Master of Management (Supply Chain Management)
Course code: MC-MGMTSCM
2 years full time / 4 years part time
1.5 years full time (or part time equivalent) with relevant prior qualifications
March, July
Commonwealth Supported Places (CSPs) available
Access Melbourne is available
March, July
AUD $60,992 (2026 indicative first year fee)
IELTS 6.5: with no band less than 6.0
Course structure
Overview
The Master of Management (Supply Chain Management) consists of 16 subjects comprising:
- 4 foundation subjects (50 points)
- 8 core & discipline core subjects (100 points)
- 2 capstone subjects (25 points)
- 2 electives (25 points)
Explore this course
Explore the subjects you could choose as part of this degree.
200 Point Program
Students must complete ALL of the following subjects in their first semester of study:
| Accordion | |
|---|---|
| Business Analysis and Decision Making · 12.5 pts |
This subject introduces students to the different types of information that business analysts and decision makers gather, and how that information is processed to make effective business decisions. A wide range of strategic and operational business problems and decisions will be considered, from fields such as financial management, marketing, human resource management, supply chain management and international business. The subject explores how organisations gather and generate multiple forms of information, and how this information is analysed and converted into useful knowledge via individual judgement and organisational learning processes. In applying empirical and analytical approaches to practical situations, students will develop insights into both the nature of the business problems as well as methods that are used for identifying and evaluating alternative solutions. The subject content will include conceptual foundations, practical tools, and case studies to discuss the costs, benefits and risks of the various analytical methods that will be introduced. |
| Managing for Value Creation · 12.5 pts |
This marketing subject exposes students to an integrated perspective of the firm, how it interfaces with its environment, and how it creates and sustains value. Value creation occurs through interactions of a firm with its stakeholders (including its customers) and is central to marketing. The subject builds a conceptual framework to examine the choices (marketing) managers face in determining how best to create value, and how these choices may be shaped by key stakeholders including government, society, trading partners, customers, employees and competitors. A key focus of this subject is on value creation as a cross disciplinary and cross firm activity. As such, the focus is on value creation from multiple disciplinary perspectives including marketing, strategy, entrepreneurship, HRM, supply chain management and organisational design. |
| Financial Management · 12.5 pts |
This subject is designed to equip students with the tools necessary to enable them to make the core decisions faced by managers and investors. The first part of the subject deals with establishing the environment in which organizations operate, namely the objectives of the suppliers of financial and human capital. The subject then considers the basic tools commonly employed by financial managers and investors including discounted cash flow techniques and financial mathematics. Measures and definitions of alternative forms of risk are considered and the relation between risk and expected reward in capital markets is established. Finally, the subject considers the important decisions faced by firms (such as investment, financing and dividend policy) and by investors (the composition of their optimal portfolio of stocks). |
| Managerial Economics · 12.5 pts |
This subject provides an introduction to the fundamentals of microeconomics, strategy and key issues in macroeconomics, and applies this knowledge to business and management issues. Topics to be covered include: the working of competitive markets; the operation of business organisations such as cost management and pricing decisions; strategic behaviour and market outcomes in different market environments; the effect of public policy on business organisations; and the main macroeconomic influences on the business environment. |
Students must complete ALL of the following subjects:
| Accordion | |
|---|---|
| Managerial Decision Analytics · 12.5 pts |
With the explosion of data, it is critical that businesses harness the right analytical tools to make effective use of the available data. This subject is designed to equip students with a range of tools and techniques that are necessary for effective decision making. Key topics covered include both prescriptive and predictive analytics. Emphasis will be given to potential applications of these tools and techniques in various functional areas including international business, marketing, supply chain, and strategy. |
| Global Value Chains · 12.5 pts |
Many of the products and services consumed in Australia and around the world are designed, manufactured and delivered via interdependent global value chains. Therefore, success of firms depends on their ability to manage these value chains dispersed across the world. This subject will discuss global value chains, their functioning, the challenges they face, and the strategies to manage them. Particularly, the subject will analyse the sociopolitical and economic conditions giving rise to global value chains, their governance and management, risks posed by them and the strategies to manage them, sustainability challenges in them, and their future. |
| Operations and Process Management · 12.5 pts |
This subject examines the engine of every organisation: its productive processes. These are the systems, processes and activities that convert the organisation's inputs into its outputs. Whether manufacturing of goods or provision of services, the principles and techniques of Operations Management can assist an organisation to achieve effective outcomes in terms of cost, quality, delivery, service levels, flexibility and innovation. This subject is integrative in nature, drawing upon concepts originally developed in other areas. The traditional topics such as: assessing the strategic importance of operations; planning and controlling the use of resources; ensuring quality of products and services; and various human issues involved in operations are examined from a contemporary perspective that involves complex phenomena such as globalisation, supply chains, virtual and e-operations, agile/lean operations and mass customisation. Quantitative approaches are often useful in leading us toward possible solutions and so these are introduced where appropriate. However, in many situations, it is sufficient to descriptively understand the critical issues and major trade-offs involved. Finally, links with other areas of decisions and organisational functions are considered as they are critical to getting the most from the operations system. |
| Project Management · 12.5 pts |
The use of project management techniques has risen sharply. Examples of projects include research and development studies, reorganisation efforts, implementation of change programs, installation of a new piece of equipment, advertising campaigns, construction, organising special events and other one-off endeavours. The subject will cover the key drivers of project success, training and leadership in project environments. Project selection is the first critical set of decisions. Matching of the projects selected to the organisation’s strategy is taken as the starting point. Practical tools and techniques will then be introduced to manage the project or special event for success. The subject will also involve the use of an appropriate Project Management software package such as MS Project. |
Students must complete ALL of the following subjects:
| Accordion | |
|---|---|
| Supply Chain Management · 12.5 pts |
This subject is aimed at developing an advanced understanding of the principles, concepts and approaches employed in the management of supply chains between industrial, commercial, and governmental organisations. It includes the management of materials and information in trading partner relationships. It also includes cost-savings, time-to-market, new product development, and consideration of supply chain management in these and other strategic contexts. Strategic issues relevant to the management of supply chains are covered. These include management of trading partner relationships, use of information technology, configuration of logistics networks and managing international supply chains. |
| Procurement and Logistics Management · 12.5 pts |
This subject examines both the strategic and operational levels of purchasing, procurement, logistics, transportation and supply management. This subject will identify the complete purchasing process model as well as inter-organisational and intra-organisational logistics, and enhance the ability to manage the critical components of the process model and manage and design various logistics distribution effectively and efficiently. Specific topics will include: make-or-buy decision; Kraljic’s sourcing strategies; supplier selection processes and criteria; strategic sourcing approaches; outsourcing/offshoring/re-shoring/near-shoring; global sourcing; contracting; ordering; post-purchase performance evaluation; supplier integration; supplier development; supply base optimisation; transportation management; transportation outsourcing; intermodal transportation; warehousing and distribution centre; inbound and outbound logistics management; vehicle sequencing and routing optimisation; intra-organisational process and layout design. |
| Supply Chain Technology & Info Mgmt · 12.5 pts |
This subject is aimed at introducing the existing and emerging technologies used in supply chains as well as the role of information in supply chain relationships. The aim of this subject is to introduce the core functionalities and applications of key supply chain technologies in end-to-end supply chains and will include technologies such as Internet of Things and Artificial Intelligence among others. Key topics on information management in supply chains include the role of information in managing and coordinating a supply chain, information sharing (including its rationales, key challenges, and enablers), as well as established and new information systems. Emphases will be given to how data/information can be used to support supply chain decision making in various areas, including risk management, inventory management, and supply chain social responsibility. |
| Manufacturing & Service SCM Design · 12.5 pts |
This subject investigates the core elements of manufacturing and service supply chain design, focusing on topics such as: design of capacity, technology management, facility location optimisation, coordination and the achievement of quality, flexibility and cost management. The subject will include treatment of the trade-offs and synergies between performance outcomes of cost, quality, delivery performance, flexibility and innovativeness, and the sustainability of supply chain design choices. The subject will further outline differences of service supply chains from product-based supply chains; emphasize understanding of how supply chains interact with people for delivery of services and different approaches for incorporating people, process, and technology; analyse industry-specific service supply chains; discuss innovations in service supply chains; and present emerging and futuristic trends in service supply chains. It will cover the advanced technology choices associated with supply chain network design, and the international location and sourcing decisions, of offshoring and reshoring. Current opportunities of undertaking innovations in supply chain choices will be examined and evaluated. |
Compulsory
Students must complete the following subject in their final semester of study:
| Accordion | |
|---|---|
| Sustainability Mgmt in Supply Chains · 12.5 pts |
This subject is aimed at introducing the fundamentals of sustainability practices, frameworks and standards in end-to-end supply chains. The foundation of this subject is based on four pillars that start from an introduction to sustainability-related performance measures in supply chains. The subject then moves on into discussing frameworks for identifying, assessing and managing sustainability-related supply chain risks. The major sustainability standards for businesses and their supply chains are introduced and discussed. Furthermore, the nature of closed loop supply chains and circular economies to achieve sustainable operations in supply chains are examined and debated. |
Selection group
Students must complete ONE the following subjects:
| Accordion | |
|---|---|
| Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an Australian setting. Working in small teams, students will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities constraints and recommendations of the exercise. Students will learn to: work with unstructured and incomplete information in Australian business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Global Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an international setting. Students will be assigned in small groups to research a business problem in an international context. Working in teams, they will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities, constraints and recommendations of the exercise. Students will learn to work with unstructured and incomplete information in international business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Analytics Management in Supply Chains · 12.5 pts |
This subject is focused on decision making relevant to supply chain management. Key topics on supply chain management side include: network design, economic order quantity, news-vendor models, pricing and revenue management, and incentive conflicts and coordination using contracts. These topics will be discussed through the adoption of descriptive, predictive and prescriptive analytics. |
| Supply Chain Strategising · 12.5 pts |
This subject focuses on an integrative approach to analysing significant supply chain strategies that organisations pursue. Using the make or buy (also known as outsourcing or insourcing) decision as a key supply chain strategy, the critical tangible and intangible factors will be analysed to form integrated frameworks for decision making purposes. Tangible factors consist of financial data and supply chain contracts, while intangible factors include risk of opportunistic behaviour, contract coordination, revenue and risk sharing, nature of resource/capability contributions, and extent of misaligned interests between supply chain partners. Key theories and case studies will be used to illustrate the significance of these factors. Examples of analytical frameworks include matrix, flowchart, or questionnaire. It will also cover designing innovative supply chain contracts and financial instruments to improve performance, coordinate costs and product availability. The importance of applying a structured and consistent approach to strategic supply chain analysis will be emphasised. |
Compulsory
Students must complete the following subject as well as ONE subject from the Selective group:
| Accordion | |
|---|---|
| Management & Marketing Special Topics 1 · 12.5 pts |
This subject is aimed at students undertaking graduate research programs. The overall aim is to provide the students an opportunity to broaden and deepen their understanding of core theoretical concepts within their discipline. This subject consists of a set program of weekly seminars on topics from the discipline within which candidate’s thesis is undertaken or an approved reading course under the direction of academic member (s) of staff within the department. |
Selective group
Students must complete ONE of the following subjects:
| Accordion | |
|---|---|
| Advanced Management Theory · 12.5 pts |
This subject critically and systematically examines a range of important theories in the management field. The basic elements of these theories will be discussed. Ways in which these theories are invoked and operationalised in empirical and conceptual studies will also be discussed. Some of the theories that will be covered include agency theory, resource-based view, transaction cost economics, resource dependence theory, innovation theory, entrepreneurship critical management theory and institutional theory. A strong emphasis will be placed on linking these theories to the various research topics in management. |
| Advanced Marketing Management · 12.5 pts |
The subject provides students with an advanced understanding of some fundamental and influential theories in marketing strategy and marketing management. Theories include market social exchange, transaction costs, social network, relationship marketing, resource based view, dynamic capabilities, value co-creation, corporate social responsibility and stakeholder theory. |
| Advanced International Business · 12.5 pts |
The rise of multinational enterprises and cross-border transactions represent an exciting challenge to traditional management theories, as these phenomena raise questions about the universality of concepts typically formulated to explain domestic (or Western) behaviour. International business scholars seek to explore, examine and explain the key defining elements of international business – location, development and transfer of competitive advantages, managing at a distance, governance decisions, and cross-cultural issues. This subject covers advanced themes and issues in the theory and practice of international business. Drawing on rich and varied theoretical traditions, contemporary quantitative and qualitative research, students will progress through a variety of process, content and contextual considerations to build an advanced perspective on the international business discipline. |
| Advanced Human Resource Management · 12.5 pts |
We begin by evaluating a range of theoretical perspectives on people, work, and employment. The emphasis will be on understanding and applying different conceptual perspectives to human resource management. The disciplinary foundations for the body of research reflected in this course are psychology, social-psychology and sociology, industrial relations, and management. We will review classics and contemporaries, theories and empirics, and interesting contradictions and consistencies to understand the impact of HR activities on employees and organisations. The course seeks to develop a thorough understanding of the ontological (the “what” of the topic) and epistemological (the “how we research”) foundations of the topics covered. Note, however, our coverage of research methods will be driven by the topic rather than vice-versa. As such, students will explore and critique frameworks, theories, methodologies, and conclusions from prior research, and develop their own perspectives on the topics. |
| Advanced Operations Management · 12.5 pts |
This subject examines state of the art thinking on the productive processes within organisations. The subject will provide an in-depth understanding of topics such as: the strategic importance of operations; planning and controlling the use of resources; ensuring quality of products and services; human issues involved in operations. The subject also considers the evolving context of operations management, with particular focus on globalisation, supply chain innovation, virtual and e-operations, agile/lean operations and mass customisation. This subject delves deeper into the quantitative tools available to managers for getting the most from the operations system. |
| Advanced Strategic Management · 12.5 pts |
This subject examines advanced themes and issues in the theory and practice of strategic management. Embedded in the critical examination of competitive advantage as derived from sources internal and external to the firm, this subject is designed to provide students with an appreciation of strategic management as a value-added approach to conceptualising the firm and its environment in pursuit of optimum rewards. Drawing on rich and varied theoretical traditions, contemporary research and case study analysis, students will progress through a variety of process, content and contextual considerations to secure an advanced perspective of the strategic management discipline. Broad topics include strategic change, strategy formation and implementation; business, corporate and network level strategies and examination of industry, organisational and international contexts. Within these broader topics such issues as innovation and dynamic capability theory will be investigated. |
| Advanced Consumer Behaviour · 12.5 pts |
This subject is designed to provide a strong foundation in theories and research in the area of consumer behaviour. This will involve an examination and understanding of various topics in social sciences such as cognitive psychology, social psychology etc. and the application of these to understand consumer behaviours. We will cover various topics such as consumer processing of market information, how information is incorporated into decision-making, factors influencing decision-making, and major methodologies available for investigating consumer behaviours. |
Students must complete TWO of the following subjects:
| Accordion | |
|---|---|
| Sustainability Reporting & Management · 12.5 pts |
Diverse stakeholders are increasingly demanding information about the broader social and environmental dimensions of organizational performance. Incorporating this information into decision-making is complex because it tends to be non-financial in nature and traditional models tend to focus on financial information. This course will investigate issues associated with production, reporting, and use of sustainability related information for decision-making. At a broader level, the course will help students to develop their critical thinking and analytical skills to help them apply their knowledge to settings where extant models do not fit well. |
| Fundamentals in Accounting · 12.5 pts |
This subject focuses on the nature of accounting from the perspective of the users of financial reports. In this subject, students will learn how to analyse and interpret financial information prepared by diverse businesses, both profit and not-for-profit. A key theme in the subject is to understand the relevance of accounting information for the decisions typically made by diverse stakeholders including financial analysts, bankers and shareholders as well as the strategic and operational decisions made by managers within the different businesses. This subject is designed to meet the needs of students from all disciplines, who seek to become more informed users of accounting information but who do not intend to pursue further studies in accounting. |
| Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an Australian setting. Working in small teams, students will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities constraints and recommendations of the exercise. Students will learn to: work with unstructured and incomplete information in Australian business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Global Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an international setting. Students will be assigned in small groups to research a business problem in an international context. Working in teams, they will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities, constraints and recommendations of the exercise. Students will learn to work with unstructured and incomplete information in international business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Business and Economics Internship · 12.5 pts |
This subject involves the completion of a professional work placement (internship) either: off campus at an approved host organisation in Australia or overseas OR on campus at the 'WorkHub' Integrating academic learning in business & economics areas of study, students will gain an improved knowledge of employability skills, workplace culture, and career pathways. Students will be required to undertake pre-placement online modules designed to equip students with employability skills and techniques for creative problem solving, as well as learning tasks throughout the placement period. The placement will draw on students' specific discipline skills associated with the specialisation of their degree. Internships may be paid, or unpaid provided they comply with the Fair Work Act. This subject is intended to provide students with the opportunity to apply their business knowledge in an industry setting under the joint supervision of an industry and an academic mentor. Students can either apply for a University-sourced internship or apply to have a self-sourced internship approved for credit. Applications should be submitted by the due dates published on the MBS website. Selection into this subject is based on suitability of the placement, and demonstrated motivation to benefit from the program, and timely submission of the application. The on-campus 'WorkHub' provides a modern collaborative and supportive office environment for students to complete internship tasks in groups, and connect with industry professionals both on-campus, virtually, and at the host organisation. Students will either enrol in the off campus or on campus availability following selection. The subject coordinator will have final approval of all selected students. Enrolment will be capped and subject to meeting the relevant academic program requirements and availability of appropriate internship opportunities. |
| Building Entrepreneurial Ventures · 12.5 pts |
