Business Administration(M.Sc)

ENTRY QUALIFICATIONS

Candidates who possess the following qualifications shall be eligible for admission into the Master of Science Degree (M.Sc.) in Business Administration:

  1.  Five credit passes including English Language and Mathematics at “O” level in not more than two sittings.
  2. Graduates of Benson Idahosa University or other recognized Universities who obtained the approved degree of Bachelor of Science in Business Administration or other related discipline with at least second class honours or its equivalent.
  3. Graduates with University honours degree and appropriate postgraduate diploma in Business Administration of Benson Idahosa University or other recognized University with at least a credit pass.
  4. A Master of Business Administration (MBA) degree obtained from Benson Idahosa University or any recognised University with a minimum average score of 60%.
  5. A satisfactory performance in the Universities admission test and interview.
  6.  NYSC discharge certificate or certificate of exemption.
  7. Candidates must be God-fearing and of right moral standing in the society

DURATION OF PROGRAMME

 

  1. The duration of the Full- Time M.Sc. degree programme shall be a minimum of four semesters and a maximum of six semesters.
  2. Extension beyond the maximum period shall be with special permission of the Senate of Benson Idahosa University Benin City.

COURSE DESCRIPTION

BUS 811:    Financial Accounting for Managers 

The emphasis of this course is the use of accounting information as a tool for management decision-making. Topics include organizational goals, cost concept of planning and analytical techniques; interpretation of financial statements, performance measurement and reporting, elements of cost, budgetary and budgetary control; sources of capital, major application of accounting information in decision-making processes.

BUS 812:    Management Theory and Practice (3 Credit Units)

The aim of this course is to expose students to the theory and practice of management in contemporary organisations. The course critically analyses the different perspectives in the evolution of management, the environment of management including globalization, the internal and external strategies of coping with the environment; ethics and corporate social responsibility, decision making models, planning concepts including strategic planning and implementation, organising contemporary work systems, managing change, organisational learning, leading and teamwork; control system and the strategies of control. Students are encouraged through seminars to examine particular aspects of management/issues in the Nigerian environment.

BUS 813:    Organisational Behaviour       (3 Credit Units)                              

The course critically examines the concepts and theory. Organizations as socio-technical system; behavioural theory of the firm; inter and intra organizational conflicts and resolutions, individual change, group methods, diffusion of change within an organization and the implications of these processes for management. The relevance of foreign theories in understanding organizational behaviour and innovations theory development to incorporate our cultures.

BUS 814:    Quantitative Methods for Business (3 Credit Units)

The purpose of this course is to develop basic competence and judgement in using quantitative techniques to solve business problems. The course consists of elementary set theory including matrix operations, modelling, optimisation techniques including differential and integral calculus with business application, linear programming, mathematical programming and elements of goals  programming, probability theory; inventory models (types of inventory, measures of performance, nature of demand, constant and variable demand models, lump demand models, and uncertain demand models.)

BUS 815:    Information Technology in Business (3 Credit Units)

This course aims to develop/enhance the student’s proficiency in the application of computer to different applications with particular reference to accounting applications. The emphasis is on proficiency in the use of standard software in general business, administrative, communication, accounting, auditing and statistical applications. A deep appreciation of computer functions and capabilities in diverse areas of modern application will be stressed.

BUS 821:    Statistical Analysis for Business      (3 Credit Units)

The objective is to provide students with econometric tools that will be useful in their research efforts. The course begins with basic probability theory, descriptive data analysis, statistical inference and simple regression analysis, etc. it then moves to econometric proper including properties of estimator, test of significance test, simultaneous equations, heterosdasticity, auto-correlations, multicollinearity, identification and specification problem, distributed lag models, and the use of dummy variables and time.

BUS 822:    Strategic Human Resources Management (3 Credit Units)

This course is aimed at developing and implementing human resource strategies that are integrated with business strategies and enable the organisation to achieve its goals. The topics covered are: The conceptual framework of strategic Human resources management, the practice of strategic human resources management; its role, the impact of strategic human resources management and strategic human resource management implementation strategy, high-performance strategy, organisational development strategy, employee engagement strategy, knowledge  management strategy, employee resourcing strategy, talent management  strategy, learning and development strategy, reward strategy etc.

BUS 823:    Microeconomic (3 Credit Units)

The course is designed to acquaint the postgraduate students in the field of management with the basic concepts in Economics to enable them understand, interpret and apply some mainstream economic policies and concepts as they affect their managerial decisions.

Microeconomics covers the following topics: some mathematical preliminaries , supply, demand and equilibrium analysis, elasticity of demand and its relevance to a revenue maximizing firm, theory of production, theory of costs, profit maximization, market structure: examining firms’ behaviour under; pure competition, pure monopoly, monopolistic competition, oligopoly.

