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Curriculum

Take a world-class MBA while pursuing your career.

The Business Core modules cover vital economic and business administration expertise alongside up-to-date management and leadership tools and techniques. The Specialization modules allow participants to gain profound knowledge, expertise and competencies in a chosen function or industry.

Below, please find an overview of all modules taught during the MBA. Click on the module names for detailed content information.

    • Managing People & Organizations

      Managing People

      This Business Core module introduces you to the thinking of the WU Executive Academy. You will learn how to:

      • Manage individual performance through theories and frameworks, such as talent management.
      • The best practices in recruiting and performance evaluation systems.
      • Managing cultural team diversity with a strong emphasis on aligning people, culture and strategy.

      Managing Organizations

      This Business Core module focuses on organizational structure and how you can play your part in affecting positive change. You will learn about:

      • Structures, processes, culture and politics of modern organizations.
      • Managing change within a global context.
      • Corporate restructurings, mergers and acquisitions.
      • How to identify new technologies, and innovate and manage change through adopting new thinking processes.
      • How to foster corporate flexibility through organizational adaption.
    • Competitive Analysis and Strategy

      During this Business Core module, you will use state-of-the-art tools to assess the external and internal context of the organization. You will address:

      • Competition and collaboration.
      • Diversification and focus.
      • Strategic thinking.
      • Strategy formation and strategic change.
    • Data Analysis and Decision Making

      This module will highlight the power and limitations of numerical data in the decision making process.
      You will also learn about:

      • The application of exploratory data analysis.
      • Applications based on the normal distribution, basic inferential and sampling procedures.
      • Regression analysis and analytical models supporting the decision making process.
    • Financial Reporting

      Financial Reporting is a Business Core module that strengthens your knowledge of the fundamental principles and elements of accounting. It will highlight:

      • Procedural issues vital in the preparation and presentation of financial statements.
      • Practical and theoretical matters in the evaluation of accounting income, inventory, fixed assets, investments, leases and earnings management.
    • Financial Management

      This module builds your knowledge of the major concepts in finance for national and global companies and
      market participants in the international financial market. The focus is on the valuation of various securities, and the relationship between risk and return.

    • Operations Management

      This module gives you a solid understanding of large and small-scale operational processes. You will learn about:

      • The modern principles and concepts of managing the production and distribution of goods and services.
      • The fundamental interdependencies between IT, operations, human resources and corporate strategy.
      • The concepts of productivity and tools of improvement, such as supply chain management and process management.
    • Controlling

      When learning key controlling concepts from two perspectives – the accounting and finance perspective –
      you will cover the interpretation of financial statements and traditional performance management systems
      based on accountancy ratios linked to the financial reporting and financial management modules. You will compare and evaluate these two perspectives against each other and will learn:

      • Strategic performance management.
      • The application of balanced scorecards as a successful management system.
    • Marketing Management

      This Business Core module is designed to strengthen your marketing knowledge. You will learn about:

      • Modern concepts and state-of-the-art tools of strategic marketing management for market-driven and customer-focused companies.
      • Marketing discipline.
      • Consumer behavior.
      • Marketing research.
      • Marketing mix.
      • Marketing and sales organizations.
    • Global Markets

      This module will give you a comprehensive overview of the business environment of global markets. We will show you the complexities of various economies across the globe to enable you to better assess business opportunities, and global market environments.

    • Information Systems Management

      You will be introduced to information system resources and taught key aspects of technology management. You will learn about:

      • Key information technologies and their applications (e.g. ERP, CRM, knowledge management systems, and e-commerce).
      • Competitive advantages of information technology and related organizational and managerial implications.
    • Entrepreneurship & Innovation

      This module analyzes the force of “creative destruction” as a key to success for start-ups, companies and
      societies. We will show you:

      • The strategic impact of “the new” in terms of marketing and organization.
      • The specific interdependencies between success of innovation and the entrepreneur initiating and driving it.
      • Innovation resistance, and resistance resolution.
    • Leadership

      To support your managerial abilities, this module teaches you how to introduce change through visionary leadership in your organization. You will learn about:

      • The concepts of leadership.
      • Corporate accountability.
      • Mobilizing people and groups for change.
    • Ethics and Corporate Social Responsibility

      This Business Core module is an introduction into the system of behaviors and rules of conduct between companies and their main stakeholders. You will learn about:

      • The ethical and social responsibility of business considering the ethical challenges in the corporate world.
      • Responsible leadership and social entrepreneurship.

