Strategy, Innovation and Management
Facing an unprecedented pace of change, increasing pressures from globalisation, disruption threats to core businesses, and varying demands from diverse stakeholders for greater efficiency and sustainability, managers need to have a focused approach to innovation. They need to weave innovation into their strategy making processes to discover and integrate options for growth and value creation that secure a long-term competitive advantage for their organisations.
The Strategy, Innovation and Management specialisation equips students with the knowledge, frameworks and tools that strategic thinkers and innovators use to address the wicked business challenges posed by a turbulent global environment, while also improving the social and environmental accountability of their operations. Students will learn how to think strategically, manage innovation, and mind sustainability goals. Further, they will hone their negotiation, teamwork and leadership skills to work effectively in established and entrepreneurial organisations.
The specialisation offers a strong foundation in the knowledge and skills that graduates need to succeed as strategic managers in future-oriented local, national and global organisations.
Requirements for a Strategy, Innovation and Management specialisation
To achieve a specialisation in Strategy, Innovation and Management within the Master of Commerce or Master of Commerce (Extension), students must complete 30 credit points in units of study comprising:
- 6 credit points of Table A – Foundational units of study; and
- 24 credit points of Table A – Strategy, Innovation and Management selective units of study.
Students completing this specialisation to meet the requirements for the Master of Commerce or as their compulsory specialisation for the Master of Commerce (Extension) would complete a 6 credit point capstone unit from Table A – Capstone units of study for their degree in the same subject area as their specialisation.
Students completing this specialisation as their optional second specialisation for the Master of Commerce (Extension) are not required to complete a capstone unit of study.
Sample pathways
(i) Master of Commerce
A sample pathway for the Strategy, Innovation and Management specialisation spread over the three semesters of the Master of Commerce degree (Full-time study) is listed below.
| Session | Units of study | ||
|---|---|---|---|
| 1st Semester |
Foundational: SIEN5001 Foundation in Strategy, Innovation and Management | Specialisation selective | |
| 2nd Semester |
Specialisation selective | Specialisation selective | |
| 3rd Semester |
Specialisation selective |
||
(ii) Master of Commerce (Extension)
A sample pathway for the Strategy, Innovation and Management specialisation spread over four semesters of the Master of Commerce (Extension) degree (Full-time study) is listed below.
| Session | Units of study | |
|---|---|---|
| 1st Semester | Foundational: SIEN5001 Foundation in Strategy, Innovation and Management | |
| 2nd Semester | Specialisation selective | |
| 3rd Semester | Specialisation selective | Specialisation selective |
| 4th Semester | Specialisation selective |
|
Please Note. This sample progression is meant as an example only. Depending on unit prerequisites, students may be able to complete these units in a different sequence to that displayed in the table above.
For details of the units of study required for the specialisation please refer to the Table A- Strategy, Innovation and Management section under Commerce Subject Areas in this handbook.
Learning Outcomes
| Learning Outcomes - Strategy, Management and Innovation specialisation | |
|---|---|
| 1 | Assess key theories, models and concepts in strategy, management and innovation and their application in a range of contexts. |
| 2 | Critically appraise and integrate frameworks and tools used by strategists, leaders and managers. |
| 3 | Interrogate the role of innovation in meeting social and environmental responsibilities. |
| 4 | Analyse data to develop integrated management approaches to complex business problems. |
| 5 | Develop the capabilities to be a leader who generates sustainable value for business and society. |
| 6 | Develop effective communication and negotiation skills to formulate evidence-based arguments in face to face interactions and using a variety of media. |
| 7 | Collaborate to create, innovative ideas and solutions to complex, real world business problems. |
| 8 | Exhibit reflexivity, respect and integrity in interactions with others from different backgrounds. |
Further information
For further information regarding study in people, management and organisations in the Commerce coursework programs, please contact the Discipline of Strategy, Innovation and Entrepreneurship.