Information on this page, including unit offerings, is from the 2019 academic year.
Managing Uncertainty Through Scenario Planning (MBS607)
|School||School of Business and Governance|
|Description||Responding to organisational environments that evolve continuously requires managers to work with constant change and uncertainty. One avenue of responding to the complexity of such environments is to adopt a scenario planning approach as part of strategy building. The organisational strategy can be better constructed and executed by reflecting on multi-disciplinary input that result in new trends, driving forces and macro events. This module enables managers to assess externalities, develop, apply and evaluate scenarios to the organisation's strategy.|
|Unit Learning Outcomes||1. Assess global dynamics and drivers that can cause strategic shifts for organisations;
2. Evaluate the interactions and interplay between key drivers over the medium and long-term;
3. Apply scenario building methodologies to build plausible scenarios;
4. Test scenarios for plausibility, consistency and creativity;
5. Evaluate action consequences on the strategic and policy environment of the organisation.
|Timetabled Learning Activities||Collaborate sessions - Approximately 3 hours x 2 days over 4 weeks of the intensive learning period. These sessions are fully online with the facilitator or in group meetings. - fully online|
|Unit Learning Experiences||The unit is delivered using blended learning design features with core unit materials provided in a digital format followed up by small class knowledge application and skills development. This is enhanced by self-directed learning to further develop skills and application of knowledge to practical and current issues.
Students will undertake all activities online.
These activities include participating in interactive learning activities, accessing online reading, watching instructional videos, interacting with fellow students and completing assessments.
|Assessment||Assessment 1 - Individual Presentation and 1,000 word summary, 20%
Assessment 2 - Group 1,000 word summary 30%
Assessment 3 - Group Case Study and Report, 40%
Assessment 4 - Online and In-Class Participation 10%
|Prerequisites||Enrolment in the Executive Master in Leadership, Strategy and Innovation|
|Appears in these Courses/Majors:
see individual structures for context
|Internet Access Requirements||Murdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.|
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