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EXECUTIVE MBA PROGRAM**

Web Site of the Department

Head of Program: Guven Alpay

Professors: Vedat Akgiray, Guven Alpay, Gulden Asugman, Muzaffer Bodur, Eser Borak, Mustafa Dilber*, Deniz Erden, Ozer Ertuna*, Turhan Esener*, Ersin
Guredin, Hayat Kabasakal, Ceyhan Kocak, Aysegul Toker, Seyhan Tugcu, Mine Ugurlu.

Associate Professors: Nesrin Okay Akman, Metin Ercan, Deniz Gokce*, Attila Odabasi, Arzu Iseri Say, Cengiz Yilmaz, Fatih Yilmaz*

Assistant Professors: Mehmet Nafi Artemel, Ulas Akkucuk, Sevket Gunter, Ozlem Oz, Cuneyt Yuksel

Instructors: Erhan Altunel, Asli Ascioglu*, Mufit R. Bodur*, Ugur Diril*, Dr. Gunsev Evcimen, Can Malta*, Arman Manukyan*, Dr. N.Irem Nuhoglu, Engin Olcer*, Dr. Atilla Oner*, Oktay Ozinci*, Haluk Selendi*, Ercument Sorusbay*, Bulent Senver*, Sibel Tanberk*, Dr. Ugur Tandogan*, Erdogan Topalhocaoglu*, Omur Yarsuvat*



*Part-time

The executive MBA program provides a one-year course of study for experienced, upwardly mobile managers dedicated to the pursuit of excellence. Participants receive an intense academic and practical management education in an in-depth program that balances leading-edge business theory with the study of leadership and teamwork to arrive at creative solutions to real world challenges. The program focuses on "how to think" rather than "what to think". The aim of the program is to give executives the insight and strategic thinking necessary for driving their organizations into the future with success. The Executive MBA program is being offered by the Institute for Graduate Studies in Social Sciences.

Participants of the Executive MBA Program will master both the details and the entire picture in the local and global contexts. Foundation (core) courses will provide vital management support and breadth, area courses will provide functional knowledge, and policy courses will integrate the program in the context of strategic thinking.

The Executive MBA Program is a "MBA Program without thesis" with a total of 45 credits.

The program is to be completed in one academic year that will be divided into three terms.

** This program is subject to additional tuition and fees.

EXECUTIVE MBA PROGRAM
(without thesis)
First Term Second Term
ADEX 505 Managerial Econ.
3
ADEX 504 Res. Meth. in Business
3
ADEX 510 Financ. Account.
3
ADEX 514 Strategic Mark. Manag.
3
ADEX 520 Organiz. Design and Behavior
3
ADEX 517 Investments and Portfolio Theory
3
ADEX 540 Marketing Strategy
3
ADEX 528 Global Aspects of Management
3
ADEX 570 Business Finance
3
ADEX 550 Operations Management
3
 
15 cr.
 
15 cr.
Third Term
ADEX 574 Manag. Info. Sys.
3
ADEX 508 Eco. Policy Sem.
3
ADEX 509 Strat. Manag. Sem.
3
ADEX -- Elective Courses (3 courses)
2x3
ADEX 599 Term Project
0
 
15 cr.

TOTAL:45 credits.



COURSE DESCRIPTIONS

ADEX 503 Economic Crisis, Companies and Re-Structuring (2+1+0) 2
(Ekonomik Krizler, Sirketler ve Yeniden Yapilanma)

Economic crisis and economic development; the role of short term capital movements; the impact of crises on financial structure and operating results of firms; corporate and financial restructuring plan preparation; designing appropriate strategies; applications on ISE companies.

ADEX 504 Research Methods in Business (Isletme Arastirma Metodlari) (3+1+0) 3
Developing an understanding of the research design process; investigating the alternative and complementary methods in constructing effective research projects; providing the participants with the necessary background, skills and experiential knowledge in designing, applying, interpreting and presenting research studies.