The purpose of this subject is to study and practice topics on developing an entrepreneurial venture from an idea through to its first ‘minimum viable product’ in the market, and first customer. The subject closely examines how entrepreneurial ventures are established; the building of attributes and skills of successful entrepreneurs; how product-market fit is established through business models; development of financial models in entrepreneurial ventures; how and with what outcomes meso-level interfacing between the entrepreneur and market incumbents exists; and deployment of a value-adding product in the market. This subject presents some of the key frameworks and tools needed by entrepreneurs and is for anyone who has an interest in understanding entrepreneurship as either potential founders, those looking to intrapreneurship in large organisations, or those looking to work with entrepreneurs in one way or another. The subject uses a combination of theory building and key entrepreneurial model exploration and intensive ‘bootcamp’ approach, similar to entrepreneurial bootcamps in practice, to build knowledge and skills in the area, recognising that these are transferable and useful to many students will either start or work for non-traditional organisations. |
| Environmental Economics and Strategy · 12.5 pts |
The subject provides an understanding of the economic analysis of market and government decisions affecting the environment. Topics include economic principles used in analysing private sector decisions on resource use and preservation, externalities and public goods reasons for government intervention, the theory and practice of benefit cost analysis, case study illustrations to water, forests, greenhouse gases and biodiversity. |
| Creating Innovative Professionals · 12.5 pts |
This subject aims to give you theoretical frameworks, practical insights, and preliminary skills to work in your chosen profession in contexts where determining what problem to work on is an important complement to knowing how to solve that problem. You will develop these understandings, insights and skills by working on two projects. In the first, they will work in multi-disciplinary teams on a strategically-important innovation challenge sponsored by an industry organisation. Through that project, you will learn the “what and how” of delivering innovation-like projects – understanding the relationship between your challenge and the organisation’s strategy; designing, securing, and conducting interviews; analysing qualitative data to generate insights; ideation and creativity techniques to create value; stakeholder management; working in an intense team on an ambiguous problem; visual and oral communication. In the second, you will develop the ability to apply to the same concepts to yourself – How will you know what you want and need? How will you know if you need to change? How will you innovate yourself as your interests, needs, and work world shift? We aim for you and your team to own your project and your learning. Creating Innovative Professionals (CIP) and its companion subject, Creating Innovative Engineering ENGR90034 (CIE), are delivered by the University's Innovation Practice Program. To learn more about the Program, including the range of organizations that have participated as sponsors, examples of past projects and to hear students talk about their experiences in taking CIE/CIP, please go to the Innovation Practice Program’s website. All project sponsors will require students to maintain the confidentiality of their proprietary information. The University will require all students (except those working on projects sponsored by the University itself) to assign any Intellectual Property they create (other than Copyright in their Assessment Materials) to the sponsor of their project. |
| Sustainable Investment · 12.5 pts |
Sustainability is an increasingly important consideration in the finance sector. This subject will examine how Environmental, Social and Governance (ESG) risks, including climate change and human rights, can be integrated into investment decisions and ongoing management. Topics will include: how investors vote and actively engage with investee companies to ensure long-term value creation, ethical investing, social activist divestment campaigns and financial market innovations to address sustainability objectives. This subject will also outline why, how and where investment is used to intentionally drive social and environmental impact in alignment with the UN Sustainable Development Goals. Topics will include: a practical overview of best practice in strategically managing impact, embedding impact considerations into all elements of fund management, and how various elements of global and national financial systems help and hinder the flow of capital to impact. |
| Managing in Asia · 12.5 pts |
This subject will explain and conceptualise the nature of Asian management and business practices from economic, cultural and institutional perspectives. The emphasis of the subject is on the application of contextual knowledge about international business theory as tailored to the Asia Pacific, to analyse and make decisions faced by companies operating or expanding in the Asia Pacific region. Students will be required to apply the knowledge and skills learnt to solve various business issues in Asian business environment. |
| Managing Stakeholders · 12.5 pts |
The demand for business-focused HR means that HR practitioners need the ability to work in partnership with stakeholders from diverse areas of the business. This capacity is essential to improving the implementation of HR strategies, initiatives and plans, to build business support for HR and to ensure that HR is integrated with other business activities and functions. This subject focuses on developing business partnership competencies for HR people and will cover consulting and influencing skills, relationship-building, organisational politics, group processes and project management. |
| Diversity, Equity and Inclusion · 12.5 pts |
Diversity, Equity and Inclusion continues to be a critical topic for managing people and organizations and for society more broadly. This subject offers a contemporary and critical perspective on how organizations can approach diversity, equity and inclusion to maximize the benefits for themselves, as well as employees and external stakeholders. Students will be introduced to frameworks that can be used to analyse, plan and evaluate DEI strategies and interventions and apply these to real-world organizational examples. In addition, the subject offers opportunities to learn more about specific DEI groups and topics, and how organizations can attract and retain diverse talent and foster an inclusive working environment. This will include discussion of gender, work and family, race and ethnicity, disability, age and other issues of current interest. |
| Leadership and Team Dynamics · 12.5 pts |
As organisations have gradually shifted towards using more team-based work structures, one of the main challenges in the modern workplace is how to effectively lead and manage teams. This subject deals with this challenge by focusing on understanding the principles of leadership in organisations and the fundamentals of team structure of team processes. Topics considered include: the structure of teams within organisations; differences in team members; managing interpersonal dynamics in teams; theories of leadership; the role of managers as organisational leaders; human resource and organisational factors that impact leading teams effectively. |
| Human Resource Fundamentals · 12.5 pts |
Students in this subject examine the key policies and practices of HR, including the attraction and retention of employees, developing, evaluating and rewarding performance. We evaluate the impact of HR policies and practices from the perspective of workplace stakeholders, including employees, unions, management and organisations. |
| People and Change · 12.5 pts |
This subject examines individual and collective human behaviour in and around issues of organisational change. The subject will cover a broad theoretical basis that assists in understanding how change at the employee, group and strategic levels affects individuals. Both the planned approach and emergent approach to change management will be considered. Topics to be covered include: drivers of change, the role of internal and external change agents, tools for successful change management, and the implementation and consequences of specific change initiatives. |
| Supply Chain Management · 12.5 pts |
This subject is aimed at developing an advanced understanding of the principles, concepts and approaches employed in the management of supply chains between industrial, commercial, and governmental organisations. It includes the management of materials and information in trading partner relationships. It also includes cost-savings, time-to-market, new product development, and consideration of supply chain management in these and other strategic contexts. Strategic issues relevant to the management of supply chains are covered. These include management of trading partner relationships, use of information technology, configuration of logistics networks and managing international supply chains. |
| International Human Resource Management · 12.5 pts |
This subject will examine the challenge of managing a global workforce in an international setting. The relationships between the external environment, organisational factors, and international HRM strategies and practices will be studied from both a theoretical and empirical perspective. The key issues considered will be cultural diversity in global business; international recruitment and selection; international performance management; training and development for global workforces; international compensation and international comparison of labour relations. |
| Managing Innovation · 12.5 pts |
The purpose of this subject is to examine the topics of Managing Innovation in the context of large and small organisations. Innovation is ultimately the lifeblood of organisations, in that it is concerned with the capability to effectively introduce new products and services, new or substantively improved processes or other major initiatives into existing and new organisations. Topics include innovation capability, new product/process technology introduction, and innovation culture and innovation measures The subject addresses the process of innovation exploitation and exploration and the role ambidextrous organisational designs and dynamic organisational capabilities play in this process. The subject will examine the emerging importance of open innovation in the co-evolution of market and customer value and the use of crowd and expert sourcing in this process. Key elements addressed that are part of successful innovation companies are vision and strategy innovation, creativity and idea management, culture and climate, management of technology, organisational structures, intelligence and systems. Firms that have successfully and systematically created such capabilities will be used as case studies. |
| Project Management · 12.5 pts |
The use of project management techniques has risen sharply. Examples of projects include research and development studies, reorganisation efforts, implementation of change programs, installation of a new piece of equipment, advertising campaigns, construction, organising special events and other one-off endeavours. The subject will cover the key drivers of project success, training and leadership in project environments. Project selection is the first critical set of decisions. Matching of the projects selected to the organisation’s strategy is taken as the starting point. Practical tools and techniques will then be introduced to manage the project or special event for success. The subject will also involve the use of an appropriate Project Management software package such as MS Project. |
| Operations and Process Management · 12.5 pts |
This subject examines the engine of every organisation: its productive processes. These are the systems, processes and activities that convert the organisation's inputs into its outputs. Whether manufacturing of goods or provision of services, the principles and techniques of Operations Management can assist an organisation to achieve effective outcomes in terms of cost, quality, delivery, service levels, flexibility and innovation. This subject is integrative in nature, drawing upon concepts originally developed in other areas. The traditional topics such as: assessing the strategic importance of operations; planning and controlling the use of resources; ensuring quality of products and services; and various human issues involved in operations are examined from a contemporary perspective that involves complex phenomena such as globalisation, supply chains, virtual and e-operations, agile/lean operations and mass customisation. Quantitative approaches are often useful in leading us toward possible solutions and so these are introduced where appropriate. However, in many situations, it is sufficient to descriptively understand the critical issues and major trade-offs involved. Finally, links with other areas of decisions and organisational functions are considered as they are critical to getting the most from the operations system. |
| Conflict and Negotiation · 12.5 pts |
