Overview
This unit is designed to introduce you to the dynamic interplay of factors that influence the direction and success of contemporary business. You will explore the emerging shift from a linear economy to a circular economy and the facilitating role of entrepreneurship and innovation in successful business transitions. This includes the flow-on effects these have on business strategy, structures, employees, organisational design, and business operations. Business plays a significant role in society and the management skills required for business to be fit for the future rests with each of us. You have a role in this as an agent of positive change.
Details
Pre-requisites or Co-requisites
There are no requisites for this unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 3 - 2024
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of 'pass' in order to pass the unit. If any 'pass/fail' tasks are shown in the table above they must also be completed successfully ('pass' grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the 'assessment task' section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University's Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure - Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure - International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback - Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from SUTE student feedback
The lecturer created a very inclusive environment
Drawing on lived experience of students provides an effective link to discussion of business concepts.
Feedback from SUTE student feedback
Valuable feedback was provided on written work
Significant effort is provided with constructive feedback at three levels: in the submission, through the rubric evaluation, and in developmental comments uploaded through Feedback Studio.
Feedback from SUTE student feedback
Lectures and workshop discussions really connected the content to real-world applications
Applying conceptual frameworks to understand what is being published in business media provides an ongoing opportunity to track and analyse the impact of management decisions on business performance.
Feedback from SUTE student feedback
Teaching strategies were very effective and exceeded the standards I expected.
The great conceptual thinkers in business academia develop their insights from researching business practices. Unpacking the conceptual frameworks in real-world contexts adds great depth to workshop discussions.
- Describe the scope, scale, and contributions of contemporary business
- Critically assess the dynamic influence of entrepreneurial, innovation, and sustainability (EIS) drivers in contemporary business
- Critically assess the the consequential impacts of EIS on business strategy and structure, people, organisational design, and business operations
- Critically evaluate the management skill requirements for successfully leveraging emerging EIS opportunities
- Critically evaluate the influence of leadership in shaping ethical and socially responsible initiatives for a circular economy.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Written Assessment - 10% | |||||
| 2 - Written Assessment - 40% | |||||
| 3 - Reflective Practice Assignment - 50% | |||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Communication | |||||
| 2 - Problem Solving | |||||
| 3 - Critical Thinking | |||||
| 4 - Information Literacy | |||||
| 5 - Team Work | |||||
| 6 - Information Technology Competence | |||||
| 7 - Cross Cultural Competence | |||||
| 8 - Ethical practice | |||||
| 9 - Social Innovation | |||||
| 10 - Aboriginal and Torres Strait Islander Cultures | |||||
Textbooks
Exploring Management
1st Asia-Pacific Edition (2023)
Authors: Schermore, J.R., Bachrach, D.G., Woods, P., Junaid, F., McKeown, T., & Co, M.J.
John Wiley & Sons Australia
Brisbane Brisbane , Queensland , Australia
ISBN: 9781119874935
Additional Textbook Information
The printed textbook is available in multiple formats and options.
- The printed textbook can be bought from CQU Bookshop or directly from Wiley.
- If you prefer an e-text, this can be accessed through Wiley's new e-text collection (check for pricing options)
- If purchasing internationally, please search for the text on wiley.com
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- eReading List
All submissions for this unit must use the referencing style: American Psychological Association 7th Edition (APA 7th edition)
For further information, see the Assessment Tasks.
k.j.moore@cqu.edu.au
Module/Topic
Introduction to contemporary business
- Explore different perspectives on what people see as the purpose of business;
- Gain an understanding of the scope of business; encompassing private, public, and Not-for-Profit;
- Appreciate the scale of businesses by examining micro- to small and medium enterprise, through to Multi-national companies;
- Explain how contribution to society (CSR) extends beyond economic value; and
- Appreciate the complexity of ethics when making business decisions.
Chapter
The required readings each week are provided in the eReading list (access at the top of Moodle).
For Week 1, please access the Week 1 eReading list.
I have provided a Synopsis in the eReading list for Weeks 1-3
Events and Submissions/Topic
Assignment 1 Briefing session provided in the workshop
Refer Moodle for specific Workshop activities.
