Business Administration
program aims to equip students with a broad range of theoretical knowledge and practical skills of analyzing processes in the various business and economic environment. The program aims to study students basic as well as functional aspects of Business Administration, such as Finances, Marketing, Management, Financial Accounting and Auditing;
program enables students to develop skills necessary for any managerial level and prepare them to effectively fulfil appropriate functions in Management, Economics, Finances, Marketing and Accounting at local and international companies;
program enables students to acquire practical skills necessary for entrepreneurship;
program strives to educate creative-minded professionals who will be competing in local and international labor markets with a healthy ambition to be a leader and have a constant need for development.
LEARNING OUTCOMES
- Students understand and analyze the role of all the core areas of business administration, such as mathematics, statistics, management accounting and financial accounting, economics, finance, information technology, management, and marketing.
- Students analyze theories and practices of business ethics and social responsibility.
- Students use mathematical and statistical tools to discover, analyze and solve business problems.
- Students understand globalization and appreciate cultural diversity.
- Students conduct marketing research and design appropriate and effective marketing mix and strategies.
- Students analyze the challenges of starting their own business; They distinguish between types of business strategies and discuss their planning, implementation and evaluation processes.
- Students identify accounting concepts that enable them to interpret financial data and use it to make informed decisions about the operating performance and financial position of a company.
- Students develop, organize, and participate actively in interdisciplinary cooperation and lead work groups.
- Students establish business plan and prove its feasibility.
- Students produce clearly written analysis and deliver well organized, reasoned and persuasive oral and written presentations in English language.
Below are some of the concepts covered in business administration courses:
Ethics
Business Communication
Critical Thinking
Decision Making
Problem Solving
Technical Competency
Organizational Leadership
Quantitative Reasoning
List of Courses
Business Principles Course
This course provides comprehensive training on skills needed to be successful in several areas, including accounting, finance, human resources management, marketing, operations and planning. Other discussion points include social and corporate responsibility, law and ethics.
Managerial Accounting Course
This course focuses on the cost-volume-profit relationship and using gathered information to make informed decisions. Managerial accounting is often taken as an extension of a financial accounting course because it focuses on transferring learned skills to a management situation. This course forces students to take an analytical approach to budget preparation, cost planning and control.
Introduction to Marketing Course
In an introductory marketing course, students learn about the basic principles and processes of marketing most companies use to grow their business. Specific topics of discussion include identifying target markets, determining a pricing and promotion strategy, developing and launching a product and evaluating consumer behavior.
Microeconomics and Macroeconomics Course
Students take microeconomics and macroeconomics to learn about how markets work. This course focuses on the basic concepts of supply and demand, as well as cost and productivity, in relation to consumer behavior. Economic growth and pricing strategies are also studied through the use of common theories and frameworks.
Organizational Behavior and Management Course
A business can only be as successful as the people working in it, and this course sheds light on the organizational environment through an examination of human behavior, attitude and motivation. The goal of this course is to prepare students to become successful managers by educating them on methods of predicting and controlling their team's behavior.
Business Communications and Critical Thinking: Students will develop skills in critical thinking and decision making through the forms of written communication, including memos, emails, business letters, and reports. Other topics include communication ethics and cross-cultural communications, personal communication styles, solving organizational problems, and the evaluation of an organizations strategic direction.
Introduction to Computer Applications and Systems:Students learn to apply Microsoft® Office tools including work processing, spreadsheet, database, and presentation software to accomplish business objectives.
Management Theory and Practice: This course explores the rich field of management in theory and practice, and as both a science and an art. Students learn to apply management concepts to current workplace issues
Principles of Accounting I: This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise.
Principles of Accounting II: This course introduces accounting concepts in a business environment.
Business Research: Students will learn to apply an understanding of commonly employed business research techniques to improve a situation, solve a problem, or change a process.
Principles of Microeconomics: This course provides students with the basic theories, concepts, terminology, and uses of microeconomics.
Finance for Business: This course introduces the student to the essential elements of finance for business. Topics include: Financial planning, working capital management, capital budgeting, long term financing, and international finance.
Global Business Strategies: The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises.
Careers
Graduates may find a wide range of employment opportunities in the global hospitality and tourism industry. Career opportunities may include front desk accommodation, guest service/housekeeping, sales and marketing, banquets, transportation, food and beverage, attractions, events and conferences, tourism services and golf clubs. After a few years of experience, graduates may pursue supervisory or management positions.
Learning Outcomes
The graduate has reliably demonstrated the ability to
- Support an industry and workplace service culture by adopting a positive attitude and professional decorum, accommodating diverse and special needs, and contributing as a team member.
- Deliver customer service and solutions that anticipate, meet and/or exceed individual expectations, as well as organizational expectations, standards and objectives.
- Use marketing concepts, market research, social networks, sales and revenue management strategies, relationship management skills and product knowledge, to promote and sell hospitality services, products and guest experiences.
- Apply business and revenue models as well as basic accounting, budgeting, financial and administration skills to support the effective management and operation of a variety of organizations delivering hospitality services and products.
- Comply with relevant organization and workplace systems, processes, policies, standards, legal obligations and regulations, and apply risk management principles, to support and maintain efficient, safe, secure, accessible and healthy hospitality operations.
- Use appropriate technologies to enhance the quality and delivery of hospitality services, products and guest experiences and to measure the effectiveness of hospitality operations.
- Keep current with hospitality trends and issues, and interdependent relationships in the broader tourism industry* sectors to improve work performance and guide career development.
- Use leadership, teamwork, conflict and relationship management skills and tools, as well as knowledge of organizational behaviour, labour relations, employment standards and human rights to contribute to a positive work environment.
- Respond to issues and dilemmas arising in the delivery of hospitality services, products and guest experiences, by using and promoting ethical behaviour and best practices of corporate social responsibility and environmental sustainability.
- Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship.
Tuition and related ancillary fees for this program can be viewed by using the Tuition and Fees Estimator tool at fee section.
Fees are subject to change.
Additional program related expenses include: Books and supplies cost approximately ₾ and can be purchased at the store and online.
Application Information
Applications are available online at application section 100 ₾ fee applies.
Applications for Fall Term and Autumn Term admission received by October 1 will be given equal consideration. Applications received after October 1 will be processed on a first-come, first-served basis as long as places are available.
International Student Application Form at Application Section or by contacting the admission Office.
For further information on the admissions process, contact at admission@esm-tbilisi.ge