MBA: Theory And Application Of Business And Man...
Note: Online and evening MBA programs may replace the Professional Development requirement with a 3-hour elective course. In addition to the core courses listed above, students will take an additional 12 hours of elective coursework (9 for full-time students who enroll in the required Professional Development course.) Elective course options will include applications of analytical tools in specific business disciplines, such as analytics, marketing, human resources, operations, finance or real estate.
MBA: Theory and Application of Business and Man...
MAR 5465 Purchasing and Supply Chain ManagementProvides an understanding of the ideas and concepts of Purchasing and Supply Chain Management function in organizational settings. Focus is placed on the development and management of relationships with world class suppliers in an e-business environment. Covers the importance of developing sourcing strategies through a global supply base. Specific concepts covered include: supplier selection & development; management of a strategic supply base; electronic commerce applications; logistics and inventory issues. (Available for Supply Chain Management specialization.) 3 credit hours, on campus
Study intensively how the law governs such matters as the financing of business ventures, the responsibility of a firm's managers to its owners and the management of financial and business risk. Students in this joint pathway complete graduate courses from the College of Law and the College of Business. Graduates become business leaders or corporate counsel in cities throughout Florida and the nation. Once a student is accepted into the College of Law, he or she must then complete an application for the joint pathway. Application forms are available for first-year law students at the College of Law's Office of Admissions and Records to first-year law students. Admitted students typically spend their second year as an accelerated, full-time MBA student. For more information, please view the program bulletin from the Florida State College of Law.
--Management theory. The management theory is sometimes called transactional leadership, and focuses on supervision, organization, and group performance. Transactional leadership is a system of rewards and punishments, and transactional leadership is regularly used in business. When employees do something successful, managers reward them. When they fail, they may get punished. Transactional rewards and punishments are given based on the idea that people really only do things for the reward. Their psychology doesn't allow human beings to do things out of goodness, but rather out of the promise of a reward.
Theory and practice of financial planning and management. Emphasizes the capital structure of business enterprise, its cost of capital and its evaluations. Applications of quantitative methods to capital theory.
Strategy, its formulation, articulation, and implementation. Review of current theory and practices and case studies as well as the role and responsibility of the general manager in managing the business enterprise.
The MBA is a 33 to 36-hour program that can be completed in as few as 12 months. MBA students can pursue specializations in career concentrations and may complete concentration coursework as electives for the MBA degree. Core courses include management and organizational theory, corporate and business strategy, project management, descriptive analytics, ethics, financial reporting, business finance, marketing management, and prescriptive analytics.
The Master of Business Administration degree program emphasizes the application of modern business practices to the special challenges of the aviation and aerospace industries, allowing for greater flexibility and specialization than the MBA Aviation Management program. Course work builds a strong, traditional business foundation upon which students can layer a specialty in Airport Management, Airline Management, Aviation System Management, Supply Chain Management, or Finance.
This course is a case-based approach to the techniques of problem solving, optimization and business modeling using the concepts of statistics and management science in a spreadsheet environment. The course focuses on the practical application of quantitative analytical techniques and data analysis.
An MBA concentration in analytic finance from Chicago Booth gives you a deeper understanding of financial theories, their application to a variety of business problems, and the empirical work by which we learn how the financial world works.
In the hectic pace of a busy career, it may be hard to look carefully at the hot-button issues in the business world. An MBA program can provide opportunities, away from the office, to consider the more complex aspects of business, from economic theory and models to international business, global trends, growing crises, and other issues making the news.5 The perspective you gain can enhance not only your professional success but your personal connection to your work.
Mason's business certificates are available both as components of your MBA degree or as stand-alone options. Certificate students completing at least two certificate courses with grades of B or better will have their application requirements for the MBA degree program reduced. Certificate courses taken can be applied towards the MBA degree requirements upon acceptance into the MBA program.
The theory of Managerial Economics includes a focus on; incentives, business organization, biases, advertising, innovation, uncertainty, pricing, analytics, and competition. In other words, managerial economics is a combination of economics and managerial theory. It helps the manager in decision-making and acts as a link between practice and theory.Furthermore, managerial economics provides the device and techniques for managers to make the best possible decisions for any scenario.
Production theory describes the quantity of a good a business chooses to produce due to multiple factors. These factors include; raw material inputs, labor, machinery costs, capital, etc. The production theory states that a business will strive to employ the cheapest combination of inputs to produce the quantity demanded.The production function can be described by the function Q = F [ L , K ] \displaystyle Q=F[L,K] where Q denotes production from a firm, L is the variable inputs, and K is the fixed inputs.
Capital is the most critical factor in an enterprise, this theory prevails in the rational allocation of funds and decisions of organizations to invest in profitable projects or enterprises in order to improve the efficiency of organizations.The rational allocation of funds may include acquiring business, investing in equipment, whether investment will improve the business at all.
Managerial economics to a certain degree is prescriptive in nature as it suggests a course of action to a managerial problem. Managerial economics aims to provide the tools and techniques to make informed decisions to maximize the profits and minimize the losses of a firm. Managerial economics has use in many different business applications, although the most common areas of its focus are in relation to the Risk, Pricing, Production and Capital decisions a manager makes.
Cognitive bias, or status quo bias, occurs when consumers would rather follow previous procedures, or buy previously used products, without evidence that this choice is better than alternatives. This bias opposes the basic law of human nature, that the most adaptable species is the one to survive, and is in opposition with positive views on change expressed in business literature. Cognitive bias can cause interference with the effectiveness of public policies and successful application of relevant policies and choices.
Tournament theory is used to describe why different pay levels exist between different roles in the business hierarchy. The idea of tournament theory is that agents who put in effort to achieve promotions are rewarded with a higher, non-incremental, pay rate. The reward of a higher pay rate incentivizes behavior that leads to promotions. This behavior is often lucrative and therefore ideal for the business. Tournaments can be very powerful at incentivizing performance. Empirical research in economics and managements have shown that tournament-like incentive structure increases the individual performance or workers and managers in the workplace.
Microeconomics is closely related to Managerial economics through areas such as; consumer demand and supply, opportunity cost, revenue creation and cost minimization. Managerial economics inculcates the application of microeconomics application and makes use of economic theories and methods in analyzing a business and its management. Moreover, managerial economics combines economic tool and technique to solve the managerial problems.
Our MBA programs build business acumen through the latest thought leadership in core management functions. Over the first semester, students select a concentration or add an MS degree to deepen their ability to incorporate theory into practice. Our Full-Time MBA program is highlighted below. Learn about all of the MBA formats by visiting the MBA website.
Improve the student's ability to think strategically and to provide an intellectual framework that enhances understanding of the MBA program. Making sense of corporate complexity and market uncertainty to derive a competitive firm strategy; why firms choose to compete in certain businesses; which business strategies are successful in which environments; and how firms can change in response to dynamic environments. An overarching model for strategic formulation and implementation is developed to facilitate an integrated understanding of the courses that comprise the MBA curriculum. Readings and lectures illustrate strategic management theories and frameworks while case discussions and projects provide opportunities for application. 041b061a72