Students

FOBE800 – Contemporary Business Issues

2017 – S2 Day

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Rahat Munir
Contact via 98504765
Room 312, Building E4A
See iLearn
Lecturer
Craig Terry
See iLearn
Credit points Credit points
4
Prerequisites Prerequisites
(Admission to MCom or MAcc(Prof)MCom or MBioBus) and 48cp at 600 level or above
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This is a program-wide capstone unit and must be taken by students in their final session of study. The unit will broaden students’ understanding of the importance of strategic business issues in the organisation's planning, operations, control and leadership, ethics and industry relationship, and broader economic & global developments. The unit is not only reflective and integrative, but also future-focused, offering opportunities for “real world” preparatory experience. Students will work individually and collaboratively with peers to understand “real world” business issues and challenges requiring cross-disciplinary insights and knowledge. While the unit aims at giving students an opportunity to explore strategic business issues within the context of a business environment, students will be exposed to comprehensive case studies, which will give them the opportunity to learn about the practical implications of business issues and challenges. Students will also work in self-managing teams to prepare group reports and complete a session long individual research-based project that will be assessed by the academic staff.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • Integrate discipline-specific knowledge and skills and apply subject knowledge critically, analytically and creatively to different bodies of knowledge or practice.
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.
  • Apply knowledge to complex ethical and global issues and understand its impact on organisations and/or in simulated situations.
  • Research and critically analyse recent or developing business issues, appraise the outcomes of proposed solutions and defend propositions.
  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

General Assessment Information

Turnitin

All text based assessments must be submitted through Turnitin as per instructions provided in the unit guide. It is the student’s responsibility to ensure that work is submitted correctly prior to the due date. No hard copies of assessments will be accepted and only Turnitin records will be taken as records of submission.

Multiple submissions may be possible in some units via Turnitin prior to the final due date and time of an assessment task and originality reports may be made available to students to view and check their work. All identified matching text will be reconsidered carefully. Students should note that the system will not immediately produce the similarity score on a second or subsequent submission - it approximately takes 24 hours for the report to be generated. This may be after the due date so students should plan any resubmissions carefully. Please refer to these instructions on how to submit your assignment through Turnitin and access similarity reports and feedback provided by teaching staff. Should you have questions about Turnitin or experience issues submitting through the system, you must inform your unit coordinator immediately. If the issue is technical in nature may also lodge OneHelp Ticket, refer to the IT help page.

It is the responsibility of the student to retain a copy of any work submitted. Students must produce these documents upon request. Copies should be retained until the end of the grade appeal period each term. In the event that a student is asked to produce another copy of work submitted and is unable to do so, they may be awarded zero (0) for that particular assessment task.

Assessment Tasks

Name Weighting Hurdle Due
Reflection A 10% No Week 4
Capstone simulation (Capsim®) 15% No concludes Week 10
Reflection B 10% No Week 8
Business project 40% No Week 12
Capsim evaluation presentation 25% No Week 13

Reflection A

Due: Week 4
Weighting: 10%

Individual

Estimated student workload - 3 hours 

Submission - via iLearn

Extensions - No extension will be granted unless a ‘Disruption to Studies’ application has been approved.

Penalties - Late submission will not be accepted for marking, i.e., a mark of ZERO will be assigned accordingly.


On successful completion you will be able to:
  • Integrate discipline-specific knowledge and skills and apply subject knowledge critically, analytically and creatively to different bodies of knowledge or practice.
  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

Capstone simulation (Capsim®)

Due: concludes Week 10
Weighting: 15%

Individual (5%) + Teamwork (10%)

Estimated student workload: 14 hours (2 hours per week on average for 7 weeks). 

Submission - Online via capsim.com

Extensions: No extension will be granted unless a ‘Disruption to Studies’ application has been approved.

Penalties: Late submission will not be accepted for marking, i.e., a mark of ZERO will be assigned accordingly.


On successful completion you will be able to:
  • Integrate discipline-specific knowledge and skills and apply subject knowledge critically, analytically and creatively to different bodies of knowledge or practice.
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.

Reflection B

Due: Week 8
Weighting: 10%

Individual

Estimated student workload - 3 hours 

Submission - via iLearn

Extensions - No extension will be granted unless a ‘Disruption to Studies’ application has been approved.

Penalties - Late submission will not be accepted for marking, i.e., a mark of ZERO will be assigned accordingly.


On successful completion you will be able to:
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.
  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

Business project

Due: Week 12
Weighting: 40%

Individual

Estimated student workload - 25 hours 

Submission - via iLearn

Extensions - No extension will be granted unless a ‘Disruption to Studies’ application has been approved.

Penalties - Late submisson will not be accepted for marking, i.e., a mark of ZERO will be assigned accordingly.


