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The current and official versions of the course specifications are available on the web at http://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

MGT8002 Strategic Management

Semester 2, 2019 On-campus Springfield
Short Description: Strategic Management
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Management and Enterprise
Student contribution band : Band 3
ASCED code : 080307 - Organisation Management
Grading basis : Graded
Version produced : 18 June 2019

Staffing

Examiner: Renee Malan

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Unless special circumstances have been approved by the Associate Dean Academic (or their nominee), the student must have successfully completed a minimum of two-thirds of the courses of any particular program (that is, eight courses of study in the case of a 12 course program including 6 core courses), before enrolling in this course. This must include at least six core courses. It is also highly recommended that MGT8002 be the last course to complete in the degree.

Rationale

Strategy is about planning for the future of organisations, whether profit oriented, government or non-profit entities. The challenge that managers face today is to deploy strategies that achieve sustainable competitive advantage. To achieve sustainable competitive advantage over time, we need an understanding of fast and slow cycle markets, globalisations, and customers, where organisations must create value greater than the costs of resources and superior to that of competitors. This course introduces students to the key concepts relating to the strategic analysis of organisations and their environments, economics of strategy and the people side of managing strategy in practice. Students will be able to learn how to identify problems and apply analytical skills when making strategic decision. As one of the core courses, students from different majors can also draw on their learning thus far and use it in understanding how every aspect of an organisation such as human resources, finance, and marketing plays a role in strategy. This understanding is particularly relevant to students when making the transition to the workforce.

Synopsis

This course focuses on strategic analysis, strategic capabilities and internal and external dynamics from a resource-based perspective. The course introduces students to an outside-in approach to examine how organisations analyse the environment by assessing the key success factors (KSFs) of an industry. It next uses an inside-out approach to analyse internal capabilities. It does this by matching the internal capabilities to the KSFs required to achieve sustained competitive advantage. The course assessment follows these processes by asking students to develop a range of strategies after reviewing the combined capabilities available. The course content adopts a critical stance at both the business and corporate level but also assesses the structure and systems required to support strategy including financial analysis. In this sense, the course builds on much prior knowledge in other management, economic, financial and technical courses.

Objectives

On successful completion of this course students should be able to:

  1. critically reflect on different approaches and perspectives of strategic management and sustainable competitive advantage
  2. analyse the external environment based on identifying and discussing key success factors
  3. critically evaluate internal capabilities across a range of organisational resources in relation to industry key success factors
  4. develop a range of business and corporate strategies based on organisational capabilities and different environments, aimed at strengthening an organisation’s competitive position
  5. evaluate the structural, financial, people, and technical resources required to support strategy and demonstrate applied knowledge
  6. critically reflect on the implementation process including strategy redesign and evaluation.

Topics

Description Weighting(%)
1. External environmental analysis 25.00
2. Internal capabilities assessment 25.00
3. Business and corporate level strategy 25.00
4. Structure, systems, financial analysis, implementation 25.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2019&sem=02&subject1=MGT8002)

Please contact us for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)

Thompson, A.A, Peteraf, M.A, Gamble, J.E, & Strickland, A.J 2018, Crafting and executing strategy: the quest for competitive advantage, concepts and cases, 21st edn, McGraw-Hill Education, New York.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Barney, J & Hesterly, W 2017, Strategic management and competitive advantage: concepts, 6th edn, Prentice Hall, Boston, Massachusetts.
De Wit, B & Meyer, R 2017, Strategy: an international perspective, 6th edn, Cengage Learning, Andover, UK.
Grant, R, Butler, R, Orr, S & Murray, P 2014, Contemporary strategic management: an Australasian perspective, 2nd edn, John Wiley & Sons, Milton, Queensland.
Mintzberg, H, Lampel, J, Quinn, B & Ghoshal, S 2013, The strategy process: concepts, contexts, cases, 5th edn, Prentice Hall, Upper Saddle River, New Jersey.
Stacey, RD 2016, Strategic management and organisational dynamics: the challenge of complexity to ways of thinking about organisations, 7th edn, Financial Times Prentice Hall, Harlow, England.

Student workload expectations

Activity Hours
Directed Study 75.00
Independent Study 90.00

Assessment details

Description Marks out of Wtg (%) Due Date Objectives Assessed Notes
ONLINE TEST 20 10 13 Aug 2019 1
CASE STUDY 40 40 11 Sep 2019 1,2,3
EXAMINATION 50 50 End S2 4,5,6 (see note 1)

Notes
  1. This is a CLOSED examination. The total working time for the examination is 2 hours. The examination date will be available via UConnect when the official examination timetable has been released.

Important assessment information

  1. Attendance requirements:
    It is the students' responsibility to attend and participate appropriately in all activities scheduled for them, and to study all material provided to them or required to be accessed by them, to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    Candidates are allowed to bring only writing and drawing instruments into a closed examination.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Any Deferred or Supplementary examinations for this course will be held during the next examination period.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.