ADEX 505 Managerial Economics (Yonetim Ekonomisi) (3+1+0) 3
Application of economic concepts, tools and models within the framework of the strategic evaluations of a firm; evaluating threats and opportunities imposed by the domestic and international environment as well as the strengths and weaknesses of the company compared to its competitors; economic policies in Turkey and specific economic measures relating to the companies in an industry; evaluating companies' strengths and weaknesses in the areas of product and process technologies, costs, product image, price, human resources, research and development and profitability; strategic evaluation of all critical success factors for a specific company.

ADEX 506 Business Ethics (Is Ahlaki) (2+1+0) 2
Familiarizing the participants with theories, concepts and values underlying business ethics and ethical behavior in organizations, legal, moral, ethical issues and dilemmas in both private and public sectors; analyzing current business and social issues such as privacy, discrimination, social responsibility, environmental problems, bribery, business ethics on the web.

ADEX 508 Economic Policy Seminar (Ekonomi Politikalari Semineri) (3+1+0) 3
Enabling business decision makers, managers, staff and consultants to understand the status of current economic policy making in the short and the long run; providing non-economists with the knowledge of the basic structure of the economy and its important institutions; understanding the functioning of the Turkish economy, while enabling them to make basic short-term forecasts, and to read and fully understand the content and implications of official documents such as stand-by agreements, government annual programs and country-risk assessment reports.

ADEX 509 Strategic Management Seminar (Stratejik Yonetim Semineri) (3+1+0) 3
Changing concepts of strategic management in a global economy; strategic competitiveness and sustainable competitive advantage; thorough analysis of strategic management processes; relevant and accurate inputs from internal and external environments; effective and efficient strategy formulation and implementation; feedback about a firm's strategic actions from various sources; firms' continuous adjustment to changing market conditions; achieving competitive success and earning maximum profits in different market conditions.

ADEX 510 Financial Accounting (Finansal Muhasebe) (3+1+0) 3
Introducing the basic concepts and principles of accounting, preparing the financial statements such as income statement and the balance sheet; detailed analysis of basic accounts in the Turkish context; nature of cost accounting, cost concepts, cost accumulation systems; understanding the break-even and cost-volume-profit analysis.


ADEX 511 Managerial Accounting (Yonetim Muhasebesi) (2+1+0) 2
Decision making implications of information provided by accounting theory; contemporary problems in reporting of financial statements; presentation format of financial statements as required by the Ministry of Finance in Turkey, analysis and interpretation of items appearing on the financial statements; method of financial statement analysis; assigning a project for the analysis of the financial statements of a real Turkish Company.

ADEX 512 Managing Financial Institutions (2+1+0) 2 (Finansal Kurumlarin Yonetimi)
Bank Performance Evaluation; strategies to evaluate and manage net interest margin, non-interest income and non-interest expense; measuring interest-rate risk; modified duration analysis; introduction to financial engineering; Value-at-Risk (VaR), stress tests and risk-based capital requirements.

ADEX 514 Strategic Financial Management (3+1+0) 3
(Stratejik Finansal Yonetim)

Financial strategy formulation and the impact of financial strategies on corporate performance; development of investment and financing strategies and the assessment of the value creation process in corporations; case discussions based on the Turkish business environment.

ADEX 516 Risk Management and Derivatives (2+1+0) 2 (Risk Yonetimi ve Turevleri)
Understanding risk, return, liquidity; the concepts of volatility, price risk, credit risk, country risk, liquidity risk; forwards, futures, options, swaps; hedging with derivatives; measuring, managing and controlling risk; management of balance sheet risk.

ADEX 517 Investments and Portfolio Theory (3+1+0) 3
(Yatirim ve Portfoy Teorisi)

Asset valuation, risk measurement and control; equity markets, fixed-income markets and derivative markets; investments: background and issues; portfolio theory; risk and return, risk aversion, optimal risky portfolios, capital asset pricing model; fixed income fundamentals: principles of bond valuation, duration and reinvestment concepts; option markets: option valuation, futures markets.

