thongchai Suntivong BA (Business Administration) / Thammasat University B.Sc. (Accountig) / Thammasat University CPA (Certified Public Accountant) MBA (Management) / Michigan State University, USA Asst. Prof. Dr.Kaewta Rohitratana, B.B.A. (Industrial Management) / Thammasat University M.B.A. / Chulalongkorn University Ph.D. (Management Science), Lancaster University, United Kingdom Dr.Karndee Prichanont, Lecturer B.Eng. (Industrial Engineering) / Sirindhorn International Institute of Technology, Thammasat M.S. (Industrial Engineering) / Wisconsin-Madison, U.S.A. Ph.D. (Industrial Engineering / Wisconsin-Madison, U.S.A. Asst. Prof.Dr. Pavida Pananond B.A. (Accounting) / Chulalongkorn University M.B.A. / McGill University, Montreal, Canada Ph.D. (International Business Policy) / University of Reading, U.K. Mr.James Paul Fitzpatrick B.B.A./Northeastern University, Boston Massachusetts M.B.A./Babson College, Wellesley, Massachusetts

5 13. Number of Students (Expected) Year New Students Existing Students Total Students Graduated Students Places and Facilities It cover Thammasat University Tha Prachan Campus, Rangsit Campus, or other places specified by the Faculty of Commerce and Accountancy. 15. Libraries Research can be done in 4 libraries below. They provide textbooks in monetary economics, public finance and business finance, theses, journals and other academic related publications both national and international. 1) The library of the Faculty of Commerce and Accountancy = 41,000 items 2) The library of the Faculty of Economics = 60,000 items 3) The Main University Library (Pridi Banomyong Library) = 100,000 volumes 4) Puey Ungphakorn Library (Rungsit Campus) = 50,000 items In addition, databases necessary for conducting financial researches are provided as follows: 1. ABI/INFORM 2. EMERALD 3. Nexis 16. Cost Each student is required to pay approximately 490,000 Baht for the entire 2 years program. The program is self financed. 17. Curriculum The Hundreds The Tens The program requires program evaluation in every five years 5 Pre-courses 6 Post graduate fundamental subject 7 Post graduate advanced subject or Pre requisite subject 8 Thesis 0-2 Core- Courses 3 Area Studies Courses (International Business) 4 Area Specialization Courses (International Business: China Track) 5 Area Specialization Courses (International Business: Japan Track) 6 Area Specialization Courses (GE Track) 7 Elective Courses 8-9 Other 0-9 Subject order of each course cluster

6 17.1 Total 51 Credits 17.2 Study Plan Study Plan For International Business Plan A (Thesis) Plan B (Non-Thesis) 1.Pre-courses 2.MBA Core Courses 3.International Business Required Courses 4.Area Specialization Courses 5.Thesis No Credit 21 Credits 9 Credits 9 Credits 12 Credits 1.Pre-courses 2.MBA Core Courses 3.International Business Required Courses 4. Area Specialization Courses 5.Elective Courses 6.Independent Study No Credit 21 Credits 12 Credits 9 Credits 6 Credits Total 51 Credits Total 51 Credits 17.3 Subjects Pre-courses To understand the basic business characters, students are required to study 2 pre-courses (non-credit). For those who have strong business background might waive GI500 upon the consideration of Master of Business Administration Program (International Program) s committee. Code Courses Credit Hours GI500 Intensive Business 1 and 3(3-0-9) GI501 Intensive Business 2 3(3-0-9) MBA Core Courses The students who choose either Plan A or Plan B must earn up to 8 subjects of core courses equivalent to 21 credits. Code Courses Credit Hours GI600 Business Economics 3(3-0-9) GI601 Accounting for Management and Decision Making 3(3-0-9) GI602 Marketing Decisions 3(3-0-9) GI603 Financial Decisions 3(3-0-9) GI604 Management Research 3(3-0-9) GI605 Logistics and Operation Management 3(3-0-9) for Decisions Making GI606 Corporate Governance and Corporate 1.5( ) Social Responsibility GI607 Organization Development: 1.5( ) Teams and Leaderships Area Studies Courses International Business Required Courses The students who choose either Plan A must earn up to 9 credits and The students who choose either Plan B must earn up to 5 subjects 12 credits

