(MBA) is the world’s best known and most widely recognised management education qualification. It has become one of the most sought after qualification in today’s corporate world as a prerequisite to most top management positions as well as for successful career progression. Worldwide leading business leaders consider an MBA as key to the continual success of careers in sectors like manufacturing, engineering, business, education, healthcare and other service sectors. To meet the needs of a dynamic and at times, turbulent business environment, the MBA qualification is itself evolving and adapting.
Besides arming MBA graduates with a qualification that would pave the way to top managerial positions within large or multinational corporations, the MBA is also relevant to those opting for positions within smaller, but progressive companies as well as entrepreneurs wanting to run their own businesses. One of the most compelling reasons to do an MBA is to enhance career opportunities through effective personal development and capacity development. The challenges imposed by the 21st century make the upgrading and enhancing of skills and qualifications essential in order to meet the demands set by companies, customers and the rapidly changing environment within which businesses operate.
Upon successful completion of the programme, the student should be able to:
- Display research skills in solving work related problems.
- Communicate knowledge acquired in a research-based project to contribute to socio-economic transformation.
- Identify, analyse and solve management and commercial problems in a systematic, critical, ethical and creative way.
Within the context of the RBS MBA Philosophy, the RBS MBA curriculum aims at developing a student’s intellectual ability, executive personality and managerial skills through an appropriate blending of business and multi-disciplinary education. The MBA curriculum provides students with a comprehensive management education of globally recognized best practices with flexibility of their adaptation to indigenous entrepreneurial and societal context.
In today’s volatile environment, with the rate of change accelerating, organizations that successfully manage strategic initiatives save more money and are poised to gain an advantage over their competitors. Today we’re talking a lot about change management because organizations live in a much more dynamic environment than in the past.
The purpose of this module is to enable students to make a strategic diagnosis based upon the analysis of the competitive environment and the identification of the strategic capability of their organisation in a context of a dynamic environment.
Managerial economics applies economic theory and methods to business and administrative decision making. Managerial economics prescribes rules for improving managerial decisions. Managerial economics also helps managers recognise how economic forces affect organisations and describes the economic consequences of managerial behaviour. It links traditional economics with the decision sciences to develop vital tools for managerial decision making.
Managerial economics is concerned with the business firm and the economic problems that every business management need to solve. It is the integration of economic theory and business practice for the purpose of facilitating decision – making and forward planning by management.
Every organisation needs to have clear marketing objectives, and the major route to achieving organisational goals will depend on strategy. It is important, therefore, to be clear about the difference between strategy and tactics.
The purpose of this module is to create an understanding of how marketing management creates value in an organisation by examining the core principles of the marketing concept and amplifying the elements of a marketing strategy.
It is generally accepted that the world has experienced multifaceted and revolutionary change over the last four decades or so. A shift is taking place from the traditional, largely bipolar, to a multipolar, world order.
The notion of political economy underlines the fact that politics and economics are closely linked in all countries. The challenges and complexities facing organisations cannot be separated from broader international developments. Organisations operate in a global world where economies and societies are intertwined. Within the context of global competition and trade, countries are tied via their business economic structures. The module defines the study of international political economy, summarises major analytical frameworks in the field, and identifies current debates.
The aim of this course is to provide students with an understanding of the relationship between economics and politics as academic disciplines
In this competitive global economy, managers must continuously seek ways of improving human capabilities and the performance of organisations in order to compete, survive and thrive. In addition, one of the main differences between success and failure in any organisation is how its leadership optimises the use of its human capital resources to take advantage of strategic opportunities.
This module details the task and scope of human resources management in the context of a legislative framework and a dynamic organisational micro, task and macro environment. In addition, the module presents a critical review of the phenomenon of leadership.
Governance failures both locally and internationally have filled the media and have negatively impacted on confidence in the free market system. The sheer size and complexity of business makes it difficult to understand all the potential problems which lie in wait for apparently successful organisations. Globalisation and the pervasive use of technology add further complications.
It is also acknowledged that human activity has an influence on the environment and eco-systems in general. Sustainability is the need to allow the natural world to refresh itself while providing sufficient resource for human life.
Operations Management (OM)is concerned with the management of resources and activities that produce and deliver goods and services to customers. Efficient and effective value chain activities and operations provide an organization with major competitive advantages since the ability to respond to customer and market requirements quickly, at a low cost, and with high quality, is vital to attaining profitability and growth through increased market share.
As competition becomes fiercer in an increasingly open and global marketplace, a company’s survival and growth becomes greatly contingent on its ability to run its operations efficiently and to exploit its resources productively. Thus this course focuses on the concepts, issues, and techniques for efficient and effective value chain activities and operations.
The purpose of this module is to enable the student to make strategic financial decisions as part of the financial management process which is critical to the success of any organisation. This module will also enable the student to develop practical skills applicable to interpreting financial statements, budgeting, cash-flow analysis, analysing organisational costs and making short-term and long-term investment decisions.
The study of Accounting and Finance will also enable students to recognise the various sources of finance, evaluate the various costing systems and design techniques for the effective management of working capital.