Explanation of PASS program to support your academic success
Module/Topic
Dynamic contexts
- Appreciate the dynamic contexts that emerge in global markets, and how these might cascade to national and regional economies;
- Understand the application of PESTEL framework to examine trends that can impact business operations;
- Challenge bounded thinking that fails to consider the probability of Black Swan events;
- Consider paradigm shifts that arise from Black Swan disruption; and
- Consider the need for realistic appraisal of organisational capability to become 'future fit'.
Chapter
Refer Synopsis and key papers in the eReading list for Week 2
Events and Submissions/Topic
Academic Learning Centre (ALC) Session will cover analysing assessment task & planning for notes (Check Moodle for access details)
Refer Moodle for specific Workshop activities.
This workshop will also encourage discussion of a practice Learning Log prepared by students on material covered in Week 1
Module/Topic
Entrepreneurial drivers
- Understand the drivers of entrepreneurship in today's economy;
- Appreciate the differences between small business and high-growth enterprises;
- Champion the contribution that intrapreneurs make to established businesses;
- Value the contribution that entrepreneurs make in society;
- Consider the behavioural traits that underpin entrepreneurial & intrapreneurial success; and
- Gain insights into the rigour of business model frameworks used to evaluate, develop and launch new business concepts.
Chapter
Refer Synopsis and key papers in the eReading list for Week 3
Events and Submissions/Topic
Academic Learning Centre (ALC) Session will cover paraphrasing and referencing. (Check Moodle for access details)
Learning Log (Option #1: Covering Workshop Week 2) due Sunday 24 November
Refer Moodle for specific Workshop activities.
Module/Topic
Innovation drivers
- Describe and identify examples of incremental innovation;
- Describe and identify examples of disruptive innovation;
- Appreciate the pervasive momentum of Industry 4.0 and AI initiatives;
- Understand the contribution that design thinking makes to innovation; and
- Review discovery-driven business models and how to manage innovation going forward.
Chapter
Chapter 9 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to key papers in the eReading list for Week 4.
Events and Submissions/Topic
Academic Learning Centre (ALC) Session will cover how to write an essay (intro, body paragraphs, conclusion, editing). (Check Moodle for access details)
Learning Log (Option #2: Covering Workshop Week 3) due 1 December
Assignment 2 Essay Briefing session: (check Moodle for Zoom ID)
Refer Moodle for specific Workshop activities.
Module/Topic
Sustainability drivers
- Discuss the five traits fundamental to the effective progress of circular economic activity;
- Understand the various types of sustainability;
- Consider which UNSDGs businesses might progress through operational change; and
- Appreciate the rigour of the Global Report Initiative and adoption of this reporting by business.
Chapter
Chapter 11 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 5
Events and Submissions/Topic
Refer Moodle for specific Workshop activities.
Learning Log (Option #3: covering Workshop Week 4) due 8 December
Module/Topic
Strategic perspectives
- Understand what shaping a strategy entails;
- Consider the the role of strategy in enacting a business model;
- Understand the intersection of entrepreneurial and strategic action domains;
- Consider strategic positioning to capitalise on changes arising from disruptive innovation; and
- Understand strategic options that entrepreneurs might consider to leverage innovation and manage risk.
Chapter
Chapter 7 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 6
Events and Submissions/Topic
Refer Moodle for specific Workshop activities.
Module/Topic
Structural considerations
- Understand the relationship between strategy and organisational structure;
- Understand the relationship between organisational structure and legal structure; and
- Understand entrepreneurial decisions regarding management of trading risk, intellectual property, and legal structures that facilitate equity investment.
Chapter
Chapter 8 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 7
Events and Submissions/Topic
Refer Moodle for specific Workshop activities.
Module/Topic
No lectures scheduled this week
Chapter
Events and Submissions/Topic
Please take this opportunity to research and start writing a draft of your reflective essay for Assignment 2
Module/Topic
No lectures scheduled this week
Chapter
Events and Submissions/Topic
Please take this opportunity to research and start writing a draft of your reflective essay for Assignment 2
Module/Topic
People perspectives and motivations
- Understand the four functions of management;
- Consider the findings of the Australian Management Capability Index;
- Discover the foundations of motivation research;
- Consider insights on authentic leadership; and
- Discern the differences between emotional intelligence and emotional competence required of authentic leaders.
