Business and Economics

Monash MBA

www.mba.monash.edu.auAustralia ■ China ■ India ■ Italy ■ Malaysia ■ 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 KearneyDean, 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 PhDStrategic 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 PhDThe 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 PhDBusiness 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 PhDStrategic 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 PhDCreating 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 MAICDCorporate 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 experienceAimed 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 communityThe 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 contentThe 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 ProjectDuring 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 InductionIntroduction to MBA ProgramIntroduction to NetworkingYour Personal Leadership StyleIntroduction to Reflective LeadershipIntroduction to Career ManagementReturning to Study - Skills AuditEffective Research TechniquesUsing the Case Study MethodPresentation SkillsReflective Leadership e-Portfolio

Related modules and units (see page 12 – 13)

Modules 1& 2Foundations of Business in a Global ContextMastering Business Fundamentals

UnitsThe strategic environment of businessMBA5510Critical thinking for problem solvingMBA5530Business insights from data analysisMBA9007Managing people for competitive advantageMBA5008

Part B

Activities

Leadership Philosophy and Reflective PracticeReflective Leadership e-PortfolioMaster Class Series

Related modules and units (see page 12 – 13)

Modules 2 & 3 Mastering Business FundamentalsModule 4 Leadership and Ethics

UnitsManaging people for competitive advantageMBA5008Negotiation and managerial judgementMBA5500Strategic marketingMBA9006Creating innovative organisations MBA5540

Part C

Activities

Career ManagementAdvanced NetworkingCommunication Strategy1:1 Career CoachingMonash MBA Alumni Opportunities

Related modules and units (see page 12 – 13)

Module 5Strategy in Practice

UNITSStrategic managementMBA5005Corporate Project MBA5400 MBA5410

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Leadership and Personal Development programWe 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 studies.

The program not only strengthens your leadership knowledge and personal development skills, it also encourages a deeper questioning of your role as a decision-maker, so that reflective leadership skills add to your understanding of the contemporary challenges facing business and society more generally.

Key aspects of the program include:

■ Your Personal Leadership Style and Advanced Leadership Workshop Series reviews current perspectives on leadership and explores strategies that you can employ to improve your capabilities as a leader. A strong emphasis is placed on improving practical leadership skills and developing a wide repertoire of leadership styles that you can apply, contingent upon the context in which you are operating.

■ Reflective Leadership & Critical Engagement Seminars enable you to develop a critical stance towards leadership in order to develop as a socially and ethically responsible business leader. This stance is developed through reflecting on theories and practices of leadership. Elements include keeping of a reflective journal, attendance at seminars in which topics of interest to 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 Skills Seminar Program includes workshops designed and delivered by specialist librarians and learning skills advisers to specifically cater to returning-to-study professionals. These workshops focus on honing the research and academic skills that underpin success in the MBA course.

■ Career Management with Directioneering - a specialist career and leadership development consultancy. Directioneering will provide a framework for evaluating your career to date and devise strategies for the future with a particular focus on proactive career management and how to take advantage of your MBA qualification.

■ A Media Training and Development Program specifically designed for Monash MBA students to assist them in effective communication - whether presenting to a board, at a media interview, as a keynote speaker or simply communicating with an executive team or employees. The emphasis of this program will be on maximising any opportunities to communicate, developing communication techniques on and off camera.

The Cranlana Colloquium

Monash MBA students complete the highly regarded Cranlana Colloquium as part of the Leadership and Personal Development program.

This one week program is designed to equip leaders from the corporate, public and community sectors with a set of value-based frameworks for making difficult decisions where there may not always be a clear choice between right and wrong.

The seminars are led by expert moderators and the methodology is a disciplined process specifically designed to enable participants to test their thinking against complex frameworks. Key issues, addressed in depth, include the origin and nature of justice, the place of ethical and historical perspectives in leadership and public policy debate and changing perceptions of liberty, equality, community and the ‘good society’.

You will be challenged to consider alternative views, to practise the skills of practical reasoning and respectful debate and to learn the value of considered reading and informed reflection in dealing with complex social, political and economic issues.

