MONASH UNIVERSITY FACULTY HANDBOOKS

Business & Economics Handbook 1996

Published by Monash University
Clayton, Victoria 3168, Australia

Caution Copyright © Monash University 1996
ISBN 1320-6222

Authorised by Academic Registrar, April 1996


OUTLINE OF UNDERGRADUATE STUDIES -Caulfield and PeninsulaPart 3

CONTENTS

  1. Bachelor of Business (Marketing) - BBus(Mktg)
  2. Bachelor of Business (Office Administration) - BBus(OffAdmin)
  3. Bachelor of Business (Retail Management) by distance education - BBus(RetMgt)
  4. Bachelor of Business Studies - BBusSt
  5. Bachelor of Business (Honours) - BBus(Hons)

Bachelor of Business (Marketing) - BBus(Mktg)

Course code: 0314

Course director: Ms Irene Powell

The course

In this course marketing studies are combined with a general business education to ensure that the graduate has a broad perspective of business. The program aims at developing a basis that will enable the graduate to deal with change in a dynamic society and also provide a foundation for further study. Students completing the course are expected to be well informed, developed in their decision-making skills and approach to business problems and situations. The course is designed to equip students for future business roles including the areas of general marketing, sales, product and advertising management, retailing and marketing research.

Objectives

On completion of the course students should:

+ have a basic level of knowledge of general business, concentrating on marketing's role within an organisation;

+ have an understanding of the external environment within which business operates being mindful of Australia's international context;

+ have developed technological and communication skills which effectively articulate marketing issues within the business environment;

+ be able to take a structured approach to marketing problem solving and decision making, utilising skills in conducting further research and analysis;

+ be able to show an understanding of how to implement marketing principles and concepts in the practical business environment, especially the development of effective marketing plans and strategies.

Venue

Day and evening classes are offered only at the Caulfield campus.

Credit for work done elsewhere

In addition to part one, section five of the degree regulations, the following credit transfers have been standardised for the Bachelor of Business (Marketing):

+ members of the Institute of Chartered Secretaries and Administrators may be granted credit for three subjects;

+ holders of a recognised Certificate of Business Studies are eligible for credit for up to a maximum of four subjects in the course, to be determined by the course director;

+ holders of completed Associate Diploma in Business (Marketing) are eligible for up to eight subjects to be determined by the course director;

+ students who are members of an approved professional accounting body may be admitted to year two of the course. A list of approved professional bodies is available from the faculty's administration offices.

Course structure

Year one

First semester

+ ECM1640 Business mathematics and statistics

+ MKT1120 Marketing theory and practice

+ MGM1230 Business communication

+ MGM1300 Introduction to management

Second semester

+ FIN1010 Commercial law

+ ACC1110 Accounting and financial decision making

+ MKT1131 Statistics for marketing

+ FIN1710 Macroeconomics

Year two

First semester

+ ACC2051 Financial modelling

+ MKT2111 Buyer behaviour

+ FIN1300 Money and capital markets

+ MKT3471 Sales management and negotiation

Second semester

+ MKT2121 Marketing research

+ MKT2131 Marketing support systems

+ MKT3461 Marketing communication

+ ACC2631 Financial management

Year three

First semester

+ MKT3481 Logistics and channel management

+ MKT3121 Marketing planning and implementation

+ MKT3141 Issues in competitive advantage

+ Elective

Second semester

+ MKT3131 Strategic marketing

+ MGM3401 Strategic management

+ Elective

+ Elective


Bachelor of Business (Office Administration) - BBus(OffAdmin)

Course code: 0500

Course director: Ms Pat Davis

Intake into this course ceased after 1990. Students are referred to the 1994 faculty handbook.


Bachelor of Business (Retail Management) by distance education - BBus(RetMgt)

Course code: 0517

Course director: Ms Val Clulow

The course

The Bachelor of Business (Retail Management) is a six-year part-time course available by distance education.

The overall aim of the course is to raise the level of skill and competence in all aspects of retail management.

The content, structure and presentation of the course are designed to equip candidates with the skills to manage a retail business in an increasingly complex and challenging environment.

For those candidates who are unable to complete the full course, it is possible to gain recognition for partial completion. If students complete successfully the first module they will be eligible for the award of Advanced Certificate of Retail Business. If they continue on to complete the second module, they will be eligible for the Associate Diploma in Retail Management.

The degree is offered at the Caulfield campus in conjunction with the Monash Distance Education Centre.

Objectives

On completion of the course students should:

+ have the ability to demonstrate comprehensive knowledge of business principles and concepts to manage a retail business and have the technical understanding to communicate effectively with specialist functions within an organisation;

+ have the ability to demonstrate the planning, analytical, quantitative, decision making, time management and people management skills to take strategic decisions and implement them, ensuring productive outcomes;

+ be able to apply knowledge of the retail industry to anticipate and cope with change;

+ have acquired a positive attitude towards their learning and an ongoing challenge and personal commitment to professional development.

Professional accreditation

The Bachelor of Business (Retail Management) is recognised by the Retailers Council of Australia.

