Mini MBA

MODULES

  • Program duration:
    6 months
  • Acquired certificate:
    Mini MBA certificate
  • Total hours of training:
    100 contact study hours + group mentoring + individual mentoring

Jan 23 STRATEGIC PLANNING FOR THE AGILE ENTERPRISE Greg Fisher Mini MBA 1
Jan 24 PROBLEM SOLVING AND CREATIVITY Robert Kopal Mini MBA 1
Feb 19 ENTREPRENEURSHIP, CORPORATE AND OPEN INNOVATION Bruce Watley Mini MBA 1
Feb 20 SHARED ECONOMY AND TECH SUPPORTED BUSINESS MODELS Leo Mršić Mini MBA 1
Mar 13 OPTIMIZING BUSINESS AND FINDING NEW GROWTH OPPORTUNITIES Rhonda Lummus Mini MBA 1
Mar 14 DATA DRIVEN DECISION-MAKING USING QUANTITATIVE METHODS Bob Jacobs Mini MBA 1
Apr 24 MANAGING AND LEADING PEOPLE IN GLOBAL ENVIRONMENT Keith Dayton Mini MBA 1 / 2
Apr 25 MANAGING PROJECTS IN RAPIDLY CHANGING ENVIRONMENT Marko Šimac Mini MBA 1
May 13 DIGITAL TRANSFORMATION Šiber Makar/Kulenović Mini MBA 1
May 14 FINANCIAL PLANNING AND FEASIBILITY OF DEVELOPMENT PROJECTS Joe Fitter Mini MBA 1 / 2
Jun 12 Team Project submition

Module 1 – Strategic Planning For The Agile Enterprise (Greg Fisher, PhD)

This module is oriented towards strategic analysis and organizational positioning of contemporary businesses in the accelerating era of digital economy and 4th industrial revolution. It combines selected tools and methodologies of classic strategic management approach and translates them into the digital economy business principles and practices.

Topics:

  • fundamentals of strategic management process
  • identification of organizational critical success factors
  • analysis of competing business environment
  • business portfolio analysis
  • digital and innovative industry attractiveness analysis
  • wrapping up strategic analysis and future positioning

Personal development plan: Strategically direction your organization

Design an organizational digital market Strategic positioning map using selected and appropriate methodologies. Such map shell direction your organization towards exploring new business opportunities in the era of 4th industrial revolution.

Module 2 – Problem Solving and Creativity (Robert Kopal, PhD)

The research shows that we tend to have a poor understanding of logic and of the basic principles of probability necessary for good decision-making, and that our reasoning tends to be flawed in predictable ways that reflect the influence of fallacies, biases, and mental shortcuts. It also shows that we tend to be overconfident in our own levels of knowledge and reasoning ability, and that we tend to have a poor awareness of our own reasoning processes.

Themes:

  • Problem-solving techniques: probability, utility, pondering
  • Creativity; obstacles and blockages of creativity.
  • Taxonomy of creative thinking technique.
  • Synergic effect of intuition and structure in decision making

Game Theory in business environment – workshop

Game theory is the mathematical modelling of strategic interaction among rational (and irrational) agents. By applying game theory, you will maximize your business results in case of victory, and minimize the loss in case of defeat. Sometimes in challenging business situations skills and knowledge is not enough to win, you need to play the game. Game theory can be directly applied in areas of negotiation, such as contract theory and indirectly applied in practical pursuits such as engineering, information technology and computer science.

Module 3 – Entrepreneurship, Corporate And Open Innovation (Bruce Watley, PhD)

The organizational entrepreneurship is the newest strategy for innovative development in organizations. This module will assist students in thinking through an entrepreneurial and innovation strategy with alternative business models, clearly understanding the venture’s competitive advantage, and how an entrepreneur should leverage it for growth.

As a result of taking the course, students will become more acquainted and learn how to deal with the contemporary trends and expectations they face in the modern business environment.

