Syllabus

Credits: 5

Schedule: 18.04.2019 - 23.05.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Assistant Professor Antti Peltokorpi

Contact information for the course (applies in this implementation): 

email: antti.peltokorpi@aalto.fi

Teaching Period (valid 01.08.2018-31.07.2020): 

V

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The course prepares student for thinking about strategic choices and development in construction industry both at the company and business unit levels.

• Identify main content and schools of strategic management
• Understand the role of strategic management for business performance
• Describe different strategic options related to production, finance, and resource management in construction
• Be able to formulate business model and business plan for business unit in construction
• Be able to analyze firms and their internal and external conditions for competition in construction business
• Understandprinciplesand methodsof Lean construction

Content (valid 01.08.2018-31.07.2020): 

Strategic choices and managerial issues crucial in construction business

Contact teaching:

- Introduction to strategy in construction

- Different business models in construction

- Production strategies

- Financing issues in construction

- Resource management

- Strategic management in practice (guest lectures)

- Internationalization of construction business

- Role of innovations and change management

- Project work presentations and evaluation

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Lectures, lecture assignments and project works.

Assessment (scale 0-5) based on individual lecture assignments (40%), and two team project works (30% each)

Elaboration of the evaluation criteria and methods, and acquainting students with the evaluation (applies in this implementation): 

• Weekly individual lecture topic assignments 40
  %
• Financial analysis - group assignment 30 %
• Strategic business plan for case company - group assignment 30 %

• Group assignments include peer evaluation
• Course evaluation survey needs to be fulfilled
• No
  exam
  

Details on calculating the workload (applies in this implementation): 

Workload
in total 115 hours:

• Lectures: 24 h (6x3=18 h contact time, 6 h
  study time)
• Lecture assignments: 30 h (5x6 h)
• Financial analysis assignment:
  30 h
• Strategic business plan assignment: 30 h
• Course
  feedback: 1 h
  

Study Material (valid 01.08.2018-31.07.2020): 

to be defined later.

Details on the course materials (applies in this implementation): 

Lecture slides and other reading material

Substitutes for Courses (valid 01.08.2018-31.07.2020): 

This course replaces older courses:

Rak-63.3246 Rakennusalan yritysten strateginen johtaminen

Rak-63.3320 Strategies in International Construction Business L

Prerequisites (valid 01.08.2018-31.07.2020): 

CIV-E1040 Construction Management (required)

CIV-E2050 Operations Management in Construction (recommended)

Grading Scale (valid 01.08.2018-31.07.2020): 

0-5

Registration for Courses (valid 01.08.2018-31.07.2020): 

Oodi

Details on the schedule (applies in this implementation): 

Preliminary contact teaching schedule:

18.4.2019 

• Introduction to strategic management and strategic schools
• Company lecture from CEO Jussi Aho, Fira

25.4.2019

• Strategic management in construction, business
  models
• Company lecture from Director Jan Elfving, Skanska
  

2.5.2019

• International construction business
• Company lecture from CEO Kari Kauniskangas, YIT

9.5.2019

• Financial analysis of a construction company

16.5.2019

• Production strategies
• Company lecture from Director Tiina Talvitie, Lehto Group

23.5.2019

• Financial analysis assignment - Student group presentations

Description

Registration and further information