An introduction to statistics as applied to managerial problems. Conceptual understanding, limitations and misuse of statistics and interpretation of statistical results. Hands-on experience using software. Descriptive statistics including central tendency, dispersion, skewness, covariance, binomial and normal probability distributions, confidence intervals for means, and simple linear regression. Examples from finance, operations, and marketing.
Managerial Economics (2 credits)
Fundamental concepts and analytical tools of microeconomic theory as applied to managerial decision making. Demand, supply and equilibrium in a competitive market. Market equilibrium in monopolistic and oligopolistic markets; markets with network externalities; behavior under conditions of asymmetric information.
Business Ethics (1 credit)
Analysis, based on the main normative theories, of the function of (i) the individual within the business environment and (ii) the business organizations and economic institutions within a society with an eye to issues of distributive justice and capitalism. Problems (iii) in the relations of business organizations and their consumers or their environment, as well as (iv) in the relations between the constituent and the necessary parts of a business organization.
Leading People in Times of Change (2 credits)
Leading change in organizations from the people perspective. Topics include organizational design and agility as drivers of change, the individual as unit of change, responses to change, the leader’s role in managing change and change management governance.
Financial Accounting (2 credits)
Financial accounting with a managerial emphasis. Generally accepted concepts, assumptions, standards, and practices used in recording business transactions and in the preparation of published financial statements: balance sheet, income statement, and cash flow statement. The basic recording cycle involved in recording, storing, and summarizing business transactions, accounting for current assets, inventories, plant-property-equipment, liabilities, capital stock, and retained earnings. The effect of different accounting alternatives on the financial position and profitability of the company. Analysis and interpretation of financial statements.
Quantitative Methods for Business (2 credits)
An introduction to the basic concepts of model building and forecasting. Extrapolation methods, multiple linear regression, decision analysis, simulation and linear programming. Strong emphasis placed on practical applications and decision making. Developing basic analytical skills, such as formalizing trade-offs, specifying constraints, providing for uncertainty, and performing sensitivity analysis.
Managerial Finance I (3 credits)
Introduction to the time value of money and discounted cash flow analysis; coverage of financial decisions to maximize the value of the firm’s equity: valuation of assets, liabilities, and common equity; capital budgeting decisions; opportunity cost of capital; risk and return.
Fundamentals of Contract Law & International Business Law (1,5 credits)
How to negotiate, draft and review contracts effectively. Basics of contract law in Turkey and under any prevailing international law standards, the rules related to contract formation, performance, breach and remedies. Key terms used in contracts for trade in goods, services and intellectual property. Contractual issues related to more complicated contracts such as JV, M&A, insurance and employment. How to draft or review a contract with or without assistance of legal counsel using available samples, precedents and checklists.
Corporate Social Responsibility (1,5 credits)
The course on Corporate Social Responsibility (CSR) considers the broad dimensions of CSR: from labour issues to human rights to environmental concerns, and from corporate philanthropy to corporate governance to ethical business practices such as avoiding misleading advertising and avoiding corrupt business payments. Emphasis is placed on the business case for CSR, especially from the perspective of companies operating in Turkey, and on strategies for implementing CSR within business operations.
Operations Management (3 credits)
Fundamental decisions and tradeoffs in the operations management of service as well as manufacturing companies: obtaining and controlling productive resources; process management fundamentals; cross-functional integration, coordination, and control; improving the performance of productive systems; and competing through technology and operations.
Macroeconomics (2 credits)
Understanding the broader macroeconomic and global environment in which managers make decisions. Basic national income accounting, monetary and fiscal policy, inflation, determination of exchange rates and international aspects of macroeconomics.
Turkish Economy (1,5 credits)
Examination and evaluation of the developments in Turkish economy using basic economic concepts and tools. Investigation of the post-1980 Turkish economy, with emphasis on current policy issues and future prospects.
Managerial Finance II (3 credits)
The valuation framework applied to a series of major corporate financial and asset management decisions: Issuance of corporate securities, corporate financing decisions, dividend policy, capital structure, and corporate risk management.
Marketing Management I (3 credits)
An overview of broad marketing issues facing higher levels of management. Strategic perspective in study of business and marketing objectives, market segmentation, targeting and positioning, product development, pricing, distribution, promotion, market research and global marketing.
Business Strategy (3 credits)
Competitive strategies and major organizational forms used by today’s successful companies, including functional, divisional, matrix, network, and cellular organizations. Techniques for analyzing industries, competitors, and companies from a strategic perspective. A comprehensive audit of company strategy to explore the major competitive, organizational, and human resource issues the designated company will face in the future.
Managerial Accounting (2 credits)
A user-oriented approach to the design of management accounting procedures and systems to collect, classify, process, analyze, and report information to assist managers of complex hierarchical organizations in their planning and control activities. Accounting information that enhances decision making, guides strategy development, evaluates existing strategies, and focuses efforts related to improving organizational performance. Emphasis on innovative practices including activity-based costing and target costing and the balanced scorecard.
Marketing Management II (3 credits)
Managerial view of marketing as a major component of corporate strategy. Decision making related to product, price, promotion and distribution strategies, and developing an integrated marketing mix program.
Building Leadership and Management Skills (1,5 credits)
This course builds on work begun in orientation program dealing with team building, group and feedback processes. Launched by a series of skills building workshops including effective writing and public speaking, negotiations and creative problem solving, the course explores the leadership concept, key leadership traits and typical leadership styles, situational leadership, and the critical role of leadership during the change process. A personal development plan is prepared based on self-awareness to build on strengths while improving weaknesses in order to develop abilities to manage oneself and to lead others.
Digital Transformation (1,5 credits)
Leveraging digital technologies for value creation; Innovation; Digital disruption and the digital vortex; The digital business transformation journey: the “why”, “what”, and “how” of digital transformation; Digitally-enabled business models; Digital business agility; Executing a digital business strategy; Leadership in the digital age.
New Venture Development (3 credits)
An overview of the processes involved in starting, funding and investing in a new or growing entrepreneurial venture. Development of skills and knowledge required for organizing and managing a new business enterprise and preparing the business plan.
Business & Government (1,5 credits)
Concepts and frameworks for business managers to plan and execute constructive relations with nonmarket players in the broader society in ways that support the company’s strategic objectives. Relations with both governments (political and regulatory) and Non-Government Organizations (NGO’s), not just in the firm’s home country, but around the globe.
Business Simulation (3 credits)
Managing a computer simulated firm over consecutive, annual operating periods where competitive performance is measured in terms of market shares and corresponding financial results. Integrative learning experience in the essentials of financial accounting, principles of marketing, finance, and operations management; importance of good forecasting in balancing the overall business activities of a firm in a market-driven economy.
Teamwork and Leadership (Voluntary Paticipation)
Effective team work for successful results. Problem solving and decision making mechanisms in situations when team members have asymmetric information and opposing interests. Leadership approaches and their effect on team performance under time pressure and internal conflict. Teamwork simulation for learning effective teamwork and leadership.
International Business- Study Trip (2 credits )
A mandatory one week study trip is organized within the scope of International Business Course. Study Trips are hosted by prominent business schools around the world. The program includes readings, lectures, company visits, deliverables and cultural activities.
YÖK Graduation Project
Research term project conducted individually by the student under the guidance of a faculty member. Culminates in a written project report. Prerequisite: Consent of instructor and director.
Individual Graduation Project (non credit-required)
Upon completion of the coursework in 13 months, each student works on an individual graduation project during a 4 month period and complete the program by submitting this project.