Strategic Management
Credit points
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
Online Real Time
VU Online
VU Sydney
Prerequisites
Co-requisites
(Corequisite units must be studied concurrently with this unit)
Overview
Build your leadership skills and learn to drive motivation with the Strategic Management unit.
You will investigate different strategies to deal with the unknown and think like a strategist.
You will learn to:
- analyse your business and its environment
- make critical business decisions
- build the skills needed to present recommendations to achieve long-term organisational goals
- guide an organisation to success in the face of market uncertainties.
Become a leader who can create a culture of competitive innovation and growth in the business world.
Learning Outcomes
On successful completion of this unit, students will be able to:
- Critique and review the strategic management concepts that contribute to the effective management of organisational resources and critique the role of culture, values and dispositions in achieving specified goals;
- Devise and apply selective strategic decision-making processes to identify strategic options and develop a strategic plan for a business organisation in a market of uncertainty, and justify the conclusions and/or recommendations drawn;
- Critique and reflect on the current and planned capabilities of the business organisation to synthesise and recommend sustainable practices in a dynamic and uncertain business setting; and,
- Collaboratively prepare and present relevant strategic management knowledge and principles in a clear and coherent manner demonstrating intellectual independence and the initiation and development of new ideas.
Assessment
For Melbourne campuses
All Assessments are scaffolded and linked to a Business Simulation.
Assessment type: Report | Grade: 15%
Simulation strategy (Group)
Assessment type: Exercise | Grade: 15%
Simulation performance (Group)
Assessment type: Journal | Grade: 40%
Critical reflection on simulation x4
Assessment type: Report | Grade: 30%
Case study report and presentation slide pack (Group)
Other locations
All Assessments are scaffolded and linked to a Business Simulation.
Assessment type: Report | Grade: 15%
Simulation strategy (Group)
Assessment type: Exercise | Grade: 15%
Simulation performance (Group)
Assessment type: Journal | Grade: 40%
Critical Reflection on simulation x4
Assessment type: Report | Grade: 30%
Case study report and presentation slide pack (Group)
Assessment type: Assignment | Grade: 30%
Effective management of organisational resources
Assessment type: Case Study | Grade: 30%
Strategic business plan
Assessment type: Report | Grade: 40%
Business report
Required reading
Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.
Strategic management: A competitive advantage approach, concepts and cases
David, F. R., & David, F. R. (2020). | Pearson Higher Ed.
As part of a course
This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.