Master of Business Administration (MBA)

General

Program Description

Program goals:

The main goal of the Master of Business Administration (MBA) program is to provide competitive and highly-qualified Business Administration professionals equipped with modern multidisciplinary theoretical knowledge and creative and practical skills based on the requirements of international and local labor markets. The main goal of the educational program is to prepare Business Administration professionals who will be able to conduct research independently, think creatively, have deep and systematic knowledge of business administration principles and theories, do the critical analysis of organizations and the environment, assess strategic alternatives and develop and plan specific business strategies, conduct financial accounting both on the level of the whole company and the specific business process levels. Upon the completion of the program, the graduates will be able to get employed in senior management positions in banks, insurance, marketing, financial and other private and public sector organizations. They will also be able to set up companies of their own and manage them efficiently.

Methods for Attaining Learning Outcomes:

  • Lectures and seminars
  • Bookwork method
  • Explanatory method
  • Demonstration method
  • Video-audio teaching materials usage method
  • Interactive study
  • Situational problems
  • Roleplay
  • News analysis
  • Minor research
  • Practical work
  • Teamwork
  • Simulated performance
  • Problem setting and solving
  • Producing (small) more complicated research under the supervision
  • Critical analysis
  • Presentation and defense of discussion topics
  • Group assignments
  • Projects
  • Exercises on problem-solving
  • Case study
  • Literature review
  • Critical self-evaluation
  • Constructive criticism of others’ work
  • Searching for materials electronically or in library
  • Writing method
  • Essay writing
  • Presentations
  • Oral method

Knowledge and understanding

The graduate will be able to:

  • have deep and systemic knowledge of managerial aspects of economic theories and principles to make decisions in new and unforeseen circumstances;
  • have knowledge of mathematical and statistical models applicable to solve certain business administration problems related to forecasting, capacity planning, the optimization strategy
  • have a deep understanding of ethical and legal aspects of the business;
  • have deep knowledge of methods of critical analysis of organizations and environment, modern instruments of assessment and modeling of situations, methods of assessment of possibilities of organizational development;
  • have deep systemic knowledge of methodology of evaluation of strategic alternatives and competitive business strategies to develop new ideas;
  • have deep knowledge of theoretical aspects of optimization to develop new original ideas about management process of business operations
  • have deep knowledge of cost classification, decision-making problems based on relevant information, price setting strategies and budgeting
  • know the finance coefficients to evaluate a firm's performance
  • have deep knowledge about how to solve problems in the capital budgeting process and modern methods of budgeting
  • know the main principles of project management and how to use them for planning business operations
  • understand the production capacity planning, quality management, location planning and supply chain management
  • have deep systemic knowledge of the means necessary for creating a safe working environment and solving problems related to ethical issues
  • have a fundamental knowledge of the international economic relations theory and global economic events and processes that will help students identify new original ideas related to international trade
  • have an understanding of strategic, innovative, entrepreneurial, financial, international, administrative, socio-psychological, cultural, ethical and other aspects of management.

Applying knowledge

The graduate will be able to:

  • Construct economic models of behavior to solve complex business-related problems in unforeseen and multidisciplinary circumstances using specific research methods and implement them in practice
  • Have leadership skills necessary for managing, planning, organizing, motivating and controlling business processes and the human capital involved;
  • Demonstrate efficiency while working both individually and in an interdisciplinary group to address specific and complex tasks
  • Establish the investment policy of a company, create and manage an investment portfolio
  • Manage their behavior in conflict and crisis situations;
  • Develop a strategic vision, make a business plan, allocate resources and draw an operational plan;
  • Plan and implement organizational changes in order to identify new ideas and ways of solving problems
  • Conduct marketing and other research independently using modern methods and approaches;
  • Make adequate decisions in critical situations to adopt strategic plans to a changing environment;
  • Have leadership skills to promote achievement of tasks and a positive working environment.
  • Process statistical results of research and determine statistical characteristics;
  • Identify complex problems in specific and unforeseen marketing environments to search creative ways for their solution;
  • Use appropriate mathematical and statistical tools to generate new and original solutions to business problems;
  • Maintain financial accounting and compile financial reports for sector-specific economical operations;
  • Define and derive coefficients for result assessment;
  • Conduct cost accounting subject to specific business activity;
  • Prepare master and cash budget;
  • Find information on stock market instruments;
  • Manage investment projects and portfolios independently.

Making judgments

The graduate will be able to:

  • Critically analyze complex, and sometimes incomplete, quantitative and qualitative data obtained as a result of research;
  • Make well-grounded conclusion based on analysis of statistical information obtained as a result of marketing or other research;
  • Predict sales, prices, etc. based on analysis and innovative synthesis of historical statistical data;
  • Use up-to-date information to analyze the environment and market forces, assess competitors, analyze strengths, weaknesses, opportunities, and threats (SWOT) of a business;
  • Analyze financial reports and make appropriate conclusions about the financial state of a firm;
  • Make a conclusion based on the comparison of coefficients of a certain business unit with coefficients of the market, and have the competency to analyze and synthesize data;
  • Find optimal investment decisions based on the assessment of investment projects;
  • Independently analyze a specific investment climate and the main indicators of international trade to make a conclusion about the optimal exchange rate system for a particular country
  • Analyze budget and actual data and identify reasons for deviations;

Communications skills

The graduate will be able to:

  • Present their own ideas in writing, orally and with the help of technical means in a form of presentation;
  • Describe research methods, models, and assumptions, proceeding from the advantages of a selected method;
  • Prepare detailed a written report on job description using modern technology and present it the academic community.
  • Publish research papers and articles in compliance with standards and norms of academic honesty.

Learning skills

The graduate will be able to:

  • Identify his/her professional interests, comprehend peculiarities of the learning process, identify needs for perfection of knowledge which will allow him/her to independently determine in which direction to continue professional development and strategically plan his/her learning process on the next stage of research
  • Continue independent learning using professional literature, academic journals, and newspaper articles.

Values

The graduate will be able to:

  • Have liberal-democratic values expressed with respect to individuals and property;
  • Consider values related to physical and intellectual property and attitude of coworkers and partners towards them;
  • Consider personal and group responsibility issues, and the attitude of group members to the values
  • Participate in the process of forming liberal values that will shape values related to respect for private property and individuals
  • Consider the responsibility towards the society and the state, expressed in acting according to the law and norms of business ethics.

Contact person:

Mr. John Dastouri: j.dastouri@ug.edu.ge

Dr. Bahman Moghimi: B.Moghimi@ug.edu.ge

Last updated Jul 2019

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About the School

The University of Georgia is a high-ranking, largest private educational institution located in Tbilisi, Georgia, which is member of many European educational agreements and integrated systems. The de ... Read More

The University of Georgia is a high-ranking, largest private educational institution located in Tbilisi, Georgia, which is member of many European educational agreements and integrated systems. The degrees are accredited worldwide especially in EU and US and has student and professor exchange programs with more than a 100 very-known universities and scientific institutions around the world. The university has a private school from kindergarten, primary and secondary school as certified Oxford schools' member and different fields from Bachelor degree, Master and PhD in different schools of Business and Economics, Technology and Engineering, Social Science, Health and Medicine and finally School of arts and humanities with almost 9000 students from Georgia and all around the world. Read less