In addition to the Business Core you are enrolled in the following specialization modules:

    • Energy and Managerial Economics

      In this module you will gain an overview of the global economic development and learn to understand the importance of energy as an economic sub-discipline. Moreover, you will explore the energy industry’s role in economic development. You will also learn about:

      • The global monetary system.
      • The impact of current account imbalances, fluctuations of asset prices, exchange rates and commodity price and their impact on economic performance.
      • The basic concepts of macro-economic policies.
    • Global Energy Markets

      Global Energy Outlook and Energy Policy

      Understanding the developing changes in energy policy is vital to shaping your strategy and decisions. You will learn:

      • The different energy markets including oil and gas, electricity and nuclear energy.
      • The practices in the development and use of energy models to project the level and structure of future energy supply and demand.
      • How to assess the availability of resources and investments.
      • How to outline different objectives and utilities of short, medium, and long-term outlooks.
      • How to evaluate the importance of scenario planning.
      • The key drivers of future energy demand, supply, and prices.
      • The dynamics of energy geopolitics in the 21st century.

      Global Energy Markets and Market Relations

      This module will help you assess and analyze developments in markets to help you recognize risk and opportunity. You will learn:

      • How to analyze structural developments in oil and gas markets and identify main drivers that shape the industry in the short and in the long term.
      • How to identify main players, their behavior over time, and their influence on supply-demand balances as well as on prices.
      • How to develop an approach to valuing reserves in oil and gas fields.
      • How to assess the risk and opportunities faced by companies that are investing in promising but unstable countries.
    • Environmental Management

      This module is an insight into the issues and solutions of business impact on the environment. You will get an introduction to environmental issues that are related to the generation, transport, and use of energy and the potential solutions to these issues. You will learn about:

      • Sustaining a high standard of living by simultaneously keeping the energy usage as clean as possible.
      • Evaluating the solutions to operate the scale of energy required.
      • The environmental constraints on energy resources.
      • Technological options to overcome the constraints of vast energy usage.
      • Regulatory and policy issues that are related with both energy infrastructure and environmental issues.
    • Energy Regulation

      This Specialization module gives you an understanding of energy regulation in a global context. You will learn:

      • How political, legal, contractual, and institutional frameworks influence energy regulation.
      • Recent trends of energy regulation.
      • Challenges and options for compliance enforcement of energy regulation.
    • Energy Trading

      This module gives you a detailed introduction to the basics of energy trading and price formation mechanisms in the oil and gas industry. You will learn about:

      • Basic derivate instruments of trading in the paper market.
      • Basic energy price risk management in practice.
      • The interdependence of different energy and financial markets and how oil and gas prices are established.
      • The differences between exchanges and OTC markets.
    • Renewable Energy

      This module addresses the following topics in global renewable energy:

      • The renewable energy sources and technologies (solar energy, wind power, hydropower and geothermal energy).
      • Integration of renewable sources of energy to electricity supply schemes.
      • Developing sustainable electricity scenarios based on renewable and fossil energy.
      • How to estimate costs and need of start-up financing for renewable energy.
      • The differentiation between myths and realities of renewable energy.
    • Strategies in the Energy Business

      This module introduces you to strategy development and strategy implementation of firms, and will show you how to establish a strategy that fits best to energy specifics. You will learn about:

      • Strategic alternatives for energy companies.
      • Real-time issues and evaluation of current trends in the energy industry.
      • Potential impacts and suggestions for strategic directions of energy companies.
    • Negotiations

      This module introduces you to the skills and theories behind negotiations. You will learn:

      • How to deal with “difficult people”.
      • Managing underlying interest.›
      • Conflict escalation.›
      • Competitive vs. co-operative approaches.
    • Writing a scientific paper

      At the end of the MBA program, students have to write a master thesis in order to receive the academic degree of Master of Business Administration (MBA). The intention of the master thesis is to guarantee that the graduate of the MBA program is able to write scientific papers on his or her own.

Lanre Anibaba, MBA

  • Alumnus | Crude & Products Accounting | ENI Tranding & Shipping Inc. | USA

I came to the WU with almost 20 years working experience in the oil and gas business and yet was amazed as to how much more I’ve learnt about the energy business in such a short while. The MBA in Energy Management is rich in both content and structure with guest lecturers who are acclaimed practitioners in their fields. The faculty is very international, representing state-of-the-art knowledge while the diversity in student body ensures cross-cultural learning and the feeling of being at home regardless of where you come from. For me it’s been a challenging and yet an enriching experience.

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