Venues

The course is coordinated from the Caulfield campus, Monash University.

Opportunities for candidate-to-subject leader contact are organised on a subject basis and candidates are given advance notice of such arrangements. Local study groups are encouraged.

Attendance at weekend or other contact activities is strongly encouraged but not compulsory.

The course is able to be taken entirely off-campus with all course materials and course administration completed by mail.

Subject `packages' are mailed to candidates each semester and include introductory information about each subject, all assignment requirements (content, due dates, marks allocation) and examination information.

Depending on where candidates live they can nominate the most convenient examination centre. Arrangements will be made for candidates to sit their examinations in their own state and as close as possible to their residence.

Admission requirements and selection

Pursuant to Statute 6.1.3 Admission to Courses, the following selection requirements apply for admission. Selection is based on a professional profile portfolio which is an extension of the normal application form. It requires information about previous study, professional capability and analytical ability and the reasons for wanting to undertake the course. In general this course is open to mature-age applicants.

Since candidates will have to prepare assignments and research related to retail practice, applicants should include a letter from their employer or a `sponsor' retailer expressing support for these tasks to be undertaken.

It is expected that the number of applications will greatly exceed the number of places available. Therefore it will be important for applicants to present a strong case.

As a part-time distance education course, it is principally designed for those engaged in retail industry seeking to develop their careers and management competence.

The course would also be appropriate for people planning a career change into the retail industry but not actually employed in a retail company or those who have previously been employed in retailing who plan to re-enter the industry.

Credit for work done elsewhere

Applicants who have undertaken studies at tertiary level may apply for credit in equivalent subjects in the course. When applying, prospective candidates must provide full documentary evidence of prior tertiary studies including a copy of academic records and subject synopses from the handbooks of the years in which the subjects were passed to enable credits to be processed by the faculty's credit transfer committee.

Electives

Candidates can select electives from a wide range of business-related subjects offered through the Monash Distance Education Centre.

Application procedures

Applicants should contact the course director, Ms Val Clulow, at the Department of Marketing, Monash University, Caulfield campus, PO Box 197, Caulfield East, Victoria 3145 for application forms and instructions. Telephone (03) 990 32727, fax (03) 990 32929.

Course structure

Module 1: Principles behind running a retail business Year one

First semester

+ DEM1300 Introduction to management

+ DEA1110 Accounting and financial decision making

Second semester

+ DEK2500 Retail management principles

+ DEK1120 Marketing theory and practice

Year two

First semester

+ DEK1200 Winning the retail customer

+ DEB1010 Commercial law

Second semester

+ DEE1640 Business mathematics and statistics

+ DEB1710 Macroeconomics

Module 2: Retail operational management Year three

First semester

+ DEK2221 Retail logistics

+ DEB2710 Microeconomics

Second semester

+ DEK3501 Retail buying

+ DEA2231 Retail financial management

Year four

First semester

+ DEK9011 Elective

+ DEK2211 Statistical methods for retailers

Second semester

+ DEB2251 Retail law

+ DEM2691 Management of organisational performance

Module 3: Retail strategic management Year five

First semester

+ DEM3280 Retail human resource management

+ DES3141 Issues in competitive advantage

Second semester

+ DEK3360 Retail technology

+ DEM3271 Retail strategic management

Year six

First semester

+ DEK3381 Retail case studies

+ DEK9021 Elective

Second semester

+ DEK3390 Retail project

+ DEK9031 Elective


Bachelor of Business Studies - BBusSt

Course code: 0946

Course director: Mr Francis Farrelly

The course

The Bachelor of Business Studies has been developed to offer students flexibility in their business studies. Flexibility is offered in the degree structure which allows students to select up to eight electives from any area of university study, and in the study mode which allows students to complete the degree by open learning, distance education, on-campus study, or by a combination of these.

Objectives

On completion of the course students should:

+ have a basic level of knowledge of general business principles and applications;

+ have developed technical skills and knowledge in the area(s) that they have elected as their major studies;

+ have developed skills in problem solving in business;

+ have developed a knowledge of the Australian business environment.

Venues

Students may select from a wide range of subjects but because not all subjects are taught by all modes of learning or on all campuses, students will need to consider this when selecting subjects.

Open learning allows students to study from home or from their workplace. Specially prepared study materials are sent to students, who are expected to complete regular assignments by mail. Study assistance is available from lecturers and advisers by phone.

Normally the only attendance requirement for open learning students is one three-hour examination for each subject held at the end of each semester. Examination centres are established throughout Australia so that no student should have to spend more than an hour and a half travelling to the nearest examination centre.

Television programs for many open learning subjects are broadcast in the mornings on ABC TV. Open learning is offered continuously throughout the year, so students may begin study by open learning in any of four study periods each year.

Recommended Year-12 subjects

There are no formal academic prerequisites for open learning students wishing to study the Bachelor of Business Studies.

Credit for work done elsewhere

Bachelor of Business Studies students will be awarded the same amount of credit for previous studies as students of other degrees offered by the faculty, depending on their major. Thus, a Bachelor of Business Studies student who majors in accounting will be awarded as a Bachelor of Business (Accounting) student. Students should therefore refer to the relevant entry elsewhere in this handbook.

