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The objective of this unit is to explore the human dimension of the organization by providing exposure to theories, concepts and experiments related to the behaviour of individuals and groups generally and at the place of work and to acquaint them with the major issues, problems and practices of contemporary human resource management. Some of the topics covered are motivation, leadership, work groups, interpersonal communication, recruiting and selecting human resources, training and development, performance appraisal, employee rights and discipline, health and safety and compensating human resources.
The objective of this unit is to introduce participants to the basic accounting and costing concepts and procedures. Emphasis is given to the understanding of accounting and costing methods of organizing and analyzing financial and costing data in such a way as to help managers in the decision making process. This unit covers: the accounting equation, the double entry system, trading and profit and loss account, balance sheet, manufacturing accounts, financial statement analysis, cash budget and projected statements, absorption and marginal costing methods, (classification of costs, cost centres, over-and-over absorption, cost behaviour, break-even points).
These two units provide an understanding of the methods, tools and techniques used in the scientific approach to the analysis and solution of management problems. The major topics covered include: linear programming, the transportation problem, the assignment problem, business forecasting, project management, waiting line models, decision theory, simulation, game theory.
This unit examine the increasingly important role of Information Technology in Business Information Systems. The main topics covered include: the machines and their functional parts and how they work within the information system, the techniques, procedures and tools used to develop an information system. It also outlines the general purpose software and new technologies available today to the manager.
The objective of this unit is to provide the participants with basic analytical tools dealing with the most important economic problems both at the micro as well as at the macro level. Upon completion of this unit, participants should be able to develop an appreciation of the major economic forces that operate in the economic scene and of the tools managers use in making rational managerial decisions.
The objective of this unit is to introduce basic statistical concepts and techniques that deal with processing, analysis and interpretation of numerical data with applications to business and economics. The topics covered are: frequency distributions, measures of location and variation, probability, probability distributions, sampling distribution, hypothesis testing, linear regression, analysis of variance, time series analysis.
Management Concepts and Practices This unit is designed to introduce the fundamental management concepts and functions and also to provide a comprehensive insight of major contemporary management issues. It reveals the unity of purpose of the specialized management aspects dealt with in the other subject units and enables the participants to understand and learn to apply their knowledge in business situations. Major topics covered: concepts of management and evolution of management theory, management functions (planning, organising, controlling), decision making, managing organisational change, learning organisations and the business emerging environment.
This unit introduces participants to the theory and application of modern marketing and marketing research. The major topics covered include: the critical role of marketing in organizations and society, strategic planning, marketing information systems, buying behaviour, market segmentation, measurement and forecasting of market demand, product life cycle, pricing, distribution and promotion decisions, organizing, implementing and controlling the marketing effort. The unit also furnishes the participants with knowledge on marketing research and it gives participants the opportunity to carry out a complete research project and submit a written report for evaluation.
International competition, environmental concerns, ethical issues and technological developments make operations management one of the most challenging fields in the today's business world. This unit aims to provide participants with an appreciation of the critical importance of strategic decisions in operations management. It focuses on product and process design, process analysis, job design, capacity planning, location of facilities and layout of facilities. Independent and dependent demand inventory models, (JIT and MRP concepts are discussed), aggregate planning, master scheduling, planning for high volume products, operations scheduling and project planning. Company visits are incorporated in the unit.
This unit provides the participants with an overall view and the perspective necessary for understanding the complex organisation the European Union is. Emphasis is given on the European integration, the role of the European institutions, the economic and other policies and the mechanism of the large European market. The major topics covered include: the European integration, the institutions of the European Union, the customs union, the common market, the economic and monetary union, the regional development and social progress the common agricultural policy, the European Union in the world and current issues.
The objective of this unit is to give participants the opportunity to develop and enrich their understanding of their own behaviour and the behaviour of others in the organization environment. The focus is on creating a learning set-up that will allow them to experiment and improvise so as to gain practical experience on major human resource management issues.
The objective of this unit is to provide an understanding of the basic functions of business finance with emphasis on the framework for decision making in the financial field. It covers the financial environment, investment appraisal, introduction to risk and return, portfolio theory and capital asset pricing model, equity share capital, long-term debt finance, share price valuation and the cost of capital, capital structure policy, financial planning and management of working capital and international finance.
Productivity and Quality Management The objective of this unit is to enable the participants to appreciate and understand the importance of productivity and quality issues in management today. The unit furnishes the participants with the necessary knowledge about the major widely applied modern productivity and quality improvement techniques, methodologies and systems and the skills required in diagnosing the business needs, selecting the appropriate tool and/or designing the appropriate improvement programme to meet these needs. Topics covered include: productivity concepts and models of measurement, integration of productivity and quality, quality management systems (TQM, benchmarking, KAIZEN, ISO standards), cost of quality.
Management Accounting Workshops The objective of this unit is to enable participants (through individual and group work, case studies and reports) to gain practical experience in the use of accounting methods and systems as an aid to management decision making.
