BUSS1000: Future of Business
Week 1 Welcome Lecture
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Discipline of International Business
The University of 1
Overview and introduction
Setting the scene Megatrends Wicked Problems
Key points from today
The University of 2
Overview and introduction
Course details
The University of 3
Joe (Joseph) Boulis
– From the Discipline of International Business,
– BUSS1000 Unit Coordinator for,
– Grew up in in sunny Sydney,
– Worked in corporates for many years, both locally and globally, in various roles,
– Founded and managed my own consulting business for nearly 3 years,
– Then I started teaching at USYD !
– Afterwards, I got involved with a team developing and launching a new unit BUSS1000
– And here we are … The University of 4
What is BUSS1000?
The University of 5
BUSS1000 serves to be the foundation for both your time at University and your career.
The course has been designed to help you start developing the key graduate qualities demanded by employers.
Key information
– Reading List (no textbook)
– Announcements
– Ed discussion board
– Assessment
– Assignments
– Unit of study outline
– https://www.sydney.edu.au/units/BUSS1000/2022-S2C-ND-CC – https://www.sydney.edu.au/units/BUSS1000/2022-S2C-ND-RE
The University of 6
Key information (contd.)
– BUSS1000isstructuredinto13differentmodulestocoverin13weeks
– We have released modules for Week 1 to Week 5, that is Part 1 “Frameworks and Theories”,
– How to study this unit (module 1.2)
– DoIknowtheorganizationofthecontent?
– Assessment (module 1.4)
– Do I know the assessment criteria?
– Our teaching team and their contacts (module 1.5) – How to contact your tutor?
– Learning support (module 1.6)
– Your tutorial (module 1.11)
The University of 7
How to prepare for BUSS1000
The University of 8
– Go through (before your tutorial)
– Reading materials,
– Online content (or recorded lecture),
– Read and analyse case study
– Make personal note,
– Createyourownanswerforthe discussion questions,
– Come to the tutorial
– Actively participate,
– Listen to others,
– Debate and discuss,
– Spend 10mins (after tutorial) and write 5 key takeaways from the week !
Academic Honesty
The University of 9
– Due Week 4 – Mandatory
Overview and introduction
Expectations
The University of 10
How to succeed in BUSS1000
Success in this unit is determined by:
1. The ability to demonstrate business knowledge and problem solving skills
2. Strong application of critical, strategic and cross-disciplinary thinking
3. Effective written and oral communication
This means there are three distinct things which you need to develop.
Studying and remembering ‘the stuff’ is only the start …
The University of 11
Assessments
The University of 12
Source: Bloom’s Taxonomy (2017)
Lectures + Readings
Some tips on how to succeed in BUS1000
– Start with studying notes and remembering material
– Practice critical thinking
§ What does this theory mean? § Why does it exist?
§ How do I use it?
§ What are the issues with it?
– Practice writing
§ Writing is an iterative process
§ Your first draft shouldn’t be your last draft
§ Sit down, get all your ideas on the page then finesse and sculpt later
The University of 13
What you can expect from this class
The University of 14
This class, and many of your University classes, will ask you to think in new ways and in many ways learn to learn.
At times, this can be confusing or even frustrating.
This might be understanding a concept, how to reference, or even how to read a rubric.
But remember!
– This is a first year University course
– We know how much of a shift this is for you
– We’ve designed it to make it something you can do
– We’ve designed it closely with students
– We don’t expect you to know it all
– Its OK to say “I don’t know”
– Remember that everyone is starting at the same place
– We want to help you succeed!
– We want you to do well, and we want you to be happy.
– So if you are ever stuck, confused, or frustrated – come and see us.
The University of 15
Setting the scene
Megatrends
The University of 16
What are megatrends?
Megatrends, according to the terms founder, , are large, transformative processes with ‘global reach, broad scope, and a fundamental and dramatic impact’ (“Introduction,” 2017).
The University of 17
What are megatrends?
MEGATRENDS
Six specific megatrends that we are discussing this year
1. Impactful technologies 2. Resource Security
3. Evolving Communities 4. Rapid Urbanization
5. Economic Power Shift 6. Empowered Individuals
The University of 18
sbi.sydney.edu.au
The University of more information: www.sbi.sydney.edu.au Page 19
Megatrends that we will focus on
The University of 20
– Australian and Global levels
– Direct linkages to the Wicked Problems
(and some overlap)
– We will have weeks focussing on each of these
Why are we talking about Megatrends?
