Management 2014 brochure

Undergraduate information

Management Human resource management International business Managing business and organisation Operations management

Management

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Contents What is management?

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Majoring in management Sample course plan Specialist areas Double majors

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Focus on first year management

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Bachelor of Commerce graduate pathways 8 Honours 8 Careers 9 Graduate study in management 11 Breadth in management

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“During my time at University I particularly enjoyed the extra-curricular programs that I participated in. They opened my horizons to new skills and new people, all of whom were exceptional and highly motivated, which drove me to push myself further.

The Bachelor of Commerce has enriched my academic standing and helped me understand the business world, and most importantly has given me the motivation and skillset to achieve my goals.�

Will Zou Will graduated from the Bachelor of Commerce with a double major in management and finance in 2012. He also completed a concurrent Diploma in Modern Languages (Chinese). While a student Will participated in the Melbourne Business Practicum and Global Consulting Project, and was selected to represent the University of Melbourne at the University of Southern California’s Marshall Business School Case Competition.

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Bachelor of Commerce

What is management?

Effective management enables businesses and organisations to achieve their goals. Management is more than just the leadership and control exercised by senior executives, management skills are practised by people in all roles and are valuable at every stage of your career.

Key management responsibilities include: > Providing direction through leadership, strategic planning and decision-making > Recruiting, training and managing staff, and developing the capabilities of the organisation > Developing efficiency, quality and innovation in operations in a global context To fulfil these responsibilities successfully, managers need specialised knowledge. They need to know what makes organisations successful, and how to analyse, manage and improve performance in a range of organisational areas.

Five reasons to choose management at Melbourne 1. Leadership

No matter what your primary profession, you will probably take on leadership responsibilities early in your career. Management subjects will provide you with the skills you need to excel in those roles.

2. Vital skills for career growth

The discipline of management offers vital skills and knowledge to underpin your career growth. Whether you are a Bachelor of Commerce student, or you are choosing breadth studies (subjects undertaken from outside your core program), studying management will equip you to deliver the leadership, analysis, planning and decision-making skills required in your career.

3. We don’t just use textbooks – we write them

Management academics at Melbourne are experts in their fields.

Their research contributions are internationally recognised and they use cutting-edge knowledge to make the material and the learning process exciting and engaging. Many have won awards for their teaching and some have written popular textbooks.

Their teaching is relevant because they have consulting experience in business and government. They are focused on providing you with knowledge that will be of lasting value throughout your career.

4. Enhanced career options

Management studies are an ideal starting point for students seeking careers in the fields of business analysis, business strategy, human resource management, international business, operations management and organisational development. They are also a valuable complement to studies in other areas, such as accounting, finance, engineering, science or arts.

5. Flexibility

Management at the University of Melbourne offers breadth, depth and flexibility. You can choose from a wide range of subjects or you can pursue in-depth studies in one of our four specialist fields. You can take just a few management subjects to add breadth to your degree, major in management or combine your major with another commerce discipline to form a double major.

Management

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Majoring in management Management involves planning, organising, resourcing, leading or directing, and controlling. Specialist management areas include human resource management, international business, managing business and organisation and operations management. Management subjects are also a valuable complement to studies in other areas, such as marketing, accounting or finance.

A management major in the Bachelor of Commerce is defined as completing three level-3 management subjects (third year subjects).

Level-3 subjects usually have level-2 and level-1 prerequisites.

Sample course plan

1st Year

2nd Year

3rd Year

Semester 1

Introductory Microeconomics

Quantitative Methods 1

Managing and Leading Organisations

Breadth

Semester 2

Introductory Macroeconomics

Principles of Marketing

Commerce elective

Breadth

Semester 1

Business Decision Analysis

Business in the Global Economy

Business in Asia

Breadth

Semester 2

Organisational Behaviour

Managing the Multinational

Cross Cultural Management and Teamwork

Breadth

Semester 1

Chinese Business and the Economy

Managing Entrepreneurship and Innovation

Managing in Contemporary Organisations

Breadth

Semester 2

Business Consulting

Strategic Management

International Human Resource Management

Breadth

Compulsory subjects

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Management subjects

Bachelor of Commerce

Marketing subjects

Commerce elective subjects

Breadth

Specialist areas Human Resource Management

Managing Business and Organisation

Human Resource Management is the study of people at work: how employees are attracted, retained, developed and motivated and how individuals, groups, organisations and institutions influence the character and form of the employment relationship. Subjects combine organisational level analysis with a wider understanding of the way in which economic, social and political factors shape work relationships.