Conflict between individual and groups is an inevitable aspect of day to day life. This subject will review the nature of conflict in the workplace and the conflict management strategies of influencing and negotiation. Students will be given the opportunity to apply negotiation techniques to case studies and in simulations. |
| Global Corporate Governance · 12.5 pts |
Firms face complex problems of governance and increasing scrutiny. The course will explain the function and features of corporate governance and key corporate governance theories. It will analyse the roles of board members and why good corporate governance practices are important for businesses. In particular, the course will discuss the implications of board membership composition for firms; why independent directors on boards are crucial; how committees are structured; the distinctive function of a CEO and Chairman, among others. It will also highlight corporate governance in an era of 'social responsibility'. |
| Management Competencies · 12.5 pts |
This subject will give you an opportunity to assess and develop your general management knowledge and skills. We will focus on practical concepts and frameworks , and experiential learning interventions, to enhance your capacity for communication and decision making, for engaging and motivating individuals and teams, and for effectively dealing with conflict and change. |
| Consulting Principles and Practice · 12.5 pts |
This subject will critically explore the purpose and value of management consulting as a profession. By examining the entire consulting engagement cycle, dynamics of client-consultant relationships, and consulting business models, students will develop essential soft and technical skills to diagnose, analyse and solve complex organisational problems. Through close scrutiny of actual consulting work, and practitioners’ experience with real-world challenges, this subject examines current practices and explores how these practices are evolving as a result of institutional and technological changes. The subject also requires students to distil and contemplate professional principles that can ensure integrity, accountability, and positive societal and economic impact of management consulting. |
| Social Entrepreneurship · 12.5 pts |
Social entrepreneurs are individuals who establish an enterprise with the goal of solving complex social or environmental problems, including poverty, access to health, homelessness, climate change and food waste. They have been credited with success in disrupting the traditional forms and purpose of business and charity by creating innovative social enterprises that meld the best features of business and the non-profit sector. This subject seeks to equip students with a critical understanding of the social enterprise form and support them in developing a startup social enterprise with the purpose of solving a social and/or environmental problem. Designed and delivered with input from leaders in the social enterprise sector, the subject features lectures and workshops on social enterprise design, business modelling, pitching, social finance and measurement, as well as addressing the difficulties and dark side of social enterprise. In the subject students will develop an idea for a startup social enterprise and develop a business plan which they will pitch to a Shark Tank panel of experts. Prizes will be awarded to the best ideas to help develop these solutions into successful social enterprises. |
| People and Capability · 12.5 pts |
An organization's capacity to achieve a competitive advantage through human resources begins with successful staffing. This subject evaluates the decision to “make” (train) or “buy” (recruit and select) employees for the organisation. We examine the strategic implications of staffing the organisation and then, using both theory and empirical research to assess the role and impact of recruitment, selection and training. Topics in the “buy” section of this subject include determining recruiting needs, identifying selection criteria, internal and external sourcing, evaluating recruiting effectiveness, interviewing and selection procedures and the application process. Topics in the “make” section of this subject identifying training needs, learning styles, planning the delivery of training and how to assess the effectiveness of training. |
| Entrepreneurial Practice · 12.5 pts |
This subject introduces entrepreneurship as a key driver of success in all organisations, ranging from start-ups to large, mature organisations and in both public and private settings. A strong practical focus will be taken. Students will learn from benchmarked companies and visiting speakers with entrepreneurial backgrounds about the key dilemmas encountered in the entrepreneurial process and the solutions that they can put into practice. A significant part of the course is designed around hands-on experience in an ‘incubator’ environment, where ideas are generated and refined through collaboration and iteration between all participants. Students are expected to demonstrate entrepreneurial skills and use these to take their own innovation (a solution to a real world problem) to the pre-implementation stage. Through these practical instances, students are expected to develop a broader theoretical understanding of the critical elements of entrepreneurship, including the entrepreneurial mindset, capabilities and processes, skills that range from financial acumen, through to marketing, production and scale-up, often requiring novel solutions to these matters, under conditions of high uncertainty. Frameworks will be introduced that address the whole process that cover activities from the development and selection of ideas (invention), testing their efficacy and the business planning involved to exploit those ideas (entrepreneurship). The subject will also examine how entrepreneurs can shape their organisations so that they continuously build and commercialize valuable innovations. Many of the examples will focus on how established organisations can become more innovative and entrepreneurial. |
| Leading for Strategic Advantage · 12.5 pts |
This subject is intended to provide students who do not have a business background with grounding in the field of strategy. It will expose them to key themes, issues and theories of strategy, with a particular focus on the role of leadership in developing and implementing strategy for business success. There will be a strong emphasis on using theoretical knowledge to solve practical problems, which will be achieved through the use of case studies and discussion of contemporary business problems. Students who complete the subject should have a sound theoretical and applied understanding of the role of strategic leadership in business success. Topics covered will include: the role of strategy in business performance; the impact of environments on strategy; the role of leadership in strategy formulation and implementation; working with multiple stakeholders; strategic decision making; and leadership in corporate social responsibility. |
| Sustainable Business Practices · 12.5 pts |
This subject addresses the sustainability related challenges confronting business organisations, and how these can be overcome. Many organisations find it difficult to balance short and long-term objectives relating to economic, social and environmental outcomes. The subject addresses the complexity and multi-faceted nature of social and environmental issues and why they present significant challenges to organisations. Principles of sustainability will be discussed with reference to concepts such as corporate social responsibility, corporate political responsibility, triple bottom line thinking and creating shared value. It will then review how organisations respond to these challenges, both negatively and positively, and why they respond in these ways, including strategic, ethical and critical perspectives. The subject then addresses approaches that increase organisations’ capability for continuous renewal and long-term success, whilst also promoting social and environmental benefits. This will be done through a focus on topics such as managerial competencies and organisational capabilities for sustainability, stakeholder management, industry and transnational guidelines for sustainability, national regulation and self-regulation, and an integrated supply chain perspective. |
| Entrepreneurial Organisation · 12.5 pts |
This subject focuses on the design, structure, and processes for creating and managing an entrepreneurial enterprise both operationally and strategically. A key consideration will be the role of leaders and the challenges these leaders need to overcome over the phases in the life of the enterprise, through launch, growth and maturity. An understanding of the alignment of human resources, people and talent, leadership, culture and operational practices to match strategic goals as the entrepreneurial enterprise responds to the changing internal and external challenges is pivotal to the success of any entrepreneurial endeavour and will be a key focus of this subject. Furthermore, the subject will discuss new ways of organising that facilitate entrepreneurial outcomes, like, for example, the holacracy model, platform-based ecosystems, and the Rendanheyi model. |
| Analytics Management in Supply Chains · 12.5 pts |
This subject is focused on decision making relevant to supply chain management. Key topics on supply chain management side include: network design, economic order quantity, news-vendor models, pricing and revenue management, and incentive conflicts and coordination using contracts. These topics will be discussed through the adoption of descriptive, predictive and prescriptive analytics. |
| Supply Chain Strategising · 12.5 pts |
This subject focuses on an integrative approach to analysing significant supply chain strategies that organisations pursue. Using the make or buy (also known as outsourcing or insourcing) decision as a key supply chain strategy, the critical tangible and intangible factors will be analysed to form integrated frameworks for decision making purposes. Tangible factors consist of financial data and supply chain contracts, while intangible factors include risk of opportunistic behaviour, contract coordination, revenue and risk sharing, nature of resource/capability contributions, and extent of misaligned interests between supply chain partners. Key theories and case studies will be used to illustrate the significance of these factors. Examples of analytical frameworks include matrix, flowchart, or questionnaire. It will also cover designing innovative supply chain contracts and financial instruments to improve performance, coordinate costs and product availability. The importance of applying a structured and consistent approach to strategic supply chain analysis will be emphasised. |
| New Product Development · 12.5 pts |
New Product development is an important source of growth and profitability as existing markets become price competitive and saturated. However, the process of new product development is fraught with risk. In this course we study the process of managing products and how companies can manage their introduction and elimination from the product portfolio. We review how these decisions are made within the context of profit seeking and not-for-profit organizations. We then review the implication of these decisions for performance. |
| Marketing Management · 12.5 pts |
This subject provides an introduction to the basic concepts, principles and activities of marketing and how to manage an organisation's marketing effort. Some of the principal topics include value-based marketing, market research, selecting target markets, product and brand management, marketing communications (advertising and promotions, as well as personal selling), management of distribution channels, pricing decisions and marketing ethics. Students are also introduced to the nature of buyer behaviour, including decision-making patterns, purchase behaviours, and customer satisfaction. |
| Marketing, Society and Sustainability · 12.5 pts |
This subject explores the role of marketing and consumption in a world facing significant social and environmental challenges. What is the role of marketing and marketers in climate change, digital privacy, or the obesity crisis? Does marketing actually improve consumers’ wellbeing? Many ‘ethical’ consumers now integrate their concern for society and the environment into their purchasing decisions. And many ‘ethical’ brands now promote their social and/or environmental credentials. So, can we market and consume our way out of these crises? This subject will address the criticisms of marketing’s role in sustainability issues, and then equip students with the strategic and ethical direction to respond proactively to the opportunities these challenges provide. |
| Business Risk Management · 12.5 pts |
