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GroupR81D17S/Tourism
Study unitR801DL29 Holistic Approach to Strategic Management, 10.00 ECTS credits, 267 h
PROFESSIONAL STUDIES
ImplementationPerustoteutus/19001
UnitMTI (Viirinkankaantie 1) Rovaniemi
Time of implementationAutumn1/2019-2020, Autumn2/2019-2020
Responsible teacherTekoniemi-Selkälä Teija
Other teachersLaitinen-Tolonen Aulikki, Posio Esa
Status of implementationComing

Description status Ready
  
Language of instruction English
Starting and ending dates16.09.2019 - 30.11.2019
Minimum number of participants  
Maximum number of participants  
Enrolment period15.04.2019 - 15.05.2019
Implementation method
Virtuality 4 ECTS credits
R&D integration 4 ECTS credits
Resit dates of the exam
Koulutuksen aikataulu (www-linkki)
Description language English 
Objectives

Responsible Tourism and Experience Management

Creating Experiences in an Event (project)

The student gets a holistic approach to a tourism company´s strategic management as a long-term key business process which aims at responsible, future-oriented and high quality as well as competitive and profitable business performance. He/she deepens his/her understanding and knowledge on management accounting e.g. profitability planning, budgeting, investment calculations and acquiring (external) funding. As a result, the student knows how to apply various strategic business development tools in order to improve long-term business planning towards `Business Excellence` within the experience economy.

 
Assessment criteria

Excellent (5)

The student has profound and excellent understanding and knowledge of strategic management as well as of management accounting which aims at competitive and profitable business performance of a tourism SME in a responsible way. The student is able to do profitability planning, budgeting and investment calculations independently. In addition, he/she can fully read and analyse financial statements. The student knows in an excellent manner how to apply various strategic business development tools in order to improve strategic business planning towards `Business Excellence`. The student participates in the contact lessons very actively and shows deep analytical, reflective and critical approach in all his/her activities. All the assignments are performed according to the instructions.

Very good (4)

The student has very good understanding and knowledge of strategic management as well as of management accounting which aims at competitive and profitable business performance of a tourism SME in a responsible way. The student is able to do profitability planning, budgeting and investment calculations mostly independently. In addition, he/she can read and analyse financial statements in a very good manner. The student knows very well how to apply various strategic business development tools in order to improve strategic business planning towards `Business Excellence`. The student participates in the contact lessons actively and shows good analytical, reflective and critical approach in all his/her activities. All the assignments are performed according to the instructions.

Good (3)

The student has good understanding and knowledge of strategic management as well as of management accounting which aims at competitive and profitable business performance of a tourism SME in a responsible way. The student is able to do profitability planning, budgeting and investment calculations with some extra instructions and can read and analyse financial statements well. The student knows mostly how to apply various strategic business development tools in order to improve strategic business planning towards `Business Excellence`. The student participates in the contact lessons quite actively and shows somewhat analytical, reflective and critical approach in all his/her activities. Most of the assignments are performed according to the instructions.

Satisfactory (2)

The student has satisfactory knowledge of strategic management as well as of management accounting which aims at competitive and profitable business performance of a tourism SME in a responsible way. The student needs assistance in performing profitability planning, budgeting and investment calculations and can read and analyse financial statements on a satisfactory level. The student has some difficulties to apply various strategic business development tools in order to improve strategic business planning towards `Business Excellence`. The student participates in the contact lessons rather passively and shows vague analytical, reflective and critical approach in all his/her activities. The student has challenges in performing the assignments according to the instructions.

Poor (1)

The student has vague knowledge of strategic management as well as of management accounting which aims at competitive and profitable business performance of a tourism SME in a responsible way. The student needs a lot of assistance in performing profitability planning, budgeting and investment calculations and has limited skills to read and analyse financial statements. The student has manifold difficulties to apply various strategic business development tools in order to improve strategic business planning towards `Business Excellence`. The student participates in the contact lessons very passively and has no analytical, reflective and critical approach in all his/her activities. The student has many challenges in performing the assignments according to the instructions.

Fail (0)

The student does not complete the assignments according to instructions or does not attend the learning situations at all. He/she does not pass the assignments and/or the exam as required.

These are the general assessment criteria. Please note that there might be more specific assessment criteria for learning assignments which will be given at the beginning of the study unit.

 
Pedagogical arrangements
  • lectures and visiting lectures
  • destination and company visits (commissioner)
  • teamwork and independent work
  • workshops e.g. Image of Futures
  • reaction paper * presentation seminar
  • management accounting exercises
  • Moodle tests and exam
  • tutoring

Material

Learning materials will be announced in the beginning of the study unit

Content

Contents are

  • basics of strategic management process
  • role of foresight, total quality management and corporate social responsibility in strategic planning as part of responsible business
  • various strategic business development tools e.g. Images of Future, Business Model Canvas (BMC) and Balanced Score Card (BSC) to the long-term business planning from the perspective of the experience economy
  • analysis of financial statements and operations of a company in order to produce information for strategic and operational decisions
  • deep knowledge in management accounting e.g. profitability planning, budgeting and investment calculations
  • basics of acquiring (external) funding
Assessment

The list of various learning tasks and pedagogical methods of the study unit and the whole semester is given as a separate table.

More detailed assessment for the tasks are given in the beginning of the study unit.

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