The document outlines the application of strategic management skills within an organization, detailing various components such as the strategic management process, environmental analysis, corporate strategies, and corporate governance. It emphasizes the importance of these skills in enhancing organizational performance and achieving competitive advantages. Additionally, it includes assessment methods, learning materials, and references for further reading.
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Course Contents - Strategic Management
The document outlines the application of strategic management skills within an organization, detailing various components such as the strategic management process, environmental analysis, corporate strategies, and corporate governance. It emphasizes the importance of these skills in enhancing organizational performance and achieving competitive advantages. Additionally, it includes assessment methods, learning materials, and references for further reading.
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4.3 Apply strategic management skills to perform 4.3.
1 Use strategic management skills to perform duties in an
duties in an organization organization 4.3.2 Apply strategic management process model in an organization operation 4.3.3 Use environmental analysis models to enhence organizational performance 4.3.4 Use Corporate strategies to perform accounting duties 4.3.5 Apply Business-level strategies to determine competitive advantages of the firm 4.3.6 Use Business Portfolio Analysis techniques in business operations 4.3.7 Apply corporate governance, ethics and corporate social responsibility principles in an organization
4.3.1 Use strategic a) Explain strategy Strategic • Written test • Question
management (meaning, evolution and management • Assignment paper skills to importance) skills are • Written • Marking perform duties b) Explain the relationship properly used examination scheme in an between business to perform • Case study • Assignment organization strategy with military duties in an • Demonstrate report strategy organization performance • Model c) Explain strategic answers management (meaning, nature and evolution (Dynamic view), features and benefits) d) Describe the components of strategic management e) Explain the levels of strategy (Corporate, Business and Functional) 4.3.2 Apply a) Identify components of Strategic • Written test • Question strategic strategic management management • Assignment paper management b) Explain key concepts in process model • Written • Marking process model strategic management( is properly examination scheme in an vision, mission, applied in an • Demonstrate • Assignment organization competitive advantage, organization performance report operations objectives, policies and operations • Case study • Model capabilities) answers c) Identify strategy • Checklist formulation d) Implement strategy (meaning, key players in the implementation process, role of key players in the strategy implementation process, features for effective strategy implementation and challenges of strategy implementation) e) Assess strategy evaluation and monitoring(meaning, reasons, process, benefits for strategy evaluation and factors for effective strategy evaluation) f) Explain concept of Porter’s Generic Strategies(Cost Leadership, Differentiation, Focus, Cost Focus and Differentiation Focus) 4.3.3 Use a) Explain environmental Environmental • Written test • Question environmental analysis/scanning analysis • Assignment paper analysis b) Assess Macro models are • Written • Marking models to Environment by using properly used examination scheme enhence PESTEL(Meaning, to enhence • Demonstrate • Assignment organizational Significance, limitations) organizational performance report performance c) Scan Internal performance • Case study • Model Environment by using answers (SWOC) • Checklist d) Assess Competitive Environment by using Porter’s Five Forces Model
4.3.4 Use Corporate a) Explain corporate Corporate • Written test • Question
strategies to strategy strategies are • Assignment paper perform b) Explain Vertical properly used • Written • Marking accounting Integration to perform examination scheme duties Strategy(meaning, accounting • Role playing • Assignment theories, value, merits, duties report challenges and • Checklist implementation process- organization structure, management controls and compensation policies) c) Identify Corporate Diversification strategy(meaning, value, types, competitive advantage and implementation process) d) Assess Strategic Alliances(meaning, value creation, threats and implementation process- explicit contracts and legal sanctions, equity investments, firm reputations, joint venture and Trust) e) Describe Mergers and Acquisitions strategy (meaning, objectives, value, implementation process and challenges) f) Assess International Strategies (meaning, Value, objectives, g) Asses