 BUS 824:    Strategic Marketing Management (3 Credit Units)

The course provides a framework for managerial choices among alternatives and signals organisational commitment to specific markets, competitive approaches and organisational external environment. It is also meant to utilize strategic approaches and portfolio analyses to evaluate marketing positioning and growth for optimizing the opportunities in chosen markets. Topics include definition of concepts of strategy, strategic management, strategic marketing, mission, vision and strategic business units. Others are development of marketing strategy- market position, market growth, strategy and marketing approach and designing marketing programmes- SWOT analysis, GE model, factor analysis and product portfolio analysis.

BUS 825:    Financial Management: (3 Credits Units)

This course focuses on the conceptual and practical problems associated with financial management of the corporate entity. It includes the integration of the firm’s current asset and liability position. Topics covered include capital budgeting, current assets and capital assets management, funds acquisition and deployment, sources of finance, inventory polices, accounts receivable and payable polices, financial and asset structures.

BUS 831:    Research Methods (3 Credit Units)

Designed to improve the ability of students to carry out empirical research and evaluate published research. Specific topics covered include the nature of scientific research, theory building and concept definition, formulating hypothesis, validity and reliability, measurement and scaling methods, concepts, and problems in data collection and sampling, criteria for causal inferences, studies and control groups, report writing, editing, footnoting etc. will also be treated.

BUS 832:    Operations Management (3 Credit Units)

This course is to provide an understanding of operations as a major functional area of business including management decisions areas in operations. The course is designed to show how operations decisions making can be improved by utilizing disciplines: behavioural, quantitative, economic and systems and to present manufacturing and service industries within a common conceptual framework. Topics include: the nature of operations: the operation function, operations strategy, product design, forecasting, process design: process selection, choice of technology, layout of facilities, capacity planning and scheduling: facilities decisions, aggregate planning, scheduling operations, planning and scheduling projects, inventory management, work force management and quality planning and control.

BUS 833:    Macroeconomic (3 Credit Units)

The course is designed to acquaint the postgraduate students in the field of management with the basic concepts in Economics to enable them understand, interpret and apply some mainstream economic policies and concepts as they affect their managerial decisions.

Macroeconomics covers the following topics: analysis of national income and national income accounting, introduction to the simple Keynesian Model, monetary policy, fiscal policy, inflation.

BUS 834:    Business Ethics and Corporate Governance (3 Credit Units)

The course introduces students to the analysis of ethical and corporate governance issues in business, surveys ethical theories and principles and develops a framework for ethical decision making. The course examines the nature of ethics, values, morality, ethical standard and the importance of business ethics.  Other topics include ethical reasoning based on utilitarian, universalism, human rights and justice theories and principles; ethical decision making models; business ethics and corporate performance; ethical dimension in international management; concept of corporate governance; roles of shareholders and management; principles of corporate governance and ethical issues in corporate governance.

BUS 860:    Thesis         (6 Credit Units)

To expose the student to analytical and continuous writing on issues that border on business.

BUS 861:    Business Policy &Strategy (3 Credit Units)       

The course aims at providing the participants an integrated view in the management of organisations and exposing them to situations requiring utilization of multidimensional approach. Care would be taken to provide them with necessary skills and attitudes for formulation and implementation of corporate basic policies and strategies in the contexts of organisational goals, opportunities and challenges.

BUS 851:    Consumer Behaviour (3 Credit Units)

The course is designed to study consumption-related decisions and the promotional influences on purchase decisions. The course aims at examining why and how individuals make purchase decisions in order to enhance strategic marketing decisions. Topics include: diversity of consumer behaviour, consumer research, market segmentation, consumer motivation, personality, perception, learning attitude, communication, personal influences. Consumer decision making, diffusion of innovations etc.

BUS 852:    Communication in Marketing (3 Credit Units)

The course is designed to enable the student appreciate the broad range of objectives of marketing communication, and recognise the elements of communication mix and understand their respective roles in the communication process. Topics covered are: the meaning and elements of communication (communication mix); the role of communication and the communication process in marketing, the elements of communication mix, advertising as an effective communication tool, publicity as communication tool, sales promotion as communication tool, personal selling as communication tool, public relations as a communication tool, internet marketing, the concept of integrated marketing communication (IMC): uses and implications for marketing managers and planners.

BUS 853:    International Marketing (3 Credit Units)

Students explore international strategies, special goals, decision making process across several countries and selection of entry strategies for foreign markets. Comparative marketing arrangements are examined. Topics cover factors, which need to be recognised by international marketing managers in analysing markets covering foreign operations, and in assessing economics, cultural and political aspects of international markets.

