Master of Business Administration (MBA) Corporate and Executive Education

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1 Master of Business Administration (MBA) Corporate and Executive Education 2012

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3 MASTER OF BUSINESS ADMINISTRATION Waikato-Tainui in partnership with the University of Waikato, the Waikato Management School and Corporate & Executive Education, have been delivering the MBA programme at the Waikato-Tainui College for Research and Development. The Master of Business Administration (MBA) is the most recognised management qualification in the world. The Waikato MBA is internationally accredited to the Association of MBAs (AMBA) and is renowned for exceptional standards of character, competency and quality content. It is designed to introduce practising middle and senior managers, business owners and entrepreneurs to research at the frontiers of knowledge and prepare you for leadership positions within organisations in New Zealand and overseas. Our MBA alumni have created significant value in their respective fields. The comprehensive Waikato MBA programme has been tailor-made with input from leading organisations and business leaders to ensure you complete the programme with thorough theoretical and practical business understanding, as well as essential leadership skills. THE WAIKATO MBA:» Equips you with the skills necessary to lead strategically» Broadens functional and technical business understanding» Adds best-practice management know-how to your practical knowledge» Uses group work to discuss and understand business from multiple and diverse perspectives» Prepares you to confidently lead, transform, sustain and create business in a global environment» Includes a 7-10 day International Study Tour with seminars, business tours and meetings with business leaders. THE WAIKATO MBA IS A TWO YEAR PROGRAMME TAUGHT PART-TIME AND IS SPECIFICALLY DESIGNED FOR:» Those with at least five years relevant management experience» Future business leaders» Business owners or entrepreneurs who are looking to add best-practice theory to their practical expertise to take their organisation forward. WAIKATO MBA AT THE WAIKATO-TAINUI COLLEGE FOR RESEARCH AND DEVELOPMENT The Waikato MBA at the Waikato-Tainui College for Research and Development (the College) is delivered as a residential programme within a supportive kaupapa Maaori environment. Participants are encouraged to reside at the College, on a fortnightly basis, from Thursday evening, with classes held on Friday and Saturday. Participants explore real-world, real-time business challenges including case studies of organisations involved in and relevant to Maaori business and industry. Prominent Maaori and indigenous guest speakers are invited to provide participants with a Maaori/ indigenous perspective to the programme. Participants are also provided with mentors who are Maaori and MBA graduates. The College is located at Hopuhopu, 20km north of Hamilton. WAIKATO-TAINUI COLLEGE FOR RESEARCH AND DEVELOPMENT 3

4 WAIKATO MBA CAREER DEVELOPMENT SERVICES In collaboration with PricewaterhouseCoopers, Corporate & Executive Education offers Career Development Services to all Waikato MBA participants. You will complete a Myers-Briggs Type Indicator (MBTI) personality profile in the early stages of your programme. This measures your preferences in a number of areas including how you prefer to make decisions and how you perceive the world. You will be invited to attend a session to receive your MBTI profile feedback and discuss the relevance of the profile to your studies and your career. In addition to this, you will be offered a Career Development Programme in Part Two of your MBA. This consists of up to five hours of specific one-to-one tailored career development support from a PwC expert. This Career Development Programme will help you align your psychological profile with your current and intended future roles and working environment, and offer guidance on how you can maximise your potential within your organisation and throughout your career. Hana Grant (MBA) SERVICE DEVELOPMENT MANAGER, POUTIRI TRUST Hana Grant (Ngati Pikiao and Tapuika) graduated with an MBA in A highlight from her study was the 10-day study tour to China and Singapore. We met some amazing business people from diverse organisations big and small, says Hana. What I found most exciting was that they all expressed a business ethic that recognised the importance of relationships and family, similar to how Maaori view the world. The MBA has focussed Hana on her own fields of expertise which she now applies to her new role as Service Development Manager at Poutiri Trust, based in the Bay of Plenty. Innovation, capability and capacity building are her strengths which she aims to foster in the 18 Hauora providers that are part of the Poutiri provider network. Having completed the MBA, Hana believes that people are our promise and she is now well equipped and confident to put her hand to that plough. 4 CORPORATE & EXECUTIVE EDUCATION