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Full-Time Program Sequence 2013

Full Time

2 Years*

Year 1 Year 2

Summer 2013

9 & 10 February

16 – 24 February

Sem 1 Sem 2Summer

5 days (dates TBA)

Summer

5 days (dates TBA)

Sem 1 Sem 2

Modules 1Foundations of Business in a

Global Context

2Mastering Business

Fundamentals

3Mastering Business

Fundamentals

4Leadership and Ethics

5Strategy in Practice

5Strategy in Practice

5Strategy in Practice

Units of Study

The strategic environment of

business MBA5510

Critical thinking for problem

solving MBA5530

Business insights from data analysis

MBA9007

Interpreting accounting information

MBA9004

Managing people for

competitive advantage MBA5008

Strategic marketing MBA9006

Business economics MBA9003

Creating sustainable

organisations MBA5520

Corporate finance

MBA9005

Creating innovative

organisations MBA5540

Negotiation and managerial

judgement MBA5500

Strategic management

MBA5005

Corporate project 1

(equivalent to 2 units)

MBA5400

Corporate project 2

(equivalent to 2 units)

MBA5410

* full-time students may accelerate their course progression (subject to MBA Director approval and unit availability)

Part-Time Program Sequence 2013

Part Time

4 Years*

Year 1 Year 2 Year 3 Year 4

Summer

2013

9 & 10 February

16 – 24 February

Sem 1 Sem 2 Sem 1 Sem 2 Sem 1 Sem 2

Summer

5 days (dates TBA)

Summer

5 days (dates TBA)

Sem 1 Sem 2

Modules 1

Foundations of Business in a Global

Context

2

Mastering Business

Fundamentals

3

Mastering Business

Fundamentals

2

Mastering Business

Fundamentals

3

Mastering Business

Fundamentals

2

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 MBA5510

Critical thinking for

problem solving

MBA5530

Business insights from data analysis MBA9007

Business economics MBA9003

Creating sustainable

organisations MBA5520

Interpreting accounting information MBA9004

Managing people for

competitive advantage MBA5008

Corporate finance

MBA9005

Strategic marketing MBA9006

Creating innovative

organisations MBA5540

Negotiation and

managerial judgement MBA5500

Strategic management MBA5005

Corporate project 1

(equivalent to 2 units)MBA5400

Corporate project 2

(equivalent to 2 units)MBA5410

* part-time students may accelerate their course progression (subject to MBA Director approval and unit availability)

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Units DescriptionsMBA5510 The strategic environment of businessThis case-based unit is designed to provide an overview of the strategic economic and legal environment of business at the global, market, and organisational levels and the role of individuals in such an environment. The focus of this unit will be to investigate important socio-political/legal dimensions and the contemporary context of senior managerial decision making. To this end, students will examine the myriad issues challenging the pursuit of sustainable business practice as a precursor to the more detailed consideration of functional methods that help inform these decisions that will follow in the subsequent module.

MBA5530 Critical thinking for problem solvingThis foundational unit focuses on the practice and development of key critical thinking and problem solving skills required by a business leader to achieve superior performance. Through interactive group work, role play, case studies and a variety of situational exercises, students will be able to understand and apply analytical 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.

MBA9007 Business insights from data analysisIn business, the ability to identify situations that would benefit from some hard facts derives from two constituent and attainable skills. A thorough understanding of what each technique can do, that is, what results it can produce. Second, the ability to extract a meaningful interpretation of the results that adds value and is accessible to management. The objective of this unit is to facilitate for each student the attainment of these skills by taking a very practical approach. Topics covered include data description and summation, data mining, confidence interval estimation, hypothesis testing, regression analysis, and decision making under uncertainty. Software used will be Microsoft Excel.

MBA9004 Interpreting accounting informationThis unit examines accounting as an information system. The unit content is evenly divided between financial accounting and management accounting.

Financial accounting considers the information requirements of external users such as owners, shareholders, investors, potential investors. Management accounting is concerned with the information needs of internal users such as managers of an entity at various levels of responsibility. In both sections of the unit, we are concerned with the needs of managers in planning, decision making and control.

MBA5008 Managing people for competitive advantageEffective management of human capital has the potential to be a source of sustainable competitive advantage for high-performance organisations. This unit examines various ways in which organisations can effectively lead and manage human capital for growth and profits, innovation and sustainable competitive advantage. It consists of three modules: managing individual motivation, behaviour and engagement at work; managing people and the human resource function; and the design of high performance human resource systems. As well as drawing on contemporary research on strategic HRM and the high performance workplace, the unit covers a wide range of real-world case and practical challenges in managing people and human capital in diverse organisational settings.

MBA9006 Strategic marketingStudents will gain an understanding of the key concepts of marketing and an insight into the role of marketing in contemporary business organisations. The unit is presented within a marketing planning framework in which marketing theories and concepts focus on the practical need of developing and implementing effective marketing strategies.

MBA9003 Business economicsStudents will be introduced to the methodology of microeconomics and the tools used by economists in problem solving. Topics include demand, supply and market analysis, cost concepts, price determination and pricing practices. The course aims to develop an understanding of the competitive environment facing firms through analysis of varying market structures (oligopoly, monopolistic competition etc). The knowledge gained will be applied to a range of microeconomic policy issues, including competition policy, regulation, microeconomic reform and privatisation.

