Electives

See the business world from all angles through our astonishing choice of more than 70 electives. Complete a minimum of ten and a maximum of 12 and study the subjects that will prepare you for your dream job.


Electives allow you to network with, and learn from, students across the School community and from around the world. They are available to students from all of London Business School degree programmes and visiting international exchange students. Imagine sitting next to a successful senior manager/entrepreneur (on our Sloan programme) or a finance specialist (on our Master in Finance programme) – the cross-generational learning is unmatched.


If you have a job offer – or a completion date in mind – electives can be scheduled in intensive block weeks or spread across a term on weekdays, evenings and weekends to fit in with your schedule.


Languages


You can opt to take up to two language courses at London Business School as part of your 10-12 required electives. The School offers the following language courses: French, Spanish, Mandarin, Arabic, Portuguese, German and Russian.

Even if you have already met the language exit requirement, you are free to take another language as an elective. 

Management Report


Apply the knowledge you have acquired in the classroom and gain valuable business experience by undertaking a management report – a consultancy exercise delivered for a client organisation. This option can be taken during your second year. Project themes are extremely wide ranging, cutting across many business functions and industries. Past project sponsors have ranged from global corporations to NGOs, all with a significant, tangible business problem to be analysed and evaluated. 

Select a subject area below to see the 2014/15 electives, but don’t let these groups restrict your choices. You can select electives from several different subject areas. Please note that the elective portfolio changes from year to year. These are the courses on offer to the current class.


Accounting

  • Financial Analysis of Mergers and Acquisitions

    Lecturer: Eli Amir

    Enhance your ability to relate economic events to financial treatment, on this course covering methods of accounting for corporate restructurings, issues related to goodwill, acquisitions provisions and tax and financial reporting implications.

  • Financial Statement Analysis

    Lecturer: Shivakumar Lakshmanan and Art Kraft

    Learn how to meaningfully interpret financial reports, construct measures of financial performance and analyse the reporting choices made by companies. 

    Financial reports are the primary means by which managers communicate company results to investors, creditors and analysts. They are used to judge company performance, assess creditworthiness, predict future financial performance, and analyse possible acquisitions and take-overs. 

  • Securities Analysis and Financial Modelling

    Lecturer: Lakshmanan Shivakumar and Scott Richardson

    Planning a career in investment banking, consulting, equity research, credit analysis or fund management? This course is particularly appropriate for you and focuses on the tools and techniques of securities analysis and the development of a framework for making investment decisions.

    Learn about fundamental analysis ("bottoms up", firm-level, business and financial analysis) and develop financial models for determining the intrinsic value of a firm's stock.

    Your organisation’s financial statements provide the main source of information for analysis. Develop the analytical framework necessary to understand your business performance and financial structure, and learn how to produce a full financial model of your company.

    The framework can also be used by investors and outside analysts to appraise and value companies, as well as covering alternative methods of appraisal and valuation. 

  • Private Equity and Venture Capital

    Lecturers: Eli Talmor and Florin Vasvari

    Gain a practical understanding of the forces shaping the fast-moving private equity industry. Develop a solid understanding of the concepts, techniques, instruments and institutions involved in private equity investment. Address the various segments of private equity, including new venture finance, corporate venture capital and buyouts. Focus on technology sector and turnarounds - segments which comprise the majority of private equity investing.

    Get a taste of the different stages of investment in a venture firm: from initial entry to exit strategy through our five theme structure: venture capital contracts, valuation, deal processing and dynamics, the structure of the private equity market and harvesting.

    Complete this elective with a comprehensive private equity toolkit and the skills to drive organisational growth. 

Economics

  • Behavioural Economics and Decision Making

    Lecturers: David Faro and Emre Ozdenoren

    Enable yourself to address systemic errors in management and consumer decisions, through an understanding of the reasons behind them. 

    Biases in judgement can lead managers to overpay for acquisitions, persist in investing in losing projects, hire the wrong people and design products that result in customer dissatisfaction. 

    Consumers make similar errors (overpaying for warranties, buying products they do not use and not buying ones they may later wish they had).

