INSTITUTE OF MANAGEMENT, ECONOMICS AND FINANCE
International Master Program “Industrial Management”
Course
Current Management Problems
Objectives of the discipline:
This course is an introduction to the principles of
management examining their application in
public and private, profit and non-profit
organizations. Students will explore the areas of
employee
motivation,
group
behavior,
leadership, strategic planning, organizational
design, and career opportunities. Fundamental
concepts
of
management,
effective
communication competency, ethical dilemmas
faced by managers and corporate social
responsibility will be explored.
Course Content:

Emerging issues and their effects;

Development of skills in research
and decision making in the current
business and management areas;

Current economic/financial
issues;

Contemporary issues and topics in
business and management;
Modern Strategic Analysis
Objectives of the discipline:
Strategy involves the coordination and
integration of the efforts within the different
functional areas of an organization for dealing
with an uncertain future. This comprises
formulating a business strategy for each
individual unit of the firm, formulating a
corporate strategy, and implementing these
strategies. Strategy formulation involves
understanding the business the firm is in,
determining how to position the strategic unit
within this business environment, and
developing the capabilities to compete, but also
to cooperate, in this environment. Therefore,
ECTS Semester
4
4
Exam/
pass-fail
1
exam
1
exam
Compul
sory/elec
tive
compuls
ory
compuls
ory
strategy at the same time coordinates and
integrates the individual functional strategies
such as manufacturing, marketing, sales, and
finance.
1.
Understand the nature of strategic
competitiveness and develop the ability to
analyze the competitive environment facing a
firm, assess the attractiveness of the industry and
isolate potential sources of competitive
advantage and disadvantage.
2.
Develop business level strategies by
defining the type of advantage sought, scope of
operations and activities required to deliver the
chosen strategy. Assess the likely sustainability
of firm strategies and competitive positions.
3.
Discriminate among the types of data that
general managers need to evaluate alternative
scenarios. Make quantitative assessments of
strategic alternatives and develop logical,
coherent and persuasive analyses for a desired
course of action.
4.
Consider the actions of competitors and
how that impacts your ability to reach your
strategic goals. Develop courses of actions that
incorporate the actions of multiple players in the
marketplace.
Course Content
Strategy
concepts
and
business
sustainability;
Industry value system;
Strategy: the building blocks;
Competitive dynamics;
Contemporary challenges and research
questions.
4
Strategic Marketing
Objectives of the discipline: This course will
review and appraise contemporary marketing
strategy, literature and practice to provide
students with a comprehensive understanding of
marketing
and
business
strategy,
and
fundamentals in the rapidly changing digital
market space.
By the end of the course students will be able to:
• Think in the terms of a professional marketer
• Read and evaluate specialist marketing
literature / cases
• Develop integrated marketing strategies for
global brands
• Be able to critically appraise the marketing
strategy of a global brand leader
2
exam
compuls
ory
• Apply strategic marketing concepts to the
global digital economy
Course Content: •
Foundation concepts to
develop the scope and complexity of marketing
in the global business environment. The critical
role of marketing in the development of
corporate strategy.
•
Purpose and corporate positioning of
marketing in the rapidly changing digital world.
•
Consumer – segmentation, targeting,
positioning and consumer behaviour.
•
Strategic models.
•
Market research and marketing analytics:
•
Identification and definition of key
measurement metrics including rapidly changing
social media requirements.
•
New channels of communications – the
rise of digital consumer promotions and
interreaction through ‘e’ / digital devices.
4
Corporate Finance
Objectives of the discipline:
2
exam
Compulsory
2
Pass/fail
Compulsory
1
Pass/fail
compuls
ory
This course concentrates on issues and analytical
problems relating to corporate cash flow modeling,
valuation, mergers and acquisitions, and capital
raising. It uses case studies, textbook, journal articles
and current events to illustrate key decisions made by
managers, investment bankers, investors and
regulators. The course also seeks to develop students’
ability to make, articulate and defend their judgments
in a realistic setting both orally and in writing.
Academic Writing (Foreign Language) 2
Objectives of the discipline: After mastering the
course students should be able:
•
To distinguish the structure of the
research article a
•
To know the typical features of the
research article parts
•
To be aware of the academic vocabulary,
grammar and style
•
To know the specific feature of critics,
synthesis, essays.
Course Content:
During the course students will learn how to find
relevant sources of information, make a plan of
the research, produce an outline of the research.
They will master the skills of paraphrasing,
summarizing, citing and referencing, organizing
paragraphs, making headlines.
2
Research Methods in Management
Objectives of the discipline:
This course covers principles of research design
and data collection with examples drawn across
the areas of marketing management, industrial
relations, policy analysis, etc. Both cases and
computer-based exercises are used. While
effective directors and business managers
recognize the value of using research to help
develop their strategies and better understand the
market and their customers, they do not always
understand when and how to employ solid,
effective research approaches. This course will
cover the fundamentals of research design,
research instrument design, fielding research
projects, sample design, data input and analysis,
uses of secondary research, the theory behind
research methodology, and when and how to
identify when it is important to conduct research.
Upon course completion, students should be able
to:
•
Understand what research is and why it is
important to organizations
•
Identify the main research methods
•
Distinguish between qualitative and
quantitative, primary and secondary research
•
Be able to define rigour and strong
inference (threats to validity and reliability)
•
Detect when research is done well and
draw conclusions from it
•
Design high quality research
•
Understand how to conduct formal versus
scientific research
•
Describe
and
utilize
levels
of
measurement
•
Construct research instruments, such as
surveys
•
Develop good survey, interview and
focus group questions
•
Understand and recommend solid
sampling methods
•
Design methods to increase response
rates for various methodologies
•
Consider the ethics and politics of
conducting research
•
Conduct basic data analysis and report on
the results (using SPSS)
•
Communicate and understand research
results
•
Conduct a primary research project from
start to finish
Course Content:

quality control assessment

case studies

content analysis

employee
and
customer
satisfaction studies

online research techniques

new product, market or audience
development

expanding existing markets

advertising and social marketing
testing or evaluation

branding

competitive intelligence

political polling

donor or membership research
program evaluation
5
Management of Company Competitiveness
Objectives of the discipline: Organisations face
increasing environmental uncertainty with
shortening product and technology life cycles
and increasing competition. Managers need to
develop an understanding of their organisation’s
industry structure, external environment as well
as its internal strengths and weaknesses. It is also
important that managers are able to think
creatively in formulating and implementing their
strategies to ensure their organisation’s success
in its industry. This course, therefore, focuses on
providing future managers with relevant strategic
management concepts to advance their skills and
abilities so that they can contribute towards an
organisation’s competitive advantage.
Course Content:
 External analysis
• Internal analysis
• Functional level strategy
• Business level strategy and industry
environment
• Corporate strategy
• Strategy in the global environment
• Strategy implementation
• Managing strategic change
• Stakeholders, corporate governance, and
business ethics
5
Organization of production
The purpose of discipline - formation of students'
professional competencies
economics, planning, business management,
organization
manufacturing processes, providing the ability to
graduate
independent professional activity for the
production and solutions
economic problems of the enterprise
1
2
exam
exam
Comp.
compulso
ry
(organization) in market conditions.
Problems of the discipline:
- Formation of knowledge in the field of
economics of enterprise (organization);
- Formation of knowledge in the field of modern
methods of organization and
production planning, management of the
enterprises (organizations)
aimed at efficient use of logistical and labor
resources;
- The skills of application of modern methods of
economic sciences
for economic valuation of the company and the
technical and
economic justification of investment and
innovation projects;
- Formation of knowledge and impart skills in
planning and
efficiency evaluation of projects.
2
Change management
Effective leaders understand how to manage
change, an essential skill when working in a
rapidly changing business environment. In this
two-and-a-half-day intensive workshop, you
identify the external and internal forces that
cause change, such as leading a new initiative or
project, working to change the culture of the
organization, launching new products or entering
new markets. You gain the skills to understand
how others react to change and how to
effectively lead them through that time.
Participants should be leading change initiatives
or projects in their organization or working to
change an organization's culture. Bring an
example of an organizational change in which
you have been involved as your case study; this
example could be an initiative that you have led,
participated in or observed. You learn to apply
the principles of change management to your
specific case. Upon successful completion of this
intensive workshop, you receive a certificate of
participation.
LEARNER OUTCOMES
Engage best practices in leading change.
Make a persuasive case for change and engage
your team and stakeholders.
Overcome resistance to change with effective
communication tools.
Use tools to measure and monitor success.
Legal support of the company
4
2
Pass/fail
compuls
ory
2
Pass/fail
compuls
Features of legal regulation in the companies
The relationship of labor and commercial law in the
companies.
Legal aspects of the restructuring of large stateowned enterprises, corporatization of companies.
Specifics of state registration of real estate
Features of the application of the land use legislation
in the activities of communication enterprises.
Development
and
implementation
of 5
innovative projects
This course is designed to familiarize students
with the principles and practices in the
development, design, marketing and introduction
of new products and services. Specific
objectives are:
To understand the new product process.
To learn how to integrate the customer and endconsumer into this process.
To learn and apply the concepts and tools
necessary through case examples and
assignments.
To actually use the new product development
process by conceiving your own new product or
service and an introductory launch plan.
To participate in group work sessions and teams
to become acquainted with the importance of
teamwork and collaboration that is critical to
new product success.
ory
3
exam
compuls
ory
1
Pass/fail
compuls
ory
COURSE DESCRIPTION:
This course will introduce the new product
development process and cover the three main
areas of focus:
I.
Discovery - opportunity identification
II.
Design - concept and product design,
development and evaluation
III.
Delivery - innovative approaches to
product launch and introduction.
It will include readings from a required text,
relevant articles, illustrative actual examples,
