Management

MBA REGULAR PROGRAMME IN MANAGEMENT

1.1       PHILOSOPHY

This professional programme equips leaders in the corporate world to deal with challenges and vagaries of the business world. It will enable candidates to critically analyze business problems using appropriate operations research techniques and creatively arrive at solutions. It gives students a thorough understanding of the components, structure, characteristics and dynamics of the business environment and provides them with effective strategies for managing the environment; to analyze the environment and craft and implement strategies that will ensure the survival and profitability of organizations.

 

1.2       OBJECTIVE

The major objective of the MBA programme is to help create a pool of capable intellectually sound and highly skilled human capital that will play leadership roles in the corporate world and in the process guarantee and fast-track the nation’s economic development. The achieve this grand objective, the programme aims at the following specific objectives among others:

  1. To imbue students with critical skills that are required for meaningful participation in business management and effective leadership roles in other spheres of life such as analytical skills, interpersonal skills, problem solving skills and leadership skills.

 

  1. To help students develop the ability to conduct independent research on any topic or problem.

 

  1. To teach students how to conduct a feasibility analysis for the purpose of determining the viability and profitability of a project and to develop a business proposal based on such analysis.

 

  1. To highlight the importance of environmental alertness and responsiveness in organizational management.

 

  1. To prepare students for effective and successful project management.

 

  1. To enable students to have a better understanding of the process involved in organizations and how to manage them.

 

 

1.3       SCOPE

The MBA programme of the department consists of course work (theory), seminar, on-the-training and project report. It covers all the critical aspects of business management as highlighted under objectives and list of courses. The seminar prepares them for their ultimate project report and also teaches them how to make presentations while the on-the-job training enables them to observe managers at work for six weeks and affords them the opportunity to compare theory with practice. The project report further develops their capacity for research work.

 

 

 

1.4       MODE OF STUDY FOR MASTERS IN BUSINESS ADMINISTRATION (MBA)

  • Course work/Project Report.
  • On the job training
  • Seminar

 

1.5       DURATION FOR MASTERS IN BUSINESS ADMINISTRATION (MBA)

  1. Full-time: Four (4) semesters.
  2. Part-Time: Five (5) semesters.

 

1.6       EMPLOYMENT OPPORTUNITIES

The programme prepares students for a wide range of opportunities for employment in the private and public sectors and international organizations.

 

1.7       AREAS OF SPECIALIZATION

Human Resources management

Project Management

Entrepreneurship

Production and Operations Management

 

STRESS AREAS    

  • Introduction/on-the-job
  • Operations Research
  • Research Methods
  • Public Administration
  • Human Resource Management
  • Information and Computer Technology
  • Statistics
  • General Management
  • Strategy
  • Project Report

 

 

 

LIST OF COURSES

 

FIRST SEMESTER

Course Code              Course Title (Core Courses)                                    Credit Units

MAN 855                    ICT Management                                                                    3

MAN 811                    Quantitative Methods for Management                                  3

BAF 811                     Corporate Finance                                                                   3

MKT 873                    Strategic Marketing Management                                          3

MAN 812                    Operations Management                                                         3

MAN 821                    Research Methodology                                                           3

 

 

SECOND SEMESTER

Course Code              Course Title (Core Courses)                                    Credit Units

MAN 802                    The on-the-job Project                                                            3

BAF 831                     Environment of Business                                                        3

MAN 812                    Organizational Behaviour                                                       3

MAN 821                    Business and Company Law                                                  3

 

 

THIRD SEMESTER

 

Course Code              Course Title (Core Courses)                                    Credit Units

MAN 803                    Introduction on General Management                                    3

MAN 884                    Corporate Strategy                                                                  3

BAF 833                     Managerial Economics                                                           3

MAN 823                    Graduate Seminar                                                                   3

MAN 843                    Human Resources Management                                             3

MAN 875                    Entrepreneurship                                                                     3

 

 

 

FOURTH SEMESTER

 

Course Code              Course Title (Core Courses)                                    Credit Units

MAN 874                    Interpersonal Skill Development                                            3

MAN 878                    Leadership and Management                                                  3

MAN 844                    Industrial Relations                                                                 3

MAN 884                    Global Economic Environment                                              3

MAN 846                    Appraisal and Compensation Management                            3

MAN 876                    Project Management                                                               3

MAN 986                    Project                                                                                     6

 

 

 

 

COURSE CONTENTS AND CREDIT UNITS FOR EACH COURSE

(COURSE SYNOPSIS OF THE MBA PROGRAMME)

 

Quantitative Methods for Management (QMM)

Basic elements of decision making under conditions of uncertainty, set theory, probability theory; classical statistics and statistical decision theory; linear programming, primal  and dual simplex algorithm, transportation and network analysis, concept of queuing theory, games, statistical inference and hypothesis testing, time series.

