The Defence White Paper sets out a comprehensive, responsible long term plan for Australiaâs defence. The Government is investing in Defence to ensure that we have the armed forces we need to protect Australia and to secure our interests in the coming decades.
Defining the boundaries of the firm - the limit to its scope - is critical to crafting the corporate portfolio. At the extreme this determines which businesses to enter and exit, and the extent of vertical integration in the firm. More generally this requires developing a portfolio that is robust to changes in the external environment. This module delves into scope choices in a wide variety of settings, from large and global organizations to start-ups, from wine producers to media and technology. The module concludes with a series of case on corporate transformation, highlighting the challenge of realigning resources, organizational structure and scope to face a constantly evolving competitive landscape.
The plans in this Defence White Paper have been cost-assured and externally validated. Australiaâs defence strategy and capability plans have been aligned with funding. These plans are affordable and achievable.
Building on the RC module on Corporate Strategy, the course identifies valuable resources (popularly, but incorrectly, termed core competences) that can function as the "Mickey Mouse" that adds value to the corporate portfolio. By studying different strategies at firms like Danaher and Clorox, it introduces a continuum, ranging from conglomerates and private equity firms to tightly related corporate entities and startups, and demonstrates that the same logic of "better off" and "ownership" tests applies to every effective corporate strategy. This logic can be captured in a company's statement of its objective, scope and corporate advantage.