guest speakers from industry, and 6 case studies.
The course approach uses a combination of
lectures, cases, group/team project, and class
discussion. Classes will be interactive and
collaborative.
Human capital management in hi-tech 4
economy.
Objectives of the discipline: The concept of human
capital becomes more and more topical nowadays.
There is a number of scientific approaches and
definitions of the “human capital” concept, that are
considered in the course. The increase of intangible
assets importance also leads to a rise of human
capital role as a production factor, providing the
competitiveness in modern economy.
Human capital management of high-tech 4
manufacturing
2
Pass/fail
compuls
ory
4
Business Development Management
Learning outcomes
- A basic definition of the discipline;
- Basic approaches and methods
business organizations development;
- Methods of enterprise diagnosis
- The structure of the business plan for the
company.
3
exam
compuls
ory
Inventory management optimization methods 2
Inventory is a key asset that absorbs a large
amount of company cash. Proper planning and
systems are needed to ensure that just enough
inventory is used to meet a company’s
goals. Inventory Management provides the
tools needed to employ enough inventory to
assure high levels of customer service, while
avoiding excessive inventory levels that can
create losses. Topics covered include inventory
policies, materials planning, purchasing and the
supply chain, receiving, storage, shipping,
production
activities,
record
accuracy,
warehousing efficiencies, measurements, and
much more.
3
Complex systems Management
Objectives of the discipline: Complex Systems
Management is to teach students to understand
and to explain the theoretical foundations of
complex systems management used by
organizations that have an artificial origin,
where people, resources and technology are
combined in suitable integer.
Discipline gives an insight into modern
management concepts open systems, assimilated
to living organisms, developing and evolving
into more complex and viable system. The basis
of this evolution are the management processes
2
Pass/fail
compuls
ory
3
exam
elective
The concept of human capital becomes more and
more topical nowadays. There is a number of
scientific approaches and definitions of the “human
capital” concept, that are considered in the course.
The increase of intangible assets importance also
leads to a rise of human capital role as a production
factor, providing the competitiveness in modern
economy.
implemented by decision makers.
Course Content:
The student should know:
- laws, policies and regulations necessary for the
development of modern management thinking
with complex systems;
- building management systems characteristics;
- main environmental factors that provide
unsupervised which replace impact on the
organization;
- laws and principles of self-organization, where
governance is essential to an intrinsic property of
the production system.
The student should be able to:
- possess the principles of management in
industrial plants and in the bodies of state and
municipal government;
- reform the organization in the direction of
adaptive management to respond quickly to the
random fluctuations of the environment;
- carry out a comparative analysis of the types of
control structures on a number of grounds;
-solve the problems of the case study in the field
of flexible enterprise planning;
-assess the effectiveness of the control structures
The student must possess:
- elements complex systems management theory,
have knowledge for simulation and operation;
- theoretical knowledge in the field of the
economy during the development of courses and
other economic subjects aimed at their
professional future;
- Russian and foreign theory orientation and
practice of business management as a complex
system.
3
Technical Systems Management
Discipline involves two interrelated sections:
fundamentals
engineering,
of
the
theory
components
and
and
control
devices
of
automatic systems.
The main objective of the first section is to
familiarize
students
with
the
fundamental
problems of automatic control of continuous and
discrete systems theory.
The task of the second section includes
familiarization with the functional elements of
the technical systems, the principles of their
operation and characteristics.
3
exam
elective
The purpose of the discipline is the theory
studying, design and principles of operation of
automatic systems elements, methods for
constructing mathematical and symbolic models
of automatic control, their synthesis and analysis.
Course Content:
Students should:
Know: the device elements, scope and rules
for their use. Terms of constructing
mathematical models and synthesis of automatic
control schemes. Basic rules of technical systems
operations.
Be able to: select the elements of automation
with regard to their use. Assemble a simple piece
of automatic control schemes and read them.
Explore: the use of microprocessor
technology for automated facilities in various
branches of industrial production.
3
Modern Production Logistics
This subject is a survey of the fundamental
analytic tools, approaches, and techniques which
are useful in the design and operation of logistics