 

Corporate Finance

The principles and procedures underlying financial statements; financial transactions; alternative accounting  statements; tools or analysis of ratios and other quantitative measures; accounting information useful for managerial action; application of information in decision situations. Project Appraisal, analysis of investment projects, the impact of risk, tax and inflation, the term structure of interest rates, the cost of capital and target rates of return; capital market and its efficiency, the role of intermediaries, sources of finance, the borrowing decision and company valuation and optimal portfolio allocation; capital structure, optimal capital structure of firms, mergers and acquisitions and the market for corporate control, market efficiency, the principle of capital structure, gearing and the basics of hedging and international finance.

 

Strategic Marketing Management

Perspectives and problems of marketing management in a multi-product firm, the concept and application of strategic planning to business units and functional areas of marketing, utilization of current marketing strategy, models as aids in strategy formulation, decision processes for product planning, pricing, promotion, distribution and competitive strategy.

 

Operations Management (OM)

Issues in operations strategy, process analysis and the use of data and managerial opinion in making effective propositions to address the questions in the cases. Major economic decision, problems of production and operations management; aggregate production and work-force scheduling; multi-plant allocation of product; large scale project control (CPM and PERT); production and inventory control; demand forecasting; quality control; and short run job shop scheduling; the interaction of production problems with those of their functional areas, queuing theory, dynamic programming, multiple regression and correlation.

 

Research Methodology

The course is designed to improve the ability of students to carry out empirical research and to evaluate published research, topic covered include the nature of scientific research, theory building, and concept definition, hypothesis formulation, sampling methods; nature and sources of data; concept and problems in data collection and sampling; data analytical techniques; analyzing research reports and referencing style; validity and reliability, measurement and scaling methods, criteria for casual inferences, studies and control groups, considerable time will be devoted to report writing include editing foot noting etc.

 

 

 

The On-the Job Project

The on-the-job project is a twelve-week programme spent observing a manager in challenging situation and reporting on what students observed and learned.

 

Environment of Business

The basic objective of the course is to examine the legal, social, political and economic framework which business organization must operate in the Nigerian environment. Because of the pervasive influence of globalization and reduction of distance between nations, there value systems, language, etc. international business environments will be explored.

 

Topic covered include: The concept, scope and nature of the business environment and environmental scanning, characteristics of the business environment, the concept of environmental scanning, strategies for managing the business environment, complexity theories. Legislation related to business. Ethical theories of business decision, social and cultural issues in business. Theoretical and practical issues of the Nigerian Political economy which dictates the basis of fiscal and monetary policies macroeconomics management and business practices.

 

Organizational Behaviour (OB)

Exposure to essential theories and concepts for anglicizing managerial problems, individual and group analysis of cases and experimental exercises, exchange of ideas and experiences in the classroom, intensive field-based project work in groups.

 

Business and Company Law

Familiarize candidates with the legal aspect of business. Law of contracts, agency, hire purchase, carriage of goods, and related laws are examined. The company act and company and miscellaneous matter decree are examined I depth.

 

Introduction to General Management (IGM)

Evolution of Management thought; Functions and responsibility of general management; Understanding global management; Managing through processes; Managerial values, managerial decision making; planning, organizing, directing and coordination, problems affecting the character and success of the enterprise; the design and implementation of corporate strategy.

 

 

Corporate Strategy (CS)

Conceptual framework and models for the analysis of competitive situations and strategic dilemmas; insight into strategic management; analyses of external competitive environment, industry structure, value chain dynamics, etc.

 

Managerial Economics (ME)

Application of principles from various field in economics and business to management decision making; price mechanism, allocation of resources, profit drivers of the firm, revenue and cost drivers, interaction among the market players, firms’ strategy, understanding market forces, the meaning of competition, pricing and profits, market power good or evil, playing games I competition versus cooperation, playing games II Entry and Exit, firms versus markets, make or Buy auctions and market design, economics of information.

 

Human Resources Management

Topics to be covered include the scope, nature, methods and principles of organizational human resources management. The course will provide an overview of strategies and management practices in manpower planning techniques, staffing, human resources training and development, performances management and system design, compensation designs and reward management, career planning and employee welfare. Line and staff functions as well as relationship between personnel department and other departments. Review of current principles and practices of human resources management in the Nigerian and global context.