7 International Business Required Courses Code Courses Credit Hours GI630 Macro Environment in the Global Economy 3(3-0-9) GI631 International Organization Behavior 3(3-0-9) GI632 Global Strategic Management 3(3-0-9) GI730 International Marketing Decisions 1.5( ) GI731 International Financial Decisions 1.5( ) Area Specialization Courses (International Business Track) The students who choose either Plan A or Plan B must earn up to 4 subjects 9 credits (China Track) Code Courses Credit Hours GI640 Society and Political Economy of China 3(3-0-9) GI641 Chinese Business System & Management 3(3-0-9) GI642 Current Issues in Chinese Business 1.5( ) GI643 Doing Business in China 1.5( ) OR Area Specialization Courses (Japan Track) Code Courses Credit Hours GI650 Society and Political Economy of Japan 3(3-0-9) GI651 Japanese Business System & Management 3(3-0-9) GI652 Current Issues in Japanese Business 1.5( ) GI653 Doing Business in Japan 1.5( ) Elective Courses International Business The students who choose Plan B (International Business 0r Global Entrepreneurship) must earn up to 3 credits. Code Courses Credit Hours GI661 Entrepreneurial Management 3(3-0-9) GI760 Creativity and Business Innovations 3(3-0-9) GI770 Seminar in International Business I 3(3-0-9) GI771 Seminar in International Business I 3(3-0-9) Thesis For those students who choose Plan A.(thesis) have to fulfill 12 credits of thesis with the S result Code Courses Credit Hours GI800 Thesis 12 credits

8 18. Study Plan Independent Study For those students who choose Plan B. (non-thesis) have to fulfill 6 credits of Independent Study instead of doing thesis Code Courses Credit Hours GI790 Independent Study 1 3 credits GI791 Independent Study 2 3 credits Plan A International Business semester Courses Pre-course Year 1/1 Year1/2 Year 1/3 Year 2/1 Year 2/2 Year 2/3 Total Course Credit Course Credit Course credit Course Credit Course Credit Course Credit Course Credit Course Credit 1. Pre-Courses * 2. MBA-Core Courses International Business Required Courses Area Specialization Courses Thesis Total * No Credits Pre-Courses GI500 Intensive Business 1 GI501 Intensive Business 2 (Pre-course) Total 6 Credits(No Credit) Year 1 Semester 1 GI600 Business Economics GI601 Accounting for Management and Decision Making GI602 Marketing Decisions Total 9 Credits Year 1 Semester 2 IG603 Financial Decisions IG630 Macro Environment in the Global Economy IG631 International Organization Behavior Total 9 Credits

9 Year 1 Semester 3 GI604 Management Research GI605 Logistics and Operation Management for Decisions Making Area Studies Courses (IB Track) Total 9 Credits Year 2 Semester 1 GI 606 Corporate Governance and Corporate Social Responsibility GI 607 Organization Development: Teams and Leaderships Area Studies Courses Area Specialization Courses Total 1.5 Credits 1.5 Credits 9 Credits Year 2 Semester 2 Area Specialization Courses GI 800 Thesis 6 Credits Total 9 Credits Year 2 Semester 3 GI 800 Thesis 6 Credits Total 6 Credits Total 51 Credits

10 Plan B. International Business Semester Courses Pre-course Year1/1 Year1/2 Year1/3 Year2/1 Year2/2 Year2/3 Total Courses Credits Courses Credits Courses Credits Courses Credits Courses Credits Courses Credits Courses Credits Courses Credits 1. Pre-Courses * 2. MBA-Core Courses International Business Required Courses Area Specialization Courses Elective Courses Independent Study Total * No Credits Pre-Courses GI500 Intensive Business 1 GI501 Intensive Business 2 Pre-course Total 6 Credits(No Credit) Year 1 Semester 1 GI600 Business Economics GI601 Accounting for Management and Decision Making GI602 Marketing Decisions Total 9 Credits Year 1 Semester 2 GI603 Financial Decisions GI630 Macro Environment in the Global Economy GI631 International Organization Behavior Total 9 Credits

11 Year 1 Semester 3 GI 604 Management Research GI 605 Logistics and Operation Management for Decisions Making Area Studies Courses (IB Track) Total 9 Credits Year 2 Semester 1 GI 632 Global Strategic Management Area Studies Courses (IB Track) Area Specialization Courses Total 9 Credits Year 2 Semester 2 GI 606 Corporate Governance and Corporate Social Responsibility GI 607 Organization Development: Teams and Leaderships GI 790 Independent Study 1 Elective C ourses Total 1.5 Credits 1.5 Credits 9 Credits Year 2 Semester 3 Area Specialization Courses GI 791 Independent Study 2 Total 6 Credits Total 51 Credits