Managing Business and Organisation is about understanding how organisations function; how organisations interact with their competitive, social and political environments; how particular management practices evolve and influence organisational outcomes; and how organisational members react to management practices. The issues that this area investigates include the “big picture” topics of leadership, strategy, organisational structure, culture and change, and the more specific concerns of learning, motivation, teamwork and commitment.

1st year 2nd year

3rd year

Managing and Leading Organisations1 Power and Conflict in the Workplace Human Resource Management

1st year

Managing and Leading Organisations1

International Human Resource Management

2nd year

Organisational Behaviour

Managing Conflict in Global Workplaces Business Consulting

International Business

International Business introduces students to issues involved in managing across borders. Its goal is to equip students with a broad range of skills needed to manage in an increasingly globalised world. It examines how multinational enterprises achieve and sustain competitive advantage in an interdependent global economy. Subjects focus on the methods firms employ to build capabilities and use them strategically in a competitive external environment. That environment includes domestic and international firms, governments, and social and political forces. International Business draws on business strategy, other areas of management (human resource management, marketing and organisation theory) and contextual subjects on particular regions.

1st year

Managing and Leading Organisations1 Managing the Multinational

2nd year

Cross Cultural Management and Teamwork Business in the Global Economy Business in Asia

3rd year

Operations Management

Operations Management revolves around the design, organisation, leadership and control of the productive assets of the enterprise, including people and technology. Students work to develop an understanding of the management and planning functions and processes that form the basis of the organisation’s production, manufacturing or service operations.

Areas of specific focus include managing manufacturing operations and supply chains, managing technology, implementing innovation in an organisation’s operations, designing and implementing techniques to manage quality, making effective business decisions and managing projects.

1st year

Chinese Business and Economy Strategic Management

Managing and Leading Organisations Managing Operations

2nd year

Project Management Business Decision Analysis

International Corporate Governance 3rd year

Managing in Contemporary Organisations Managing Strategic Change Organisations, Ethics and Society Career Management Business Communication

Managing Entrepreneurship and Innovation 3rd year

Supply Chain Management Business Consulting

1 This subject is not included within this specialist area but serves as an introduction and may be a prerequisite for later subjects.

Management

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Double majors You can combine your major in management with one in: > Marketing > Accounting (including full accreditation) > Economics > Finance Students are advised to obtain course advice and plan their subjects carefully in order to maximise their options, such as eligibility for entry into the honours year.

Example of a Double major in management and marketing

1st Year

2nd Year

3rd Year

Semester 1

Introductory Microeconomics

Quantitative Methods 1

Commerce Elective

Breadth

Semester 2

Introductory Macroeconomics

Principles of Marketing

Managing and Leading Organisations

Breadth

Semester 1

Human Resource Management

Managing Operations

Brand Management

Breadth

Semester 2

Strategic Marketing

Market and Business Research

Organisational Behaviour

Breadth

Semester 1

Career Management

Product Management

Supply Chain Management

Breadth

Semester 2

Internet Marketing

Business Consulting

Advertising and Promotions

Breadth

Compulsory subjects

Management subjects

Marketing subjects

Breadth

Example of a Double major in management and accounting

1st Year

2nd Year

3rd Year

Semester 1

Introductory Microeconomics

Quantitative Methods 1

Accounting Reports and Analysis

Principles of Business Law

Semester 2

Introductory Macroeconomics

Introductory Financial Accounting

Accounting Processes and Analysis

Managing and Leading Organisations

Semester 1

Organisational Behaviour

Quantitative Methods 2 / Introductory Econometrics

Cost Management

Breadth

Semester 2

Intermediate Financial Accounting

Business Finance

Breadth

Corporate Law

Semester 1

Enterprise Performance Management

Financial Accounting Theory

Managing in Contemporary Organisations

Breadth

Semester 2

Auditing and Assurance Services

Global Consulting Project

Strategic Management

Taxation Law 1

Compulsory subjects

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Management subjects

Bachelor of Commerce

Accounting subjects

Finance subjects

Breadth

“I not only gained technical and theoretical knowledge during my degree, but also research, analytical and communication skills which can be applied to any job or further study. This course has taught me a lot about teamwork through assignments, tutorials and interacting with academics and my peers.

Being able to apply theoretical knowledge to real business problems though capstone subjects was a highlight of the degree.�

Annabelle Davis Annabelle completed the Bachelor of Commerce in 2012 with majors in management and marketing and a concurrent Diploma in French. She participated in numerous career and academic enrichment programs, including the Global Consulting Project in Hong Kong, an exchange semester in Canada, and was a University representative to Tata Jagriti Yatra in India, an 18-day summit on enterprise-led development. She commenced work as a graduate at Pitcher Partners in 2013.

