Master of
Business Administration (MBA)

(14 Months FT/24 Months PT)

What is an MBA?

The MBA programme was developed originally in the United States and was introduced in the UK soon afterwards. It continues to expand rapidly both in Europe and in the rest of the world. With the relentless internationalisation of the world economy, an increasing number of companies and organisations require top managers to have an MBA degree. The degree covers not only business administration subjects but a variety of other fi elds, all of which are of vital importance to managers in business and the public sector.

Why have an MBA?

The MBA programme is action-oriented and is designed to accelerate the managerial and leadership development process of candidates. Gaining an MBA from CIM will make you a great deal more competitive in the market place as your knowledge of management skills and operating techniques will be significantly improved. Management in both the private and public sectors requires the highest level of relevant training, as well as vision, analytical skills and the ability to implement far-reaching decisions; our MBA programme stimulates students to look beyond narrow boundaries and horizons, preparing them for higher-level career-planning.

Our MBA is designed for practising managers with previous relevant education, training and work experience who are required to make a major contribution to the policy of their organisations. The specifi c focus of the programme is on enabling managers to operate at a strategic level and manage their organisations effectively in the complex and uncertain business environment of today. Close links have been established with industry, commerce and the public sector, all of whom have contributed to the development and design of the programme.

Course Objectives

At the end of the programme students will be able to:

1. Gain a broad understanding of the managerial techniques for decision making.

2. Provide a global view of organisations and their environment in order to face the challenges of the 21st century.

3. Underline the importance and significance of increased managerial effectiveness and competence, and understand the various strategic approaches.

4. Enrich their development and managerial prospects by learning through their own past experience and their current and future needs, as well as the needs of their market and society.

5. Comprehend and appreciate the concepts and theories of management and see to what extent these theories are applicable in the real and changing world.

6. Understand and evaluate the objectives and importance of formulating strategies in a local and global context.

7. Diagnose and analyse intricate situations and deal with unforeseen exogenous factors affecting the internal environment of their organisation.

8. Deal effectively with human deficiencies and tackle human friction. Lead their teams through tough decisions and times.

9. Face the challenges of career requirements more confidently and increase their advancement prospects for acquiring a senior managerial position.

Recognition

The MBA offered in Nicosia and in Limassol alike is accredited by the Cyprus Quality Assurance Agency and upon completion can be submitted to KYSATS for recognition. As such, Cypriot students are eligible to apply for a government subsidy of up to €3420.

Commencement

Classes commence in October. The academic year runs from October to May, when the final exams take place. From June onwards, students work on their dissertation, which must be submitted in October.

Weekly Hours Taught

The number of weekly taught hours for full-time study is 18 teaching periods per week. The total number of courses taught in one year is 6. For part-time students, the number of weekly teaching periods is 9.

Dissertation

A key requirement of the MBA is a dissertation of 10,000 words, which must be submitted by November or, in case the Dissertation is found wanting further revision by the Institute’s markers, by December. The dissertation must be of satisfactory standard and must contain original research work. Students may be required to present and defend their work to an examining panel. The 10,000-word dissertation is a major part of the MBA and a student not submitting an up-to-standard thesis will not be awarded the degree. The dissertation must be on a pre-agreed topic (agreed with the student’s tutor) and should have a research bias. Students are expected to begin work on their dissertation once exams are over in June. They must submit their work by the end of November of the same year. Students are allocated a tutor, who assists them in the early stages of research in January. The Institute encourages students to undertake studies that are of a current concern to a real organisation, preferably their own if employed.

Dissertations are marked by an internal examiner and moderated by an external examiner. The pass mark is 50% and students’ performance will be indicated on their transcript. In case the dissertation is not of an acceptable standard, students, paying an extra 200 Euros, may re-submit their work, which has to be in by latest December. If the dissertation is again found to be unsatisfactory, then the student will fail their MBA.

Note: All optional modules are subject to availability of lecturers and student demand. For a subject to run, there should be a minimum of fi ve students.