The University of 21
– For business, and in turn you, these represent
§ Challenges
§ Opportunities
– These megatrends will define the world
– We don’t know what the world will look like in 50 years
§ However, we do know what Megatrends are shaping our world
§ So that’s where we are going to start…
Setting the scene
Wicked Problems
The University of 22
What are Wicked Problems?
– Complex social and policy problems
– “The term ‘wicked’ in this context is used, not in the sense of evil, but rather as an issue highly resistant to resolution.”
– Wicked problems are different to Megatrends, but are in many ways products of Megatrends
– You can tame wicked problems, but can not solve
The University of 23
What are Wicked Problems? (examples)
The University of 24
– Clean water shortages – Food shortages
– Youth unemployment
– Population growth
– Climate change – Inequality
– Global security
Five key characteristics of wicked problem
– The problem involves many stakeholders with different values and priorities
– The issue’s roots are complex and tangled
– The problem is difficult to come to grips with and changes with every attempt to address it
– The challenge has no precedent
– There is nothing to indicate the right answer to the problem
The University of 25
How are businesses tackling wicked problems?
– Fairly specific problems
– Many organisations ‘out there’ that look to solve these wicked problems
§ Climate Action Network of Australia,
§ Bill and Melinda Gates Foundation and other philanthropic foundations,
§ Renewable energy, batteries, electric vehicles, etc.
The University of 26
Construction underway of large battery on Victoria’s Mornington Peninsula. Maoneng
The limitations of talking about Wicked Problems
– They are complex and big – but they are a fixed target
– Governments, individuals and organizations work to solve these problems
– Typically, focussed on one
– We have to remember that these wicked problems are each
one manifestation of bigger social trends and shifts
– Soweneedawayof conceptualizing these bigger social trends and shifts …
The University of 27
Online Peer Assisted Study Sessions – PASS
International Award-Winning Program
You learn from our VERY best students in PASS, top-achieving, experienced students help you- these students are most often our TOP BUSINESS SCHOOL students
The online environment in PASS is relaxed and friendly
You decide what goes on in PASS bring the questions you have about your coursework
& the group will work together to solve the problems
In PASS, you talk about the material and solve problems interactively PASS is confidential what happens in PASS stays in PASS
REGISTRATIONS OPEN IN WEEK 1
https://sydney.edu.au/students/pass/eligibility-registration.html
Get in quick before places run out!
The University of 28
BUSS1000 Tutorials start from Week 1 – August 1
The University of 29
Don’t forget…you will succeed…provided!
The University of 30
Key points from today
The University of 31
What have learnt?
– Background of BUSS1000 (core unit in UG program),
– Available resources,
– How to prepare for BUSS1000, AND
– Megatrends and wicked problems.
The University of 32
What should I do now?
– Remember that we are here to help you succeed,
– Familiarize yourself with Canvas,
– Read through the Unit of Study Outline,
– Reading list,
– Enter due dates on calendars,
– If you have any questions, start from the top of the following:
1. Talk to your Tutor (during the tutorial session),
2. Schedule a one-on-one consultation time with your tutor,
3. Postyourquerieson“Ed”(thediscussionforum),and
4. Email me on:
The University of 33
Thank you!
That’s all for today
The University of 34
References
– Bloom’s Taxonomy. (2018). . Retrieved 2 March 2018, from https://cft.vanderbilt.edu/guides-sub-pages/blooms-taxonomy/
– Tackling wicked problems : A public policy perspective – APSC. (2017). Apsc.gov.au. Retrieved 4 March 2017, from http://www.apsc.gov.au/publications-and- media/archive/publications-archive/tackling-wicked-problems
– Introduction | Insight. (2017). Sbi.sydney.edu.au. Retrieved 2 March 2018, from http://sbi.sydney.edu.au/megatrends/introduction/
– (2017). S3.amazonaws.com. Retrieved 28 July 2017, from http://s3.amazonaws.com/dldwebsite-production/black_and_white_avatars/john- naisbitt/pulse/naisbitt-profile.jpg
The University of 35
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