Early ideas of Information and Knowledge application have changed into looking at awareness application showing peoples availability and activities. All enterprises, whether in the private or public sector, need excellent information and knowledge strategies to succeed. The combined knowledge of the employees is in many cases considered to be the main asset of an organisation. The information that the knowledge is based upon can, to some extent, be stored and made available for everybody within the organisation.
The purpose of this module is to review the value of information as a resource to the value chain of an organisation and examine the management of information and the information technology function in an organisation. This module also equips students with knowledge, skills and approaches to Information and Knowledge Management in organisations.
The module aims to equip the student with knowledge about the critical roles of innovative entrepreneurship and business management in the creation of employment and development of a country’s economy. After the completion of this module, the student will have gained knowledge about the role of integrating business management concepts in a technical and innovative setting to meet today’s dynamic business environmental requirements.
The study of this module will also enable students to understand how the integration of entrepreneurial and business management processes enhance organisational performance.
The purpose of the module is to equip the student with an understanding of research within the social sciences. The focus falls on the student developing a rigorous approach to the process of research. The module provides students with a holistic overview of the research process, different research philosophies, and research ethics.
Statistical inference study allows students to make generalisations based on sample data and answer questions such as estimating product reliability, testing investment strategies or predicting product sales on the basis of its features.
The purpose is to expose students to current trends within the public sector with a particular focus on issues of relevance to business. Whilst much of the content makes specific reference to South Africa, substantial attention is given to other parts of Africa, particularly those which have historically emerged from British rule. The study of Public Sector Management covers a multitude of topics.
The principal ones included are public finance and development (state budgets, development plans etc.), local government with particular reference to service delivery, ethical issues relating to the conduct of public officials, the processes by which policies are made and implemented, the significance of new technologies for how governments now operate and strategic planning and management.
Emphasis will be placed on carrying out research on public sector topics to include study of policy documents such as ‘white papers’ and development plans, and interviewing officials, service providers and members of the public requiring service delivery.
This module is concerned with the management of healthcare organisations in an environment of dynamic challenges. It examines the context in which healthcare occurs and explores dimensions of functional management relating to healthcare organisations.
These include strategic management, change management, communication management, financial management, marketing management and human resource management. In addition, there is a large focus on the management of HIV and AIDS.
Islamic Financial institutions have grown rapidly in recent years achieving growth rates in excess of 15% per annum. Following the global economic meltdown of 2007/2008 there has been increased attention on and interest in Islamic Banking and Finance. Islamic finance derives its intrinsic strength from the moral precepts embodied within the Islamic tradition which is consistent with the principles of the Shari`ah (Islamic Law).
Islamic products are proving to be competitive since they focus on ethics and are fast attracting not only Muslims, but non- Muslims as well. In South Africa, initiatives have been put in place to facilitate Islamic Banking and Finance, such as the amendment of Tax Laws, in order to attract petro dollars from the Middle East countries and to make South Africa the hub of Islamic Banking on the African continent.
In the wake of the projected South Africa’s debt hitting 44.3% share of GDP by 2016, South Africa is expected to launch its first sukuk (Islamic) bond during the course of 2014 with the aim of diversifying its debt obligations.
The overwhelming demand for Islamic windows in the conventional banks has resulted in an increasing demand for professionals to be conversant with the principles and intricacies of Islamic Banking and Finance. The module intends to contribute to addressing this need and will also contribute to human capital development.
The dissertation draws together the threads running through the MBA programme. It gives the student an opportunity to apply general issues of management to an area of specialisation. As the dissertation is a science-based business research project, the candidate first learns appropriate research methods.
The MBA Dissertation
The concluding element of the MBA programme is choosing a research topic, applying suitable research methods in an organizational context and then analysing and reporting on the results in a dissertation of between 12 000 to 15 000 words.
The research project and its dissertation aim to identify and explore a significant management issue while also meeting personal career aims, academic standards and in many instances organisational objectives.
The dissertation is likely to focus on one of the following:
- Identification and research of a business or management issue of interest or value to students in their careers.
- An organisation-based project, generally with the student’s employer.
- The investigation of a business concept, which could lead to self-employment or a business start-up
Various opportunities for organisation-based projects may arise out of the RBS range of networks and relationships with external stakeholders.
Once the research proposal has been submitted and approved, a research supervisor is allocated to the student. The supervisor will be a specialist in the field of study which the student wishes to investigate and will provide assistance during the dissertation writing process.
In addition, the research department and library will be available for help with sourcing material required for writing up the dissertation. Research clinics are also held regularly to aid progress and help overcome obstacles en route to successful completion. Such thorough dissertation support enables the student to work conscientiously, give of her/his best and complete the dissertation in the allocated time.
“The RBS MBA degree provided me with the necessary skills required for different aspects of business. It provided the appropriate platform from which to successfully lead and manage the business I am involved with. It has become the cornerstone for my future.”
The level of attainment required for entry into this programme is:
- an appropriate Honours Degree or equivalent qualification OR;
- an appropriate Postgraduate Diploma or equivalent qualification OR;
- a professional Bachelor’s degree at NQF level 8 (480 credits)
In addition to this the applicant must:
- be 25 years of age or older and;
- have at least three years of working experience
In keeping with the national imperatives of widening access and inline with REGENT’s mission, a maximum of 10% of the cohort may be admitted via the alternate admissions route of RPL.