Master of
Business Administration (MBA)
Entrepreneurship and Digital Innovation

(14 Months FT/24 Months PT)

What is an MBA?

A very successful MBA in both full-time and parttime mode of delivery has been offered both in Nicosia and Limassol since 1993, and is currently accredited by the Cyprus Quality Assurance Agency and recognised by KYSATS. It enjoys worldwide recognition and offers the possibility to its holders to secure a high-ranking position across the industry or continue for PhD studies in Europe and the US. In addition to this general MBA, CIM has also been offering an MBA with Shipping (in Limassol only), which has become the top Shipping Management programme in Cyprus. An e-Learning MBA has also been very recently accredited by the Cyprus Quality Assurance Agency.

The overall purpose of the CIM MBA programme is to develop the analytical and strategic management skills of students using concepts derived from a wide range of business-related fields, thus enabling them to respond creatively and effectively to the challenges of the global business environment. With an optional concentration in Entrepreneurship and Digital Innovation, the programme offers students the option to specialise in this globally growing field.

This overall purpose embraces several distinct and individual objectives:

To provide a coherent and integrated course of study that will satisfy the needs of career-ready graduates and organisations operating within increasingly complex, dynamic, and diverse external environments.

To develop students’ intellectual ability based on synthesis, reflection, and analysis of complex and changing environments and build graduates’ practical management competence through engagement with business.

To enable students, in terms of personal efficacy, to plan, develop and implement responses to changing environments using an interdisciplinary approach to management.

To cultivate an international perspective through a mix of blended teaching, teamwork, and opportunities for enterprise visits and promote a creative and entrepreneurial approach to problem solving.

Our MBA consists of a set of core subjects, a selection of elective modules, and an individual Dissertation Project based on experiential learning.

Aims

significantly improve graduates’ leadership capabilities and skills;

demonstrably build graduates’ practical management competence through engagement with business;

encourage and promote a creative and entrepreneurial approach to problem solving;

demonstrably develop graduates’ understanding of responsible and sustainable business practices;

cultivate an international perspective through a mix of teaching, teamwork, and opportunities for business visits;

and produce MBA graduates capable of filling senior management positions in a wide range of national and international organisations.

A fundamental part of students’ learning and development is participation in group work. All modules have an assessed group work element embodied in them, with all MBA course members taking part in group exercises. Students are rewarded for good teamwork and according to how well they, as a team, have performed.

We believe that working with talented peers from many different professional and cultural backgrounds and close interaction with the academic staff accelerates students’ learning and management development that they can take with them in their future professional plans.

The design of the course proceeds on the premise that effective management requires a combination of broad strategic management knowledge and specialist analytical skills. The core subjects ensure students study essential areas of general management, while the optional modules and individual Dissertation project allow students to build and apply knowledge gained on these core areas. Moreover, through electives, students tailormake their own version of the CIM MBA to fit their needs. In addition, the optional concentration in Entrepreneurship and Digital Innovation allows students to receive specialised education and help boost an understanding of leadership, management and project-building skills that are necessary for creating a successful business.

The proposed MBA programme includes various elements of work-related, work-based, and workintegrated learning in modules throughout the programmes. The curriculum of the programme has been designed with employability at its core, not as an add-on. Employability skills are embedded in every module of the degree including developing the ability to clearly articulate the skills gained.

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.

Course Objectives

The CIM MBA programme has been designed for aspiring and ambitious executives. Whatever the stage of our candidates’ career, it will accelerate their managerial and leadership development process. Gaining an MBA from Cyprus’s premier Business School will enable our students to become more competitive in the marketplace as their 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 executive training, as well as vision, analytical skills, and the ability to implement far-reaching decisions. Our MBA programme will make students look beyond narrow boundaries and horizons, preparing them for higherlevel career development planning.

The specific 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. Our close links with the industry and the commerce and public sectors ensure that the CIM MBA programme is relevant and has high practical value.

CIM is the most connected Business School in Cyprus in terms of memberships and links with universities and professional bodies. CIM works closely with The Chartered Management Institute (CMI), a professional body engaging business and education to inspire people to become skilled, confident, and successful managers and leaders.

With a wealth of practical qualifications, events, and networking opportunities on offer, CMI helps people boost their career prospects and connect them with other ambitious professionals across all industries and sectors. It is anticipated that our graduates will be able to apply for graduate membership with CMI and so have access to thought leadership, research and online resources which provide practical insight for both today’s leaders and the next generation.
This initiative will increase the standard of professionally qualified managers at CIM as well as the employability of our graduates.

Similarly, CIM has established long relationships with The Chartered Institute of Management Accountants in the UK, one of our oldest affiliations which will bring a wealth of networking opportunities to analyse information to advise strategy and drive sustainable business success.

Optional specialisation in Entrepreneurship and Digital Innovation

The CIM MBA with an optional specialisation in Entrepreneurship and Digital Innovation is designed to give graduates a strong business innovation foundation for a future career in the start-up sector. In this programme, students focus on developing their innovation initiatives through creativity and willingness to take risks as well as an entrepreneurial mindset with strong management skills and market familiarity.

Through courses like Entrepreneurship and Innovation, Digital Tools and Business Model Innovation and Digital Transformation, students also build a strong understanding on how to develop business models – both traditional and innovatively digital.

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 modules taught in one year is 6. For part-time students, the number of weekly teaching periods is 9.

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.

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Compulsory:

1. Leadership & Corporate Strategy – Yearly
2. Organisational Behaviour Change Management – Yearly
3. Financial Management (Term 1)
4. Economics (Term 2)
5. Principles of Research (Term 1)
6. Data Analysis (Term 2)
7. Final Research Project
8. Entrepreneurship & Innovation – Yearly

Optional (1 out of 2):

1. Business Model Innovation and Digital Transformation – Yearly
2. New Digital Technologies – Yearly

Module Aims

Subjects (Compulsory & Optional)

1. Leadership & Corporate Strategy

Leadership & Corporate Strategy 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 module 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 module 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.

2. Organisational Behaviour & Change Management

The module of Organisational Behaviour & Change Management 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 module 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 module aims to increase the ability to influence, lead and manage others effectively in organizational contexts. The major theories and research findings 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.

3. Final Research Project

Research is a logical and systematic search for new and useful information on a particular topic. It is an investigation for finding solutions to scientific 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 field.
Research is done with the help of study, experiment, observation, analysis, comparison, and reasoning. As such, this module 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.

4. Economics & Financial Management

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.

5. Principles of Research

The course aims to enable students to understand business research, offering an indepth understanding of relevant approaches and elements of undertaking a research enquiry and to provide students with the necessary skills and knowledge to determine the information necessary to address an identified research problem.

6. Data Analytics

The course aims to ensure that students develop a good undertanding of the main methods used to analyse qualitative and quantitative data and to allow students to practise cleaning and organizing data for analysis, and complete analysis and calculations using statistical data analysis tools

7. Strategic Marketing

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 refine 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.

8. Operations Management, Sustainability and Supply Chain Management

The Operations Management module provides a general introduction to operations and process management and explains how the operations function fits 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, it also looks at small organisations and even the management of individual “human” processes. It 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.

9. Entrepreneurship & Innovation

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 find 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 confined 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-profit 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”.

9. International Business & Cyprus in the Global Economy

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 firms 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.

9. Ethics & Corporate Social Responsibility

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

The weighting of results is as follows:
Assignments: 40%
Final exams: 60%

All modules have 2 assessment components:
– Two Assignments worth 20% each (January & April) for Yearly modules
– Final Examination for all modules (Term & Yearly) worth 60% (January and/or June)

The pass mark is 50%
Students must pass all modules as well as the Dissertation.

Note 1: *The module of Research Methods is assessed solely by the Research Proposal

Note 2: Some assignments are in the form of group work followed by a presentation and self reflective report

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What Programme are you applying for?

Master of
Business Administration (MBA)
Entrepreneurship and Digital Innovation

(14 Months FT/24 Months PT)

What is an MBA?

Aims

Recognition

Course Objectives

Commencement

Weekly Hours Taught

Admission Requirements

Duration

Accreditation

Apply

Brochure

Contact

Compulsory:

Optional (1 out of 2):

Module Aims

Subjects (Compulsory & Optional)

Assessment

Get in touch

Nicosia Campus

Get in touch

Limassol Campus

Follow us

What Programme are you applying for?

Master of Business Administration (MBA) Entrepreneurship and Digital Innovation

(14 Months FT/24 Months PT)

What is an MBA?

Aims

Recognition

Course Objectives

Commencement

Weekly Hours Taught

Admission Requirements

Duration

Accreditation

Apply

Brochure

Contact

Get in touch

Nicosia Campus

Get in touch

Limassol Campus

Follow us

Master of
Business Administration (MBA)
Entrepreneurship and Digital Innovation