| CODE | MGT2021 | ||||||||
| TITLE | Business Management | ||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 5 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Business and Enterprise Management | ||||||||
| DESCRIPTION | Objectives: Building on EMA1011 Introduction to Management & Applied Fundamentals, this unit provides an active and applied view of managerial competencies and the execution of key management functions engaged towards achieving organisational goals. Emphasis is made on the application of course material to current management issues and students are encouraged to interact and participate. Content: The unit introduces students to the complex ethical and social responsibilities facing organisations, managers and employees. Organisational culture and approaches to making ethical judgements are addressed, as are stakeholder forces and ethical dilemmas facing managers in an increasingly international scenario. The fundamental managerial function of planning and decision making is covered in detail. The strategic management process including its planning and implementation is thoroughly charted and various tools and models explored and applied. The fundamentals of decision-making are introduced. Main aspects of other key management functions are treated in relation to the context of business administration. The unit comprises lectures during which class interaction is encouraged - current cases are discussed and applied to illustrate theoretical underpinnings. Attendance at scheduled classes is mandatory and vital to the course - active listening should be supplemented with thorough reading. Participation is an important factor in the learning experience. Learning Outcomes: 1. Knowledge & Understanding By the end of the study unit the student will be able to: - Characterise and differentiate between different fundamental perspectives directed at sound, ethical decision-making; - Recognise basic underpinnings associated with ESG and CSR imperatives beyond mere mandated compliance – and direct this understanding towards effectively sustaining high performing, successful organisations; - Define and leverage various planning and strategic tools and approaches underpinning competitive advantage; - Compare and contrast different approaches to strategizing from real-world current events as they unfold in the media and business press; - Acknowledge and comprehend key elements pertaining to risk and uncertainty in relation to managerial processes and decision-making. 2. Skills By the end of the study unit the student will be able to: - Distinguish, identify and examine the implications of various types of decisions and their association with CSR fundamentals and ethical underpinnings; - Recommend decisions and strategic actions sensitive to various stakeholders’ contexts, aligned to ESG imperatives; - Analyse an organisation’s external environment in alignment with its internal resource capabilities; towards effective strategizing; - Use and deploy various planning and strategy tools and frameworks in order to establish a sound rationale for strategic direction recommendations; - Recognise and apply basic concepts associated with risk and uncertainty in relation to decision-making in context. Reading List; Core Textbook(s): - Slocum, J., Hellriegel, D., and Jackson, S. Latest edition. Management: A Competency-Based Approach. Ohio : South-Western / Thomson. - Griffin, R. W. Management. Latest edition. Boston: Houghton Mifflin. Supplementary Texts: - Robbins, S.; De Cenzo, D.; and Carolina, C. Latest edition. Fundamentals of Management: Essential Concepts and Applications. Latest edition. Pearson Publishers. - Hartley, R. F. Management Mistakes and Successes. Latest edition. New York: John Wiley & Sons. - Ricks, D. A. Latest edition. Blunders in International Business. Oxford: Blackwell Publishers. Additional Reading: For students to apply course material to current issues, promoting critical evaluation and debate, regular review of management journals and publications is recommended. Suggested periodicals include: - The Economist - Financial Times - Harvard Business Review - Journal of General Management - Malta Business Weekly - Sloan Management Review. |
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| ADDITIONAL NOTES | Prerequisite study-unit: EMA1011 | ||||||||
| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Nathaniel P. Massa |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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