Business Administration, International Business Concentration (M.B.A.) - Graduate - 2011 University Catalog

You are viewing the 2011 University Catalog. Please see the newest version of the University Catalog for the most current version of this program's requirements.

Attention prospective students: The School of Business at Montclair State University is proud to launch a new innovative market-centric MBA program. All students matriculating as of Spring 2012 will follow the new MBA Program. As a prospective MBA student, please click here to view the features of the new program and the list of courses.

Students matriculating in the MBA program prior to Spring 2012 should follow the program below.

The goal of the MBA Program is to combine conceptual approaches to business with practical application in order to give students needed skills to prepare them for today's global economy. Montclair State graduates are well-rounded, self-motivated and employed in many of the best companies in the region. Equipped with an education built upon standards of excellence, alumni enjoy tremendous opportunities for a rich and rewarding career.

The curriculum stresses the conceptual foundations of business disciplines and current managerial practices. This blend of theory and practice builds a strong foundation for immediate practical application as well as post-graduate professional growth.

The Montclair MBA provides individuals the opportunity to design unique programs to meet their specific needs and interests. Students may choose to concentrate in one of seven areas or they may select from an array of courses that provide a broad education. Full-time faculty with doctoral teach 95 percent of MBA classes. The remaining classes are taught by persons with outstanding professional credentials.

The School of Business Administration invites applications from persons with baccalaureate or post-baccalaureate degrees. Because we actively seek a diverse student body, all previous academic majors are considered for admission. Both full-and part-time students are welcome. Courses are offered in the late afternoon, evenings and Saturdays.

ADMISSIONS

Candidates must submit an application for graduate admission which includes:

  • One official copy of the academic transcript from each college and/or university attended.
  • Scores from the Graduate Management Admission Test.
  • A statement of professional objectives.
  • Two letters of recommendation from persons qualified to evaluate the applicant's promise of academic achievement and potential for professional growth.
  • A non-refundable fee of $60.00 must accompany each application.

Although prior work experience is not an admission requirement, it is strongly recommended for all MBA applicants.  APPLICATIONS MAY BE SUBMITTED AT ANY TIME OF THE YEAR.  The GMAT is required of all students. No application will be considered without these scores.

Through prior academic experience, challenge examinations and/or graduate level transfer credits, the 48 semester hour MBA requirement may be reduced by a maximum of 15 semester hours. The remaining 33 semester hours must be completed at Montclair State University and must meet the following minimum requirements:

  • All advanced courses must be taken and completed at Montclair State University.

INTERNATIONAL BUSINESS CONCENTRATION

Complete 48 semester hours including the following 5 requirement(s):

  1. MANAGERIAL DECISION MAKING

    Complete 3 courses:

    ECON 501 Economic Analysis 3
    INFO 501 Statistical Methods 3
    INFO 503 Information Systems 3

  2. FUNCTIONAL CORE

    Complete 5 courses:

    ACCT 501 Financial Accounting 3
    FINC 501 Corporate Financial Management 3
    INFO 505 Production/Operations Management 3
    MGMT 505 Management Process and Organizational Behavior 3
    MKTG 501 Marketing Management 3

  3. MANAGING THE BUSINESS ENVIRONMENT

    Complete 3 courses: (The MBA Director may authorize substitute electives if eligible).

    ACCT 502 Managerial Accounting 3
    ECON 505 Aggregate Economics 3
    INBS 501 International Business: Concepts and Issues 3

  4. INTERNATIONAL BUSINESS CONCENTRATION

    Complete a total of 9 semester hours from the following:

    1.  

      INBS 550 International Business Study Abroad 3
      INBS 556 Doing Business in Asia 3
      INBS 575 Independent Study in International Business 3
      INBS 577 Selected Topics in International Business 1-3
      INBS 593 International Market Entry Strategies 3

    2. 1 course from the following list may be taken.

      INBS 511 Global Business Endeavors 3
      MGMT 511 Global Business Endeavors 3

    3. 1 course from the following list may be taken.

      INBS 520 Managing The Global Workforce 3
      MGMT 520 Managing The Global Workforce 3

    4. 1 course from the following list may be taken.

