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ADVANCED MASTER IN INTERNATIONAL BUSINESS
Course Descriptions
1. International Financial Reporting Standards
This course will provide students with the essentials of financial accounting and
reporting. Upon completion, students should be able to read and interpret
financial statements for business diagnosis and decision-making. You will also
gain the necessary background and the conceptual base to continue mastering
more sophisticated issues of corporate reporting and finance on their own.
2. Fundamentals of Finance
This course is designed for students both financed and non-finance majors,
practitioners and others with a general interest in the subject matter. This is a
basic course on Corporate Finance, mainly focused on understanding
fundamental principles of finance and its application to real business. This course
teaches the fundamentals of finance from a variety of angles – value, risk and
return relationships, capital structure and payout policy, capital budgeting,
financial planning and working capital management – and focusing on how
corporations making financial decisions.
3. Fundamentals of Economics
The course aims at equipping students with the knowledge of fundamental
principles of micro- and macroeconomics and their relevance to managerial
decision-making. The module covers major theories and approaches to economic
policy, helping students to appreciate the impact of economic forces on strategic
and operational managerial decisions in contemporary organizations.
4. Business Strategy and International Business Development
In this course, devoted to Strategy, students will be looking into the whole
evolution of the business strategy and what will be the nearest future. In a very
intensive format participant of this course will get their hands-on-experience with
using all the classical and more controversial tools of planning, evaluating and
executing their strategies. Students will dive into the world of corporate strategies
as we as innovative examples of Tech “Unicorns” from so called startup's
universe of the Silicone Valley. The students will work on the real-time corporate
business cases, or take their endeavor with their own Startup, perhaps next Uber
or Airbnb.
Main benefits to the participants of the course: Expanded knowledge of business
strategy, international business and the practical skills required to develop
regional and international strategies. Develop the knowledge and skills required
to analyze company strategy and consult on how to confront complex strategic
challenges.Explore strategy and international business issues across a wide
range of national contexts
Gain the ability to design and evaluate internationalization strategies.
5. EU Corporate and Competition Law (including a comparative analysis of
US, EU and Russian Competition Law)
The content of the course is divided into two parts: the first part deals with the
history, nature, structure and legal system of the European Union, the second
one is dedicated to the material business law of the European Union: regulation
of the internal market, economic and monetary union, corporate and competition
law.
6. Quantitative Methods
This course is about quantitative methods, namely statistics, applied to the
business world. Specifically, we will focus on certain statistical competencies that
help managers make better decisions. We will start from scratch: I expect you to
have only the basic understanding of math. Everything else we will learn in this
class. As you will see, we will use a lot of business applications, and I am
concerned more with your understanding on how statistic works as opposed to
memorizing the formulas. This class will be unique in a sense that I will bring a lot
of non-statistical material to help you understand the world of decision.
7. Marketing
Marketing course consists of two parts: Fundamentals of Marketing (fall
semester) and Advanced Marketing (spring semester). The overall objective of
the Marketing course is to provide students with the basic understanding of
marketing concepts and theories. Marketing is not only understood within the
framework of traditional 4P model, but also in terms of interfirm and network
collaboration, relationship marketing, and value co-creation.
The first part of the Marketing course "Fundamentals of Marketing" aims to give
students the basic knowledge of the marketing discipline. It includes the major
topics of classical marketing, such as strategic marketing, relationship marketing,
consumer behavior, and marketing communications. The course includes a
number of case studies dealing with marketing decisions in organizations and the
role of marketing in the development of corporate strategies. Teaching methods
include lectures, guest lecture, individual and group projects, case studies, and
class assignments.
The second part of the course “Advanced Marketing” is based on the core
marketing concepts discussed in the first part of the discipline and their advanced
implementation within CRM, Digital Marketing, Social Media Management and
Viral Marketing, Customer Analytics and Marketing Research. In this course we
discuss basic tools and strategies of the mentioned areas and their application in
particular markets and areas such as B2B, Luxury and Services.
The course includes a number of case studies dealing with marketing decisions
in organizations and the role of marketing in the development of corporate
strategies. Teaching methods include lectures, guest lecture, individual and
group projects, case studies, and class assignments.