 

Entrepreneurship

The basics associated with innovation and building a new venture or initiative from scratch either inside an existing organization or as a new company startup. The course assumes no prior knowledge of business or entrepreneurship. The broad mission of the course is:

  • To develop and understand the entrepreneurial frame of mind that drives innovation (think entrepreneurial)
  • To understand the basic skill set required to start or champion something new.
  • To estimate self-evaluation for career direction.

 

This course explores the ability to think creatively with a business frame of mind . the course focuses on brining new innovations to market. It will instill and appreciation of the characteristics and motivations of entrepreneurs and entrepreneurs. The course also addresses the importance of acting as a responsible and ethical individual while pursuing a business opportunity.

 

Interpersonal Skill Development

The purpose of this course s threefold. First, the course will acquaint candidates with guidelines that will help them create well-crafted academic communication. Second, it will give them the opportunity to practice their communication skills and to receive extensive feedback from their colleagues. You will write and/or revise an article manuscript or conference paper, present a conference paper or job talk, write a manuscript peer review, and engage in various communication exercises. The article and talk, which are the major assignments of the course will be based on material from your own doctoral studies. Third, the course will provide an opportunity for your to learn about professional norms for a range of activities that surround the academic enterprise, including, for example, the scholarly publication process and the job search process.

 

Leadership & Management

Organizational leadership is the process of influencing other people to achieve organizational goals. This leadership course reviews and builds upon the basic knowledge of leadership provided in an introduction to organizational behavior course by expanding the scope and depth of the student’s knowledge of leadership theories, by providing practice in basic leadership skills, and by developing the student’s self-knowledge of his or her preferred leadership styles. To develop the ability to work with and through others in order to make effective contributions as a member of an organization. The curse emphasizes developing a leadership orientation, understanding critical leadership issues and developing appropriate leadership skills. In this course, the student is also introduced to the basic concepts of management and organizations. Primary emphasis is given to three primary functions: planning, organizing and controlling. Additional topics include organization theory, the global environment, ethics and decision making.

 

Industrial Relations

This course covers emergence and resolution of industrial conflicts. Topics to be covered include employment Law, Management of employee relations, employee deviance, economies of employment and unemployment, collective bargaining, trade unions, industrial conflict, industrial sabotage, equal employment opportunities, negotiations skills, third party intervention.

 

Global Economic Environment

This course is designed to appraise students of the nature of globalization and its impact on the economy of individual nations. It is also expected to highlight the interconnectednessof various economies. Specifically,  it should cover topics such as 1) Economic environment , 2) Globalization; definitions, nature, history, opportunities, challenges, advantages and advantages, impact on the banking and manufacturing sectors, the way forward, global economic shocks, causes and effects of the recent global economic shock on the various sectors of the Nigerian economy, the lesson learnt, experiences of Mexico and Asian countries 4) The Modus Operandi, roles, benefits and criticisms of international institutions such as IMF, World Bank and WTO, 5)  Multinationals and Globalization, 6) Culture and Globalization, 7) Free Trade and the Nigerian economy.–

 

Appraisal and Compensation Management

The various kinds of systems used by organizations to evaluate and reward employee performance. Job analysis, job evaluation, setting performance standards, giving appraisal feedback, designing incentive systems, administering a salary plan.

 

Project Management

The Project Management Course is an instructor-led programme that prepares individuals for the rigors or project management. The participants receive the institute’s faculty’s unparalleled expertise and knowledge, combined with practical instruction on the processes, organizational structures and tools to ensure their project work yield the desired business results. An application concept is key and participants enjoy an enthusiastic, interactive environment while sharpening their project management skills and abilities. The programme curriculum educated by involvement and provides participants with immediate skills that will enable them to:

  • Review and validate project objectives.
  • Establish a multi-functional project team.
  • Define the framework by which team members will work together
  • Develop the work breakdown structure (WBS) and assign ownership to each task.
  • Produce a schedule that can be managed by critical path and float
  • Refine estimates and finalize resource requirements
  • Develop risk management plans.
  • Track, access and communicate project status.
  • Manage issues, changes and additional risks.
  • Conduct close-out reviews and communicate key learning.

 

 

Project

A research based study and report in an acceptable management problem area approved by the supervisor and the postgraduate committee. It expands and consolidates students knowledge of empirical research.