Financial management is the management of the flow of funds available to an organization. In a market economy it is often viewed as the integrating discipline of management, moderating the flow of capital and risks and rewards between savers and users of capital. A primary objective of financial management in the United States is to create and preserve shareholder value or wealth. Clearly that objective does not hold in many parts of the world. While it is the objective articulated in the text, it will be questioned from time to time, as other interests are considered. Through case discussions and the supplementary readings in the text, this course will help you to develop the knowledge, skills, critical thinking ability, and behaviors required of any manager, not only those specializing in finance. Although the main focus of this course is on profit-seeking firms, much of what is learned has applicability for organizations in the not-for-profit and governmental sectors as well. The course will raise ethical issues where appropriate.
Global Economics is an applied international economics course that spans micro- (firm-centric) and macro- (country- or region-centric) economics. Key concepts and frameworks, actors, and cycles in the global economy will be discussed and critiqued. The purpose is to understand what it takes for a global manager to position a multinational firm successfully in a volatile economic context. We will study important principles and theories of micro-economics (supply and demand, marginal analysis) and macro-economics (economic growth, exchange rates, trade, balance of payments, GDP, employment, and inflation), as well as the areas where micro meets macro (firm versus country competitiveness, industry and market structures). We will explore more closely the character, role, and significance of trade and finance institutions, systems, and flows within the overall global economy (International Monetary Fund, International Finance Corporation, World Bank, European Central Bank, U.S. Federal Reserve Bank, Asian Development Bank, etc.). We will develop a deeper understanding of cycles and volatilities in the global economy (business cycles, booms, busts, recessions, depressions). We will take a close look at their causes, uncertainties, and implications for businesses in today’s volatile global economy.
Strategic skills are a key asset for business leadership across business functions and seniority levels. The need for and benefit of those skills is no longer limited to elite staff groups or top executives. Increasingly, companies expect their product managers, senior business analysts, and mid-level executives in diverse functions to possess the ability to think and act strategically without losing their agility. Therefore, this course will focus on the craft, the opportunities, and the challenges of developing strategies in these roles. As we do so, the most basic strategic question is: How do we best position and compete among significant uncertainty and ambiguity to maximize value created and profits made in a sustainable way? This course provides students a combination of analytical and engagement tools for strategy projects for internal or external executive clients. Among the analytical skills are methodologies and frameworks for product, firm, industry, and market analysis. Among the softer engagement skills are diagnostic skills.
In today’s business world, project management skills are applicable in most business roles. Big data research that Hult has conducted shows that project management skills are the most in-demand skills in today’s employment market. We will focus on how to balance the demands of time, quality, scope and cost inherent in any project while considering the interest of all stakeholders affected. We will provide principles, methodology and practical information through a combination of lectures, assignments, group collaboration and hands-on exercises.
Core courses form the backbone of your Masters in International Business curriculum. You will study them throughout modules A – C. The classes have been carefully designed and sequenced to build knowledge, skills, and competencies in finance, marketing, operations, economics, and strategy.