8. Workshop on Global Strategy and Cross-Border Merger and Acquisitions
This course examines the theoretical and practical aspects of multi-national
corporations operating in an international environment, problems and risks that
may be encountered and various bases for profitable operations. The course will
cover the aspects of global strategy development including when and how a firm
will use alliances, mergers, and acquisitions to enhance global competitiveness.
9. Corporate Governance
This course will provide students with skills to understand and influence strategic
decision making through the activity of the board of directors, understand risk
control and ethical considerations when it comes to leadership and managing
relationships with stakeholders. Students will be challenged to discuss and
develop their own understanding of general management theory, challenge
current modes of strategic thinking and generate new ideas to improve their
professional practice. Special attention is paid to issues of corporate governance
within companies which are not listed on stock exchanges and to procedures of
preparing for IPO.
10.
Change Management
The course «Change Management» shall provide business professionals with
the following knowledge and skills:
- Understanding why universally known recipes and approaches to introducing
changes in organizations fail in many cases of particular real organizations;
- Understanding key patterns, forms and consequences of resistance to changes
in organizations;
- Ability to diagnose the readiness for changes in various types of organizations;
- Ability to use practical tools of change management as well as models of
managing changes in real organizations.
11.
Leadership and International Dimensions of Organizational
Behaviour
Leadership and International Dimensions of Organizational Behavior studies the
relationship between good management practices and well structured
organizations. Management is the attainment of organizational goals in an
effective and efficient manner through planning, organizing, leading and
controlling organizational resources. We take a special look at leadership and will
introduce different theories of leadership behavior and practices. The course will
strongly emphasis the relationship of management with the other subjects given
during the Advanced Master of International Business, and will serve as a
capstone to these other subjects. Last but not least: leadership is a social
process. Understanding yourself as a leader, and the people you are leading, is
an important element of the toolkit of a leader. The course will be practical and
interactive, where students will write a paper using their own experience in
management and is combined with cases and teamwork.
12.
Business-informatics
Business informatics is a modern discipline that is built on intersection between
business studies, microeconomics and information technology. It is aimed to
provide methods and tools how to govern the modern business deeply connected
with Information Technology. IT adoption and governance is considered from the
earlier Porter models and includes also contemporary methods of building
enterprise architecture (EA). Students consider several successful IT start-ups
and analyse reasons of their success.
13.
Management Accounting
The Management Accounting is a one semester course and it is focused on the
process of making management decisions based on the information provided by
business – about its transactions and performance. This information can be
collected, processed and presented in certain way to assist in this process.
Among the topics covered are the calculation of cost per items for making
profitability decisions for different types of business activities or business units,
pricing decisions, choosing from alternative options while deciding on additional
costs or expenses or additional sales opportunities within limited production
capacities – what issues the cost accounting cares about. Special attention is
paid to the application of the cost accounting methods to merchandising and
service organizations. Cost analysis has a significant influence on the pricing
decisions and transfer prices. Also a part of the course is devoted to the planning
and budgeting process in the company as a management tool and variances
analysis. The discussion of modern methods of performance management such
as Balanced Score Card brings a special value of the program. The first part of
the course is devoted to the Cost analysis, the second part – covers aspects of
making managerial decisions, including the cost-volume-profit analysis,
evaluating relevant and opportunity costs for alternatives, considering uncertainty
and constraints, and evaluation of capital projects. The course has a Financial
Accounting course as a prerequisite.
14.
Operations management
The course will make students familiar with operations function of business
regardless of whether it is a manufacturing, trade or service company. Students
will learn how major elements of operations management are organized to
achieve effective production of goods and services.
15.
Workshop on Fundamentals of Enterprenership
The course «Fundamentals of Enterpreneurship» is aiming at two main
objectives. Objective number one – is to enable participants to turn their ideas
into revenue – generating business, as a family enterprise, startup, or in a
corporate environment. Objective number two is to help participants discover
their potential as an enterpreneures by making more understanable of what it
takes and how to manage it.
16.
Workshop on Government-Public Partnership and Lobbying
The module has both theoretical and practical application. The module goal is to
provide business professionals with the knowledge of various lobbying tools and
techniques used by businesses to promote and defend their interests towards all
public actors in Russia. It will cover main issues public affair team member has to
deal with in Russian business realities as well as deliver a complete set of
competences and skills necessary to increase company public reputation and
boost local support of authorities. The practice of lobbying actions of Renault
Russia will be presented with description of unique cases that ensured the
company business success in Russia.