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Business and Economics
Monash MBA
www.mba.monash.edu.au
Australia
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China
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India
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Italy
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Malaysia
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South Africa
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Top ranking MBA offered by top ranking university
Monash University is ranked in the top 1% of universities worldwide, according
to the Times Higher Education World University Rankings.
The Monash MBA is consistently ranked amongst the top MBA programs in
Australia and is highly regarded by organisations and businesses worldwide.
The program’s international standing is reflected in its accreditation by the
Association of MBAs (AMBA). It is just the third such program in Australia, the
first in Victoria and only ‘Group of Eight’ university, to be recognised by AMBA.
AMBA, based in the UK, is the international impartial authority on postgraduate
business education. AMBA’s accreditation service is the global standard for
all MBA programs. Currently MBA programs in 168 business schools in 72
countries have AMBA accreditation.
The MBA program is offered by the Faculty of Business and Economics. The
Faculty is one of a small number of elite entities worldwide that have been
awarded accreditation by EQUIS, the European Quality Improvement System
based in Brussels.
EQUIS schools are assessed against standards of quality that prevail in the
best institutions all over the world. EQUIS is the leading international system
of quality assessment, improvement and accreditation of higher education
institutions in management and business administration.
The fundamental objective of EQUIS, linked to the mission of the European
Foundation for Management Development (EFMD), is to raise the standard of
management education worldwide. The scope of EQUIS covers all programs
offered by an institution from the first degree to the PhD.
“Today’s business environment needs a
new calibre of transformative leaders
- leaders who are able to conceive
new visions, who promote ethical,
sustainable practices and who are
able to meet emerging challenges
head on.
The Monash MBA is uniquely
positioned to support the
development of these leaders.”
Professor Colm Kearney
Dean, Faculty of Business and Economics
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“Traditional management skills are
no longer enough. To truly make a
difference, corporate leaders must
also have a deep understanding of
their social responsibility and the
impact this has on their business.
The Monash MBA addresses both of
these elements.”
Associate Professor Amanda Pyman
BCom (Hons) PhD PGCHE
MBA Director
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Amanda’s pedagogical approach centres on the
co-creation of knowledge, and is underpinned by
student participation, case study based teaching and
interaction. MBA students are encouraged to draw
on their own work experience and that of others in
debating, applying and critiquing knowledge, theory
and analytical tools.
In leading the MBA program, Amanda draws on her
work with organisations in the public and private
sectors in Australia and in the UK. Amanda also
teaches Managing People for Competitive Advantage.
In 2011, Amanda was the recipient of a Dean’s
Commendation for Excellent Teaching and is
renowned for her teaching excellence.
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The Monash MBA – the MBA for people who
believe business should be better
Consistently placed amongst the top MBA programs in Australia, the Monash
MBA offers a new approach to the development of corporate and community
leaders. Here, you will learn how to manage, lead and transform organisations
but you will do so in a unique way.
You will examine and develop your individual leadership and personal
capabilities. You will learn to approach business challenges in a holistic way,
guided by a professional and ethical framework. Innovative thinking and
entrepreneurship will be encouraged and grown. And you will do all this while
considering how you can make business better.
The Monash MBA has an integrated focus on ethics and sustainability,
leadership, negotiation and strategic decision-making with flexible course
delivery in a combination of intensive and traditional semester modes.
Management Essentials
During the Monash MBA you will build on your existing management skills and
knowledge, readying you to lead and manage whole enterprises. Extending
beyond business fundamentals, you will gain expertise in applying your
business skills in a variety of settings.
Social Responsibility
Our curriculum includes an integrated focus on ethics and sustainability. Here,
you will explore moral issues facing contemporary business leaders and you
will consider the impact of value-based decisions in the business world.
Leadership and Personal Development Program
The Monash MBA’s Leadership and Personal Development program is unique.
