MG/IB 348 - Management Theory and Practice

This core course focuses on the fundamental concepts, functions and skills of management. It is designed to enhance students´ understanding of effective management; to focus on a thorough and systematic coverage of relevant management theory and practice; to cover fundamental management skills and abilities required to run companies and organizations successfully; and to review the foundations of modern management thought.

Management theories are applied to practical business situations in planning, organizing, leading and controlling of business activities. Students are encouraged to put management concepts and skills into practice by using selected Top Fortune 500 corporations, Top 100 Arab Corporations and Top Trend 500 Companies as well as special sources for case research including actual company information.

The applicability of this course to Vienna is worth emphasizing. Its business school was founded already in 1898, and it is also the birthplace of Peter Drucker, inventor of modern management and the most widely influential management thinker, consultant and writer on the subject of management theory and practice.