On successful completion you will be able to:
  • Integrate discipline-specific knowledge and skills and apply subject knowledge critically, analytically and creatively to different bodies of knowledge or practice.
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.
  • Apply knowledge to complex ethical and global issues and understand its impact on organisations and/or in simulated situations.
  • Research and critically analyse recent or developing business issues, appraise the outcomes of proposed solutions and defend propositions.
  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

Capsim evaluation presentation

Due: Week 13
Weighting: 25%

Individual (15%) + Team (10%)

Estimated student workload - 10 hours 

Submission - In weekly seminar

Extensions - No extension will be granted unless a ‘Disruption to Studies’ application has been approved.

Penalties - Late submisson will not be accepted for marking, i.e., a mark of ZERO will be assigned accordingly.


On successful completion you will be able to:
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.
  • Research and critically analyse recent or developing business issues, appraise the outcomes of proposed solutions and defend propositions.
  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

Delivery and Resources

Classes   

  • This unit includes thirteen three-hour weekly seminars (classes) as detailed in this unit guide.
  • The timetable for classes can be found on the University web site at:  http://www.timetables.mq.edu.au/
  • Class attendance for this unit is compulsory.
  • Students are expected to get involved in class discussion and debate including in-class completion of simulations and case studies.

 

Required and Recommended Texts and/or Materials

Compulsory text:

Referenced books/journals

 

Primary Text (required reading as indicated on class schedule):

 

Johnson, G. Whittington, R. Scholes, K. Angwin, D. and Regner, P. 2014 Exploring Strategy: Text and Cases 10th ed, Pearson

 

Book Chapters available on iLearn (required reading):

 

Hubbard, G. Rice, J. and Galvin, P. 2015 Strategic Management: Thinking, Analysis, Action 5th ed, Pearson pp 4-19 only

 

McKee, A., Kemp, T. and Spence, G 2013 Management: A Focus on Leaders Pearson Chapter 10 “Teams and Team Building” only.

 

Journal Articles (required reading):

 

Ackerman, F. and Eden, C. 2011 “Strategic management of stakeholders: Theory and Practice”, Long Range Planning 44 pp179-196

 

Casal, C and Caspar, C. 2014 “Building a forward looking Board”, McKinsey Quarterly, Issue 2 pp119-126

 

Feser, C. Mayol, F. and Srinivasan, R. 2014 “Decoding leadership: What really matters?” McKinsey Quarterly, Issue 4 pp88-91

 

Freeman, R.E. 2010 “Managing for stakeholders: Trade-offs or value creation”, Journal of Business Ethics, 96 pp7-9

 

Higgins, J.M. 2005 “The Eight ‘S’s of successful strategy execution”, Journal of Change Management, 5 No. 1, March pp3-13

 

Kellerman, B. 2007 “What every leader needs to know about followers”, Harvard Business Review, December pp84-91

 

Kotter, J.P. 1995 “Leading Change: Why transformation efforts fail”, Harvard Business Review, March-April pp59-67 

 

Llopis, G. 2013 “Personal branding is a leadership requirement, not a self-promotion campaign”, Forbes April 8 viewed at http://www.forbes.com/sites/glennllopis/2013/04/08/personal-branding-is-a-leadership-requirement-not-a-self-promotion-campaign/#7a19691015c0

 

Optional reading (references used during the unit):

 

Cummings J.L. and Doh, J.P. 2000, “Identifying who matters: mapping key players in multiple environments”, California Management Review, 42, 2 pp83-103

 

Garratt, B 2010, The Fish Rots from the Head: Developing Effective Board Directors, Profile, London

 

Harrison, J.S., Bosse, D.A. and Phillips, R.A 2010, “Managing for stakeholders, stakeholder utility functions and competitive advantage”, Strategic Management Journal, 31 pp58-74

 

Kaplan, R. S. and Norton, D. P. 2008, The Execution Premium – Linking Strategy to Operations for Competitive Advantage, Harvard Business Press, Boston

 

Mintzberg, H. and Waters, J.A. 1985, “Of strategies, deliberate and emergent”, Strategic Management Journal, 6 pp257-272

 

Tricker, B 2012, Corporate Governance: Principles, Policies and Practices, 2nd edn, Oxford University Press, Oxford

 

You must have read the relevant materials before coming to class and in completing the assessment tasks as well as undertaking your own further research. Direction will be provided by the lecturer on additional research materials.

 

Unit Web Page  

You are required to access a computer and the internet at various times in completing this unit, to download course material available on the learning management system (iLearn) and to complete assessment tasks. 

Unit Schedule

Class

(no.)

Date

(w/c)

Topic

Required Reading for this week’s class

Assessment Due (date)

1

 

Monday

31July

Introduction

Unit Overview & key themes

Models of Strategic Thought

A strategic framework for a sustainable organisation

- Hubbard et al Ch1, pp 4-19 only

- Freeman 2010 “Managing for stakeholders: Trade-offs or Value creation”

 

 

2

Monday

7 Aug

Leadership

Models of leadership

Leaders and followers

The impact of ideas about business ethics on individual and leader behaviour

Personal branding

- Feser et al 2014 “Decoding Leadership: what really matters?”

- Kellerman 2007 “What every leader needs to know about followers”.