Fully integrated into the core curriculum, it builds on the academic program
seeking to assist you to improve your leadership capabilities and to promote
your career. The Monash MBA Leadership and Personal Development Program
is based on the belief that empowering MBA students in the behaviour-based
areas of leadership and personal development is of equal importance to the
business and commercial skills gained from the academic curriculum.
Corporate Projects
Our exclusive corporate project, completed in the final quarter of the course,
is an experiential component that offers you the opportunity to apply the
qualitative and analytical skills covered in the preceding 12 units of the program
in the context of a defined ‘live’ business problem.
Program Duration
The full-time program is usually completed in two years and the part-time
program in four years.
However, there is an option for full-time students to accelerate progression
through the first 12 units to complete the coursework part of the program
in one year of full-time study followed by the corporate project in one
semester. This option is based on academic merit.
Part-time students may accelerate progression to complete in 2.5-3 years.
Associate Professor Vivek Chaudhri BEc PhD
Strategic management MBA5005, Negotiation and managerial judgement MBA5500
Vivek is Deputy Head of the Department of Management at Monash University. His areas of interest include applied
game theory, business strategy and policy design.
Vivek has worked extensively with the Victorian and federal governments on the design of auction formats and
market methods in a number of different policy realms. He has also been actively involved in the strategy consulting
arena, having advised the Boards and senior management of many private and public institutions, in Australia and
internationally, on issues ranging from real options in valuations to designing organisational architectures.
Dr Paul Kalfadellis BCom GradDip AppSc MBA PhD
The strategic environment of business MBA5510
Paul is an enthusiastic and energetic educator who engages and encourages students to learn in an open, inclusive
and interactive environment. In 2007 he was awarded the Dean’s Award for Teaching Excellence. A Monash MBA
Alumnus himself, Paul has had extensive experience in both industry and academia. His research interests lie in the
areas of foreign direct investment into Australia and cross-cultural communication.
Dr George Rivers BEc MEc PhD
Business economics MBA9003
George is an economist specialising in cost benefit analysis; legislation assessment; project/program evaluation and
pricing. He has received numerous awards for teaching. George has undertaken collaborations with the Department
of Natural Resources and Environment, the former Victorian Qualifications Authority, COAG; The Department of
Sustainability and Environment; The Department of Community Planning and Development; The Department of Primary
Industries; The Department of Justice; VicRoads; Energy Safe Victoria; Royal Botanic Gardens and Alpine Resorts.
Dr Dayna Simpson BSc MEng PhD
Creating innovative organisations MBA5540
Dayna brings international experience into the MBA classroom, having worked in both the US and Australia. She is
passionate about ‘responsible’ innovations that benefit companies financially but are also socially and environmentally
beneficial. Her experience over 15+ years working with companies on this topic has shown that creativity, employee
involvement and investment is key. Dayna encourages students to think outside the square and not to accept the
status quo.
Dr Srinivas Sridharan BEng MSc MBA PhD
Strategic marketing MBA9006
Having taught for over a dozen years in leading business schools in three countries, Srinivas believes that true learning
occurs deep inside the mind of the learner. Teaching Strategic Marketing in the Monash MBA with case studies, he
encourages personal responsibility, learning from peers, and a decision orientation in students.
Srinivas is a respected researcher in the area of marketing in emerging markets and informal economies, with his work
profiled in The Wall Street Journal, Economist Intelligence Unit, and Profit Magazine.
Dr Wendy Stubbs BAppSci MBA PhD
Creating sustainable organisations MBA5520
Wendy combines her 18 years business experience with her ongoing research into corporate sustainability, to provide
a hands-on course in Creating Sustainable Organisations. The course helps students navigate their way through
the social, environmental and economic sustainability issues facing business today. Through case studies and guest
speakers from leading sustainable organisations, students learn how to develop and implement a business strategy
for sustainability.
Dr John J. Vaz BBus MBA PhD MAICD
Corporate finance MBA9005
John is passionate about finance and believes that every executive should be capable of measuring decisions in terms
of intrinsic value. His goal is to empower his students to win the business argument with the CFO in financial terms.