Example of a Double major in management and finance

1st Year

2nd Year

3rd Year

Semester 1

Introductory Microeconomics

Quantitative Methods 1

Managing and Leading Organisations

Breadth

Semester 2

Introductory Macroeconomics

Finance 1

Commerce elective

Breadth

Semester 1

Organisational Behaviour

Quantitative Methods 2 / Introductory Econometrics

Human Resource Management

Breadth

Semester 2

Power and Conflict in the Workplace

Business Finance

Management of Financial Institutions

Breadth

Semester 1

Investments

Corporate Finance

Managing in Contemporary Organisations

Breadth

Semester 2

Derivative Securities

Global Consulting Project

International Human Resource Management

Breadth

Compulsory subjects

Management subjects

Commerce elective subjects

Finance subjects

Breadth

Management

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“Pursue what you are interested in and take advantage of all of the extra-curricular experiences available. If you are just coming in for classes, you’re missing out on the best part of the experience.

I am a very strong advocate for exchange programs. After living in Melbourne all of my life, to live independently in a new country and be exposed to new languages and cultures taught me a lot about myself, and I also came to appreciate the things I love about Melbourne. It was the best decision I made whilst studying at the University of Melbourne.”

Nicholas Taylor Nicholas is in his final year of the Bachelor of Commerce majoring in management and finance. He is also completing a concurrent Diploma in French.

In 2012 he completed a semester of exchange at the Norwegian School of Economics.

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Bachelor of Commerce

The Basement Lecture Theatre in the Business and Economics building

Focus on first year management Subject name: Managing and Leading Organisations Contact hours

3 contact hours per week, comprising two 1-hour lectures and one 1-hour tutorial Topics covered

The organisations we work in are rich and varied social systems in which many interactions, relationships and processes are played out. The complexity of these interactions, relationships and processes often makes them difficult to understand.

Our challenge in this course is to learn about management theory and develop analytical skills to obtain valuable insights into organisational life. During the course, we give you the tools to understand human behaviour in organisations, and to consider the consequences of that behaviour for individual and organisational performance.

You will also learn about the nature of different types of organisations, such as commercial, governmental and not-for-profit organisations.

By the end of this subject, you will be able to answer these questions: > What is the role of managers and leaders? > How can managers and leaders become more effective in their role? > What motivates people to work? > What hinders individual and organisational performance? > What holds organisations together?

Skills developed

You will develop your problem solving and critical thinking skills as well as collaborative learning and team-work skills. You will also learn to evaluate, interpret and analyse research and improve your verbal and written communication skills.

You will also gain an awareness of the inter-disciplinary nature of management and contributing disciplines such as psychology, sociology, politics, and cultural anthropology. You will understand the interplay of research, practice, and theory within the broad discipline of management and how the social, political, legal and technological driving forces are changing the paradigm of management.

You will appreciate the challenges of balancing the needs of the individual and the organisation, as well as managing staff in changing business environments.

Assessment

This subject is assessed through assignments during semester totalling 40% and an end of semester exam (60%).

Please check the Course and Subject Handbook to confirm subject details.

Management

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Bachelor of Commerce graduate pathways Upon completing your Bachelor of Commerce with a major in management, there are a number of graduate pathways to employment, further study and research.

Bachelor of Commerce Duration: 3 years full time Choose from the following major areas of study: Management, Marketing, Accounting, Actuarial studies, Business, Economics, Finance www.bcom.unimelb.edu.au

Honours Duration: 1 year full time Available in: accounting, finance, actuarial studies, economics, management or marketing or a combination of two areas.

An honours year enables you to extend your knowledge of your major or area of specialisation through higher level honours subjects and by undertaking an independent research thesis in a single area of study under the guidance of an academic supervisor.

Graduate research degrees1 Duration: 2-3 years full time Melbourne Business School offers a range of Masters by Research and PhD programs.

See www.mbs.unimelb.edu.au for more information.

Graduate professional development degrees1

Graduate professional entry programs1

Duration: Generally 1.5-2 years full time

Duration: Generally 2-3 years full time

Melbourne Business School offers a full suite of graduate business and economics programs with an emphasis on career entry programs for recent graduates and specialist education for professionals. Our expertise spans the fields of accounting, actuarial studies, business administration, economics, finance, human resource management, international business and marketing. See www.mbs.unimelb.edu.au for more information.

Title: Master of, unless otherwise specified: Including: Engineering, Forest Ecosystem Science, Information Systems, Juris Doctor (Law), Teaching, Urban Horticulture, Urban Planning.

See www.futurestudents. unimelb.edu.au for more information.