Risk management is a key business activity that impacts the full range of organisational activities and functional areas across the enterprise. This subject surveys a spectrum of business risks from operational to strategic risks. It provides a foundation in enterprise risk management principles, tools and techniques such as risk scenario planning. |
| Artificial Intelligence in Organisations · 12.5 pts |
The expectations on contemporary managers to make agile decisions in complex digitised environments are increasing. This subject focuses on the development of managerial capabilities to engage appropriate decision-making models and employ new-generation analytic tools that best-fit the scenario as it unfolds. This subject provides both conceptual frameworks and practical illustrations of quantitative decision-making techniques including decision trees and optimisation to tackle business problems. Students will be shown how to use these quantitative approaches to analyse business problems and, based on these analyses, make effective decisions. These frameworks can be applied to various decisions faced by organisations, with applications in different areas such as operations, marketing, financial and nursing management. Managers must also decide if and how to employ Artificial Intelligence (AI) within their workplace to create value for the organisation. This subject explores the function, advantages and limitations of AI and machine learning, and how these tools can optimise decision making in complex environments. The subject focuses on: (1) the foundations of AI—inputs, processes, and outputs; (2) AI in action in various contexts to evaluate the opportunities and challenges; and (3) the critical analysis of AI to illustrate contrasting scenarios in which the adoption of AI creates value and destroys value for the organisation. |
150 Point Program
Students must complete ALL of the following subjects:
| Accordion | |
|---|---|
| Managerial Decision Analytics · 12.5 pts |
With the explosion of data, it is critical that businesses harness the right analytical tools to make effective use of the available data. This subject is designed to equip students with a range of tools and techniques that are necessary for effective decision making. Key topics covered include both prescriptive and predictive analytics. Emphasis will be given to potential applications of these tools and techniques in various functional areas including international business, marketing, supply chain, and strategy. |
| Global Value Chains · 12.5 pts |
Many of the products and services consumed in Australia and around the world are designed, manufactured and delivered via interdependent global value chains. Therefore, success of firms depends on their ability to manage these value chains dispersed across the world. This subject will discuss global value chains, their functioning, the challenges they face, and the strategies to manage them. Particularly, the subject will analyse the sociopolitical and economic conditions giving rise to global value chains, their governance and management, risks posed by them and the strategies to manage them, sustainability challenges in them, and their future. |
| Operations and Process Management · 12.5 pts |
This subject examines the engine of every organisation: its productive processes. These are the systems, processes and activities that convert the organisation's inputs into its outputs. Whether manufacturing of goods or provision of services, the principles and techniques of Operations Management can assist an organisation to achieve effective outcomes in terms of cost, quality, delivery, service levels, flexibility and innovation. This subject is integrative in nature, drawing upon concepts originally developed in other areas. The traditional topics such as: assessing the strategic importance of operations; planning and controlling the use of resources; ensuring quality of products and services; and various human issues involved in operations are examined from a contemporary perspective that involves complex phenomena such as globalisation, supply chains, virtual and e-operations, agile/lean operations and mass customisation. Quantitative approaches are often useful in leading us toward possible solutions and so these are introduced where appropriate. However, in many situations, it is sufficient to descriptively understand the critical issues and major trade-offs involved. Finally, links with other areas of decisions and organisational functions are considered as they are critical to getting the most from the operations system. |
| Project Management · 12.5 pts |
The use of project management techniques has risen sharply. Examples of projects include research and development studies, reorganisation efforts, implementation of change programs, installation of a new piece of equipment, advertising campaigns, construction, organising special events and other one-off endeavours. The subject will cover the key drivers of project success, training and leadership in project environments. Project selection is the first critical set of decisions. Matching of the projects selected to the organisation’s strategy is taken as the starting point. Practical tools and techniques will then be introduced to manage the project or special event for success. The subject will also involve the use of an appropriate Project Management software package such as MS Project. |
Students must complete ALL of the following subjects:
| Accordion | |
|---|---|
| Supply Chain Management · 12.5 pts |
This subject is aimed at developing an advanced understanding of the principles, concepts and approaches employed in the management of supply chains between industrial, commercial, and governmental organisations. It includes the management of materials and information in trading partner relationships. It also includes cost-savings, time-to-market, new product development, and consideration of supply chain management in these and other strategic contexts. Strategic issues relevant to the management of supply chains are covered. These include management of trading partner relationships, use of information technology, configuration of logistics networks and managing international supply chains. |
| Procurement and Logistics Management · 12.5 pts |
This subject examines both the strategic and operational levels of purchasing, procurement, logistics, transportation and supply management. This subject will identify the complete purchasing process model as well as inter-organisational and intra-organisational logistics, and enhance the ability to manage the critical components of the process model and manage and design various logistics distribution effectively and efficiently. Specific topics will include: make-or-buy decision; Kraljic’s sourcing strategies; supplier selection processes and criteria; strategic sourcing approaches; outsourcing/offshoring/re-shoring/near-shoring; global sourcing; contracting; ordering; post-purchase performance evaluation; supplier integration; supplier development; supply base optimisation; transportation management; transportation outsourcing; intermodal transportation; warehousing and distribution centre; inbound and outbound logistics management; vehicle sequencing and routing optimisation; intra-organisational process and layout design. |
| Supply Chain Technology & Info Mgmt · 12.5 pts |
This subject is aimed at introducing the existing and emerging technologies used in supply chains as well as the role of information in supply chain relationships. The aim of this subject is to introduce the core functionalities and applications of key supply chain technologies in end-to-end supply chains and will include technologies such as Internet of Things and Artificial Intelligence among others. Key topics on information management in supply chains include the role of information in managing and coordinating a supply chain, information sharing (including its rationales, key challenges, and enablers), as well as established and new information systems. Emphases will be given to how data/information can be used to support supply chain decision making in various areas, including risk management, inventory management, and supply chain social responsibility. |
| Manufacturing & Service SCM Design · 12.5 pts |
This subject investigates the core elements of manufacturing and service supply chain design, focusing on topics such as: design of capacity, technology management, facility location optimisation, coordination and the achievement of quality, flexibility and cost management. The subject will include treatment of the trade-offs and synergies between performance outcomes of cost, quality, delivery performance, flexibility and innovativeness, and the sustainability of supply chain design choices. The subject will further outline differences of service supply chains from product-based supply chains; emphasize understanding of how supply chains interact with people for delivery of services and different approaches for incorporating people, process, and technology; analyse industry-specific service supply chains; discuss innovations in service supply chains; and present emerging and futuristic trends in service supply chains. It will cover the advanced technology choices associated with supply chain network design, and the international location and sourcing decisions, of offshoring and reshoring. Current opportunities of undertaking innovations in supply chain choices will be examined and evaluated. |
Compulsory
Students must complete the following subject in their final semester of study:
| Accordion | |
|---|---|
| Sustainability Mgmt in Supply Chains · 12.5 pts |
This subject is aimed at introducing the fundamentals of sustainability practices, frameworks and standards in end-to-end supply chains. The foundation of this subject is based on four pillars that start from an introduction to sustainability-related performance measures in supply chains. The subject then moves on into discussing frameworks for identifying, assessing and managing sustainability-related supply chain risks. The major sustainability standards for businesses and their supply chains are introduced and discussed. Furthermore, the nature of closed loop supply chains and circular economies to achieve sustainable operations in supply chains are examined and debated. |
Selection group
Students must complete ONE the following subjects:
| Accordion | |
|---|---|
| Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an Australian setting. Working in small teams, students will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities constraints and recommendations of the exercise. Students will learn to: work with unstructured and incomplete information in Australian business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Global Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an international setting. Students will be assigned in small groups to research a business problem in an international context. Working in teams, they will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities, constraints and recommendations of the exercise. Students will learn to work with unstructured and incomplete information in international business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Analytics Management in Supply Chains · 12.5 pts |
This subject is focused on decision making relevant to supply chain management. Key topics on supply chain management side include: network design, economic order quantity, news-vendor models, pricing and revenue management, and incentive conflicts and coordination using contracts. These topics will be discussed through the adoption of descriptive, predictive and prescriptive analytics. |
| Supply Chain Strategising · 12.5 pts |
This subject focuses on an integrative approach to analysing significant supply chain strategies that organisations pursue. Using the make or buy (also known as outsourcing or insourcing) decision as a key supply chain strategy, the critical tangible and intangible factors will be analysed to form integrated frameworks for decision making purposes. Tangible factors consist of financial data and supply chain contracts, while intangible factors include risk of opportunistic behaviour, contract coordination, revenue and risk sharing, nature of resource/capability contributions, and extent of misaligned interests between supply chain partners. Key theories and case studies will be used to illustrate the significance of these factors. Examples of analytical frameworks include matrix, flowchart, or questionnaire. It will also cover designing innovative supply chain contracts and financial instruments to improve performance, coordinate costs and product availability. The importance of applying a structured and consistent approach to strategic supply chain analysis will be emphasised. |
Compulsory
Students must complete the following subject as well as ONE subject from the Selective group:
| Accordion | |
|---|---|
| Management & Marketing Special Topics 1 · 12.5 pts |
