The beginning of 2025 is a great time to review your career goals and consider pursuing a Master of Business Administration (MBA) through TMC Academy.
The MBA through TMC Academy is awarded by the University of Northampton and is globally recognised as a postgraduate qualification for students looking to extend their career options or seek promotion in their current organisation to executive roles.
There are several key advantages of studying for an MBA with TMC Academy.
TMC Academy provides a comprehensive curriculum in its MBA program
The MBA program covers a broad spectrum of business disciplines and skills that ensure students understand the business world and can immediately apply the skills they learn in the classroom to real-world challenges.
TMC Academy’s MBA program is industry-relevant
TMC Academy’s Industry Advisory Board facilitates the review of the TMC curriculum to ensure it is industry-relevant. The Board also advises TMC on industry attachment and appropriate job placement opportunities for TMC students. This ensures that students graduate aware of current industry practice and emerging trends.
TMC Academy provides a nurturing learning environment for studying an MBA
TMC Academy's tagline is “Every step with you.” The Academy meets this tagline by fostering a supportive and collaborative learning environment where students are encouraged to develop their personal and professional potential and where they have the theoretical knowledge and practical skills necessary to navigate the complexities of the business world effectively.
By choosing TMC Academy for their MBA, students gain a valuable education and invest in their future.
Why an MBA is essential in Singapore.
In 2023, 83% of companies in Singapore confirmed they had difficulty hiring individuals with the right skills. This shortage is particularly noticeable in data science, medicine and FinTech industries.
In addition to this difficulty, Singapore will need to hire 1.2 million digital workers in 2025 to remain competitive.
Given this shortage, individuals with the right technical skills and personal qualities developed through the MBA program are well-placed to succeed and become leaders in their chosen professions.
The highest demand for technical skills is in IT and data. The top five personal qualities that industries look for are:
Critical thinking and analysis.
Creativity and originality.
Leadership and social influence.
Resilience and adaptability; and
Reasoning and problem solving.
In their MBA program, TMC Academy not only provides students with the necessary technical skills to succeed, they also provide opportunities for students to develop the personal qualities that industries are seeking in their employees.
The modules studied in the MBA program
TMC's mission is to deliver high-quality, industry-relevant skills for global careers, and this is evident in the modules that make up the MBA program.
HRMM079 Skills for MBA Study
This unit focuses on developing essential skills for MBA students, such as critical thinking, research techniques, and academic writing. While these skills are initially used to succeed in the MBA degree, they also apply to industry. As noted above, the top personal quality industries seek staff members who can think critically and analyse situations effectively.
STRM085 Strategy and Decision Making
This module covers strategic planning, decision-making processes, and the tools and techniques necessary to analyse business strategies.
Strategy and decision-making skills are crucial for several reasons:
Businesses need to have a well-defined strategy to ensure the projects they are doing deliver the most value to the organisation and lead to the sustainability and profitability of the company.
Effective decision-making skills ensure the optimal allocation of resources, budget, personnel, and technology and safeguard the efficient and effective use of those resources to achieve a successful outcome.
Strategic planning and good decision-making skills assist in identifying potential risks and mitigation strategies. Businesses with a global reach need to identify and manage potential risks to minimise any negative impact on service delivery and operations.
Strategy and decision-making skills also assist the business in complying with all regulatory and legal requirements, including confidentiality and security of clients' information.
BSOM084 Practical Data Analysis for Business
In this unit, students learn how to apply data analysis techniques to solve business problems.
Analysing data effectively is essential in today’s business world for several reasons. It
Provides businesses with insights that enable them to make informed decisions quickly.
Increases efficiency by identifying areas where processes can be optimised, helping streamline operations and reduce costs.
Provides insights into customer behaviour and preferences, allowing businesses to tailor their products and services, enhancing customer satisfaction and giving businesses a competitive advantage.
Provides cost savings to businesses by uncovering inefficiencies and areas where resources are wasted.
The Singaporean government recognises that effective data analysis is crucial to successful businesses. Organisations like Infocomm Media Development Authority (IMDA) and the Competition Commission of Singapore (CCS) actively promote the adoption of data analytics, particularly among small—and medium-sized enterprises, so that they can unlock the potential of data to drive growth and success.
FINM074 Measuring Organisational Performance
This module provides students with the tools and skills required for measuring and evaluating the performance of an organisation.
Measuring organisational performance involves assessing various aspects of a business, including:
Key Performance Indicators (KPIs) are the specific targets used to evaluate an organisation's success in achieving its objectives. Specific targets can include revenue growth, customer satisfaction scores, and employee turnover rates.