He is a formidable teacher who uses cases and simulations in Finance drawing on his many years of experience in
chief executive and financial officer roles from start-ups to large enterprises in the Tech sector across many countries.
Professor Steve Worthington BSc Ec (Hons) CertEd MBA PhD
Strategic marketing MBA9006
Steve joined the Marketing Department at Monash in 2002, prior to which he worked at several universities in the
United Kingdom (UK) and he has had executive experience at a UK bank and with a UK supermarket group.
His research interests are focused on the distribution of financial services, particularly through the channel of payment
cards. Recent publications have focused on the opportunities and challenges facing new entrants into the financial
services market, particularly from brands such as Tesco Bank and Virgin Money and on the attitudes of the young,
affluent Chinese, as early adopters of credit cards.
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The Monash MBA – a sophisticated
educational experience
Aimed at the experienced professional and those professionals in transition,
the Monash MBA offers a sophisticated educational experience. We carefully
select talented professionals who have the drive and ambition to move up to
executive status, and who have the personal attributes and management to
succeed.
You will proceed through the course in a diverse, highly capable cohort
of peers. This means that you not only benefit from the knowledge and
experience other students ‘bring to the table’ but you can build an invaluable
professional network.
Accordingly we are highly selective about the individuals admitted into the
program. In addition to demonstrating potential leadership capabilities and
ambitions, each must contribute to the diversity of background and insight
within their group. We look for team players who are independent thinkers. We
select individuals with a truly international outlook.
Rigorous Curriculum
At Monash, you will be expected to actively contribute to a rigorous program
of insight and endeavour. You will be required to be confident, to be innovative
and to seek to improve your own personal qualities. You will work hard but the
outcomes you gain will be invaluable.
The Monash MBA thoroughly addresses current management and leadership
practices, but it goes well beyond that. Overlaid by the Leadership and
Personal Development program, and including two major strategic corporate
projects, the curriculum is comprehensive, aspirational and distinctive.
The Cohort Experience
You will complete your studies with a group of like-minded students. Our MBA
units of study are exclusive to MBA students, and you will not be expected to
undertake units outside of the program.
You will complete your studies in dedicated MBA teaching and social learning
spaces. Teaching staff will be located in the same area, promoting interaction
outside the classroom.
A Flexible Approach
The Monash MBA offers flexibility in course delivery enabling you to accelerate
your progression, should you wish to do so. Units are delivered in a
combination of intensive blocks and conventional semester modes (including
some weekends), offering a more problem-based and work-based student
experience, appropriate to the professional status of the student cohort. Part-
time students will be required to attend some weekday classes.
Outstanding Academic Staff
The Monash MBA is distinguished by the calibre of its academic staff. Many
are internationally recognised for their expertise in the economic, social and
technological forces shaping today’s corporate sector. They fully recognise the
importance of grounding management theories in practical situations.
Experienced industry practitioners complement the mix. Recognised for their
various capabilities, business leaders exclusively present their unique insights
into cutting edge leadership practices during the program.
The Monash MBA – a dynamic community
The Monash MBA aims to create and build a unique student experience where
partnerships with co-students, MBA alumni, industry practitioners and other
institutions are developed throughout the life of the program and beyond.
You will build strong professional networks with your fellow students, and you
will also have the opportunity to forge strong connections with individuals
drawn from both the corporate and not-for-profit sectors across international
boundaries.
As an MBA alumnus, you will have an open invitation to use the social learning
space. MBA alumni regularly contribute to the MBA curricular and co-curricular
programs as guest speakers or mentors.
Learning Beyond the Classroom
At Monash, learning extends well beyond the
classroom.
MBA students and alumni are invited to participate
in the wide range of exclusive co-curricular activities
offered each year.