  • Emerging Markets

    Lecturer:  Ben Broadbent

    Learn how to evaluate the risks and gains from doing business in the main emerging markets of Eastern Europe, Latin America, South East Asia and Africa using a detailed framework.

  • European Financial Markets

    Lecturer:  Richard Portes

    Explore the world's leading case of economic integration – The European Union. Since 1990, it has been progressing towards an integrated financial area, culminating in monetary union (EMU). Get answers to questions like:

    • How does the European Central Bank differ from the Fed?
    • Will the euro compete with the dollar as an international currency?
    • Can European capital markets challenge the US for international portfolio managers and non-European issuers?
    • Will Europe soon have serious venture capital and junk bond sectors?
    • Will the European banking sector experience a deep wave of cross-border restructurings?
    • Will European securities exchanges merge – or disappear?  

  • Global Capital Markets and Currencies

    Lecturer:  Hélène Rey

    Obtain tools for assessing the impact of economic policy shocks and financial disturbances on financial markets, exchange rates, and capital flows. 

    This elective is perfect for you if you have career interests in investment analysis, asset management, capital markets, hedge funds, corporate finance and the finance/treasury function of corporates. It would also suit you if you are seeking further understanding of the international macroeconomy.


  • Incentives in Organisations

    Lecturers: Madan Pillutla and Jean-Pierre Benoit

    Understand how incentive regimes affect employee productivity and organisational effectiveness through both psychology and economics.  Learn how and why individuals deviate from their usual rational responses to incentives.

    Examine subjects such as compensation, social exchanges, coordination, intrinsic and extrinsic motivation, free-riding, principal-agent models and the implications of asymmetric information and the incompleteness of contracts. 

    The course uses models developed in micro-economics and psychology. 

  • Thinking Strategically

    Lecturer:  Jean-Pierre Benoit and David Myatt

    Forecast and understand the actions of your rivals and learn to formulate a good strategic response. 

    Gain a working knowledge of the methods and results of modern game theory as applied to business strategy. 

    Focus on strategic interactions between firms (such as product positioning, R&D competition and mergers), within firms (incentive contracts and bargaining), and between buyers and sellers (including asymmetric information, market design, vertical contracting and licensing). 

  • World Economy: Problems and Prospects

    Lecturers:  Lucrezia Reichlin, Elias Papioannou, Paolo Surico and Linda Yueh

    Deepen your understanding of the way the global economy is evolving by considering current topical issues. 

    Gain further experience in economic analysis and develop knowledge of what the global economic environment is likely to be five years after graduating. 

    Understand the likely behaviour of financial markets and the general business background as well as the issues facing governments in their policy choices.

     If you are seeking a career in finance, international consulting or have a general interest in global issues this is the elective for you.

Finance

  • Advanced Corporate Finance

    Lecturers: Brandon Julio and Silva Rui

    Discover how to apply the theoretical concepts covered in other finance courses to real-world corporate finance problems. Through cases and discussion of topical issues learn how to fill the gap between rigorous finance theory and its application to practical problems.

  • Behavioural Finance

    Lecturer: Samuli Knupfer

    Get a foundation in the two building blocks of behavioural finance:

    Limits to arbitrage – a response to the classic critique of behavioural finance that states irrational traders cannot have a long term impact on financial markets because rational traders will always reverse any dislocations through arbitrage.

    Psychology – understand the most common kinds of errors made by decision-makers through the psychology side of this elective.

  • Capital Markets & Financing

    Lecturers: Francisco Gomes and Vikrant Vig

    Gain a broad conceptual and practical platform for analysing issues in corporate finance. Examine the financing activities of firms, how firms raise capital and the implications of various financial decisions. In particular examine equity issues, dividend policy, corporate debt, and hybrid forms of financing such as convertibles and warrants. This course also provides an introduction to options. 

  • Credit Risk

    Lecturer: Stephen Schaefer

    Develop an in-depth understanding of credit risk and credit derivatives, with a focus on modelling and valuation. Understand the balance between developing a conceptual framework and market understanding and insight. Learn about topics including: historical default experience and recovery rates, applications of structural models and default-intensity models of credit risk and credit spread options.

