This specialization offers an in-depth perspective and examines internal and external influences to management concepts and practices such as change in multinationals and SMEs. It takes advantage of contemporary research on Micro and Small Businesses carried out by affiliated institution Alexander Research Centre.


The MBA programme has a total duration of 18 months. The first two semesters of the course are divided into four 8-week terms (Terms A, B, C, D). Classes run for approximately two hours with a total of 28 contact hours per Module (or Course). In order to offer flexibility to students in employment, modules are taught during evenings and/or Saturday mornings (2-3 days per week). The course structure focuses on only three Modules per term permitting for better workload management and increasing the scope for success. During the summer term (Term E), students will only take one module while preparing for their Dissertation. The Fall Semester usually begins in late August, the Winter Semester in the second week of January and the Summer Semester begins in May.

Induction Week

The MBA employs, to an extent, both pedagogic and andragogy logics facilitating more space to self-reflection and self-development of students. During the induction week all MBA students become acquainted with: key journals in respective fields, the process of library search, ways to identify key papers and authors, the importance of research for knowledge purposes as well as ways to maximize efficiency of learning through their reading. Students are familiarized with the Alexander Research Centre, specializing in economic and business research. These information concerns critical issues for studying across the curriculum and also serves towards having a first less formal contact with MBA staff.

MBA Introductory and Preparatory Modules

In order to better prepare students for the MBA postgraduate, two foundation modules in Accounting and Economics are offered prior to the commencement of the MBA programme. No credits are allocated for these modules.

Credit Requirements

The General MBA programme requires the completion of 90 ECTS units (European Credit Transfer System). Out of these, 50 ECTS are allocated to ten core modules, 15 ECTS are allocated to three electives modules and the remaining 25 ECTS are allocated to the MBA Dissertation.

Introductory Modules

MBAF1 - Foundation in Acounting

This introductory module introduces MBA students to the context and purpose of accounting providing them with an overview of the Accounting Process and the Accounting System.

Assessment: Exercises/ Final Written Examination. Credit value: 0 ECTS

MBAF2 - Foundation in Economics

The aim of this Module is to introduce students to MBA economics including the fundamental principles of economics.

Assessment: Exercises/ Final Written Examination. Credit value: 0 ECTS

Core Modules

MBA512 - Managing Finance

The purpose of this Module is to give to students the analytical skills and knowledge to apply key economic principles and methods to management decisions and generate value for organizations. Students will link financial objectives to relevant tools for application and monitoring of performance in complex external and internal environments. The module will introduce students to a range of contemporary and critical readings in addition to a range of introductory texts. The Managing Finance module is designed to develop in students an understanding of the complexity of organizations and of organizational analysis and also to develop the capacities that will enable the student to make sense of and deal with open-ended organizational problems and issues.

Assessment:Oral presentations / Assignment / Final Written Examination.Credit value: 5 ECTS

MBA513 - Marketing and Operations Management

The aim of this Module is to highlight knowledge and develop comprehensive understanding of key marketing and operations management theory in relation to meeting customer needs through identifying appropriate instrumentation for research activities relating to the resolution of issues in meeting these needs both effectively and efficiently. Particular Marketing activities come within the sphere of Operations Management and the Marketing function feeds the Operation function with market requirements.

Assessment: Group Assignment / Final Written Examination. Credit value: 5 ECTS

MBA514 - Strategic Management

The main purpose of this Module is to develop the competence and confidence of the students in strategic planning by building upon and extend the theoretical and instrumental concepts introduced during their undergraduate studies and professional experience. Synthesizing and interpreting situations, developing alternative strategic options, and promoting sustainable managerial action by exploiting appropriate tools are thematics that lie in the core of this Module.

The module is delivered by means of interactive, student centred seminar discussions and group work that is designed to aid in the application of the theory to real world organisations.

Assessment: Simulation Project / Final Written Examination. Credit value: 5 ECTS

MBA515 - Corporate Governance Risk and Ethics

The aim of this Module is to familiarize students and expand on the concept of strategic purpose and its basic parameters (ownership, stakeholders, governance, and social responsibility) within an ethical and professional framework. Control and review systems as well as risk management methodologies will be introduced.

Assessment: Group Project / Final Written Examination. Credit value: 5 ECTS

MBA521 - Project Management

The main purpose of this Module is to further the knowledge and analytical power of students to the theory of project management lifecycle from inception to implementation and to familiarize learners with the skills of understanding and implementing relevant methodology and techniques in project management so as to reduce costs, increase benefits and produce added value in a variety of contexts.

