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Faculty of Management
Business Strategy and Finance
UNIT HANDBOOK
2015 2016 Autumn Cohort
Unit Tutor:
Sean Beer
Teaching Team:
Morris DCruz
Nick Rowles
Jeff Sadd
Ed Williams
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Contents
Message from your tutors.............................................................................................3
Contact details..............................................................................................................5
Unit Aim.........................................................................................................................6
Learning outcomes.......................................................................................................6
Learning environment...................................................................................................7
Indicative content..........................................................................................................7
Indicative Timetable......................................................................................................9
Assessment strategy..................................................................................................10
Assignment brief 1......................................................................................................12
Assignment brief 2......................................................................................................17
Appendices.................................................................................................................19
Level M Generic Assessment Criteria.....................................................................20
Assignment 1 cover sheet.......................................................................................23
Assignment 2 cover sheet.......................................................................................24
Company proposal form..........................................................................................25
Suggested Format for Group Meeting Action Plan & Progress monitoring Form...27
Group work: what you can do if there are problems within your group..................28
Unit resources.........................................................................................................30
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Contact details
Sean Beer
Office:
E-mail:
Office:
E-mail:
Office:
E-mail:
Office:
E-mail:
Office:
E-mail:
williamse@bournemouth.ac.uk
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Unit Aim
The aim of this Unit is for students to develop an understanding of the foundations of
strategic analysis, choice and the implementation strategies that usually tie into an
organisations business decisions (Private, Public and Third Sector). This includes a
study of Corporate Finance in terms of an organisations sources of finance,
reporting and the interpretation of financial data that is fundamental to the broader
understanding of the dynamics of the tourism, hospitality and leisure sectors.
Learning outcomes
Having completed this Unit, the student is expected to:
1 Demonstrate a critical understanding of each of the following areas and be
able to explore, evaluate and apply them to a variety of organisational issues.
a. Strategic Management
b. Business Planning
c. Financial Reporting, Appraisal and Investment Issues;
2 Demonstrate higher-level skills in relation to organisational strategy
formulation, application, and the planning and implementation of strategic
decisions within an ethical or regulatory framework;
3 Understand the process of financial reporting and capital investment
appraisal, and be able to effectively measure and monitor the financial
performance of organisations;
4 Demonstrate an ability to arrive at strategic and financial decisions in
unpredictable contexts and provide innovative, appropriate and incremental
solutions to strategic problems.
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Learning environment
Students will experience a parallel programme of lectures, tutorials and action
learning sets looking at strategic and financial topics. Students will be required to
undertake a range of preparatory reading and other activities prior to or following on
from each weeks classes. This unit involves a considerable amount of self-study.
Indicative content
It is not intended that the indicative content sections be read as material to be
attempted on a sequential basis but rather that it be integrated to reflect business
practice.
1. Strategic Management
2. Business Planning
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Strategic and financial analysis methods for assessing the feasibility and
acceptability of investment decisions.
4. Management ethics
1. The role of corporate governance and corporate social responsibility on
management decision making.
5. Critical thinking
One of the most important skills you will need to learn as a Masters student,
whatever your discipline, is the ability to think critically and objectively about an issue
and to present a well-constructed argument. Critical and analytical-thinking skills
such as these will be essential to most aspects of your study, whether you are
listening to lectures, contributing to seminars, or reading about your subject. Here,
we will be focusing mainly on critical analysis for written work, as nothing gains or
loses marks more for most student assignments than the quality of your written
argument. Some rules to consider are:
The second rule is: Gather the evidence, analyse and evaluate: engage in
debate with yourself and others.
The third rule is: Bring together the information, a Synthesis or crystallisation
of the ideas from your analysis and evaluation. This gives rise to your answer
to the question.
The fourth rule: Consider how youll present this to other people.
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Indicative Timetable
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Assessment strategy
Summative Assessment
All ILOs will be assessed through 100% coursework, which comprises of:
Assignment 1: a group report (50%) and
Assignment 2: an individual essay (50%).
