MMMasci | Management Science
Management Science is an interdisciplinary mathematical science that focuses on the effective use of technology by organizations in employing techniques such as mathematical modeling and simulation analysis to arrive at optimal or near-optimal solutions in complex decision-making problems. This course encompasses a wide range of problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency which includes optimization, game theory, inventory analysis, simulation, and other procedures, definitions, and explanations of techniques used to generate effective quantitative models.
MMManac | Management Accounting
Management Accounting is concerned with the provisions and use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. This course involves the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of information used by management to plan, evaluate, and control within an entity and to assure appropriate use and accountability for its resources.
MMMecon | Managerial Economics
Managerial Economics is that part of economic theory which focuses on business enterprises and inquires into the factors contributing to the diversity of organizational structures and to the relationships of firms with labor, capital, and product markets. This course is concerned with economic issues and problems related to business organization, management, and strategy such as the explanation of why firms emerge and exist, why they expand, the role of entrepreneurs and entrepreneurship, the significance of organizational structure, and the relationship of firms with the employees, the providers of capital, the customers, the government, and the industry.
MMOpema | Operations Management
Operations Management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services for effective decision making. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed and effective in terms of meeting customer requirements. This course is concerned with managing the process that converts inputs (in the forms of materials, labor, and energy) into outputs (in the forms of goods and services). It aims to increase the content of value-added activities in any given process, aligned with market opportunity for optimal enterprise performance.
MMSerma | Services Management
Services Management is the study of the supply chain integration of the actual sales and the customer for effective decision making. This course seeks to optimize the service-intensive supply chains, which are usually more complex than the typical finished-goods supply chain. The main drivers for a company to establish or optimize its services management practices include the reduction of high service costs, reduction of the inventory levels of service parts, optimization of customer service quality, increase in service revenue, reduction in obsolescence costs through improved forecasting, improvement in customer satisfaction levels, and the reduction in expediting and manpower costs.
MMMarma | Marketing Management
Marketing Management is a business discipline which is focused on the practical application of marketing techniques and the management of a firm's marketing resources and activities. Marketing managers are responsible for influencing the level, timing, and composition of customer demand and their roles can vary based on the size of the business, corporate culture, and industry context. This course includes the creation of an effective, cost-efficient marketing management strategy focused on one’s own business, the market in which it operates, and the marketing analysis of its competitors.
MMHurem | Human Resource Management
Human Resource Management is the management of an organization's employees which includes employment and arbitration in accordance with laws and company directives. This course includes organizational management, personnel administration, manpower management, and industrial relations. The HRM function is composed of activities that are necessary in the recruitment of workforce, providing its members with payroll and benefits, administering their work-life needs, and all those decisions and actions which concern the management of employees at all levels in the business for the implementation of strategies directed towards creating and sustaining competitive advantage.
MMFinma | Financial Management
Financial Management is concerned with the managerial significance of financial techniques, focused on assessment rather than technique. The course deals with the meaning of financial figures in comparison with the returns of other businesses in the industry by looking at changes in asset balances, red flags that indicate problems with bill collection or bad debt, and working capital to anticipate future cash flow problems. An interdisciplinary approach to sound financial management will be used in creating value and organizational agility through the allocation of scarce resources among competing business opportunities.
MMMasta | Managerial Statistics
Managerial Statistics is the practice of using statistical analysis to achieve growth, competitive differentiation, and cost management by making choices about what markets to pursue, how to configure and price product or service offerings, and how to make operations more effective and efficient. This course focuses on the use of effective statistical analysis and information strategy for the organization to realize its business optimization objectives faster, with less risk, and at a lower cost. Applied enterprise wide or deep within a business function, managerial statistics provides resolution spanning prediction, optimization, business process, organization, applications, and data for effective decision making.
MMRisma | Risk Management
Risk Management is a risk-based approach to managing an institution by integrating financial concepts of internal control and strategic planning to manage risks and seize opportunities related to the achievement of the organization’s objectives. This course provides a framework for risk management for effective decision making. This typically involves identifying particular events or circumstances relevant to the organization's objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress to protect and create value for their stakeholders, including owners, employees, customers, regulators, and the society.
MMMares | Management Research
Management Research is an applied research initiative in the field of business management. This course provides a framework for a research project on management strategy that will identify actions to enhance the organization’s international and local competitiveness, is relevant to the needs and interests of its market, improves productivity and performance through business engagement projects, sustains innovation to achieve competitive advantage and high quality services, and adopts promising practices to enhance performance across varied organisational contexts. A research paper that will integrate the theoretical concepts and models earlier learned will be presented to a panel.
MMStram | Strategic Management
Strategic Management is the actual conduct of the applied research on management strategy after the proposal has been approved. This course provides a framework for a strategy paper that evaluates and controls the business and the industries in which the company is involved by assessing its competitors, setting goals and strategies to meet all existing and potential competitors, and reassessing each strategy periodically to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy. The strategy paper will focus on the major, intended, and emergent initiatives taken by managers to enhance the performance of the firm in its environment which shall be presented to a panel.