Co-curricular activities include: alumni and student
distinguished guest speaker events and forums,
master-classes and ‘People Leadership Connect’
forums. In 2011, our distinguished guest speakers
at Monash MBA Events included: Mr John Brumby
(Vice Chancellor’s Professorial Fellow) and Vivek
Tulpule (Chief Economist, Rio Tinto).
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Copyright © 2010 Rio Tinto
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The Monash MBA – inspiring course content
The Monash MBA brings together the best aspects of the top MBAs around
the world.
It aims to develop individual leadership and personal capabilities and provide
a holistic approach to business challenges and issues alongside conventional
discipline-based academic subjects.
The 16-unit Monash MBA integrates the academic content of the program with
the Leadership and Personal Development program. It includes:
■ Four integrating core units (context setting)
■ Critical thinking for problem solving
■ The strategic environment of business
■ Negotiation and managerial judgement
■ Strategic management
■ Eight fundamental units in key business disciplines
■ Business economics
■ Business insights from data analysis
■ Corporate finance
■ Creating innovative organisations
■ Creating sustainable organisations
■ Interpreting accounting information
■ Managing people for competitive advantage
■ Strategic marketing
■ A strategic corporate project (equivalent to four units)
Our Unique Corporate Project
During the final quarter of your MBA studies at Monash, you will participate in an
experiential learning component that hones the qualitative and analytical skills
covered in the preceding units of the program into practical, real life activities.
The corporate project comprises three elements.
■ A consulting skills unit delivered in block mode (one week of classroom
delivery) and entails the development of a broad set of consulting-specific
skills.
■ The Community Corporate Project - a group project (one week ‘in
company’) completed in the not-for-profit or community sector.
The rationale for this is consistent with the broader aims of the Monash
MBA program to develop future leaders, and the recognition that business
and its leaders are situated in the wider community and hence have an
obligation to that community.
Examples of community projects being completed by Monash MBA
students in 2012 include: strategy implementation; marketing and branding;
scoping new business ventures; building organisational capability through
team performance, organisational values and workforce development
plans; and, utilising information and communication technologies to provide
client-directed approaches to service delivery.
■ The Individual Corporate Project - an individual ‘in company’ project
students complete in the corporate, public or community sector.
There is a suite of possible projects that host organisations have
nominated, and students are required to spend up to six weeks (part-time
or full-time) in the organisation ‘solving’ a real business problem. Projects
can also be completed in your own workplace.
This element of the Monash MBA provides both a finishing school for
students in the program, and a first-look opportunity at managerial talent
for our partner organisations.
Corporate
Project
Fundamental
Units
Leadership
and Personal
Development
Program
Context Setting
Units
Course Structure
Leadership and Personal Development Program Sequence
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Part A
Activities
Monash MBA Induction
Introduction to MBA Program
Introduction to Networking
Your Personal Leadership Style
Introduction to Reflective Leadership
Introduction to Career Management
Returning to Study - Skills Audit
Effective Research Techniques
Using the Case Study Method
Presentation Skills
Reflective Leadership e-Portfolio
Related modules and units (see page 12 – 13)
Modules 1& 2
Foundations of Business in a Global Context
Mastering Business Fundamentals
Units
The strategic environment of business
MBA5510
Critical thinking for problem solving
MBA5530
Business insights from data analysis
MBA9007
Managing people for competitive advantage
MBA5008
Part B
Activities
Leadership Philosophy and Reflective Practice
Reflective Leadership e-Portfolio
Master Class Series
Related modules and units (see page 12 – 13)
Modules 2 & 3
Mastering Business Fundamentals
Module 4
Leadership and Ethics
Units
Managing people for competitive advantage
MBA5008
Negotiation and managerial judgement
MBA5500
Strategic marketing
MBA9006
Creating innovative organisations
MBA5540
Part C
Activities
Career Management
