Business Essentials (BUSA90532)

Graduate courseworkPoints: 25On Campus (Parkville)

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Overview

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This subject provides you with a foundation that is essential to be an effective business executive. After completing this subject, you will have a clear understanding of the key areas that need to be managed effectively for a business to be successful, specifically leading and managing people, growing demand, managing operations, and managing financial sustainability. You will acquire many useful skills and techniques that will help you effectively manage those key areas. This subject will also provide you with essential skills for successfully completing more advanced subjects in the MBA program, which cover many more advanced topics that will help you become a better business leader.

Intended learning outcomes

On completion of this subject, students should be able to:

  • Recognise the interdependence between the firm and its broader economic and social context
  • Articulate and critically analyse a company's competitive environment, business model and competitive advantage
  • Identify key internal and external factors that need to be managed to successfully implement the firm's competitive strategy
  • Apply a set of essential management tools and frameworks to manage daily operations and make informed strategic decisions
  • Apply a set of essential techniques to effectively manage and lead teams
  • Demonstrate communication, personal and interpersonal skills for working effectively with small and large teams.

Generic skills

  • Critical thinking, analytical and problem-solving skills
  • Communication skills
  • Interpersonal and networking skills
  • Team working skills
  • Negotiation skills
  • Effective evidence-based decision-making skills
  • Organisational skills
  • Commercial awareness and business acumen.

Last updated: 4 March 2025