Strategy and Innovation (Master of Commerce)
Description
Strategy is a critical component of a business. Increasingly, a premium is placed on strategists who are able to exploit creativity and innovation to attain competitive advantage. In this Strategy and Innovation specialisation, we focus on creativity and innovation in strategy formulation and on the importance of formulation being complemented by a strong capability in strategy execution. We investigate these factors in both entrepreneurial and corporate settings. Electives cover topics such as opportunity identification and business start-ups, managing growth, business restructuring, business negotiations, intellectual property management, managing change, management consulting and the nature of innovative organisations.
Please Note: The following requirements for the specialisation are for students commencing or transferring into the Master of Commerce in 2012. Students who commenced in 2011 should refer to the details listed below under "Information for pre-2012 continuing students".
Requirements for the specialisation (2012 commencing students)
To be awarded a specialisation in Strategy and Innovation, students must complete five units of study (30 credit points), comprising:
(i) one foundational unit of study (six credit points) selected from the following units:
(ii) four elective units of study (24 credit points) selected from the following units:
- CLAW6032 Regulating Innovation and Distribution (new unit for 2012)
- IBUS6011 New Business Opportunities and Startups
- IBUS6012 Business Growth and Innovation
- IBUS6013 Business Restructuring and Renewal
- IBUS6014 Intellectual Property Management
- IBUS6016 Social Entrepreneurship
- IBUS6017 Enterprise and the Creative Industries
- IBUS6018 Business Negotiations *
- WORK6002 Foundations of Strategic Management *
- WORK6026 Organisational Change and Development
- WORK6111 Management Consulting
- WORK6119 The Innovative Firm
* These units are not offered for 2012.
Note: Non-foundational units of study can be used to count to one specialisation only. For example, IBUS6012 cannot be used to count towards both an International Business and a Strategy and Innovation specialisation.
Information for pre-2012 continuing students
Students who commenced study in the Master of Commerce in 2011 may choose to complete their specialisation according to the information set out above or can choose to complete according to the information set out in the following downloadable PDF which lists the 2011 structure. Students should also refer to the handbook of the year they commenced study for exact details of their specialisation requirements.
Availability of this specialisation
This version of this specialisation is available under the following degrees:
- Master of Commerce
- Master of Commerce and Master of Logistics Management
- Master of International Business and Master of Commerce
Students enrolled in the Graduate Diploma in Commerce or the Master of Professional Accounting may choose units from this specialisation subject area as electives in their course.