Electives

Students may chose subjects to form a second major sequence from other business subjects not listed in the core or the major study areas or with permission of the course coordinator, subjects from other disciplines.

Course structure

The Bachelor of Business Studies comprises twenty-four subjects. Of the twenty-four subjects:

+ eight are compulsory core subjects;

+ eight form a major study in a business area such as accounting, banking and finance, management, marketing and a second major in business information systems;

+ eight are electives which may be taken from any area of university study.

The subjects may be taken from those offered through open learning or other universities, but a minimum of eight must be taken from Monash University.

Compulsory core of business subjects

+ ACC1110 Accounting and financial decision making

+ ACC1121 Accounting systems and procedures

+ FIN1010 Commercial law

+ FIN1710 Macroeconomics

+ MGM1300 Introduction to management

+ MGM2691 Management of organisational performance

+ MKT1120 Marketing theory and practice

+ SYM3141 Issues in competitive advantage

Major studies in accounting

To complete a major study in accounting the following eight subjects, or approved equivalent, must be completed:

+ ACC2051 Financial modelling

+ ACC2391 Cost accounting

+ ACC2431 Management accounting

+ ACC2491 Company reporting

+ ACC2631 Financial management

+ ACC3491 Financial accounting issues

+ ACC3631 Auditing

+ ACC6510 Quantitative methods in accounting

Major studies in banking and finance

To complete a major study in banking and finance the following eight subjects, or approved equivalent, must be completed:

+ FIN1300 Money and capital markets

+ FIN2401 Commercial banking and finance

+ FIN2601 Banking law

+ FIN2710 Microeconomics

+ FIN2801 Lending law

+ FIN3331 International banking and finance

+ FIN3651 Treasury management

+ FIN3841 Lending decisions

Major studies in management

To complete a major study in management the following eight subjects, or approved equivalent, must be completed:

+ MGM1230 Business communication

+ MGM1510 Quality management

+ MGM2341 Employee relations

+ MGM2621 Organisational change

+ MGM2661 Human resource management

+ MGM2671 Entrepreneurship and small business management

+ MGM3351 International business

+ MGM3401 Strategic management

Major studies in marketing

To complete a major study in marketing the following eight subjects, or approved equivalent, must be completed:

+ MKT2121 Marketing research

+ MKT3121 Marketing planning and implementation

+ MKT3131 Strategic marketing

+ MKT2111 Buyer behaviour

+ MKT3461 Marketing communications

+ MKT3471 Sales management and negotiation

+ MKT3481 Logistics and channel management

+ MKT3531 International marketing

Major studies in business information systems

To complete a second major study in business information systems you must complete each of the following eight subjects:

+ GAS1851 Computers in business

+ BUS1021 Business information systems

+ GAS1813 Systems analysis (part)

+ BUS3530 Operations management system

+ GAS1813 (part) GAS2813 (part) System design

+ GCO2851 Programming for business applications

+ BUS1110 Computer models for business decisions

+ GAS3851 Database management systems


Bachelor of Business (Honours) - BBus(Hons)

Course code: 0508

Course director: Mr Ian O'Connor

The course

This one-year full-time or two-year part-time course offers selected students the opportunity for specialised study in banking and finance, management or marketing at an advanced level.

The course aims to provide a post-degree level of study for students seeking to widen their knowledge in one of the specialist areas offered by Syme departments and to expose students to both substantive theory and practice of research in the field of business. The course gives graduates the training necessary to conduct independent high-quality research in either business or academic settings, cultivates analytical and critical skills, and an awareness of emerging developments in business. The course is particularly suited to those who may wish to undertake further study at the higher degree level.

Objectives

On completion of the Bachelor of Business (Honours) course students should have:

+ analytical and technical skills gained from advanced studies in specialist business areas;

+ comprehensive and relevant business-related research skills, including extensive grounding in empirical, theoretical, practical, and research methodologies;

+ the necessary skills to undertake independent research;

+ a capacity to engage in critical, logical and independent thinking

+ effective communicational and interpersonal skills;

+ benefited from an opportunity to have collaborated with students from other disciplines;

+ a competitive advantage over a three-year graduate student.

Venue

Day and evening classes are offered at the Caulfield campus. The total formal time commitment is twelve hours per week for two semesters. Students should be prepared to devote approximately treble that time (ie a further thirty-six hours per week) to private study. This course is also offered at the Gippsland campus.

Course structure

To qualify for the honours degree, a candidate shall complete

+ SYM4910 Research methods

one of

+ FIN4900 Research report

+ MGM4900 Research report

+ MKT4900 Research report

and two subjects within a single stream as follows:

Banking and finance stream

+ FIN4011 Advanced topics in banking 1 and

+ FIN4021 Advanced topics in banking 2

Management stream

+ MGM4000 Contemporary issues in management and

+ MGM4010 Business consulting

Marketing stream

+ MKT4000 Advanced marketing and

+ MKT4010 Developing a marketing orientation


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