  • Derivatives

    Lecturer: Peter Feldhutter

    Become a skilled, informed user of derivatives. Acquire robust conceptual knowledge of the fundamental issues that determine the valuation and behaviour of these instruments, plus a thorough grounding in both the real-world details of the products and in the models used to analyse them. As mathematical models are central to both the existence and functioning of modern derivatives markets, the course is highly quantitative. 

  • Equity Investment Management

    Lecturer: Ralph Koijen

    Study the most important theoretical concepts in the field of investment management. Examine whether these theories are supported by empirical evidence, and identify the practical implications for investment professionals.

    The course emphasises topics where research provides an important message for professional management of the investment function. If you are working in investment or seeking to open up career opportunities in asset management, this elective is for you. It will also be valuable if you have contact with investors, fund managers, investment consultants or investment organisations.

  • Financial Engineering and Risk Management

    Lecturer: Suleyman Basak

    Gain the necessary skills to value and hedge a wide variety of derivative contracts. Take a systematic, unified approach to the pricing of derivatives and adopt cutting-edge methods throughout. Continuous-time mathematics is used as the main tool of analysis. The course is necessarily quantitative and symbolically oriented, although practical applications are emphasised. 

  • Fixed Income Securities

    Lecturer: Suleyman Basak

    Undertake a rigorous study of fixed income securities on this quantitative course, which requires some background in calculus and statistics. 

    Learn how to manage interest rate risk, how to value securities with cash flows that are sensitive to movements in interest rates and how to determine the optimal exercise policy for a variety of embedded options in fixed income securities. On the course you take the viewpoint of a bond investor or trader, but the course is equally valuable for those working in corporate finance who need to understand similar material. 

  • Hedge Funds

    Lecturer: Narayan Naik

    Learn about the hedge fund industry, which has grown rapidly over the last decade and is gaining recognition as an alternative to the traditional mutual fund investment. Examine the reasons for this, the modus operandi of hedge funds, their legal, organisational and operational structures, their risk-return characteristics, their model of aligning the interests of investors and managers and the likelihood of their success in the future. 

  • International Finance

    Lecturer: Christian Heyerdahl-Larsen

    Gain an integrated view of international financial markets and the management of multinational firms, with a focus on the markets for spot exchange, currency forwards, options, swaps, international bonds and international equities. Study the valuation of instruments traded in these markets.  

    Understand the application of these instruments to exchange rate and country risk, financing in international capital markets, and international capital budgeting in the presence of multiple currencies, international tax regulations and sovereign risk. 

  • Mergers, Management Buyouts and Other Corporate Reorganisations

    Lecturers: Julian Franks, Stefan Lewellen and Karl Lins

    Learn about the several forms of corporate reorganisations, including mergers and acquisitions, reorganisation through workouts and bankruptcy, divisional spin-offs and divestitures, and leveraged buyouts.  

    Examine the process of managing reorganisation, the role of the investment bank and other specialists, regulation and cross-country comparisons. The course will have a strong conceptual approach, with an emphasis on why mergers and other reorganisations take place, what their role in the economy is, and how they perform from the viewpoint of shareholders and other parties. 

    Real case studies and outside speakers will provide the applications of the course. 

  • Real Estate Finance

    Lecturer: Joao Cocco

    Gain the concepts and tools you need to understand real estate markets and manage real estate assets with a focus on value creation. Most of the course will focus on commercial real estate. Topics covered include valuation and investment analysis, financing, economic, legal, political and taxation issues and recent trends and challenges. 

  • Topics in Asset Management

    Lecturer: Bob Jenkins

    Take a tour of the world of investment management, learning about asset management in practice and prepare for a career in investment. 

    Find out what jobs asset managers and their advisers actually do and what the challenges are as new ideas are adapted to meet the needs of customers and clients. 

    Study the real jobs of analysts, quantitative specialists, strategists, fund managers, distributors, consultants, real-estate and hedge-fund professionals and investment advisors. 

  • Banks and Financial Institutions

    Lecturers: Christopher Hennessy, Ralph Koijen, Stefan Lewellwn, Narayan Naik


    Financial institutions are a large part of the economy of most countries, and their behaviour has a major influence on the entire economy and all companies, individuals, and governments. 


