These are indicative optional modules which may vary year-on-year.
Digital Strategy and Agile Transformation*
Critically discuss a selection of current issues in digital strategy and agile transformation whilst you enhance your critical thinking and creativity in individual and group settings.
More details
Critically discuss a selection of current issues in digital strategy and agile transformation whilst you enhance your critical thinking and creativity in individual and group settings. This module will enhance your skills in analysing complex, real-life strategic problems.
From the shop-floor to the board-room the ways individuals and teams employ digital technology to execute strategy can make the difference between success and failure. Using the latest strategy learning techniques used in leading firms and consultancies (business simulations, interactive workshops, live video case studies, apprentice-style challenges), this module will take you on a learning journey. At the end of the module, through analysis and immersion in real-life strategy situations, you will develop a toolkit to help grow as competent strategists and deal with agile transformations. These skills are essential for a career in consultancy or strategy roles.
Research Methods for Financial Management
Compulsory on the Dissertation route, this module with equip you with the necessary tools to conduct independent empirical research in finance.
More details
Compulsory on the Dissertation route, this module with equip you with the necessary tools to conduct independent empirical research in finance.
In particular, the module touches on various topics that are relevant for writing the final dissertation. This includes a) an in-depth look at the relevant research methodologies in empirical finance, b) training in programming and quantitative analysis, and c) introduction to various data sources available at or through WBS.
Global Challenges in Management & Sustainability*
This module will provide you with the theoretical foundations, appropriately supported by real-life examples, to help understand how global business works today.
More details
This module will provide you with the theoretical foundations, appropriately supported by real-life examples, to help understand how global business works today.
Anyone who picks up a newspaper or watch the news on television or radio or social media will immediately understand the importance of global business and how it has become central to decisions made by governments and their regulators - the trade conflict between the US and China, all the problems for global businesses (as well as the people of the UK and Europe) arising out of Brexit and the potential disruption to global supply chains for companies as diverse as car manufacturers and financial services.
Furthermore, environmental crises and disruptions come in various forms: economic recessions, disease outbreaks, as well as terrorist attacks – many of which cannot be easily predicted and impose numerous non-trivial costs on firms, particularly MNEs due to their multi-market exposures. At the same time, MNEs are accused of behaving irresponsibly in their quest for global market growth, which is likely to impose further costs on these firms.
By the end of the module, you will be able to dig deep into these news headlines and gain real insight into the issues in order to discuss how MNEs can build sustainable business models in today’s global business environment.
Marketing through Social Media
This module develops an understanding of how brand managers can access and use social media channels as part of their marketing strategy in order to build brand presence and maintain relevance in the life of their customers.
More details
Technology has led to a proliferation of social media channels. These channels enable peer-to-peer communication as well as providing brands with many more ways to reach their customers, have relevant conversations with them, and listen to what matters to them. This module develops an understanding of how brand managers can access and use social media channels as part of their marketing strategy in order to build brand presence and maintain relevance in the life of their customers.
Through this module you will develop a greater understanding of the fast growing, changing world of social media channels and their relevance to customers, brands and the firm. The module aims to develop an appreciation of how the firm’s integrated marketing communications, brand management, and content management strategies are impacted by social media channels, and to examine the strategic opportunities and challenges these present.
Specific objectives of the module include:
- Understanding the role of social media in achieving the objectives of the firm's integrated marketing communications strategy.
- Understanding the significance of a content management strategy, including selecting and combining appropriate social media tools for stages of the customer journey.
- Linking social media into the marketing mix, including understanding their relevance in developing product, place, and service decisions.
- Understanding how to use social media as a tool for insight into changing customer needs
- Recognising the advantages and pitfalls of earned media including brand communities, viral marketing, and PR crises.
Mergers & Acquisitions and Corporate Governance
Study the issues and questions that the financial community is concerned with around announcements of mergers and acquisitions.
More details
This module studies issues and questions that the financial community is concerned with around announcements of mergers and acquisitions, value consequences of M&A transactions for both target and acquirer shareholders, sources of value creation, and the selling process.
Derivatives and Corporate Risk Management
Gain a systematic understanding of key risk factors that firms might face and how firms can reduce their risk.
More details
This module provides systematic understanding of relevant knowledge about key risk factors that firms might face and how firms can reduce their risk using various financial instruments.
Judgement & Decision Making
Gain an introduction to the psychology of human judgement and decision making.
More details
Gain an introduction to the psychology of human judgement and decision making. This field provides the foundation for understanding the decision-making processes involved in financial markets. The module encourages you to: see how the insights from this work can help understand the origins of rational and irrationality in financial decision makers and financial markets; improve your own financial decision-making; gain a broader understanding of decision-making throughout the finance industry.
Digital Working & Organisational Transformation*
You'll gain a broad understanding of the tools and organisational arrangements driving the shift towards digital working, and learn the techniques and frameworks to operate effectively in this more dynamic and fluid work environment.