12 17.6 Course Descriptions GI500 Intensive Business I This course develops an understanding of the basic concepts and procedures underlying financial accounting in accordance with Generally Accepted Accounting Principles. The course emphasizes the preparation and interpretation of financial statements, income recognition and determination, and asset valuation from the perspective of external users, principally investors and creditors. This course's main objective is to raise the accounting knowledge to the level that students will be able to use information on financial statements for other business courses. The course provides students with essential background in statistical theories and methods commonly used in the analysis of business problems and in the business decision-making process. It will (deal with) cover such topics as probability theory, random variables, probability distributions, mean and variance calculation, point and interval estimation, sampling theory, statistical hypothesis testing, analysis of variance and covariance, as well as correlation analysis. The course will also acquaint the students with useful business forecasting tools such as regression and time series analyses both in univariate and multivariate situations. This course is designed to provide students an overview of the management theory and practice in organization, with emphasis placed on today s diverse and complex environment. Topics cover management function and its role in organizations and society. GI501 Intensive Business II This course addresses 3 important issues in doing business: business etiquette, business writing, and business presentation and communication. On business etiquette, it would focus on how to build positive business relationship with business partners especially in different cultures, which include how to interpret body language, respect customs, and understand audiences. The guideline for different dress codes, the proper etiquette for gift giving in the international arena would be addressed. Not only business etiquette is a priority, but also business writing, presentation, and communication are also have a crucial role in dealing with business people. Therefore, this course would include these 3 skills in terms of preparation, structure, delivery, strategy, use of visual aids, and handling questions and answers. GI600 Business Economics This course examines the micro and macro-economic fundamentals underpinning the functioning of market economy. It studies how the demand and supply of merchandise are determined and how the price is set. The role of price as a resource allocation mechanism and the welfare implications of consumer and producer in different market structures will be discussed. The course also investigates the roles of household consumption, savings, government spending, imports and exports in the determination of economic growth, the roles of inflation, unemployment and interest rates and the implications of fiscal and monetary policies on business cycle according to the Classical, Keynesian and Neoclassical approaches. In addition to background Theory, This course examines economics issues facing companies in Thailand.

13 GI601 Accounting for Management and Decision Making This course introduces the fundamentals of modern managerial accounting and the new management accounting theories and tools. Students are shown how to use accounting as an effective management tool for coordinating managerial and organizational activities. The course emphasizes the use of accounting data in the managerial decision-making process and in planning and controlling business enterprises as well as the utilization of the possibility and opportunity available through management accounting to enhance rather than burden decision making. GI602 Marketing Decisions This course provides the fundamental and procedural aspects of marketing management to achieve competitive advantage. Emphasis is placed on the role of marketing in an organization, its relationship to other functions, and the effectiveness of marketing management based on a thorough understanding of customers and the environment. Areas of study include consumer behavior, competitive analysis, market segmentation and selection, strategy development, product development, positioning, pricing, communication, and distribution. GI603 Financial Decisions The course provides concept and roles of financial management. Topic includes goals of financial decisions, analysis and investment decisions, sources and funds, optional capital structure, dividend policy and business valuation. GI604 Management Research The course aims at the development of analytical thinking skills by providing the students with a comprehensive understanding of the fundamentals of research methodology necessary to conduct a Masters level research.it introduces the students to different research paradigms and various stages of the research process including research design, identifying a research topic, forming a hypothesis, collecting and analyzing data, interpreting and presenting the findings, and finally writing a research report. The focus will be not only on quantitative research but also on qualitative research. GI605 Logistics and Operation Management for Decision Making Logistics and operations management issues affect virtually every organization. Companies in all sectors face challenges associated with the design, planning, directing, and controlling of the facilities, processes, flow of materials and human resources associated with the production and delivery of finished products and services. Effectively managing logistics and operations management activities are crucial to organizations ability to survive. This course is designed to illustrate the development of strategies for logistics and supply chain management involving the transfer of goods and services within or across organizations. Topics may include quality management, inventory management, process design, supply chain management. GI606 Corporate Governance and Corporate Social Responsibility Ethical, environmental, and social issues from conventional business practice are becoming more prominent as new challenges for managers in the 21 st Century. This course provides a pragmatic dimension

