As technology continues to develop at a fast pace it is important for the business manager and executive to keep up to date with the latest developments. It does this by identifying the concept and importance of strategic controls, describing the types of strategic controls (such as financial, output, IT, etc.), defining the roles and responsibilities of managers and others in these, proposing a Balanced Scorecard Approach to Strategic Control for all enterprises and organizations and providing examples of a Performance Management Policy, a Corporate Strategic Plan, and a set of audit checklists and Business Performance Measures.
MIBS offers specialized business management programs that focus on providing a strong conceptual foundation with basic business principles required by any business manager in every possible field of corporate finance, economics, strategic planning, marketing and accounting.
Students also need to develop competencies (knowledge, skill, norms and values) in analysing the structure and functioning as well as judging the appropriateness of and adapting safety management control measures and programs to meet the efficacy requirements of managing daily business operations and disasters.
Students must take the following three courses (or equivalent) prior to petitioning for entry to an Economics major: Economics 1 (Introductory Microeconomics), Economics 2 (Introductory Macroeconomics), and one of the following calculus courses: Econ/AMS 11A (Mathematical Methods for Economists), or Math 11A (Calculus with Applications), or Math 19A (Calculus for Science, Engineering, and Mathematics).
Bureaucracy in big companies is an enemy to small business projects within the company which would otherwise be beneficial to the company latter on. Some managers even become somewhat generals calling the shorts on issues that would otherwise require a simple approval.