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The University for world-class
professionals
BusinessEnvironment &OperationsWeek 1W/C 30/9/2013
Fiona [email protected]
The University for world-class
professionals
Elective….
The University for world-class
professionals
Facts & Figures
• ‘Despite the ongoing economic turbulence in the British economy, CIMA’s members and students are in demand’ (Tilley,2012- CEO CIMA)
In 2012, qualified CIMA members in the UK are earning on average £53,309 in basic salary plus £5,125 in bonus payments, totalling £58,434 per annum. Part qualified students in the UK are earning on average £31,432 in basic salary plus £1,512 in bonus payments, totalling £32,944. ……This compares with a current average national UK salary figure of £28,236.1
The University for world-class
professionals
Business Environment & Operations
• Uses ‘The Accountant in Management’ as a platform
• Application of theory learnt• Gains CIMA E2 Exemption• Assessment 40% Project• Exam 60% 3 hour written paper
The University for world-class
professionals
Lesson structures
• 2 hour lecture/seminar & discussion• 1 hour tutorial / group meetings• Lecture – building on prior learning• Tutorials – working on assessment sept-dec• Tutorials – exam practice questions Jan – apr• Assessment group project hand in w/c 16th
Dec
The University for world-class
professionals
BEO Content
• Project Management – Discuss tools and techniques of project management and evaluate the relationship of the project manager to the external environment
• Links with ‘live’ project assessment• Salford city council ‘wuu2’
The University for world-class
professionals
BEO Content
• environments and key external characteristics of these environments….Pest, 5 forces
• Critically discusses developments in strategic management…leadership
The University for world-class
professionals
BEO Content
• Discusses concepts associated with the effective operation of an organisation and the activities associated with management people and their associated techniques
• Management controls…groups, teams
The University for world-class
professionals
Term 1
• Project Management• Building on prior project management
knowledge• Applying skills to ‘real’ project –’wuu2’• Working on group assignment• Tutorials form group meetings • Assessment deadline – presentations w/c 16th
Dec
The University for world-class
professionals
Term 2• Strategic Management & assessing the Competitive environment • Including strategic options, theories, tools Porter, Mintzberg, PEST,
stakeholders• International strategies, emerging strategies and the global
business environment• Ethical strategies
• Management, Leadership & Relationships in the working environment
• Including Management styles, culture, organisation structures. Management controls
• Communication & negotiation skills
The University for world-class
professionals
True or False?....
• Fedex keeps empty planes in the sky?
• The prefix ‘giga’ means a million?
• In Japan you are allowed to fall asleep on the job….it shows you are working hard?
The University for world-class
professionals
True or False?....
• Neil Armstrong, the first man on the moon, started his career as an auditor?
• John Grisham, famous author, has a degree in accounting?
• Bubble gum was invented by an accountant in 1928
• JK Rowling is a fully qualified CIMA Accountant?
The University for world-class
professionals
Underpinning Definitions
• Business refers to any type of economic activity in which goods or services are supplied in exchange for some payment, usually money
• International business refers to business activities that straddle two or more countries
• Businesses are created by people• Not for profit organisations exist for the purpose of
promoting good causes, rather than making profit• Market a location where exchange transactions take place
either with formal standing or informality• Emerging economies fast growing developing countries
The University for world-class
professionals
Activity
• ‘The rise of the social web sees Facebook soar in popularity’ (Morrison,2011)
• The founding father of the internet, Tim Berners-Lee, has said, ‘the web does not just connect machines, it connects people’ (Berners-Lee,2008)
The University for world-class
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Facebook users worldwide
The University for world-class
professionals
Activity
• Why has facebook grown so rapidly and become an international force so quickly?
• What are the risks to the continued success of Facebook?
• What are the impacts of social networking for business?
The University for world-class
professionals
Assessment brief
The University for world-class
professionals
To Do…
• Books from library
• Read material on moodle
• Prepare for Fridays tutorial