Employment Melbourne Commerce graduates enjoy careers both locally and abroad in areas such as accounting services, finance, insurance and superannuation services, banks, mining, manufacturing, utilities and transport services, business, management, advertising, market research and statistical services, legal services, retail and wholesale, and computing and telecommunications services.

See www.bcom.unimelb.edu.au/pathways/careers.html for more information.

1 Selection into these programs is based on performance in an undergraduate degree and additional selection criteria may also apply.

Note this information indicates many but not all the possible pathways to graduate study.

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Honours

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Honours in management is an additional year of study following your Bachelor of Commerce, covering a number of areas in management, including organisational behaviour, international business and human resource management.

An honours degree will expand your career options by further developing your problem-solving and project management skills. These skills are very attractive to employers and some companies will only hire individuals with an honours degree.

An honours year is a challenging and rewarding year, during which you will make vital contacts, develop research skills and write a short thesis. These are essential skills if you want to pursue PhD level studies and are critically important in a variety of jobs in the public or private sectors.

Students wishing to apply to undertake honours in management must complete the requirements for a major in management and achieve a mark of 70% or better in each of the three subjects required for the major.

Bachelor of Commerce

Careers

A management career path is not a straight line and can vary widely depending on the area of management specialisation. Management skills are practised by people in all roles and are valuable at every stage of your career.

Careers in Human Resource Management

Human resources (HR) is evolving into a strategic, results-driven profession.

In many organisations, human resources activities are directly linked to business goals and HR managers are part of the executive team. Graduates with human resource management expertise find employment in: > Medium to large companies in roles spanning remuneration and benefits, recruitment, employee and industrial relations, training and development, occupational health and safety and equity and diversity management > Federal, state, territory and local government departments and federal government authorities including occupational health and safety and training and development > Not-for-profit sector > HR and recruitment consultancies that focus on working with clients and candidates to place the most appropriate person in the right job > Management consultancies

Careers in International Business

Careers in Operations Management

Graduates with international business expertise will be well prepared to build careers with international roles or overseas placements in both Australian and international corporations, government departments, multilateral organisations like the WTO and World Bank, and international aid organisations.

Operations management specialists typically begin their careers in areas such as quality management, production control, service delivery management and logistics. Career opportunities include domestic and international operations management, and positions managing a range of operational functions, including project managers, running manufacturing operations (factories) or service operations (e.g. retail firms, call centres, consulting teams and firms, research centres and offices). Many Operations Managers go on to careers as General Managers and Chief Executives.

Career options include: > International Human Resource Manager > International Product Manager > Global Supply Chain Manager > International Project Manager Careers in Managing Business and Organisation

Career opportunities include positions in organisational development, change management, strategic management, management consulting, training and development in business, government and voluntary sector organisations.

This is also useful for managers as they go on to become General Managers and Chief Executives.

Career options include: > Operations Manager > Supply Manager > Inventory Planner > Supplier Management Analyst > Operations Consultant > Manager of Business Process Improvement > Project Manager

Career options include: > Management Consultant

> Quality Assurance Manager > Technical Manager

> Communications Manager > Organisational Change Consultant

> Distribution Manager

> Training and Development Manager > Organisational Development Consultant

“The Bachelor of Commerce developed the professional communication and analytical skills that have been critical to my career development.

My studies were both challenging and fulfilling and the wider opportunities presented to me through student societies provided me with invaluable experiences.”

Gabrielle Lim Gabrielle completed her Bachelor of Commerce majoring in management and finance in 2011. While studying Gabrielle was a student leader at the Faculty of Business and Economics’ prestigious Future Leaders Forum, recipient of the Vice-Chancellor’s Student Engagement Award and Executive Director of AIESEC. Gabrielle is a financial services professional specialising in capital management and ROE optimisation. She has previously been engaged in providing financial solutions to the Australian Government, Education and Community Business sectors and the development of strategies for the financial services sector.

Management

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“Studying at Melbourne has truly been a rewarding and enriching experience. I enjoy the dynamic learning environment and the opportunity to study with high-achieving students from around the world. The mentor program was such an amazing learning curve for me as I was able to actively be involved with my mentor’s work and understand how what I am studying can be applied in real business situations.

I have never once felt uninterested in my studies because we are always being challenged. I feel like I am exploring my full potential here.”

Yehua He Yehua is in her second year of the Bachelor of Commerce, majoring in management and marketing. She has acted as Co-President of the Student Entrepreneurs Society and is a member of the Economics Student Society of Australia. She was also involved in the Australian Marketing Institute’s mentor program.

