About the Courses
The Adelaide MBA program consists of 10 core courses and 2 elective options designed to develop leaders who wish to advance their career, gain valuable skills and insights and expand their business networks
We ensure that our Adelaide MBA students are engaged in a rich, transforming personal and educational journey. We recognise that for our students this journey is about strengthening the many skills they already have, of sharing them with their colleagues and for the chance to interact with their peers, developing lifelong career and personal networks.
To maximise your learning outcomes we recommend you undertake your studies progressively over 3 stages outlined below. Elective courses can be taken at any stage once you have completed the foundation coursework.
Foundation (Stage 1)
- Fundamentals of Leadership
To achieve success in today's competitive environment it is essential that managers develop the ability to interact positively with others, whether they be employees, employers, colleagues, customers or suppliers.
Positioned at the beginning of the MBA program, Fundamentals of Leadership encourages students to explore issues and develop personal skills central to leadership. By exploring self-awareness, students will be well placed to broaden their understanding of others. Topics include written and oral communication skills, team skills, conflict management and stress management.
- Accounting for Managers
Develop the essential ability to use complex accounting information as a platform for decision-making. Build an increasingly sophisticated level of understanding of the language of accounting and its key concepts. Develop skills in interpreting earnings statements, balance sheets, and cash flow reports. This ability to analyse financial statements will enable you to deal more effectively with strategic options for your business or business units.
Strong foundations in financial analysis, and development of crucial basic accounting skills will also enable you to develop a management accounting focus. Gain highly relevant skills in areas such as budgeting, product and service costing and short-run decision making. Such skills, ability and knowledge will enable you to more effectively identify profitable opportunities and to contribute significantly to better management within your own organisation.
- Marketing Management
Marketing Management This course offers a complete introduction to professional marketing thought and action. The course explains the nature and purpose of marketing, followed by the fundamentals of each of the most important marketing tasks. It analyses the business need for customer orientation, the evaluation of markets and the targeting of market opportunities. There is then assessment of buyer behaviour and the role of market information. In addition, the course explains how to integrate product and service decisions with those on pricing, distribution and promotion - and why this is necessary.
- Managing Contemporary Organisations
This course will expose you to key influences and perspectives on the management of organisations and the issues that are dealt with by managers day-to-day. An extension of "Fundamentals of Leadership", the course provides the background and theoretical framework for more advanced studies in business management.
Although initially theoretical or even 'philosophical' in nature, topics covered are designed to provide students with the foundation for practical action in the field. The ability to analyse and to think clearly and independently about these issues will be the basis of effective action.
Managing Contemporary Organisations begins by examining the nature of 'organisation' as an 'open system'. We then look at the management challenge in relation to various facets of organisation - learning, motivation, politics, performance, ethics, culture, innovation, decision-making, structure and change. Throughout the course there is an emphasis on thinking about and asking important questions, rather than fixing on 'right' answers.
- Economics for Management
Get an introduction to economic thinking and its relevance and application to managing organisations. The first part of the course deals with the structure of markets, including perfect competition, monopoly and oligopoly, and the competitive regulatory environment. The second part deals with the determinants of the aggregate level of output and employment, and elements in the determination of macroeconomic policy including interest rates, inflation and foreign trade and capital flows. The focus of the course is on current issues and their implications for managers and competitive organisations.
- Managerial Finance
This course introduces you to the world of modern finance, especially to the financial operations of business. It covers the concepts of time value of money, asset valuation, risk and return paradigm, capital budgeting, financing, and payout decisions, and derivatives.
Upon completion, you will be able to value bonds and stocks, estimate asset returns according to their risk characteristics, and choose projects that maximize shareholder's wealth using a wide range of analytical tools. You will develop a good understanding on how firms finance their capital expenditure on their investment and the levels of dividends and other payouts for their shareholders. Finally, you will gain a basic understanding on derivatives such as options and futures, and apply them for sound risk management practices.
- Strategic Management
Strategic management is concerned with the long-term direction, scope and performance of an organisation. It draws on other disciplines (such as marketing, finance, economics, and organisational behaviour) previously studied in the MBA. Whether the overall 'strategy' of an organisation emerges from the interplay of functional departments or is a 'grand plan' devised by one group, its implementation takes place at the functional/process level where goals, plans and actions need to align with other departments as part of a coherent orientation. Hence all managers need to understand how their roles and functions are part of the overall strategy of the organisation.
- Research for Decision Makers
This course is designed to develop skills in designing, conducting and evaluating action research in the context of management practice. Action research is a methodology commonly used by management practitioners to affect change. It is an iterative, cyclical, collaborative approach to identifying, critically and reflectively analysing, evaluating and synthesising data in relation to a given problem or question. Practitioners are simultaneously learners, researchers and agents for change. This approach is particularly useful when dealing with complex and complicated systems as it allows practitioners to respond to the emerging and changing needs as the situation changes with each iteration of the process. Students will consider leading theories in this field, the relationship between action research and other common business research methodologies and the relationship between action research and complexity and systems theories.
- Social Enterprise Project
Social enterprise uses a business model of buying and selling goods or services but, unlike a traditional business, its prime motivation is to fund or support social causes. Such causes might include reducing poverty, providing employment for various societal groups or tackling environmental problems. Unlike charities, social enterprises derive their income from business activities, not donations. We are asking our students to either contribute in a unique way (e.g. an improvement program or innovation) to an existing social enterprise project anywhere in the world, or create one themselves. This provides students the opportunity to apply their business acumen to make a difference in the community.
As the final 6-unit course (equivalent to two courses) in the Adelaide MBA, this group project aims to draw on all the new skills and insights that students will have developed up to this point including both technical skills like accounting and marketing and more developmental experiences in systems thinking and leadership. The project group will have academic supervision.
- Systems Thinking for Management
Today's complex problems and challenges can no longer be tackled with the narrowly-focused, unconnected thinking of the past. Leaders must make important decisions in complex environments in which finance, economics, people and nature are all highly interconnected.
This course contributes to the development of new era leaders by equipping students with knowledge and skills in the art of systems design and interconnected thinking. It introduces concepts, theories, and cutting edge tools for understanding the multi-dimensional character of complex systems, how to identify leverage points for systemic interventions and how to develop strategic or master plans that will have long lasting effects. Group projects provide unique learning opportunities to gain firsthand experience of integrating different areas of interest and learning throughout the MBA program. This enables participants to develop effective solutions for managing the complex issues that face our organisations and our society.
- Managing in a Global Context
This course will prepare students for a leadership role in the globalised world. It provides an overview of the diversity and complexity of the global environment and how that environment affects local, national and international organisations. It introduces core theories and frameworks that guide systematic thinking about aspects of economic, institutional, and cultural diversity across and similarity between countries that matter in the context of managing a contemporary organisation. It will help students to develop a managerial global mindset and acquire skills to leverage this diversity and similarity for value creation in the organisational context. Students will learn to identify challenges and opportunities brought about by globalisation, generate insights necessary to manage them successfully, and build skills needed to become a successful leader in the global environment.
Other elective options are offered each trimester across various discipline areas including People Management, Law, Technology/Project Management, and Business Improvement. Feel free to Contact us for further information on currently available elective options
Some MBA classes are delivered during the day, evening and weekends to suit the different professional and personal needs of our students. Outside of class students can generally expect to spend around 8 – 10 hours per course with readings, assignments and exam preparation.
You can find a copy of the 2016 Adelaide MBA timetable here.
Register for one of our upcoming Information Sessions if you wish to discuss courses and elective options in further detail with Adelaide MBA staff, alumni, and Program Director Mr Damian Scanlon.