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Compulsory:

1. Strategic Management
2. Organisational Behaviour
3. Research Methods
4. Economics & Financial
5. Strategic Marketing

Optional (1 out of 4):

6. Operations Management
7. Entrepreneurship & Innovation
8. International Business & Cyprus in the Global Economy
9. Ethics & Corporate Social Responsibility

Module Aims

Subjects (Compulsory & Optional)

1. Strategic Management

Strategic Management aims at providing students with an understanding of the strategic aspects and decision making processes of the organization and the tools that top management employs. Furthermore, the course aims to provide students with an understanding of various organizational structures and management processes with emphasis on strategic decisions such as the resource allocations, mergers and acquisitions, diversifications, business analysis, competitor analysis and planning. Finally, the course discusses the role of top managers such as the CEO, or general managers as strategists and how these roles attempt to co-ordinate all business and functions in the organisation to reach its objectives and longer term goals.

2. Organisational Behaviour

The module of Organisational Behaviour focuses on the interaction of people in organizations and the consequences of their behaviour for organizational effectiveness and performance. Organisational structures, perceptions and attitudes, technologies and objectives provide the appropriate framework within the behaviour of individuals, groups, networks hierarchies and organizations. This course aims to provide students with an understanding of a systematic set of behavioural science concepts for analyzing human behaviour in organizations. Further it provides the opportunity for relating these theoretical ideas to realistic organizational problems through practical experience within the corporate environment. The course aims to increase the ability to infl uence, lead and manage others effectively in organizational contexts. The major theories and research fi ndings in this area derive from the academic disciplines of psychology, sociology and anthropology and students will be required to familiarize themselves as directed. It is expected that the knowledge gained will be used in case study analysis. In this way students are expected to improve their ability to perceive the drivers of organizational behaviour and to form diagnostic conclusions as a basis for managerial action and change management

3. Research Methods

Research is a logical and systematic search for new and useful information on a particular topic. It is an investigation for fi nding solutions to scientifi c and social problems through objective and systematic analysis. It is a search for knowledge that is a discovery of hidden truths. Here, knowledge means information about matters. The information might be collected from different sources like experience, human beings, books, journals, nature, etc. Research can lead to new contributions to the existing knowledge. Only through research it is possible to make progress in a fi eld. Research is done with the help of study, experiment, observation, analysis, comparison, and reasoning. As such, this course introduces students to the essentials of Research Methodology and equips them with the necessary tools to conduct the research for their assignments and, particularly, their dissertation.

4. Economics & Financial Management

This is a joint module where students cover Economics in the first half and Financial Management in the second half. The aim of the Economics component of the module is to introduce students to economics and provide a foundation of economic understanding and knowledge so as to grasp the implications for businesses of changes in the economic environment. Moreover, it aims to develop the ability to use economic understanding and knowledge in examining and assessing a number of microeconomic and macroeconomic issues. As regards the Financial Management element of the module, it aims to cover the basic areas of financial management, which are of fundamental interest to corporate managers and to understand the basic principles needed to implement financial decisions both inside and outside the firm.

5. Strategic Marketing

The Strategic Marketing module aims to build upon the basic foundations laid by the Marketing module. In particular the module seeks to extend the depth of knowledge about the development of marketing strategies, and their implementation. On completion of the module students will understand the processes adopted by marketing professionals: analysis, development of marketing strategies, and critically, the ways in which these strategies are implemented, and refined in response to tactical/short term imperatives. The general intent of the module is to refi ne students’ ability to make marketing decisions, and also to do so at a higher level than discussion previously. In particular the module will help students develop their ability to: choose the most effective analytic strategies, assess implementation and managerial implications; and critically evaluate strategic marketing analysis methods with respect to their validity and relevance in a range of marketplaces. The module will also explore the impact of marketing decisions upon the long-term evolution of markets; and market structures in terms of customers, competitors and market channels.

6. Operations Management

The Operations Management module provides a general introduction to operations and process management and explains how the operations function fi ts within the organisation overall. The module also explores how actors outside the core operations function have a role in, and engage in the management of processes.