      INBS 530 Export Management 3
      MKTG 530 Export Management 3

    5. 1 course from the following list may be taken.

      ECON 533 Corporations and International Financial Markets 3
      FINC 533 Corportations and International Financial Markets 3
      INBS 533 Corporations and International Financial Markets 3

    6. 1 course from the following list may be taken.

      ACCT 540 International Accounting and Auditing 3
      INBS 540 International Accounting and Auditing 3

    7. 1 course from the following list may be taken.

      FINC 552 International Financial Policy 3
      INBS 552 International Financial Policy 3

    8. 1 course from the following list may be taken.

      INBS 592 International Marketing Management 3
      MKTG 592 International Marketing Management 3

  5. STRATEGY & LEADERSHIP: CAPSTONE COURSES

    Complete 2 courses:

    MGMT 513 Leadership and Behavior 3
    MGMT 580 Advanced Strategic Management 3

Course Descriptions:

ACCT501: Financial Accounting

A study of basic accounting concepts and their significance to the financial analyst and manager. Problems relating to income determination, valuation, reporting and analysis are stressed. Alternative conceptual foundations of reporting standards are presented and evaluated. (3 hours lecture.) 3 sh.

Prerequisites: M.B.A. degree students, M.A. Fine Arts majors with concentration in Museum Management or M.A. Theatre majors with concentration in Arts Management only.

ACCT502: Managerial Accounting

This course examines the development of theory, concepts and practices of providing information for use within the organization. Cost concepts and classifications schemes, the use of accounting information for internal decision making, static and flexible budgeting for managerial control and activity based costing techniques are among the topics covered. (3 hours lecture.) 3 sh.

Prerequisites: ACCT 501, MBA degree students only, not open to any student with an undergraduate accounting degree.

ACCT540: International Accounting and Auditing

This course deals with the measurement of operating results and financial position of multinational corporations involving transactions with foreign currencies. It focuses on the system of foreign exchange markets and the transaction gains or losses due to changes in foreign exchange rates. It teaches the techniques of foreign currency translations. It concerns the foreign exchange risk management in hedging activities. The course specifically investigates the risk aversion tool of forward exchange contracts. It also explores international accounting standards and accounting systems in other countries and the current developments in the harmonization process. Finally the course will focus on the role of internal and external auditing in the international context. Cross listed with International Business INBS 540. (3 hours lecture.) 3 sh.

Prerequisites: ACCT 501 and ACCT 502; or undergraduate degree with concentration in Accounting; M.B.A. or M.S. in Accounting degree students only.

ECON501: Economic Analysis

The resource allocation and distribution of income implications of a market-oriented economy operating under various degrees of competition. Also analyzed are the determinants of consumer and market demand and the theoretical cost structure of firms. (3 hours lecture.) 3 sh.

Prerequisites: M.B.A. degree students, M.A. Environmental Studies majors with concentration in Environmental Management (ESEM), Doctor of Environmental Management (ENVM) students; or M.B.A. Director approval.

ECON505: Aggregate Economics

This course develops contemporary macroeconomic theories to explain aggregate employment, national income and the levels of interest rates and prices. Along with developing various models the course examines current research and reviews the economy's recent macroeconomic performance. (3 hours lecture.) 3 sh.

Prerequisites: M.B.A. degree students, M.A. Environmental Studies majors with concentration in Environmental Management (ESEM), Doctor of Environmental Management (ENVM) students; or M.B.A. Director approval.

ECON533: Corporations and International Financial Markets

Discusses the economic theories and problems which confront business institutions when dealing in international financial markets. Analyzes the various market instruments and how a corporation may use them. Cross listed with FINC 533 and International Business INBS 533. (3 hours lecture.) 3 sh.

Prerequisites: ECON 501. MBA degree students only.

FINC501: Corporate Financial Management

An introductory course in corporate financial management which provides students with an understanding of the fundamental concepts of modern finance from an analytical and quantitative perspective and serves as a foundation course for further work in finance. The course stresses: valuation; capital budgeting decisions; capital structure and dividend decisions. (3 hours lecture.) 3 sh.

