Delivering Innovation and Other High Risk Strategies
Duration
- One Semester or equivalent
Contact hours
- 36 hours
On-campus unit delivery combines face-to-face and digital learning.
2023 teaching periods
| Hawthorn HB7 HE Block 7 |
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|---|---|---|
Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
Nil
Aims and objectives
This unit is designed to challenge the conventional mindset and frameworks used in the delivery of innovation and high risk strategies within volatile, uncertain, complex and ambiguous (VUCA) environments. Students will explore a range of conceptual theories as well as real examples such as non-human biological systems, asymmetric warfare, geo-politics, medicine, space flight, infrastructure and of course business. While the predominant approach is to focus on failure to explore lessons learned, we will seek to uncover lessons from success. The approach to risk in this unit will be framed from the perspective of exploiting VUCA environments through adaptation to shape the environment for strategic success instead of the predominant focus on what could go wrong.
After successfully completing this unit, you will be able to:
- Critically evaluate and apply high-risk strategies in various organisation types.
- Apply business fundamentals to the analysis, design and operation of high risk strategies for innovation in Australian organisations.
- Reflect on the characteristics of VUCA (volatility, uncertainty, complexity and ambiguity) with Australian business.
- Research an Organisation’s approach to delivering high risk strategies and building a sustainable organisation making recommendations for improvement to a range of stakeholders.
- Communicate proficiently in professional practice to a variety of audiences and function as an effective member or leader of a diverse team.
Unit information in detail
- Teaching methods, assessment, general skills outcomes and content.
Teaching methods
Block Mode:
This unit will be delivered in block or intensive mode. Block mode may consist of blended, intensive and immersive teaching, which can include full day teaching and weekend teaching requirements – as specified in the Unit Outline.
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This unit will be delivered in block or intensive mode. Block mode may consist of blended, intensive and immersive teaching, which can include full day teaching and weekend teaching requirements – as specified in the Unit Outline.
Student workload:
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Assessment
- Assignment 1 (Group) 35-45%
- Assignment 2 (Individual) 35-55%
- Presentation (Group) 10-20%
General skills outcomes
Within this context it is the intent of the unit that students develop the following key generic skills:
• Teamwork skills• Analysis skills
• Problem solving skills
• Communication skills
• Ability to tackle unfamiliar problems
• Ability to work independently
Content
• VUCA (Volatility, Uncertainty, Complexity and Ambiguity)
• Strategic issues in uncertainty management
• Tactical issues at the project level
• Organisational issues
• Change and governance
Study resources
- Text books and references.
Text books
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading
References
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading