BSB105 The Future Enterprise


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Unit Outline: Semester 2 2024, Gardens Point, Internal

Unit code:BSB105
Credit points:12
Equivalent:BSD105
Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of the teaching period.

Overview

This introductory business core unit provides insights on how to predict emerging futures in the contemporary workplace and how to tailor individual response strategies to future business scenarios. Grounded in an integrated mix of real-world case studies from corporate, non-profit and entrepreneurial sectors, this unit will help you to develop the mindset and skill set required to approach the future world of work equipped to succeed. You will practise environmental sensing, scenario planning and managing strategic alternatives, and will be introduced to megatrends defining the contemporary work landscape, along with opportunities, threats and “black swan” events disrupting it. You will build your capability to be resilient and agile in the workplace. This unit is relevant to students of all business disciplines, preparing you for the future of work and introducing you to business capabilities to ignite your career.

Learning Outcomes

On successful completion of this unit you will be able to:

  1. Demonstrate an understanding of strategies for predicting and responding to future business scenarios across a variety of real-world business contexts. [KS 1.1]
  2. Analyse a corporate, non-profit or entrepreneurial market to identify emerging business opportunities and threats using a variety of processes and approaches. [KS 1.2, HO 2.1, SE 5.2]
  3. Using a range of environment sensing tools and approaches, construct business recommendations and evaluate them according to their strategic alignment, feasibility, viability and desirability. [KS 1.1, HO 2.1, HO 2.2, SE 5.2]
  4. Report on industry trends, developments and possible scenarios in teams using professional communication and collaboration skills. [HO 2.1, PC 3.1, TS 4.2]
  5. Employ strategies for resilience and agility in a range of professional contexts. [TS 4.1, SE 5.2]

Content

In this unit, you will learn about:

Awareness: The predictable environmental trends and developments, and how we prepare an organisation to deal with significant, unpredictable events (so called “black swans”).

Acceptance: Assess possible future contexts in light of their relevance and severity of impact on an organisation.

Action: Develop appropriate response and preparation strategies, build resilience and agility where required, identify opportunities and threats, and conduct an informed selection according to strategic alignment, feasibility, viability and desirability.

You will be guided through the unit by the following principles:

  • Better to prevent a problem than solve it.
  • Best to have alternative strategies than one strategy.
  • Be either resilient or agile.
  • Distinguish between what you could do and what you should.
  • Ensure that future actions are feasible, desired and viable.

 

QUT Business Capabilities (Undergraduate)

The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.

Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.

Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.

Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.

Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.

Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.

Learning Approaches

In this unit, you will learn by engaging in opportunity- and case-based activities designed to develop your skills in analysis and decision-making. You will explore contemporary global issues and learn about future challenges and opportunities for business enterprises. In workshops, you will practise how to sense the environment, how to prepare for the next black swan event and how to conduct scenario planning to develop alternative business strategies. Beyond such toolsets, you will learn how to develop a mindset that allows you as a future leader to approach emerging scenarios prepared and with confidence in various sectorial settings.

You will be expected to attend and contribute regularly to workshops, and work through content and self-directed formative learning activities presented on the unit’s Canvas site before and after class to supplement your learning.

Feedback on Learning and Assessment

Students will receive feedback in various forms throughout the semester which may include:

  • Informal: worked examples, such as verbal feedback in class, personal consultation
  • Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
  • Direct: to individual students, either in written form or in consultation
  • Indirect: to the whole class

Assessment

Overview

The assessment tasks in this unit provide you with opportunities to practise and develop higher order thinking skills such as scenario planning, environmental sensing and strategy development. The assessment is framed around the Awareness, Acceptance, Action framework for predicting the future of work.

Unit Grading Scheme

7- point scale

Assessment Tasks

Assessment: Scenario Planning Report

A report critically describing possible future realities a business may face to assist in strategic planning for the chosen client for that semester.

Formative or Summative: Formative and Summative

Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.1), PC(3.1)

This assignment is eligible for the 48-hour late submission period and assignment extensions.

Weight: 40
Length: 2,000 words
Individual/Group: Individual
Due (indicative): Week 6
Related Unit learning outcomes: 1, 2, 3, 4

Assessment: Strategic Response Report

In groups, students will review the scenarios they prepared in assessment 1 and choose which of their scenarios to provide strategic responses to. Students will consider the desirability, feasibility, and viability of their proposed strategic response options for the chosen client for that semester. Students are asked to provide feedback on the performance of their peers, as well as on their own performance.

