The objective of this course is to provide a rigorous introduction to the foundations of financial management in competitive financial markets. The course is designed to equip students with the basic tools that are necessary in managing a firm in a dynamic financial environment. The topics to be covered include the time value of money, risk and return, portfolio management, stock and bond valuation, cost of capital, capital budgeting, capital structure, dividend policy, corporate financing, and agency theory, and financial derivatives. Strategic applications of these concepts to real world problems will be given equal emphasis. The method of instruction, depending on the topic, will include lectures, case studies, and/or other pedagogical tools.
This course focuses on the nature and scope of using accounting information for economic decision making. The first half of the course focuses on financial reporting. The emphases are on the nature of accounting information and its uses and limitations. While the focus of the course is on the users' perspective, it is essential that the user understands the building blocks of accounting, the process by which the information is generated and the incentives underlying the preparation of the accounting information. A proper understanding of the accounting process would enable the user to understand the limitations of the accounting information, and to ask the appropriate questions when using the information.
In the second half of the course, we seek to understand how accounting information is used in planning, costing, decision making, and management control. The organizational architecture will be used as the organizing framework. The major topics covered include activity-based costing and management, tools for decision making such as cost-volume-profit (CVP) analysis, and performance evaluation and measurement including a discussion on sustainability issues and measurement of these objectives.
Analytics for Decision Making
Astute business leadership hinges on a deep understanding of risks and uncertainties. In a business world that is increasingly inundated with digital information, business managers will need to master analytics and related tools that incorporate the uncertainties in a manner that would enhance understanding of the situation.
In this course, we develop a grasp of the underlying principles behind uncertainties and risks through a series of business analytics seminars, and build upon those principles to get a big picture view of the possible inferences. Through practical examples, in-depth exercises, and use of computer software, we would acquire an understanding of how these analytics principles apply in practice.
Economics and Markets
Global macro economic conditions greatly influence the business prospects and outcomes of companies. They also determine to a large extent the systemic risk that companies face. Thus, managers and analysts must understand the economic environments that they operate in to successfully forecast, plan and implement the business operations.
The main objective of this course is to give student an in-depth understanding of macro and international economic principles that they can apply to their financial analyses, and business decision-making.
The course is designed with the audience who are MBA students in mind. The focus will be on economic topics that managers will need to incorporate into their analyses. The course will help students understand economic principles and relevant indicators that managers should understand for their business planning such as GDP, Industrial production index, inflation index, unemployment rate etc.
The course covers exhaustively macroeconomic principles. We will discuss common economic phenomena (economic growth, cycle, inflation, bubbles, recession, unemployment, crisis etc.) and government policy tools (monetary, fiscal policy etc.) that are commonly used to solve economic problems.
1. To understand the concepts and integrated frameworks for developing and implementing strategy (corporate and business)
2. To gain insights for practical applications of strategy development and implementation in their relevant contexts by studying cases of how leading organizations have actually deployed these capabilities to achieve strategic outcomes in their businesses
3. To consider and discuss how strategic capabilities may be developed and deepened in your organizations so that you may more effectively achieve the desired outcome for the organization
Technology & e-Business
The course is organised and presented from the perspective of managerial end users of IT. It is designed to prepare future business executives for proactive leadership roles and responsibilities in a world which is being constantly challenged and shaped by IT and other digital technologies.
The course focuses on concepts and applications rather than on specific technologies, techniques or methodologies. The emphasis is on the development of enabling frameworks and conceptual models for better understanding of the deployment of IT and the Internet. The course makes liberal use of examples, case studies and other illustrations to provide examples of best practices and success stories. In this regard, the participants, who come from diverse backgrounds and disciplines, are encouraged to share their own experiences and views.
Marketing is a core subject in the Nanyang MBA curriculum and is compulsory for all MBA participants. In line with the direction and thrust of the new MBA curriculum, this course examines the critical role of marketing as a boundary-spanning function in driving the overall performance of the firm. Marketing is no longer seen as a stand-alone discipline but one that is integrated with all other disciplines and help to connect the firm with societal stakeholders and in implementing corporate social responsibility initiatives.
The operations function in an organization is responsible for the design, control, and improvement of systems concerned with the production and delivery of goods and services. Because operations account for a significant portion of the value added and cost in any business, even a small advantage in operations can mean the difference between winning and losing in a competitive marketplace.
In this course, we will demonstrate that operations management can serve two purposes: (1) to support corporate strategy, and (2) to inspire business model innovation. To succeed in either of these two endeavors, this course will introduce you to fundamental concepts, best practices, and key challenges/issues in managing business operations.
First, we will cover the three main building blocks in operations management; namely, (1) processes, (2) queues, and (3) inventories. Next, we will study best practices including (1) postponement, (2) capacity flexibility, and (3) accurate response. Finally, we will address important issues such as (1) quality management, (2) sustainable operations, and (3) supply chain management.
This course will use a mix of case studies, exercises, videos, games, and lecture to convey the course content. Both students interested in a consulting career and students with entrepreneurial inclinations will find this course particularly relevant. Students interested in other business functions (e.g. finance, marketing) may also appreciate the material in this course as it provides better perspective on the overall workings of a business organization.
Corporate Governance and Ethics
Corporate Governance and Ethics (CGE) aims to change the mindset of corporate managers and leaders about key priorities in business and to equip them with essential knowledge, skills and attitude in making difficult but crucial business decisions. CGE also lends insights into what it takes to develop an effective governance structure that steers the organization towards meeting increasingly challenging goals set by key stakeholders that the organization cannot ignore. Through extensive case discussions on pertinent and pressing issues, CGE will provoke participants’ thinking about what accountability and responsible risk-taking really mean and foster an understanding and conviction of the importance of ethics in the business world.
Leading People Globally Module
Leading People Globally
This innovative new course will develop core skills needed to lead people in local and global workplaces. It will run across two trimesters, beginning in Orientation Week with a series of introductory (non-assessable) workshops focusing on developing a leadership mindset.
In both Trimester 1 and Trimester 2, there are concentrated seminar sessions on the key leadership skill of negotiation. This is intended to develop sets of skills in intense blocks of learning, much like learning to ride a bicycle is best accomplished through an intense period of repetitive practice (where we pick ourselves up from our falls and keep trying until we have mastered the skill!)
Thereafter, in both Trimester 1 and 2, fortnightly sessions highlight further leadership skills that build on the key set of skills already mastered. These are skills which have recently been shown to be essential for MBA graduates in their career paths (Benjamin & O'Reilly, 2011). They include skills for self-leadership (e.g motivating ourselves), as well as managing our relationships with others and using power, influence, and motivation techniques appropriately.
The course also leverages Nanyang Business School's pioneering expertise in cultural intelligence. Thus it provides evidence-based principles and techniques drawn from both Eastern and Western perspectives. This will enable our MBA graduates to lead people locally and globally.