- Llopis 2013 “Personal branding is a leadership requirement…”

 

3

Monday

14 Aug

Introduction to CAPSIM

The critical nature of teams

- Supplied materials

- McKee et al Ch10

 

4

 

Monday

21 Aug

 

Sustainability

Stakeholders of the org. and their expectations

How business models affect views on business ethics

Sustainability reporting

- Johnson et al Ch2 pp34-37 only and Ch4

- Ackerman and Eden 2011 “Strategic management of stakeholders: Theory and Practice”

Reflection A

21 Aug. 2pm

Capsim (Practice Round)

5

 

Monday

28 Aug

Governance

Governance and purpose Conformance/performance

Role of boards

- Johnson et al Ch4 cont. and Ch 15 pp501-510 only;

- Casal and Caspar 2014 “Building a forward looking board”

Capsim Rd1

Team Agreement

6

 

Monday

4 Sept

Strategy Formation (1)

Next steps in the strategy cycle - external and internal analysis and SWOT

- Johnson et al Ch2 and Ch3

 

Capsim Rd2

7

 

Monday

11 Sept

Strategy Formation (2)

Strategic options and choice

- Johnson et al Ch6 and Ch7

 

Capsim Rd3

 

 

Monday

18 Sept

Recess/no class

 

 

 

 

Monday

25 Sept

Recess/no class

 

 

 

8

Monday

2 Oct

Strategy Formation (3) Strategic options/choice cont.

- Johnson et al Ch6 and Ch7 cont.

Reflection B

2 Oct 2pm

Capsim Rd4

9

Monday

9 Oct

Strategy Implementation

How organisations change – deliberate/emergent; intended/ realised strategy

The management of change

The role of leaders

- Johnson et al Ch12 and Ch14

- Kotter 1995 “Why transformation efforts fail”

Capsim Rd 5

10

Monday

16 Oct

The Strategic Control of Operations

Strategy/Operations alignment

Strategic drift

A control framework

- Johnson et al Ch13, and CH5 pp162-166 only

- Higgins 2005 “The 8 ‘S’s of Successful strategy execution”

Capsim Rd 6 (final)

 

11

Monday

23 Oct

Communications

Individual communications

In-Class Discussion

 

12

Monday

30 Oct

Guest Speaker – Leadership and the strategy process

 

Project Reports A and B 30 Oct 2pm

13

Monday

6 Nov

Group Presentations

 

Capsim Group Pres. in class

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:

Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html

Assessment Policy http://mq.edu.au/policy/docs/assessment/policy_2016.html

Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html

Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html​

Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html

Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration

In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/

Results

Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

IT Help

For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/

When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.

Graduate Capabilities

PG - Capable of Professional and Personal Judgment and Initiative

Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.

This graduate capability is supported by:

Assessment tasks

  • Capstone simulation (Capsim®)
  • Business project
  • Capsim evaluation presentation

PG - Critical, Analytical and Integrative Thinking

Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.

This graduate capability is supported by:

Learning outcomes

  • Integrate discipline-specific knowledge and skills and apply subject knowledge critically, analytically and creatively to different bodies of knowledge or practice.
  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.

Assessment tasks

  • Reflection A
  • Capstone simulation (Capsim®)
  • Reflection B
  • Business project
  • Capsim evaluation presentation

PG - Research and Problem Solving Capability

Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.

This graduate capability is supported by:

Learning outcomes

  • Synthesise knowledge from alternative perspectives and generate critical thinking and problem-solving skills in formulating and implementing strategy.
  • Research and critically analyse recent or developing business issues, appraise the outcomes of proposed solutions and defend propositions.

Assessment tasks

  • Capstone simulation (Capsim®)
  • Business project
  • Capsim evaluation presentation

PG - Effective Communication

Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.

This graduate capability is supported by:

Learning outcome

  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

Assessment tasks

  • Reflection A
  • Reflection B
  • Business project
  • Capsim evaluation presentation

PG - Engaged and Responsible, Active and Ethical Citizens

Our postgraduates will be ethically aware and capable of confident transformative action in relation to their professional responsibilities and the wider community. They will have a sense of connectedness with others and country and have a sense of mutual obligation. They will be able to appreciate the impact of their professional roles for social justice and inclusion related to national and global issues

This graduate capability is supported by:

Learning outcomes

  • Apply knowledge to complex ethical and global issues and understand its impact on organisations and/or in simulated situations.
  • Demonstrate professional written and interpersonal competencies, including critical reflection on personal, social and practical issues in a team environment.

Assessment tasks

  • Capstone simulation (Capsim®)
  • Business project
  • Capsim evaluation presentation

Research & Practice, Global & Sustainability

This unit also addresses global and sustainability issues as direct areas of study and as necessary implications arising from the materials, assessment and academic discussion and debate in classes/seminars. We promote sustainability by developing ability in students to research and locate information within accounting discipline. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career.

This unit also gives you opportunities to conduct your own research and gives you practice in applying research findings in your assessment tasks. Students will be required to use library resources to research beyond these materials in undertaking research necessary to complete their tasks. The unit encourages students to read journals of interest and publications in these journals have a reference list at the end of each article containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.