BUS 854:    Industrial Marketing (3 Credit Units)      

This course is aimed at equipping the student with the tools needed for marketing to non-final users including business organisations, governments, resellers and other commercial organisations. Topics covered include the nature of industrial markets and industrial products, organisational buying behaviour, models of organisational buying behaviour, measuring and assessing industrial markets, industrial market segmentation, and formulation of marketing mixes for industrial marketing. The course relies strongly on case studies.

BUS 855:    Marketing Research (3 Credit Units)

The course will attempt to develop ways of thinking, skills, and knowledge needed by managers for evaluating the adequacy of available information for decision making purposes; specifying information requirements, deciding whether attempts should be made to obtain additional information, evaluating alternative research proposals, interpreting research finding; using such findings in developing marketing plans and programmes; and evaluating the effects of marketing actions. Emphasis will be placed on the research applications of concepts, methods, and knowledge of the quantitative ad behavioural disciplines. Equal attention would be given to problems, definitions, kinds of inquiries for data gathering methods of analysis, decision theory, etc., and report writing.

BUS 861:    Linear & Dynamic Programming      (3 Credit Units)

The objective of the course is to provide a good understanding of both linear and dynamic programming and their applications. All solution options to linear programming including duality, primal and dual simplex algorithm, prima-dual algorithm, shadow prices, perturbation analysis and post optimality analysis will be shown.

For dynamic programming, students will deal with models of both deterministic and probabilistic systems, including portfolio models. Markovian decision processes will be handled. Topics to be covered include the concepts of dynamic programming, analysis of dynamic phenomena, shortest-route problem, characteristics of dynamic programming, non-linear allocation problem, stochastic time-sequential problem, sensitivity analysis and topics may be extended to include unbounded horizon optimisation.

BUS 862:    Project Analysis & Evaluation (3 Credit Units)

Topics to be covered include the definition of project within the context of programme and policy, the analysis of technical economic and commercial feasibility of public and commercial projects, public goods, externalities and incomes and income distribution. The theoretical basis of cost-benefit analysis, shadow pricing and input-output analysis measures of commercial profitability; assessing the social desirability of public and commercial projects and assessments under uncertainty.

BUS 863:    Materials Management (3 Credit Units)

The course is designed to examine all activities in the flow of materials from supplier to the consumer and how these activities affect every department in the manufacturing business. Topics include: The nature of materials management, production planning system, master scheduling, materials requirement planning, capacity management, production activity control, purchasing, forecasting, inventory management and control, physical distribution, products and process, just-in-time manufacturing  and total quality management.

BUS 864:    Applied Queuing Models (3 Credit Units)

The course will cover inventory and queuing models. Topics will include inventory models, nature of demand, constant and variable demand models, lump demand model and uncertain demand models, static and stochastic dynamic continuous/periodic review model; taxonomy of waiting line models, single and multi-server models, queue characteristics, priority rules and other service disciplines; various of distributions of inter-arrival and service times.

BUS 871:    Entrepreneurial Development (3 Credit Units) 

The course exposes students to entrepreneurial process that fosters entrepreneurial mindset and produces the skills need to generate creative ideas and transform them into viable business enterprises. Students are required to form entrepreneurial teams, to generate business ideas and produce a feasibility report/business plan suitable for presentation to venture capitalists. Topics discussed include the nature, function, types and characteristics of entrepreneurs; entrepreneurship; entrepreneurship and ethics; creativity and innovation; new venture initiation process and models of new venture initiation. Other topics are feasibility study/business planning, financing the business including bootstrap financing, venture capital; managing the growing business; negotiation and time management skills for the entrepreneur; retirement planning for the entrepreneur and succession planning.

BUS 872:    Industrial Relations (3 Credit Units)

Labour-management relations at the firm level including its evolution, characteristics and contemporary issues. Emphasis on analysis of the labour-management relationship through reference to theory and research on collective action, bargaining, behaviour and conflict resolution.

BUS 873:    Nigerian Labour Law (3 Credit Units)      

A study of the legal concepts, doctrines and laws applicable to labour, basic legal problems in the areas of labour management relations and conflicts resolutions will be examined.

BUS 874:    Rewards Management (3 Credit Units)

This course seeks to introduce students to reward strategies and practices used by Human Resource practitioners to encourage critical employee behaviours such as joining and remaining, commitment, cooperative, collaborative and innovative behaviours needed to realise performance improvements in the organisation. Topics covered include the scope of reward management; analysis of the internal and external environment  in developing reward philosophy, strategies, policies and procedures; job analysis and job evaluation techniques for achieving internally consistent reward systems; performance management; pay for performance link; individual, group and organisation-wide incentive schemes; retirement and health insurance programmes; executive pay policies; contemporary issues in reward management in Nigeria.