MBA Program - Courses - International University of Monaco

Some of the Core Courses offered in the Master of Business Administration

Please note that this list is not exhaustive and subject to change

FINANCIAL ACCOUNTING AND REPORTING:

You will review in detail all the elements of a balance sheet, an income statement, and a statement of cash flows. You will learn how companies control their cash, their accounts receivable and manage their inventories. You will see how companies finance their operations with short-term and long-term debt, and through common and preferred stock financing. You will learn how to prepare and analyze a statement of cash flows, showing the sources and uses of cash from operating, investing, and financing activities. You will learn how to analyze the various financial statements using horizontal, vertical, and ratio analysis, as well as MVA and EVA ratios.

STATISTICS FOR BUSINESS:

This MBA course covers the basics of classical statistics and data analysis including summary measures of data, graphical presentation of data, random variables and probability distributions, estimation, confidence intervals, and hypothesis testing. After achieving a reasonable familiarity with the classical material, you use more advanced quantitative methods applied to managerial decision-making problems such as regression, and chi-squared tests of independence for categorical data. Emphasis throughout will be on interpreting data, choosing appropriate models and methods, and on practical applications of the statistical methods. This MBA course relies on extensive use of the spreadsheet package Excel.

ECONOMICS FOR MANAGERS:

Competition has fundamentally intensified over the past years. Many companies today spread out their value chains across numerous locations. Thus, sound economic analysis has never been more important – regardless whether the decision-making unit is an individual, household, firm, non-profit organization, or government. The integrative approach used in this MBA course will help you to recognize that important managerial decisions are interdisciplinary as effective management is seen to involve an integration of the accounting, finance, marketing, personnel and production functions. Therefore, the business firm is treated as a unified whole, rather than a series of discrete, unrelated parts.

In order to build an intellectual fundament, you will learn conceptual frameworks (business scenarios) that are based on microeconomic theories, i.e., the underlying economic behaviour of actors participating in individual markets: individuals (theories of supply and demand), firms (production, cost and pricing), and industries under different forms of market structure (competition vs. monopoly). Real-world examples are used to support this problem-based approach. For example, an IT company’s strategy will be analyzed to introduce basic ideas on corporate strategy and industry analysis and transformation, competitive strategy, and competitive dynamics. Furthermore, we shall broaden our knowledge of real business applications of economic analysis by expanding the scope of inquiry to cover the process of internationalization of a company. You will examine the relevant managerial economic principles, problems and issues related to entry and penetration strategies that force a company to adapt to local circumstances.

GLOBAL STRATEGY & LEADERSHIP

The past few years have witnessed a dramatic reappraisal of longstanding principles of strategic thinking, planning, and implementation. Partly this has been due to the so-called ‘flattening’ of the world: the combined forces of accelerating globalization and digitalization have made it clear that organizational strategies and structures need to adapt to a radically new and unpredictable set of competitive dynamics. Inevitably then, not only are strategies and structures being reappraised; so too are the qualities, characteristics and profiles of current and next tier leaders.

In the light of the above, the overriding focus will be on how to achieve strategic adaptability and flexibility in a changing and unpredictable global environment. Principle tools and concepts of strategy will be discussed, as well as evolving approaches to the interplay between strategy, structure and corporate culture. The seminar will be run in a very interactive manner, with case study analysis and discussion the primary mode of instruction. This MBA course will cover some of the major strategic decision-making tools—including the Ansoff Matrix; SWOT; the VRIO Core Competency tool—as applied specifically to the global environment. A variety of environmental analysis tools, such as Porter’s Five Forces and the PEST model will also be discussed from an applied and practical point of view. And since successful global strategizing also presupposes successful leadership skills, we shall also examine the characteristics of successful leaders, be it in history or contemporary culture, as well as in business.

ORGANIZATIONAL BEHAVIOR AND CROSS-CULTURAL MANAGEMENT

This MBA course focuses on organizational behavior and cross-cultural management in the workplace. This graduate course addresses some questions regarding occupational health and safety. It concentrates on the variables that affect individual and collective behavior. This master of business administration course will also talk about more traditional organizational behavior subjects such as stress at work, job satisfaction, motivation, performance appraisal, etc. You will learn how work-related variables can affect human behavior and their implications for performance and satisfaction. You will also develop the ability to recognize the influence of these factors on organizational system-level variables and their impact on the critical determinants of organization human resource effectiveness: productivity, absenteeism, turnover, satisfaction, and citizenship.

INNOVATION MANAGEMENT

Innovation is high on every executive’s agenda today. Innovation is seen as a key differentiator in markets that are increasingly hard-fought and it is destined to become ever more so as competitive pressures increase across all industry sectors. Innovation separates the winners from the competitors. In a world of hyper competition, pro-active and continuous work with innovation is imperative to gain competitive advantage.

Innovation manifests itself in a variety of forms. It can drive new service and product offerings and development of brands, ways of marketing, business models, delivery channels and so on, and it can also be at the root of new business opportunity creation and the launch of entirely new business models. However, the coin has a flip side, as innovation development is often expensive and can be easily imitated by competitors in the global economy. Innovation management is the discipline of managing processes in innovation. Without proper processes, it is not possible to be efficient. Innovation management includes a set of tools that allow people in the organization to cooperate with a common understanding of goals and processes.

The focus of innovation management is to allow the organization to pro-actively respond to external or internal opportunities and use its creative efforts to introduce new ideas, processes or products. By utilizing appropriate innovation management tools, management can trigger and deploy the creative forces of the whole work force towards the continuous development of an organization.

Alumni Testimonials

Marcin Woszczynski,
Swedish/Polish, Monaco MBA 2015
Partner Account Manager, Microsoft

The Monaco MBA has given me exceptional educational experience. Inspiring and skillful teachers have helped me to develop my skills within Innovation Management, Business Development and Managerial Management.
The University introduced the concept of Creating Shared Values and Corporate Social Responsibility on completely new level and I sincerely hope to be able to incorporate these newly acquired skills in everything I do in the future.
I have been exposed to international economics and accounting to gain better understanding of the subjects in the real world.
This hectic year has challenged me personally and professionally, but it has also prepared me for my current assignment. I believe this program allowed me to advance my career and I truly recommend anyone who is looking for a broad international mix of individuals and great exchange of experiences.