You are reminded of the Academic Regulations for the programme;
Submission of coursework
As per section 9.1 of the Standard Assessment Regulations: Postgraduate Taught
Programmes
9.1
Plagiarism
Plagiarism is the representation of another person's work as one's own or the use of
another person's work without acknowledgement. It is a serious academic offence
that is covered in the BU document, Academic Offences: Policy and Procedure for
Taught Awards. You have been briefed on what it is and how the University
approaches it. You should read the document and if you have any queries raise
these before you submit work.
https://www1.bournemouth.ac.uk/discover/library/using-library/how-guides/how-citereferences
Assignment brief 1
Faculty of Management
Assignment Briefing Sheet
Programme: Masters Framework
Level: M
Assignment Markers:
SB/NR/MDC/JS
Submission date:
Assignment 1- Group Report by Monday 14th December 2015.
In accordance with University regulations any coursework submitted after the due deadline will be regarded
as a late submission and will be awarded the appropriate mark.
Therefore if you are unable to submit your assignment on time due to medical or other mitigating
circumstances you must complete a Mitigating Circumstances form PRIOR to the deadline
and submit it to your Programme Leader for approval. Mitigating Circumstances forms are available from
your Programmes Administrator or on-line in the ST Students area of myBU.
Assignment 1
Title: Strategic analysis of a company (Group work report)
Rationale: Students are required to undertake a strategic analysis of a company
within a sector relevant to the Tourism/Hospitality/Events/Retail/Sport industries and
relevant to their pathway. The analysis should be submitted in management report
format.
Weighting: 50% of Unit
Learning Outcomes Assessed:
1. Demonstrate a critical understanding of each of the following areas and be able to
explore, evaluate and apply them to a variety of organisational issues.
a) Strategic Management
b) Business Planning
c) Financial Reporting, Appraisal and Investment Issues;
2. Demonstrate higher-level skills in relation to organisational strategy formulation,
application, and the planning and implementation of strategic decisions within an
ethical or regulatory framework;
3. Understand the process of financial reporting and capital investment appraisal,
and be able to effectively measure and monitor the financial performance of
organisations;
4. Demonstrate an ability to arrive at strategic and financial decisions in
unpredictable contexts and provide innovative, appropriate and incremental solutions
to strategic problems.
Submission requirements:
a) Written group report
The report should be of no less than between 9,000 and 11,000 for a group of
5 people. For each 100 words outside this, 5% will be deducted from the
report marks. This word count in this case is for the full report. The word
count should appear under the table of contents. Word count in this case
does not include tables of numbers. The main body text size of the report
should be 12 point typeface, 1.5 spacing.
The report will need to contain, as an appendix, comprehensive information
indicating how the group was managed. This must show how each
individual contributed to every section of the report. Failure to include
this will count as non-submission.
You will need to submit one copy of the group report as a single pdf file
submitted electronically on MyBU and one printed copy submitted via the
assignment boxes.
Your Group Number and company name must be included in all
correspondence and must appear on the cover of the report.
The report will only need one cover sheet, (not one for each person in the
group) please see appendices. This is in addition to the formal cover of your
report.
Briefing Detail: Assignment 1
Students are required to undertake a strategic analytical examination of a
company within a sector relevant to the Tourism/Hospitality/Events/Retail/Sport
industries and relevant to their pathway. The analysis should be submitted in report
format.
Students should take the role of 'market analysts' who are employed to provide a
corporate analysis / briefing for investors who have expressed an interest in
investing in the chosen company and sector. You are not required to be positive and
sell the company chosen unless you feel that this is appropriate. You are, however,
required to provide a balanced and objective analysis of its current and near term
future state and strategies.
The company will be selected by the group, but should normally conform to the
following criteria:
Students should have access to the company accounts and financial reports, the
company will therefore normally be publicly listed.
Students should be able to identify and gain access to materials from secondary
research only. You are not allowed to approach the companies directly or contact
them in any other way.
Materials should be of a corporate or strategic nature rather than of an
operational nature so as to allow for appropriate levels of analysis to take place.
The company does not have to be located or based in the UK however students
should ensure that, if they choose an international company, that they can fulfil the
criteria above.
Teams must be in self-selecting groups of 5 people. Given timescales and the
suitability of companies teams can research and analyse the same company but
they must do it independently.