More details
To be effective in modern organisations requires an understanding of the dynamics of digital work. This module equips students with a broad understanding of the tools and organisational arrangements driving this shift towards digital working, and provides them with techniques and frameworks to operate effectively in this more dynamic and fluid work environment.
The module reviews major trends and changes in the workplace arising from the increased adoption of digital tools to support work practices in modern organisations. It reviews major drivers of adoption of these tools and the emergence of new dynamics of interactions and patterns of work.
Behavioural Economics*
You'll be introduced to the ways in which economists and psychologists have used behavioural theories and experimental methods to provide extensions to, or alternatives to, the conventional economic wisdom covered in the Fundamentals of Economic Behaviour module.
More details
This module introduces you to the ways in which economists and psychologists have used behavioural theories and experimental methods to provide extensions to, or alternatives to, the conventional economic wisdom described in the Fundamentals of Economic Behaviour module. It will examine recent cutting-edge research, and consider the implications of that research for individual decision making, the operation of markets and public sector policy making.
Digital Marketing Technology & Management*
Gain an overview of how today's firms use digital marketing practices to achieve their business objectives, giving theoretical and practical subject knowledge and understanding.
More details
This module will provide you with an overview of how today's firms use digital marketing practices to achieve their business objectives, giving theoretical and practical subject knowledge and understanding, cognitive and methodological skills, and social/soft skills.
You can expect to cover similar topics to those in the indicative syllabus: Introduction to Digital Marketing, Website Design, Social Media, Digital Platforms and Tech Giants, Digital Advertising and SEO, Emerging Trends, Analytics and Integrated Marketing, Big Data, Data Science, and Digital Marketing.
Forecasting for Decision Makers*
This module will train you in the key methods that aid decision-making when managers face an uncertain future.
More details
The module aims to provide training on methods that aid decision-making when managers face an uncertain future. The module covers methods for short-term and long-term forecasting of product demand and macroeconomic variables. The module discusses how forecasting aids decision-making.
Digital Business Services*
Focus on how digital technologies enable organisations to offer digital services that aim at improving customer experience as well as firm performance. You'll be prepared to engage with technology-related conversations in the modern workplace.
More details
This module focuses on how digital technologies enable organisations to offer digital services that aim at improving customer experience as well as firm performance. The module assumes no prior knowledge of technology and prepares students to engage with technology-related conversations (e.g., designing a new digital service) at the modern workplace.
The module has three themes. The first theme is gaining competitive advantage using a digital business strategy and covers concepts such as motivations for digital transformation. The second theme provides an overview of what today’s managers need to know about the advantages and disadvantages of cutting-edge technologies including artificial intelligence (AI), virtual reality, internet of things (IoT), cloud computing, social media, and data analytics. The last theme focuses on the lifecycle of digital service provision, covering key concepts such as technology selection and sourcing, agile implementation, and risk management
Entrepreneurship and Business Venturing*
This module aims to develop an understanding of entrepreneurs and the firms they create and manage.
More details
The module aims to develop an understanding of entrepreneurs and the firms they create and manage. Entrepreneurship is not only about new ventures or 'small' business or 'early-stage' business, nor even exclusively about for-profit business. Rather, it is a method of creative problem solving in business and a logic for taking action in a variety of settings where business can make a positive difference. The module, therefore, will explore a range of different ways of thinking about what entrepreneurship is and what entrepreneurs do. Our intention in the module is to try and help facilitate you in developing a more entrepreneurial mindset. This module also provides you with an opportunity to develop a Feasibility Study for exploiting an entrepreneurial opportunity - a precursor to a formal Business Plan.
International Business*
Build on your knowledge of the global economic and business environment and link this to strategies for managing in changing global contexts.
More details
The main module aim is to build on your knowledge of the global economic and business environment and link this to strategies for managing in changing global contexts. Key questions are: How do changes in this environment affect the ways in which companies do business and managers manage across borders: How should firms and individual managers respond (in theory)? How can they respond (in practice)?
Topics will include: the drivers and processes of internationalisation, cross-cultural management challenges, the assessment of overseas investment opportunities and the specific challenges of emerging markets.
Leading for Innovation*
This module aims to develop a greater understanding of how to foster an innovative work environment.
More details
This module aims to develop a greater understanding of how to foster an innovative work environment. In this module the role of the leader will be examined as he/she facilitates innovative ventures by identifying and defining problems worth pursuing (where potential payoffs justify risks), creating a context that allows for multiple parties to work together in generating viable ideas (those with a chance of successful implementation) and managing the context of idea development and fielding – to ensure that viable ideas are likely to be adopted in the marketplace. This module also aims to understand how to develop leaders for innovation.
It is further aimed to develop an understanding into issues such as:
- Why is innovation important (especially now)?