Prerequisites: ACCT 501, and ECON 501, and INFO 501; major within the School of Business; M.B.A. degree students only.

FINC533: Corportations and International Financial Markets

Discusses the economic theories and problems which confront business institutions when dealing in international financial markets. Analyzes the various market instruments and how a corporation may use them. Cross listed with ECON 533 and International Business, INBS 533. (3 hours lecture.) 3 sh.

Prerequisites: ECON 501. MBA degree students only.

FINC552: International Financial Policy

Analytically oriented introduction to the political, economic, operational and tax environment in which international business, particularly multinational corporations, functions. Stressing methods of analysis, which enable defensive strategies against risk, the course is comprised of five major units: Political and country risk; foreign exchange risk; long-run investments and financing; working capital management; and control performance evaluation and tax planning. Cross listed with International Business, INBS 552. (3 hours lecture.) 3 sh.

Prerequisites: FINC 501. MBA degree students only.

INBS501: International Business: Concepts and Issues

This course offers students an in-depth introduction to international business concepts and issues in addition to exposure to the fundamentals of international business, students will become aware of the dynamics of global business environment, international competition in both the domestic and foreign markets as well as strategic issues in international business management and operations. The course adopts a critical approach; it presents both sides of an international business issue. Greater emphasis will be placed on managerial implications of information presented in the course. The course also includes discussion of ethics and social responsibility in the conduct of international business. (3 hours lecture.) 3 sh.

Prerequisites: ECON 501; M.B.A. degree students only.

INBS511: Global Business Endeavors

This course offers an in-depth analysis of critical components of global business management. It examines the challenges of the changing international competitive environment, as well as the political, economic, and legal influences on global corporate leadership. This course will help students outline multinational business strategies, understand internationalization process, and develop analytical skills necessary to succeed in dynamic global business activities. Cross listed with MGMT 511. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501. MBA degree students only.

INBS520: Managing The Global Workforce

The objective of this course is to increase knowledge about managing a global workforce. The course provides a framework for understanding how individual, group, and organization factors impact global businesses and how organizations respond to them. Some focus will be placed on understanding cross-cultural issues within this context. Practical application, case analysis and effective management practices of international companies are emphasized. Cross listed with Management, MGMT 520. (3 hours lecture.) 3 sh.

Prerequisites: MGMT 505. MBA degree students only.

INBS530: Export Management

To familiarize MBA students of export policies, programs and procedures and develop export/import management skills. The students will become knowledgeable about global sourcing, negotiation, pricing, export/import financing, documentation, international tenders and bidding, logistics and distribution. Cross listed with Marketing, MKTG 530. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501. MBA degree students only.

INBS533: Corporations and International Financial Markets

Discusses the economic theories and problems which confront business institutions when dealing in international financial markets. Analyzes the various market instruments and how a corporation may use them. Cross listed with Economics and Finance, ECON 533 and FINC 533. (3 hours lecture.) 3 sh.

Prerequisites: ECON 501. MBA degree students only.

INBS540: International Accounting and Auditing

This course deals with the measurement of operating results and financial position of multinational corporations involving transactions with foreign currencies. It focuses on the system of foreign exchange markets and the transaction gains or losses due to changes in foreign exchange rates. It teaches the techniques of foreign currency translations. It concerns the foreign exchange risk management in hedging activities. The course specifically investigates the risk aversion tool of forward exchange contracts. It also explores international accounting standards and accounting systems in other countries and the current developments in the harmonization process. Finally, the course will focus on the role of internal and external auditing in the international context. Cross listed with Accounting, Law and Taxation, ACCT 540. (3 hours lecture.) 3 sh.

Prerequisites: ACCT 501 and ACCT 502, MBA degree students only.

INBS550: International Business Study Abroad

This course is designed to prepare students to succeed in the global business environment by providing direct contact with foreign firms and governmental agencies through an international travel experience. Students will have a focused encounter with managers and markets outside the U.S., enabling practice of inter-cultural and inter-personal skills in foreign settings and the consideration of alternative business norms. Examination of personnel practices, financial/accounting, retail, promotional, and marketing situations will enlarge perceptions of global business realities. Students will assimilate their travel encounters abroad through selected readings, cases, video tapes, and group discussions. May be repeated once for a maximum of 6.0 credits. () 3 sh.

