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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Executing Strategy and Management Control (CMSE11415)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits15 ECTS Credits7.5
SummaryIn contemporary economies and societies, sources of value creation are rapidly changing from tangible assets towards managing knowledge-based strategies based on intangible assets. This fundamental shift provides unique challenges for organizations and decision-makers. Navigating the complexities of this changing economic environment requires organizations to understand and measure competitive advantage that comes from sources such as intangible capabilities, knowledge and innovation sources, information systems, relationships and sustainability. Furthermore, in light of the dynamic and fast-changing nature through which such resources are deployed to create value, modern organizations require management systems that are designed to tackle such issues on a continuous basis. This course explores the conceptual challenges underlying these developments and provides students with important tools and systems to better understand the evolving relationship between management control and knowledge-based strategies.
Course description The course objectives are:

* To introduce students to key academic and professional concepts on the relationship between management control and strategy execution for financial professionals in contemporary organizations.

Balanced Scorecard
Linking Performance Measurement and Strategy Execution
Dealing with complexity and emergence in financial planning
Understanding strategic costing within an intangible economy
Technology changes and organizational control
Understanding sustainability as an organizational resource
Student Learning Experience
The course will be based on lectures and case study discussions.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Not being delivered
Learning Outcomes
On completion of this course, the student will be able to:
  1. Explain and discuss critically the strategic context of management control and current management control techniques in executing strategy.
  2. Construct a cash flow forecast and a budget.
  3. Calculate, explain and discuss critically standard cost variances contribution and break-even-point.
  4. Explain and discuss critically the risk and return profile of differing cost structures.
  5. Discuss critically how manager behaviour can be influenced by performance based incentives and the measurement issues that arise.
Reading List
Horngren, C.T., Datar, S., Foster, G. (2015), Cost Accounting: A Managerial Emphasis, 15th global edition. Prentice Hall.
Advised Preparatory Work:
Revise basic concepts of Management Accounting
e.g. Weetman, P. (2010) Management Accounting (2nd edition) Pearso
Additional Information
Graduate Attributes and Skills Cognitive Skills:

After completing this course, students should be able to apply technical knowledge in problem solving.

Subject Specific Skills:
After completing this course, students should be able to carry out the practical exercises listed under Knowledge and Understanding.
Special Arrangements For Business School PG students only, or by special permission of the School. Please contact the course secretary.
KeywordsNot entered
Course organiserMr Marian Konstantin Gatzweiler
Course secretaryMiss Yvonne Stewart
Tel: (0131 6)51 5333
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