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Bachelor of Commerce

Graduate study in management Career entry programs

Master of Commerce (Management) This 18-month program is designed for those with an undergraduate degree in business (Bachelor of Commerce or equivalent) who wish to deepen their knowledge of management and develop a specialisation in one or more sub-disciplines of the field. In addition to providing a deeper understanding of management concepts, the degree has options for either a minor research or a consulting project.

Master of Management This program is available in two versions.

The 18 month program is designed for graduates with an undergraduate degree in a business, commerce discipline or equivalent and the two year program is available to graduates with an undergraduate degree in any discipline.

The Master of Management provides specialist training in management and is ideal for graduates seeking a career in general management or those wanting to build on their managerial and leadership capabilities.

Master of Management (Human Resource Management) This program is available in two versions.

The 18 month program is designed for graduates with an undergraduate degree in a business, commerce discipline or equivalent and the two year program is available to graduates with an undergraduate degree in any discipline. It covers a broad spectrum of management activities including all the key areas needed to become a successful manager and leader, such as: managing people; developing and implementing a strategic approach to managing an organisation’s human resources; motivating and rewarding employees; dealing with stakeholders and analysing data and developing HR policy and practice.

Master of International Business This program is available in two versions.

The 18 month program is designed for graduates with an undergraduate degree in business, commerce or a related discipline and the two year program is available to graduates with an undergraduate degree in any discipline.

The MIB is ideal for those who wish to establish a management career in international business, and who aim to develop an awareness of the policies governing the world trade and investment system. It provides a solid grounding in the foundations of management and strategic thinking, relative to international and global market operations, and an understanding of how operating across borders impacts on functional areas (such as marketing, accounting, finance and HRM).

Research higher degree programs

PhD in Management and Marketing This three year research higher degree will equip you with fundamental understanding of the research process, to prepare you for an academic career in your field.

Research is undertaken both in Australia and abroad and is published in leading international and regional journals, as well as being presented at the most prominent international management and marketing conferences.

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Breadth in management One of the cornerstones of Melbourne degrees is the opportunity for all students to take subjects from outside their major area of study. The breadth component enables you to tap into other bodies of knowledge, methods of enquiry and personal and professional skills. Students in the Bachelor of Arts, Biomedicine, Environments, Music or Science may take breadth studies in management.

There are a number of breadth tracks available in the discipline of management. For a full list of management breadth tracks, please visit www.bcom.unimelb.edu.au/breadth/tracks/management.html. Some examples are: DOING BUSINESS IN ASIA

ENTREPRENEURSHIP & INNOVATION

Improve your chances of achieving business success with our most important trading partners.

Develop knowledge and skills to assist you in starting your new business venture.

2nd year 3rd year

Business in the Global Economy Business in Asia Chinese Business and Economy

MANAGING PEOPLE

Develops an understanding of effective people management, one of the most valuable assets of the successful manager.

1st year

Managing and Leading Organisations

2nd year

Managing Operations

3rd year

Managing Entrepreneurship and Innovation

THE SOCIALLY RESPONSIBLE FIRM

Build understanding of the economic and social importance of corporate social responsibility.

Organisational Behaviour Human Resource Management 2nd year

3rd year

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And choose one of: Power and Conflict in the Workplace (second year) OR Career Management OR Managing Conflict in Global Workplaces

Bachelor of Commerce

2nd year 3rd year

Organisational Behaviour Power and Conflict in the Workplace Organisations, Ethics and Society

Management

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Need more information?

Commerce Student Centre +61 3 8344 5317 Toll free: 1800 666 300 +61 3 9347 3986 13MELB@unimelb.edu.au www.bcom.unimelb.edu.au

University Information Course Search web site: http://coursesearch.unimelb.edu.au Call the University Information Centre: 1800 801 662

Information Centre Gate 3, Swanston St The University of Melbourne Victoria 3010, Australia + 61 3 8344 6543 + 61 3 9349 1291 13MELB@unimelb.edu.au

Management Undergraduate Information brochure Authorised by: Provost Published by: The Faculty of Business and Economics Copyright: The University of Melbourne, July 2013 CRICOS Provider code: 00116K Intellectual Property: For further information refer to www.unimelb.edu.au/Statutes Copyright: Copyright University of Melbourne 2013. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University.

Disclaimer: The information in this publication was correct at the time of printing. The University of Melbourne reserves the right to make changes as appropriate. As details may change, you are encouraged to visit the University’s website or contact the University of Melbourne Information Centre to obtain the latest information.

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This brochure is printed on paper that contains 55% recycled fibre and FSC certified pulp

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Bachelor of Commerce

www.bcom.unimelb.edu.au