    On this course you examine banks, insurance companies, and investment funds. 


    Topics include the role of intermediation, the role of banks in the real economy, regulation and management of banks, valuation of financial institutions, the role and conduct of insurance companies, behaviour and management of mutual funds and hedge funds.

Management Science and Operations

  • Advanced Modelling for Business Applications

    Lecturer: Niccos Sava

    Improve your ability to build, apply and evaluate decision models, tailoring your analysis to the available time and resources. Gain an encyclopaedic range of modelling applications and generate insights in a wide range of realistic solutions. Gain the ability to recognise the key problems in a situation and carry out a cogent analysis, the skill to develop a structure for problem analysis and the mental flexibility to present your analysis and insights in a convincing, non-technical way. 

  • Energy: Markets, Models & Strategies

    Lecturer: Derek Bunn

    Get an introduction to the basics of power system economics, a review of the structural and strategic changes affecting the industry, investment issues and technology choice, a basic understanding of how the competitive markets for electricity, both wholesale and retail, work and how to model their price and implications.  The course focuses mainly upon electricity, but is also relevant to students wishing to be familiar with related issues affecting the oil and gas industry. 

  • Financial Modelling

    Lecturer: Victor DeMiguel

    Harness the potential of business modelling in assisting management decision-making. 

    Practical computer workshops and modelling projects aim to increase capability in the use of key modelling tools such as advanced spreadsheets and intelligent systems software. Such business modelling skills are regarded as essential by the leading financial and management consultancy firms. 

  • Innovating Business Models, Products and Services

    Lecturer: Kamalini Ramdas

    Identify and develop new business models, products and services, in a multi-tiered innovation tournament context with this fast-paced, hands-on, experiential and interdisciplinary class. 

    Learn and deploy the key principles of structured innovation in any organsation, small or large, generating potential leads for both entrepreneurial ventures and corporate innovation. 

    Rather than being confined to start-ups, R&D labs or product development divisions, business model innovation can be used by managers in any business function to create radical business opportunities. 

    The business, product and service concepts developed in this class can be pursued further in other entrepreneurship electives. 

  • Managing Sport and Entertainment

    Lecturer: Kamalini Ramdas

    Develop skills and understanding of the strategic, operational and marketing management of sport and entertainment. Enhance your strategic and operational thinking in this rapidly professionalising industry and unlock a potential source of future economic growth.

    The business, product and service concepts developed in this class can be pursued further in other entrepreneurship electives. 

  • Project Management

    Lecturer: Bert De Reyck

    Learn frameworks, methods, techniques and tools for coping with the three principal dimensions of successful project management: time, cost and quality. 

    Gain hands-on experience with state-of-the-art software tools for project management, including time planning, resource allocation, and risk analysis, teamed with a strong emphasis on organisational and strategic issues. 

    Projects are the wave of the future in global business, and project-based organisations are increasing in areas such as consulting, information technology, product development, advertising, education, healthcare, infrastructure and engineering.

  • Supply Chain Management

    Lecturer: Jérémie Gallien

    Understand how to develop and manage efficient and effective global supply chains. In today's globally competitive environment, it is no longer companies but supply chains that compete with each other.

    Leading companies such as Wal-Mart, Procter & Gamble, Dell, Amazon, Zara, GSK, IKEA, Deutsche Post/DHL, as well as highly profitable niche players, use supply chain management in their quest for global market leadership. 

    Supply chain management is a cross-functional, cross-company initiative whether working in finance, accounting, marketing, sales or operations. Introduce and familiarise yourself with the concepts and skills necessary for supply chain management as a consultant, analyst or manager. 

  • Time Series Analysis, Market Models and Forecasting

    Lecturer: Derek W. Bunn

    Extend your statistical capabilities and critical understanding in the analysis of time series of data. 

    Focus on techniques for the medium term analysis and forecasting of business variables, such as sales, costs and earnings. 

    Explore many examples from financial and commodity markets as well as several business cases. 

    If you were comfortable with the pre-programme or first term statistics course, you will be able to move onto this material without difficulty, despite various advanced regression-based methods being reviewed.