systems and integrated supply chains. The
material is taught from a managerial perspective,
with an emphasis on where and how specific
tools can be used to improve the overall
performance and reduce the total cost of a supply
chain. We place a strong emphasis on the
development and use of fundamental models to
illustrate the underlying concepts involved in
both intra and inter-company logistics
operations.
The three main topic areas we will focus on are:
Demand forecasting, planning, and management,
Inventory planning, management, and control,
and
Transportation planning, management, and
operations.
Additionally, we will discuss:
Vehicle routing, scheduling, and fleet
dispatching,
Supply chain network design,
Procurement, sourcing, and auctions,
Management and minimization of supply chain
uncertainty, and
Supply contracts and collaboration.
While our main objective is to develop and use
models to help us analyze these situations, we
will make heavy use of examples from industry
to provide illustrations of the concepts in
practice. This is neither a purely theoretical nor a
case study course, but rather an analytical course
3
Pass/fail
elective
that addresses real problems found in practice.
Course Objectives
The four primary objectives of this course are:
Introduce the analytic model based approach for
solving logistics and supply chain problems,
Reinforce the importance of using total supply
chain costs in all analysis,
Provide students with techniques for measuring
and managing supply chain uncertainty, and
Introduce the idea of using segmentation and a
portfolio of solutions, rather than a single
approach, for real-world logistics problems.
3
Modern Production Risks Management
Objectives of the discipline:
The purpose of the discipline is to learn the
approaches and methods of modern production
risk management. The study of this discipline
will enable students to acquire and develop
knowledge in the field of tools for analysis and
risk assessment of modern production, and an
opportunity to learn skills to use scientific
methods of study of risky decisions in the
business environment.
Course Content:
A student should know: -theoretical and practical bases for the system
construction of risk management in the
enterprise;
- approaches to risk identification of modern
production;
- instructional techniques of analysis and
evaluation of modern production risks;
- ways to reduce the risks of modern production;
- modern aspects of risk management in the
business environment.
A student should be able to:
- analyze the risk situation;
- detect and identify the risks of modern
production;
- assess the possibility of adopting risky
decisions in business conditions;
- apply risk assessment techniques of modern
production.
A student should possess practical skills of:
- diagnosis of the risk situation in the enterprise;
- using probability theory and game theory in
risk assessment of modern production;
- Mapping the risks of the enterprise;
- using sensitivity analysis of the business
project for risk factors.
Еnvironmental Management
3
3
Pass/fail
elective
4
Pass/fail
elective
Environmental management is the integration of
environmental science and management. Discuss
aspects and impacts, such as the pressures and
responses of human activities on the natural
environment. Tools and techniques for
environmental management, as they apply to
organizations and companies, are introduced.
Examine the reasons and strategies for resource
conservation,
pollution
prevention
and
environmental protection.
Course Details
Upon successful completion of this course, you
will:
Appreciate the dynamics and processes that
impact ecological systems.
Appreciate the scale and extent of human
impacts on the natural environment.
Explore environmental and social issues related
to economic development.
Develop a greater understanding of the scientific
and social components of environmental issues.
Understand the basic components of a
sustainable development framework, study
concepts of sustainable development theory and
practice.
Develop an understanding of Environmental
Management principles, Environmental
Management Systems (EMS) and EM tools.
Territorial Organization of the Productive 3
Forces
Course Objectives: the formation of a competent
approach to basic theoretical and practical
features and patterns of placement and the
territorial organization of the productive forces
of the Russian Federation.
Learning Objectives - mastering the skills of
spatial thinking and analysis, scientific
substantiation of the interaction of natural,
economic and social processes in the territories
of different range.
Quality Management and International 3
Standards
Objectives of the discipline:
The purpose of the discipline: to familiarize
students with concepts in the field of economics
of product quality (processes, resources) and
professional competencies needed to work at the
industrial enterprises and organizations of
4
Pass/fail
elective
3
Pass/fail
elective
various sectors of the economy.
The main objectives of the course:
- Learn basic theoretical approaches and models
of analysis, formation, management and
evaluation of the quality of products (processes,
resources);
- To form practical skills in assessing the
