NOTTINGHAM UNIVERSITY BUSINESS SCHOOL PROGRAMME SPECIFICATION FOR MA IN CORPORATE STRATEGY AND GOVERNANCE February 2005 Programme Specification 1. Awarding institution/body University of Nottingham 2. Teaching institution University of Nottingham 3. Programme accredited by Not applicable 4. Final award MA in Corporate Strategy and Governance 5. Type of Programme Single Subject 6. Course code N109 7. Relevant QAA subject benchmarking group(s) General Business and Management 8a. Date of last School review February 2005 8b. Date of last Programme Committee review TBC MA in Corporate Strategy and Governance Programme Specification: Page 2 9. Educational aims of the programme The MA in Corporate Strategy and Governance degree aims to provide an advanced teaching and learning programme in management that facilitates progressive learning towards the frontiers of knowledge in Corporate Strategy and Governance whilst also encompassing advanced level study in management studies. The MA is a specialist Masters programme (type 1 programme, career entry), that builds upon prior knowledge and skills gained from a relevant first degree (or equivalent) and prior experience (where appropriate). In line with the draft QAA Benchmarks for Masters Awards in Business Management, the MA in Corporate Strategy and Governance degree is subsequently intended to enable students: To engage in a study of organisations, their management, and the changing international external environment in which they operate. To prepare for and to develop a career in business and management. To enhance lifelong learning skills and personal development to contribute to society at large. In addition, the MA in Corporate Strategy and Governance degree aims: To examine and assess different aspects of the Corporate Strategy and Governance environment To provide insights into the operation of Corporate Strategy and Governance To offer cross-disciplinary insights into Corporate Strategy and Governance To provide students with an opportunity to examine at first hand Corporate Strategy and Governance To produce graduates capable of a critical evaluation of the core business disciplines. To provide a structured programme that allows students to focus upon advanced developments in Corporate Strategy and Governance to meet their specific interests and career aspirations. 10. Programme learning outcomes The MA in Corporate Strategy and Governance programme: Provides an understanding of the Corporate Strategy and Governance scene Develops understanding of the impact of Corporate Strategy and Governance on the global economy Provides conceptual and theoretical insights into Corporate Strategy and Governance Provides understanding of how business operates in different countries Develops knowledge of the strategy, structure and direction of Corporate Strategy and Governance Offers potential for first hand observation of Corporate Strategy and Governance Provides a theoretical and practical grounding in the key disciplines of modern Corporate Strategy and Governance Develops key cognitive, problem solving, qualitative, quantitative, computing, interpersonal, group working and research skills. Prepares students for positions in business and management and equips them with the MA in Corporate Strategy and Governance Programme Specification: Page 3 capacity for life-long learning in the global business environment. In line with the draft QAA Benchmarks for Masters Awards in Business and Management, the MA in Corporate Strategy and Governance degree subsequently develops knowledge, understanding and skill sets as follows. a. Knowledge and understanding Graduates of the Programme will have gained a relevant knowledge and understanding of organisations, the external environment in which they operate, and how they are managed. Within the framework of these three main areas, graduates will demonstrate knowledge and understanding of: Theories, models, frameworks, tasks and roles of management. The development and operation of markets for resources, goods and services. Customer expectations, service and orientation. The sources, uses and management of finance. The use of accounting and other information systems for managerial applications. The management and development of people within organizations. The management of resources and operations. The development of appropriate business policies and strategies to meet stakeholder needs within a changing environment. A range of contemporary and pervasive business and management issues including business innovation, creativity and enterprise, knowledge management, sustainability, globalisation, business ethics, governance, values and norms. Teaching, learning and assessment methods used to enable learning outcomes to be achieved and demonstrated: Core knowledge and understanding are gained via lectures, tutorials, computer labs, examples classes, presentation sessions, group teamwork and a significant proportion of independent study involving the use of a wide range of hardcopy and online materials. b. Skills and other attributes Intellectual skills Graduates of the programme will have developed: The cognitive skills of critical thinking, analysis