  • Managing Healthcare

    Lecturers: Stefan Scholtes, Nicos Savva, Kamalini Ramdas,  Jérémie Gallien

    Explore the challenges created by healthcare delivery systems, such as being under pressure to increase quality and wide access (due to increased demand), while simultaneously reducing cost and how they can be best managed. 

    Use this course to identify opportunities in health care for managers, entrepreneurs and policy makers. This course draws substantially from the research and consulting expertise of the team of instructors teaching it.

Marketing 

  • Advanced Marketing Strategy

    Lecturer:  Nirmalya Kumar and John Roberts

    Develop a comprehensive understanding of how marketing strategies can be developed and executed in dynamic and competitive global marketing environments.  

    During this integrative course you bring together the marketing activities of creating, capturing and sustaining customer value in a variety of marketing contexts. 

    Gain exposure to the most recent theories and methods, analytical techniques and current best practices for developing marketing strategies. 

    The course is run as a block week and focuses on the interaction between the process of formulating, implementing and controlling marketing strategies and the various stages of the product life cycle. 

  • Analysis for Marketing Planning and Decision Making

    Lecturer: Bruce Hardie

    Familiarise yourself with some of the main analytical methods that have now become fundamental to marketing decision-making and high-level marketing and strategy consulting engagements. 

    Understand the development and use of these tools without getting bogged down in the technical detail. 

    Gain a true appreciation of the strengths and weaknesses of the various tools — so that you can be an "intelligent consumer" of them — by acquiring first-hand experience as an end-user modeller, performing the analyses for yourself using Excel and SPSS.  

    Spend approximately 40% class time in the computer lab, working on exercises (both assessed and unassessed) at this elective.

  • Brand Management

    Lecturer:  Simona Botti

    Take one of the most applied and advanced brand management courses available anywhere in the world – a vital topic for any MBA. 

    Rather than focusing on academic theory, take an extremely managerial viewpoint. Explore all dimensions of brand management, from defining brands, brand building strategies, brand architecture and extension issues to brand repositioning. 

    The course focus ranges from small start-up brands, consumer brands, service brands and B2B brands. 

    The course is run as an intensive block week course, and includes a variety of teaching methods including guest speakers who are senior branding experts currently engaged in branding issues. 

  • Going to Market: Managing the Channel and Sales Force

    Lecturer:  Anja Lambrecht 

    Learn the fundamentals of how to successfully design, manage and evaluate a company's channel and sales force strategy and tactics. 

    Go-to-market decisions both affect and can only be taken in light of the overall marketing strategy, therefore we discuss the interaction of channel and sales force decisions with other marketing variables, such as branding, pricing, product characteristics or the product lifecycle.

  • Managing and Marketing Innovation

    Lecturer: Rajesh Chandy

    Embark on this decision focused and process orientated course to cover topics such as: identifying, initiating and responding to breakthroughs, disruptors and radical innovations; organising for innovation; internalising external sources of innovation and entering new markets and ensuring product take-off. 

    It provides concepts, cognition and context to making strategic decisions on innovation.

  • Pricing Strategy

    Lecturer: Oded Koenigsberg and Marco Bertini

    Equip yourself with the fundamental tools and conceptual frameworks needed for making profitable pricing decisions across diverse industries. 

    Taking the perspective of the marketing manager, explore both the strategic and tactical dimensions that underlie the process of price management and gain a grasp of useful theories and practical approaches for solving pricing problems. 

    While the emphasis is on pricing, this is not independent of other marketing decisions, so an important challenge in this course is to consider pricing decisions in the context of other marketing activities, as well as marketing strategy.

  • Social Media and Internet Marketing

    Lecturer: Michael Trusov

    Examine the process of developing, implementing, and analysing strategies for successful marketing of a variety of existing and potential products and services using electronic media. 

    Besides well-established internet marketing tools such as e-mail, search engines and display advertising, a substantial part of this course is dedicated to understanding social media, analysing successful social media strategies, and tracking their effectiveness. 

    The course offers hands-on experience with some popular – as well as emerging – techniques, unique to electronic media. Special attention is given to metrics appropriate for the new media.

