IB349-15 Operational Research for Strategic Planning
Introductory description
To develop an understanding of the range of methods and models available to support the development of effective strategic decisions.
To equip students with the knowledge and skills to identify and apply a selection of methods that are appropriate for supporting the development of effective strategic decisions.
To instil in students an appreciation of how the methods can be incorporated within the planning process.
Module aims
To develop an understanding of the range of methods and models available to support the development of effective strategic decisions.
To equip students with the knowledge and skills to identify and apply a selection of methods that are appropriate for supporting the development of effective strategic decisions.
To instil in students an appreciation of how the methods can be incorporated within the planning process.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
A conceptual model of the strategic development process is introduced which identifies a set of essential elements for example: vision development, strategy creation, strategy rehearsal and evaluation, performance measurement. Frameworks, methods and models to support the development process include but are not limited to:
- Corporate modelling
- System Dynamics for policy design
- Strategy formulation approaches including SWOT / TOWS analysis
- Gaming
- Scenario planning
- Visioning approaches
- Performance measurement
The module will focus on a selection of methods; this selection may vary from year to year. The teaching style emphasises the practical application of techniques for strategy support through the use of case studies and group exercises. Students undertaking the 15 CATs variant are introduced to some additional material in class and through private reading/research. This additional material is also assessed for these students only with an extra question in their assessment.
Learning outcomes
By the end of the module, students should be able to:
- Understand the range of methods and models available to support the development of effective strategic decision making.
- Appreciate how the methods can be incorporated within the planning process.
Indicative reading list
Core Text:
F A O'Brien and R G Dyson, Supporting Strategy: Frameworks, Methods & Models, Wiley, 2007. Journal article lists are included with each lecture eg:
D O’Connell, K Hickson, A Pillutla (2011) Organisational visioning: An integrative review. Group & Organization Management 36 (2): 103-125
G Wright & G Cairns, Scenario thinking: Practical approaches to the future, Palgrave Macmillan, 2011
RG Dyson (2004)‘Strategic development and SWOT analysis at the University of Warwick’, European Journal of Operational Research, 152, 2004, 631-640.
Maani KE and Cavana RY, Systems thinking and modelling: understanding change and complexity, Prentice Hall, 2000.
Sterman JD, Business Dynamics: systems thinking and modelling for a complex world, London: Irwin/McGraw-Hill, 2000.
Warren K, Competitive Strategy Dynamics, Chichester: Wiley, 2002.
Subject specific skills
Use a selection of the methods covered on the module in practical situations.
Transferable skills
Demonstrate written, analytical and verbal communication skills.
Utilise and develop analytic skills.
Convey their understanding of key concepts using different forms of communication (eg write reports, make presentations).
Use information technology(e.g. WP, www, specialist packages).
Work with others (e.g. teamwork).
Study time
Type | Required |
---|---|
Lectures | 10 sessions of 2 hours (13%) |
Seminars | 9 sessions of 1 hour (6%) |
Private study | 47 hours (31%) |
Assessment | 74 hours (49%) |
Total | 150 hours |
Private study description
Private Study.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A3
Weighting | Study time | Eligible for self-certification | |
---|---|---|---|
Assessment component |
|||
Individual Assignment | 90% | 65 hours | Yes (extension) |
Reassessment component is the same |
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Assessment component |
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Participation | 10% | 9 hours | No |
Participation in activities on a weekly basis via my.wbs |
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Reassessment component |
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Individual Assignment | Yes (waive) |
Feedback on assessment
Formative feedback is provided to groups of students on a (non-assessed) presentation of the case company used in their individual assessment. Summative feedback is provided via a feedback form attached to the submitted assessment document.
Courses
This module is Optional for:
- Year 1 of UIOA-EEU Undergraduate EU Exchange
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UIOA-ESO Undergraduate European Exchange
- Year 1 of UESO Undergraduate European Exchange
- Year 1 of UESO Undergraduate European Exchange
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UGEA-RN21 Undergraduate German and Business Studies
- Year 3 of RN21 German and Business Studies
- Year 4 of RN21 German and Business Studies
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UIOA-EOS Undergraduate Overseas Exchange
- Year 1 of UEOS Undergraduate Overseas Exchange
- Year 1 of UEOS Undergraduate Overseas Exchange
- Year 1 of UIOA-EUS Undergraduate USA Exchange