Fundamentals of strategic management (5 cr)

Objective

Strategic management is the ongoing planning, monitoring, analysis and assessment of all that is necessary for a company or an organization to meet its goals and objectives. Changes in the business environment require companies or organizations to constantly assess their strategies for success and successfull competitiveness.

• Student knows basic information about mission, vision, values and strategy.
• Student knows basic elements about strategic thinking.
• Student can analyze companies' and organisations' strategy.

Content

•The basic concepts of strategic management.
• Mission statement, values and vision.
•Defining strategic objectives, policies and action plans.
• Processes and measurement of process efficiency.
• Strategic thinking.

Course material

Course book is available on e-learning platform: Exploring strategy - Gerry Johnson & al.
Other materials gathered by the lecturer are also available on e-learning platform.

Study forms and methods

Assignment, peer review and tests.

Compliance with course schedules is mandatory.

RDI and work-related cooperation

The course does not include guided working life cooperation. Working life cooperation is not needed.

Timing of exams and assignments

The course completion is automated. Exams on duty freely within the deadline. The written assignment will be returned and the peer reviews included in the course will be completed within the exact deadline. Deadlines cannot be flexible. More detailed instructions on the Learn page of the course.

Tasks:

Exams:
The course consists of 3 exams, these can be done according to your own schedule between 17.8.-6.11.2022.

Written assignment:
The course includes a written assignment. This task must be carried out and returned strictly according to schedule. You can select a task from two different options. Return your work 22.8.-18.9.2022.

Peer review:
- The course includes a peer review of the written assignment.
- Your own task will be peer reviewed and the points you receive from it will depend on peer review.
- In addition, you will be given 3 other students' work to evaluate on the Learn platform.
- Peer review will only begin after the return period for written tasks has expired. There is a specific schedule for peer review, follow it.
- Peer reviews must be done within 21.9.-16.10.2022.

International cooperation

The course does not include guided international cooperation.

The peer review section may involve international cooperation in the sense that the course assignment returner and its peer reviewers can be from different countries and cultures.

Student workload

135 hours.

Course part description

More information from course's Learn website.

Further information

The completion of the course is based on the student's own active work; familiarisation with materials, answering exams, carrying out written work and peer reviews in an electronic workshop. Course schedules must be followed. More detailed instructions on the course's Learn website.

Evaluation scale

1-5

Assessment methods and criteria

The assessment is based on the total score collected by the student from the exams, written assignment and peer review he/she has completed. The score given by the written assignment and peer review is determined by the automation of the Learn page of the course.

Grades 1-5:

100-89 points grade 5;

88-78 points grade 4;

77-65 points grade 3;

64-52 points grade 2

51-40 points grade 1

Further information

The level of the course is bachelor / university level.