Advanced Networking
Communication Strategy
1:1 Career Coaching
Monash MBA Alumni Opportunities
Related modules and units (see page 12 – 13)
Module 5
Strategy in Practice
UNITS
Strategic management
MBA5005
Corporate Project
MBA5400 MBA5410
[...]... Mastering Business Fundamentals 3 Mastering Business Fundamentals 4 Leadership and Ethics 5 Strategy in Practice 5 Strategy in Practice 5 Strategy in Practice Units of Study The strategic environment of business MBA5 510 Business insights from data analysis MBA9 007 Business economics MBA9 003 Negotiation and managerial judgement MBA5 500 Strategic management MBA5 005 Critical thinking for problem solving MBA5 530... of Business in a Global Context Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Mastering Business Fundamentals Leadership and Ethics Strategy in Practice Strategy in Practice Strategy in Practice The strategic Business environment insights from of business data analysis MBA5 510 MBA9 007 Business. .. MBA9 007 Business economics MBA9 003 Interpreting accounting information MBA9 004 Corporate finance MBA9 005 Strategic marketing MBA9 006 Creating innovative organisations MBA5 540 Negotiation and managerial judgement MBA5 500 Strategic management MBA5 005 Corporate project 1 (equivalent to 2 units) MBA5 400 Corporate project 2 (equivalent to 2 units) MBA5 410 Critical thinking for problem solving MBA5 530 Creating... organisations MBA5 520 Managing people for competitive advantage MBA5 008 * part-time students may accelerate their course progression (subject to MBA Director approval and unit availability) 12 Units Descriptions MBA5 510 The strategic environment of business MBA9 003 Business economics This case-based unit is designed to provide an overview of the strategic economic and legal environment of business at... information MBA9 004 Corporate project 1 (equivalent to 2 units) MBA5 400 Corporate project 2 (equivalent to 2 units) MBA5 410 Managing people for competitive advantage MBA5 008 Strategic marketing MBA9 006 Creating sustainable organisations MBA5 520 Corporate finance MBA9 005 Creating innovative organisations MBA5 540 * full-time students may accelerate their course progression (subject to MBA Director approval and. ..Leadership and Personal Development program We believe empowering our students in the behaviour-based areas of leadership and personal development is of equal importance to the business and commercial skills gained from the Monash MBA Program. The leadership and personal development program forms an integral part of the Monash MBA and it is designed to complement academic... leaders are discussed and in-unit assessments ■ People Leadership Connect Series, presented by one of the most respected and innovative minds in people networks, is a unique approach to networking which is focused on understanding the united values, habits and strategies required to connect and collaborate with people and optimise performance and brand, by remaining relevant and ‘Top of Mind’. ■ Study... reasoning to: (a) successfully manage business problems; and (b) interpret and produce clear and sound arguments in relation to business issues of general interest Students will also develop questioning strategies to support a critical inquiry approach to their learning and research activities throughout the program MBA9 007 Business insights from data analysis In business, the ability to identify situations... explores innovation at the design, process and system level that is both user-led and technology-led It explores concepts that include the nature of innovation and what drives it, new frontiers of innovation in operations and supply chains and future frontiers in social and environmental innovation MBA5 008 Managing people for competitive advantage MBA5 500 Negotiation and managerial judgement Effective management... Faculty of Business and Economics Monash University Building N, Level 4 27 Sir John Monash Drive Caulfield East, Victoria 3145, Australia Telephone: (+613) 9903 1400 or (+613) 1300 784 990 Email: buseco-postgrad @monash. edu Contacts for international students International Recruitment Services Monash University 871 Dandenong Road Caulfield East 3145, Australia Telephone: +61 3 9627 4852 Email: study @monash. edu . Business and Economics
Monash MBA
www .mba .monash. edu.au
Australia
■
China
■
India
■
Italy
■
Malaysia
■
South Africa
2
Top ranking MBA offered.
environment
of business
MBA5 510
Critical
thinking for
problem
solving
MBA5 530
Business
insights from
data analysis
MBA9 007
Business
economics
MBA9 003
Creating
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