Organisational Behaviour 

  • Businesses and Careers of the Future

    Lecturer: Lynda Gratton

    Explore how work will change and the way in which we need to prepare for these changes. Work is, and always has been, one of the most defining aspects of our lives. 

    Work matters - to us as individuals, to our family and friends and also to the communities and societies in which we live. 

    What we are now facing is a substantial schism with the past, which is so great that the world will change - possibly unrecognisably - over the next two decades. 

    Gain a deep understanding of the structural changes we are facing, with an opportunity to understand how the most valuable careers can be shaped. 

  • Leading Teams and Organisations

    Lecturer: Margaret Ormiston

    Learn how to lead effectively in a wide variety of situations by gaining an understanding of the general principles and processes of effective leadership. 

    Covering a broad range of leadership situations, you gain critical leadership attributes underpinned with a robust understanding of group processes and the ways in which team members influence one another. 

    Topics covered include understanding more about the nature of leadership, learning what separates successful business executives from their less successful counterparts and learning how to develop confidence as a leader.

  • Managing Change

    Lecturer: Richard Jolly and Raina Brands

    Build your understanding of change management and your ability to implement it successfully. 

    Change management is an increasingly fundamental part of business and a crucial skill for managers, whether the company is large or small, local or transnational. 

    Gain the skills to plan for and cope with change and its implications. 

    Coming up with the right strategy is only a small part of organisational success.  

    You need to be able to cope with the hardest challenge: getting key stakeholders and people throughout the organisation not just to implement the strategy, but to own it. 

  • Negotiation and Bargaining

    Lecturers: Selin Kesebir, Gillian Ku, Niro Sivanathan and Ena Inesi

    Gain a broad understanding of the central concepts in negotiation and develop strategies for analysing and preparing for negotiations. 

    Practise negotiation skills, receive feedback on individual negotiation problems and improve your ability to analyse the behaviour and motives of individuals, groups and organisations in competitive situations. 

    This course is suitable for anyone who communicates in their daily interactions with other people. It is also useful if you have interests in brand management, real estate, consulting, entrepreneurship or mergers and acquisitions.

  • Paths to Power

    Lecturer: Gabe Adams

    See the world differently and equip yourself with the ability to recognise and know how to cope with difficult situations that may be encountered in a position of power. 

    Power has been called the "organisation's last dirty secret," and remains a topic that makes some people uncomfortable, but is a reality in much of organisational and social life. 

    Leadership involves building and using influence. Strategy implementation and organisational change both require mastery of influence skills.  

    Topics covered include: 'The paths to power: Finding your way and preparing yourself', 'Building your path to power: Creating a domain' and 'Falling off the path: What's different when you have power and how power is lost'. 

Strategy and Entrepreneurship 

  • Achieving Strategic Agility

    Lecturer: Julian Birkinshaw

    Learn how to craft strategy when the future is uncertain, fast-changing and unknowable to meet the need for strategic agility to adapt quickly in the face of ever changing market conditions. 

    Discover how to structure companies to be more agile and engage and motivate employees across an organisation to help identify and act on opportunities.

  • Corporate Strategy

    Lecturer: Donal Crilly and Dominic Houlder

    Gain insight into the nature of corporate – as opposed to business – strategy. Many companies are not single businesses but 'groups', comprising a portfolio of more or less separate business units and one or more levels of 'corporate' management. 

    Also learn how to assess corporate strategies and develop superior ones. If you intend to become a strategy consultant or investment banker or to work in – and eventually lead, multi-business groups – this course is particularly useful.

  • Entrepreneurship in Emerging Markets

    Lecturer: John Mullins and Rajesh Chandy

    Equip yourself to deal effectively with the issues you are likely to face in entrepreneurial ventures in emerging markets. 

    Subjects covered include managing in times of rapid demographic and socio-economic change, innovating in emerging markets, managing in ethically corrupt environments, dealing with multinationals, building winning businesses in resource constrained environments, understanding consumers in emerging markets and what to do when the family calls and asks you to come home and save the family business.

