CIV-E2070 - Strategic Management in Construction D, 22.04.2021-27.05.2021


Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

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
  • Justify, report and present strategic proposals

Credits: 5

Schedule: 22.04.2021 - 27.05.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Antti Peltokorpi, Antti Peltokorpi

Teacher in charge (applies in this implementation): Antti Peltokorpi, Antti Peltokorpi

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

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • Valid 01.08.2020-31.07.2022:

    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 01.08.2020-31.07.2022:

    Lectures, lecture assignments and project works.

    Assessment (scale 0-5) based on weekly assignments, and team project works

  • Applies in this implementation:

    • Five
    weekly lecture topic assignments - individual (40 %)
    • Financial
    and strategy analysis of a public construction company – individual/pair
    assignment (30 %)
    • Start-up
    business plan for construction sector – pair/group assignment (30 %)

DETAILS

Study Material

  • Valid 01.08.2020-31.07.2022:

    to be defined later.

  • Applies in this implementation:

    Lecture videos and presentation materials and other delivered materials.

Prerequisites

  • Valid 01.08.2020-31.07.2022:

    CIV-E1040 Construction Management (required)

    CIV-E2050 Operations Management in Construction (recommended)

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure

    11 Sustainable Cities and Communities

    12 Responsible Production and Consumption

FURTHER INFORMATION

Details on the schedule

  • Applies in this implementation:

    The course sessions will consist of a) live sessions and b) video podcasts. 

    Live sessions include course introduction session, five Q&A sessions on theory content, and two company guest lectures (mandatory). Five video podcasts cover theory content of the course.    

    Live Zoom sessions:

    • 22.4.2021 at 10:00-11:00 AM: Introduction session
    • 29.4.2021 at 10:00-11:00 AM: Q&A session for Introduction to strategic
      management and strategy in construction
    • 29.4.2021 at 11:00-12:00 AM: Fira CEO Jussi Aho guest lecture
    • 6.5.2021 at 10:00-11:00 AM: Q&A session for Strategic management in practice,
      business models
    • 6.5.2021 at 11:00-12:00 AM: Skanska SVP Jan Elfving guest lecture
    • 11.5.2021 at 2:15-3:15 PM: Q&A session for Production strategies and concepts
    • 20.5.2021 at 10:00-11:00 AM: Q&A session for Finance and financial analysis in
      construction
    • 27.5.2021 at 10:00-11:00 AM: Q&A session for International construction business

    Minor changes are possible and informed in advance.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof