HANDBOOK - Wellington Institute of Technology

HANDBOOK - Wellington Institute of Technology HANDBOOK - Wellington Institute of Technology

13.07.2015 Views

Topic(s) or summary of content:Strategy overviewFormulationImplementationEvaluationGlobalisationEthics and Social responsibilitySustainabilityOutsourcingTopic 1:Strategic OverviewLearning Outcome(s):Understand the nature of strategic managementAssessment criteria:1.1 Describe the strategic management process1.2 Explain the need for integrating analysis and intuition1.3 Discuss the benefits of strategic planning1.4 Discuss the relationship between strategy and achieving a sustained competitiveadvantageTopic 2:FormulationLearning Outcome(s):Demonstrate knowledge of strategy formulationAssessment criteria:2.1 Explain vision and mission2.2 Conduct internal and external assessment of an organisation2.3 Develop strategic objectives2.4 Compare, contrast and critique generic models2.5 Select or develop and appropriate strategyTopic 3:ImplementationLearning Outcome(s):Understand the process of strategy implementationAssessment criteria:3.1 Discuss the importance of short term objectives in achieving strategic goals3.2 Explain how and why structure, size, technology and culture impact onimplementation3.3 Discuss the implications of implementation for other plans such as: marketing,finance, R&D, and MIS.

Topic 4:EvaluationLearning Outcome(s):Demonstrate ability to evaluate strategyAssessment criteria:4.1 Identify a practical framework for evaluating strategies4.2 Discuss the importance of contingency planning4.3 Discuss models for strategic evaluation such as: balanced scorecard4.4 Explain the use of controls in the strategic evaluation processTopic 5:Contemporary issues in strategic managementLearning Outcome(s):Discuss current issues impacting on strategic decision makingAssessment criteria: (Include links to unit standards where appropriate)5.1 Explain the connection between ethical business practice and strategy5.2 Identify and describe models of social responsiveness5.3 Discuss how organisations can be good stewards of the natural environment5.4 Discuss the impact of globalisation5.5 Explore the concept of outsourcing as a strategic imperativeStudent Resources:Recommended texts and other resources are listed in the course outline.Assessment:Assessment Type Weighting OutcomesOne Strategic Plan 25% 2Two Literature Review 25% 5Three Examination 50% 1, 3, 4, 5Reporting Grades:Grade Key 3

Topic 4:EvaluationLearning Outcome(s):Demonstrate ability to evaluate strategyAssessment criteria:4.1 Identify a practical framework for evaluating strategies4.2 Discuss the importance <strong>of</strong> contingency planning4.3 Discuss models for strategic evaluation such as: balanced scorecard4.4 Explain the use <strong>of</strong> controls in the strategic evaluation processTopic 5:Contemporary issues in strategic managementLearning Outcome(s):Discuss current issues impacting on strategic decision makingAssessment criteria: (Include links to unit standards where appropriate)5.1 Explain the connection between ethical business practice and strategy5.2 Identify and describe models <strong>of</strong> social responsiveness5.3 Discuss how organisations can be good stewards <strong>of</strong> the natural environment5.4 Discuss the impact <strong>of</strong> globalisation5.5 Explore the concept <strong>of</strong> outsourcing as a strategic imperativeStudent Resources:Recommended texts and other resources are listed in the course outline.Assessment:Assessment Type Weighting OutcomesOne Strategic Plan 25% 2Two Literature Review 25% 5Three Examination 50% 1, 3, 4, 5Reporting Grades:Grade Key 3

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