The aim of this course is to enable students to apply theory using simulation. Students learn how to make decisions about selecting candidates for employment, employee promotion, education and other factors that affect the company’s position in the market. They also get acquainted with the consequences of managerial decisions on employee motivation, employee turnover and the like.
This course helps students understand the constant and systematic management of functions within organizations so that they are competitive in today’s market. As part of this course, students do a Capstone computer simulation. The importance of value maximization for shareholders and a number of other points of view are discussed using theoretical concepts applied in the simulation. Students manage all aspects of business: production, marketing, logistics, finance, human resources, etc.
This course prepares students for critical and analytical thinking in making business decisions based on currently available information from a variety of financial statement sources. In this way, students / managers should use the knowledge gained through everyday situations in the company in which they are currently employed. Some of the topics of this course are the interpretation and analysis of the basic financial statements, the calculation of costs and the business budget process, and the interpretation of new concepts used to measure the company’s value to stakeholders.
Effective project management ensures that projects are completed within set deadlines and budgets and have a satisfactory level of quality. One of the main goals of this course is to acquaint students with the techniques needed to achieve these three goals. The basic problems and parts of project management that students need to master are: the characteristics of an effective project manager, the characteristic responsibilities of the manager and project selection, project development and delivery; developing a detailed time and business plan and budget, establishing and maintaining a project team, managing and controlling the quality of project work and risk management; communication between project team members, investors and managers; anticipating and avoiding potential problems; specific roles of support services (finance, marketing, procurement, technology support).
The role of this course is to acquaint students with the practical application of marketing strategy, starting with the challenges that every manager faces. Typically, these challenges include: (1) assessing markets, competition, and conditions affecting the sale of goods and services, (2) market segmentation, target market selection, and marketing mix, (3) strategies that maintain competitive advantage in different markets and competitive conditions (stages of introduction, growth, maturity and decline). The basis of this course is, of course, the simulation of marketing strategy, Markstrat, in which students make decisions about their marketing strategies with given parameters in a market with intense competition.
Management of change and human resources, focuses on micro views of change and psychological resistance to change. This course will cover the basic functions of human resources management, learning from the example of business organizations with other colleagues and project development. Students will also analyze jobs and job descriptions. Functions covered in this course include: employment, job selection and familiarization with it, employee training, etc.
In the course Business Ethics and Corporate Responsibility, students will learn how to transparently identify moral dilemmas in the business environment and quickly find an appropriate solution. One element of the course will be applying critical thinking to business cases and making transparent, ethical business decisions. Topics covered in this lecture include: ethical systems, ethical business decision-making – all in relation to customers, market, environment, procurement and international business. Furthermore, the place and role of the corporation in terms of its position will be analyzed with regard to culture, religion, tradition, government policy, legislation, etc.
Different forms of leadership are key to the survival of all types of organizations. With the help of practical examples and role-playing, this course emphasizes motivation, understanding, interpersonal relationships, communication models, change management, listening skills, teamwork, conflict resolution, negotiation, time management, goal setting and organizational values.
This course is based on the following topics and management strategies: developing strategic thinking skills, assessing opportunities, anticipating and managing strategic change; connecting different management disciplines; reactions to acquisitions, external services, declining staff, joint ventures, strategic alliances; development, coordination and management of financial, physical and human resources; strategy models, competitive advantages, strategic options.
Managerial skills are entirely focused on practical exercises. They cover three different management techniques: presentation, business negotiation and business decision making. In the first part of the lecture, students will develop and hone their presentation skills. In addition to recording and analyzing their speeches, students will work on additional exercises that include video recording and situation analysis.
The second part of the lecture will focus on important theoretical concepts that will help students understand the negotiation process and improve their negotiation skills. This is followed by a series of exercises designed to develop negotiation techniques (distributive and solidarity negotiation, trust, capital, personal style, creativity, multi-stakeholder negotiation, etc.).
In the last part of the lecture related to business decision making, students will be introduced to intuitive, rational, programmed and unprogrammed, and interactive decision making. Advanced topics such as game theory and value-added information in decision-making will be presented to students for the first time during their studies.
The purpose of professional practice is to enable students to apply academic knowledge and skills in a real business environment and develop their independence, responsibility and creativity needed to fulfill business and work tasks in situations with practical business activities. Students are encouraged to connect their professional practice with the preparation of the thesis by applying the knowledge and skills acquired during the study, but also collect and analyze primary and secondary data and propose recommendations based on the collected data.
The last step in the graduate study is to write a final thesis in the field of the candidate’s choice, which is mentored by one of the lecturers from the desired field. Before candidates embark on this research paper, a proposal of the desired topic should be submitted, including the methodology used in the research. The mentor will help the candidate through the entire course of research until the completion and defense of the thesis.