Business and Economics Monash MBA doc

The Monash MBA – the MBA for people who believe business should be better Consistently placed amongst the top MBA programs in Australia, the Monash MBA offers a new approach to the devel

Business and Economics

Monash MBA

Top ranking MBA offered by top ranking university

Monash University is ranked in the top 1% of universities worldwide, according

to the Times Higher Education World University Rankings

The Monash MBA is consistently ranked amongst the top MBA programs in Australia and is highly regarded by organisations and businesses worldwide The program’s international standing is reflected in its accreditation by the Association of MBAs (AMBA) It is just the third such program in Australia, the first in Victoria and only ‘Group of Eight’ university, to be recognised by AMBA AMBA, based in the UK, is the international impartial authority on postgraduate business education AMBA’s accreditation service is the global standard for all MBA programs Currently MBA programs in 168 business schools in 72 countries have AMBA accreditation

The MBA program is offered by the Faculty of Business and Economics The Faculty is one of a small number of elite entities worldwide that have been awarded accreditation by EQUIS, the European Quality Improvement System based in Brussels

EQUIS schools are assessed against standards of quality that prevail in the best institutions all over the world EQUIS is the leading international system

of quality assessment, improvement and accreditation of higher education institutions in management and business administration

The fundamental objective of EQUIS, linked to the mission of the European Foundation for Management Development (EFMD), is to raise the standard of management education worldwide The scope of EQUIS covers all programs offered by an institution from the first degree to the PhD

“Today’s business environment needs a new calibre of transformative leaders

- leaders who are able to conceive

new visions, who promote ethical,

sustainable practices and who are

able to meet emerging challenges

head on

The Monash MBA is uniquely

positioned to support the

development of these leaders.”

Professor Colm Kearney Dean, Faculty of Business and Economics

“Traditional management skills are

no longer enough To truly make a difference, corporate leaders must also have a deep understanding of their social responsibility and the

impact this has on their business

The Monash MBA addresses both of these elements.”

Associate Professor Amanda Pyman

BCom (Hons) PhD PGCHE

MBA Director

Amanda’s pedagogical approach centres on the co-creation of knowledge, and is underpinned by student participation, case study based teaching and interaction MBA students are encouraged to draw

on their own work experience and that of others in debating, applying and critiquing knowledge, theory and analytical tools

In leading the MBA program, Amanda draws on her work with organisations in the public and private sectors in Australia and in the UK Amanda also teaches Managing People for Competitive Advantage

In 2011, Amanda was the recipient of a Dean’s Commendation for Excellent Teaching and is renowned for her teaching excellence

The Monash MBA – the MBA for people who

believe business should be better

Consistently placed amongst the top MBA programs in Australia, the Monash MBA offers a new approach to the development of corporate and community leaders Here, you will learn how to manage, lead and transform organisations but you will do so in a unique way

You will examine and develop your individual leadership and personal

capabilities You will learn to approach business challenges in a holistic way, guided by a professional and ethical framework Innovative thinking and

entrepreneurship will be encouraged and grown And you will do all this while considering how you can make business better

The Monash MBA has an integrated focus on ethics and sustainability,

leadership, negotiation and strategic decision-making with flexible course

delivery in a combination of intensive and traditional semester modes

Management Essentials

During the Monash MBA you will build on your existing management skills and knowledge, readying you to lead and manage whole enterprises Extending beyond business fundamentals, you will gain expertise in applying your

business skills in a variety of settings

Social Responsibility

Our curriculum includes an integrated focus on ethics and sustainability Here, you will explore moral issues facing contemporary business leaders and you will consider the impact of value-based decisions in the business world

Leadership and Personal Development Program

The Monash MBA’s Leadership and Personal Development program is unique Fully integrated into the core curriculum, it builds on the academic program seeking to assist you to improve your leadership capabilities and to promote your career The Monash MBA Leadership and Personal Development Program

is based on the belief that empowering MBA students in the behaviour-based areas of leadership and personal development is of equal importance to the business and commercial skills gained from the academic curriculum

Corporate Projects

Our exclusive corporate project, completed in the final quarter of the course,

is an experiential component that offers you the opportunity to apply the

qualitative and analytical skills covered in the preceding 12 units of the program

in the context of a defined ‘live’ business problem

Program Duration

The full-time program is usually completed in two years and the part-time program in four years

However, there is an option for full-time students to accelerate progression through the first 12 units to complete the coursework part of the program

in one year of full-time study followed by the corporate project in one

semester This option is based on academic merit

Part-time students may accelerate progression to complete in 2.5-3 years

Associate Professor Vivek Chaudhri BEc PhD

Strategic management MBA5005, Negotiation and managerial judgement MBA5500

Vivek is Deputy Head of the Department of Management at Monash University His areas of interest include applied game theory, business strategy and policy design

Vivek has worked extensively with the Victorian and federal governments on the design of auction formats and market methods in a number of different policy realms He has also been actively involved in the strategy consulting arena, having advised the Boards and senior management of many private and public institutions, in Australia and internationally, on issues ranging from real options in valuations to designing organisational architectures

