Professional Documents
Culture Documents
WELCOmE to the
The International University of Monaco (IUM) reflects the country where it is located: both are international microcosms, both are close-knit communities, and both have been uniquely successful for their size. IUM is recognized for the personal attention that underpins its teaching philosophy, as well as for its core values of mutual respect, open-mindedness, courage, and honesty. Small class size further facilitates the one-on-one interaction for successful academic and personal development. With this emphasis on individual attention and thanks to its distinguished faculty, professionals, and experts from all over the world, IUM will allow you to expand your knowledge and acquire professional skills within a unique learning environment.
IUMs mission is to deliver an excellent business education in an unparalleled multicultural context where diversity in personal and professional backgrounds, cultures, and languages is the rule.
www.monaco.edu
PROgRam
overview
A word from the program director
The Master in International Business, with its two specialization areas in trade and on global affairs, offers students the opportunity to stay abreast of current developments in the global landscape. The program emphasizes a rich, pragmatic educational experience covering a range of disciplines taught by renowned faculty and practitioners. The program equips students with cross-functional knowledge and skills that allow them to confront the increasingly complex challenges of the modern world. With a dual emphasis on theory and practice, the programs academic components utilize an instructional methodology combining rigorous presentation of concepts, case study discussions, and applied projects. The objective of the Master in International Business is to enable graduates to understand the growing complexity of the international environment and to acquire a competence that will facilitate their adaptability to foreign cultures and behaviors. Hence they will become inspired and confident leaders in their chosen field. Graduates will thus possess the knowledge and tools they will need to pursue careers in national and international business and commerce, international organizations, NGOs, governmental agencies and diplomatic affairs. It is a unique opportunity and an enriching experience for students who wish to stand out as multicultural graduates, in the field that they have chosen to pursue their future career goals. Dr. Marie-Jos RINALDI-LARRIBE, Program Director
Professional Immersion
International Trade
Fundamentals of Financial and Managerial Accounting International Marketing Human Factors in Organizations International Business Law Corporate Social Responsibility Management and Leadership International Economics Country-risk Analysis Fair Trade
Strategy and Techniques of International Trade Trade finance - Financing of Large Export Contracts Mature markets: North-America and Europe Doing Business in Asia Emerging Countries in Africa and Latin-America International Negotiations International Financial Management Workshop on UN simulation exercise
Global Affairs
Geopolitics and International Relations Global Political Economy The European Context International Organizations and NGOs Global Policy and Sustainability Public Affairs Workshop on UN simulation exercise The Economics of Development
Teaching Philosophy
IUM has developed a teaching philosophy based on five learning principles: An individual attention: Interactive learning, online support, and small classes accommodate a variety of learning styles, with timely formative feedback reinforcing the learning process and personal development. A balance of theory and application: With both academics and professionals using innovative teaching techniques and online technologies based around lectures, case studies, group projects, and business simulations, students are readily able to apply management theories and models in real life settings. An active learning: Professors create a dynamic, interactive, hands-on learning environment that encourages and expects active engagement from students. Case studies, class discussion, debate, and online forums are commonly used across the curriculum to enhance students analytical, creative and problem-solving skills. A cooperative and collaborative learning: Regular group projects allow students to apply their knowledge to new situations while developing their skills in leadership, communication, and teamwork. www.monaco.edu 5 A multicultural learning: Building on the cultural diversity of the student body and faculty, students learn to respect cultural diversity and to negotiate and capitalize on the richness that different perspectives bring to management decisions.
PROgRam
Design
Why a Master in International Business at IUM?
The Master in International Business (MIB) has been developed in response to the critical need to educate and prepare pragmatic, compassionate, and professionally adept international citizens.
The MIB seeks to provide graduates with the skills and knowledge to succeed in an increasingly fast-paced, highly competitive and complex world. It opens the way to two different specialization areas: one which deals with international trade issues and the other with a focus on global affairs. This program attracts students with very different backgrounds: business, political science, history, economics, etc. which turns the classroom into a very enriching place.
Program description
The MIB curriculum consists of a common core of fundamental courses in international economics, management, corporate social responsibility, marketing, accounting, legal environment of business, a set of specialization courses and a capstone applied project that can take the form of an extended internship or a research thesis. Students have a choice of two specialization areas, in international trade matters or in global policy developments.
