In this module you'll critically explore the diverse ways organisations create, sustain and expand value. It provides the latest theories of value creation, allowing you to practically engage with them across several business functions and a range of organisations. By examining the operations and finance functions, you'll uncover the link between decision making and performance. Business intelligence is used to demonstrate how managers can enhance a firm's value using data and analytics. It also reveals new types of value creation, centring on collaboration, ecological sustainability, employee welfare and overall public good. The use of a game-based learning approach provides a compelling framework to consolidate, reflect, and expand on the knowledge you'll acquire. Overall, this module offers an interdisciplinary lens to investigate how organisations can create and sustain value in an increasingly complex and dynamic business environment, driven by economic, environmental and social concerns.
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02 May 2020 |
Oct 2020 |
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Registration closes 16/04/20 (places subject to availability) Click to register
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07 Nov 2020 |
Apr 2021 |
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Registration closes 15/10/20 (places subject to availability) Click to register
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01 May 2021 |
Oct 2021 |
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Registration closes 15/04/21 (places subject to availability) Click to register
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This module is expected to start for the last time in November 2026.
What you will study
This module will enable you to develop the independent research and online collaborative skills necessary to critically explore and understand your own organisation’s infrastructure, and to provide the tools and practices for analysing information, so that decisions and performance can be optimized. You'll explore the theoretical and practical connections between three distinct yet closely-interrelated fields of study: Business Intelligence, Operations Management and Financial Management. The concept of understanding, creating, improving and sustaining value is central to the module and runs through all four units that comprise the module.
Ιn Unit 1 introduction to value, you'll be introduced to and work through the core themes of the module; creating and sustaining value, operations management, financial management and business intelligence. You'll learn about and discuss the concepts of value and value creation and be asked to reflect on why businesses exist and how they create and sustain value. You'll then explore the core concepts of the three perspectives from which the value creation process will be discussed. This will enable you to actively participate in, and contribute to, the activities and discussion in subsequent units.
Unit 2: Understanding the value proposition ‘as-is’ introduces you to working through a process-driven perspective on creating and sustaining value. You'll identify and critique the core organisational processes of identifying target markets, generating revenue, incurring expenditure, as well as the importance of coordinating those activities. Consistent focus is on organisational processes that create and sustain value, the ways that managers can exploit relevant economic opportunities, and the ways that managers can control the strategic, financial and market risks entailed in organisational processes.
Unit 3: Improving the value proposition explains the process of improving the value proposition and helps you to understand how your organisation could be developed further. Business Intelligence can enable the improvement of the process of production and the redesign of business operations in the production of goods or services. Performance management and lean management will be explored using a simulation game. A discussion will follow on how Business Intelligence can provide an impact in the organisation.
Unit 4: Creating value in the future invites you to explore some of the major trends, challenges and dilemmas in “futures” of value. Following up from unit 3 discussions on performance management, this unit endeavours to explicate the relationship between data-value-performance. Some of the most popular organisational models will be challenged against their ability to accommodate the dynamics of such relationships.
The module comprises 19 study weeks. You will be required to study between 12 and 15 hours per week for six months.
Vocational relevance
The module is designed for professionals from a wide range of contexts and backgrounds who need to actively to engage with the challenges of contemporary management, to develop their management skills and knowledge of management frameworks, theories and tools and to use these appropriately in order to make a real difference in their own practice.
Entry
This module is the second module in our Open University Business School masters degree programme. It can be studied alongside the first module Managing in a changing world (B870) if you wish to study at a higher intensity and complete your MBA qualification within two years. Normally, to register for this module you must have a UK honours degree or equivalent professional qualification, and a minimum of three years’ experience in a managerial, professional or technical role.
If you're an experienced manager, who does not meet the academic requirement, you can be accepted if you hold the Professional Certificate in Management (S01) (previously coded C31). This is now discontinued.
If you have the equivalent of a UK bachelors degree without honours you may be permitted to progress on to the MBA or other masters qualification by taking Managing 1: organisations and people (B628). Alternatively if you have an official Graduate Management Admission Test (GMAT) score of 640 or above, and the equivalent of a UK bachelors degree, you will be allowed to progress directly on to the MBA. If you think either of these possibilities may apply to you, please speak to an adviser.
You will also need an appropriate facility in English language, sufficient to be able to work effectively at postgraduate level; generally this means capability equivalent to an International English Language Test System (IELTS) score of 6.5. To assess your English language skills in relation to your proposed studies you can visit the IELTS website. If you are unsure whether your skill level in English is adequate you may find it helpful to look at our Skills for OU Study site.
Qualifications
B872 is a compulsory module in our:
B872 is an optional module in our:
In certain circumstances this module can also count towards D37, D64, F11 and F72, which are no longer available to new students.
Excluded combinations
Sometimes you will not be able to count a module towards a qualification if you have already taken another module with similar content. To check any excluded combinations relating to this module, visit our excluded combination finder or check with an advisor before registering.
If you have a disability
Elements of this module are delivered online and include the use of real-time online discussions and an interactive whiteboard space, so time spent using a computer and the internet will be extensive. If you use assistive technology or have a hearing or speech impairment and have concerns about accessing this type of virtual environment and materials you can visit the system provider's website for information and contact The Open University to discuss it further before registering.
Written transcripts of any audio components and Adobe Portable Document Format (PDF) versions of printed material are available. Some Adobe PDF components may not be available or fully accessible using a screen reader. Alternative formats of the study materials may be available in the future.
To find out more about what kind of support and adjustments might be available, contact us or visit our Disability support website.
Study materials
What's included
You'll have access to university library, an extensive variety of media resources (print and online) specially written and designed for this module, audio-visual material, published articles, case-studies and a set of interactive tools to help you develop your management thinking abilities.
Computing requirements
A computing device with a browser and broadband internet access is required for this module. Any modern browser will be suitable for most computer activities. Functionality may be limited on mobile devices.
Any additional software will be provided, or is generally freely available. However, some activities may have more specific requirements. For this reason, you will need to be able to install and run additional software on a device that meets the requirements below.
A desktop or laptop computer with either an up-to-date version of Windows or macOS.
The screen of the device must have a resolution of at least 1024 pixels horizontally and 768 pixels vertically.
To join in the spoken conversation in our online rooms we recommend a headset (headphones or earphones with an integrated microphone).
Our Skills for OU study website has further information including computing skills for study, computer security, acquiring a computer and Microsoft software offers for students.
Teaching and assessment
Support from your tutor
Your learning takes place within a tutor-facilitated group of approximately 20 students. Your tutor provides individual tuition, professional advice and support, mentoring, assessment and regular feedback on your performance throughout the module. You'll learn by working with your group and individually online in structured activities. These are supported by a wide range of resources including specially designed books, a world-class online library and face-to-face opportunities. Activities generally require online participation over two to six week periods and contribute to your reflective practice and your assessment.
Contact us if you want to know more about study with The Open University before you register.
Assessment
The assessment details can be found in the facts box above.
You must use the online eTMA system to submit your tutor-marked assignments (TMAs).
Tutor-marked assignments are scheduled at regular intervals (approximately every six weeks) throughout the module and are based on the work you do during the relevant block. Extensive guidance is given on all assignments submitted.
Students also studied
Students who studied this module also studied at some time:
Future availability
Creating and sustaining value starts twice a year, in May and November. This page describes the module that will start in November 2019 and May 2020. We expect it to start for the last time in November 2026.
How to register
To register a place on this module return to the top of the page and use the Click to register button.
Regulations
As a student of The Open University, you should be aware of the content of the academic regulations which are available on our
Student Policies and Regulations website.