Assessment: Group Project / Final Written Examination. Credit value: 5 ECTS

MBA522 - Research Methods

The module aims to develop students’ abilities to formulate researchable questions and hypotheses within a framework of organizational science. It will provide students with the skills to apply a variety of methods and techniques to scientifically researching these problems and understand the relationship between qualitative and quantitative methods, triangulation, internal and external validity for the purposes of an original research project.

Assessment: Assignments / Individual Coursework and Presentation / Final Written Examination. Credit value: 5 ECTS

MBA523 - Managing Change

The module is designed to provide students with the ability to develop an appreciation of the complexities and challenges raised by organizational change in the ‘real world’ and to comprehend selection, feedback, resistance, implementation, evaluation criteria in change management. It will introduce to students a variety of theoretical underpinnings with reference to stages of change, the role of external and internal agents as well as the concepts and methods for exploring the introduction of management innovations to organizations.

Assessment: Group Project / Final Written Examination. Credit value: 5 ECTS

MBA524 - Enterprise, Innovation and Creativity

This module aims to develop an understanding of the significance of innovation, creativity and enterprise within the individual, the organisation and society as a whole. It will provide students with the knowledge and understanding to gain a critical appreciation of the tensions between creativity and day-to-day processes of organizing.  Equips students with an awareness and understanding of the challenges of managing the innovation   process within an organizational context. Encourages students to reflect on their own creativity and ability to manage processes involving innovation and creativity.

Assessment:Presentation(s) / Group Project / Final Written Examination. Credit value: 5 ECTS

MBA525 - Information Systems Technology

This module provides insights intoinformation systems (IS) from a manager’s perspective. It provides the necessary knowledge for the design, implementation and maintenance of different types of information systems, highlighting the overall benefits and risks involved by their development. The module also approaches and analyses the complex ethical issues that a manager faces in using information systems at a strategic level and in a global environment.

Assessment: Presentation(s) / Individual Coursework / Final Written Examination. Credit value: 5 ECTS

MBA550 - Dissertation

Students will work on a Master Thesis under the guidance of their supervisor during the last stage of the MBA programme. The purpose of this Module is to enable students to demonstrate a sound understanding of and ability to use methods and  techniques of analysis through independent research, and to significantly develop their business and management knowledge and related analytical and communication skills. The Final Dissertation project will entail at least some level of originality. For this reason, knowledge, experience and skills acquired through prior learning are to be utilized under supervision by appointed instructor.

Assessment: MBA Thesis 10,000-12,000 words. Credit value: 25 ECTS

Management Pathway Modules (Choose three from the list below)

MBAM516 - International Management in Context

The purpose of this Module is to give to students a critical understanding of the global economic, social and political environments which affect organizational life and to introduce students to range of strategies available for managing a business in an international environment.

Assessment: Group Assignment Presentation / Final Written Examination. Credit value: 5 ECTS

MBAM526 - Management Consultancy

The purpose of this module is to give students experience of designing and carrying out a live consulting project or intervention within a client organization, combining incorporation and synthesis of knowledge gained from a broad range of previous MBA modules.

Assessment: Individual Course Work / Final Written Examination. Credit value: 5 ECTS

MBAM529 - Contemporary Topics in Business Administration

Advanced study in various fields of business administration.This Module is aimed at expansions of students’ interest in the field of Business Administration with the objective to enrich perspectives on contributions from different angles on emergent issues in the field. These concernseminal pieces on major topical issues from the international literature and the scientific-research oriented and professional community that impact the formulation and administration of management policy. Students are expected to build on previous learning experience and shape an enhanced and in depth view of timely challenges and new perspectives with a particular focus on recent discussions and changes in the discipline.

Assessment: Presentation(s) / Participation in Learning Activities / Written Examination. Credit value: 5 ECTS

MBAM531 - Leadership and Management

This module builds and integrates gained knowledge on leadership from previous units. It aims to provide students with a rigorous framework of knowledge and understanding concerning leading people management and development. The module will enhance students’ perceptions on a variety of approaches to leadership and learning and development practice through assessing major contemporary research contribution.Secondly, the module introduces and provides room for a critical reflection of significant debates that interconnect particular fields of leadership, change and development.

Assessment: Presentations / Participation / Final Written Exam. Credit value: 5 ECTS

MBA Practical Training (Optional)

Students may apply for an eight-week period summer internship to a firm. The MBA Programme has a broad network of associated firms in the industry and placement may add value to career planning and contribute to further knowledge integration. No credits are allocated for optional Practical Training.