ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title BUSINESS STRATEGY AND MANAGEMENT
Code ACUL704
Coordinator Mr RS Stephens
Finance and Accounting
Robert.Stephens@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ First Semester 10

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 49

         2.5

 51.5
Timetable (if known)              
Private Study 48.5
TOTAL HOURS 100

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): Semester 1  2.5 hours    100       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

This module aims to enable students to:

Identify and analyse the consequences of a business's current objectives, market position and direction;

Evaluate the likely consequences of strategic choices and recommend strategies to meet the objectives of the business;

Recommend appropriate methods of implementing strategies and demonstrate how management information can be used to measure and monitor strategic performance;

Use professional judgement to apply appropriate models and analyse financial and non-financial data, in order to analyse performance and the strategic situations and determine appropriate choices;

Evaluate the ethical implications of strategic choices at both the organisation level and for individuals, with particular reference to the accountant in business.

Learning Outcomes

(LO1) Identify and analyse the consequences of a business’s current objectives, market position and direction;

(LO2) Evaluate the likely consequences of strategic choices and recommend strategies to meet the objectives of a business;

(LO3) Recommend appropriate methods of implementing strategies and demonstrate how management information can be used subsequently to measure and monitor strategic performance;

(LO4) Use professional judgement to apply appropriate models and analyse financial and non financial data, in order to analyse performance and strategic situations and determine appropriate choices;

(LO5) Evaluate the ethical implications of strategic choices at both the organisational level and for individuals, with particular reference to the accountant in business.

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Communication skills

(S7) International awareness

(S8) Lifelong learning skills

(S9) Ethical awareness

Teaching and Learning Strategies

Lectures x 49 hours
Lectures will be delivered in full day blocks. A full day block of lectures involves the student attending class from 9am to 4.30pm with breaks. The day involves a range of activities which can include lectures, guided scenario and question practice, group work and open discussion on relevant business areas. Full day contact with academic staff therefore provides the opportunity for students to interact with each other and with academic staff, to work in teams and receive real time guidance.

Formative Progress Test x 2.5 hours
Unscheduled directed student hours (time spent away from the timetabled sessions but directed by the teaching staff).

Self-directed learning hours x 48.5
Self-directed learning includes wider reading on the related topic areas from academic and professional journals and the financial press, reflection on lecture content and sourcing and attempting scenario-based exercises. Structured preparation for mid-term tests a lso requires self-directed learning.

Syllabus
 

1. Strategic analysis;

2. Strategic choice;

3. Implementation and monitoring of strategy;

4. Ethics.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.