MGMT20133 – Strategic Business Management

MGMT20133 – Strategic Business ManagementAssessment Tasks1 Practical and Written AssessmentAssessment Title Practical and Written AssessmentTask DescriptionAssignment 1: Due week 430% weighting of overall grade1000 words maximumAssessment format and descriptionTeam Roles -The simulation program requires you to form teams and assign roles to team members. A role must bespecified for each team member. This assessment is a short report assigning roles, role description. This team is yourfirm and its employees. If you are doing this assignment individually you need to assume you are the firm and all theroles.Your specified role involves interdependence within the team. As aspiring business managers your function after eachsimulation round is to reflect upon and critique decisions that your team has made. This first assessment will require youto negotiate and assign roles as a group and submit a document based on your process and choices. Your choice of roleis to be specified from a selection elaborated in the course assessment block.it is important that you discuss, document and design tasks that include the following:meeting attendancelevels of contribution per meeting/taskdecision making process and governanceactions to be taken by whomstandard of work completed by each memberMission and vision of your firm and organisational hierarchy.The assignment marking criteria and rubric can be found on Moodle in the assessment blockAssessment Due Date Week 4 Friday (05-Aug-2016) 05:00 PM AESTReturn Date to Students Week 6 Friday (26-Aug-2016)Weighting 30%1.2.3.4.Assessment CriteriaThe assessment criteria for this task comprise:Role definition (30%)Role responsibilities and minimum expectations for each role (25%)Contingencies (time management, work flow, and commitment to outcomes) (25%)Written communication and referencing standards (20%)The criteria are applied in accordance with the University’s assessment grading requirements which necessarily includethe award of a numerical grade within a range of values specific to the categories of: FAIL, PASS, CREDIT,DISTINCTION, & HIGH DISTINCTION.Referencing Style American Psychological Association (APA)Submission OnlineGroup submissionLearning Outcomes Assessed 1. critically evaluate and discuss theoretical concepts and principles of strategicbusiness management;2. apply the tools and techniques of business thought, analysis, and evaluation tosupport the formulation and implementation of strategy in profit and not-for-profitorganisations;3. compare and contrast key differences in professional and ethical standards,catering for cultural diversity, and environmental sustainablity in strategic businessmanagement;4. evaluate the different levels of strategic business management involvingauthentic case studies and realistic simluations; and5. integrate prior learning, knowledge, and experience through leadership andteamwork processes and demonstrate professional competencies and practicesaligned to other prostgraduate course work.Graduate Attributes 1. Knowledge2. Communication3. Cognitive, technical and creative skills4. Research5. Self-management6. Ethical and Professional Responsibility7. Leadership2 Written AssessmentAssessment Title Assessment 2: Strategic Direction Team ReportTask DescriptionAssignment two is relate to identifying and justifying your strategy for your firm moving forward. Word countmaximum 1500 wordsDeveloping a strategy for your firm is a key part of success in the simulation environment and in real life business1.2.3.4.5.6.operations. Your strategy will serve as your firm’s “roadmap” throughout the simulation. A strategy consists of anintegrated set of choices.Most strategic plans focus on one or two such elements, often leaving large gaps in the overall strategy. Ensure you lookat your strategy as a whole. You are required to consider the following elements in your assignment 2 in anenvironmental scan and analysis of your firm using the tools in the course. You need to complete the following1. analyse your simulation firm2. use at least TWO of analytical tools to further analyse the environment3. identify and summarise the gaps in the firm4. build objectives for your firm and all functional areas5. formulate a strategy for all functional areas and business level strategy6. offer options and then decide on a recommendation for the future ..Be specific and offer .your contingenciesTitle page, executive summary, references , tables, figures and diagrams do not count in your word limitAssessment Due Date Week 8 Friday (09-Sep-2016) 05:00 PM AESTReturn Date to Students Week 10 Friday (23-Sep-2016)Weighting 30%Assessment CriteriaThe assessment criteria for this item comprises of :Assessment of the internal and external market environment (20%) SWOT Porters and other toolsapplication of themes and theories related to and including the use of literature