14 of how business can be more responsible to the environment and society while generating profit to a company. Emphasis is placed on the integration of corporate governance and social responsibility to enhance efficiency of sustainable business practices and earn public trust in the brand and company. (Lecture 1.5 hrs / week) GI607 Organization Developments: Teams and Leaderships Leadership is important in the new venture process, especially because the entrepreneurial leader often must convince other team members to embrace an idea that does not yet have any tangible existence. In this course, students will understand the leadership process, including what characteristics contribute to good leaders and good teams. It will also cover team dynamics with a goal to understand how problems arise in teams and how they can be resolved. Finally, it will consider how to create an environment where each individual can contribute at his or her optimum level. (Lecture 1.5 hrs / week) GI630 Macro Environments in the Global Economy This course provides an introduction to a variety of key issues confronting managers in the age of globalization. The ultimate goal of the course is to enable students to broaden their outlooks on the political, economic, technological, and social context of international business. The objectives of the course include: the analysis of the more complex environment of business operations; the use of conceptual and analytical tools related to international business operations; the awareness of major international business issues; the broad understanding of current international business operations; and the analysis of trends in international business, Such the liberalization of trade includes the WTO, Regional Economics Integration, and the role of the International Monetary Fund. GI631 International Organization Behavior The purpose of this course is to provide students with an understanding of the filed of organizational behavior. The complex relationships among individuals, groups and organizations will be explored as critical factors in developing successful culture, leadership, motivation, communication and organizational structure. GI632 Global Strategic Management This course introduces students to key strategic issues confronting managers in the age of globalization. The ultimate goal of the course is to enrich students understanding of the international aspects of the process of strategy making and implementation, particularly within the Asian context. Because the majority of today s business is by nature international, this course therefore explores the challenges, dynamics, and processes involved in the internationalization process of companies. This course is designed to help students develop theoretical and practical insights into the formulation and implementation of international strategies. GI640 Societies and Political Economy of China This course looks at the historical development of China s economy and politics before and after It aims to provide necessary historical, economic and political background for doing businesses in China. It looks at the development and roles played by key institutions in China. In addition, it introduces students to the structure of the Chinese economy and the economic and political role of China

15 in the world, and especially in Asia. This includes the legal framework in China, and its effect on foreign businesses. GI641 Chinese Business System & Management This course introduces students to traditional Chinese management philosophy as well as modern practices in Chinese business organizations. It also examines the differences of dominant of business organizations in China and their different management practices. Business organizations that are addressed include: state-owned enterprises, town and village enterprises, and private-sector firms. GI642 Current Issues in Chinese Business This course addresses contemporary concerns of Chinese business, business in China, and the Chinese government. It includes business risk management, corporate social responsibility issues in China. (Lecture 1.5 hrs / week) GI643 Doing Business in China This course looks at the Chinese business world from the point of view of foreign firms. It looks at the forms and methods of trade and investment in China, and at the management issues that arise from doing business in China, such as human resource management, marketing, finance, and intellectual property issues. It also examines the conditions and opportunities for foreign firms that are keen to establish themselves in China. It includes business trip to China and site visits to selected organizations. (Lecture 1.5 hrs / week) GI650 Societies and Political Economy of Japan The success of Japanese economy has frequently been explained with three different hypothesizes: market focus, cultural specificity, and industrial policy. This course would trace these accounts by exploring how Japan managed to achieve both rapid economic growth and political stability, which are two of the elusive objectives of many transitional countries. The lectures will shed light on the current state of technology, social infrastructure, business model, and information policy by government based on two questions: how it was made possible and why. This includes The legal framework in Japan, and its effect on foreign businesses. GI651 Japanese Business System & Management This course provides an introduction to various aspects of the contemporary Japanese business system. The emphasis is on the structure and operation of the Japanese business system and the interaction of that system with the international business. The characteristics of important business practices such as decision making processes which may rooted from unique cultural values, the industrial and financial structure of Japanese business, labour markets for both large and small companies, keiretsu relationships, the role of trading houses, subcontracting ties, government-business relationships, and the implications for future trends in Japanese business system will be explored. Students will learn the Japanese business concepts and methods of operation. For example, Japan s Strategic Culture, Strategies of Japanese Companies, Japanese Marketing & Distribution Systems, Financial Accounting Systems in Japan, Environmental Preservation Activities in Japan, Cultural Differences and Personnel/HR Systems in Japan.

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