  • Entrepreneurship Summer School

    Lecturer: Jeff Skinner

    Work on your own or in pairs on an entrepreneurial opportunity, with a skilled mentor to guide you. Learn the entrepreneurial way of life, gain self-awareness of entrepreneurial visions and identify what is necessary to pursue them. Develop and apply the skills required to contribute to successful entrepreneurial practice, and build a network of key contacts.

    Please visit the Entrepreneurship Summer School web pages for more information.

  • Financing the Entrepreneurial Business

    Lecturers: Antony Ross, Martyn Williams, Keith Wiley and Ben Hallen

    Explore the issues and practices of financing entrepreneurial businesses, including start-ups, emerging growth companies, management buy-outs and buy-ins. 

    The course covers raising finance, pricing and structuring financings, and exiting from the points of view of the entrepreneur and the investor. 

    This elective is perfect if you want to start, buy or run your own businesses, work in the venture capital industry, provide financial or consulting services to entrepreneurial companies or learn about personal investing in privately-held companies.

  • Managing Corporate Turnarounds

    Lecturer: Michael Jacobides and Rupert Merson

    Explore the management issues that arise when a financially-distressed firm needs a radical change to ensure its survival. 

    Explore the strategies and actions necessary to achieve significant performance improvement within a 12 to 18 month timeframe.  

    This course has a strong emphasis on the practical aspects of implementation. The focus is on financially distressed companies but the principles apply to any situation where rapid performance improvement is required.

  • Managing the Growing Business

    Lecturers: Rupert Merson and Keith Willey

    Examine a range of entrepreneurial businesses and gain the ability to recognise the patterns in business models and management processes.

    Learn how to manage the risks and convert opportunities on this integrative course that concentrates on the general management challenges facing founders or managers in entrepreneurial businesses. 

  • Mergers, Acquisitions and Alliances

    Lecturer: Marcus Alexander, Dovey Lavie and Alex Knaster

    Analyse the strengths and weaknesses of mergers, acquisitions and alliances as strategic vehicles. 

    Conduct a deep analysis of how firms can best manage these processes as part of a larger strategic agenda.

     Globalisation, deregulation, and technological progress have increased the rate of change and competitive intensity. 

    Many firms now need to rely on mergers, acquisitions or alliances to be successful. 

    This course draws upon leading practice and the most recent research to analyse MAAs along a series of important dimensions related to this interplay. 

  • New Technology Ventures

    Lecturer: Michael Davies and Keith Wiley

    Explore how entrepreneurs identify and analyse the feasibility of innovative technical ideas, turn them into products and services and take them to market. 

    Where do sources of technological opportunities originate? How are innovations incubated? What do patterns of technological change suggest? Why and how does the culture of innovation matter? How do you protect intellectual property? How do you finance for new technology ventures?

    In exploring these issues and others, you become acquainted with leading technologies from various sectors.

  • New Venture Development

    Lecturer: Rupert Merson

    Get an overview of the process and challenges associated with starting an entirely new business, the skills required to prepare a persuasive business plan, approach prospective investors and launch your venture.  

    Gain a clear understanding of how to assess an entrepreneurial opportunity, the resources needed to start a new business and the costs and challenges involved. 

    Give an entrepreneurial bias to your career using this course as a springboard. 

    A number of graduates who have taken the New Venture Development course and gone on to set up their own business or pursued careers in venture capital.

  • Strategic Innovation

    Lecturer: Sendil Ethiraj

    Develop an understanding of how a company can discover a new business model and how it can successfully migrate from its current position to the new. 

    Explore why established companies find it so difficult to innovate strategically and what they can do to improve the odds of success. 

    Gain an understanding of the circumstances where it makes sense for established companies to strategically innovate. 

  • Strategy Lab

    Lecturer: Costas Markides

    On this experiential learning based course you work in teams (of 4-5 students) to research and provide solutions to real and “live” business problems. 

    These problems will come from clients of the consulting firm A.T. Kearney who will be responsible for sourcing the live business problems from their existing client pool. 

    A.T. Kearney has been successfully running a similar course since 2008, in several business schools, such as: Chicago Booth, Carnegie Mellon, Michigan, McMaster, Northwestern (Kellogg) and INSEAD. 

    A.T. Kearney has been specifically briefed so that all the business challenges sourced for our course are “strategy” challenges.

