Adaptive Strategy and Business Sustainability
LMC702B
Overview
To enrol in this unit, you must be accepted into a course from the provider.
Read before you start
Level of study: What does Postgraduate mean?
Postgraduate
EFTSL: What does EFTSL mean?
0.125
Delivery Method: What does delivery method mean?
Fully Online
Prerequisites: What are the prerequisites?
Duration:
13 weeks
Government loans available:
FEE-HELP FEE-HELP
Domestic student fee:
$2,000.00 (AUD)
International student fee:
$2,225.00 (AUD)
Description
Understand the strategic mindsets and models that will help you comprehend, critique and contribute to the way strategy is developed and implemented in a complex and constantly changing business environment. The unit develops your critical thinking capability, with the intention of helping you identify the contribution of strategic thinking to 'sustainable business practice'. It examines and critiques the rational strategic planning model, noting the need to manage paradoxes and tensions when formulating strategy. It also explores strategy development, implementation, adaptation and innovation in a globally competitive environment. You refine and augment your strategy skills by understanding critical features of adaptive strategy and the implications for organisational design, power, leadership and corporate venturing structures.
Please note: Assessment values are indicative only; details will be advised at the start of the unit.
Enrolment Restriction
In order to enrol in this unit, you must be accepted into one of the following courses:
- Graduate Diploma of Technology (Business Systems)
- Master of Technology (Business Systems)
- Graduate Certificate of Commerce
- Graduate Diploma of Commerce
- Master of Commerce
If you wish to seek approval to enrol in this unit without being accepted in a course, please contact OUA regarding the process.
Prerequisites
Equivalent units
You cannot enrol in this unit if you have successfully completed any of the following unit(s) because they are considered academically equivalent:
- LMC702 — Strategic Planning, Adaptive Strategy and Business Sustainability
Learning Outcomes
At the completion of this unit students will be able to:
- demonstrate an understanding of varied perspectives on strategy, including strategic planning, rational and adaptive strategy
- appreciate and discuss the relative strengths and limitations of the rational strategic planning model and understand its application in a business context
- appreciate and discuss the challenges of developing flexible, localised and autonomous approaches to strategy
- appreciate and discuss the tensions and paradoxes in varying perspectives, including emergent versus deliberate strategy, localised responsiveness versus corporate synergy, and revolutionary versus evolutionary approaches
- apply the concepts of complexity theories to adaptive strategy processes to business enterprise for business sustainability.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | Strategic planning, complexity and rapid change |
| 2 | Imperative for adaptation |
| 3 | Theory of intelligent complex adaptive systems |
| 4 | Structure - adaptive, mesh networks |
| 5 | Culture - action, collaboration, sharing ideas |
| 6 | Creativity, problem solving and decision making |
| 7 | Change agents strategy - frameworks, sharing ideas |
| 8 | Commercial bottom lines and beyond |
| 9 | Adaptive strategy and strategic dissonance |
| 10 | Internal corporate venturing and strategic planning |
| 11 | Knowledge centricity, flow, scope, multi-dimension |
| 12 | Rethinking systems, complexity and critical driver |
Study Resources
Each unit offered through OUA provides students with unit information that includes assessment topics and due dates, policy information and contact numbers for university support and academic staff. Study materials will also clearly outline each week's topic, readings, student activities and the format of all assessment.
Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the Unibooks website and enter the unit details to search for available textbooks.
Relevant Courses
This unit is a core requirement in the following courses:
- Graduate Certificate of Commerce, Swinburne University of Tnlgy
- Master of Commerce, Swinburne University of Tnlgy
This unit is an approved elective in the following courses:
- Graduate Diploma of Technology (Business Systems), Swinburne University of Tnlgy
- Master of Technology (Business Systems), Swinburne University of Tnlgy
- Graduate Diploma of Commerce, Swinburne University of Tnlgy
This unit may be eligible for credit towards other courses:
- Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
- In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Unibooks textbook list.