The International trade specialization allows participants to acquire the knowledge of foreign markets and techniques of international trade. The objective is to enable future managers to access new markets which are growing very fast, while dealing with complex issues, in very diverse multicultural environments. This pathway prepares graduates for careers in export management, international purchasing, business development management, etc. The Global Affairs specialization integrates study in international policy in the context of the 21st century global setting. This interdisciplinary approach ensures a thorough preparation of graduates to world affairs, across a broad range of disciplines. Due to the nature of its curriculum which deals with corporate issues while offering, at the same time, an in-depth knowledge on global policy development, the Master in International Business/Global Affairs prepares graduates for careers in international business as well as in international organizations, governmental agencies, NGOs and foreign affairs agencies.
www.monaco.edu
SELECtED MIBGA
course descriptions
Global Political Economy The European Context This course explores the political and economic dimension of regionalization with a specific focus on the European Union (EU) and current issues concerning the development of the EU. Students will develop their understanding of major theoretical, empirical, and policy perspectives on a global level and with specific reference to the EU. Geopolitics and International Relations This course surveys the new world order and its impact on management in the global setting. Students will learn to analyze contemporary world affairs and how they affect business, and identify un-derlying ethical issues that are embedded in the decisions and actions of policymakers and practitioners. International Organizations and NGOs This course examines the theory, process, and policy outcomes surrounding international organizations, and non-governmental organizations (NGOs). The course begins with an introduction to the field, focus-ing on the interaction between international law and politics in international organizations. It also intro-duces theoretical perspectives on the role of international institutions. The course then moves on to an examination of NGOs more specifically. Students will get the concrete opportunity, together with the instructor, to define, finance through collection of funds, and launch a sustainable project in a developing country. Global Policy and Sustainability This course provides students with insight into the rapidly changing world of global environmental policy and sustainable development. Students will be exposed to the challenges of managing the environment and securing sustainable development from an international perspective. The Economics of Development This course is aimed at providing an overview of some of the major economic ideas in development thinking. Students will become conversant with various approaches to development policy and approach problems in development economics in a rigorous and critical way. Chindia This course is designed for students who intend to operate in the new global environment in which China and India will be major economic players. After describing the history, geography and culture of this entity representing more than one third of the world population and most of its economic growth potential, the business opportunities and negotiation styles will be covered through cases and discussions.
sELECtED mibtRaDE
course descriptions
Strategy and Techniques of International Trade The course is designed to provide students with a solid understanding of the process of internalization of a firm. Issues are tackled like globalization, risks and opportunities for a firm to go abroad, the export strategy of a company, the entry modes, etc. Students become familiar with the techniques of international trade, in particular with international sale contracts, and with incoterms (terms of delivery). Trade finance: Financing of large export contracts The course deals with trade finance, exposing the financing tools of international trade and foreign direct investment, and then concentrates on the financing aspects of large export contracts; students become familiar with payment methods, bonds and guarantees, export credit agencies, development banks role, currency risk management and financial markets. International Negotiations This course is designed for the students who have interest in professional selling, and in negotiation process, namely at the international level in a B2B environment. The international aspect of selling and negotiating will be addressed as well as the cultural component of the communication process. This course also stresses that negotiation skills are necessary for all business functions to effectively convey your ideas and win approval for them. North American markets - European markets - Japanese and Korean markets - Chinese Markets - African and Latin American markets The aim of these different courses is to introduce students to different markets corresponding to different geographical areas. Some of these markets represent a high potential in terms of export opportunities, and students must grasp the specificities of each of them, in terms of characteristics, culture, consumer behavior, regulations, strategic entry approach, etc. These courses are essential for a future international trade manager, and more generally for business development abroad. Geopolitics and International relations This course surveys the new world order and its impact on management in the global setting. Students will learn to analyze contemporary world affairs and how they affect business, and identify un-derlying ethical issues that are embedded in the decisions and actions of policymakers and practitioners.
www.monaco.edu
PROgRam
outcomes
Career opportunities
Diverse international careers, one common sensitiveness
With an emphasis on key economic and policy challenges globalization issues, sustainable development, corporate social responsibility, geopolitics, new emerging markets, etc., the MIB prepares students for careers in both domestic and international business as well as in international institutions such as global nonprofit organizations, governmental agencies, non-governmental organizations and foreign affairs agencies. The MIB alumni occupy a wide range of positions in highly diverse organizations which have in common a sensitiveness to ethical and sustainability matters.
10
www.monaco.edu
SOmE OF
IUM faculty
David ANSIAU
Dr. Ansiau is professor of Organizational Behavior and Management at IUM. He has also lectured at the University of Toulouse, where he studied for his PhD in Industrial Psychology. He holds a B.Sc. Psychology and Pedagogy from the University of Mons-Hainaut, Belgium; an MA in Industrial Psychology from the University of Mons-Hainaut, Belgium; and an MSc in Cognitive Psychology, Ecole Pratique des Hautes Etudes, Paris. Francis Ille is an associate professor of international business at the International University of Monaco where he has been teaching for the last fifteen years. He has been a visiting professor at Ocean University of China in Qingdao, at IILM in Delhi and at fifteen other international universities. In a career that spanned three decades, he was an executive for Procter & Gamble and IBM for which he held marketing and sales management assignments in Africa, Middle East, the Indian Ocean as well as the headquarters of IBM WTC in White Plains, New York. He also participated in several consulting missions as an expert for the TACIS programs of the European Commission in the fields of development of the private sector in the Commonwealth of Independent States and Africa.
