This pillar creates a coherent and solid base for further progress into the entire MBA Programme. It develops and fosters a substantive, contextual and critical understanding of the nature and effect of principles relating to key areas such as economics and law, and finance and accounting: the fundamentals for strategic decision-making. It consists of five modules that combine theoretical knowledge with practical approaches to analysing problems. The Foundations pillar also highlights the role of values and ethics, which are essential in leading contemporary business organisations, and covers the important field of corporate social responsibility, which is becoming an important competitive advantage in customer and employment markets.
Modules
- Introduction to Academic Standards
- Business Economics
- Business Law
- Financial Accounting
- Management Accounting for Enhanced Decision-Making and Control
Competences and learning outcomes
- Become acquainted with the fundamental standards of academic activity
- Think critically and make decisions based on complex information
- Maximise resources for the benefit of organisations and society
- Know and understand organisations and their stakeholders
- Integrate functional knowledge and apply strategic management skills at a senior level in changing business environments
- Operate effectively in cross-cultural settings
- Analyse complex data and understand the financial implications of managerial decision-making
- Understand the mechanism of the modern market economy and the importance of global trends for business
- Analyse complex financial data and evaluate firm risks, managerial decisions, the firm’s strategic orientation, and its overall operating performance
- Creating new mind-sets with respect to the perception of law in the business environment
