MBA+

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MBA+ PROGRAM OVERVIEW
Program Name
  • Master of Business Administration in Innovation and Entrepreneurship
Program Short Name
  • MBA+
Mode of Study
  • Part-time
Normative Program Duration
  • 2 years
Tuition Fees
  • RMB 450,000 per program
Program Advisor
  • Prof Shaozhou QI
Introduction

The MBA in Innovation and Entrepreneurship (MBA+) provides a curriculum with insights from areas of business, science, and engineering as well as hands-on experience in venture capital investment and entrepreneurship. The program can also serve as a platform connecting and integrating research in science and engineering, business education, and innovation in the private sectors. The MBA+ program attracts people who have great curiosity and potentials to initiate/assess startup ideas with or without working experience.

This program has three distinguishing features as compared to the other programs.

First, compared to traditional MBA programs in the world, the MBA+ program emphasizes more on innovation and entrepreneurship. And compared to other MBA programs in innovation and/or technology management, the MBA+ program incorporates the whole ecosystem of innovation (venture capital and entrepreneurship) in the curriculum, so that our graduates can develop both venture capital thinking and entrepreneurial design thinking skills.

Second, the MBA+ program utilizes project-based and evidence-based learning methods, so that students can obtain hands-on experience in conducting market and firm analysis, making venture capital investments, and/or implementing startup initiatives.

Finally, consistent with the cross-disciplinary academic structure of HKUST(GZ), the MBA+ program leverages the strong research environment and achievements in science and engineering at both campuses of HKUST. Students in the program will identify a particular “X” area in science and technology, which is related to the market or startups they will select in the project-based modules. Then they will take relevant courses in the “X” area and have opportunities to work together with faculty from both campuses of HKUST, to gain deeper knowledge in the chosen area and possibly bring faculty’s research findings to the private sectors.

Learning Outcomes
On successful completion of the MBA+ program, graduates will be able to:
MBA+
01
Create or assess innovation and startup initiatives based on venture capital thinking and entrepreneurial design thinking.
02
Analyze business problems from each of the managerial disciplines of management education, and make integrated business decisions.
03
Develop the skills to communicate clearly across multiple stakeholder groups and functional topics.
MBA+ PROGRAM SPECIFICS
Curriculum

Minimum Credit Requirement
45 credits

1
Cross-disciplinary Core Courses

2 Credits

All students are required to complete UCMP 6030.


UCMP 6030

Cross-disciplinary Design Thinking I

2 Credit(s)

Description

This course focuses on user-collaborative design methods for generating inclusive product solutions that integrate stakeholder and product functionality perspectives. Students will create specified product/process/policy/protocol/plan (5P) concept models through the use of recursive user feedback engagement methods, experimental prototyping, and divergent and convergent ideation strategies. Featured topics include design thinking; stakeholder research; concept development, screening, and selection; and interaction design.

2
Hub Core Courses

4 Credits

Students are required to complete the Society Hub core course SOCH 5000 and at least one Hub core course from other Hubs (FUNH/INFH/SYSH 5000).


Society Hub Core Course

SOCH 5000

Technological Innovation and Social Entrepreneurship

2 Credit(s)

Description

This course discusses both opportunities and risks that technological breakthrough has brought to the human society. What would be the policy responses required to maximize its positive benefit and minimize its social costs? In particular, how could we utilize the technological advancement, entrepreneurial thinking to address the challenges our societies are facing, such as job loss/unemployment, income inequality and societal polarization, environmental degradation, health disparity, population aging, and among others. The course uses either case studies or cross-country and time-series data analyses to facilitate the discussion of various social issues and look for innovative solutions of in the real world.

Other Hub Core Courses

FUNH 5000

Introduction to Function Hub for Sustainable Future

2 Credit(s)

Description

This course covers background knowledge in the thrust areas of the Function Hub, including Advanced Materials, Sustainable Energy and Environment, Microelectronics, and Earth, Ocean and Atmospheric Sciences.

INFH 5000

INFH 5000 Information Science and Technology: Essentials and Trends

2 Credit(s)

Description

This inquiry-based course aims to introduce students to the concepts and skills needed to drive digital transformation in the information age. Students will learn to conduct research, explore real-world applications, and discuss grand challenges in the four thrust areas of the Information hub, namely Artificial Intelligence, Data Science and Analytics, Internet of Things, and Computational Media and Arts. The course incorporates various teaching and learning formats including lectures, seminars, online courses, group discussions, and a term project.

SYSH 5000

Model-Based Systems Engineering

2 Credit(s)

Description

Model-based systems engineering (MBSE) is a contemporary systems engineering methodology that uses conceptual models for communication between system architects, designers, developers, and stakeholders. Object-Process Methodology (OPM) is an MBSE language and methodology for constructing domain-independent conceptual models of all kinds of systems. The course provides students with basic knowledge and tools for MBSE, focusing on conceptual modeling of systems, giving learners a competitive advantage over their peers.

3
Accelerators on Data Analysis, Accounting and Python

3 Credits


MBAX 5110

MBA Accelerator – Accounting

1 Credit(s)

Description

This pre-program course aims to provide elementary or refreshing knowledge in financial accounting, managerial accounting and finance to prepare students for the academic demands and rigor of MBA courses. The course will also cover the basic business concepts, financial statement analysis, cost classifications and how to do managerial decisions. Graded P or F.

