PDBM Learning Outcomes

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Financial Management and Management Accounting

Course overview

Managers need to be more aware than ever of the financial aspects of the organisations for which they work. Even if they do not have to manage a budget or finances themselves, they need to understand key aspects of the financials of the organisation and the impact of their actions on the financial success of the organisation.

This course provides you, the manager, with key information required to understand the financials of an organisation, focusing on what all of the financial statements of an organisation mean from a nonfinance point of view.

Learning outcomes

Upon completing this course, you should be able to:

  • Examine financial management and accounting terminology and concepts;
  • Examine key management accounting tools and techniques for:
    • Assigning product inventory and costs
    • Planning process
    • Making sound business decisions
    • Evaluating performance of business units
  • Conduct financial analysis and forecasting;
  • Manage working capital;
  • Calculate risk and return on investment;
  • Develop and successfully manage a budget, cashflow projections and variance analysis;
  • Interpret and develop financial management reports such as income and expenditure statements, budget, cashflow projection, variance analysis and balance sheet;
  • Critically assess key processes and principles of successful contracts and tender management in relation to the procurement management process;
  • Plan and align finances with departmental projects, programmes and policies;
  • Examine concepts of financial decentralisation, delegations and cost-centre development; and
  • Evaluate models to manage organisational finance management success and failure factors.

Human Resource Management

Course overview

A great human resource management team is critical to get employees orientated and productive, guiding them along career paths in tandem with their managers.

This course will equip you to manage and develop the staff in your organisation and to harness their potential and skills to the advantage of the organisation, and help monitor and manage performance.

Learning outcomes

Upon completing this course, you should be able to:

  • Critically interrogate key human resource management terminology, concepts, and definitions so as to understand the scope and framework of this science;
  • Apply human resource management as a strategic focus point of organisational success;
  • Analyse the old and new management paradigms;
  • Apply a relevant human resource model to plan for effective human resource management;
  • Review and apply key people management success and failure factors;
  • Align organisational, project team and individual objectives within the strategic framework of an organisation;
  • Relate legislation pertaining to human resource management to a specific organisational environment;
  • Develop and plan an organisational development intervention by following scientific research;
  • Conduct job evaluation, recruitment and selection within an organisational design structure;
  • Recognise the importance of succession planning and career pathing;
  • Supervise, delegate, and provide effective feedback within a specific organisational environment;
  • Be able to apply key processes and skills to conduct effective performance appraisals;
  • Explain the importance of organisational culture and reward systems in an organisation; and
  • Apply relevant research principles and methodologies to conduct human-resource related research such as a skills audit, climate survey and client survey.

Business Ethics and Corporate Governance

Course overview

Corporate governance continues to present vexing issues, despite international efforts to bed down regulations. Gerber, Olshan and Mirza (2013) point to concerns around executive compensation, board composition and the increased scrutiny of auditors. News reports highlight corruption, fraud and maladministration. Governance activists and academics continue to scrutinise the problem of agency in corporate governance, where managers work counter to the interests of their shareholders.

This course considers all the players in the theatre of business, from shareholders, lenders, regulators, the community at large, customers and suppliers to employees. All must embrace policies and principles that balance the ways in which organisations are directed, administered and controlled. We will introduce you to a range of topics related to business ethics and corporate governance, including implementation processes, and their monitoring and evaluation.

Learning outcomes

Upon completing this course, you should be able to:

  • Critically explain corporate governance and business ethics terminology and concepts;
  • Critically analyse principles of ethics and ethical leadership and corporate governance in private business, nonprofit organisations and the public sector;
  • Determine accountability in respect of corporate governance by analysing policy, legislation and best practice;
  • Develop processes for corporate governance policy implementation;
  • Monitor and evaluate the implementation of corporate governance policy; and
  • Develop a plan to address gaps in corporate governance implementation strategies.

Marketing Management

Course overview

Marketing management is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering and communicating superior customer value.

This course will develop your marketing management awareness, knowledge, skills and capabilities, giving you with a bird’s-eye view of all aspects of marketing organisational products and services in the private, public and or developmental sectors. You will learn to analyse marketing opportunities, research and selecting target markets, design marketing strategies, plan marketing programmes, and to organise, implement and control the marketing effort in a dynamic environment. In the process you will also examine marketing techniques and processes for managing different markets.

