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MBA - Finance

Managing Operations

Programme Objectives

The programme has the following aims:

• To enable the advanced study of organisations, their management and the changing external context in which they operate
• Equip individuals for and/or development of a career in business and management by developing skills at a professional or equivalent level to assume senior managerial and leadership positions in business
• Development of the ability to apply knowledge and understanding of business and management to complex issues, both systematically and creatively, to improve business and management leadership and practice.
• Enhancement of lifelong learning and personal development so as to be able to work with self-direction and originality and to contribute to business and society at large.

Benefits

At the end of the programme the successful student will have the ability to:

• Demonstrate critical understanding of management theories, current issues of management, the development of conceptual frameworks to guide their application within organisations.
• Acquire a strong foundation in key functional areas of business management to enable them to succeed as effective managers/leaders in an increasingly complex and dynamic environment.
• Acquire and use a range of concepts, tools and techniques for problem solving and decision-making for analyzing complex and inter-related business scenarios.
• Demonstrate and apply independent research and critical skills enabling the investigation and evaluation of valid and relevant management issues and practices.
• Demonstrate initiative, insight, attitudes of responsibility and ethical leadership in the development of the strategic management agenda in the organization the participant works in or expected to work in the future.

Programme Content

Overview

This module focuses on the following issues:

• Critical evaluation of the operations management philosophies of “push” and “pull”.
• Examination of the practicality of the philosophies of flexibility and agility currently being explored by many large organisations around the world.
• Development of thinking regarding the manner by which organisations can gain competitive advantage from managing their operations in an innovative and strategic way.

Student centered learning will be strongly encouraged and developed. Cooperative Learning and Problem-Based Learning will be infused into the teaching-learning-assessment strategies.

Group discussion, case analysis and self directed learning resources will be available to support the delivery and the appropriate assessment tools / tasks will be used to assess the intended learning outcomes.

Learning Outcomes

On completion of this module, students will be able to:

• Critically evaluate the established approaches to managing operations from both a strategic and tactical viewpoint.
• Develop and justify a strategic operations management approach for an organisation.
• Evaluate the transformations required to change the operations philosophy of an organisation.

Syllabus

• Introduction to strategic operations management
• Operations strategies
• Operations management and product design
• Capacity planning
• Work Study, Diplomacy And Sensitivity
• The management of the inventory
• Facility layout and flow
• Business process re-engineering and quality management

Resources

• Course Materials provided by IPE.
• Nigel Slack, Stuart Chambers, Operations Management, 6th Edition, 2009, FT Prentice Hall.
• Jay Heizer, Barry Render, Operations Management, 9th Edition, 2010, Pearson International Edition.
• Online resources on OCTAL Portal
• Online data bases from IPE’s E Library