Francis ILLE
Claude CHAILAN
Prior to joining the academic world, Dr. Chailan held high level positions in international management from 1985 to 1999, including senior positions at Danone, Sara Lee and LOral. He was actively involved in the development of international brands in France, Mexico and Venezuela. Dr. Chailan is currently Professor and Program Director at IUM, Monaco, and visiting professor at ITESM, Puebla campus, in Mexico. He is a guest lecturer in several foreign schools (ESAN in Lima, ESA in Beirut, CFVG in Hano, Segepec in Morocco) and several French universities (Celsa Paris-Sorbonne, Nice, Marseilles). He received his Masters degree from ESSEC Business School in Paris and his diploma in Political Science from IEP Aix-en-Provence. He also holds a Doctorate in Management from the University of Nice Sophia-Antipolis.
Mose Louisy-Louis is professor of Financial Accounting and Corporate Finance at IUM. He received his MBA from IUM and is currently studying for a PhD in Financial Accounting. He holds a B.S.B.A with a major in finance from Auburn University, USA. Before starting at IUM, he was an Equity Analyst at Knight Vinke Asset Management in Monaco.
Mose LOUISY-LOUIS
12
Hlne CRISTINI
Dr. Cristini is a Professor of Ethics, Geopolitics and International Relations at IUM. Dr. Cristini holds a BA in Political Science and Hispanic Literature and a MA in Latin American Studies, from the University of Texas, Austin, as well as a MA in Political Science, from the University of Massachusetts, Amherst, USA. She received her PhD in Political Science from the University of Bombay, India. Dr. Cristini published articles in major academic journals, such as Peace and Change Journal of Peace Research, or the International Journal of the Humanities, and presented her research in many conferences across the world.
Bassem Kamar
Damyana Bakardzhieva
Dr. Bakardzhieva obtained her Ph.D. in Economics from the University of Nice-Sophia Antipolis, France. She teaches Economics, Finance and Sustainable Development at the International University of Monaco. During her eleven years in academia she has also taught at George Washington University and American University (Washington, DC), the University of Maryland (College Park, MD), and Sofia University (Bulgaria). Prof. Bakardzhieva is currently consulting for the European Union. She is also the author of a book on banking and economic growth in transition economies, and of numerous academic articles.
Dr. Kamar teaches Economics and Financial Econometrics. He obtained his PhD in International Economics from the University of Nice-Sophia Antipolis. He is the author of a book on Exchange Rate Policies and Globalization, and of numerous scientific articles covering several topics such as exchange rates, currency unions, foreign direct investments, capital flows, banking reforms and regional integration. Professor Kamar has five years experience as Economist at the International Monetary Fund (IMF), and five years of experience in academia. He is currently consulting for the IMF, the European Union, the African Development Bank and the Arab Monetary Fund. In 2009 he was elected board member of the Middle East Economic Association, and is Research Associate at the Economic Research Forum. He is also the General Manager of Global Economic and Financial Consulting (GEFIC) in Monaco. Dr. Rinaldi-Larribe holds a Ph.D. in Economics and a Master of Science in International Economic Relations from the Institute of Political Science (Sciences Po Paris). She has been a Professor at IUM since 2004, and she is the Director of the Master in International Business Programs since September 2009. Prior to 2004, she worked for ten years in the banking sector, where she occupied several positions. Dr. Rinaldi-Larribe specializes in European economics and politics, as well as in international economics, fields in which she carries out her research. She published two books on the EU and the euro and several articles in well-known academic reviews. 13
Marie-Jos RINALDI-LARRIBE
www.monaco.edu
aDmissiON
process
How to benefit from the Master in International Business?
We consciously select a diverse student body, one that not only reflects a variety of backgrounds, cultures, and nationalities, but a wide range of personal interests and professional ambitions. We recognize and welcome leadership that may be expressed in many forms, from running an independent business to spearheading initiatives at work. In essence, we are looking for evidence of candidates potential - a portfolio of experiences, initiatives, and accomplishments that reflect leadership and capacity for intellectual and professional growth.
14
Admission Criteria
www.monaco.edu
15
Please note that the information contained within this brochure may be subject to change
We seek students who are open-minded and who demonstrate a strong desire to study as well as a clear defintion of their career aspiration. As a small cohort in a diversified group, we are looking for students who have the ability to proactively contribute to the Master experience. At IUM, applicants need to demonstrate their potential as Business Leaders through personal achievement and interests.
The International University of Monaco is a partner of the INSEEC Group, one of the largest French educational institutions with campuses in Paris, Bordeaux, Lyon and London.