Programme Structure, Learning process & Course Content
The main pedagogical tool used in Lagos Business School is the case study method. Occasional lectures, discussions, videos, business games, simulations, and role-playing supplement these cases. Group sessions are key to the SMP learning process. Syndicate groups are arranged in such a way as to ensure an adequate mix of participants from varied backgrounds and industries, thereby maximizing their exposure and interaction.
The programme will be delivered on a modular format of one week (Monday – Friday) every month over six months (30 days in all).
Analysis of Business Problems & Decision Making
Enhance judgement skills and see beyond the immediate aspects of a decision point. Critically and analytically evaluate information underlying decisions and gain a broader perspective of organisational decision-making. Incorporate ethical sensitivity into critical thinking and the problem-solving process.
Recognise and consider ethical dimensions of the decision-making process and understand and apply basic ethical principles to common ethical dilemmas in business. Appreciate the responsibilities of the firm to different stakeholders and understand the implications of unethical practices to these stakeholders.
Understand better the legal environment and legal challenges of business. Recognise corporate criminality situations in order to avoid them. Strategically build social capital by adhering to the legal framework of the society in which the company operates.
Cost and Management Accounting
Use cost-related information from inside and outside the organisation to make decisions. Calculate/estimate and control the cost of organisation's goods or services. Recognise the cost implications of business decisions – capacity utilisation, product development, etc. Align the organisation's cost systems with the competitive performance of its strategy. Generate an acceptable, sustainable, and positive bottom line.
Learn how to plan communication (purpose, types of argument, etc.). Highlight ethical issues in communication. Develop strong presentations skills and enhance fundamental writing skills. Learn interpersonal skills in communication (listening, feedback, constructive criticism). Develop insights into the way in which personality types and leadership styles interact with communication skills.
Corporate Financial Accounting
Familiarise participants with the basic elements of accessing and using the information in financial statements, most commonly contained in annual reports of organisations. Grasp the significance of the elements of the financial statements and their implications. Learn to participate in discussions based on the figures contained in financial statements.
Understand the theoretical base for economic analysis. Learn how to analyse economic risk by interpreting changes in microeconomic and macroeconomic aggregates. Evaluate the changing market in which the company operates and learn how to respond to these changes.
Management of Information Systems
Develop a system view of IT that leads to developing the organisational capabilities. Understand how to determine what technologies can help solve the strategic issues, etc. Understand the key MIS activities: e.g., strategic planning, and appreciate the ethical issues in MIS and how to address them.
Learn how to define organisation's processes optimally. Acquire operations management skills, building on existing awareness/operations experience. Highlight ethical issues in operations management and learn to apply operations management skills to functional areas.
Introduction to Finance
Analyze financial statements and make sense of them. Carry out financial analysis, working capital management, and investment analysis. Include non-financial indices in analysis… what does performance mean and where is the place of individual decisions? Go beyond ROE.
Understand the dynamics of interaction and learn to manage power relationships between individuals. Improve interpersonal relationships and learn how to work better with others. Understand how to conquer projects rather than people.
Understand the consumer and the customer. Recognise key trends in marketing and deepen knowledge in the area of analytics, consumer insights, etc. and be able to track the consumer pre and post purchase. Manage the selling process. Grasp how to design the right incentives, etc. for the sales force. Master the fundamentals of product innovation, new product development, pricing, channel management, etc.
Recognise and seize new opportunities for negotiation with a view to optimizing outcomes in the participants favour. Apply appropriate negotiation strategy as the opportunities demand with a view to optimizing outcomes. Confidently negotiate at a global level, being guided by best practices from the point of culture, ethics and other relative factors.
Plan and manage project resources effectively within the unique organisational context of projects. Manage project stakeholders, understanding the dynamics in an organisational setting embedded in a community and society. Apply the lessons learnt in the management of their projects.
Social and Political Environment of Business
Grasp what corporate political strategy is and understand its role in driving competitive strategy. Optimize the interface between business and politics (government, regulators, etc.). Learn the fundamentals for ensuring responsible and ethical stakeholders' management.
Business Strategy Game
Learn how to chart a long-term direction for a company, set and achieve strategic and financial objectives, craft a strategy, and adapt it to changing industry and competitive conditions. Learn how to match strategic wits with the managers of rival companies, "think strategically" about their company's competitive market position, and figure out the kinds of actions it will take to outcompete rivals.
Understand strategy and how it fits into business strategy… the link between the functional strategy and the business strategy. Start thinking strategically and know the implications of actions in other functions. Come up with long term strategy that competitors cannot easily replicate. Learn to use market intelligence and trend analysis and understand the impact of one's role in the entire organisation.
Sustainability Management and Innovation
Deepen understanding of sustainability as a 3-dimensional concept – social, environmental, and economic (or people, planet and profit). Grasp that the business entity must take into consideration its impact on people and environment as well as their profitability – discuss fairness and equity concerns, especially social equity. Set personal and corporate sustainability goals and make plans to achieve them.