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.