Master of
Business Administration (MBA)
(14 Months FT/24 Months PT)

Overview
Subjects
Assessment
What is an MBA?
The MBA programme was developed originally in
the United States and was introduced in the UK
soon afterwards. It continues to expand rapidly
both in Europe and in the rest of the world. With
the relentless internationalisation of the world
economy, an increasing number of companies
and organisations require top managers to have
an MBA degree. The degree covers not only
business administration subjects but a variety of
other fi elds, all of which are of vital importance to
managers in business and the public sector.
Why have an MBA?
The MBA programme is action-oriented and
is designed to accelerate the managerial and
leadership development process of candidates.
Gaining an MBA from CIM will make you a great
deal more competitive in the market place as your
knowledge of management skills and operating
techniques will be significantly improved.
Management in both the private and public sectors
requires the highest level of relevant training,
as well as vision, analytical skills and the ability
to implement far-reaching decisions; our MBA
programme stimulates students to look beyond
narrow boundaries and horizons, preparing them
for higher-level career-planning.
Our MBA is designed for practising managers with previous relevant education, training and work experience who are required to make a major contribution to the policy of their organisations. The specifi c focus of the programme is on enabling managers to operate at a strategic level and manage their organisations effectively in the complex and uncertain business environment of today. Close links have been established with industry, commerce and the public sector, all of whom have contributed to the development and design of the programme.
Our MBA is designed for practising managers with previous relevant education, training and work experience who are required to make a major contribution to the policy of their organisations. The specifi c focus of the programme is on enabling managers to operate at a strategic level and manage their organisations effectively in the complex and uncertain business environment of today. Close links have been established with industry, commerce and the public sector, all of whom have contributed to the development and design of the programme.
Course Objectives
At the end of the programme students will be
able to:
1. Gain a broad understanding of the managerial techniques for decision making.
2. Provide a global view of organisations and their environment in order to face the challenges of the 21st century.
3. Underline the importance and significance of increased managerial effectiveness and competence, and understand the various strategic approaches.
4. Enrich their development and managerial prospects by learning through their own past experience and their current and future needs, as well as the needs of their market and society.
5. Comprehend and appreciate the concepts and theories of management and see to what extent these theories are applicable in the real and changing world.
6. Understand and evaluate the objectives and importance of formulating strategies in a local and global context.
7. Diagnose and analyse intricate situations and deal with unforeseen exogenous factors affecting the internal environment of their organisation.
8. Deal effectively with human deficiencies and tackle human friction. Lead their teams through tough decisions and times.
9. Face the challenges of career requirements more confidently and increase their advancement prospects for acquiring a senior managerial position.
1. Gain a broad understanding of the managerial techniques for decision making.
2. Provide a global view of organisations and their environment in order to face the challenges of the 21st century.
3. Underline the importance and significance of increased managerial effectiveness and competence, and understand the various strategic approaches.
4. Enrich their development and managerial prospects by learning through their own past experience and their current and future needs, as well as the needs of their market and society.
5. Comprehend and appreciate the concepts and theories of management and see to what extent these theories are applicable in the real and changing world.
6. Understand and evaluate the objectives and importance of formulating strategies in a local and global context.
7. Diagnose and analyse intricate situations and deal with unforeseen exogenous factors affecting the internal environment of their organisation.
8. Deal effectively with human deficiencies and tackle human friction. Lead their teams through tough decisions and times.
9. Face the challenges of career requirements more confidently and increase their advancement prospects for acquiring a senior managerial position.
Recognition
The MBA offered in Nicosia and in Limassol alike
is accredited by the Cyprus Quality Assurance
Agency and upon completion can be submitted to
KYSATS for recognition. As such, Cypriot students
are eligible to apply for a government subsidy of
up to €3420.
Commencement
Classes commence in October. The academic year runs from October to May, when the final exams take place. From June onwards, students work on their dissertation, which must be submitted in October.
Weekly Hours Taught
The number of weekly taught hours for full-time
study is 18 teaching periods per week.
The total number of courses taught in one year is 6.
For part-time students, the number of weekly
teaching periods is 9.
Dissertation
A key requirement of the MBA is a dissertation
of 10,000 words, which must be submitted by
November or, in case the Dissertation is found
wanting further revision by the Institute’s markers,
by December. The dissertation must be of
satisfactory standard and must contain original
research work. Students may be required to
present and defend their work to an examining
panel. The 10,000-word dissertation is a major
part of the MBA and a student not submitting
an up-to-standard thesis will not be awarded the
degree. The dissertation must be on a pre-agreed
topic (agreed with the student’s tutor) and should
have a research bias. Students are expected to
begin work on their dissertation once exams are
over in June. They must submit their work by
the end of November of the same year. Students
are allocated a tutor, who assists them in the
early stages of research in January. The Institute
encourages students to undertake studies that
are of a current concern to a real organisation,
preferably their own if employed.
