Strategic Business Leader - I

Paper Code: 
AAF 511
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To apply relevant knowledge, skills, and exercise professional judgment in assessing strategic position, determining strategic choice, and implementing strategic action through beneficial business process and structural change

Course Outcomes (COs):

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

 

AAF 511

Strategic Business Leader I

CO 159: Understand the concept of Strategy,

CO 160: Understand the Strategic decision making with help of various models.

CO 161: Understand risk ,risk management, risk mitigation and risk control

CO 162: Acquire knowledge of professional skills and ethics

CO 163: Understand internal control , audit and compliance in organization

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Demonstration,

 

Learning activities for the students:

Self learning assignments, Effective questions,  presentation, Giving tasks,

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

18.00
Unit I: 
Leadership
  • Qualities of leadership-Role, Leadership traits, entrepreneurship and intrapreneurship, professional values;
  • Leadership and organizationalculture- Leadership style, Impact on culture and ethics, Analyzing culture; Professionalism, ethical codes andthe public interest- Tucker 5 question approach, Social responsibility of accountants, combating corruption, ethical threats and safeguards
18.00
Unit II: 
Strategy
  • Concepts of strategy- Strategic decisions, Johnson, Scholes and
  • Whittington model;  Environmental issues-PESTEL, Porter’s Diamond, external key drivers of change,
  • Assumptions of future environment;
  • Competitive forces-Porter’s five forces, Porter’s value chain, opportunities andThreats, value networks;
  • The internal resources, capabilitiesand competences of an organization- strategic capability, unique resources and core competences, threshold resources,SWOT, competitive advantage
18.00
Unit III: 
Strategic choices
  • Strategic options, Potential and options, 7 ‘P’s, Boston Consulting Group, Ansoff matrix, methods of pursuing a chosen strategicdirection
  • Risk
    • 1. Identification, assessment andmeasurement of risk- framework for riskManagement, Identify and evaluate the key risks, Assess attitudes towards risk and risk appetite, dynamic nature of risk, Risk assessment models,  ALARP
    • 2. Managing, monitoring and mitigating Risk-  Role of a Risk manager, embedding risk in an organization’s culture, TARA, benefits of incurring or accepting some risk
18.00
Unit IV: 
Organizational control and audit
  • 1. Management and internal controlsystems- Meaning, Need, Features, Effectiveness and Potential Weakness, Importance of sound internal control system, Changes to the system
  • 2. Audit and compliance- need for an internal audit function auditor, independence, effective internal audit committee, appropriate responses to auditors’ recommendations
  • 3. Internal control and management
    • Reporting- Need and contents of Report, Reliability of internal control for Financial Reporting
18.00
Unit V: 
Professional skills
  • Communication- cultural differences, compelling and logical arguments, simplify complex issues;
  • Commercial acumen-organizational and wider external factors, key issues in determining how to address or resolve problems,
  • insight and perception in understanding work-related and organizational issues; 
  • Analysis- analytical techniques, analyze appropriate data sources;
  • Skepticism- reasons for issues and problems, justifications and obtaining sufficient evidence;
  • Evaluation- forecasts of the implications of external and internal factors, problems or when making decisions
References: 

ACCA Module

Academic Year: 
2020-2021
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