Chapter
Chapter 2 and 14 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 8
Events and Submissions/Topic
Refer Moodle for specific Workshop activities.
Module/Topic
Managing organisational performance
- Understand how and why managers use the control process;
- Explain the types of controls used by managers; and
- Describe useful control tools and techniques.
Chapter
Chapter 11 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 9
Events and Submissions/Topic
Academic Learning Centre (ALC) Session will cover how to write a business report (structure and formatting). (Check Moodle for access details)
Assignment 2 Essay due Monday 13 January at 5.00 PM
Assignment 3 Business Report Briefing session in the Workshop
Refer Moodle for specific Workshop activities.
Assessment 2: Managerial Perspectives Essay: Restoke.AI Due: Week 9 Monday (13 Jan 2025) 5:00 pm AEST
Module/Topic
Leadership
- Understand the foundations of effective leadership;
- Discuss the insights of contingency leadership theories; and
- Discuss current issues and directions in leadership development.
Chapter
Chapter 12 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 10
Events and Submissions/Topic
Refer Moodle for specific Workshop activities.
Module/Topic
Individuals and teams
- Discuss how perceptions influence individual behaviour
- Contrast how different personalities influence individual behaviour;
- Explain how attitudes, emotions, and moods influence individual behaviour;
- Discuss the importance of teams and the stages in team development; and
- Identify what contributes to team success.
Chapter
Chapter 13 (Sections 13.2 - 13.3) and Chapter 15 in Schermerhorn et al. (2023). Exploring Management. John Wiley Australia.
Refer also to the eReading list for Week 11
Events and Submissions/Topic
Refer Moodle for specific Workshop activities.
Module/Topic
Your role as change agent: Essential skills for the future
- Understand the forces that are shaping future work;
- Identify emerging opportunities and risks that these create;
- Understand that the progress of Industry 4.0 and AI will occur in phases that impact the economy with different timing and effects;
- Consider the forecast position for Australia and the conditions that will influence its adjustment to Industry 4.0 and AI; and
- Consider how this might influence personal career decisions.
Chapter
Refer eReading list for Week 12
Events and Submissions/Topic
Final workshop opportunity to review your draft for Assignment 3 before it is due on Monday 10 February at 5.00PM
Module/Topic
Chapter
Events and Submissions/Topic
1 Written Assessment
Due: Sunday at the end of either week 3-5. Length: 300 words per entry.
For this task, you are required to complete only ONE learning log of the workshop discussion in either Week 3, 4 or 5.
In your own words, the learning log asks you to answer three questions:
- Describe the activity that took place in the workshop this week (100 words).
- Reflect on how the activity relates to your personal experience (100 words).
- Analyse how the activity illustrates a relevant academic concept, and referencing insights from an appropriate peer-reviewed journal paper (100 words)
You are also encouraged to prepare a practice Log for discussion in the Week 2 workshop.
You need to attend the relevant workshop for that learning log to be accepted for assessment. A learning logs submitted for the week that you did not attend class will not receive any marks (unless you are studying the unit online).
More information about this activity and what you should focus on for each of the questions will be available on the Moodle site and discussed in the workshops in the first few weeks of term.
Either Week 3, 4 or 5
Within two weeks of your submission
The learning log will be marked out of 10 using the following criteria:
- Actively participated in the campus or online workshop that the learning log is reflecting on – 2 marks
- Accurately describes the activity that took place in the workshop – 2 marks
- Reflects on the activity, using specific examples from personal experience – 2 marks
- Demonstrates critical analysis by showing how the activity illustrated at least one academic concept – 2 marks
- Uses a relevant peer-reviewed journal paper that discusses that academic concept – 2 marks
Submission Instructions
The learning log should be submitted as a Word document through Turnitin on the Moodle site using the submission link for Assessment 1
- Describe the scope, scale, and contributions of contemporary business
- Critically assess the dynamic influence of entrepreneurial, innovation, and sustainability (EIS) drivers in contemporary business
2 Written Assessment
This 1500-word academic essay requires you to use peer-reviewed academic literature to critically consider the impact of Entrepreneurial, Innovation, and Sustainability (EIS) thinking in business decisions and the management skills that has motivated the owners of Restoke.AI
Your essay must provide an informed argument and develop compelling conclusions on the two stated assessment criteria:
- Critically assess the consequential impacts of entrepreneurial, innovation, and sustainability (EIS) drivers on business strategy and structure, people, organisational design, and business operations; and
- Critically evaluate the management skill requirements for successfully leveraging emerging EIS opportunities.