ADEX 518 Investment Banking (Yatirim Bankaciligi) (2+1+0) 2
Market making process; mergers and acquisitions; venture capital; new-issues process; initial public offering, seasoned offering, underwriting, firm valuation; special emphasis on the Turkish experience.


ADEX 519 International Finance (Uluslararasi Finans) (2+1+0) 2
The history and the institutional setting of the international financial system and the European monetary system; discussing the technical aspects of the institutional setting with special emphasis on euro-currency capital markets; understanding the spot, forward, future, option and swap markets; analyzing economic factors impacting foreign exchange markets; introducing such basic concepts as purchasing power parity, the real exchange rate, interest rate parity and discussing Central Bank foreign exchange operations and the balance of payments issues.

ADEX 520 Organizational Design and Behavior (3+1+0) 3
(Orgutsel Tasarim ve Davranis)

Fundamental concepts and techniques of formal and informal organizational structures and superior-subordinate-group interrelationships within organizations; analysis of structure, including types of authority, delegation, centralization-decentralization, coordinative structures as well as planning and control functions in organizations; analysis of behavior, including motivations, morale, leadership styles, role conflict, negotiation and teamwork; evolution of structural and behavioral modes vis-à-vis environmental constraints that shaped the scientific management school, functional and human relations schools, contingency systems and post-modern theories.

ADEX 524 Human Resources Management (2+1+0) 2
(Insan Kaynaklari Yonetimi)

Principles of labor relations and personnel management including human resources and career planning, employee selection, orientation, training and development; compensation management, performance appraisal, incentives; job analysis and design; labor unions in Turkey.

ADEX 527 Knowledge Based Management and Organizations (2+1+0) 2
(Bilgiye Dayali Yonetim ve Orgutler)

Introducing the emerging world of knowledge workers and knowledge based firms as the critical competitive differentiators; developing the concepts of knowledge intensive work and firms, professions, management of professional work; exploring discussions on knowledge assets and their value to organizations in terms of products, services, processes and markets; focus on knowledge based organizations, learning organizations, virtual organizations and their implications in the organization of work, innovation and creativity in knowledge management.


ADEX 528 Global Aspects of Management (3+1+0) 3
(Yonetimde Kuresel Boyutlar)

Providing a broad understanding of management from a globalization perspective; using an issues-oriented approach and introducing the tools and frameworks needed to analyze the global business environment; exploring key opportunities and challenges facing a firm; examining strategic issues facing managers; discussing fast growing emerging markets, deregulation, global competition and management; with special focus on strategic alliances, network organizations, knowledge based management, management of human resources, ethics in global organizations and environments.

ADEX 535 Law I (Hukuk I) (2+1+0) 2
Introduction to general concepts of Turkish Law; contracts, formation subject matter, validity conditions, performance and breach of contracts; torts, improper acquisition of wealth, special types of contracts; general principles of Turkish Commercial Law; commercial enterprise, commercial transaction, merchant, commercial firm-name and commercial books; partnerships, general partnership; corporations, incorporation of stock corporations, capital increase, organization, shares and shareholders; companies with limited liability; agreements for franchising, factoring, leasing and licensing; case studies with respect to the foregoing.

ADEX 536 Law II (Hukuk II) (2+1+0) 2
Introduction to unfair competition and antitrust; Turkish laws related to the preservation of competition (vertical and horizontal restraints, price-fixing, etc.); intellectual property law (patents, industrial designs, geographical indicia, trademarks, copyright); legal entities and the liability of their corporate bodies; commercial paper (draft, promissory note, cheque and endorsement); perspective on human resources laws, individual labor law (employment contract, work conditions, termination of employment contract, notice pay and severance pay); collective labor law (formation and application of collective bargaining agreements), case studies; introduction to capital markets law.