This subject is aimed at students undertaking graduate research programs. The overall aim is to provide the students an opportunity to broaden and deepen their understanding of core theoretical concepts within their discipline. This subject consists of a set program of weekly seminars on topics from the discipline within which candidate’s thesis is undertaken or an approved reading course under the direction of academic member (s) of staff within the department. |
Selective group
Students must complete ONE of the following subjects:
| Accordion | |
|---|---|
| Advanced Management Theory · 12.5 pts |
This subject critically and systematically examines a range of important theories in the management field. The basic elements of these theories will be discussed. Ways in which these theories are invoked and operationalised in empirical and conceptual studies will also be discussed. Some of the theories that will be covered include agency theory, resource-based view, transaction cost economics, resource dependence theory, innovation theory, entrepreneurship critical management theory and institutional theory. A strong emphasis will be placed on linking these theories to the various research topics in management. |
| Advanced Marketing Management · 12.5 pts |
The subject provides students with an advanced understanding of some fundamental and influential theories in marketing strategy and marketing management. Theories include market social exchange, transaction costs, social network, relationship marketing, resource based view, dynamic capabilities, value co-creation, corporate social responsibility and stakeholder theory. |
| Advanced International Business · 12.5 pts |
The rise of multinational enterprises and cross-border transactions represent an exciting challenge to traditional management theories, as these phenomena raise questions about the universality of concepts typically formulated to explain domestic (or Western) behaviour. International business scholars seek to explore, examine and explain the key defining elements of international business – location, development and transfer of competitive advantages, managing at a distance, governance decisions, and cross-cultural issues. This subject covers advanced themes and issues in the theory and practice of international business. Drawing on rich and varied theoretical traditions, contemporary quantitative and qualitative research, students will progress through a variety of process, content and contextual considerations to build an advanced perspective on the international business discipline. |
| Advanced Human Resource Management · 12.5 pts |
We begin by evaluating a range of theoretical perspectives on people, work, and employment. The emphasis will be on understanding and applying different conceptual perspectives to human resource management. The disciplinary foundations for the body of research reflected in this course are psychology, social-psychology and sociology, industrial relations, and management. We will review classics and contemporaries, theories and empirics, and interesting contradictions and consistencies to understand the impact of HR activities on employees and organisations. The course seeks to develop a thorough understanding of the ontological (the “what” of the topic) and epistemological (the “how we research”) foundations of the topics covered. Note, however, our coverage of research methods will be driven by the topic rather than vice-versa. As such, students will explore and critique frameworks, theories, methodologies, and conclusions from prior research, and develop their own perspectives on the topics. |
| Advanced Operations Management · 12.5 pts |
This subject examines state of the art thinking on the productive processes within organisations. The subject will provide an in-depth understanding of topics such as: the strategic importance of operations; planning and controlling the use of resources; ensuring quality of products and services; human issues involved in operations. The subject also considers the evolving context of operations management, with particular focus on globalisation, supply chain innovation, virtual and e-operations, agile/lean operations and mass customisation. This subject delves deeper into the quantitative tools available to managers for getting the most from the operations system. |
| Advanced Strategic Management · 12.5 pts |
This subject examines advanced themes and issues in the theory and practice of strategic management. Embedded in the critical examination of competitive advantage as derived from sources internal and external to the firm, this subject is designed to provide students with an appreciation of strategic management as a value-added approach to conceptualising the firm and its environment in pursuit of optimum rewards. Drawing on rich and varied theoretical traditions, contemporary research and case study analysis, students will progress through a variety of process, content and contextual considerations to secure an advanced perspective of the strategic management discipline. Broad topics include strategic change, strategy formation and implementation; business, corporate and network level strategies and examination of industry, organisational and international contexts. Within these broader topics such issues as innovation and dynamic capability theory will be investigated. |
| Advanced Consumer Behaviour · 12.5 pts |
This subject is designed to provide a strong foundation in theories and research in the area of consumer behaviour. This will involve an examination and understanding of various topics in social sciences such as cognitive psychology, social psychology etc. and the application of these to understand consumer behaviours. We will cover various topics such as consumer processing of market information, how information is incorporated into decision-making, factors influencing decision-making, and major methodologies available for investigating consumer behaviours. |
Students must complete TWO of the following subjects:
| Accordion | |
|---|---|
| Sustainability Reporting & Management · 12.5 pts |
Diverse stakeholders are increasingly demanding information about the broader social and environmental dimensions of organizational performance. Incorporating this information into decision-making is complex because it tends to be non-financial in nature and traditional models tend to focus on financial information. This course will investigate issues associated with production, reporting, and use of sustainability related information for decision-making. At a broader level, the course will help students to develop their critical thinking and analytical skills to help them apply their knowledge to settings where extant models do not fit well. |
| Fundamentals in Accounting · 12.5 pts |
This subject focuses on the nature of accounting from the perspective of the users of financial reports. In this subject, students will learn how to analyse and interpret financial information prepared by diverse businesses, both profit and not-for-profit. A key theme in the subject is to understand the relevance of accounting information for the decisions typically made by diverse stakeholders including financial analysts, bankers and shareholders as well as the strategic and operational decisions made by managers within the different businesses. This subject is designed to meet the needs of students from all disciplines, who seek to become more informed users of accounting information but who do not intend to pursue further studies in accounting. |
| Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an Australian setting. Working in small teams, students will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities constraints and recommendations of the exercise. Students will learn to: work with unstructured and incomplete information in Australian business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Global Business Practicum · 12.5 pts |
This subject provides an insight into the complexities and challenges of making business decisions in an international setting. Students will be assigned in small groups to research a business problem in an international context. Working in teams, they will conduct research, analyse, evaluate and propose practical solutions to an assigned business planning or business development exercise. This will be supported by online modules and seminar work equipping the students with knowledge of approaches, tools and techniques for completing the task and an understanding of report formats appropriate for conveying the results. During the practicum, in-depth research will be undertaken in identifying the scope, opportunities, constraints and recommendations of the exercise. Students will learn to work with unstructured and incomplete information in international business settings, to develop research and networks to support their enquiry, to work successfully in teams, to present their findings and seek and receive constructive feedback in a range of settings. Students will also be encouraged to plan, reflect and modify their approaches to improve the outcomes of their efforts in managing the business project. |
| Business and Economics Internship · 12.5 pts |
This subject involves the completion of a professional work placement (internship) either: off campus at an approved host organisation in Australia or overseas OR on campus at the 'WorkHub' Integrating academic learning in business & economics areas of study, students will gain an improved knowledge of employability skills, workplace culture, and career pathways. Students will be required to undertake pre-placement online modules designed to equip students with employability skills and techniques for creative problem solving, as well as learning tasks throughout the placement period. The placement will draw on students' specific discipline skills associated with the specialisation of their degree. Internships may be paid, or unpaid provided they comply with the Fair Work Act. This subject is intended to provide students with the opportunity to apply their business knowledge in an industry setting under the joint supervision of an industry and an academic mentor. Students can either apply for a University-sourced internship or apply to have a self-sourced internship approved for credit. Applications should be submitted by the due dates published on the MBS website. Selection into this subject is based on suitability of the placement, and demonstrated motivation to benefit from the program, and timely submission of the application. The on-campus 'WorkHub' provides a modern collaborative and supportive office environment for students to complete internship tasks in groups, and connect with industry professionals both on-campus, virtually, and at the host organisation. Students will either enrol in the off campus or on campus availability following selection. The subject coordinator will have final approval of all selected students. Enrolment will be capped and subject to meeting the relevant academic program requirements and availability of appropriate internship opportunities. |
| Building Entrepreneurial Ventures · 12.5 pts |
The purpose of this subject is to study and practice topics on developing an entrepreneurial venture from an idea through to its first ‘minimum viable product’ in the market, and first customer. The subject closely examines how entrepreneurial ventures are established; the building of attributes and skills of successful entrepreneurs; how product-market fit is established through business models; development of financial models in entrepreneurial ventures; how and with what outcomes meso-level interfacing between the entrepreneur and market incumbents exists; and deployment of a value-adding product in the market. This subject presents some of the key frameworks and tools needed by entrepreneurs and is for anyone who has an interest in understanding entrepreneurship as either potential founders, those looking to intrapreneurship in large organisations, or those looking to work with entrepreneurs in one way or another. The subject uses a combination of theory building and key entrepreneurial model exploration and intensive ‘bootcamp’ approach, similar to entrepreneurial bootcamps in practice, to build knowledge and skills in the area, recognising that these are transferable and useful to many students will either start or work for non-traditional organisations. |
| Environmental Economics and Strategy · 12.5 pts |
The subject provides an understanding of the economic analysis of market and government decisions affecting the environment. Topics include economic principles used in analysing private sector decisions on resource use and preservation, externalities and public goods reasons for government intervention, the theory and practice of benefit cost analysis, case study illustrations to water, forests, greenhouse gases and biodiversity. |
| Creating Innovative Professionals · 12.5 pts |