Ideally companies should be commercial (for profit) companies whose shares are
listed on an organised and regulated market in some way, for example; on the main
London Stock Exchange or AIM, New York Stock Exchange or NASDAQ, etc. Dual
listed companies can be chosen but teams should be aware that where companies
are listed on several Stock Exchanges at once this can complicate the research and
subsequent analysis reporting significantly.
Unit Handbook: Business Strategy and Finance Autumn 2015
page 15
Companies chosen should from the Leisure industry sectors that you are studying
in this context this includes any companies operating broadly within Tourism,
Hospitality, Events, Sports, Retail and Leisure this includes associated industries
such as air transport, cruise shipping, brewing and gambling. If the team is in any
doubt as to the suitability of their choice they should speak to Morris, Sean, Jeff or
Nick first.
In order to ensure that these criteria are adhered to, each group will be required to email
a
Company
Proposal
Form
to
the
following
address:
sbeer@bournemouth.ac.uk. The form is attached as an appendix. Only the form
should be forwarded. You will be assigned a group number and this along with the
companys name should be used in all correspondence. Groups and companies
must be registered by the end of Wednesday 21 October. Failure to do so will
result in a 5% penalty. The proposal will be scrutinised by the lecturers concerned
and, where appropriate, confirmation of the lecturers agreement will be issued via email, normally within 5 days of receipt. You will also be assigned a tutor who will be
available to provide general guidance and help ensure that the group is working
effectively, ultimately though this is your responsibility. You can have up to 2 one
hour meetings with your tutor. You will need to provide a record of your meetings
and associated action plans (Sample form attached).
Disputes within the groups
All students within the group will normally receive the same mark for the report. In
the case of particular students not fulfilling their contribution; however, the lecturers
should be notified in writing by other members of the group when problems arise.
Any action taken as a result of these latter circumstances will only be considered
prior to the presentation and the submission date of the report. Appeals for
marks to be differently distributed will not be entertained after the submission of the
assignment as in submitting the assignment students are agreeing that
contributions within the group have been fair.
If there are problems with regard to the way that the group is working and the
contribution (academic and in terms of time, communication, attending meetings
etc.) then the group should discuss these with the tutor. If an individual or individuals
are not seen to be making an appropriate contribution then it may be necessary to
remove individuals from the group and assign them an individual assignment.
As some of you have not worked in groups before you will also be given the
opportunity for a meeting with Ed Williams who will be able to help you get to grips
with the idea of working in a group.
Where the company chosen does not conform to the above requirements or where
there is concern regarding any other aspect of the company or the material required,
members of the group will be informed and further discussion will take place with the
lecturers so as to ensure that the group has chosen an appropriate company.
Whereas some initial explanation and description of the company and sector might
be required, you should not merely be content to describe, rather, as the title
indicates, you should be able to provide an analytical insight into the company, its
markets and the surrounding environment etc. You are encouraged to access, use
and, most importantly, apply the academic theory covered in the syllabus.
Unit Handbook: Business Strategy and Finance Autumn 2015
page 16
These are areas that you might cover; however, this would not be a good
structure to use for the report!!
The group should also include their prediction (with justification) as to the likely near
term future of the sector and the company over a realistic and appropriate time
period.
You should, where appropriate, employ (or develop) analytical tools to assist in the
explanation and communication of the information. The above should be treated as
indicative of the content rather than definitive.
Assessment Criteria and Weightings: Assignment 1
Assessment category
Subject knowledge and understanding
Intellectual skills - including analysis, evaluation, and
critical judgement
Subject-specific skills - including applications and problem
solving
Transferable skills - including communication and
presentation
Within these weightings the University generic assessment
criteria will be applied. These are listed as an appendix.
Weighting
30%
30%
30%
10%
Assignment brief 2
School of Tourism
Assignment Briefing Sheet
Programme: Masters Framework
Level: M
Assignment Markers:
SB/NR/MDC/JS
In accordance with University regulations any coursework submitted after the due deadline will be regarded
as a late submission and will be awarded the appropriate mark.
Therefore if you are unable to submit your assignment on time due to medical or other mitigating
circumstances you must complete a Mitigating Circumstances form PRIOR to the deadline
and submit it to your Programme Leader for approval. Mitigating Circumstances forms are available from
your Programmes Administrator or on-line in the ST Students area of myBU.