Formative or Summative: Summative

Business Capabilities (AoL goals): KS (1.2), HO (2.2), PC (3.1), TS (4.2), SE (5.2)

This assignment is eligible for the 48-hour late submission period and assignment extensions.

Weight: 45
Length: 2,500 words
Individual/Group: Individual and group
Due (indicative): Week 13
Related Unit learning outcomes: 2, 3, 4

Assessment: Reflection

Students will reflect on what they have learned about their values and ethical decision making and how that informs their understanding of socially responsible behaviour, using issues in national and international business contexts. 

Formative or Summative: Formative and Summative

Business Capabilities (AoL goals): SE(5.2), TS (4.1)

This assignment is eligible for the 48-hour late submission period and assignment extensions.

Weight: 15
Length: 800 words
Individual/Group: Individual
Due (indicative): During Central Exam Period
Related Unit learning outcomes: 5

Academic Integrity

Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.

Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.

You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.

Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.

Resources

Weekly resources will be available on the unit Canvas site.

Risk Assessment Statement

There are no out-of-the ordinary risks associated with this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.

Standards/Competencies

This unit is designed to support your development of the following standards\competencies.

QUT Business Capabilities (Undergraduate)

HO (2.1): Critical Analysis

Relates to: ULO2, ULO3, ULO4, Scenario Planning Report

HO (2.2): Independent Judgement and Decision-Making

Relates to: ULO3, Strategic Response Report

KS (1.1): Discipline Knowledge

Relates to: ULO1, ULO3, Scenario Planning Report

KS (1.2): Technical and Technological Skills

Relates to: ULO2, Scenario Planning Report, Strategic Response Report

PC (3.1): Professional Communication (Written)

Relates to: ULO4, Strategic Response Report

SE (5.2): Global Social Responsibility

Relates to: ULO2, ULO3, ULO5, Scenario Planning Report, Strategic Response Report

TS (4.1): Self-Reflection and Accountability

Relates to: ULO5, Reflection

TS (4.2): Teamwork Knowledge and Skills

Relates to: ULO4, Strategic Response Report, Reflection

Course Learning Outcomes

This unit is designed to support your development of the following course/study area learning outcomes.

BS05 Bachelor of Business

  1. Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
    Relates to: ULO1, ULO3, Scenario Planning Report
  2. Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
    Relates to: ULO2, ULO3, ULO5, Scenario Planning Report, Strategic Response Report
  3. Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
    Relates to: ULO2, Scenario Planning Report, Strategic Response Report
  4. Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
    Relates to: ULO2, ULO3, ULO4, Scenario Planning Report
  5. Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
    Relates to: ULO3, Strategic Response Report
  6. Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
    Relates to: ULO4, Strategic Response Report
  7. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
    Relates to: ULO5, Reflection
  8. Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
    Relates to: ULO4, Strategic Response Report, Reflection

BS06 Bachelor of Business

  1. Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
    Relates to: ULO1, ULO3, Scenario Planning Report
  2. Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
    Relates to: ULO2, ULO3, ULO5, Scenario Planning Report, Strategic Response Report
  3. Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
    Relates to: ULO2, Scenario Planning Report, Strategic Response Report
  4. Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
    Relates to: ULO2, ULO3, ULO4, Scenario Planning Report
  5. Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
    Relates to: ULO3, Strategic Response Report
  6. Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
    Relates to: ULO4, Strategic Response Report
  7. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
    Relates to: ULO5, Reflection
  8. Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
    Relates to: ULO4, Strategic Response Report, Reflection

BS08 Bachelor of Business - International

  1. Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
    Relates to: ULO1, ULO3, Scenario Planning Report
  2. Demonstrate and apply knowledge and skills, including experiential learning, for effective intercultural communication and behaviour within culturally diverse business environments.
    Relates to: ULO2, ULO3, ULO5, Scenario Planning Report, Strategic Response Report
  3. Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
    Relates to: ULO2, Scenario Planning Report, Strategic Response Report
  4. Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
    Relates to: ULO2, ULO3, ULO4, Scenario Planning Report
  5. Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
    Relates to: ULO3, Strategic Response Report
  6. Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
    Relates to: ULO4, Strategic Response Report
  7. Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
    Relates to: ULO5, Reflection
  8. Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
    Relates to: ULO4, Strategic Response Report, Reflection