and synthesis, including the ability to identify assumptions, evaluate statements in terms of evidence, to detect false logic or reasoning, to identify implicit values, and to define terms adequately and to generalise appropriately. Effective problem solving and decision-making skills using appropriate qualitative and quantitative methods that enable them to identify, formulate and solve business problems. MA in Corporate Strategy and Governance Programme Specification: Page 4 The ability to create, evaluate and access a range of options, together with the capacity to apply ideas and knowledge to a range of business and other situations. Understanding of the link between theoretical and empirical work on Corporate Strategy and Governance The ability to research both country and case-study material The ability to write extensive and incisive reports on Corporate Strategy and Governance Teaching, learning and assessment methods used to enable learning outcomes to be achieved and demonstrated: Intellectual skills are developed across the entire spectrum of student-centred learning activity within the Business School. These are assessed via the preparation and delivery of essays, group and individual projects, examination scripts, and group and individual presentations. Professional practical skills Graduates of the programme will have developed: Numeracy, quantitative and qualitative skills including data analysis, interpretation and extrapolation and the ability to work with case studies. The ability to apply business models to business problems and phenomena. The effective use of communication and information technology (CIT) skills for business applications. Self-awareness, openness and sensitivity to diversity in terms of people, cultures, business and management issues. Effective performance within a team environment, including leadership, team building, influencing and project management skills. The ability to conduct research into business and management issues, either individually or as part of a team, including a familiarity with a range of business data and research resources and appropriate methodologies. The ability to produce research reports on Corporate Strategy and Governance Teaching, learning and assessment methods used to enable learning outcomes to be achieved and demonstrated: High level professional practical skills are developed across the entire spectrum of student-centred learning activity within the programme. The dissertation allows high level, in-depth analysis and problem solving relevant to a Corporate Strategy and Governance issue. Transferable (key) skills In addition to the transferable skills implicit in many of the intellectual and professional skills as above, graduates of the programme will have more generally developed: MA in Corporate Strategy and Governance Programme Specification: Page 5 Effective oral and written communication skills in a range of traditional and electronic media. Effective self-management in terms of time, planning and behaviour, motivation, selfstarting, individual initiative and enterprise. Learning to learn and developing an appetite for reflective, adaptive and collaborative learning. The interpersonal skills for effective listening, negotiating, persuasion and presentation. The ability to research key issues The ability to combine theoretical and empirical analysis Teaching, learning and assessment methods used to enable learning outcomes to be achieved and demonstrated: Transferable (key) skills are developed rapidly via intensive class discussion and interaction with peers participating in the programme, and formal groupwork class activities. 11. Programme structures, levels, modules, credits Outline Description of the course The MA in Corporate Strategy and Governance programme is a full-time degree studied over a period of calendar year commencing late September. In each case participants take taught modules and prepare a dissertation. Classes are in the form of two hour teaching/learning sessions during normal semesters The structure of the MA in Corporate Strategy and Governance programme is modular, with individual modules each having weighting of 10 credits, except for the Research Methods module N1D042 which has a weighting of 30 credits. One credit represents 10 hours of student work, meaning that a 10 credit module represents 100 hours of study including formal teaching, independent study, revision, and the preparation of assessments. The MA Corporate Strategy and Governance degree requires the successful completion of 180, 120 of which are taught modules, and 60 credits a Corporate Strategy and Governance dissertation. All students undertake core modules relating to Corporate Strategy and Governance. The remaining modules offer a choice of electives that allow the student to focus upon advanced management modules that are most closely associated with his/her career aspirations. Distinguishing Features The degree provides a full-time course for men and women seeking positions in Corporate Strategy and Governance. The MA aims to develop knowledge and skills in fundamental management disciplines, while also including specialist modules in various areas of Corporate Strategy and Governance. Course members can also use the dissertation to concentrate indepth on a Corporate Strategy and Governance topic according to individual interests and MA in Corporate Strategy and Governance Programme Specification: Page 6 career requirements. As Corporate Strategy and Governance is a highly attractive and intellectually robust field, this Masters programme adds substantially to the Business School’s existing range of successful postgraduate programmes. Course Structure The detailed structure of the MA in Corporate Strategy and Governance programme is as follows: TAUGHT MODULES 120 CREDITS Semester One: Core Modules Module code N1D001 N1D002 N1D003 N1D042 Module name Capital Market Analysis Organisational Theory Managerial Economics Research Methods Credits 10 10 10 30 Core Modules Module code N1D006 N1D007 Module name Corporate Strategy Corporate Governance Credits 10 10 Electives (four from): N1D009 N1D011 N1D014 N1D023 N1D024 N1D027 N1D041 N1D059 N1D062 N1D063 N1D066 N1D070 N1DC22 T1D040 T1D041 Risk Management Product Market Strategies Strategic Human Resource Management Theory of Risk and Insurance Legal and Social Issues in Insurance Taxation Corporate Financial Strategy Industrial Economics Economic Crime Social and Environmental Accountability Strategies for Corporate Social Responsibility Management Information Systems Supply Chain Management in Practice East Asian Business and Society Managing International Business in China 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 Semester Two: Other elective modules may be selected from those offered within the MA programmes of the Business School or other schools subject to the approval of the Director of Postgraduate MA in Corporate Strategy and Governance Programme Specification: Page 7 Programmes. Dissertation (60 credits). Students will prepare an individual dissertation (NID013) on an approved subject relevant to MA in Corporate Strategy and Governance. Most modules are assessed by a combination of examination and project work/course work. 12. Support for students and their learning The following are provided to support the teaching and learning of students upon the MA in Corporate Strategy and Governance programme: A nominated academic as the Director MA Corporate Strategy and Governance available for student consultation A nominated academic as the Director of Postgraduate Programmes available for student consultation. An administrative Postgraduate Programmes Manager available for student consultation. A full-time postgraduate careers advisor in the Business School. A Student Support Officer available between 8.30 am – 12.30 pm daily. A Disability Liaison Officer. A Student Handbook supplied in revised format to all students each year, and containing information on points of contact, studying in the Business School, University and Business School student support services, academic practices and procedures, methods of assessment, time management and study skills. A student Intranet containing information and resources (including past examination papers) on every Business School module. Personal tutors for all students. Dedicated electronic journal provision for Business School students supplied in addition to Information Services Directorate provision from the University. An enquiry office open for student consultation between 9:30am and 4:00pm daily. Well-equipped computer labs, video conferencing, and AV provision, with associated technical staff support. High quality lecture and seminar rooms in modern propose built facilities. A Business library. A student resource room The University provides computer resource areas at University Park, the Medical School, Sutton Bonington and Jubilee Campus. Most are available 24 hours a day and contain a large number of IBM PC-compatible workstations. The campus network connects workstations, central services and national networks - providing access to e-mail, file transfer and the WWW. Students in University study-bedrooms can access the network from their rooms. Online learning and teaching resources for many courses are provided through virtual learning environments and accessed via the student portal, a web based one stop shop for student information. MA in Corporate Strategy and Governance Programme Specification: Page 8 The University’s Library resources include over a million books and journals, extensive manuscript collections, and an increasing number of electronic services, ranging from catalogues and indexes to electronic journals. Based on several sites, each with specialist staff, all libraries have lending and enquiry services and are open during term time evenings and weekends. The University’s Academic Support unit within Student Services provides study support (academic writing skills, time management, revision and so on) to home and EU students. In addition to this it also offers specialist support to all students with disabilities including dyslexia and long-term health conditions. The University’s Centre for English Language Education offers English language support for international students. Other support offered to students at the University include: A confidential Counselling Service. A Financial Support Unit within Student Services offering advice and support on financial matters. A Health Centre on the University Park campus. Chaplains and prayer rooms for various faiths. Day nursery and playcentre facilities. Independent or legal advice from the Student Advice Centre. An International Office offering support services to students from overseas. 