Strategic Management

Service Description

Course Outline: The Strategic Management course provides students with a comprehensive understanding of the processes and principles involved in developing, implementing, and evaluating strategies that drive organizational success. Students will explore core aspects of strategic management, including analyzing external and internal environments, formulating effective strategies, aligning organizational structures, and ensuring the sustainability of competitive advantages. This course emphasizes integrating theory with practical applications through real-world case studies and analytical tools. Topics include strategy formulation, resource allocation, ethical considerations, and the role of governance in strategic planning. Students will also examine contemporary issues like corporate social responsibility (CSR), environmental sustainability, and navigating challenges in diverse organizational settings. By the end of this course, students will be equipped with the skills and knowledge to contribute to strategic decision-making processes, ensuring they are prepared to address complex business challenges across various industries. Learning Objectives: By the end of the course, course participants will be able to: 1. Describe the strategic-management process and its key stages. 2. Explain the importance of integrating analysis and intuition in strategic decision-making. 3. Define and evaluate core components of vision, mission, and value statements. 4. Apply external assessment tools such as Porter’s Five Forces and EFE Matrix to identify opportunities and threats. 5. Conduct internal assessments using frameworks like the IFE Matrix to evaluate organizational strengths and weaknesses. 6. Develop and analyze strategic frameworks such as SWOT, BCG, and SPACE matrices for informed decision-making. 7. Identify and assess ethical considerations, including CSR and environmental sustainability, in strategy development. 8. Discuss the role of governance in shaping strategic decisions. 9. Construct and evaluate projected financial statements to assess the feasibility of strategic recommendations. 10. Evaluate and refine strategies using the Balanced Scorecard and other performance measurement tools. Target Audience: High-ranking professionals, aspiring managers and entrepreneurs seeking to enhance their strategic thinking, leadership skills, and ability to drive organizational success in competitive and dynamic environments. Examination: Final Exam