units

MGX5010

Faculty of Business and Economics

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Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelPostgraduate
FacultyFaculty of Business and Economics
OfferedNot offered in 2010

Synopsis

Firms are no longer able to sustain competitive advantage on the basis of manufacturing and resource processing capabilities but are moving towards a global knowledge economy. While standard strategy constructs still form important foundations for effective managerial decision making, recourse to contemporary lines of reasoning and analytical methods are likely to deliver better outcomes. This unit ties together the general discussions around strategy in a turbulent environment by coupling some of the observations that come from adopting a game-theoretic perspective in reasoning with the analytical methods and modelling techniques from complexity theory and agent-based simulations.

Objectives

The learning goals associated with this unit are to:

  • provide an overview of the primary roles and responsibilities of a general manager in formulating and implementing business strategies in a dynamic environment
  • to gain an appreciation of the fundamental issues involved with integrating and coordinating the activities of different functional areas, such as marketing, manufacturing, R and D, accounting, human resource management and finance
  • to introduce the frameworks and tools commonly used in developing and assessing business strategies, in particular through the lens of game theory
  • to develop the decision making skills from the perspective of top management.

Assessment

Within semester assessment: 100%

Contact hours

3 hours per week

Prerequisites

MGX9761