The electives, which take place in Lent Term, follow and may build upon the material covered in the core courses. There are six electives, from which you choose two:
Business Innovation in a Digital Age
In today's dynamic business environment, innovation is increasingly being driven by digitisation, ubiquitious connectivity and globalisation. Across all kinds of industries, these developments are transforming how the firm creates value in its sector. To innovate, firms are collaborating in new ways and with customers and business partners across global networks. To successfully leverage these opportunities, however, leaders must deploy an effective strategy in institutionalising innovation. On this elective you examine the key opportunities and challenges that firms face in leveraging business innovation.
Environment & Sustainability
The course examines how the sustainable development debate is seen through the lens of a range of different disciplines, and introduces the need to address complex problems at the systems level. Guiding principles are examined, including polluter pays, natural step, precautionary principles, etc. Ecosystem services concepts are introduced and a range of valuation methodologies explained. Practical examples of implementing sustainable design concepts into urban communities are examined and the legal and regulatory framework for protecting sensitive environmental components is discussed. The later part of the course focuses on key sectors of food, water and energy and the critical issues governing their service delivery.
International Business Economics
This elective provides an understanding of the nature and extent of the globalisation of business, and examines the economic forces that give rise to global economic integration and the nature and behaviour of the key agent of global business, the multinational corporation.
Please note that you cannot take this elective if you've previously taken any part of the Economics Tripos.
How can organisations activate and harness the productive potential of their employees in order to achieve superior performance?
On this elective you learn the theories and practices involved in human resource planning and strategy, job design, recruiting, selection, retention, performance appraisal, training and development, career development, compensation, and motivation. The theories and practices taught in the course are applicable in a wide array of positions in all types of organisations in which you may eventually find yourself.
The course sharpens your abilities to "think strategically" and to analyse and evaluate issues from the perspective of the total enterprise. You gain an appreciation for the importance of building a sustainable competitive advantage along with the tools to use in analysing real life management issues and an understanding of the theoretical debates from which these tools have emerged.
Topics covered include:
- Strategy process
- Schools of strategic thought
- Corporate diversification
- Mergers and acquisitions
- International diversification
Topics in Corporate Governance
This elective provides a solid grounding in crucial topics in corporate governance, focusing especially upon agency theory, boards of directors, institutional investors, managerial incentive and executive compensation, and the influence of corporate and securities law upon corporate finance.
Topics covered include:
- Theory of the firm and agency theory
- An overview of corporate governance
- Boards of directors
- Managerial incentive and executive compensation
- Law and finance