MBA5520 Creating sustainable organisationsEnvironmental, social and ethical issues are increasingly influencing business decisions. The ability to create value from, and mitigate risks associated with, environmental, social and ethical issues increasingly impacts markets, access to capital, company reputation and shareholder value. Through the use of case studies, lectures and guest speakers, this unit will critically examine sustainability challenges across a range of industry settings and develop strategies to address these issues.

MBA9005 Corporate financeThis course is designed as an introduction to corporate finance theories and application of theories so that solutions to key financial management decisions of for-profit organisations can be identified. The key financial decisions (capital budgeting, financing, acquisition and dividend) of managers in non-financial firms will be examined. Students will learn analytical skills to solve these problems using the body of knowledge that comes from finance theories.

MBA5540 Creating innovative organisationsThis unit equips students with the knowledge to understand and the capacity to manage innovation at the operational and strategic levels. Innovation drives sustainable competitive advantage in organisations. It requires integration of multiple organisational functions but particularly those that impact product and process development. The operations function, in particular, provides a key focus for innovation that is both economically and technologically sound. Modern innovation for competitive advantage reaches beyond organisational boundaries into the realm of customer, supplier and third party integration. Innovation through supply chain integration increasingly occurs at both the product and the process level. This unit examines the foundations of innovation in product and process for the organisation and its supply chain. It 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.

MBA5500 Negotiation and managerial judgementThis unit provides a practical and experiential introduction to principles of effective negotiation in diverse industry and functional contexts. Students will acquire knowledge and skills to develop and effectively utilise strategies for negotiations and decision making. In an increasingly complex and dynamic business environment, negotiation and decision-making have become core capabilities associated with effective management and leadership of organisations. Drawing on cross-disciplinary perspectives and recent advances in the field of negotiation, students will learn to recognise and overcome flaws in their negotiation and decision making processes and develop frameworks for analysing situations and making sound decisions.

MBA5005 Strategic managementStrategic management is concerned with building organisations that create value for all stakeholders in a turbulent world. This unit integrates material from earlier units in the MBA degree, in particular from marketing, accounting, operations, individual and organisational behaviour, information technology and finance within a strategic framework. Students will develop the capacity to understand the key influences on the development of an organisation’s strategy, to analyse those influences, to propose appropriate strategic behaviour for an organisation and demonstrate an understanding of how strategic change can occur within an organisation.

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The Monash MBA – take the next stepEntry Requirements1. An Australian bachelors degree or an equivalent qualification

2. A minimum of five years work experience with at least three years of professional/managerial experience. Applicants will be ranked according to consideration of the following:a) employment experienceb) the entire academic record, with a credit average preferred3. Minimum English language requirements:

You should meet one of the following criteria:

■ You have achieved a satisfactory level of performance in an English subject at Year 12 or equivalent level. For VCE students this means a study score of at least 25 in units 3 and 4 in any VCE English subject. All other students should visit www.monash.edu.au/international/ for entry requirements details.

■ You have studied in an institution where English is the language of instruction and assessment for the entire institution and have satisfactorily completed the equivalent of one and a half years full-time (three standard full-time semesters) of either: ■ a university undergraduate award program, or ■ a program that has been assessed as being taught at an

equivalent level to Monash University undergraduate study.

■ Alternatively you have studied in an institution where English is the language of instruction and assessment for the entire institution and have satisfactorily completed the equivalent of one full-time year (two standard full-time semesters) of postgraduate study.

Documentary evidence in the form of a letter or transcript is required from the institution at which the study was undertaken.

■ You have undertaken an English language proficiency test within two years prior to your study commencement date and have achieved the following results:■ IELTS – minimum test score of 7 with no individual band

score less than 6.5.■ TOEFL – minimum test score of 600 with a Test of Written

English score of at least 5. Internet based TOEFL overall 100, Writing 24+, no score lower than 20.

■ Cambridge English Certificate in Advanced English (CAE) Minimum test score required: A grade of ‘A’

■ Cambridge Certificate of Proficiency in English Minimum test score required: A grade of ‘C’

■ You have successfully completed the Monash University English Language Bridging Program, or equivalent programs, at the appropriate level.

For further information about English language requirements at Monash University visit: www.adm.monash.edu.au/admissions/postgrad/

Credit and preclusion

If you intend to apply for credit into the MBA program for previous postgraduate study, please email buseco-postgrad@monash.edu or ring +613 9903 1400.

