Usb Executive Development Mba Essentials Course Prospectus 2j1k3c

UNIVERSITY OF STELLENBOSCH BUSINESS SCHOOL EXECUTIVE DEVELOPMENT

MBA Essentials Online short course

ABOUT THIS COURSE The University of Stellenbosch Business School Executive Development (USB-ED) MBA Essentials is a dual-purpose online certificate course, contributing towards your preparation for a full MBA degree and arming you with the technical business skills to make better managerial decisions. You’ll also have the opportunity to expand your professional network by collaborating with like-minded business leaders on the course. Using a practical, case study-based approach - with the opportunity to use your own business as a case study - you’ll learn to navigate the complexities of your business environment, whilst gaining a solid foundation with which to tackle a full MBA, should you be accepted. The MBA Essentials covers three vital components of business management, often found to be the most challenging subjects of an MBA: economics, quantitative methods and managerial ing. Each course topic is designed by an industry expert from the University of Stellenbosch Business School Executive Development (USB-ED):

ECONOMICS

QUANTITATIVE METHODS

MANAGERIAL ING

Master the fundamentals of

Understand how data can be

Learn to use financial statements

macro- and microeconomics,

measured, collected, presented,

and ing data to make better

such as market equilibriums and

and interpreted to gain insight

managerial decisions, measure the

pricing decisions, as well as the

into complex problems, and allow

financial performance and health

formulation of economic policies.

for better decision-making in your

of a business, and identify areas

business environment.

for improvement.

An MBA degree is a huge commitment and an expensive endeavour. The MBA Essentials serves to prepare students for this journey with a head start in some of the more challenging areas covered in an MBA. It does not provide a full insight into what an MBA would entail (each being different), but allows students to measure their desire and commitment - whilst simultaneously gaining critical management skills. USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

WHO WOULD BENEFIT FROM THIS COURSE: Business owners, managers and entrepreneurs who wish to gain technical business skills to advance in their career and meet corporate goals. Those wanting to enrol in an MBA or postgraduate course who wish to gauge their appetite for the full programme, gain a solid foundation of technical skills and strengthen their application. Those not yet able to study an MBA, who wish to gain some of the technical business skills obtained from an MBA.

NOTE: This MBA Essentials online short course does not guarantee acceptance into an MBA programme, nor does it replace entry requirements such as the GMAT. If you wish to apply for an MBA, you should be aware of the specific requirements and prerequisites

COURSE DETAILS 15 weeks (excl. orientation) online and fully ed

8 - 12 hours per week

NOW

USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

R24,900 Excl. VAT

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COURSE INSTRUCTORS BRETT HAMILTON

SONJA CILLIERS

Head Tutor

Course Convenor: Managerial ing

Brett is an MBA lecturer of business finance and

Sonja Cilliers is a Chartered ant and is

decision analysis. He received his MBA Cum Laude

an expert in financial ing, managerial

from USB-ED, and has over 10 years of experience

ing, auditing, and executive coaching. With

in business ownership (FMCG, retail and media)

a Bachelor of Laws (LLB) from Stellenbosch University

and senior management. Brett is experienced in

and a corporate coaching qualification from UCT,

financial modelling, forecasting, valuation, and

she is an MBA lecturer at USB-ED and a professional

budgeting, and consults in the fields of market/

executive coach - allowing for a perfect blend

business intelligence and business strategy.

of theoretical knowledge and practical business applications of managerial ing.

PROFESSOR ANDRÉ ROUX Course Convenor: Economics

DR HEIDI RAUBENHEIMER Course Convenor: Quantitative Methods

Professor André Roux was voted as one of USB-ED’s top lecturers in the 2016 annual

Heidi Raubenheimer has a PhD in Business

competition of the faculty of Economic and

istration from USB-ED, an MSc in Operations

Management Sciences, sponsored by Die Burger.

Research and a BSc in Applied Mathematics from

With a Masters in Economics and a PhD from The

UCT, and is a CFA Charterholder. She is an expert

University of Stellenbosch, and over 30 years of

in Investment Management, Portfolio Construction

lecturing experience, it’s a privilege for any student

and Capital Markets, and has 20 years of academic

to study a course designed - at least in part - by

experience, in addition to her 20 year history of

him. André has had multiple academic projects and

engagement in the financial services sector.

reports published; was previously the Director of the

Heidi has taught quantitative disciplines on MBA

Institute for Futures Research (IFR) at Stellenbosch

programs at business schools for over 10 years.

University; is the head of the M Phil programme

She is actively engaged in the transformation of

in Futures Studies; is an associate editor of

education in South Africa and serves on the board

The African Finance Journal, and is a member

of LEAP schools and UCT’s Council.

of multiple national committees.

USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

LEARNING OUTCOMES Find out more about the key learnings and outcomes of the course:

TOPIC 1: ECONOMICS COURSE MODULE 1: INTRODUCTION TO KEY ECONOMIC PRINCIPLES

• Explain what economics and the economic dilemma entails • Articulate how economics and business interact • Show how the economic principles are true in a given context

COURSE MODULE 2: BASICS OF MICROECONOMICS

• Assess what effect a change in supply or demand will have on market equilibrium

• Distinguish between the different price controls • Decide what the best pricing decision is, based on the price elasticity of demand of a product

COURSE MODULE 3: MACROECONOMICS: ECONOMIC GROWTH, DEVELOPMENT, AND UNEMPLOYMENT

• Explain how economic growth occurs and the components of real output

• Investigate unemployment in South Africa and its causes and consequences

• Conclude how unemployment impacts economic growth and development, and suggest remedial action

COURSE MODULE 4: MACROECONOMICS: BALANCE OF PAYMENTS AND INFLATION

• Explain what the balance of payments is and the role of foreign exchange reserves

• Interpret the relationship between money supply and inflation • Investigate how changes in inflation impact the balance of payments

USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

COURSE MODULE 5: SOUTH AFRICA’S ECONOMY IN A GLOBAL CONTEXT

• Illustrate the relationship between China and Africa and the effects thereof

• Analyse what the effects of globalisation and the economic recession are on today’s South African economy

• Write a strategy that outlines ways to revitalise the South African economy

TOPIC 2: QUANTITATIVE METHODS COURSE MODULE 6: INTRODUCTION TO TIME VALUE OF MONEY

• Explore the concept of time value of money, and where it applies in the real world

• Learn how to calculate the present and future value of money

COURSE MODULE 7: DATA ANALYSIS AND SUMMARY

• Explore the value of statistics in the business world • Discover ways of visualising and reading data

WHAT YOU’LL NEED:

• Learn how to apply visual and numerical data to decision-making

COURSE MODULE 8: PROBABILITY THEORY

• Learn the basics of probability theory • Understand the relationship between variables and contingency • Explore the differences between dependent and independent variables

MICROSOFT EXCEL Access to Microsoft Excel is necessary to complete your coursework.

COURSE MODULE 9:

Basic spreadsheet skills are

PROBABILITY DISTRIBUTIONS

also strongly recommended.

• Learn about the various types of distribution and how to interpret them

• Learn how to calculate the three major types of distribution, and how to plot these in Excel

COURSE MODULE 10: USING DATA TO MAKE DECISIONS

• Engage with ways of making decisions, and share your own decision-making insights

• Learn how to measure payoff and opportunity loss, and how to build a decision tree

USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

BASIC MATHS SKILLS Although not a prerequisite, high-school level maths is recommended, due to the technical nature of the subject matter.

TOPIC 3: MANAGERIAL ING COURSE MODULE 11: INTRODUCTION TO ING

• Define the ing equation and the double entry system • Identify the four financial statements and their purpose • Articulate the basic ing principles

COURSE MODULE 12: INTERPRETING THE INCOME STATEMENT

• Distinguish between the different components that make up an income statement

• Calculate the basic ratios pertaining to the income statement • Compare two income statements from two financial years

COURSE MODULE 13: THE BALANCE SHEET

• Investigate the concepts of shared capital and retained earnings • Apply your knowledge of ratio calculations to extract information from the balance sheet

• Investigate the relationship of retained earnings and the income statement

COURSE MODULE 14: COST BEHAVIOUR

• Explain the difference between fixed and variable costs • Investigate what the opportunity costs will be for a given scenario • Defend a business decision using relevant costing

COURSE MODULE 15: CASH MANAGEMENT

• Apply the cash concepts to a scenario • Distinguish between cash and profit • Create a cash budget for a small business

CERTIFICATION Upon successful completion of this course, you will earn a certificate from Stellenbosch University, as verifiable proof of the knowledge and skills you gain throughout the course. In order to the course, you’ll need to obtain an average total mark of over 50%. Successful completion of the course will also earn you up to 20 short course credits, applicable in the domain of USB-ED. USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

THE LEARNING EXPERIENCE Study online, at your own pace

Interact with your peers and tutors

and in your own time

online, to discuss theories and ideas

Full academic and technical

Use your own business as a case

throughout your

study, throughout the highly

learning journey

practical course

Receive and advice

Earn a certificate from

from world-class lecturers and

Stellenbosch University as proof

business leaders

of your new skills

WHO IS USB-ED?

WHO IS GETSMARTER?

The University of Stellenbosch Business School

GetSmarter, a wholly-owned subsidiary of 2U, Inc.,

Executive Development (USB-ED) is the private

is a digital education company that partners with

company of the University of Stellenbosch. Their

the world’s leading universities to select, design and

mission is to create a learning space to enable –

deliver online short courses with a data-

through uniquely designed interventions and applied

driven focus on learning gain. 

research – a network of globally responsible leaders to forge a sustainable future. USB-ED has a footprint

Technology meets academic rigour in our people-

throughout most of Africa and collaborates with

mediated model which enables lifelong learners

international business schools and leading corporate

across the globe to obtain industry-relevant skills

partners to offer participants world-class business

that are certified by the world’s most reputable

learning opportunities.

academic institutions. 

VIDEO The GetSmarter experience: What it’s like to learn online

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USB-ED MBA ESSENTIALS ONLINE SHORT COURSE

MBA Essentials NOW

US Call: +27 (0)21 447 7565 | Email: [email protected] Website: www.getsmarter.com