This subject aims to give you theoretical frameworks, practical insights, and preliminary skills to work in your chosen profession in contexts where determining what problem to work on is an important complement to knowing how to solve that problem. You will develop these understandings, insights and skills by working on two projects. In the first, they will work in multi-disciplinary teams on a strategically-important innovation challenge sponsored by an industry organisation. Through that project, you will learn the “what and how” of delivering innovation-like projects – understanding the relationship between your challenge and the organisation’s strategy; designing, securing, and conducting interviews; analysing qualitative data to generate insights; ideation and creativity techniques to create value; stakeholder management; working in an intense team on an ambiguous problem; visual and oral communication. In the second, you will develop the ability to apply to the same concepts to yourself – How will you know what you want and need? How will you know if you need to change? How will you innovate yourself as your interests, needs, and work world shift? We aim for you and your team to own your project and your learning. Creating Innovative Professionals (CIP) and its companion subject, Creating Innovative Engineering ENGR90034 (CIE), are delivered by the University's Innovation Practice Program. To learn more about the Program, including the range of organizations that have participated as sponsors, examples of past projects and to hear students talk about their experiences in taking CIE/CIP, please go to the Innovation Practice Program’s website. All project sponsors will require students to maintain the confidentiality of their proprietary information. The University will require all students (except those working on projects sponsored by the University itself) to assign any Intellectual Property they create (other than Copyright in their Assessment Materials) to the sponsor of their project. |
| Sustainable Investment · 12.5 pts |
Sustainability is an increasingly important consideration in the finance sector. This subject will examine how Environmental, Social and Governance (ESG) risks, including climate change and human rights, can be integrated into investment decisions and ongoing management. Topics will include: how investors vote and actively engage with investee companies to ensure long-term value creation, ethical investing, social activist divestment campaigns and financial market innovations to address sustainability objectives. This subject will also outline why, how and where investment is used to intentionally drive social and environmental impact in alignment with the UN Sustainable Development Goals. Topics will include: a practical overview of best practice in strategically managing impact, embedding impact considerations into all elements of fund management, and how various elements of global and national financial systems help and hinder the flow of capital to impact. |
| Managing in Asia · 12.5 pts |
This subject will explain and conceptualise the nature of Asian management and business practices from economic, cultural and institutional perspectives. The emphasis of the subject is on the application of contextual knowledge about international business theory as tailored to the Asia Pacific, to analyse and make decisions faced by companies operating or expanding in the Asia Pacific region. Students will be required to apply the knowledge and skills learnt to solve various business issues in Asian business environment. |
| Managing Stakeholders · 12.5 pts |
The demand for business-focused HR means that HR practitioners need the ability to work in partnership with stakeholders from diverse areas of the business. This capacity is essential to improving the implementation of HR strategies, initiatives and plans, to build business support for HR and to ensure that HR is integrated with other business activities and functions. This subject focuses on developing business partnership competencies for HR people and will cover consulting and influencing skills, relationship-building, organisational politics, group processes and project management. |
| Diversity, Equity and Inclusion · 12.5 pts |
Diversity, Equity and Inclusion continues to be a critical topic for managing people and organizations and for society more broadly. This subject offers a contemporary and critical perspective on how organizations can approach diversity, equity and inclusion to maximize the benefits for themselves, as well as employees and external stakeholders. Students will be introduced to frameworks that can be used to analyse, plan and evaluate DEI strategies and interventions and apply these to real-world organizational examples. In addition, the subject offers opportunities to learn more about specific DEI groups and topics, and how organizations can attract and retain diverse talent and foster an inclusive working environment. This will include discussion of gender, work and family, race and ethnicity, disability, age and other issues of current interest. |
| Leadership and Team Dynamics · 12.5 pts |
As organisations have gradually shifted towards using more team-based work structures, one of the main challenges in the modern workplace is how to effectively lead and manage teams. This subject deals with this challenge by focusing on understanding the principles of leadership in organisations and the fundamentals of team structure of team processes. Topics considered include: the structure of teams within organisations; differences in team members; managing interpersonal dynamics in teams; theories of leadership; the role of managers as organisational leaders; human resource and organisational factors that impact leading teams effectively. |
| Human Resource Fundamentals · 12.5 pts |
Students in this subject examine the key policies and practices of HR, including the attraction and retention of employees, developing, evaluating and rewarding performance. We evaluate the impact of HR policies and practices from the perspective of workplace stakeholders, including employees, unions, management and organisations. |
| People and Change · 12.5 pts |
This subject examines individual and collective human behaviour in and around issues of organisational change. The subject will cover a broad theoretical basis that assists in understanding how change at the employee, group and strategic levels affects individuals. Both the planned approach and emergent approach to change management will be considered. Topics to be covered include: drivers of change, the role of internal and external change agents, tools for successful change management, and the implementation and consequences of specific change initiatives. |
| Supply Chain Management · 12.5 pts |
This subject is aimed at developing an advanced understanding of the principles, concepts and approaches employed in the management of supply chains between industrial, commercial, and governmental organisations. It includes the management of materials and information in trading partner relationships. It also includes cost-savings, time-to-market, new product development, and consideration of supply chain management in these and other strategic contexts. Strategic issues relevant to the management of supply chains are covered. These include management of trading partner relationships, use of information technology, configuration of logistics networks and managing international supply chains. |
| International Human Resource Management · 12.5 pts |
This subject will examine the challenge of managing a global workforce in an international setting. The relationships between the external environment, organisational factors, and international HRM strategies and practices will be studied from both a theoretical and empirical perspective. The key issues considered will be cultural diversity in global business; international recruitment and selection; international performance management; training and development for global workforces; international compensation and international comparison of labour relations. |
| Managing Innovation · 12.5 pts |
The purpose of this subject is to examine the topics of Managing Innovation in the context of large and small organisations. Innovation is ultimately the lifeblood of organisations, in that it is concerned with the capability to effectively introduce new products and services, new or substantively improved processes or other major initiatives into existing and new organisations. Topics include innovation capability, new product/process technology introduction, and innovation culture and innovation measures The subject addresses the process of innovation exploitation and exploration and the role ambidextrous organisational designs and dynamic organisational capabilities play in this process. The subject will examine the emerging importance of open innovation in the co-evolution of market and customer value and the use of crowd and expert sourcing in this process. Key elements addressed that are part of successful innovation companies are vision and strategy innovation, creativity and idea management, culture and climate, management of technology, organisational structures, intelligence and systems. Firms that have successfully and systematically created such capabilities will be used as case studies. |
| Project Management · 12.5 pts |
The use of project management techniques has risen sharply. Examples of projects include research and development studies, reorganisation efforts, implementation of change programs, installation of a new piece of equipment, advertising campaigns, construction, organising special events and other one-off endeavours. The subject will cover the key drivers of project success, training and leadership in project environments. Project selection is the first critical set of decisions. Matching of the projects selected to the organisation’s strategy is taken as the starting point. Practical tools and techniques will then be introduced to manage the project or special event for success. The subject will also involve the use of an appropriate Project Management software package such as MS Project. |
| Operations and Process Management · 12.5 pts |
This subject examines the engine of every organisation: its productive processes. These are the systems, processes and activities that convert the organisation's inputs into its outputs. Whether manufacturing of goods or provision of services, the principles and techniques of Operations Management can assist an organisation to achieve effective outcomes in terms of cost, quality, delivery, service levels, flexibility and innovation. This subject is integrative in nature, drawing upon concepts originally developed in other areas. The traditional topics such as: assessing the strategic importance of operations; planning and controlling the use of resources; ensuring quality of products and services; and various human issues involved in operations are examined from a contemporary perspective that involves complex phenomena such as globalisation, supply chains, virtual and e-operations, agile/lean operations and mass customisation. Quantitative approaches are often useful in leading us toward possible solutions and so these are introduced where appropriate. However, in many situations, it is sufficient to descriptively understand the critical issues and major trade-offs involved. Finally, links with other areas of decisions and organisational functions are considered as they are critical to getting the most from the operations system. |
| Conflict and Negotiation · 12.5 pts |
Conflict between individual and groups is an inevitable aspect of day to day life. This subject will review the nature of conflict in the workplace and the conflict management strategies of influencing and negotiation. Students will be given the opportunity to apply negotiation techniques to case studies and in simulations. |
| Global Corporate Governance · 12.5 pts |
Firms face complex problems of governance and increasing scrutiny. The course will explain the function and features of corporate governance and key corporate governance theories. It will analyse the roles of board members and why good corporate governance practices are important for businesses. In particular, the course will discuss the implications of board membership composition for firms; why independent directors on boards are crucial; how committees are structured; the distinctive function of a CEO and Chairman, among others. It will also highlight corporate governance in an era of 'social responsibility'. |
| Management Competencies · 12.5 pts |
This subject will give you an opportunity to assess and develop your general management knowledge and skills. We will focus on practical concepts and frameworks , and experiential learning interventions, to enhance your capacity for communication and decision making, for engaging and motivating individuals and teams, and for effectively dealing with conflict and change. |
| Consulting Principles and Practice · 12.5 pts |