5 PROGRAMME OVERVIEW The Waikato MBA is a two year programme made up of two intensive parts and the International Study Tour. It is taught part-time so you can keep working while you study. The Waikato MBA curriculum is built on five pillars: Creativity and Innovation, Leadership, Organisational Fundamentals, Strategy, and Research. These five pillars provide you with a solid foundation to develop leadership qualities that are considered most important for the world economy that is increasingly characterised by complexity and change. Results from the recent Global IBM CEO study show that the four most important CEO leadership qualities are creativity, integrity, global thinking, and influence. The papers constituting the Creativity and Innovation pillar are: Knowledge Management; Integrative paper: Identifying and Planning New Ventures; Creativity, Enterprise and Innovation; and Business Strategy, Value Creation, and Execution. These papers, spread across Part One and Part Two of the MBA programme, develop your ability to identify new opportunities and provide the tools and framework to bring these creative ideas to fruition. GLOBAL THINKING Strategy CREATIVITY Organisational Fundamentals Research Creativity and Innovation INTEGRITY Leadership INFLUENCE The papers constituting the Leadership pillar are: Management Communication, Negotiation and Conflict Resolution; People, Organisations, and High Performing Teams; Leadership Transformation and Growth; and Governance, Sustainability and Ethics. You are introduced to some aspects of leadership in Part One, and the leadership pillar is enhanced in Part Two. You develop the ability to manage self and others, and learn to recognise the need to be authentic in behaviour. This enhances your leadership quality of integrity and your ability to influence. The papers constituting the Organisational Fundamentals pillar are: Management and Sustainability; Financial and Managerial Accounting; Operations and Supply Chain Management; and Law and Business. These papers provide you with a systemic view of your organisation and how each function operates and interrelates. These fundamentals are embedded in Part One of the MBA programme. The papers constituting the Strategy pillar are: Managerial Economics and the Global Business Environment; Strategy and Marketing; Strategic Corporate Finance and International Business: Culture and Markets. These papers enhance your ability to understand the impact of the wider economy on your sector, your ability to understand the impact of national cultures on global business, and how best to strategise and position your product and services. This pillar, along with the Organisational Fundamental pillar, gives you a global mindset, which is considered an important leadership quality in an age of complexity and change. All participants in Part Two complete the Business Research Methods paper and a major research project. This makes up the Research pillar. The ability to combine previous research and learning, with new insights that come through practice, is a fundamental quality of a thought leader. This is developed through our Research pillar. WAIKATO-TAINUI COLLEGE FOR RESEARCH AND DEVELOPMENT 5

6 PROGRAMME DATES MBA HAMILTON HOPUHOPU ORIENTATION April February 2012 TEACHING DAYS Fortnightly Friday: 2.00pm 6.00pm Saturday: 8.00am 4.30pm Fortnightly Friday: 8.30am 5.00pm Saturday: 8.30am 5.00pm PART ONE 27 April April March November 2012 PART TWO 3 May June February March 2014 INTERNATIONAL STUDY TOUR Asia, 8-10 days North America, 8-10 days Dates and International Study Tour locations are subject to change. Occasionally class times may vary with notice. Applications must be in by 20 January Places are limited. Applications received after this date may not be accepted or incur a late enrolment fee. INTERNATIONAL STUDY TOUR The Waikato MBA International Study Tour gives you the opportunity to test in an international context all you have learnt in Parts One and Two. It gives you valuable insights into the practicalities of doing business offshore. This tour is a unique and integral part of the Waikato MBA. While on tour you will:» Visit successful international corporations; see how they are run and talk to their leaders» Engage with senior economic commentators» Meet New Zealanders doing business offshore» Meet representatives from New Zealand Trade and Enterprise» Attend a series of seminars that focus on the infrastructure and economics of countries you visit» Be exposed to valuable international business networks and linkages» Attend a networking event with MBA students from the host country. 6 CORPORATE & EXECUTIVE EDUCATION