- What makes a leader more or less successful at leading for innovation?
- What is the role of the team in the innovation process?
- How might leading for innovation vary by domain (i.e. IT, marketing, etc)?
- How can crowdsourcing be used to foster innovation?
Strategic Human Resource Management*
This module will provide you with a deep understanding of the strategic role of human capital management and the tools with which to analyse and manage it.
More details
The aim of this module is to provide you with a deep understanding of this strategic role of human capital management and the tools with which to analyse and manage it.
We will consider what is means to align the HR function with strategic objectives. We will ask whether all human capital is equally valuable. We will debate the extent to which human capital and its associated outcomes are quantifiable in a meaningful way. We will examine whether HRM can support both efficiency and flexibility at the same time. Ultimately, the class will provide a range of models and tools for managing human capital in a strategic way.
People & Organisations*
Through this module you will be introduced to key theories and research concerning the behaviour, leadership, and management of people and organisations.
More details
The aims of the module are to:
1) Introduce students to the principles, theories and research underlying the academic disciplines concerning the behaviour, leadership and management of people and organisations (Organisational Behaviour, OB and Human Resource Management, HRM) at four levels of analysis: individual, group, organisational and societal.
2) Develop a critical appreciation of the behavioural and social sciences as they relate to the study of behaviour in organisations.
3) Introduce students to a critical understanding of the practice of management, leadership and people management in particular.
4) Provide students with structured opportunities to practice applying OB and HRM principles, theories and research to analyse and solve organisational problems.
Project Management*
Look at project management methods in a modern context, spanning a range of sectors and applications.
More details
There are two specific features about project management theory which make it a slightly different type of subject to most other academic modules. Firstly, the subject has its origins in large-scale, complex operations. This means that a large proportion of the published theory concerns the planning and control aspects of the management of such processes. Secondly, most of the concepts were developed in the heyday of the 1960s, where a lot of activity was taking place in the aerospace, defence and construction sectors. This means that most of the basic literature is reasonably old and technically focused.
In the modern context, project management methods are now used for a much wider variety of applications including change management, Third World development programmes and IT-based projects. As a consequence, this module aims to span a range of sectors and be as multi-disciplinary as possible. The planning and control aspects of the module occupy only about 20% of the total time available.
You will:
- Develop an understanding of current project and programme management approaches and to make comparisons with your own organisation.
- Develop sensitivity to different project environments and to make comparisons and conclusions about them.
- Increase your understanding of commercial and behavioural issues in the management of projects.
- Provide experience of handling project management problems in a simulation setting.
Ethical Leadership
On this module you will focus on the social, environmental and ethical issues that affect the leadership and management of the for-profit, government and voluntary sectors.
More details
On this module you will focus on the social, environmental and ethical issues that affect the leadership and management of the for-profit, government and voluntary sectors. You'll learn to recognise ethical dilemmas involved in the range of individual, organisational and corporate responses, and identify the implications of these for your personal decision making and choices.
Business, International Finance & Economics*
This module will provide real world examples and case studies to illustrate how economic thinking helps businesses make the most of new opportunities, while managing the risks associated with expansion into new markets and regions.
More details
Exposure to the global economy brings new ideas, technologies, and management practices to a business. Whether looking to build a new plant, sell to a new market or find global business partners, exploiting opportunities in new markets or regions poses fresh challenges.
Many of those challenges arise from the different business environment that's present in countries around the world. What does an understanding of economics tell us about which countries and regions will see markets develop quickly in the medium term? Which governments act in ways that pose macroeconomic risks and which do not? How can resources and intellectual property be managed effectively? Which economic theories offer strategies to foster talent and help staff respond to new opportunities?
The patterns of world trade and the responses of governments have always been in constant flux. Businesses can't rely on traditional markets in the medium- to long-term. The pandemic has disturbed even the recently-established patterns of global economic growth. Strategic business decisions require an appreciation of the economic thinking that underpins these new patterns of growth and the changes in international finance that support them.
This module will provide real world examples and case studies to illustrate how economic thinking helps businesses make the most of new opportunities, while managing the risks associated with expansion into new markets and regions.
The module has been developed for business and management students across the WBS MSc portfolio and draws on ideas and research from macroeconomics, microeconomics, international finance, business strategy and development economics. No previous experience of economic analysis is required.
Design in Business
Understand and appreciate the roles of design within a business context, and critically examine these processes.
More details
The objectives of this module are to:
- Provide students with an appreciation of the roles of design within a business context
- Develop in students a good understanding of the contribution design can make to innovation and organisational success
- Critically examine various innovation and design approaches and processes, and the scope and content of design in both product and service contexts
- Provide insights into the functions and contributions of professional designers
- Discuss the emergence of 'design thinking' and its importance to business
- Explore the issues related to the management of cross-functional teams
- Examine the impact that design and designers can make on organisational performance.
Key
- * Business in Practice only