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IB832 - Management in the Global Energy Industry

  • Module code: IB832
  • Module name: Management in the Global Energy Industry
  • Department: Warwick Business School
  • Credit: 10

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

This is the introductory module for the newly designed Global Energy MBA. The objective of the Global Energy MBA course is for the participants to gain the crossfunctional understanding of management practice expected of a leading MBA, combined with an understanding of issues faced by the energy industry. The industry is undergoing substantial changes as increasing global demand competes with concerns about climate change and energy security. These changes are revising the business models and regulatory frameworks across the industry. The course challenges participants to understand, develop and deploy the management practices, business models and regulatory frameworks that will help the industry and society overcome the challenges ahead. This module aims to provide the introduction to the course by achieving three objectives: Reviewing the business activities and individual challenges faced by the sectors within the energy industry; Understanding the interdependencies between sectors as well as the overall challenges and opportunities in terms of management practice, regulation, economic context and political context. As such, it provides the context in which students are expected to apply management theory from across the business disciplines in this and subsequent modules; Assessing the managerial skills needed for success in the industry - requiring the participants to review their own skills and set personal goals for the knowledge and capabilities they will seek to develop during the course. Through the programme, participants will be required to think of the industry as a system that operates within a combination of physical, commercial, regulatory and political frameworks, and develop their understanding of how individuals and companies have influence in the pursuit of business objectives. Their personal experience to date will probably be through the perspective of one function in one sector of the industry and they will be challenged to develop the broader perspective. This will provide the stage for the subsequent core modules and electives which will address particular management disciplines or industry issues.

Principal learning outcomes

SUBJECT KNOWLEDGE AND UNDERSTANDING: Show increased knowledge of all sectors within the global energy industry and of key current events; Demonstrate an increased awareness of political and regulatory framework within which the industry operates, and the goals that governments and society seek to achieve; Understand why business must cope with uncertainty and risk, often using complex models and simulations to aid decision-making. COGNITIVE SKILLS: Demonstrate a systems thinking approach to the industry, both in economic terms and in terms of the social and political context it operates within; Make the connection between business activity and the management practices, business models and regulatory frameworks that managers can deploy or influence; Explain the uncertainties inherent in business decision-making and so develop the managerial skills needed for dynamic nature of management at senior levels.KEY SKILLS: Demonstrate the ability to scale between functional detail, individual business situations and industry context & translate this into effective written work, oral communication and presentation skills; Demonstrate group/team work in contributing their own experience while understanding the experience of others.

Timetabled teaching activities

Total contact hours: 40 hours; Lectures & simulation sessions during residential week: Two per day over five days, ie 10 @ 2.5hrs each = 25; Group working sessions during residential week: One per day over 5 days, ie 5 @ 2hrs each = 10; Guest speakers, in residential session or by webcast: 5@ 1hr = 5hr; Module duration (weeks, if applicable): Overall module duration is 10 weeks; Other (please describe):e.g. distance-learning, intensive weekend teaching: Guest speakers to be selected and invited. A business simulation exercise to be run through the week; either illustrating oil & gas exploration or refining & trading.

Departmental link

https://my.wbs.ac.uk

Module assessment

Assessment group Assessment name Percentage
10 CATS (Module code: IB832-10)
A (Assessed work only) Assessed Course Work 100%

Module availability

This module is available on the following courses:

Core
  • Postgraduate Award in Energy Futures & Transitions (N10A) - Year 2
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 10
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 2
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 3
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 4
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 5
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 6
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 7
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 8
  • Postgraduate Taught Business Administration (for the Global Energy Industry) (N1PN) - Year 9
Optional Core

N/A

Optional

N/A