7 THE PAPERS PART ONE Management and Sustainability Businesses worldwide are increasingly realising that they must pay attention to social and environmental factors as well as economic imperatives. In this paper, you will study the roles of CEOs and managers and focus on the key issues of sustainability.» How managers approach managing» Having the right information to tackle key management challenges» How business can measure sustainability and benefit from it. Management Communication, Negotiation and Conflict Resolution Effective leadership requires an ability to negotiate and resolve conflict. You will learn the principles of communication as they apply to managers and leaders.» Self-awareness and emotional intelligence» Communication competence» Understanding group dynamics» Power and influence. Managerial Economics and the Global Business Environment Challenge your economic thinking at macro and micro levels. You will cover theory and practical examples to gain insight into the economic issues facing businesses.» The complexity of the national and international business environment and economic decision making» How to tackle business opportunities, problems and uncertainties» Factors determining New Zealand s economic competitiveness» The impact and role of government in shaping business opportunities and challenges» Opportunities in a dynamic global economy» Sustainability in international markets. People, Organisations and High Performance Teams People are an organisation s biggest asset, so human resource management must be at the centre of strategy, staffing and change. You want your staff to improve individual and organisational capability.» The nature of workplace relationships and the legal and social environments in which these relationships occur» Performance appraisals» Health and safety issues and requirements» The dismissal process» Types of teams and team members» Building high performance teams. Financial and Managerial Accounting You will examine the use of financial data for diagnosis and decision making, and the impact of budgeting and measurement on managerial behaviour.» The accounting system and financial statements» Analysing financial statements» Introduction to the principles of business taxation. Operations and Supply Chain Management An introduction to operations management and the vital role of supply chain management in successful business operations.» Operations in manufacturing and service organisations» Information systems in management» Management to ensure quality» Supply chain management» Purchasing and logistics. Strategy and Marketing Learn to apply strategic analysis methods to an organisation and recognise business environmental implications for strategy.» Understand consumer behaviour» Develop marketing mixes» Design and implement strategic and marketing plans. WAIKATO-TAINUI COLLEGE FOR RESEARCH AND DEVELOPMENT 7

8 PART ONE continued Knowledge Management Consider the role of knowledge assets in organisations and the management and use of them.» The nature of knowledge in an organisation» Creating value through mobilising knowledge assets» Developing a knowledge management strategy to achieve organisational sustainability. Law and Business You will be introduced to key aspects of business law.» The role of business law in management» The law relating to the establishment and sustainable operation of an entity» The law relating to funding and shareholder/ stakeholder relationships» An introduction to the laws of contracts, torts, insider trading, transfer pricing, IP protection, taxation, liquidation, and competition and fair trading. Integrative Paper: Identifying and Planning New Ventures From strategy to human resources, operations to marketing, you will demonstrate your understanding of the concepts and theories taught throughout Part One of the programme as you pitch an idea for a new business venture to a panel of experts. You will research your product or service to create a business plan from which you will present your idea and look at the steps needed to execute its implementation. You will also apply reflective practices to evaluate learning throughout this process. This project includes group and individual components. PART TWO Governance, Sustainability and Ethics You will study what is required for good business governance, which includes corporate social responsibility, sustainability and ethics.» Philosophy and strategies of sustainability» Ethical value creation» Sustainability in a global and New Zealand context» Implementing sustainable practices» Governance the legal framework. Strategic Corporate Finance Increase your understanding of financial markets and their role in valuation, assessing risk and return, and corporate financial practice.» Investment and project valuation» Raising capital and valuing debt and equity» Financial risk, returns and the Capital Asset Pricing Model» Estimating the cost of capital» Designing capital structure» Raising capital through IPOs» The value and acquisition of businesses mergers and acquisitions. Leadership Transformation and Growth Explore the assumptions, beliefs and values embedded in good leadership practices and learn how to strengthen your own management style so you can mobilise others into commitment, vision and sense-making. Then explore the directions and modes of growth for an organisation.» Self-management and the role of communication and emotional intelligence in leadership» Leadership history and challenges» Methods of leadership development» Projecting business futures» The importance of connecting futures» Leading change and transformation in an organisation» Directions and modes of growth. 8 CORPORATE & EXECUTIVE EDUCATION