Assignment 2
Title: Critical review of theory- individual assignment
You are required to write an academic Critical Review of one concept or theory of
strategy. You are free to consider any theory or concept used in strategy, but ensure
that it is relevant to strategy and not another area of study.
A critical review is a process of evaluating the worth of a concept; looking at an idea
in number of ways, such as from multiple positions, in an approach to examine its
legitimacy. In this way, you are attempting to explore the current state of
understanding about a strategic model or concept.
This is an academic piece of work it should use academic references and should
not be applied to your company in assignment 1.
A critical review looks at what academics judgements have been, synthesising a
range of insights to attempt to come to a point of understanding. You are not required
to make your own judgement, nor are you required to show your voice in the
assignment. You are the researcher pulling together different thoughts and strands
espoused by a range of academics. Therefore it should be written in the third
person. What you are required to do is evaluate the academic literature on this
theory.
A good critical review of this type deals with the world of ideas and questions and
asks why should we accept this model or theory? A poor critical review is
descriptive and has limited reference to judgements made by others about an idea or
concept and will tend to use real life examples. A critical review should have an
appropriate introduction, a coherent narrative, a conclusion and supporting
references.
You are required to submit a single pdf file electronically on MyBU and one printed
copy via the assignment boxes.
The word count is 2,250-2,750 words, including diagrams, appendices and
references. Please put diagrams and models in the main body of your text. For each
100 words outside this, 5% will be deducted from the report marks. This word count
is for the full review and should be indicated on the title page. The selected main
body text size of the report should be 12 point typeface, 1.5 spacing.
Assessment Criteria and Weightings: Assignment 2
Assessment category
Subject knowledge and understanding
Intellectual skills - including analysis, evaluation, and critical
judgement
Transferable skills - including communication and presentation
Within these weightings the University generic assessment criteria
will be applied. These are listed as an appendix.
Weighting
30%
60%
10%
Appendices
Performance criteria
Little or no evidence of factual and conceptual understanding of the
subject, as appropriate to this level. There will be little or no evidence
of extensive independent study and thinking, or of relevant
reading/research. The student will be clearly unable to work at the
forefront of theoretical understanding in their field of study.
No evidence of appropriate analysis. An inability to independently
critically analyse current research /knowledge. Unsubstantiated
opinions reflecting a lack of familiarity with key concepts.
No evidence of ability to demonstrate the synthesis of ideas and place
them within an appropriate context. No original ideas or insights
evident.
Unstructured and/or incoherent. Markedly poor English and /or
inappropriate style. Other presentational aspects, including citations
and bibliography may be incorrect or missing. May be seriously
deficient in quantity.
Variations within this mark range will generally relate to the adequacy of the approach to the
question, and the relative lack of understanding of the material, the paucity and weaknesses of
the arguments used, and the factual and conceptual inadequacies. This is likely to be coupled
with responses that are largely unrelated to the question and often limited in quantity.
Fail (40 - 49%)
Assessment category
Subject knowledge and
understanding
Performance criteria
Has been unable to develop in-depth knowledge, appropriate to this
level, across specialised and applied areas. There will be insufficient
evidence of extensive independent study and thinking. The student
will be unable to work at the forefront of theoretical understanding in
their field of study.
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Performance criteria
Has developed in-depth knowledge across specialised and applied
areas. There will be some evidence of extensive independent study
and thinking. The student will, at times, be working at, or their work
will be informed by, the forefront of theoretical understanding in their
field of study.
Performance criteria
Has developed a good in-depth knowledge across specialised and
applied areas. There will be clear evidence of extensive independent
study and thinking. The student will be working at, or their work will be
informed by, the forefront of theoretical understanding in their field of
study.
Can effectively communicate their work clearly to specialist and nonspecialist audiences. Able to present tightly structured, rigorous
arguments that show a high level of maturity appropriate to
postgraduate level.
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Performance Criteria
Has developed very good in-depth knowledge across specialised and
applied areas. There will be clear evidence of very extensive
independent study and thinking. The student will generally be working
at, or their work will be informed by, the forefront of theoretical
understanding in their field of study.
Can effectively communicate their work clearly to specialist and nonspecialist audiences. Able to present confident, tightly structured,
stimulating, and rigorous arguments that show a high level of maturity
appropriate to postgraduate level.
