21075 Sustainable Value Creation
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Credit points: 6 cp
Subject level: Undergraduate
Result type: Grade and marksRequisite(s): 21252 Accounting for Managerial Practice
There are course requisites for this subject. See access conditions.
Description
The aim of this strategic analytical and decision-making subject is to provide the student with the competencies and skills necessary for understanding, implementing and then managing the strategy process to ensure the long-term viability and success of an enterprise. The integration of diverse theories such as ‘co-creation of value’, ‘sustainable strategies’ and ‘strategy as practice’ provides a knowledge platform for the further development of analytical and non-analytical capabilities that are essential for the identification of sustainable competitive advantage. Case studies, simulations and industry practitioners provide the necessary supporting evidence and metrics are also provided to demonstrate the strategic relationship between design and innovation and shared value creation as a future driver of economic growth.
Subject learning objectives (SLOs)
1. | Develop an ability to undertake a strategic business analysis |
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2. | Identify competitive advantage and determine how firms can retain the same |
3. | Formulate and implement smart and sustainable strategic decisions in a business |
4. | Demonstrate leadership and contribution to group work and create a high performance environment |
Contribution to the development of graduate attributes
This subject integrates analytic rigour with practical managerial insights to promote the student’s ability to put into practice the process of shared value creation and reconceiving a sustainable business model as being at the intersection between society and corporate performance. Philosophically the student participant will gain a deeper appreciation of societal needs and the transformative power of shared value. The integration of diverse theories such as ‘co-creation of value’, ‘sustainable strategies’ and ‘strategy as practice’ will provide a knowledge platform for the further development of analytical and non-analytical capabilities that are essential for the identification of sustainable competitive advantage. In the applied context students will develop a greater understanding of the true bases of company productivity, and the ability to collaborate across profit/non-profit boundaries.
This subject contributes to developing the following graduate attribute(s):
- Intellectual rigour and innovative problem solving
- Communication and collaboration
This subject also contributes specifically to develop the following Program Learning Objective(s):
- Evaluate and apply principles of sustainability, ethical and social responsibility, and Indigenous values in a business environment (3.1)
Teaching and learning strategies
The subject is presented in seminar format. Essential principles are presented and analysed and students are led through practical application exercises. Guest lecturers provide content depth and examples from contemporary business practice. Strategy/ sustainability/ shared value case studies are used throughout to stimulate engagement and prompt context based learning. Students are expected to engage with provided online learning material in order to prepare for block teaching sessions and to address assignment requirements.
Content (topics)
- Foundations of strategy
- Strategy as practice
- Business and competitive analyses
- Business Model Canvas framework
- Competing on the edge: blue oceans
- Design thinking
- Societal needs and shared value
- Redesigning bottom of the pyramid enterprise concepts
- Social entrepreneurship
- Sustainable Development Goals
- Strategy and shared value case studies
Assessment
Assessment task 1: Open book exam (Individual)
Objective(s): | This addresses subject learning objective(s): 1 and 2 |
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Weight: | 30% |
Length: | 60 minutes exam |
Criteria: |
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Assessment task 2: Group Presentation*
Objective(s): | This addresses subject learning objective(s): 2, 3 and 4 |
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Weight: | 30% |
Length: | 15 minute presentation plus 5 minutes questions |
Criteria: | The criteria used to assess student performance include:
*Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 3: Final Report (Individual)
Objective(s): | This addresses subject learning objective(s): 1 and 3 |
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Weight: | 40% |
Length: | 2000 words (not including references or footnotes) |
Criteria: | The criteria used to assess student performance includes:
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Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
References
- Suddaby, R. , Seidl, D. & Le, J.(2013). Strategy-as-Practice meets Neo-Institutional Theory. Strategic Organization, 11(3), pp 329-344
- Benn, S., Edwards, M. and Williams, T (2018) 4th edition, Organizational Change for Corporate Sustainability Routledge: London and New York