13. Criteria for admission Candidates must normally be: a) graduates of an approved university or other institution of higher education with at least an upper second class honours degree or holders of an approved professional qualification deemed equivalent to an honours degree. The degree must contain substantial components of management or economics; or b) registered for a similar programme in an approved university or other institution of higher education who may be permitted, on the recommendation of the Humanities Academic Board, to transfer to the programme and obtain dispensations from up to six of the compulsory or elective modules. Other honours graduates or holders of an equivalent qualification may be admitted if they produce evidence which satisfies the Faculty Board of their competence to pursue the programme. Exceptionally, other persons who are not graduates of any approved university and do not hold a qualification deemed to be equivalent to a degree, but who can satisfy the Senate on the recommendation of the Board of the Faculty both as to their general educational qualifications and as to their competence for the course of study proposed, may be admitted. Overseas candidates whose first language is not English and who do not hold a degree or equivalent professional qualification taught in English will be required to produce evidence of their competence in English. The normal requirements are either: (a) an International English Language Testing System (IELTS) of at least overall band 7.0, with a minimum score of at least 6.0 in each element of the test; or (b) a Test of English as a Foreign Language (TOEFL) score of at least 600 with a Test of MA in Corporate Strategy and Governance Programme Specification: Page 9 Written English (TWE) score of at least 5.0, or computerised test equivalent of 250 with a TWE of 5.0, normally together with a Graduate Management Admission Test (GMAT) of at least 600 with an Analytical Writing Assessment (AWA) score of at least 5.0. 14. Methods for evaluating and improving the quality and standards of teaching and learning a. Mechanisms for review and evaluation At the level of the University: The Humanities Postgraduate Programmes Committee is responsible for the approval of new courses and appeals from students against progression, termination or awards. In addition there is an internal system of University Quality Audit. The Audit is undertaken by a panel of auditors (including academic, administrative and student representatives) who review the practices and procedures which support the School’s learning and teaching. This is achieved by a rolling programme of audit visits, by means of a Diagnostic Questionnaire and through engaging in discussion with the School. Audit reports are received by the relevant Academic Boards. At the level of the Faculty: The Humanities Academic Board is responsible for the recommendation and approval of new courses and the withdrawal of a course. The Humanities Academic Board reviews issues related to student progression throughout their course. Some of the responsibilities of these Boards, including the approval of new and revised modules and the appointment of External Examiners, are delegated to Vice-Deans. At the level of the Business School: The Business School is organized into academic divisions, the Heads of which are responsible for subject development in each division’s area. These Division Heads feed into an ongoing programme of course review managed by the Director of Postgraduate Programmes and the Postgraduate Programmes Manager. Recommendations for course and/or module changes resulting from Course Review are passed to the Business School’s Teaching and Learning Committee and Management Group for approval as appropriate. Inputs to the Course Review process include: University SET/SEM (student evaluation of teaching and student evaluation of module) questionnaire data, plus other ad-hoc questionnaire data as appropriate. External Examiners’ reports (both formal and informal) Division Head subject recommendations The minutes of the Postgraduate Staff-Student Consultative Committee (which meets at least once a semester). Any other feedback received from staff and students within the Business School, and from external third parties, of relevance to the development and improvement of Postgraduate Programmes. MA in Corporate Strategy and Governance Programme Specification: Page 10 b. Committees with responsibility for monitoring & evaluation Humanities Postgraduate Programmes Committee. Humanities Academic Board. Taught Courses Committee. UQA Steering Group. Postgraduate Staff-Student Consultative Committee. Teaching & Learning Committee. Systems Committee. Course Review Meetings. Division Meetings and Away Days. Internal