Performance Criteria
Has developed an exceptional in-depth knowledge across specialised
and applied areas. There will be clear evidence of very extensive
independent study and thinking. The student will generally be working
at, or their work will be demonstrably informed by, the forefront of
theoretical understanding in their field of study. Shows considerable
mastery of facts and concepts
Can effectively communicate their work clearly to specialist and nonspecialist audiences. Able to present exemplary, tightly structured,
highly stimulating, and rigorous arguments that are likely to be at the
limits of may be expected at this level.
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Faculty of Management
STRATEGIC ANALYSIS OF A COMPANY (Group work)
Level: M
Date Submitted:
Declaration:
I have read and understand the Universitys regulations on academic offences. I confirm that the piece of work
submitted is to be regarded as the final and complete version of this assignment. The work submitted is entirely my
own work or, where I have referred to the work of others, it is fully and appropriately referenced.
Signed:
Date:
Please note:
1. I understand that I am expected to keep a copy of all written or electronic coursework which is submitted for
assessment. The University uses a range of methods for detecting breaches of Regulations including the
use of plagiarism detection software. By submitting coursework for assessment I am deemed to have
accepted that my work may be scanned using such software.
2. I understand that the University may wish to use my work for future academic purposes in accordance with
University Regulations unless I specify in writing otherwise.
3. I understand that the mark awarded for this piece of work will be subject to ratification by the Assessment
Board.
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Faculty of Management
CRITICAL REVIEW OF THEORY - INDIVIDUAL
Group Number:
Student name:
Programme: Masters Framework
Level: M
Date Submitted:
Declaration:
I have read and understand the Universitys regulations on academic offences. I confirm that the piece of work
submitted is to be regarded as the final and complete version of this assignment. The work submitted is entirely my
own work or, where I have referred to the work of others, it is fully and appropriately referenced.
Signed:
Date:
Please note:
1. I understand that I am expected to keep a copy of all written or electronic coursework which is submitted for
assessment. The University uses a range of methods for detecting breaches of Regulations including the
use of plagiarism detection software. By submitting coursework for assessment I am deemed to have
accepted that my work may be scanned using such software.
2. I understand that the University may wish to use my work for future academic purposes in accordance with
University Regulations unless I specify in writing otherwise.
3. I understand that the mark awarded for this piece of work will be subject to ratification by the Assessment
Board.
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Will your group be able to gain access to company accounts and financial
reports?
Yes/No
If so, please give references using Bournemouth University Harvard
referencing.
Do you understand that you are not allowed to approach the companies
directly or contact them in any other way and will you abide by this
regulation?
Yes / No
Only the form should be forwarded. You will be assigned a group number and
this along with the companys name should be used in all correspondence.
The company proposal form will be scrutinised by your lecturers and, where
appropriate, confirmation of the lecturers agreement will be issued via e-mail,
normally within 5 days of receipt. You will be assigned a tutor who will be available
to provide supervisory support to the process. It is your role to ensure that the group
is working effectively.
Unit Handbook: Business Strategy and Finance Autumn 2015
page
You can have up to 2 one hour meetings with your tutor. You will need to provide a
record of your meetings and associated action plans as an appendix to your group
report. It is recommended that you bring it with you to your supervisory meetings.
As some of you have not worked in groups before you will also be given the
opportunity for a meeting with Ed Williams who will be able to help you get to grips
with the idea of working in a group.
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Suggested Format for Group Meeting Action Plan & Progress monitoring Form
Set out in landscape format and use it to record the progress of your meetings.
Meeting Item
Number
Detail
Action required
By whom When
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Result
Group work: what you can do if there are problems within your group
Group work is important during academic study and an inevitable part of your future
working life. You will find advice on good group work practice on myBU under the
academic skills tab. We will also offer guidance in seminars on appropriate units. It is
your responsibility to manage group work responsibilities and processes. However,
there are occasions when group work is difficult for students to manage and this
protocol is designed to help you resolve problems through issuing warnings.
Examples of issues that might require a warning are given on the next page.