  • Advanced Competitive Strategy

    Lecturer: Sendil Ethiraj

    Build a rigorous, analytical, and quantitatively grounded understanding of strategic management by learning strategy from the perspective of a strategist as an integrator on this course. 

    An integrator has a good understanding of the different functions in an organisation, how they relate together, and how to effect changes in the organisation that tighten both internal and external consistency.

    This course builds on the foundation you built in your strategy core course - internal and external consistency in choices inherent in a firm’s business model is at the heart of competitive advantage.

  • Pathways to start up success

    Lecturer:  Gary Dushnitsky

    If you have fancied yourself as an entrepreneur or intend to work in the venture capital industry or in professional businesses supporting entrepreneurial firms this is the perfect entry level entrepreneurship course for you. 

    You explore the many dimensions of entrepreneurship and new venture creation and growth, including: conceptualising, developing and managing successful new ventures. 

    The emphasis in this course is on applying and synthesising concepts and techniques from the functional areas of accounting, finance, managerial economics, marketing, operations management, and organisation behaviour in the context of new venture development.  

  • Strategies for Growth

    Lecturer: Freek Vermeulen

    Get answers to the question that keeps most top executives awake at night: "where should tomorrow's growth come from?"

    Learn how to create the growing firm, and how growth strategies are not always 'designed' by managers but emerge from within an organisation. 

    Analyse how effective managers organise their companies to achieve continuous, organic growth. 

    Examine the firm's formal strategic choices, its internal organisational environment, the process of growth, and the role of historical accident and the background and personality of the managers involved. 

    You will learn how, as a manager, you can shape your organisation to deliberately manage and control the growth process of the firm. 

University College London electives 


Founded in 1826, University College London (UCL) is one of the foremost universities in Europe with more than 3,800 academic and research staff in 72 departments dedicated to research and teaching of the highest standards. 

UCL has the highest number of professors of any university in the UK, with more than 600 established and personal chairs, as well as the highest number of female professors. 

Nobel Prizes have been awarded to 18 academics and graduates. 

As a London Business School student, you can take one or more UCL electives, and learn with researchers and postgraduate students working in a variety of technology domains.

  • Introduction to Property Investment

    Lecturer: Dr Claudio de Magalhaes

    Focus on characteristics of the principal European real estate markets and gain awareness of the contextual factors, such as legislation, tax structures, planning systems, legal processes and professional property practice in European countries.  

    Gain an ability to gather, analyse and interpret comparative market statistics. And acquire an appreciation of how those markets are going to change in the future and what impact this will have on property investment and development patterns. 

  • Evaluation and Planning of Business Opportunities in Bioprocessing and Life Sciences

    Lecturer: Dr Eli Keshavarz-Moore

    Learn how to evaluate ideas for new business opportunities in the Life Sciences, turn these ideas into a business plan and use the plan to raise funding for the further development of the idea. 

    This course focuses on the commercial and technical evaluation of life science opportunities to provide the focus for bioprocess enterprise training activities.

  • Globalisation and Global Governance

    Lecturer: Dr Rob Abouharb

    Address the question of global governance through a critical examination of the roles of the territorial state, international organisations, non-state actors and global civil society in shaping international order. 

    Learn about a number of functional areas, including international political economy, political culture and political identities, international migration, and international security. Address in class questions of global inequality, the impact of globalisation on national identities, the emergence of postnational and transnational identities, international migration and regional migration regimes, transnational security issues, and questions of democratic accountability in and beyond the nation-state.

  • Planning Practices in Europe

    Lecturer: Michael Edwards

    Develop your understanding of the range of market and planning mechanisms governing the built environment in Europe.  Gain a strong grasp of the main variations across Europe in the way cities and regions have developed and the role played by forms of planning. 

    Acquire skills in researching the historical development and current practices in European planning using library and on-line resources. Develop experience in presenting their work in a seminar context and in written and graphic form.

  • Telecommunications Business Environment

    Lecturer: Prof Andy Valdar

    Learn about the strategic management issues related to running a telecommunications operating company.  Gain greater appreciation of the business perspective of telecommunications and understand the interactive nature of the forces impacting on the performance of telcos.