Before you start writing:
- Do background research on Restoke.AI
- Mind-map principle themes and keywords from your review of at least 6 papers from peer-reviewed academic journals (from the CQU Library)
- Your essay will be marked against a RUBRIC. To understand the standard required before you submit, click on the assignment to see the rubric description for each criterion.
- Review material covered in Weeks 1 to 5 inclusive.
- The eReading List accessed on Moodle provides a briefing on what critical thinking is (Week 1) and the student Guide which elaborates how to write an academic essay.
- Read the example essay that has been uploaded as a resource in Moodle.
- Actively engage with the resources offered by Academic Learning Centre (ALC) available in the ALC companion Moodle site associated with MGMT11109, including workshop sessions. Pay particular attention to the ALC advice on how to write an essay, how to write TEEL structured paragraphs, and how to accurately format references using APA (7th Edition).
For convenience, the unit learning outcomes referred to above follow here:
- Critically assess the consequential impacts of EIS on business strategy and structure, people, organisational design, and business operations
- Critically evaluate the management skill requirements for successfully leveraging emerging EIS opportunities
Assignment re-attempt. This assessment allows for a resubmitted attempt in certain circumstances. If you have achieved between 40–49% of the total marks for this assessment item, you may request the Unit Coordinator to allow you to make a resubmission. You must make this request in writing via email within three calendar days of receiving your marks and feedback for this assessment.
If the Unit Coordinator approves a resubmission attempt, the decision will be conveyed to you in writing via email to your student email address. The notice will include instructions for you on:
·What has to be done by you
·When and how you must resubmit (no later than seven calendar days after the decision approving your resubmission has been emailed to you).
Your resubmission will result in no more than 50% of the allowed marks for this assessment item being awarded in total. That is, if you are allowed a resubmission, you can achieve no more than 50% for this assessment item, regardless of how well you perform in your resubmission.
No extensions will be allowed for your resubmission.
Use of Generative AI and LLMs in assignments
Please follow the CQU Guidelines on Generative AI provided in the Assessment Tab in this Moodle site.
An oral confirmation process may be implemented to ensure the authenticity of a student's work in a fair, transparent, and thorough manner. This process is initiated when there is reasonable suspicion that artificial intelligence (AI) tools have been used inappropriately.
Week 9 Monday (13 Jan 2025) 5:00 pm AEST
Please submit through Turnitin in Moodle
Week 10 Friday (24 Jan 2025)
Returned Friday 24 January. Your result and comprehensive feedback will be available through Moodle's Feedback Studio by clicking on the 'blue pencil'
Your essay will be marked against the rubric which will be available on the Moodle page. In summary, the assessment criteria follow:
1. Through critical analysis, discuss how entrepreneurial, innovative and sustainability (EIS) thinking might have contributed to the development of Restoke.AI's initiative (15%)
2. Using peer-reviewed academic literature, critically evaluate the management skills in EIS that are likely to have contributed to Restoke.AI's initiative (15%)
3. Adherence to academic essay structure, 1500-word limit, and quality of written expression, TEEL* paragraph structure, grammar, punctuation, with spelling using Australian English (5%)
4. Insights from at least six (6) peer-reviewed papers from academic journals. Adherence to CQUniversity APA (7th Edition) reference style (5%)
NOTE: In alignment with the CQUniversity Assessment Policy and Procedure, a late submission penalty of five (5) percent of the total available marks for the assessment must be deducted for each full or part calendar day the assessment task is overdue. Adhere to word-length: Assignment submissions in excess or below the specified word limit (+/-10%) will be penalised at 1% per 100-words over the limit.