to justify strategic direction andchoice using the strategic diamond (20%)Application and justification of relevant strategic choice and direction for the future (20%)Evaluation of constraints and limits to strategy (20%)Calibre of argument and critical insight to defend or justify the decision (10%)Written communication and referencing standards (10%)The criteria are applied in accordance with the university’s assessment grading requirements which necessarily includethe award of a numerical grade within a range of values specific to the categories of: FAIL, PASS, CREDIT,DISTINCTION, & HIGH DISTINCTION.Referencing Style American Psychological Association (APA)Submission OnlineLearning Outcomes Assessed 1. critically evaluate and discuss theoretical concepts and principles of strategicbusiness management;2. apply the tools and techniques of business thought, analysis, and evaluation tosupport the formulation and implementation of strategy in profit and not-for-profitorganisations;3. compare and contrast key differences in professional and ethical standards,catering for cultural diversity, and environmental sustainablity in strategic businessmanagement;4. evaluate the different levels of strategic business management involvingauthentic case studies and realistic simluations; and5. integrate prior learning, knowledge, and experience through leadership andteamwork processes and demonstrate professional competencies and practicesaligned to other prostgraduate course work.Graduate Attributes 1. Knowledge2. Communication3. Cognitive, technical and creative skills4. Research5. Self-management6. Ethical and Professional Responsibility7. Leadership1.2.3.4.5.6.3 Presentation and Written AssessmentAssessment Title Team Report – presentation to board of directorsTask DescriptionWeighting 40 % of total grade. Due date of presentation in final class session and then submitted copy to moodleAssessment 3 comprises a presentation to the board of directors, a written set of slides and narrativeApproximately 15 minute presentation 15 slides, a narrative of script notes/or recorded presentationThe strategic presentation the entire simulation. A key aspect of each business management decision is evaluation.Marks are awarded based on your team’s ability to discuss, assess, and critique the management decisionsSuccess with Assessment 3 is contingent upon team members interacting at peer-to-peer level, and applying conceptsand theories and principal sources to demonstrate applied strategic thinking from both theoretical and practicalperspectives.You must be prepared to defend your decision based on your best assessment of the circumstances.Careful consideration of concepts and theory covered in the course. Make use of the source materials to succeed insubmitting a concise but coherent team report by the due date.Further details and guidance available in Moodle assessment blockAssessment Due Date Week 11 Friday (30-Sep-2016) 05:00 PM AESTClass presentations will be held from week 11 , online students will submit apresentation onlineReturn Date to Students Exam Week Friday (21-Oct-2016)grades will be awarded with final gradeWeighting 40%Assessment Criteriahe assessment criteria for this item comprise:Interpretation and analysis of problem specific to all rounds(15%)Critique of content; use of literature (15%)Application of relevant strategy ethical standard, concepts, and frameworks (15%)Evaluation of constraints and limits to strategy (20%)Calibre of argument and critical insight to defend or justify the decision (20%)6. Written communication and referencing standards (15%)The criteria are applied in accordance with the university’s assessment grading requirements which necessarily includethe award of a numerical grade within a range of values specific to the categories of: FAIL, PASS, CREDIT,DISTINCTION, & HIGH DISTINCTION.Referencing Style American Psychological Association (APA)Submission OnlineLearning Outcomes Assessed 1. critically evaluate and discuss theoretical concepts and principles of strategicbusiness management;2. apply the tools and techniques of business thought, analysis, and evaluation tosupport the formulation and implementation of strategy in profit and not-for-profitorganisations;3. compare and contrast key differences in professional and ethical standards,catering for cultural diversity, and environmental sustainablity in strategic businessmanagement;4. evaluate the different levels of strategic business management involvingauthentic case studies and realistic simluations; and5. integrate prior learning, knowledge, and experience through leadership andteamwork processes and demonstrate professional competencies and practicesaligned to other prostgraduate course work.Graduate Attributes 1. Knowledge2. Communication3. Cognitive, technical and creative skills4. Research5. Self-management6. Ethical and Professional Responsibility7. Leadership