The MBA in International Business Practice is structured around a group of core modules, a number of electives and a Management Project. In the first year, students complete four core modules. These are: Managerial Accounting and Finance, Organisational Behaviour and Leadership, Global Business, and Strategic Management, which includes participation in Capsim business simulation. In addition, candidates follow a module in Business Research Methods and Fieldwork. While candidates are completing these modules they are working full time.
The degree is completed with a four-month fieldwork programme based in Bangkok. Prior to the fieldwork experience, candidates take two modules from the following four electives: Principles of International Finance, Global Marketing, Managing Change, and Operations & Supply Chain Management. Following on from the Module in Research Methodology undertaken previously, candidates will also complete a an MBA Management Project. This is expected to be approximately 15,000 words in length, preferably based on field research conducted in the Asia Pacific region.
Managerial Accounting and Finance
In addition to preparing financial statements, managers need to know how to analyse accounting and financial data to support and evaluate a company’s business goals and to develop appropriate financial strategy for its future. This module is designed to teach graduate students how to develop and analyse various and appropriate financial data, and to understand the important relationship between financial instruments , decision-making and business strategy.
On completion of this module graduate students will be able to do the following:
- Understand, analyse and interpret financial statements.
- Describe how the concepts of recognition, valuation and classification apply to business transactions and why they are critical factors in ethical financial reporting.
- Prepare financial statements from an adjusted trial balance.
- Use a financial statement to evaluate liquidity and profitability.
- Analyse statements of cash flows and determine cash flows from investing and financing activities.
- Apply accounting principles and financial theory to strategic decision making.
The aim of this module is to provide graduate students with both a theoretical and practical understanding of the complexity of the globalisation process and its impact upon the activities of multinational enterprise. It also examines the importance of regional business for the development of global competitive advantage and regional integration.
By the end of the Module, students will be able to:
- Demonstrate an understanding of the main analytical and technical skills of evaluating international market opportunities, conducting international risk analysis and developing appropriate frameworks for managing international business operations.
- Select, evaluate and apply appropriate theoretical frameworks to operational and strategic problems facing international business operations.
- Evaluate the main regulatory frameworks, which shape and constrain the conduct of business within the Triad: European Union, USA and Asia Pacific and develop competitive strategies for doing business in the Triad.
- Analyse the macroeconomic, political and cultural environments of the emerging market economies and the forces for change within them and make strategic recommendations for firms wishing to enter emerging markets.
Business Research Methods and Fieldwork
By the end of this Module, students should be able to:
- Identify various philosophical approaches to research and understand their implications for problems in International Business.
- Select, justify and utilise primary and secondary data collection.
- Identify and apply research methodology appropriate for their research project.
- Recognize the importance of undertaking research ethically and have applied this to their own field research.
- Report their research findings in forms that are appropriate to both academic and organisational audiences.
This module builds upon the core module Managerial Finance and Accounting. It provides a more specialised and technical understanding of International Corporate Finance. Key corporate financial issues are explored including exchange rate exposure, taxation, securities pricing, the cost of capital, and the evaluation of foreign projects.
Upon completion of this module graduate students will be able to do the following:
- Demonstrate an advanced understanding of how international trade flows are influenced by global economic factors and international capital flows are influenced by country characteristics including currency fluctuations.
- Critically explore and evaluate the complex parameters of the valuation model for multinational corporations.
- Discuss the influence of inflation, national income, government policy and inflation on international trade flows.
This module provides students with a high-level understanding of the principles and practices of marketing in global markets. The importance of ethical, legal, cultural and political norms are reviewed with a particular emphasis on North American, European, and Asian markets.
By the end of the Module, students should be able to:
- Critically assess a range of approaches to global marketing.
- Evaluate marketing needs within the context of a specific geographical region and organisational context.
- Critically review the opportunities and challenges of entering a foreign market while addressing local market needs.
- Demonstrate a detailed appreciation of the legal, political, cultural and ethical requirements of different countries and markets.