Prerequisites: INBS 501 and departmental approval. MBA degree students only.

INBS552: International Financial Policy

Analytically oriented introduction to the political, economic, operational and tax environment in which international business, particularly multinational corporations, functions. Stressing methods of analysis which enable defensive strategies against risk; the course is comprised of five major units: political and country risk; foreign exchange risk; long-run investments and financing; working capital management; and control performance evaluation and tax planning. Cross listed with Economics and Finance, FINC 552. (3 hours lecture.) 3 sh.

Prerequisites: FINC 501. MBA degree students only.

INBS556: Doing Business in Asia

This course provides an in-depth study of how Asia is changing the nature of global competition among multinational corporations. It focuses on critical country-specific issues related to doing business in Asian countries. These issues include cultural influence, strategic choices of foreign entry mode and timing, comparative management, local competition analysis, and practices of multinational corporations in this region. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501. MBA degree students only.

INBS575: Independent Study in International Business

Under faculty guidance and supervision, this tutorial course is open to students who wish to pursue individual study and research in international business. Written permission of the instructor, appropriate department chair, and the MBA director must be secured prior to enrolling in this course. May be repeated once for a maximum of 6.0 credits. () 3 sh.

Prerequisites: Departmental approval; INBS 501. MBA degree students only.

INBS577: Selected Topics in International Business

An in-depth study of a selected topic, issue, problem or trend in international business. The specific subject matter is not offered as an existing regular course or deserves more time-emphasis than is possible in a regular course. When offered, topics and prerequisites are announced in the course schedule book. May be repeated once for a maximum of 6.0 credits. (1 - 3 hours lecture.) 1 - 3 sh.

Prerequisites: Departmental approval; INBS 501. MBA degree students only.

INBS592: International Marketing Management

This course is designed to aid students to plan and implement international marketing efforts in conjunction with global business strategy. The course will review processes of analyzing, developing, and implemeting strategic marketing objectives within an international context that is now characterized by global sourcing, international alliances, highly competitive markets, regional trade areas, and multinational firms with diminishing connection to their country of origin. Students will practice analytic techniques through research, readings, and case analyses, advancing their conceptual understanding of such issues as competitiveness, regional business clusters, and local sources of advantage. Students will learn to re-think assumptions about marketing mix factors as they apply in different cultural, political, economic, and legal environments. Cross listed with MKTG 592. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501 or MKTG 501. MBA degree students only.

INBS593: International Market Entry Strategies

This course examines the concepts and tools for formulating and executing international market entry strategies that lead to sustainable presence in a foreign market. It presents an analytical framework that highlights critical elements of an international market entry strategy and their interrelationships. The principal empahsis is on identifying and evaluting opportunities in foreign markets, selecting product candidates and target markets, choosing the appropriate entry mode, and crafting an effective foreign market entry plan. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501. MBA degree students only.

INFO501: Statistical Methods

Introduction to statistical techniques with applications in business decision making and problem solving. Topics include methods of descriptive data analysis, probability and probability distributions, methods of inferential data analysis including estimation and hypothesis testing and an introduction to experimental design principles, correlation, regression model building and an introduction to time series forecasting. (3 hours lecture.) 3 sh.

Prerequisites: Course in undergraduate calculus; M.B.A. degree students only.

INFO503: Information Systems

Examines the information requirements of an organization. The differences in the kinds of information needed at the various organizational levels (operational, administrative and strategic) are emphasized. How to plan and implement a comprehensive information system is discussed as well as methods to measure its effectiveness. (3 hours lecture.) 3 sh.

Prerequisites: M.B.A. degree students only.

INFO505: Production/Operations Management

Emphasizes human and mechanical productivity in planning a comprehensive and effective production or operations system. Employs a case approach to the study, formulation, and solution of business problems through the application of managerial, quantitative and information systems methodology. (3 hours lecture.) 3 sh.

Prerequisites: INFO 501, 503, MGMT 505; M.B.A. degree students only.

