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: 27.04.2023 - 01.06.2023
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
applies in this implementation
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
Assignments:
- Five weekly lecture topic assignments - individual (50 % of the grade)
- Financial and strategy analysis of a public construction company – group assignment (3-4 in group) (25 % of the grade)
- Start-up business plan for construction sector – group assignment (2-3 in group) (25 % of the grade)
Attendance in the three company lectures is mandatory- Organized 4.5 at 10.45-11.45 (Boost Brothers), 16.5 at 9.00-10.00 (Pohjola Rakennus) and 25.5 at 9.15-10.15 (Skanska)
- Can be replaced by an extra assignment
DETAILS
Study Material
applies in this implementation
Lecture presentations, company reports and articles.
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
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).
Details on the schedule
applies in this implementation
- Five theory lectures in classroom R2 (Rakentajanaukio 4) – supported by video podcasts from earlier years
- Three mandatory company guest lectures (can be replaced by extra assignment)
Sessions: (Remark that starting times vary a little, e.g., 9.00 or 9.15!)
- 27.4.2023 10:15-10:35 AM: Introduction to the course
10:35-11:45 AM: Introduction to strategic management and strategy in construction
- 4.5.2023 9:15-10:45 AM: Strategic management in practice, business models
10:45-11:45 AM: Guest lecture, COO Matti Sivunen, Boost Brothers
- 11.5.2023 9:15-11:00 AM: Production strategies and concepts
- 16.5.2023 9:00-10:00 AM: Guest lecture, CEO Juha Metsälä, Pohjola Rakennus
10:00-11:45 AM: Finance and financial analysis in construction
- 25.5.2023 9:15-10:15 AM: Guest lecture, SVP Jan Elfving, Skanska
10:15-11:45 AM: International construction business
- 1.6.2023 9:15-11:45 AM: Student group presentations on Financial and strategy analysis of a public company