Master of Management
Course Structure (From 2014)
The Master of Management is comprised of 9 units of study: 7 specifically designed core units (42 credit points) a 2 unit of study compulsory business project (which is the equivalent of 12 credit points) and a capstone unit of study.
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
- MMGT 6004 Managing People and Organisations
- MMGT6008 Global Marketing Management
- MMGT6011 Team Work and Innovation
- MMGT6012 Business Tools for Management
- MMGT6013 Project Management in Context
(ii) Business Project
(iii) Capstone unit
- MMGT6100 Advanced Management Applications
(i) Core unit
MMGT 6001: Strategy and Entrepreneurship
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.
MMGT 6003: Accounting and Financial Management
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.
MMGT 6004: Managing People and OrganisationsInternational
This unit introduces students to the management of people and organisational processes, with the special focus given to the international context of management practice. It explores the functions of management and the critical role of effective human resource management and leadership of the business enterprise. Key managerial decisions covered include: effective teamwork; managing organisational change and innovation; and the central role of leadership in all areas of the business enterprise. Students will be exposed to insights from the following three business knowledge streams: Organisational Behaviour, Human Resource Management, and Cross-cultural Management.
MMGT 6008:Marketing Management in the Global Environment
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.
MMGT 6011:Team Work and Innovation
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.
MMGT 6012: Business Tools for Management
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.
MMGT 6013:Project Management in Context
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).
(ii) Business Project (2 units of study, 12 credit points)
MMGT6101: MMGT Business Project
The Business Project Unit of Study, is designed to provide students with a real life learning experience. Most students are already familiar with various business disciplines through course work; however the interdisciplinary use of this knowledge and the capacity to translate it into practical solutions is often a new challenge. The project permits students to combine theory and practice - they learn how to analyse problems, develop recommendations and propose solutions to the problem. In addition to providing hands-on experience on how to deal with a business problem, the course also offers a unique chance to learn about how teams function. Students will work in small groups of four (4) or five (5) and partner with a real organisation over a ten (10) week 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, thorough to consultancy projects for large multinational corporations. Projects will be overseen by a specifically appointed consulting mentor 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 the client organisation, as well as to create and disseminate a Thought Leadership Piece on a topic linked to their challenge.
(iii) MMGT6100: Advanced Management Applications
This unit provides the core capstone experience in the Master of Management program and is configured around in-depth examination of concepts, practices and debates associated with a select number of a key innovations and emerging applications in contemporary management practice. While the specific themes chosen for examination will vary by session of offer according to the latest developments and emerging trends, prominent topics of interest to management practice may include: emerging organisational forms, e-technology, social media, social enterprise, intrepreneurship, executive coaching, globalisation, innovations in management consulting, top management teams, organisational diversity, management and gender, sustainability, corporate governance and social responsibility.