This subject will critically explore the purpose and value of management consulting as a profession. By examining the entire consulting engagement cycle, dynamics of client-consultant relationships, and consulting business models, students will develop essential soft and technical skills to diagnose, analyse and solve complex organisational problems. Through close scrutiny of actual consulting work, and practitioners’ experience with real-world challenges, this subject examines current practices and explores how these practices are evolving as a result of institutional and technological changes. The subject also requires students to distil and contemplate professional principles that can ensure integrity, accountability, and positive societal and economic impact of management consulting. |
| Social Entrepreneurship · 12.5 pts |
Social entrepreneurs are individuals who establish an enterprise with the goal of solving complex social or environmental problems, including poverty, access to health, homelessness, climate change and food waste. They have been credited with success in disrupting the traditional forms and purpose of business and charity by creating innovative social enterprises that meld the best features of business and the non-profit sector. This subject seeks to equip students with a critical understanding of the social enterprise form and support them in developing a startup social enterprise with the purpose of solving a social and/or environmental problem. Designed and delivered with input from leaders in the social enterprise sector, the subject features lectures and workshops on social enterprise design, business modelling, pitching, social finance and measurement, as well as addressing the difficulties and dark side of social enterprise. In the subject students will develop an idea for a startup social enterprise and develop a business plan which they will pitch to a Shark Tank panel of experts. Prizes will be awarded to the best ideas to help develop these solutions into successful social enterprises. |
| People and Capability · 12.5 pts |
An organization's capacity to achieve a competitive advantage through human resources begins with successful staffing. This subject evaluates the decision to “make” (train) or “buy” (recruit and select) employees for the organisation. We examine the strategic implications of staffing the organisation and then, using both theory and empirical research to assess the role and impact of recruitment, selection and training. Topics in the “buy” section of this subject include determining recruiting needs, identifying selection criteria, internal and external sourcing, evaluating recruiting effectiveness, interviewing and selection procedures and the application process. Topics in the “make” section of this subject identifying training needs, learning styles, planning the delivery of training and how to assess the effectiveness of training. |
| Entrepreneurial Practice · 12.5 pts |
This subject introduces entrepreneurship as a key driver of success in all organisations, ranging from start-ups to large, mature organisations and in both public and private settings. A strong practical focus will be taken. Students will learn from benchmarked companies and visiting speakers with entrepreneurial backgrounds about the key dilemmas encountered in the entrepreneurial process and the solutions that they can put into practice. A significant part of the course is designed around hands-on experience in an ‘incubator’ environment, where ideas are generated and refined through collaboration and iteration between all participants. Students are expected to demonstrate entrepreneurial skills and use these to take their own innovation (a solution to a real world problem) to the pre-implementation stage. Through these practical instances, students are expected to develop a broader theoretical understanding of the critical elements of entrepreneurship, including the entrepreneurial mindset, capabilities and processes, skills that range from financial acumen, through to marketing, production and scale-up, often requiring novel solutions to these matters, under conditions of high uncertainty. Frameworks will be introduced that address the whole process that cover activities from the development and selection of ideas (invention), testing their efficacy and the business planning involved to exploit those ideas (entrepreneurship). The subject will also examine how entrepreneurs can shape their organisations so that they continuously build and commercialize valuable innovations. Many of the examples will focus on how established organisations can become more innovative and entrepreneurial. |
| Leading for Strategic Advantage · 12.5 pts |
This subject is intended to provide students who do not have a business background with grounding in the field of strategy. It will expose them to key themes, issues and theories of strategy, with a particular focus on the role of leadership in developing and implementing strategy for business success. There will be a strong emphasis on using theoretical knowledge to solve practical problems, which will be achieved through the use of case studies and discussion of contemporary business problems. Students who complete the subject should have a sound theoretical and applied understanding of the role of strategic leadership in business success. Topics covered will include: the role of strategy in business performance; the impact of environments on strategy; the role of leadership in strategy formulation and implementation; working with multiple stakeholders; strategic decision making; and leadership in corporate social responsibility. |
| Sustainable Business Practices · 12.5 pts |
This subject addresses the sustainability related challenges confronting business organisations, and how these can be overcome. Many organisations find it difficult to balance short and long-term objectives relating to economic, social and environmental outcomes. The subject addresses the complexity and multi-faceted nature of social and environmental issues and why they present significant challenges to organisations. Principles of sustainability will be discussed with reference to concepts such as corporate social responsibility, corporate political responsibility, triple bottom line thinking and creating shared value. It will then review how organisations respond to these challenges, both negatively and positively, and why they respond in these ways, including strategic, ethical and critical perspectives. The subject then addresses approaches that increase organisations’ capability for continuous renewal and long-term success, whilst also promoting social and environmental benefits. This will be done through a focus on topics such as managerial competencies and organisational capabilities for sustainability, stakeholder management, industry and transnational guidelines for sustainability, national regulation and self-regulation, and an integrated supply chain perspective. |
| Entrepreneurial Organisation · 12.5 pts |
This subject focuses on the design, structure, and processes for creating and managing an entrepreneurial enterprise both operationally and strategically. A key consideration will be the role of leaders and the challenges these leaders need to overcome over the phases in the life of the enterprise, through launch, growth and maturity. An understanding of the alignment of human resources, people and talent, leadership, culture and operational practices to match strategic goals as the entrepreneurial enterprise responds to the changing internal and external challenges is pivotal to the success of any entrepreneurial endeavour and will be a key focus of this subject. Furthermore, the subject will discuss new ways of organising that facilitate entrepreneurial outcomes, like, for example, the holacracy model, platform-based ecosystems, and the Rendanheyi model. |
| Analytics Management in Supply Chains · 12.5 pts |
This subject is focused on decision making relevant to supply chain management. Key topics on supply chain management side include: network design, economic order quantity, news-vendor models, pricing and revenue management, and incentive conflicts and coordination using contracts. These topics will be discussed through the adoption of descriptive, predictive and prescriptive analytics. |
| Supply Chain Strategising · 12.5 pts |
This subject focuses on an integrative approach to analysing significant supply chain strategies that organisations pursue. Using the make or buy (also known as outsourcing or insourcing) decision as a key supply chain strategy, the critical tangible and intangible factors will be analysed to form integrated frameworks for decision making purposes. Tangible factors consist of financial data and supply chain contracts, while intangible factors include risk of opportunistic behaviour, contract coordination, revenue and risk sharing, nature of resource/capability contributions, and extent of misaligned interests between supply chain partners. Key theories and case studies will be used to illustrate the significance of these factors. Examples of analytical frameworks include matrix, flowchart, or questionnaire. It will also cover designing innovative supply chain contracts and financial instruments to improve performance, coordinate costs and product availability. The importance of applying a structured and consistent approach to strategic supply chain analysis will be emphasised. |
| New Product Development · 12.5 pts |
New Product development is an important source of growth and profitability as existing markets become price competitive and saturated. However, the process of new product development is fraught with risk. In this course we study the process of managing products and how companies can manage their introduction and elimination from the product portfolio. We review how these decisions are made within the context of profit seeking and not-for-profit organizations. We then review the implication of these decisions for performance. |
| Marketing Management · 12.5 pts |
This subject provides an introduction to the basic concepts, principles and activities of marketing and how to manage an organisation's marketing effort. Some of the principal topics include value-based marketing, market research, selecting target markets, product and brand management, marketing communications (advertising and promotions, as well as personal selling), management of distribution channels, pricing decisions and marketing ethics. Students are also introduced to the nature of buyer behaviour, including decision-making patterns, purchase behaviours, and customer satisfaction. |
| Marketing, Society and Sustainability · 12.5 pts |
This subject explores the role of marketing and consumption in a world facing significant social and environmental challenges. What is the role of marketing and marketers in climate change, digital privacy, or the obesity crisis? Does marketing actually improve consumers’ wellbeing? Many ‘ethical’ consumers now integrate their concern for society and the environment into their purchasing decisions. And many ‘ethical’ brands now promote their social and/or environmental credentials. So, can we market and consume our way out of these crises? This subject will address the criticisms of marketing’s role in sustainability issues, and then equip students with the strategic and ethical direction to respond proactively to the opportunities these challenges provide. |
| Business Risk Management · 12.5 pts |
Risk management is a key business activity that impacts the full range of organisational activities and functional areas across the enterprise. This subject surveys a spectrum of business risks from operational to strategic risks. It provides a foundation in enterprise risk management principles, tools and techniques such as risk scenario planning. |
| Artificial Intelligence in Organisations · 12.5 pts |
The expectations on contemporary managers to make agile decisions in complex digitised environments are increasing. This subject focuses on the development of managerial capabilities to engage appropriate decision-making models and employ new-generation analytic tools that best-fit the scenario as it unfolds. This subject provides both conceptual frameworks and practical illustrations of quantitative decision-making techniques including decision trees and optimisation to tackle business problems. Students will be shown how to use these quantitative approaches to analyse business problems and, based on these analyses, make effective decisions. These frameworks can be applied to various decisions faced by organisations, with applications in different areas such as operations, marketing, financial and nursing management. Managers must also decide if and how to employ Artificial Intelligence (AI) within their workplace to create value for the organisation. This subject explores the function, advantages and limitations of AI and machine learning, and how these tools can optimise decision making in complex environments. The subject focuses on: (1) the foundations of AI—inputs, processes, and outputs; (2) AI in action in various contexts to evaluate the opportunities and challenges; and (3) the critical analysis of AI to illustrate contrasting scenarios in which the adoption of AI creates value and destroys value for the organisation. |