Postgraduate Courses
HHMS
HKUST-SKOLKOVO Executive MBA Program for Eurasia
- HHMS 5001Financial Accounting[2-0-0:2]DescriptionThis course focuses on the construction and interpretation of corporate financial reports, which are used by external parties (including investors, creditors, and regulators). Actual financial statements from real companies are discussed so that students become accustomed to the many variations that these reports take. Students gain a solid understanding of financial statements and the ability to use them for decision-making. Real-company examples for both Russian and Chinese companies are used as illustrations.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Construct and interpret a balance sheet, an income statement, and a statement of cash flows.
- 2.Explain the process of accounting and the links among the three primary financial statements.
- 3.Use standard financial statement analysis tools and interpret the outputs from those analysis tools.
- 4.Apply the financial accounting rules that exist in the following areas: revenue recognition, inventory, long-term assets, leases, investment securities, consolidation, fair value accounting.
- 5.Analyze accounting issues and solve accounting problems in a time-constrained group setting.
- 6.Intelligently explain the ethical dimensions of a variety of accounting-related business problems.
- 7.Identify the ongoing internationalization of financial accounting.
- 8.Interpret financial statements.
- HHMS 5002Corporate Finance[2-0-0:2]DescriptionThe aim of the course is to provide students with the framework, concepts, and tools for analyzing financial and strategic decisions made by firms and managers. The course will enhance the students' ability to analyze complex financial problems faced by executives and analysts, and help them quantify the financial consequences of strategic decisions.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Apply the concept of time value of money to measure the net present value in capital budgeting decisions.
- 2.Use the method of discounted cash flow to value bonds and stocks.
- 3.Apply the trade-off theory to optimize a firm's capital structure.
- 4.Estimate the value of projects and firms using basic valuation techniques.
- 5.Apply valuation techniques to quantify the impact of strategic decisions on value creation.
- HHMS 5005Operations Management[2-0-0:2]DescriptionIntroduction to management of business processes that produce goods or services: topics include operations strategy, process analysis, queuing systems, inventory management, quality management, process improvement and other important issues.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Lead responsibly with enhanced leadership and teamwork skills.
- 2.Apply tools, frameworks and general principles to analyze complex problems in operations.
- 3.Innovate using best practices in operations to meet new and existing organizations' objectives.
- 4.Utilize information technologies to transform organizations for growth.
- 5.Formulate operations strategy to support business strategies of organizations.
- HHMS 5006Managerial Microeconomics[2-0-0:2]DescriptionWarren Buffet once said: "When an industry with a reputation for difficult economics meets a manager with a reputation for excellence, it is usually the industry that keeps its reputation intact." Many managers fail to appreciate the numerous ways in which competition can destroy profitability. This course focuses on understanding individual economic behavior, competition, and market characteristics that are relevant to business and management.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Analyze key trade-offs in pricing and compare different pricing strategies according to industry and market conditions.
- 2.Apply demand and supply analysis in predicting market price and related dynamics in competitive markets.
- 3.Predict competitors' actions and reactions using game theoretic methods, and analyze direct effect and strategic effect of a firm's decisions.
- 4.Explain the impacts of asymmetric information on market efficiency and firm decisions.
- 5.Identify the linkage between decisions on organization structure/scope and market competition.
- HHMS 5008Understanding Consumers[2-0-0:2]DescriptionThis course focuses on the customer as an individual, with a particular emphasis on how consumers react to marketing information provided about a product. The topics discussed comprise an examination of basic psychological processes in a logical sequence: i.e., exposure, attention, perception, memory, persuasion, and decision-making. In addition, the course also furthers an understanding of consumer behavior by examining its social and cultural context, with special reference to the nature and importance of cultural differences in consumer behavior around the world.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Identify how consumers react to marketing information provided about a product.
- 2.Examine the basic psychological processes in a logical sequence: i.e., exposure, attention, perception, memory, persuasion, and decision-making.
- 3.Explain the psychological behaviors of consumers and the elements to motivate them to learn more or buy the products.
- 4.Analyze consumer behaviors by examining the social and cultural context.
- 5.Analyze and evaluate the marketing strategies of companies by the principles of consumer behavior.
- 6.Explain the micro and macro perspectives on the factors influencing a customer.
- HHMS 5009Strategic Management[2-0-0:2]DescriptionStrategic Management is about organizations creating their future. The strategic decisions will determine whether a company thrives or declines and fades. Organizations that have a well-thought through strategy enjoy sustained success, make a contribution to the world and are fun to work for. The course examines the core strategic concepts and how to apply them in strategic decision-making.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Describe an organization’s strategy.
- 2.Conduct a strategic analysis using the following tools, concepts and frameworks: Porter's 5 forces, Key Success Factors, BCG matrix, GE matrix, prisoners dilemma, value proposition, competitive advantage, core capabilities, strategic issues.
- 3.Create a strategic plan for a company.
- HHMS 5501Corporate Governance[1-0-0:1]Prerequisite(s)HHMS 5002DescriptionCorporate governance examines how corporations induce their managers to maximize shareholder value through incentives and monitoring institutions. Incentive plans, such as compensation packages, serve to align managerial and shareholder interests, Monitoring institutions, such as the board of directors and auditors, serve to oversee management and increase transparency, accountability, and credibility. In addition to these internal governance mechanisms, corporations are also disciplined by external factors such as product-market competition, laws and regulation, and the market for corporate control. This course analyzes how good corporate governance can mitigate incentive and information problems, nurture great leaders, and foster great companies.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Describe the governance issues facing companies and the tools of corporate governance (CG).
- 2.Illustrate CG problems and solutions by drawing on a large set of illustrative cases and examples.
- 3.Propose a structured CG audit of a company or a situation based on sound economic principles.
- 4.Interpret the results of such an audit and make well-reasoned recommendations for improvement.
- 5.Professionally communicate audit results, interpretation, recommendations, in writing and orally.
- 6.Subject proposed actions to the three lenses (economic, legal, ethical) of corporate responsibility.
- HHMS 5504Effective Negotiation[2-0-0:2]DescriptionIn this class students will learn how to negotiate by actually negotiating in a wide variety of different situations, ranging from simple buyer-seller bargains to complex, multiple-issue strategic relationships. Generally, every class will involve several experiential negotiations and class discussion. They will review a wide variety of experiences in the specific negotiation, develop hypotheses regarding the effectiveness of certain behaviors, tactics and strategies, and suggest appropriate analyses that might play a useful role in preparing oneself for future negotiations.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Explain core negotiation concepts and the situations where they might be effective.
- 2.Develop greater confidence when negotiating.
- 3.Identify and predict the behavior and motives of individuals and groups in various negotiating situations.
- 4.Critically analyze negotiation situations to identify where core negotiating concepts can be applied or will need to be modified.
- 5.Design and implement strategies for negotiating effectively across a wide range of negotiating situations, even in completely novel contexts.
- HHMS 6001Independent Study[1-2 credit(s)]DescriptionStudy of selected business issues under the supervision of a faculty member. The course can only be taken once to satisfy the program requirements of HKUST-SKOLKOVO Executive MBA Program for Eurasia. (Special permission from the Academic Director is required for students to take this course.)Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Conduct an independent study on a selected topic of a business issue or practice.
- 2.Apply frameworks and concepts learned from the program to address the business challenges.
- 3.Apply an interdisciplinary approach in reviewing the latest developments, technologies or management strategies of the chosen topic.
- 4.Analyze and communicate key findings precisely and concisely through a written report.