objectives of International Strategies( gain access to low cost factors of production, to develop new core competencies, to leverage current core competencies in new ways and to manage corporate risks) h) Explain the local responsiveness(financial and political risks in pursuing international strategies) 4.3.5 Apply a) Explain business level Business-level • Written test • Question Business-level strategy strategies are • Assignment paper strategies to b) Explain Cost Leadership properly • Written • Marking determine strategy applied to examination scheme competitive c) Relate cost leadership determine • Demonstrate • Assignment advantages of with Threats(Entry, competitive performance report the firm Substitutes, Rivalry, advantages of • Case study • Model Powerful suppliers and the firm answers Powerful buyers) • Checklist d) Assess Cost leadership and Sustained competitive advantage e) Assess implementation of Cost leadership strategy( organization structure, management controls and compensation policies) f) Explain Product differentiation Strategy g) Illustrate product differentiation(meaning, bases, implementation, merits and demerits) h) Develop product using location base 4.3.6 Use Business a) Explain Portfolio Portfolio • Written test • Question Portfolio analysis( meaning Analysis • Assignment paper Analysis advantages and techniques are • Written • Marking techniques in limitations) properly examination scheme business b) Assess The BCG employed in operations Growth- Share Matrix(meaning, business • Demonstrate • Assignment operations, advantages operations performance report and criticisms ) • Case study • Model c) Assess the GE Business answers Screen (meaning, • Checklist operations, advantages and criticisms ) d) Assess the International Portfolio Analysis (meaning, operations, advantages and criticisms ) 4.3.7 Apply a) Explain corporate Corporate • Written test • Question corporate governance(meaning and governance, • Assignment paper governance, rationale) ethics and • Written • Marking ethics and b) Assess the Agency theory corporate examination scheme corporate versus Stewardship social • Case study • Assignment social theory in Corporate responsibility report responsibility governance principles are • Model principles in c) Examine the properly answers an responsibilities of top applied in an organization management organization d) Explain corporate social responsibilities(meaning, nature, benefits and challenges) e) Explain dimensions of social responsibility(economic, legal, ethical and voluntary/discriminatory) f) Examine approaches to corporate social responsibility g) Explain the need/importance of Corporate Social responsibility h) Explain concept of business ethics(meaning, principles, approaches, influential factors and importance)
13.10.1 Code: GSG 09101
13.10.2 Number of Credits: 12
13.10.3 Name: Strategic Management
4.3.1 Use strategic management skills to perform duties in an organization
4.3.2 Apply strategic management process model in an organization operation 4.3.3 Use environmental analysis models to enhence organizational performance 4.3.4 Use Corporate strategies to perform accounting duties 4.3.5 Apply Business-level strategies to determine competitive advantages of the firm 4.3.6 Use Business Portfolio Analysis techniques in business operations 4.3.7 Apply corporate governance, ethics and corporate social responsibility principles in an organization
13.10.4 Sub Enabling outcomes:
13.10.5 Pre-requisite Modules: None
13.10.6 Learning Context: Lecture, Group discussions, demonstrations, and seminars.
13.10.7 Learning Materials: Textbooks, journals, internet, manuals, and handouts.
13.10.8 Integrated Method of Assessment:
Continuous Assessment: 50%
Semester Examination: 50%
13.10.9 References:
Required reading:
1. Dess G, G, Mc Namara G, Eisner A.B and Lee S (2019); Strategic Management:
Text and Cases 9th Edition, McGraw-Hill Education, United States of America 2. George, J. et al., (2015), Global Strategic Management, 3rd Edition. Oxford University Publication. 3. Griffin, R.W., (2013), Fundamentals of Management, 7th Edition, Engage learning. 4. Mujtaba, B.G., (2013), Managerial Skills and Practice for Global leadership, Ilead Academy 5. Sehein, E.H., (2010), Organizational Culture and Leadership, 4th Edition, Jessey – Bass. Recommended readings: 1. Welch, D., (2015), Leadership Skills and Leadership Qualities Required leading effectively, creating Space. 2. Tony, M. (2004), Principles of Management, 2nd Edition, Ashagat. 3. Jones, G. (2006), Organization Theory, Design and Change, 5th Edition, Prentice- Hall 4. David Forest, R & David Fred, R. (2016), Strategic Management: A Competitive Advantage Approach, Concepts, and Cases, 16th Edition Pearson Higher Education 5. Shields, J., Brown, M., et al., (2016), Managing Employee performance & Reward; Concept and Practice, 3rd Edition, Cambridge University Press.