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Management

Course developer

Prior knowledge

VadZ5070, Human Resource Management

VadZ5079, Knowledge Management and Innovations

VadZ5095, Business Planning and Controlling

VadZ6009, Finance and Investment Management

Course abstract

A professional traineeship is intended to consolidate the theoretical knowledge acquired and build up competences relevant to the programme. It involves the examination of management functions of an enterprise/organization. Students learn in detail the practical methods of management that are applied at enterprises and organizations representing various industries. The theoretical knowledge acquired during the studies is reinforced during the traineeship in order to acquire professional and soft skills and competences in the management of an enterprise/organization.
The aim of the internship is to enable master students to strengthen their theoretical knowledge and expand the overall competence of the management process and to acquire the set of practical skills needed for an organization leader.

Learning outcomes and their assessment

Knowledge
1. Students will be able to demonstrate an in-depth and integrated knowledge of use of theoretical aspects of management in practical business management and management processes in enterprises and organizations of various industries of the national economy- practical training report, a reference of the work placement supervisor, the presentation of the report
Professional skills
1. Independently analyse management processes and functions at the work placement organisation and associate them with theory - practical training report and the defence of the report
2. Analyse, compare and assess various management processes at enterprises and organizations and identify opportunities for enhancement- practical training report, a reference of the work placement supervisor, the presentation of the report
Soft skills
1. Responsibly plan and complete the assignments given within the deadlines set and at high quality- reference of the work placement supervisor
2. Reasonably discuss observations, conclusions and proposals-defence of the practical training report
3. Work in a team and perform the tasks assigned -reference of the work placement supervisor
Competence
1. Understand, comprehend, independently assess, explain and innovatively apply the acquired theoretical knowledge and practical skills in managing enterprises and organizations in various industries of the national economy and take part in this process- practical training report, a reference of the work placement supervisor, the presentation of the report

2. Solve complicated problems in management of enterprises/organizations and come up with innovative solutions to the problems- practical training report, the defence of the report, a reference of the work placement supervisor

Course Content(Calendar)

1. Introduce with the company and the traineeship tasks which will be performed in the company / organization
2. To describe and identify the position and role of the company in the national economy of Latvia, the EU economy and/or in the global context;
3. To describe and assess the pattern of management in the company (institution/organization);
4. To examine the application of modern management methods in companies or organizations;
5. To develop proposals for enhancing the management process and the performance of its elements in the particular company/organization.

6. Prepare a practice report and a presentation of the practice report

Requirements for awarding credit points

The practical training is completed within the specified period, a practical training report is independently produced and successfully defended with the Practical Training Commission at the Institute of Business and Management Science. If the traineeship has not been completed in the required time period, if the traineeship defence has not been taken or has been evaluated with “failed”, it is considered to be an academic debt.

Description of the organization and tasks of students’ independent work

Within the framework of the study course description for independent work is given 240 hours, which consists of: 1) internship in a company / organization; 2) preparation of the internship report in accordance with the content of the internship program; 3) preparation of the presentation of the practice report and defence of the practice

Criteria for Evaluating Learning Outcomes

Final assessment of professional practice - test with a mark. The practice is evaluated in a 10-point system. The lowest successful mark is 4 (almost satisfactory). The assessment is made by the internship defence commission on the basis of the content of the internship report, the results of its internship defence and the reference of the internship manager.

Compulsory reading

1. Adner R. Skaties plašāk: jauna inovāciju stratēģija. Rīga: Jumava, 2013. 270 lpp.
2. Blanchard K. H., Efektīvas vadības noslēpumi Rīga: Zvaigzne ABC, 2009. 117 lpp.
3. Burnes B., Managing change: a strategic approach to organisational Dynamics. / 4th edition. Harlow, England: Financial Times/Prentice Hall, 2004. 623 p.
4. Caune, J., Dzedons A. Stratēģiskā vadīšana: funkcionālā, biznesa un korporatīvā līmeņa stratēģija / Rīga: Balta eko, 2004. 120 lpp.
5. Dāvidsone, G., Organizāciju efektivitātes modelis / Rīga: Organization Development Academy, 2008. 328 lpp.
6. Adkins L. Coaching Agile Teams: A Companion for ScrumMasters, Agile Coaches, and Project Managers in Transition., 2010. 352 p.
7. Bono Ed. Sešas domāšanas cepures. Six Thinking Hats. Rīga: Zvaigzne ABC. 1999. 192 p. 2009.g.

8. Levin G., Wyzalek J. Portfolio Management: A Strategic Approach. Boca Raton, FL: CRC Press John, 2015. 360 p.

Further reading

1. Anderson, D. R., Sweeney D.J., Williams T.A. Quantitative methods for business / St. Paul, (MN): West, 1992. 851 p.
2. Baye M. R., Managerial economics and business strategy / 6th ed. Boston: McGraw-Hill/Irwin, 2009. 623 p.
3. Young J. E. Cases in small business management: a strategic problems approach / New York: Macmillan, 1991. 248 p.
4. Handbook of organizational routines. / Edited by M.arkus C. Becker. Cheltenham, UK; Northampton, MA : Edward Elgar, 2008. 343 p.
5. Handbook of organization development. / T. G. Cummings, editor. Los Angeles: Sage Publications, 2008. 720 p.
6. Dagnino G.B., Cinici M.C. Research Methods for Strategic Management: a Research Methods Handbook. New York: Routledge, 2016. p. 377 p.
7. Kasahara E. Practical Strategic Management: how to Apply Strategic Thinking in Business. New Jersey: World Scientific Publishing, 2015. 139 p.

8. Hopkin P. Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management.. Fifth edition. London: Kogan Page, 2018.453 p.

Periodicals and other sources

1. European Research on Management and Business Economics: ISSN 2444-8834 Elsevier data base
2. Journal of Management and Strategy. ISSN 1923-3965, ISSN 1923-3973
3. International Journal of Business and Management. ISSN 1833-3850, ISSN 1833-8119 (Online)
4. Harvard Business Review: ISSN 0017-8012.
5. British Journal of Management ISSN 1467-8551

6. Dienas Bizness. ISSN 1407-2041

Notes

Compulsory course for the ESAF Professional Master's Degree Program Business Management