Financial metrics including balance sheets, income statements, cash flow statements, return on investment (ROI), and liquidity ratios assess the organisation's financial health.
Operational efficiency involves evaluating the performance of the business processes, such as inventory turnover rates and downtime due to operational processes.
Customer Metrics such as customer satisfaction scores (CSAT) and customer retention rates are crucial because customer satisfaction and loyalty are crucial to the long-term success of many businesses.
Employee performance and engagement. These metrics may include employee satisfaction surveys and turnover rates and can assist in building a motivated and productive workforce.
Market performance involves understanding how the organisation performs in the market compared to its competitors. This includes assessing market share, brand recognition, and competitive analysis metrics.
Understanding and having the skills to measure organisational performance are essential to assessing the business's efficiency, effectiveness, and overall health and ensuring it is on track to meet its goals and strategic direction.
BSOM083 Digital Business
Digital business focuses on the overall transformation and integration of digital technologies in a company and their impact on operations. Digital technologies include e-commerce, digital marketing, mobile apps, social media, and cloud computing.
Digital technology transformation and integration enable a company to improve its business model, customer experiences, and internal capabilities that support its core operations.
The goal of transforming and integrating digital technologies is to enhance customer experiences, streamline operations and potentially open new revenue streams for the business.
HRMM080 Ethical and Responsible Leadership
In Singapore, as in other parts of the world, business leaders face significant ethical challenges across many areas. For example;
Balancing workplace productivity with employees' mental well-being. Unethical work practices, such as exploiting workers, impact a company's reputation.
Navigating cultural sensitivities in a multicultural society.
Accountability in governance and having open and transparent policies and practices.
Environmental responsibilities and ensuring workplace practices do not damage or negatively impact the environment.
The responsibility to ensure privacy and confidentiality of clients' records in a digital environment.
Acting ethically and responsibly is a moral obligation and critical to maintaining trust, fostering sustainable growth, and upholding the company’s reputation. Integrity in leadership is indispensable for long-term success and societal harmony.
This course emphasises the importance of ethical and responsible leadership in business.
MKTM047 Marketing Innovation
Marketing innovation is essential for a global hub like Singapore because it empowers businesses to remain relevant, engage with evolving consumer needs and drive sustainable growth.
Markets continue to evolve rapidly due to changing consumer behaviour, technological advancements and global competition. Marketing innovation enables businesses to stay competitive by adopting new strategies and techniques that resonate with their client base.
The rise of AI, blockchain, and the metaverse is driving technological advancements. Marketing innovations help business leaders understand how to use these new technologies effectively to reach modern audiences in ethically responsible ways.
Market innovation can also drive business growth by uncovering untapped markets, improving brand awareness and boosting revenue by identifying new ways to meet customer needs.
ECONM023 Economic Analysis and Value
This unit equips business leaders with the tools to understand and solve real-world economic issues. It is a journey through how resources are utilised and distributed.
Some of the topics under the umbrella of this unit include
Value determination – understanding how value is created, measured and allocated in different markets and economic systems.
Cost-benefit analysis – learning to assess the economic viability of projects and policies by comparing their costs and benefits.
Policy Impact – studying how government policies influence economic stability, growth and welfare; and
Global economic systems, which explores how global trade, finance and economic policies impact different nations.
BSOM085 Enterprise in the Circular Economy Value Chain
In contrast to a linear economy, the circular economy focuses on creating closed-loop systems that minimise waste, optimise resource use, and promote material reuse, repair, and recycling throughout the value chain.
Businesses in the circular economy play key roles in designing, producing, and delivering goods and services that align with circular principles while collaborating with suppliers, customers, and other stakeholders to close the loop in their value chains.
Studying this unit prepares students to:
Lead and manage sustainable business transformations.
Develop innovative solutions to resource scarcity and environmental challenges.
Meet consumer and regulatory demands for sustainability; and
Drive economic growth through innovative and responsible business practices in the 21st century.
FINM081 Major Project
This is the last unit in the MBA program. It is the capstone project, where students apply the knowledge and skills they have learned from the above units to a real-world business problem, culminating in a comprehensive project report.
The MBA programme through TMC Academy is a comprehensive degree that provides students with the skills they need to give them an advantage in a competitive work environment.
The MBA provides students with the opportunity to study organisations in different fields, gain experience, and interact with other professionals from various backgrounds, enhancing the experience of studying for this degree.
You can find further information here if you want to accelerate your career by studying for an MBA.
Kommentare