Examiners’ Meetings. External Examiners’ Meetings. School Management Group. c. Mechanisms for gaining student feedback Detailed end-of-module questionnaires, which the Business School requires to be completed for every module taught in every academic year. Periodic questionnaires (normally annually) eliciting comments on the strengths, weaknesses and suggested improvements for the programme. Postgraduate Staff-Student Consultative Committee. The Course Director A student’s Personal Tutor. The Postgraduate Programmes Manager. The Student Support Officer. The Director of Postgraduate Programmes. d. Staff development Completion of the Postgraduate Certificate in Academic Practice (PDCAP) by members of staff on probation and active involvement in the scheme by established members of staff. A mentoring policy for new members of staff. A bi-annual system of staff appraisal (annual for probationary staff). A Staff Development Officer with a budget and responsibility for staff development. 15. Regulation of assessment a. Assessment rules To qualify for an MA degree students must gain 180 credits. Modules will be assessed at the end of each semester by either examination or coursework or some combination of the two. MA in Corporate Strategy and Governance Programme Specification: Page 11 For the award of the MA candidates must normally: Obtain an overall module average of 50% Have no individual module mark of less than 40%. Obtain at least a pass mark of 50% in the dissertation As long as the overall module average is at least 50%, marks of between 40% and 49% may be automatically compensated. No compensation is allowed for individual module marks below 40%. Candidates who fail to achieve a mark of 40% in any module, or an overall module average of 50%, may be allowed one further opportunity to resit module elements as specified by the examination board by the end of the following academic year (with or without residence). The form of reassessment shall be determined by the Humanities Academic Board, or equivalent Board concerned. Any further opportunity to satisfy the Examiners after the second attempt shall be at the discretion of the Humanities Academic Board, or equivalent Board concerned, and shall be accorded only in exceptional circumstances. The maximum mark that can be gained on re-assessment is 50%. Candidates shall not normally be reassessed in any modules which they have passed. b. Degree classification Candidates who fail to meet the requirements for the award of an MA but who obtain at least 120 credits at an average mark of 40%, with no fail marks of less than 30%, shall normally be awarded a Postgraduate Diploma in Corporate Strategy and Governance. Candidates must achieve at least a pass mark of 50% for the dissertation in order to be awarded the MA degree. Candidates whose dissertation fails to satisfy the Examiners may be permitted to re-present it on a future occasion on such terms as the Humanities Academic Board thinks fit. Candidates who either do not re-present it or who again fail to reach the appropriate standard of 50% for the MA may be considered for the award of Postgraduate Diploma in Corporate Strategy and Governance. For the award of MA with Distinction candidates must normally achieve a credit-weighted average mark of 70% or more in the modules and dissertation. The examination board has the discretion to award of MA with distinction to exceptional candidates who do not achieve this level. c. External examiners The MA/MSc Programmes in the Business School are served by several external examiners covering all of the key management-related disciplines. The Examiners perform a range of functions including: Approval of the assessment programme and examination papers. Confirmation of standards relative to other institutions. MA in Corporate Strategy and Governance Programme Specification: Page 12 Moderation of marks through the double-marking of assessments (examinations and coursework). Moderation of borderline degree awards. Approval of degree outcomes and of course terminations. Approval of the administration of the examination process. Attendance at Examination Boards and approval of their conduct and administration. Input to Course Review via their formal and informal reviews and comments. 16. Indicators of quality and standards The last QAA Subject Review rated teaching in the Business School as excellent. The Business School was also awarded a 5b in the last Research Assessment Exercise. 17. Further information This programme specification summarises the main features of the programme and the learning outcomes which a typical student might be expected to achieve and demonstrate if s/he takes full advantage of the learning opportunities provided. Further information is available from the following sources: The Business School’s Postgraduate Student Handbook. The Business School’s student intranet. The Business School’s world-wide web pages at www.nottingham.ac.uk/business 18. School(s) responsible for management of the course Nottingham University Business School. MA in Corporate Strategy and Governance Programme Specification: Page 13
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