306032 (v.1) WASM Resource Sector Management 601

Area:

WASM Mineral Economics Teaching Area

Credits:

25.0

Contact Hours:

32.0

Lecture:

8 x 4 Hours Fortnightly

Syllabus:

Strategic Management - Porter's Five Forces and Generic Strategies, Porter's Value Chain - Influence upon Organisational Structure. The resource-based view of the firm (Core and Key Competence), Does industry matter? Competitive Strategy, Cooperative Strategy and 'Co-opetition', McKinsey's Seven S's (Strategy, Structure, Skills, Style, Staff, Shared Values, System), Corporate Strategy (The role of the corporate centre), Portfolio Theory and Conglomerates, 'New' Economy versus 'Old' Economy Business Models - Is there a difference? Operations Management - Principles of Scientific Management (Taylorism), Theory of Constraints (Goldratt), Critical Path Project Management, 'Lean' Production (The Toyota Production System), Inventory Management (Is inventory an asset or liability?), Management Accounting (Why use it?), Operations Performance Metrics.

Unit Outcomes:

On successful completion of this unit, students will have- Distinguished key concepts in strategic management and operations management with special reference to the commodities industries. An understanding of frameworks, tools and techniques that can influence corporate performance in the minerals industry and assessed present industry deficiencies. Analysed techniques designed to increase the daily operating performance of companies and methods to ensure the long-term competitiveness of business concerns.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

Trench, A. and Judge, T. (2002), The Insider's Guide to Success in Australian Business and Management. New York, Wrightbooks, John Wiley. Trench, A. (2001). In Search of Mining Excellence - Beyond a First Class Ticket. Judicial Holdings Pty Ltd. Trench, A. (2000). The Business of Mining - Beating the Commodity Trap. Bentley, Curtin University of Technology.

Unit Texts:

Goldratt, E.M. and Cox, J. (1998). The Goal: A Process of Ongoing Improvement (second edition). London, Gower Publishing. Nalebuff, B. and Brandenburger, A. (1996) Co-opetition. London, Harper Collins Business

Unit Assessment Breakdown:

Examinations 40%, Individual and syndicate assignments 60%. This is by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Semester 2	Y