ADEX 540 Marketing Strategy (Pazarlama Stratejisi) (3+1+0) 3
The role of marketing in an organization's effectiveness; strategic decisions and analysis at the corporate, market and business unit levels that are necessary in matching company resources with market opportunity; the marketing mix decisions in terms of product offering, pricing, promotion programs and distribution channels; analysis of the marketing environment, consumer behavior, marketing organization and control, as well as specific marketing tools such as targeting, forecasting and research; ethical issues and international considerations in current marketing.


ADEX 541 Global Marketing Management (2+1+0) 2
(Kuresel Pazarlama Yonetimi)

Global marketing strategies within the framework of international competition's dimensions; appropriate responses to parameters which differ from those in domestic marketing and to the new threats and opportunities in the global marketplace; investigation of cultural, economic and political differences with the objective of creating a sensitivity toward market assessment and market entry strategies, as well as the trade-off between standardization and local adaptation.

ADEX 543 Marketing on the Internet and Direct Marketing (2+1+0) 2
(Internet Yoluyla Pazarlama ve Dogrudan Pazarlama)

Examining the impact of the information technology revolution on the practices and transactions of business organizations; familiarizing the participants with emerging new marketing models, theories, strategies and practices of direct marketing and electronic marketing with special emphasis on developing skills in e-commerce and dealing with legal, social and ethical issues related to electronic marketing.

ADEX 546 Advertising Management and Creativity (2+1+0) 2 (Reklam Yonetimi ve Yaraticilik)
The advertising setting and operations in Turkey; the relationships between the advertising department and the advertising agency (selecting the agency, agency compensation, etc); budgeting, media planning, evaluation of advertising; exploration of advertising creativity in terms of the "concept" and "execution" dimensions.

ADEX 547 Services Marketing (Hizmet Pazarlamasi) (2+1+0) 2
Exploring the issues regarding theoretical, conceptual and applied aspects of services marketing; developing a basic understanding of strategic services marketing aspects to assess similarities and differences between goods marketing and services marketing; focusing on strategies for developing a customer-centered mind-set and maintaining competitive positions in the market; exploring the value creation process in service products and the meaning and impact of service quality; investigating relationship marketing in the context of services and examining the post-consumption processes thereof.

ADEX 550 Operations Management (Yoneylem Yonetimi) (3+1+0) 3
Strategic importance of operations management in dealing with competition in today's global markets; illustrating the diagnosis of a business case and an appropriate solution; developing decision-making and problem solving skills while designing a quantitative model in a spreadsheet environment; with emphasis on model formulation and interpretation of results.


ADEX 556 Supply Chain Management (Tedarik Zinciri Yonetimi) (2+1+0) 2
Interdisciplinary approach covering topics from marketing, operations management, technology management and human resources management; discussion of how change is managed and integrated into corporate strategy; key drivers of corporate activity; the impact of integrated technology processes on organizational aspects, marketing and operations management activities; case development based on presentations by executives from technology driven companies.

ADEX 570 Business Finance (Isletme Finansi) (3+1+0) 3
Introduction of the fundamental concepts in finance; relating finance theory to business life with focus on Turkish firms; discussions of cases designed to reflect the Turkish business environment.

ADEX 571 Financial Institutions and Markets (2+1+0) 2
(Finansal Kuruluslar ve Pazarlar)

Financial claims, financial intermediation, financial efficiency and payment systems; deposit institutions, retail, wholesale and international banking; non-bank deposit institutions, thrifts, insurance companies, pension funds, trusts, mortgage institutions; market for securities, government and corporate bonds; money markets, money market funds; foreign exchange markets; derivatives; regulation of financial markets.

ADEX 572 Empirical Finance (Ampirik Finans) (2+1+0) 2
A general overview of the current issues in empirical finance. Time series properties and statistical analysis of various financial data, tests for information efficiency, volatilitiy, value-at-risk and forecasting. Applications involving real data, primarily with spreadsheet.

