Master of Management
It has been long recognized that a country’s strong economic and social stability is the foundation of sustainable development. Economy of a country must be stable and has sufficient immunity to withstand the volatility of the global economy. The attention must also be paid to the linkages between the domestic and the international economies to ensure the ability of a country to be competitive. There are two well-known competitiveness rating agencies, namely the IMD World Competitiveness Center (IMD) and the World Economic Forum (WEF). The IMD evaluates a smaller set of countries comprising of 58 countries that have the significant roles in the global economy. On the other hand, the WEF rates both developed and underdeveloped countries. In 2011, Thailand was ranked 27thout of 58 countries by the IMD and ranked 39th from 142 countries by the WEF. However, Thailand’s position has been deteriorating, i.e., the country was ranked 26th by IMD and ranked 38th by WEF in 2010.
Interestingly, both entities view higher education as one of the prominent factors in determining the country’s competitiveness. Thus, higher education and training can enhance the competitiveness of the country. National Institute of Development Administration has contributed to the competitiveness of Thailand. The institute recognizes that the traditional education system is inadequate for the country’s future competitiveness. An innovative method of education is required to cope with the present, future and international standards of education. The education must truly become international in both of methods of management and course instructions. With these changes, National Institute of Development Administration can then further contribute to the development of the competitiveness of the nation. Moreover, the curriculum of the International College of NIDA is consistent with the fact that Thailand has expressed its clear intention to participate in the ASEAN Economic Community (AEC) by the year 2015. This commitment of AEC forces various sectors to adjust their activities accordingly. Higher education is, therefore, required to adapt to these changes since it has a vital role in the creation of knowledge to equip graduates with necessary skills to deal with the changing environment from the establishment of AEC.
The term management covers varieties of activities in directing people to accomplish desired goals or objectives by utilizing available resources efficiently and effectively. Management encompasses those functions relating to planning, organizing, staffing, leading or directing, and controlling an organization for the purpose in accomplishing common goals or objectives. The program covers diverse disciplines of management of business and public sectors. It offers talented students from different cultures around the world an opportunity to enhance their skill in a chosen management concentration. The current majors (or concentrations) include: International Business Management, Financial Management, Marketing Management, Managerial Accounting, Entrepreneurship Management, e-Business Management, AEC-Business Management, Human Capital Management, Policy and Management, and Nonprofit Management.
Expected Learning Outcomes
The learning outcome of Master of Management covers three main aspects (1. Socially intelligence 2.Cross cultural mindfulness and 3. Change initiation). The aspects can be disaggregated into 7 Expected Learning Outcome, ELOs
- The students should develop the ability to analyze their own management situation and be able to adapt themselves accordingly.
- The students should be able to use their learned management tools and be able to systematically analyze their working environment. They should be able to apply this knowledge, and base their decisions, using this knowledge.
- The students should be able to apply major management theories and understand their implications in the context of their specific managerial situation.
- The students should be able to apply their management knowledge in different and varied management cultures.
- The students should have the ability to critically analyze their own current management environment, as well as BE able to initiate alternatives in order to enhance the management experience for all.
- The students should be able to simplify complex ideas and communicate those ideas to others.
- The students should be able to explain new trends in management philosophy and cultural diversity as required in order to ensure smooth functioning in the management environment.
Credit requirements of the program are 36 Credits.
Program Structure or Components
|Courses||Thesis Track||Independent Study Track|
|1. Remedial courses||Non Credit||Non Credit|
|2. Core courses||15 Credits||15 Credits|
|3. Major courses||9 Credits||9 Credits|
|4. Elective courses||–||9 Credits|
|5. Independent study||–||3 Credits|
|6. Thesis||12 Credits||–|
|7. Comprehensive Examination||Examination||Examination|
|Total||36 Credits||36 Credits|
A. Remedial Courses
Remedial courses are non-credit and the test score will not be taken into GPAX calculation. Students without the background in areas specified by ICO NIDA must enroll in the following remedial courses:
MM4001 Professional English for Graduate Studies: Effective Communication in Workplace Settings
MM4002 Fundamentals of Data Analysis
MM4003 Fundamentals of Accounting
MM4004 Fundamentals of Finance
MM4005 Economics for Decision Making
MM4006 Marketing Management
MM4007 Operations Management
- Conditions to take remedial courses are subject to ICO NIDA’s requirements.
- Exemptions from any remedial courses are subject to ICO NIDA’s requirements.
B. Core Courses
Core courses aim to provide students with theoretical knowledge, concepts and tools to analyze management problems. Students must select to enroll the minimum of 15 credits (5 courses) from the following core courses:
MM6000 Global Management Practices
MM6001 Human Capital and Organizational Management
MM6002 Strategic Planning and Risk Management
MM6003 Managerial Information Technology
MM6004 ASEAN Studies: Political, Economic, Social, and Cultural Forces
MM6005 Governance, Ethics, Sustainable Development and Social Responsibility
MM6006 Managerial Economics
MM6007 Research Methodology in Management
Remarks 1. The availability of core courses is subject to ICO NIDA’s arrangement.
C. Major Courses
Major courses aim to provide students with theoretical knowledge, concepts and tools to diagnose problems in the areas of their interests. The students must choose at least one major course from following majors (alternatively, the students may choose to select two major courses):
Both Plan A2 and Plan B require selecting at least 9 credits from the following majors
- Major in International Business Management
- Major in Financial Management
- Major in Marketing Management
- Major in Entrepreneurship Management
- Major in e-Business Management
- Major in Human Capital Management
- Major in Policy and Management
- Major in Nonprofit Management
- Major in AEC-Business Management
D. Elective Courses
MM8100 Special Topics in Management
MM8800 Directed Studies
Other available elective courses are: core courses from other majors in the program, or courses in graduate studies level within or outside ICONIDA. Supervising professors will advise students on course selection.
E. Independent Study (Independent Study Track)
MM8900 Independent Study
F. Thesis (Thesis Track)
MM9004 Thesis 12 Credits
G. Comprehensive Examination