How to ApplyApplications should be made online at the following addresses:

Domestic student applications http://adm.monash.edu.au/admissions/applyonline-instruct.html

International student applications http://www.monash.edu/study/international/apply/application-online.html

Applications must include:

1. A copy of your résumé.

2. Certified copies of academic transcripts (including English language test results if required),

3. Statement of purpose

A key characteristic of the Monash MBA program is the business experience that students bring to the classroom. As part of your application, you are therefore required to include a one-page statement of purpose outlining your reasons for applying to the Monash MBA, and what you think you can contribute to the program.

4. Employment references The Monash MBA managerial or professional work requirement ensures that you will be sharing your experience with other proven performers and people already positioned to advance their careers.

In your application, you must demonstrate that you have completed a minimum of five years work experience with at least three years of professional/managerial experience.

Your two original employment references should be presented on your company’s letterhead and contain all of the following:■ precise duties performed■ duration (including dates) of employment■ full name, title and signature of writer■ date of letter issue.

Key Dates

Closing date for domestic applications

Friday, 11 January 2013

Closing date for international applications

Monday, 10 December 2012

MBA Program Commences: Leadership and Personal Development Induction

9 & 10 February 2013

First module Examinations

16-24 February 2013 2 & 9 March 2013

Semester 1

4 March – 31 May 2013 10 June – 28 June 2013

Semester 2

29 July – 25 October 2013 4 November – 22 November 2013

FeesDomestic students (total course) $61,260

International students (total course) $64,500

* Fees are quoted at 2012 rates. For future years of your course Monash University reserves the right to adjust annual tuition fees in line with cost increases. The university guarantees that fees will not increase by more than 10 per cent from year to year.

The Monash MBA Program team is happy to discuss company sponsorship of MBA students and the return on the investment for the company.

International Student VisasInternational students should visit www.monash.edu.au/international which contains important information regarding Australian Government requirements and conditions for study in Australia, living costs, course fees, health insurance, working while you study, work rights for your husband or wife and schooling for your children.

Information about visa applications can be obtained from www.liveinaustralia.com/student-visa/ and www.immi.gov.au/students/.

If you would like to receive more information, please email: study@monash.edu

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Monash UniversityMonash University was established in 1958 and welcomed its first intake of students in 1961. In its fifty year history, the university has established itself as one of Australia’s finest tertiary institutions, building an enviable reputation for both its outstanding teaching and its transformative research.

Today, Monash is Australia’s largest university with more staff, more students, more courses and more campuses around the globe than any other Australian university.

Monash is the youngest member of the Group of Eight, the coalition of Australia’s most prestigious research-intensive universities. The university’s youthfulness shows through in the way it approaches education and research. It isn’t wedded to convention or tradition, which means students are offered a first-class education while being encouraged to become agents of change.

Monash offers courses from a vast selection of both traditional and emerging disciplines.

Melbourne, AustraliaMelbourne is consistently voted one of the world’s most liveable cities, with its wide-open spaces and parkland, clean environment, temperate climate, and casual lifestyle. Yet with nearly four million people, Melbourne combines the qualities and the cosmopolitan style of the great cities of the world, a city that blends heritage with a vibrant youth culture and a thriving artistic community. With its unique blend of Asian and European lifestyles, sporting and recreational events that stop the world, and an exciting variety of theatres, exhibitions, galleries, and musical performances, Melbourne has something for everyone.

www.visitmelbourne.com

Location and facilitiesThe MBA program is delivered at the Caulfield campus of Monash University (9 km from the centre of Melbourne). The campus has excellent public transport links to the CBD and the south-eastern suburbs and a multi-storey car park. The purpose-built MBA suite comprises lecture theatres, student lounges, reading rooms, syndicate rooms and breakout facilities, all equipped with wi-fi, computing and state of the art audio-visual technologies. Students also have access to the outstanding library resources of the university.

Further information

Postgraduate Student Services OfficeFaculty of Business and EconomicsMonash UniversityBuilding N, Level 427 Sir John Monash DriveCaulfield East, Victoria 3145, AustraliaTelephone: (+613) 9903 1400 or (+613) 1300 784 990Email: buseco-postgrad@monash.edu

Contacts for international studentsInternational Recruitment ServicesMonash University871 Dandenong RoadCaulfield East 3145, AustraliaTelephone: +61 3 9627 4852Email: study@monash.eduwww.monash.edu/study/international

www.mba.monash.edu.au

Caution: While the information provided in this brochure was correct at the time of its publication, Monash University reserves the right to alter this information should the need arise. You should always check with the relevant faculty officers when considering a course. May 2012

CRICOS provider code: Monash University 00008C MBA CRICOS code: 001461G