ADEX 573 Financial Reporting (Mali Raporlama) (2+1+0) 2
Financial reporting according to Turkish tax legislation and Turkish Capital Market Board; financial analysis methods, comparative and common size statements, sources and uses statements, ratio and trend analysis; international accounting, European Union directives, US-GAAP and international accounting standards; the effect of accounting information on capital markets; inflation accounting in Turkey; current issues in financial accounting.

ADEX 574 Management Information Systems (3+1+0) 3
(Yonetim Bilgi Sistemleri)

Role of information systems in creating competitive advantage in changing industry structures and on the uses of information technology which impact and transform an organization; includes the contemporary application of information theory with particular focus on the internet, intranet and extranet; introducing the fundamentals of database systems, design techniques and their use in organizations; use of database systems for strategic and operational decision making.

ADEX 575 E-commerce and e-business management (2+1+0) 2
(E-is ve e-ticaret Yonetimi)

Introducing the unique attributes of e-business and e-commerce; pinpointing the differences about managing in the network economy; describing how e-business and e-commerce enhances the competitiveness of an organization; familiarization with notions, concepts, models, tools, and the practices of business transformation.

ADEX 576 Financial Issues in Entrepreneurship: Implications of Strategic Choices (2+1+0) 2
(Girisimcilikte Finansal Konular: Stratejik Secimlerin Yansimalari)
The growth strategies in an entrepreneurial firm and their financial implications. Characteristics of new ventures and the main financial challenges of the entrepreneur. Financing options at each stage of the development of an entrepreneurial firm. Valuation methods for the privately owned firm. Strategic partnerships adopted by new ventures through rapid growth and harvest strategies. Financial distress at different stages of development. Real- life cases on critical aspects of creating a new venture, deciding on growth and financing strategies, and harvesting choices of the successful enterprise.

ADEX 580 Current Topics in Management (Yonetimde Guncel Konular) (2+1+0) 2
Current issues and trends in management theory and practices in a workshop format with active student participation.

ADEX 584 Special Topics in Marketing (Pazarlamada Guncel Konular) (2+1+0) 2
Current trends and topics of special interest such as: relationship marketing, e-commerce, retailing, marketing ethics and other emerging areas of interest.

ADEX 590 Directed Readings in Operations Management (0+4+0) NC
(Yoneylem Yonetimi Konularinda Yonlendirilmis Okumalar)

Guided readings in operations management. Supervised research on topics of special interest to the individual student.

ADEX 591 Directed Readings in Management and Organization (0+4+0) NC
(Yonetim ve Organizasyon Konularinda Yonlendirilmis Okumalar)
Guided readings in management and organizational studies. Supervised research on topics of special interest to the individual student.

ADEX 592 Directed Readings in Marketing (0+4+0) NC
(Pazarlama Konularinda Yonlendirilmis Okumalar)
Guided readings in marketing. Supervised research on topics of special interest to the individual student.

ADEX 593 Directed Readings in Finance and Accounting (0+4+0) NC
(Finans ve Muhasebe Konularinda Yonlendirilmis Okumalar)

Guided readings in finance and accounting. Supervised research on topics of special interest to the individual student.

ADEX 594 Directed Readings in International Business (0+4+0) NC
(Uluslararasi Isletme Konularinda Yonlendirilmis Okumalar)

Guided readings in international business. Supervised research on topics of special interest to the individual student.

ADEX 595 Special Topics in Finance (Finansta Guncel Konular) (2+1+0) 2
Current developments in both local and global financial markets and institutions.

ADEX 597 Term Project (Donem Projesi) (0+2+0) NC
Directed review of literature and problem formulation. Term paper on a related topic with the approval of the advisor.

ADEX 599 Term Project (Donem Projesi) (0+2+0) NC
Directed research leading to a term paper on a topic of interest to the student, chosen with the approval of the adviser.

Web Site of the Department

Contact Information
Bogazici University 34342 Bebek, Istanbul Tel: 0212 359 54 00