Dr Paul Kalfadellis BCom GradDip AppSc MBA PhD

The strategic environment of business MBA5510

Paul is an enthusiastic and energetic educator who engages and encourages students to learn in an open, inclusive and interactive environment In 2007 he was awarded the Dean’s Award for Teaching Excellence A Monash MBA Alumnus himself, Paul has had extensive experience in both industry and academia His research interests lie in the areas of foreign direct investment into Australia and cross-cultural communication

Dr George Rivers BEc MEc PhD

Business economics MBA9003

George is an economist specialising in cost benefit analysis; legislation assessment; project/program evaluation and pricing He has received numerous awards for teaching George has undertaken collaborations with the Department

of Natural Resources and Environment, the former Victorian Qualifications Authority, COAG; The Department of Sustainability and Environment; The Department of Community Planning and Development; The Department of Primary Industries; The Department of Justice; VicRoads; Energy Safe Victoria; Royal Botanic Gardens and Alpine Resorts

Dr Dayna Simpson BSc MEng PhD

Creating innovative organisations MBA5540

Dayna brings international experience into the MBA classroom, having worked in both the US and Australia She is passionate about ‘responsible’ innovations that benefit companies financially but are also socially and environmentally beneficial Her experience over 15+ years working with companies on this topic has shown that creativity, employee involvement and investment is key Dayna encourages students to think outside the square and not to accept the status quo

Dr Srinivas Sridharan BEng MSc MBA PhD

Strategic marketing MBA9006

Having taught for over a dozen years in leading business schools in three countries, Srinivas believes that true learning occurs deep inside the mind of the learner Teaching Strategic Marketing in the Monash MBA with case studies, he encourages personal responsibility, learning from peers, and a decision orientation in students

Srinivas is a respected researcher in the area of marketing in emerging markets and informal economies, with his work profiled in The Wall Street Journal, Economist Intelligence Unit, and Profit Magazine

Dr Wendy Stubbs BAppSci MBA PhD

Creating sustainable organisations MBA5520

Wendy combines her 18 years business experience with her ongoing research into corporate sustainability, to provide

a hands-on course in Creating Sustainable Organisations The course helps students navigate their way through the social, environmental and economic sustainability issues facing business today Through case studies and guest speakers from leading sustainable organisations, students learn how to develop and implement a business strategy for sustainability

Dr John J Vaz BBus MBA PhD MAICD

Corporate finance MBA9005

John is passionate about finance and believes that every executive should be capable of measuring decisions in terms

of intrinsic value His goal is to empower his students to win the business argument with the CFO in financial terms

He is a formidable teacher who uses cases and simulations in Finance drawing on his many years of experience in chief executive and financial officer roles from start-ups to large enterprises in the Tech sector across many countries

Professor Steve Worthington BSc Ec (Hons) CertEd MBA PhD

Strategic marketing MBA9006

Steve joined the Marketing Department at Monash in 2002, prior to which he worked at several universities in the United Kingdom (UK) and he has had executive experience at a UK bank and with a UK supermarket group

His research interests are focused on the distribution of financial services, particularly through the channel of payment cards Recent publications have focused on the opportunities and challenges facing new entrants into the financial services market, particularly from brands such as Tesco Bank and Virgin Money and on the attitudes of the young, affluent Chinese, as early adopters of credit cards

The Monash MBA – a sophisticated

educational experience

Aimed at the experienced professional and those professionals in transition, the Monash MBA offers a sophisticated educational experience We carefully select talented professionals who have the drive and ambition to move up to executive status, and who have the personal attributes and management to succeed

You will proceed through the course in a diverse, highly capable cohort

of peers This means that you not only benefit from the knowledge and

experience other students ‘bring to the table’ but you can build an invaluable professional network

Accordingly we are highly selective about the individuals admitted into the

program In addition to demonstrating potential leadership capabilities and ambitions, each must contribute to the diversity of background and insight within their group We look for team players who are independent thinkers We select individuals with a truly international outlook

Rigorous Curriculum

At Monash, you will be expected to actively contribute to a rigorous program

of insight and endeavour You will be required to be confident, to be innovative and to seek to improve your own personal qualities You will work hard but the outcomes you gain will be invaluable

The Monash MBA thoroughly addresses current management and leadership practices, but it goes well beyond that Overlaid by the Leadership and

Personal Development program, and including two major strategic corporate projects, the curriculum is comprehensive, aspirational and distinctive

The Cohort Experience

You will complete your studies with a group of like-minded students Our MBA units of study are exclusive to MBA students, and you will not be expected to undertake units outside of the program

You will complete your studies in dedicated MBA teaching and social learning spaces Teaching staff will be located in the same area, promoting interaction outside the classroom