effectiveness of the establishment and operation
of quality management systems in the enterprise;
- To teach the skills to adapt the theoretical
knowledge on the quality of the economy to the
conditions of a particular enterprise.
3
Creative management
Objectives of the discipline: The purpose of the
discipline is to strengthen the ability to make
non-trivial solutions (individual and collective),
to study problem-solving technologies (primarily
semi-structured, large-scale, management). Not
so much the content of knowledge as human
thought processes themselves, their optimal
organization by means of cause-and-effect and
time sequences, as well as the quality of the
results are in the center of attention.
Discipline "Creative Management" provides the
following:
to study methods and forms of
identification and better application of a person’s
(involved into the intellectual products creation)
potential;
to transfer the knowledge on the issues
related to the improvement of individual and
personnel creative potential management;
analysis of creative potential assessment
and development (increase) practices.
Course Content: The outcome of the following
Master's program is the following.
Students are supposed to know:
•
The evolution of thinking technology
•
Basic characteristics of
mental
preparedness and fitness working level
•
Models of linear and non-linear thinking.
•
The
essence
of
heuristics
and
creativistics.
•
Theories of Creativity: technical,
scientific, artistic, etc.
•
The structure of a creative process.
•
Methods
of
creative
process
intensification
•
Principles and methods of expert groups
formation aimed at evaluating these or other predesigned proposals; issues related to the
3
Pass/fail
elective
individual and personnel creativity potential
management;
•
Methods of creative team (composed of
individuals able to participate effectively in a
group creative process) temporary formation.
To be able to:
•
Produce new ideas, find creative
solutions for problem tasks sollutions.
•
Perform analysis of existing creativity
techniques.
•
Organize the creative process.
•
Create teams based on a role balance (the
formation of effective teams according to R.
Belbin).
•
Use universal methods of conflict
resolution.
To have skills in:
• Problem-solving; logical reasoning; linking
ideas; free association.
• Creative process intensification; the use of
alternate solutions active generating methods,
their sorting and comparison.
• Summary of non-standard methods that have
proven their effectiveness in a narrow range;
extending these methods to a wider class of
tasks.
• Applications of universal conflict resolution
methods.
• Identification of laws for the development of
real systems of a certain class, andthe prediction
of the further course of the systems evolution on
this basis, validation of methods of resolving the
contradictions that arise and building a more
effective "ideal" systems.
• Enhanced sorting options: method of focal
objects, morphological analysis, brainstorming,
method of control issues synectics.
• Analysis of creative potential assessment
practice and development (increase).
• Building a creative atmosphere in the team.
• Organization of the creative process.
• Developing scenarios of communicative
interactions in the process of solution
implementation
Industry markets: research and assessment 3
Course Content:
The course is one of the main ‘special’ economics
courses which applies microeconomic and
econometric techniques to the study of firms as
organizations, market structures, strategic interaction,
market efficiency and industrial policy. An
undergraduate IO course at ICEF is based on
students’
knowledge
of
Intermediate
4
Pass/fail
elective
Microeconomics and the first course of
Econometrics. Inasmuch as many topics in modern
IO require extensive use of game-theoretic tools, a
few introductory classes will be used to review the
relevant techniques and applications. Further reviews
of specific topics will be included in the course
curriculum whenever necessary
Course objectives • Give a simple yet thorough
introduction into the main methods of economic
analysis of industry structure and firm behaviour
under various conditions of technology, competition,
and organization; • Elaborate students’ skills and
abilities to use modern theoretical and empirical tools
to formulate and solve economic problems; • Explore
in details how economists approach and answer
specific empirical questions, such as whether a
particular industry is vertically integrated, 2 whether
there are is evidence of price collusion, or whether
the industry has features of natural monopoly; •
Provide the students with a sound intuition into the
specific features of particular markets, including
those of contemporary Russia.
Management of Organization’s Real Estate
Topics in this course include: The Real Estate
Asset Manager; Economic Impact on Real Estate
Fundamentals and Lease Negotiations;
Negotiating Strategies; Parties involved in the
Lease Negotiation; Choosing a Brokerage Team;
Deal Transaction Flow; Principal Lease Terms
and Provisions; New Lease Case Study; and
Value Creation at the Property Level.
Research Work
3
4
Pass/fail
elective
33
1-4
Thesis
compuls
ory