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: 21.04.2022 - 24.05.2022
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Antti Peltokorpi
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
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 for whole curriculum period:
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 – group assignment (30 %)• Start-up business plan for construction sector – pair/group assignment (30 %)
DETAILS
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
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
Further Information
valid for whole curriculum period:
Teaching Language : English
Teaching Period : 2022-2023 Spring V
2023-2024 Spring VEnrollment :
Registration for the course will take place on Sisu (sisu.aalto.fi).
applies in this implementation
The course sessions will consist of a) live classroom sessions and b) video podcasts.
Live clasroom sessions include 1) course introduction session (recorded), 2) five reflection & discussion sessions on theory content, 3) three company guest lectures (mandatory), and 4) Student group work presentation session (mandatory). Five video podcasts cover the theory content of the course.
Three company guest lectures are live and mandatory, because that is the way we best appreciate their time and effort for our course. If you still cannot attend, you need to replace each quest lecture by extra assignment.
See details of schedule below.
Minor changes are possible and informed in advance.
Details on the schedule
applies in this implementation
Remark that starting times vary a little (e.g. 10.00 or 10.15)!
- 21.4.2022 10:15-11:00 am: Introduction session (Hall U6, Konecranes, Otakaari 1)
- 21.4.2022 11:00-12:00 am: Boost Brothers Matti Sivunen guest lecture (Hall U6), Mandatory
- 28.4.2022 10:15-11:00 am: Reflection session
for Introduction to strategic management and strategy in construction (Hall U6)
- 5.5.2022 10:30-11:30 am: Fira CEO Jussi Aho guest lecture (Hall U6), Mandatory
- 5.5.2022 11:30-12:00 am: Reflection session for Strategic management in practice, business models (Hall U6)
- 12.5.2022 10:15-11:00 am: Reflection session
for Production strategies and concepts (Hall U6)
- 19.5.2022 10:15-11:00 am: Reflection session
for Finance and financial analysis in construction (Hall U6)
- 19.5.2022 11:00-12:00 am: Skanska SVP Jan Elfving guest
lecture (Hall U6), Mandatory
- 24.5.2022 8:45-9:30 am: Reflection session for International construction business (Hall U6)
- 24.5.2022 9:40-11:45 am: Student group
presentations on Financial and strategy analysis of a public company (Hall U6), Mandatory