Learning outcomes

Upon completing this course, you should be able to:

  • Critically explain marketing terminology, concepts and principles;
  • Develop a marketing strategy and plan, and integrate them with business strategy;
  • Explain market competition analysis;
  • Evaluate the principles of customer buying behaviour;
  • Apply market segmentation principles;
  • Develop a product mix strategy;
  • Develop a product distribution plan;
  • Examine product pricing principles;
  • Develop product promotion strategy; and
  • Manage the marketing strategy implementation process.

Project Management

Course overview

This course, based on PMBOK project management information and practice standards, will give you a good grip on project management tools, processes, knowledge areas and disciplines.

Arguably, the most important skills for successful project management are stakeholder management and communication. This course will walk you through these issues and everything else you need to know to get your projects up and running and keep them on track.

Learning outcomes

Upon completing this course, you should be able to:

  • Understand project management terminology, concepts, and tools;
  • Understand the project management lifecycle;
  • Evaluate the project management context in relation to own workplace requirements;
  • Determine the link between strategic goals, programmes and projects;
  • Critically assess the role of teams in project management;
  • Know the processes, models and skills to select and develop project groups into teams;
  • Understand the importance of leadership in project management;
  • Select projects based on rigorous problem analysis;
  • Recognise the importance of project scoping;
  • Conduct a stakeholder analysis;
  • Determine and evaluate project risks;
  • Understand the relevance of costing and budgeting;
  • Formulate a work breakdown structure and know in particular how to sequence activities and develop a Gantt chart;
  • Evaluate project monitoring and evaluation processes;
  • Recognise the importance of project closure; and
  • Develop strategies to manage identified project management failure factors.

Fundamentals of Research

Course overview

The objective of business research is to help solve managerial problems across the private and public sectors. It offers more rigorous approaches to management decision-making where problems range from simple cause-and-effect phenomena to complex social, political, and economic phenomena with multiple variables.

This course will provide you with the knowledge, tools and techniques to carry out systematic research and equip you with a sufficiently advanced understanding of how to evaluate business research with the aim of more responsible decision-making.

Learning outcomes

Upon completing this course, you should be able to:

  • Describe and differentiate between the different research designs;
  • Understand the concepts and terminologies used in basic research;
  • Describe the different data collection techniques and tools;
  • Conduct a critical literature review;
  • Demonstrate an understanding of sampling and the sampling process;
  • Know and apply basic data analysis techniques;
  • Appropriately interpret research findings and make recommendations;
  • Explain the research process; and
  • Compile a research report.

Economics

Course overview

This module seeks to lay a solid understanding economics as a subject by providing a fundamental appreciation of economics, while also informing other study areas that are concerned with economic principles.

You will be introduced to economic principles, the relationships between various parts of the economy, and use economic models to illustrate these relationships. You should emerge with a good understanding of the various aspects of economics and how these affect our daily decisions.

Learning outcomes

Upon completing this course, you should be able to:

  • Understand key economic terminologies and concepts;
  • Distinguish between the macro and microeconomic environments;
  • Explain the impact of global and domestic sociopolitical and economic trends on organisations; and
  • Evaluate the triple bottom line within the context of economics.

Organisational Strategic Planning and Management

Course overview

This course provides insight into strategic management, concepts, processes and tools. It will help you develop an understanding of how strategy is crafted, implemented and evaluated.

It is applicable to all levels of management.

Learning outcomes

Upon completing this course, you should be able to:

  • Evaluate strategic management terminology and concepts;
  • Review the history of strategic planning and assess its relevance for organisations;
  • Critically compare and evaluate the processes and applicability of strategic planning models for the private and public sectors eg Bryson and Porter’s Model;
  • Compare a variety of consultative approaches and conduct a stakeholder analysis;
  • Critique various organisational vision, mission and value statements and explore the intended and possible impact of these statements on individuals and teams in the organisation, and the external environment;
  • Examine interrelationships between the core purpose and values of the organisation, team and individual;
  • Review different processes for developing strategic issues based on a strategic analysis of an organisation;
  • Interrogate the process of developing SMART strategic objectives based on the strategic issues;
  • Examine the elements comprising a strategic plan and review the interrelationship between unit plans;
  • Evaluate monitoring and evaluation strategic planning processes;
  • Evaluate change management models and processes and assess their applicability in organisations; and
  • Link strategic planning to change management and organisational development processes.