| Subject Code | MGT301 |
|---|---|
| Subject Name | Strategic Management |
| Level | 300 |
| Credit Points | 3.00 |
| Type | Elective/Specialisation |
| Pre/Co-requisite | MGT100 Introduction to Management (Pre-requisite) |
Successfully completing this subject will require you to commit to a balance of class time, pre and post work and online activities as outlined below.
Total workload
| Total No. timetabled hours: | Total No. personal study hours: | Total workload hours: |
|---|---|---|
| 33 | 77 | 110 |
Weekly study workload
| Timetabled: | Personal study: | Total: |
|---|---|---|
| 3 hours per week | 7 hours per week | 10 hours per week |
Description and rationale
This subject provides the skills and knowledge required to establish and evaluate the strategic direction of the organisation, and identifying sustainable competitive advantage to enhance competitiveness in the current business environment.
The students will perform analysis and interpretation of relevant markets, capability assessment of the organisation, and its existing and potential competitors and allies. The subject also covers the development of the strategic plan for ensuring that the organisation is positioned to ensure its long-term viability and success.
Topics to be covered
Topics are often refined and subject to change. Please refer to the topics and subtopics listed in the LMS menu for this module.
Description
| Learning Outcome Description | Assessment tasks in which this learning outcome is assessed | |
|---|---|---|
| a | Critically analyse the internal and external environments in which businesses operate and assess the implications of forecast changes that may affect their strategic plans. | 1 & 2 |
| b | Develop various scenarios for describing the importance of strategy development, strategic leadership and entrepreneurship. | 1 & 2 |
| c | Implement strategic management principles, analytical tools and concepts in the construction and/or critique of a strategic plan. | 2 & 3 |
| d | Demonstrate critical thinking to analyse and assess the competitive dynamics and competitors within industries. | 2 & 3 |
| e | Justify strategic recommendations and actions in a challenging business context. | 3 |
| f | Plan for major business uncertainties using scenarios and scenario planning to design flexible strategic plans. | 3 |
Assessment tasks
| Assessment Task | Weighting | Assessment Due | Subject Learning Outcomes to be assessed | |
|---|---|---|---|---|
| 1 | Case Study Analysis (Individual) | 30% | Week 5 | a & b |
| 2 | Scenario Report (Individual) | 30% | Week 8 | a, b, c & d |
| 3 | Final Report (Individual) | 40% | Week 12 | c, d, e & f |
Submitting your assessment tasks
Most assessment tasks are submitted using the Learning Management System. For more instructions on submitting the assessment tasks and specific information of the subject assessment submission requirements, please refer to the instructions in the Learning Management System.
Late submission and extension
There are penalties for late submission of assessment tasks. Please refer to the assessment section in the Learning Management System for more information on late submission penalties.
If you would like to request an extension for a submission deadline of your assessment, you need to meet the eligibility requirements.
Please refer to the assessment section in the Learning Management System for more information on late submission penalties, and requests for extensions.
Recommended learning and reading list
Textbooks
Fred R. David; Forest R. David; Meredith E. David. (2020), Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 17th Edition, Pearson, Harlow, England
Waddell, D., Creed, A., Cummings, T. G. & Worley, C. G. (2019), Organisational change: development and transformation, 7th Edition, Cengage Learning Australia, South Melbourne, Victoria
Hubbard, G., Rice, J., Galvin, P. (2018), Strategic Management, 6th Edition, Pearson, Australia
Raina, R. (2018), Change management and organizational development, SAGE Publications India Pvt Ltd, Thousand Oaks, California, USA: SAGE Publications Inc, New Delhi, India
Hughes, M. (2018), Managing and Leading Organizational Change, Routledge, Milton
Burnes, B. (2017), Managing change, 7th Edition, Pearson, Harlow, England
Journals
Academy of Management Journal
Australian journal of Professional and Applied Ethics Business & Society
Business and Professional Ethics Journal
Journal of Management & Organization Journal of Management
Websites
ADDITIONAL FACILITIES, EQUIPMENT, SOFTWARE AND OTHER RESOURCES (IF APPLICABLE):
SOFTWARE
No additional software
EQUIPMENT OR HARDWARE
No additional equipment or hardware