The module will show students the wide organisational scope of operations management activity and will establish an understanding of the core concepts underlying the discipline. The module is introductory in nature, and while focused primarily on large organisations, also looks at small organisations and even the management of individual “human” processes. The module is intended as an introduction to operations management in both service and manufacturing organisations. Its intention is to provide the building blocks of those basic principles which are broadly applicable to most organisations. The module will introduce the basic principles of the “lean” operation, and show how managers can adopt lean principles in practice.

7. Entrepreneurship & Innovation

The Entrepreneurship and Innovation module is about entrepreneurs, innovators, and the things (products, services and processes) they create. Students often misunderstand the purpose of modules on entrepreneurship and innovation. Such modules – and this is no exception – are not “vocational”; they don’t tell you how to write a business plan, how to fi nd VC funding for a startup etc. Issues like these are certainly subjects that come up for appraisal, but our aim is to critically analyse them, not give you a “how to” for new venture creation.

Entrepreneurship is not confi ned to the context of new ventures or start-ups. For example, entrepreneurship can occur within large and mature organisations, and as often as not occurs within the non-profi t sector. Similarly, innovation is not just about ideas, inventions and technology. In the module we take a very broad view of innovation, and for example will look at process innovations, and organisational innovations as well as new technology, products and services.

What the module is about is creativity, and creative problem solving. The module will explore a range of different perspectives on entrepreneurship and the activities of entrepreneurs. If the module is at all “vocational” it is in inculcating a mind-set that supports entrepreneurship and innovation. The intention is is to help you develop the understanding, attitude and skills that will help you create and implement “the new”.

8. International Business & Cyprus in the Global Economy

International Business & Cyprus in the Global Economy aims to develop in students a working knowledge of the global business environment, including its economic, political, legal and sociocultural components. Moreover it aims to develop in students the ability to think strategically about leveraging various country differences to create worldwide competitive advantages. Through the module of International Business & Cyprus in the Global Economy students delve into the challenges that businesses face when entering foreign markets and when competing against local fi rms and other international companies, with a particular emphasis to the Cyprus economy. In addition, the module provides students with conceptual frameworks for analysing business opportunities globally and across countries in different stages of economic development.

9. Ethics & Corporate Social Responsibility

This module aims to critically analyse the drivers of enterprise and wealth creation from the perspective of their ethical implications. Moreover, students will investigate changing approaches and attitudes to sustainability and corporate social responsibility and will also critically evaluate frameworks for the discussion of business ethical issues and the use of tools for managing business ethics. Added to this, the module aims to examine the impact of globalisation on enterprise and evaluate diverse ethical models and theories (normative and descriptive). This module explores corporate responsibility and ethics from a multidisciplinary and multistakeholder perspective. It reviews theories and practice of corporate ethics, responsibility, and liability and illustrates how they apply to a number of complex business, development, and policy situations in the evolving global business landscape.

Assessment

Students sit for examinations once a year, every June.
The weighting of results is as follows:
Assignments – 40%
Final exams – 60%

The pass mark is 50%

Note 1: The module of Research Methods is assessed solely by the Research Proposal

Note 2: Some Assignments can be in the form of Group work followed by a Presentation and Self-Reflective Report

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Master of
Business Administration (MBA)

(14 Months FT/24 Months PT)

What is an MBA?

Why have an MBA?

Course Objectives

Recognition

Commencement

Weekly Hours Taught

Dissertation

Admission Requirements

Duration

Accreditation

Apply

Brochure

Contact

Compulsory:

Optional (1 out of 4):

Module Aims

Subjects (Compulsory & Optional)

Assessment

Get in touch

Nicosia

Limassol

Follow us

Master of Business Administration (MBA)

(14 Months FT/24 Months PT)

What is an MBA?

Why have an MBA?

Course Objectives

Recognition

Commencement

Weekly Hours Taught

Dissertation

Admission Requirements

Duration

Accreditation

Apply

Brochure

Contact

Compulsory:

Optional (1 out of 4):

Get in touch

Nicosia

Limassol

Follow us

Master of
Business Administration (MBA)