* TEEL paragraph structure is detailed in the ALC recorded workshop. Failure to utilise this approach will detract from achieving a good score for criteria #3
- Describe the scope, scale, and contributions of contemporary business
- Critically assess the dynamic influence of entrepreneurial, innovation, and sustainability (EIS) drivers in contemporary business
- Critically assess the the consequential impacts of EIS on business strategy and structure, people, organisational design, and business operations
- Critically evaluate the management skill requirements for successfully leveraging emerging EIS opportunities
- Critically evaluate the influence of leadership in shaping ethical and socially responsible initiatives for a circular economy.
3 Reflective Practice Assignment
LEARNING OUTCOMES ASSESSED:
- Critically evaluate the management skill requirements for successfully leveraging emerging EIS (entrepreneurship, innovation, and sustainability) opportunities
- Critically evaluate the influence of leadership in shaping ethical and socially responsible initiatives for a circular economy
TASK:
In a 1500-word business report, critically evaluate how Madura Tea might evaluate strategic EIS and circular economy opportunities as it pursues its business mission.
To support your analysis, your critical reflection should use research from at least six (6) papers from peer-reviewed academic journals. Your submission must follow business report format, express an informed argument, and draw compelling conclusions.
SCAFFOLDING:
Before you start this assignment:
- Explore the company's website: Madura Tea
- Review all material covered in the weekly schedule
- Review material provided in the text and the eReading list
- Mind-map principle themes and keywords from your review of at least 6 peer-reviewed academic journals (from the CQU Library)
- View the recorded ALC workshop on how to structure and write a business report
- View the ALC workshop on how to write TEEL structured paragraphs and how to format references using CQU APA (7th Edition)
- Moodle site provides example business reports
Use of Generative AI and LLMs in assignments
Please follow the CQU Guidelines on Generative AI provided in the Assessment Tab in this Moodle site.
An oral confirmation process may be implemented to ensure the authenticity of a student's work in a fair, transparent, and thorough manner. This process is initiated when there is reasonable suspicion that artificial intelligence (AI) tools have been used inappropriately.
Exam Week Monday (10 Feb 2025) 5:00 pm AEST
Please submit through Turnitin in Moodle
Results and feedback will be available in Feedback Studio after Certification of Grades (Friday 7 March)
CRITERIA:
Your business report must respond to the following criteria:
- Identify and critically discuss emerging EIS and circular economy opportunities for Madura Tea (10%)
- Discuss the management skills required by Madura Tea to leverage these opportunities effectively (10%)
- Analyse how the influence of leadership may shape Madura Tea's ethical and socially responsible initiatives for a circular economy (10%)
- Adhere to business report format, limit of 1500-words, and evidences quality of written expression, TEEL* paragraph structure, grammar, punctuation, and spelling using Australian English (5%)
- Use at least six (6) peer-reviewed papers from academic journals. Accurately apply CQUniversity APA (7th Edition) referencing style for in-text citations and in the reference list (5%)
NOTES:
- Your business report will be marked against a RUBRIC. To understand the standard required before you submit, click on the assignment to see the rubric description for each criteria
- View the ALC workshop to understand how to structure and write a business report
- View the ALC workshop on how to write TEEL structured paragraphs. Failure to use this approach will detract from achieving a good score for criteria #4
- A late submission penalty of five (5) percent of the total available marks for the assessment will be deducted for each full or part calendar day the assessment is overdue (unless an assignment extension has been approved)
- Excess word penalty of one (1) percent per 100-words over the limit will be applied in excess of the specified word limit (+/-10%). For this assignment, the penalty will apply if the essay exceeds 1650-words
- Your result and comprehensive feedback on this final assignment will be available after Certification of Grades ; accessed through Moodle's Feedback Studio by clicking on the 'blue pencil' icon
- Critically assess the the consequential impacts of EIS on business strategy and structure, people, organisational design, and business operations
- Critically evaluate the management skill requirements for successfully leveraging emerging EIS opportunities
- Critically evaluate the influence of leadership in shaping ethical and socially responsible initiatives for a circular economy.
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
