Core block 3
Financial Markets and Investments
Provides a basis for investment and financing analysis and decisions, and a foundation for a more in-depth study of the subject if you who wish to go on and specialise in finance for your Executive MBA. The module comprises three complementary parts - first focusing on capital budgeting and investment decisions; the second focusing on financing instruments and markets; and the third deriving the weighted average cost of capital used for discounting and valuation purposes.
- Role of finance in the firm
- Investment appraisal
- Valuation of income streams
- Pricing of bonds
- Valuation of equities
- Risk and return
- Deriving and using WACC in valuation.
In this module you will examine the long-term financial decisions taken by companies. The component starts by defining the various financial instruments which firms use in their long-term financing and then addresses questions such as: How to compute the cost of capital, how debt and equity are issued; how much debt should a company use; does dividend policy matter; and why mergers and acquisitions occur. The component is also concerned with corporate control as operations of financial institutions in monitoring and controlling corporations are considered to be as important as their function in funding.
- Corporate financial decisions, the role of financial manager and the value of the firm
- The classical objective function
- Sources of long-term financing
- Debt financing.
- How companies raise equity
- The cost of capital
- General models of risk and return
- Capital structure.
Develop skills and techniques for the practising general manager, within a series of conceptual frameworks for determining relevance, choice and application.
This module will introduce you to a range of operations related decisions and the course aims to provide them with the skills necessary to apply various frameworks to operational situations and to enable you to recognise how the frameworks should be applied. The focus will thus be on ‘how to’ skills and applications, rather than pure academic commentary. The value of an interdisciplinary approach to operations management will be stressed and the course aims to enable you to appreciate the strengths and weaknesses of the approaches to decision-making which are introduced.
- Process direction and Design
- Products, Processes, and Performance
- Operations Strategy and Management
- Process Delivery
- Inventory Analysis
- Capacity Management
- Supply Chain and Supply Chain Risk Management
- Process Development
- Quality Management
- Six Sigma and Lean.
This module addresses the theoretical and practical issues of ethical business and corporate governance. It will support effective understanding and implementation of good corporate governance systems and provide the means for ensuring their continuing effectiveness.
Corporate governance describes how organisations structure and manage their activities so that they are carried out ethically and equitably, according to appropriate laws and policies. You will be introduced to corporate governance and related disciplines such as regulation, ethics, auditing (internal and external) and Corporate Social Responsibility (CSR).
- A theoretical and practical knowledge of international corporate governance practices and their practical relevance to organisations
- An understanding of the structures and policies necessary for effective corporate governance
- Competence in dealing with and understanding corporate governance issues so that effective and relevant advice may be given to senior management
- An understanding of how control and risk activities can be built into a Balanced Scorecard and other management tools.
Human Resources Management
The Human Resource Management module aims to stimulate thinking and understanding about the management of people in an organisational context. The focus is on specific human resource management practices and policies, their effectiveness as well as skills necessary for their implementation. The course is designed for line managers and it is not intended to meet the detailed technical requirements of full-time HR professionals.
On successful completion of this module, you will be expected to be able understand and have skills in:
- Introduction to HRM: best-practices, best-fit and stakeholder approaches
- Recruitment and selection
- Talent and career management
- Performance management: appraisals & pay/rewards
- Work-life balance and employee well-being.