Themes:

  • Entrepreneurial strategy
  • VRIO analysis: Competitive Advantage
  • Theory of your firm (e.g., foresight, cross-sight, insight)
  • Technology, Markets, and Organizational Structure
  • Innovation Frameworks
  • Organizational Learning Developing & Training Innovative People
  • Root cause analysis: The five whys
  • Impact & Feasibility Analysis
  • Implementation Plan


Project Teamwork: Start with where you are now and reach your goals
 

The pitch and corresponding materials are critical when an entrepreneurs is considering various ways to finance the venture (e.g., angel investors, venture capital, business loans, etc.). Students will learn the importance of creating, developing, and presenting a pitch deck modelled off of their business plan – tailored to a specific audience.

Module 4 – Shared Economy and Tech Supported Business Models  (Blockchain, Smart contracts, BI and Advanced Visualization) (Leo Mršić, PhD)

Module will provide overview of digital technologies like mobile, cloud, analytics and big data, internet of things, blockchain, software intelligence, artificial intelligence and more importantly the way they are being used in digital business models and the way they can improve digital business processes.

Time to play hard on data. Let us push modern visualization tools to limits and create our story. We will talk about smart contracts and future-to-be cases like Swedish blockchain powered land registry estimated for 2019 or Estonian digital voter solution estimated for 2020 and how to recognize these tectonic shifts that will shape our business in years to come, changing business landscape from classical to shared economy.

Themes:

  • IT system monetization strategies
  • Data Driven Management
  • Applied analytics and modern data visualization
  • Technology supported shared economy
  • Smart contracts and blockchain

Module 5 – Optimizing business and finding new growth opportunities within (Rhonda Lummus, PhD)

Business operations, for any company, can always be improved and supported by more technology, to provide additional value to customers. For a middle sized corporation, honing effectiveness and efficiency is critical. You need all available resources to hit the next stage of growth and be able to manage competition from much bigger organizations. Even if you run big international firm, you still might find that you cannot really compete with companies such as Zara or Amazon, exploiting their operations to change areas in which industry used to compete (speed of business iterations, price, understanding customer needs, and others).

Themes:

  • Project Teamwork: Use technology to create value withinOperations and supply chain management
  • Value creation through operations
  • Operations strategy, competitive dimensions and trade-offs
  • Process mapping, value stream mapping, supply chain maps
  • Decision trees
  • Introduction to queuing
  • Inventory management
  • Managing customer and supplier relationships.

Using Operations and supply chain technologies to analyse the impact of changes in business environment, exploring supply chain models and network flow to find places to create new value for customers and companies, starting from within.

Module 6 – Data driven decision-making using quantitative methods (prof. Bob Jacobs, PhD)

Application of Quantitative methods is a process where data is transformed into actions through analysis and insights in the context of organizational decision making and problem solving. This approach is mostly neglected in less developed economies, while SP 500 companies increase significantly their EBITDA margin and overall value by using them in everyday business analysis and decision making processes, leaving thus less money on the table (to competitors and customers).

Themes:

  • Descriptive statistics and categorizing data
  • Constructing and using Pivot Tables for data visualization
  • Techniques for time series forecasting
  • Regression analysis and problems
  • Analysing datasets
  • Process alternatives
  • The break-even decision model
  • Testing the decision support system

Project Teamwork: From data to business insight

While some remain suspicious of “data”— that catchall for everything from focus group research to social media analytics to campaign metrics, all mucking up the organic process—brands and their creative teams are finding that data is a must-have element of the work and essential in unbiased and optimal decision-making.

Module 7 – Managing and Leading People in Global Environment (Keith Dayton, PhD)

You will evaluate and critically interpret functions, models, methods and programs of human resource management/leadership in business practice, with emphasis on those focused on employee behaviour.

You will also evaluate external and internal sources of acquiring human resources and define assess, and implement work analysis process in the global settings.

Topics:

  • Recruitment, selection, preparation and deployment of human resources
  • Importance of external and organizational environment.
  • Evaluation and assessment of qualified employees
  • Continuing education of managers and leaders
  • Globalization and improvement of competitiveness.
  • Personal evaluation and assessment.
  • Motivational Theory

Personal development plan: Embrace your Strengths (Keith Dayton, PhD)

Design a Personal Development Plan that leads to lasting professional results by using tools and applications. Check your development with your mentor.

Module 8 – Managing projects in rapidly changing environment (prof. Marko Šimac)

Rapidly changing environments are a newly recognized and increasing challenge in the field of project management. Traditional prescriptive approaches, orientated around process control, are considered suboptimal in meeting this challenge.

Themes:

  • Iterative and adaptive methods and approaches
  • Global trends and methodologies in PM
  • Consistency of execution across an organization
  • A framework for Project Managers
  • Plan, but expect the unexpected
  • Scale activities up or down to suit real project needs
  • Risk and uncertainty

Project Teamwork: From Failure to successful Launch with iterative (lean) Project Planning

In this module, you will identify the project management approaches used by experienced practitioners to respond to rapidly changing environments.

Module 9 – Digital transformation (Katarina Šiber Makar, PhD and Senad Kulenović)

Module will provide overview of digital economy driven customer expectations and needs, like contextualized interactions, personalized services, seamless experience across channels (omni-channel), transparency, constant availability, peer reviews and advocacy and ways to address those with innovative digital business models. Using one of the transformation frameworks, module will dive deeper into customer experience, operations and IT aspects of existing business (using pre-prepared cases and scenarios), in order to establish and quantify digital maturity of specific groups of processes / systems.

Through benchmarking with competition and assessment of business impact of each of recognized processes, prioritization of their transformation will be determined, serving as a starting point for setting up DT projects. Knowledge from this module will be also essential for individual student project, where each of the students will be tasked to apply framework, asses current state of play and setup DT projects for his / hers company.

Digital transformation (DT) is not about automation and digitization of existing business processes, it is rather creation of innovative, digitally supported processes and thus new business and operational models (within existing environment).

Themes:

  • Customer experience
  • Reinventing business models
  • HR role in digital transformation
  • Most common Digital transformation misconceptions
  • Digital transformation Frameworks and their use
  • Digital maturity assessment
  • Crafting the vision
  • Designing organizational setup to support DT
  • Translating vision into action (setting up DT projects)
  • Funding digital transformation
  • Innovation frameworks

Project Teamwork: What it takes to make it successful in the evolving business landscape

We know that Digital is changing the way we do business and that we need to change our business models and processes. Where to start? How to prioritize? This session will provide insights into focus areas of Digital Transformation and hands on experience.

Module 10 – Financial planning and feasibility of development projects (Joe Fitter, PhD)

You will learn the cost/benefits analysis of the project, helping organizations determine the viability, cost, and benefits associated with a project before financial resources are allocated.

Plan for new projects using a driver based planning framework

Themes:

  • Prioritize and approve necessary projects based on long-term financial goals and financial KPIs
  • Forecast the financial implications of on-going projects to help drive project change decisions

Project Teamwork: Is it worth investing?

It also serves as an independent project assessment and enhances project credibility—helping decision makers determine the positive economic benefits to the organization that the proposed project will provide.

Notes:

Requirements for organization and implementation of teaching program

If a U.S. lecturer is engaged, the available dates are exclusively during the week when the lecturer does not deliver the MBA program.

The Mini MBA program is organized at the campus of the Algebra University College (the Steve Jobs Auditorium is generally available Monday to Thursday. The second option is within AlgebraLAB). Each session includes at least one framework for practical application of acquired knowledge and/or case.

Students are evaluated through practical teamwork and independent work.

The Mini MBA program students can take part in all events attended by students of regular   eLeadership MBA program.

Defining program contents

If a company selects the full program for its employees, the listed topics can be tailored to the needs of the company and key desirable outcomes, in accordance with the prior knowledge of the students. Through a customized approach to the group and individual, program contents can be modified and/or further study or research recommended to those who wish to learn more. A tailored program can differ in price depending on the lecturer, duration and organization requirements.

As a rule, all proposed dates are fixed, but adjustments can be made in the event of recruitment of Croatian lecturers.

Course directors

The program is delivered by the faculty and associates of the Algebra University College and lecturers from the Kelley School of Business at Indiana University, one of the best in the world, boasting a 107-year-old tradition of delivery of the MBA program.

The list of lecturers and resumes of potential lecturers is available at the web pages  of the Algebra eLeadership MBA program.

In addition to academic expertise, lecturers have a practical experience of working with companies, passion and enthusiasm, all of which ensures a successful education that is easily applicable at the workplace the very next day.

We remain at your disposal for any additional questions you may have.

Yours sincerely,

Ivana Conjar (Head of MBA Operations and Admissions)

 

 


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