Module ‘Corporate Finance and Accounting’ Corporate Governance The field of corporate governance entails the corporate and the societal force field, but also the ethical component which is becoming more and more important. The recent scandals at for example Ahold, Parmalat, Enron and WorldCom, and in particular the doubts about the independence of accountants, analysts and supervisors, but also the discussion on management compensation, have largely contributed to this. In that view, this course also pays attention to the recent legislation in the United States, mainly the Sarbanes-Oxley Act, and the developments in the Netherlands (Code Tabaksblat and legislation). Management Accounting Accounting is the process of identifying, measuring and communicating the economic information about an entity so that users of this information can make informed decisions. Traditionally, there are two accounting subjects that are discussed in literature: Financial Accounting, aimed at providing information for external decision-making and accountability, and Management Accounting, aimed at providing information for internal decision-making and accountability. The subjects for discussion in this course also include international standards such as marginal analyses and cost price calculations. Financial Management The objective of this course is to provide a thorough understanding of the financial decisions that have to be made in a corporation. These financial decisions centre around the investment and financing activities of the company. The specific learning goals include (1) to understand how investment decisions are made, (2) how financing decisions are made, (3) how investment decisions affect financing decisions and vice versa, and (4) what role markets play in particular regarding their influence on the firm’s cost of finance. Module ‘Strategic Change Management’ Innovation and Strategic Change The course Innovation and Strategic Change deals with the organisational forces of exploration vs. exploitation and internal vs. external focus. The growing importance of managing innovation and change as a process and the strategic context in which this innovation and change processes take place is another important subject in this course. At the same time best practices of successful innovations and changes will be discussed. Personal Development and Leadership A crucial skill in the current business context is the ability to effectively deal with other people. This is also reflected in the popularity of terms as transformational leadership, conflict management, coaching and team building. This training deals with themes in the area of personal development and leadership that will assist participants in acquiring this important skill. Organizational Change In response to the increasing competition, technological advancement, and the need to improve results, companies are confronted with many changes in structures and procedures of the work. The most important learning goals of this course are to experience the difficulties of intervention design and application, gaining insights in the paradoxal demands of change in organizations, and composing ideas on how to deal with this. International Module India or South Africa The international module is designed to present the international business environment in a practical way. Participants learn about the specific characteristics that differentiate the business environment in that particular region and gain insights in doing business and living in a foreign environment. The module consists of an interesting mix of company visits, interactive lectures at a local university, network opportunities with the local business community, and socio-cultural projects. The international module is an obligatory part of the International Modular Executive MBA curriculum. Participants have the option to select for an international module in India or an international module in South Africa. Doing Business in India In recent years India has gone through rapid economic growth and is the most important growth market in the world after China. With approximately 1,1 billion residents of which most speak English, India exhibits an average growth percentage of 5% per year. As such India belongs to the fastest growing economies in the world. The Indian IT industry is nowadays one of the largest in the world. Yet there is also visible poverty in India and the contrast between rich and poor is enormous. A fancy office building or luxury villa next to a slump area is unfortunately not a rare sight. Due to the visible poverty, many visitors who visit India for the first time, receive a true culture shock. Companies that engage in doing business in India often lack a complete picture of the scale of the Indian industry. The purpose of this module is to gain insight in all these different aspects that define India’s uniqueness.