Structure and Schedule
The currriculum is divided into four consecutive sections, and each of these sections consists of two modules, which again constist of two courses. Two elective courses and the Master-Thesis are additional parts of the curriculum.
Section 1: Basics of Business and Economics
In the first module of this section, students are first provided with a survey of the organizational structure of companies and the processes which take place within this structure. Further on, they are given a general overview of economics in order to gain a basic understanding of a field which has significant influence on business actions. The second module focuses on both the successful controlling of companies as well as the rules and instruments of external and management accounting, which aim to support the controlling process and external groups’ information regarding economic results.
Section 2: Processes and Financial Management
The second section provides a deep understanding of the processes creating value in firms. At first participants are introduced to the concept of the “Value Chain.” This perspective is completed by explaining the dynamics of markets and customers. Students learn about customer orientation, competitive advantages, marketing, and service strategies. In the module “Finance,” participants learn how to evaluate capital investments and how to assess financial investments. Moreover, they will be provided with a holistic understanding of the propositions, instruments, and effects of financial management.
Section 3: Value and Environment
In this section, the interfaces of the enterprise with customers, suppliers, and cooperation partners are covered first. To optimize these interfaces as well as for other strategic and operative decisions, knowledge of the primary objective of companies is necessary: the increase of the firm’s value. Participants will be enabled to identify the interaction between firms and their stakeholders on a social, political, or ecological level, and learn why and how firms should act ethically with respect to their corporate environments. In addition, students work out the economic framework for corporate strategies using concepts of modern Industrial Economics.
Section 4: Strategies and Integration Management
In Module 7 participants are enabled to discuss and formulate competitive strategies. Based on a systematic analysis of markets and resources, participants understand the driving forces of competition from a strategic point of view. They learn how to evaluate strategic options and how to put strategies into action. Module 8 takes an integrative look at functions and processes within the firm. Thus, students learn how all corporate activities and decisions are reflected in financial reporting based on International Reporting Standards. Further, participants are shown the importance of human resources management and organizational behaviour for corporate success.
Elective Courses
In the later stages of the study participants will be required to choose two electives courses. Each elective course consists of 16 hours in the classroom and is worth one credit-point. Electives are offered in various fields of business and economics, e.g.:
Examinations and Master-Thesis
An examination must be successfully passed in each module to receive the respective credit-points. Exams are taken in various forms, e.g. classroom-assignments, homework papers, or oral examinations. In the final stage of your study you will prepare a thesis in which you will apply your acquired knowledge to a problem in the field of your profession.
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