Master of Management
Course Structure (From 2013)
The Master of Management is comprised of 10 units of study: 8 specifically designed core units (48 credit points) plus a 2 unit of study compulsory business project (which is the equivalent of 12 credit points).
The duration of the degree is 12 months full time study.
Units of Study
(i) Core units
- MMGT6001 Strategy and Entrepreneurship
- MMGT6003 Accounting and Financial Management
- MMGT6005 International and Cross Cultural Management
- MMGT6008 Global Marketing Management
- MMGT6009 MMgt Business Project (Part A)
- MMGT6010 MMgt Business Project (Part B)
- MMGT6011 Team Work and Innovation
- MMGT6012 Business Tools for Management
- MMGT6013 Project Management in Context
(ii) Capstone unit
- MMGT6100 Advanced Management Applications (new unit for 2013)
(iii) Compulsory unit for non-business degree graduates
Students who are not graduates from a business/commerce undergraduate degree must complete the following zero credit point unit.
- MMGT5001 Fundamentals of Management (new zero credit point unit for 2013)
Strategy and Entrepreneurship - MMGT 6001
How can managers understand their environment, industry, resources and capabilities to achieve business success? This unit explores different levels of strategy, including corporate and business-level strategy for both established and start-up ventures. Strategy is, fundamentally, about making choices and deliberately choosing to be different. Strategic management seeks to understand how these choices and differences can (and sometimes cannot) create sustainable and exceptional value for shareholders, customers, employees and other related stakeholders. Questions to be addressed include: How can market opportunities be reviewed and understood? How can creativity and opportunity be harnessed across all phases of start-up, growth and maturity? How does a firm (or individual) build and develop resources and capabilities in a global and local competitive environment? When is collaboration preferable to competition? How can risk and uncertainty be evaluated and managed? The unit will highlight the challenges of strategic implementation as well as analysis and planning. Insights from entrepreneurial practice and theory will be integrated throughout the unit, with problem-based learning anchoring the teaching program. Students will work on 'real' corporate problems and questions, with group-based project work providing the opportunity to apply theory in practice.
Accounting and Financial Management - MMGT 6003
This unit of study focuses on the theory and practice of financial decision making and financial management within organisations. Its subject matter includes a review of the economic logic of financial decisions, drawing on the modern theories of finance and management accounting. Among the topics covered are capital budgeting, costing for pricing, real options valuation, and all of the other fundamental elements of financial decision making. The unit of study emphasizes decision making within a management context. This requires an understanding of not only economic principles but also broader behavioural and organisational considerations. The objective of the unit of study is to balance the need for quantitative and qualitative management tools. The philosophy of the subject is that in a sophisticated organisation, these are inseparable essentials of successful financial management.
International and Cross-cultural Management - MMGT 6005
What distinguishes successful from unsuccessful managers when doing business internationally? Most importantly, successful managers will understand and be responsive to the institutional environment in which they are operating as well as the organisational resources and capabilities at their command. They must know the "rules of the game". In this context, local cultural, ethical, and social factors play a significant role. Managers need to know how to interact successfully with people from other cultures both within and outside their organisations. An understanding of cultural differences and how to manage such differences is thus critical to effective international management. In particular, managers need to be aware of and sensitive to different management and leadership styles around the world, be able to make informed decisions about effective communications internationally, be able to lead successful international negotiations, be able to creatively manage global teams, and to have the ability to develop successful global careers for themselves and others in their organisation. This unit of study explores these issues using theory, empirical evidence, case studies, role plays and group projects to both enlighten and challenge participants.
Marketing Management in the Global Environment - MMGT 6008
A core skill for managers in an increasingly competitive world is applying marketing principles within the context of the international marketplace. This unit is designed to equip students with key decision-making tools, helping them answer critical questions about managing the marketing effort in the global market place. The course introduces fundamental marketing concepts and theories, and demonstrates their practical application within the international arena. Topics include market and competitive analysis, market segmentation and product positioning, brand and product management, pricing issues, integrated marketing communications, measuring return on marketing investment, and managing the internal organisation and external relationships responsible for successful implementation. Case studies and industry guests are used to illustrate concepts and their practical application.
Business Project Part A and B - MMGT 6009 / MMGT 6010
The MMGT business project, which comprises two units of study, is designed to provide students with a real life learning experience and to provide assurance of learning for the program as a whole. Students will work in small groups of four or five and partner with a real organisation over a ten week (one semester) period to provide solutions to a real business problem identified in consultation with the partner organisations. Projects will range from social entrepreneurship programs, where students work with community groups and NGOs, through to consultancy projects for large multinational corporations. Projects will be overseen by a specifically appointed academic coordinator and students will also have access to business mentors throughout the project. Students will be required to make a presentation and provide a written report to that client, and to make a presentation and provide a written report to their academic and student peers. Students will be assessed on the extent to which they were able to apply theories and concepts developed across the entire MMgt course and the extent to which they demonstrated having mastered the learning objectives of the program.
Team Work and Innovation - MMGT 6011
Facilitated by our Corporate Partner, Deloitte Touche Tohmatsu, this unit focuses on engaging with talented people to get fresh thinking into innovation strategies and challenges.
This unit of study has two aims: to develop student' skills and ability to work effectively in a team and to introduce students to the process of innovation in an organisational context. This experiential unit of study will involve students working in small groups on developing, testing, prototyping and pitching an innovative business idea or concept. In working through the innovation process students will attend innovation workshops conducted by a corporate partner and will work closely with a mentor from a professional organisation. At the end of the program students will pitch their business proposals to a panel of leading industry experts. To support their teamwork, students will be introduced to skills associated with effective teamwork and will have the opportunity to practice these skills and reflect on the experience of working in a small team on a real life project.
Business Tools for Management - MMGT 6012
Quantitative analysis is a key activity in developing successful business strategies in the areas of business management. Successful business strategies are generally based on diverse forms of analysis on information collected from a wide range of sources. This unit of study provides an introduction to the theory and principles of quantitative analysis of business markets through lectures, computer workshops, and practical assessments requiring the analysis of various types of data. Through classes and assessments designed to specifically teach students how to undertake quantitative research in a practical manner, students will be able to conduct their own quantitative analysis of market places.
Project Management in Context - MMGT 6013
Projects are key to the success of organisations be it through the introduction of new products, the implementation of new processes or the opening of new markets. It is not enough though for you to deliver a project in isolation. You need to consider how your projects fits with other projects and the broader organisation. The foundation of this unit is the Project Management Body of Knowledge (PMBOK) where you will learn the essential components of project management and how to manage a project to success. Building upon this you will also learn how to maximise the value of your project. You will come to understand the benefits, and mechanics, of programmes, project management offices and effectively managing any organisational change with your project. The unit can contribute to you achieving internationally recognised accreditation from the Project Management Institute (PMI).