Business Futures

UTS

Course Description

  • Course Name

    Business Futures

  • Host University

    UTS

  • Location

    Sydney, Australia

  • Area of Study

    Business Administration, Business Management, International Business, International Management

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Description
    This subject is designed to give students a broad overview of the complexity of the global business environment. Students gain an understanding of how changes in the context of the business environment affect strategic decision making and managerial processes. Understanding business and management in context engages students to appreciate the interrelationships between the economical, environmental, social, technological, political, legal and regulatory frameworks and how these influence the organisational capability to innovate and compete successfully in the future. Students are encouraged to explore the business context of wicked problems and contemporary business challenges, ethical dilemmas and sustainability issues in different industry settings.
    Subject objectives
    Upon successful completion of this subject students should be able to:
    1. explain the connections between and impacts on strategic management and innovation processes of social, technological, economic and environmental changes
    2. discuss the relationship between international, national or regional institutions and systems and their impacts on business practices
    3. contrast key dimensions of major economic systems and their relationship to government policy and the business regulatory environment
    4. develop managerial capabilities in preparing and making business decisions and differing business practices in a challenging business context
    This subject also contributes specifically to the following program learning objectives:
    Demonstrate inter-relationships between differing business disciplines (1.2)
    Apply critical and creative thinking to address issues in business (2.3)
    Demonstrate an awareness of conflicting ethical demands of various stakeholders within business and related professional environments (4.1)
    Evaluate business responses to ethical issues and dilemmas (4.2)
    Critically analyse the core professional obligations, values and operations of organisations, including sustainability (4.3)
    Contribution to the development of graduate attributes
    This subject builds on the students? knowledge of the external business environment. It provides an opportunity to further develop and deepen the understanding of contemporary issues and how they affect business decision-making and the ability to innovate. Students develop analytical thinking, critical thinking, and problem-based learning skills for addressing wicked problems and industry issues in complex and dynamic business settings.
    Content
    Wicked problems and complexity
    Strategic uncertainty
    Globalisation and global business
    International trade
    Industry analysis
    Scenario planning
    Sustainable business development
    Workplaces of the future
    Business environments of the future
    Strategic innovation
    Socially responsible business
    Assessment
    Assessment task 1: Report (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2 and 3
    This addresses program learning objectives(s):
    1.2, 2.3, 4.1, 4.2 and 4.3
    Weight: 40%
    Assessment task 2: Research project (Group)
    Objective(s):
    This addresses subject learning objective(s):
    1 and 4
    Weight: 30%
    Assessment task 3: Final Exam (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3 and 4
    Weight: 30%
    Minimum requirements
    Students must achieve at least 50% of the subject?s total marks.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.