Dissertations are marked by an internal examiner and moderated by an external examiner. The pass mark is 50% and students’ performance will be indicated on their transcript. In case the dissertation is not of an acceptable standard, students, paying an extra 200 Euros, may re-submit their work, which has to be in by latest December. If the dissertation is again found to be unsatisfactory, then the student will fail their MBA.
Dissertations are marked by an internal examiner and moderated by an external examiner. The pass mark is 50% and students’ performance will be indicated on their transcript. In case the dissertation is not of an acceptable standard, students, paying an extra 200 Euros, may re-submit their work, which has to be in by latest December. If the dissertation is again found to be unsatisfactory, then the student will fail their MBA.
Note:
All optional modules are subject to availability of
lecturers and student demand. For a subject to
run, there should be a minimum of fi ve students.
Compulsory:
1. Strategic Management
2. Organisational Behaviour
3. Research Methods
4. Economics & Financial
5. Strategic Marketing
2. Organisational Behaviour
3. Research Methods
4. Economics & Financial
5. Strategic Marketing
Optional (1 out of 4):
6. Operations Management
7. Entrepreneurship & Innovation
8. International Business & Cyprus in the Global Economy
9. Ethics & Corporate Social Responsibility
7. Entrepreneurship & Innovation
8. International Business & Cyprus in the Global Economy
9. Ethics & Corporate Social Responsibility
Module Aims
Subjects (Compulsory & Optional)
Strategic Management aims at providing students
with an understanding of the strategic aspects
and decision making processes of the organization
and the tools that top management employs.
Furthermore, the course aims to provide students
with an understanding of various organizational
structures and management processes with
emphasis on strategic decisions such as the resource
allocations, mergers and acquisitions, diversifications,
business analysis, competitor analysis and planning.
Finally, the course discusses the role of top managers
such as the CEO, or general managers as strategists
and how these roles attempt to co-ordinate all
business and functions in the organisation to reach
its objectives and longer term goals.
The module of Organisational Behaviour focuses on
the interaction of people in organizations and the
consequences of their behaviour for organizational
effectiveness and performance. Organisational
structures, perceptions and attitudes, technologies
and objectives provide the appropriate framework
within the behaviour of individuals, groups,
networks hierarchies and organizations. This course
aims to provide students with an understanding of
a systematic set of behavioural science concepts
for analyzing human behaviour in organizations.
Further it provides the opportunity for relating
these theoretical ideas to realistic organizational
problems through practical experience within
the corporate environment. The course aims to
increase the ability to infl uence, lead and manage
others effectively in organizational contexts. The
major theories and research fi ndings in this area
derive from the academic disciplines of psychology,
sociology and anthropology and students will be
required to familiarize themselves as directed. It is
expected that the knowledge gained will be used
in case study analysis. In this way students are
expected to improve their ability to perceive the
drivers of organizational behaviour and to form
diagnostic conclusions as a basis for managerial
action and change management
Research is a logical and systematic search for new
and useful information on a particular topic. It is an
investigation for fi nding solutions to scientifi c and
social problems through objective and systematic
analysis. It is a search for knowledge that is a
discovery of hidden truths. Here, knowledge means
information about matters. The information might
be collected from different sources like experience,
human beings, books, journals, nature, etc. Research
can lead to new contributions to the existing
knowledge. Only through research it is possible to
make progress in a fi eld. Research is done with the
help of study, experiment, observation, analysis,
comparison, and reasoning. As such, this course
introduces students to the essentials of Research
Methodology and equips them with the necessary
tools to conduct the research for their assignments
and, particularly, their dissertation.
This is a joint module where students cover
Economics in the first half and Financial Management
in the second half. The aim of the Economics
component of the module is to introduce students
to economics and provide a foundation of economic
understanding and knowledge so as to grasp
the implications for businesses of changes in the
economic environment. Moreover, it aims to develop
the ability to use economic understanding and
knowledge in examining and assessing a number
of microeconomic and macroeconomic issues. As
regards the Financial Management element of the
module, it aims to cover the basic areas of financial
management, which are of fundamental interest to
corporate managers and to understand the basic
principles needed to implement financial decisions
both inside and outside the firm.
The Strategic Marketing module aims to build upon
the basic foundations laid by the Marketing module.
In particular the module seeks to extend the depth
of knowledge about the development of marketing
strategies, and their implementation. On completion
of the module students will understand the processes
adopted by marketing professionals: analysis,
development of marketing strategies, and critically,
the ways in which these strategies are implemented,
and refined in response to tactical/short term
imperatives. The general intent of the module is to
refi ne students’ ability to make marketing decisions,
and also to do so at a higher level than discussion
previously. In particular the module will help students
develop their ability to: choose the most effective
analytic strategies, assess implementation and
managerial implications; and critically evaluate
strategic marketing analysis methods with
respect to their validity and relevance in a range
of marketplaces. The module will also explore the
impact of marketing decisions upon the long-term
evolution of markets; and market structures in terms
of customers, competitors and market channels.
The Operations Management module provides a
general introduction to operations and process
management and explains how the operations
function fi ts within the organisation overall. The
module also explores how actors outside the core
operations function have a role in, and engage in
the management of processes.
The module will show students the wide organisational scope of operations management activity and will establish an understanding of the core concepts underlying the discipline. The module is introductory in nature, and while focused primarily on large organisations, also looks at small organisations and even the management of individual “human” processes. The module is intended as an introduction to operations management in both service and manufacturing organisations. Its intention is to provide the building blocks of those basic principles which are broadly applicable to most organisations. The module will introduce the basic principles of the “lean” operation, and show how managers can adopt lean principles in practice.
The module will show students the wide organisational scope of operations management activity and will establish an understanding of the core concepts underlying the discipline. The module is introductory in nature, and while focused primarily on large organisations, also looks at small organisations and even the management of individual “human” processes. The module is intended as an introduction to operations management in both service and manufacturing organisations. Its intention is to provide the building blocks of those basic principles which are broadly applicable to most organisations. The module will introduce the basic principles of the “lean” operation, and show how managers can adopt lean principles in practice.
The Entrepreneurship and Innovation module is
about entrepreneurs, innovators, and the things
(products, services and processes) they create.
Students often misunderstand the purpose of
modules on entrepreneurship and innovation.
Such modules – and this is no exception – are not
“vocational”; they don’t tell you how to write a
business plan, how to fi nd VC funding for a startup etc. Issues like these are certainly subjects that
come up for appraisal, but our aim is to critically
analyse them, not give you a “how to” for new
venture creation.
Entrepreneurship is not confi ned to the context of new ventures or start-ups. For example, entrepreneurship can occur within large and mature organisations, and as often as not occurs within the non-profi t sector. Similarly, innovation is not just about ideas, inventions and technology. In the module we take a very broad view of innovation, and for example will look at process innovations, and organisational innovations as well as new technology, products and services.
What the module is about is creativity, and creative problem solving. The module will explore a range of different perspectives on entrepreneurship and the activities of entrepreneurs. If the module is at all “vocational” it is in inculcating a mind-set that supports entrepreneurship and innovation. The intention is is to help you develop the understanding, attitude and skills that will help you create and implement “the new”.
Entrepreneurship is not confi ned to the context of new ventures or start-ups. For example, entrepreneurship can occur within large and mature organisations, and as often as not occurs within the non-profi t sector. Similarly, innovation is not just about ideas, inventions and technology. In the module we take a very broad view of innovation, and for example will look at process innovations, and organisational innovations as well as new technology, products and services.
What the module is about is creativity, and creative problem solving. The module will explore a range of different perspectives on entrepreneurship and the activities of entrepreneurs. If the module is at all “vocational” it is in inculcating a mind-set that supports entrepreneurship and innovation. The intention is is to help you develop the understanding, attitude and skills that will help you create and implement “the new”.
International Business & Cyprus in the Global
Economy aims to develop in students a working
knowledge of the global business environment,
including its economic, political, legal and sociocultural components. Moreover it aims to develop
in students the ability to think strategically about
leveraging various country differences to create
worldwide competitive advantages. Through the
module of International Business & Cyprus in the
Global Economy students delve into the challenges
that businesses face when entering foreign markets
and when competing against local fi rms and other
international companies, with a particular emphasis
to the Cyprus economy. In addition, the module
provides students with conceptual frameworks
for analysing business opportunities globally and
across countries in different stages of economic
development.
This module aims to critically analyse the drivers
of enterprise and wealth creation from the
perspective of their ethical implications. Moreover,
students will investigate changing approaches
and attitudes to sustainability and corporate
social responsibility and will also critically evaluate
frameworks for the discussion of business ethical
issues and the use of tools for managing business
ethics. Added to this, the module aims to examine
the impact of globalisation on enterprise and
evaluate diverse ethical models and theories
(normative and descriptive). This module explores
corporate responsibility and ethics from a
multidisciplinary and multistakeholder perspective.
It reviews theories and practice of corporate
ethics, responsibility, and liability and illustrates
how they apply to a number of complex business,
development, and policy situations in the evolving
global business landscape.
Assessment
Students sit for examinations once a year, every June.
The weighting of results is as follows:
Assignments – 40%
Final exams – 60%
The pass mark is 50%
Note 1: The module of Research Methods is assessed solely by the Research Proposal
Note 2: Some Assignments can be in the form of Group work followed by a Presentation and Self-Reflective Report
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