A Flexible Approach

The Monash MBA offers flexibility in course delivery enabling you to accelerate your progression, should you wish to do so Units are delivered in a

combination of intensive blocks and conventional semester modes (including some weekends), offering a more problem-based and work-based student experience, appropriate to the professional status of the student cohort Part-time students will be required to attend some weekday classes

Outstanding Academic Staff

The Monash MBA is distinguished by the calibre of its academic staff Many are internationally recognised for their expertise in the economic, social and technological forces shaping today’s corporate sector They fully recognise the importance of grounding management theories in practical situations

Experienced industry practitioners complement the mix Recognised for their various capabilities, business leaders exclusively present their unique insights into cutting edge leadership practices during the program

The Monash MBA – a dynamic community

The Monash MBA aims to create and build a unique student experience where partnerships with co-students, MBA alumni, industry practitioners and other institutions are developed throughout the life of the program and beyond You will build strong professional networks with your fellow students, and you will also have the opportunity to forge strong connections with individuals drawn from both the corporate and not-for-profit sectors across international boundaries

As an MBA alumnus, you will have an open invitation to use the social learning space MBA alumni regularly contribute to the MBA curricular and co-curricular programs as guest speakers or mentors

Learning Beyond the Classroom

At Monash, learning extends well beyond the

classroom

MBA students and alumni are invited to participate

in the wide range of exclusive co-curricular activities

offered each year

Co-curricular activities include: alumni and student

distinguished guest speaker events and forums,

master-classes and ‘People Leadership Connect’

forums In 2011, our distinguished guest speakers

at Monash MBA Events included: Mr John Brumby

(Vice Chancellor’s Professorial Fellow) and Vivek

Tulpule (Chief Economist, Rio Tinto)

Copyright © 2010 Rio Tinto

The Monash MBA – inspiring course content

The Monash MBA brings together the best aspects of the top MBAs around the world

It aims to develop individual leadership and personal capabilities and provide

a holistic approach to business challenges and issues alongside conventional discipline-based academic subjects

The 16-unit Monash MBA integrates the academic content of the program with the Leadership and Personal Development program It includes:

■ Four integrating core units (context setting)

■ Critical thinking for problem solving

■ The strategic environment of business

■ Negotiation and managerial judgement

■ Strategic management

■ Eight fundamental units in key business disciplines

■ Business economics

■ Business insights from data analysis

■ Corporate finance

■ Creating innovative organisations

■ Creating sustainable organisations

■ Interpreting accounting information

■ Managing people for competitive advantage

■ Strategic marketing

■ A strategic corporate project (equivalent to four units)

Our Unique Corporate Project

During the final quarter of your MBA studies at Monash, you will participate in an experiential learning component that hones the qualitative and analytical skills covered in the preceding units of the program into practical, real life activities The corporate project comprises three elements

■ A consulting skills unit delivered in block mode (one week of classroom delivery) and entails the development of a broad set of consulting-specific skills

■ The Community Corporate Project - a group project (one week ‘in company’) completed in the not-for-profit or community sector

The rationale for this is consistent with the broader aims of the Monash MBA program to develop future leaders, and the recognition that business and its leaders are situated in the wider community and hence have an obligation to that community

Examples of community projects being completed by Monash MBA students in 2012 include: strategy implementation; marketing and branding; scoping new business ventures; building organisational capability through team performance, organisational values and workforce development plans; and, utilising information and communication technologies to provide client-directed approaches to service delivery

■ The Individual Corporate Project - an individual ‘in company’ project students complete in the corporate, public or community sector

There is a suite of possible projects that host organisations have

Corporate Project

Fundamental

Units

Leadership and Personal Development Program

Context Setting

Units

Course Structure

Leadership and Personal Development Program Sequence

Part A

Activities

Monash MBA Induction Introduction to MBA Program Introduction to Networking Your Personal Leadership Style Introduction to Reflective Leadership Introduction to Career Management Returning to Study - Skills Audit Effective Research Techniques Using the Case Study Method Presentation Skills

Reflective Leadership e-Portfolio

Related modules and units (see page 12 – 13)

Modules 1& 2

Foundations of Business in a Global Context Mastering Business Fundamentals

Units The strategic environment of business

MBA5510

Critical thinking for problem solving

MBA5530

Business insights from data analysis

MBA9007

Managing people for competitive advantage

MBA5008

Part B

Activities

Leadership Philosophy and Reflective Practice Reflective Leadership e-Portfolio

Master Class Series

Related modules and units (see page 12 – 13)

Modules 2 & 3

Mastering Business Fundamentals

Module 4

Leadership and Ethics

Units Managing people for competitive advantage

MBA5008

Negotiation and managerial judgement

MBA5500

Strategic marketing

MBA9006

Creating innovative organisations

MBA5540

Part C

Activities

Career Management Advanced Networking Communication Strategy 1:1 Career Coaching Monash MBA Alumni Opportunities

Related modules and units (see page 12 – 13)

Module 5

Strategy in Practice

UNITS Strategic management

MBA5005

Corporate Project

MBA5400 MBA5410