Feasibility and Appraisal of Projects The main objective of this unit is to provide the participants with a solid understanding of the main components of a project and also the necessary skills for preparing and appraising feasibility studies. At the end of the program participants should be able to prepare feasibility studies and understand the principles of critical appraisal techniques for project proposals. The topics of this unit are: the project appraisal process, market analysis, technical analysis, organizational aspects in project appraisal, quantitative criteria, making necessary assumptions and preparing projected financial statements, financial appraisal, economic analysis, sensitivity and risk analysis, writing and presentation of a feasibility report.
The objective of this unit is to help the participants develop an understanding and appreciation of how goals and strategies are determined and how the major functional areas are integrated through top management strategic decision making. Through case studies, this unit attempts also to help participants develop their skills and abilities to present decisions taken in complex business situations. The topics covered are: Introduction to Strategic Management, Strategic Analysis, Strategic Options, Strategy Evaluation, Strategy implementation, and case studies on Strategy Analysis and Strategic Decision Making.
All the MIM participants are expected, as part of the requirements of the Diploma in Management, to submit before the end of the program a project report. The objective of the project work is to give to participants the opportunity to study in depth a subject of their interest, analyse critically a specific situation and come up with certain conclusions and recommendations. The topic of the project should be in the area of the participants' specialisation.
Specialization units GENERAL MANAGEMENT Business Planning and Budgeting The objective of this unit is to train participants in the preparation of marketing, production and financial plans, point out the interrelationship of the three types of plans and stress the importance of planning in achieving business goals. This unit covers: fundamentals of profit planning and control, comprehensive profit planning and control, sales planning and control, planning production, planning and controlling materials and labour, planning expenses, development and application of variable budgets of expenditure, planning and controlling capital expenditures and cash, completion and application of the profit plan and performance reports for management control.
The objective of this subject unit is to present and examine in depth the basic concepts and techniques of O & M so that the participants will be able to organize and control office work more effectively. The topics covered are: what is O & M, procedures and methods improvement, forms design and control, office layout and space management, work measurement in the office, records management and micrographics, business reports.
Productivity and Quality Improvement Applications The unit is designed to enable the participants to implement productivity and quality improvement methodologies, techniques and systems in their business environment and to enhance participants' capabilities in designing and implementing productivity/quality improvement programmes. The unit is focused on project work (individual and group) and the collective evaluation and sharing of experience, providing thus the opportunity to gain practical experience. The tools, techniques, models and systems to be covered include: total and partial factor productivity measurement, multifactor productivity measurement, initiation of total quality process, learning organisation and total quality management projects, diagnostic tools and quality audits, continuous improvement KAIZEN and 5S projects, productivity and quality improvement tools and techniques.
MARKETING MANAGEMENT This unit examines how the selling function is organised, planned and controlled within the business organisation. The major topics covered include: the duties and responsibilities of sales managers, sales force organisation, selection, training, compensation, supervision, evaluation and motivation, setting sales targets and quotas, organising sales territories, preparing sales budgets and analysing marketing and sales costs.
Integrated Marketing Communications The objective of this unit is to furnish participants with the relevant knowledge concerning marketing communications concepts. Topics covered are: The nature of Marketing Communications and their role of Persuasion, the Advertising Agency and the Advertiser, Creative Advertising Strategies, Message Appeals, Advertising Media, Direct and Catalogue Marketing, Telemarketing, Public Relations and Publicity, Sales Promotion and Consumer-oriented Sales Promotion, Live Advertising Workshop.
To present to the participants an overview of the international business environment, and how the continuing globalization has forced businesses to become more sophisticated about international marketing. The unit also demonstrates how to apply the marketing principles in foreign markets. Topics covered are: the organization of the international firm, global marketing strategies, international marketing research, product decisions, pricing policy, channels of distribution, marketing of services and the future of international marketing.
OPERATIONS MANAGEMENT Operations Management Workshops This unit amplifies on the concepts and techniques of Operations Management introduced during the second term and helps participants get a better understanding and confidence for applying these in the real business environment through the use of case studies.
To give the participants an in-depth knowledge of automation technology in modern manufacturing and service organisations, to make them aware of the economic as well as technical issues related to automation and to introduce them to the concept of Total Productive Maintenance which is a new approach to Plant Maintenance that combines Preventive Maintenance with Total Quality Control and Employee Involvement.
The objective of this unit is to give participants an understanding of the principles underlying the various statistical control techniques and prepare them for the effective design of appropriate sampling plans and correct interpretation of the results. It covers the various form of control charts for statistical process control and of acceptance sampling techniques.
Other Relevant Information Tuition Fees The tuition fees for the 1999/2000 program are C£2.000 and are payable in three installments at the beginning of each term. Fees for Cypriot participants are paid by their sponsoring organization. Other Expenses The cost of purchasing the required books is approximately C£350. Living expenses (housing, food and incidentals) for an 11-month stay in Cyprus approximate C£3.000. |
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