Modules

Objectives

After completing this module participants should be in a position to define and interpret the basic concepts of business administration. A business management game will provide participants with an opportunity to practice newly acquired skills. 

 

Topics

  • principles of planning and controlling a business
  • performance measurement and accounting systems
  • basic terminology used in business administration / financial and economic indicators
  • core functions, i.e. procurement, production, sales, human resources management and controlling

Objectives

To provide the skills needed to analyze and interpret dynamic environments; to formulate company strategies, and establish organizational capabilities in line with market requirements. Particular attention will be paid to the development of relevant skills in change, project and operative management required to implement strategies. 

Topics

  • environmental analysis (political, economic, consumers/demand, competitors, stakeholders)
  • analyzing organizational strategies and capabilities
  • formulating and implementing strategies and capabilities
  • change management
  • project and operative management

Objectives

To gain insight into cost effectiveness; to create an understanding for targets and tasks of managerial accounting; to interpret prerequisites and stages and systems of cost effectiveness; to develop a general appreciation for accounting issues. 

Topics

  • Cost structure analysis
  • Product costs, sales profits per product
  • Revenue planning system; principal agent problems
  • Reporting
  • Introduction to product calculation
  • Sales controlling, revenue generating incentives
  • Advanced product calculation
  • Applied sales controlling
  • Investment appraisals
  • Cost centre accounting; cost saving incentives
  • Activity Based Costing
  • Case studies

Objectives

Corporate ventures into international activities should be preceded by a systematic and professional analysis of the external (economic/political etc.) environment of the host country. Economic stability forms one of the basic requirements for the achievement of adequate returns on investment and as such substantially influences the strategic planning process of multinational enterprises. The course will provide a sound introduction to these topics and will make participants familiar with methods to assess macroeconomic risks and policy concepts. 

 

Topics

  • measuring economic activity and performance
  • commercial banking and capital markets
  • aggregate demand and supply, business cycles and short-term macroeconomic policy options
  • structural market inefficiencies, supply side economics and long-term macroeconomic policy options
  • central bank systems and monetary policy options
  • issues in international economics: balance of payments, reasons for and barriers to international trade, exchange rates and the international monetary system

Objectives

The focus of this module will be on the development of leadership skills required to accept senior managerial responsibilities. In addition, staff involved in international operations will need specific social and intercultural competence in counseling, communicating and negotiating. The unit will therefore focus on both cognitive and applied points of view as well as aspects of intercultural training and communication. 

Topics

  • fundamentals of leadership
  • principles and rules of intercultural communication
  • aspects of the negotiation process in specific cultural settings
  • essentials of intercultural communication
  • cultural sensitivity (verbal and non - verbal communication)
  • managing intercultural relationships

Objectives

This module develops the student's ability to read, understand, and use corporate financial statements. It is oriented toward the user of financial accounting data (rather than the preparer) and emphasizes the reconstruction of economic events from published accounting reports such as balance sheets, income statements and statements of cash flow. The course covers not only the German Accounting Rules (HGB), but also International Accounting Standards (IAS). 

Topics

  • techniques of financial accounting, the revenue / cost matching process
  • compiling, analyzing and presenting financial statements including balance sheets
  • ratio analysis
  • international accounting standards (USGAAP and IAS)