MBAX 5120

MBA Accelerator – Python

1 Credit(s)

Description

This pre-program course aims to provide elementary or refreshing knowledge in technical skills to prepare students for the academic demands and rigor of MBA courses. Python is used for creating high-level abstractions for well written and well-optimized frameworks, where business applications rely on. The course will cover Python programming language for developing business applications, the practical libraries and packages. Graded P or F.

MBAX 5130

MBA Accelerator – Data Analysis

1 Credit(s)

Description

This pre-program course aims to provide elementary or refreshing knowledge in quantitative and analysis hard skills to prepare students for the academic demands and rigor of MBA courses. It will cover data and variation, probability model and association between random variables at introductory level. Graded P or F.

4
Required Courses

13 Credits


MBAX 5010

Financial Accounting Foundations

1 Credit(s)

Description

This course provides introduction to accounting concepts, preparation and interpretation of financial statements.

MBAX 5020

Managerial Microeconomics

1 Credit(s)

Description

This course uses economic analysis to analyze market demand and supply, examine strategic behavior, and investigate the impact of competition on business decisions.

MBAX 5030

Corporate Finance

1 Credit(s)

Description

This course covers corporate finance topics, including valuation of cash flow streams, capital budgeting decisions and valuation of securities.

MBAX 5040

Information and Technology Management

1 Credit(s)

Description

This course provides a general manager’s perspective on the strategic roles of information systems and technology in companies. It also discusses strategies on information systems and technology management.

MBAX 5050

Marketing Strategy and Policy

1 Credit(s)

Description

This course discusses how to develop strategic marketing objectives and implement marketing strategies through pricing, distribution channels, promotion, and new-product decisions.

MBAX 5060

Operations Management

1 Credit(s)

Description

This course investigates the management of business processes, including operations strategy, process analysis, inventory and revenue management, service management, and other important issues.

MBAX 5070

Strategic Management

1 Credit(s)

Description

This course will introduce major techniques and approaches to the development and implementation of corporate strategies. It will also discusses internal and external competitor analysis and evaluation of strategic options.

MBAX 5080

Strategy for Innovation and Entrepreneurship

2 Credit(s)

Description

This course utilizes both theory and best practices to help students become familiar with the development and implementation of innovative technology or business models. It also examines economics and strategies related to innovation and entrepreneurship.

MBAX 5090

Venture Capital Fundamentals

2 Credit(s)

Description

This course covers a comprehensive overview of the venture capital (VC) cycle from raising a VC fund, portfolio construction, opportunity assessment, deal valuation, deal structuring, corporate governance to harvesting investments.

MBAX 5100

Business Communication and Negotiation Skills

2 Credit(s)

Description

This course allows students to improve their ability to communicate efficiently and effectively as an entrepreneur, a venture capitalist, or a business leader. It also helps students to develop negotiation and dispute resolution skills through simulations.

5
Elective Courses

8 Credits

Students can take the following courses to meet the elective course requirement:

i. “X” Area Elective Courses  4-6 credits
"X" Areas may include financial technology, sustainability, AI, smart manufacturing, advanced materials, biomedicine, etc. Students should identify one ore more non-business area “X” and take related courses, subject to approval by the Academic Director.

ii. Other Elective Courses  2-4 credits
Students can take other electives, subject to approval by the Academic Director.

6
Project-based Modules

12 Credits

Students are required to complete two project-based modules.


MBAX 6010

Apprenticeship Module on Entrepreneurship and Venture Capital

4 Credit(s)

Description

Students (in groups) select some existing startup companies in a particular area, conduct market and firm analysis, and evaluate investment opportunities from the venture capital perspective. At the end of the module, students will present their analysis to a panel of faculty and venture capitalists. Graded P or F.

MBAX 6020

Innovation and Entrepreneurship Lab

8 Credit(s)

Description

Built on their findings from MBAX 6010, students in this project-based module can choose multiple tracks: developing and implementing their startup initiatives, working together with one existing startup company, or making investments together with venture capital firms. Graded P or F.

7
Career Activities

3 Credits

Students are required to attend career-related workshops/seminars, and/or study tours organized by the program.


MBAX 6100

MBA Career Development Program

3 Credit(s)

Description

Students are required to attend career-related workshops/seminars, and/or study tours organized by the program. Workshops and training sessions can keep students exposed to valuable career connections, abreast with the latest development in the commercial world. Through these career development activities, students will get to evaluate their own strengths and weaknesses, identify areas for improvement, collect feedback on interview techniques, further improve and formulate a personalized strategy to develop their career goals. Graded PP, P or F.

MBA+ ADMISSION
Admission Requirements
1
General Admission Requirements of the University

Applicants seeking admission to a master's degree program should have obtained a bachelor’s degree from a recognized institution, or an approved equivalent qualification.

2
English Language Admission Requirements

Applicants have to fulfill English Language requirements with one of the following proficiency attainments:

TOEFL-iBT: 80*

TOEFL-pBT: 550

TOEFL-Revised paper-delivered test: 60 (total scores for Reading, Listening and Writing sections)

IELTS (Academic Module): Overall score: 6.5 and All sub-score: 5.5

* refers to the total score in one single attempt

Applicants are not required to present TOEFL or IELTS score if

their first language is English, or

they obtained the bachelor's degree (or equivalent) from an institution where the medium of instruction was English.

To qualify for admission, applicants must meet all of the following requirements. Admission is selective and meeting these minimum requirements does not guarantee admission.

Enquiry

Master of Business Administration in Innovation and Entrepreneurship
Email: mbaplus@hkust-gz.edu.cn

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