MGMT505: Management Process and Organizational Behavior

Review of classical and modern approaches to the managerial process as it relates to the manager's functions of planning, organizing, staffing, leading, and controlling. These reviews will be tied to the open-system model and the contingency approach as an overall framework for understanding the management of organizations. (3 hours lecture.) 3 sh.

Prerequisites: Only M.B.A.and D.Env.M.students, M.A.Fine Arts majors with concentration in Museum Management (FAMM) or M.A.Theatre majors with concentration in Arts Management (THAM).

MGMT511: Global Business Endeavors

This course offers an in-depth analysis of critical components of global business management. It examines the challenges of the changing international competitive environment, as well as the political, economic, and legal influences on global corporate leadership. This course will help students outline multinational business strategies, understand internationalization process, and develop analytical skills necessary to succeed in dynamic global business activities. Cross listed with INBS 511. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501. MBA degree students only.

MGMT513: Leadership and Behavior

The purpose of the course is to help students understand leadership behavior. The course reviews current theoretical and empirical literature from the behavioral sciences as it relates to leadership. Topics covered include leadership styles, power and leadership, leader-follower interactions, and the manager as leader. (3 hours lecture.) 3 sh.

Prerequisites: ACCT 502, INBS 501, ECON 505, FINC 501, INFO 505, MKTG 501, INFO 501, INFO 503 and MGMT 505. MBA degree students only.

MGMT520: Managing The Global Workforce

The objective of the course is to increase knowledge about managing a global workforce. The course provides a framework for understanding how individual, group and organization factors impact global businesses and how organizations respond to them. Some focus will be placed on understanding cross-cultural issues within this context. Practical application, case analysis, and effective management practices of international companies are emphasized. Cross listed with International Business, INBS 520. (3 hours lecture.) 3 sh.

Prerequisites: MGMT 505. MBA degree students only.

MGMT580: Advanced Strategic Management

The focus of this course is on actual business situations and their impact on the total organization including the role of top management in dealing with these problems. The structure of the course is based on the strategic management process which includes identification, evaluation, and implementation of policy and strategy. (3 hours lecture.) 3 sh.

Prerequisites: ACCT 502, INBS 501, ECON 505, FINC 501, INFO 505, MKTG 501, INFO 501, INFO 503 and MGMT 505. MBA degree students only.

MKTG501: Marketing Management

This business core requirement assumes little or no prior formal education in the discipline of marketing. As such, a solid introduction to the language of the discipline, body of knowledge, tools and techniques must necessarily be covered through a text and readings format supplemented with class lectures which are grounded in heavy case analysis and real-world illustrations. The pivotal distinctiveness of this graduate offering lies in drawing the student into issues that are industry and company specific (preferably drawn from the student's career related industry/company). (3 hours lecture.) 3 sh.

Prerequisites: M.B.A.degree students, M.A.Fine Arts majors with concentration in Museum Management (FAMM), or M.A.Theatre majors with concentration in Arts Management (THAM)only.

MKTG530: Export Management

To familiarize MBA students of export policies, programs and procedures and develop export/import management skills. The students will become knowledgeable about global sourcing, negotiation, pricing, export/import financing, documentation, international tenders and bidding, logistics and distribution. Cross-listed with International Business INBS 530 (3 hours lecture.) 3 sh.

Prerequisites: INBS 501. MBA degree students only.

MKTG592: International Marketing Management

This course is designed to aid students to plan and implement international marketing efforts in conjunction with global business strategy. The course will review processes of analyzing, developing, and implementing strategic marketing objectives within an international context that is now characterized by global sourcing, international alliances, highly competitive markets, regional trade areas, and multinational firms with diminishing connection to their country of origin. Students will practice analytic techniques through research, readings, and case analysis, advancing their conceptual understanding of such issues as competitiveness, regional business clusters, and local sources of advantage. Students will learn to re-think assumptions about marketing mix factors as they apply in different cultural, political, economic, and legal environments. Cross listed with International Business INBS 592. (3 hours lecture.) 3 sh.

Prerequisites: INBS 501 or MKTG 501. MBA degree students only.

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