9 Creativity, Enterprise and Innovation An introduction to creativity and innovation processes and the way ideas can be screened and developed to create sustainable value.» Market change and enterprise development» Entrepreneurship fundamentals» Innovation, strategy and culture» The role of creativity and discovery» Developing innovation strategy» Innovation in the New Zealand context» Developing business plans for entrepreneurial enterprises. International Business: Culture and Markets This paper has two goals to develop the international cultural understanding of participants and to introduce key aspects of specific international markets.» New Zealand s role in the international global trading environment» Considering and comparing national cultures» The link between national culture and organisational culture» North America & Canada fostering cultural and business links with indigenous communities» Asia - opportunities for Aotearoa New Zealand. Business Strategy, Value Creation and Execution Focus on the implementation of strategy the leadership skills required to effectively implement strategy decisions and lead change. You will also consider the essential role of value creation in managing and developing strategy.» Formulating strategy in a global economy» Aligning strategic vision» Leading enterprise-wide change» Effective implementation leadership» The attributes of effective implementers» Managing strategic business relationships» Managing and developing strategy to create value. The real value for me came from the networks and relationships with my fellow MBA colleagues, students and staff Business Research Methods Learn about research methods, how to develop a research proposal and how to plan a research project. You must complete this paper before you start the research for your Major Research Project.» Appropriate methodology and research perspectives» Forming a research purpose and developing research objectives» Literature reviews, citations and referencing» Searching databases and other sources WARREN WILLIAMS (MBA) WAIKATO MBA GRADUATE IT MANAGER, TE WAANANGA O AOTEAROA» Developing a research proposal and planning a research project. Major Research Project Take what you have learnt in the classroom and apply it to the real world. Choose a research topic in an area that is relevant to your organisational interests and work with a local business to gain an in-depth understanding of their current position and goals. Carry out extensive research based on what you have learnt throughout your MBA and provide recommendations on how to overcome a problem or implement strategies for business development, innovation or growth. As the driver of this project you will determine its direction and actively reflect on your experiences throughout the duration of the project. You will be provided with an expert in your chosen discipline to support you and ensure your research is rigorous, meaningful and relevant. DISTINCTION You could qualify with distinction if you achieve an overall Grade Point Average of A throughout the programme. WAIKATO-TAINUI COLLEGE FOR RESEARCH AND DEVELOPMENT 9

10 ENTRY CRITERIA MBA Part One Applicants must have:» An undergraduate degree» At least five years relevant management experience relevant management experience includes people, project or functional management experience» A CV that outlines your employment history including previous job titles, responsibilities and duration of contract» Three written referees recommendations (employer and character)» International applicants must have an IELTS score of 6.5 or equivalent, no band less than 6.0. Variations:» Requirements for an undergraduate degree may be waived if applicant can demonstrate substantial leadership experience with evidence of some tertiary study.» You may be required to complete a Case Study test. MBA Part Two Returning participants must have:» Completed Waikato MBA Part One with a minimum B+ Grade Point Average. FEES The fees for the Waikato MBA programme are all-inclusive and cover the following: All papers The International Study Tour All required textbooks Course materials in soft format Meals while attending in-class sessions Internet access Access to full-text online databases and Waikato University library resources Access to the student health and counselling services FEES NZ CITIZENS & PERMANENT RESIDENTS MASTER OF BUSINESS ADMINISTRATION $39,300 (approx) Note: These fees have yet to be confirmed. The prices indicated above are inclusive of GST. They include all course-related costs but exclude supplementary University charges that are approximately $330 per year of study. All fees are subject to change depending on University Council approval and changes in University supplementary charges. Note: If your programme spans more than one year there will likely be an increase for each subsequent year. The MBA complements my other qualifications and experiences providing confidence to myself and other organisations that I work with. The MBA is not a magic bullet it is part of the jig saw that can help you propel your career, business or opportunities if you choose to do so. TANIA HODGES (MBA) WAIKATO MBA GRADUATE MANAGING DIRECTOR, DIGITAL INDIGENOUS.COM 10 CORPORATE & EXECUTIVE EDUCATION

11 FOR MORE INFORMATION ON THE MBA PROGRAMME PLEASE CONTACT DR SARAH-JANE TIAKIWAI Academic Director Phone saraht@tainui.co.nz NATALIE LULIA Programme Co-ordinator Phone: nataliel@waikato.ac.nz WAIKATO-TAINUI COLLEGE FOR RESEARCH AND DEVELOPMENT 11

12 Waikato-Tainui College for Research and Development Private Bag 542, Ngaaruawaahia 3742 Telephone Fax: Website: Waikato-Tainui College for Research and Development, August 2011.