Warning Protocol
Warning 1
Warning 2
Warning 3
Warning 4
It is vital that you try to resolve issues early during the course of group work. If a
lecturer is alerted to a problem close to when an assignment is due to be submitted,
with no record of the issues, they will not be able to help as it is too late in the
process.
The following are examples of issues that may require a warning:
Attending meetings at agreed times
It is vital to agree the time, duration and place of all meetings.
You should not expect others to attend meetings at short notice, sudden change of
venue or if they have not had a chance to agree to attend.
Unit Handbook: Business Strategy and Finance Autumn 2015
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You should make every effort to attend meetings and should not cancel at short
notice.
Warning alerts: a student fails to attend an agreed meeting; the group fails to advise
you of a meeting time or place; meetings are repeatedly rescheduled; a student
repeatedly advises the group they cannot attend; a student does not attend for the
duration of the meeting
Respecting the views of others
Everyone has the right to contribute.
If a group member is not given the opportunity to contribute then you may be at fault.
You should respect the views of other group members.
Warning alerts: a students input is ignored; a student expresses his/her views about
a colleague in an inappropriate manner (eg rude, angry); a student expresses
inappropriate views to an external client
Completing tasks to schedule to the best of your ability
Groups will include less able members. Their contribution is still important.
You should submit work to the group at the agreed time, even if you are not happy
with the standard.
Warning alerts: a student fails to submit work to the group by the agreed deadline; a
student rejects another students contribution to the group work
Supporting other group members and sharing responsibility
A task may prove larger than anticipated. Other group members should be prepared
to help.
It is every group members responsibility to actively contribute to the group
performance and not just wait for other members to give them tasks.
Warning alerts: a task takes longer than anticipated to complete and other students
are not prepared to help; one or more students take on more than their fair share of
work and other students ignore the problem; a student or students are not being
proactive and are waiting to be told what to do by another group member.
Ultimately it may be necessary to remove individuals from the group and assign
them an individual assignment which would normally consist of a report of 5,000
words.
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Unit resources
Key Texts
Arnold, G., 2005. Corporate Finance Management. London: FT Prentice Hall.
Balogun, J., Hope Hailey, V., Johnson, G. and Scholes, K., 2008. Exploring Strategic
Change. London: Prentice Hall.
Cadbury A., 2002. Corporate Governance and Chairmanship: A personal view.
Oxford: Oxford University Press.
Coulter, M., 2005. Strategic Management in Action. 3rd ed. Upper Saddle River:
Pearson Education Inc.
De Wit, B. and Meyer, R., 2004. Strategy: Process, Content, Context: An
International Perspective. 3rd ed. Andover: Cengage Learning EMEA.
Evans, N., Campbell, D. and Stonehouse, G., 2002. Strategic Management for
Travel and Tourism. Oxford: Butterworth Heinemann.
Johnson, G., Whittington R. and Scholes, K., 2010. Exploring Strategy Text & Cases
Plus MyStrategyLab: Text and Cases. London: Prentice Hall.
Lynch, R. ,2005. Corporate Strategy. 4th ed. London: Financial Times/Prentice Hall.
McGee, J., Thomas, H. and Wilson, D., 2010. Strategy- Analysis & Practice. 2nd ed.
Maidenhead: McGraw-Hill Education.
McLaney, E. and Atrill, P., 2004. Accounting an Introduction. 3rd ed. London: FT
Prentice Hall.
Porter, M.E., 2004. Competitive Advantage. New York: Free Press.
Thompson, J. and Martin, F., 2005. Strategic Management- Awareness and Change.
5th ed. London: Thomson Learning.
Watson, D., and Head, A., 2006. Corporate Finance- Principles & Practice. 4th ed.
London: FT Prentice Hall.
Journals
All journals relating to strategy, strategic management, financial analysis, corporate
governance, ethics, corporate social responsibility and the leisure sector industries
of tourism, hospitality, events, sports and leisure.
Business magazines such as The Economist and Business Week; Financial
Sections of National UK newspapers and Industry or sector specific periodicals.
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Web-based sources
Financial based websites such as Financial Times, BBC.co.uk/Business and FAME.
Full company reports including Financial/Investor sections accessed from Public
Limited Company websites, other data bases such as Amadeus, Google Finance,
Yahoo Finance and Bloomberg.
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