Corporate Failure and Turnaround (MBA) (P02563)

? Credit Points : 10 ? SCQF Level : 11 ? Acronym : MSE-P-MSE

This elective course creates an awareness of the reasons why organisations experience crises and what might be done to identify problems, to avoid potential failure and to transform the organisation to enable it to succeed in the future. We will review the reasons why organisations have failed or are failing so that we can identify the onset of difficulties as early as possible. Techniques, both quantitative and qualitative, will be reviewed. Successful turnaround strategies will more likely be achieved if problems are recognised early. Various approaches to transformation will be examined with cases and examples.
The main objective is to learn from the experience of others, particularly from past failures and successful turnaround examples. The business environment becomes more and more turbulent and uncertain. Product life cycles are shorter and businesses have to re-invent themselves.

Entry Requirements

? Pre-requisites : PGs only

Subject Areas

Home subject area

Business Studies, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Block 5 only

? Contact Teaching Time : 30 hour(s) per week for 1 weeks

Summary of Intended Learning Outcomes

This course seeks to develop graduates of international distinction by supporting high quality education. In accordance with this objective this course will aim to provide an environment where students are encouraged to take responsibility for developing the following attributes as they progress.
Knowledge:
- An understanding of trends in the political, economic, technological, social and cultural environments within which businesses operate.
- An understanding of the forces leading towards international convergence in managerial practices, and those leading to divergence.
- An understanding of the role of business in value creation through the integrated management of business processes.
- An understanding of the theories and tools that support managerial decision making processes in organisations.
- An appreciation of the constraints facing organisations as they balance the application of business and management theories to practical situations.
- Ability to appreciate the changing knowledge base of management and the business environment and to respond to the demands for change
- Capacity to engage with current issues of significance in business and management.
Skills:
- Ability to manage complex business situations that require understanding of a wide range of functional issues
- Ability to evaluate and synthesise information and existing knowledge from numerous sources and experiences
- Ability to integrate functional business skills and personal business experience to find progressive solutions for the challenges of today’s businesses and organisations
- Capacity to apply relevant theories to the demands of business and management practice
- Ability to identify complex business issues, ascertain their causes and effects through application of appropriate analytical tools, develop feasible and constructive solutions and provide advice to relevant business managers for successful implementation