Cross Cultural Communication and Negotiations
In this course, students adopt and apply meeting and negotiation skills in a cross-cultural setting in a hands-on way. Meeting simulations require students to work out an agenda, employ various language strategies to chair meetings as well as to successfully participate and get their message across to reach a mutually satifsfying outcome. Diplomatic language is practiced in written communication with partners in and outside Europe to aid students’ future careers.
Students further expand their knowledge in a foreign language (French, Italian, Spanish, Russian, Chinese). The students apply language skills to freely discuss topics in class.
Legal principles of annual statements (UGB), long term assets, depreciation, calculation of goods and materials employed, valuation of claims and liablilties, accruals and deferrals, reserves, balance sheet analysis
Introduction to corporate law; establishment of corporations and associations; liability issues.
International Financial Reporting Standards
Introduction to International Accounting and the ability to make the judgements that are necessary to apply principle-based accounting standards.
Topics: Introduction to Microeconomics; polypoly; monopoly, Introduction to game theory; competition strategies in different types of market (product differentiation, price discrimination, cartel formation, collusion).
The course deals with the interaction between Market and business. Topics are the behavior of companies in polypoly, monopoly and oligopoly. Students are able to recognize and understand major microeconomic models and to apply them to given basic economic phenomena. In addition, students learn the most important concepts of game theory and apply them in simple examples. Students can derive competitive decision making in different market forms (such as product differentiation, price discrimination, cartel formation, collusion).
Private business law, especially contract law, licenses, general terms and conditions and other specifics of contract law
International Market Entry Strategies
This course enables students to understand and assess the opportunities and risks of international business. Students gain insight into the determinants of entrepreneurial decisions in international business, including political, social, economic, legal and cultural aspects. Different market entry strategies, such as export, franchising, joint ventures, M&A etc. are discussed.
International Service and Experiential Marketing
The global economy is dominated by services. Due to their many characteristics, services require a different approach to marketing strategy than traditional manufacturing. This course builds on the basic marketing courses and adapts the classical marketing tools to the requirements of service companies. Additionally, further concepts and tools that can be profitably applied in the service sector will be presented. Since the processes and departments in service companies are more closely interlinked than in other companies, aspects of service management that go beyond marketing are also discussed and the increasing importance of expert marketing as a tool of customer education is addressed.
Process and Operations Management
This course focuses on fundamental methods of planning, analyzing, optimizing and illustrating processes, as well as the integration and importance of business processes in the organisation. The methods and tools necessary for this course will be illustrated with the help of practical examples.
The methods and tools necessary for this course will be illustrated with the help of practical examples. Finally, the different types of project organisations and the management of project monitoring and controlling will also be addressed in this course. This course aims at familiarizing students with the basic conditions of team work. Students should become aware of potential barriers and impediments to teamwork and get to know different tools of conflict management in order to accommodate the interests and needs of all team members.
Corporate Finance & Risk Management
The aim of this course is to deepen the student’s understanding of corporate finance in connection with global financial markets. The course will have two main focuses. The first is in the area of cost of capital, sources of financing and the use of financial resources. The second is on currency risks, interest rate risks, commodity price risks and country risks in entrepreneurial decisions, as well as risk hedging through hedging instruments such as spots, futures, forwards, swaps and/or options.
Principles of Reporting with IT
Requirement for this course are the Excel contents of “Principles of Financing & IT Integration”. The aim of this course is to deepen the knowledge of using spreadsheet programms such as MS EXCEL as a reporting tool in companys. Therefore captured, calculated and/or importet data will be analysed and/or aggregated to generate ad-hoc reports.
