Strategic management (5 cr)

Objective

You are able to analyze both external and internal determinants of sustainable competitive advantage.

You are able to identify and respond to opportunities and threats in the external environment.

You learn how to develop structures and processes leading to the successful implementation of organizational strategies.

You are able to initiate and manage strategic change programs.

You are able to use analytical tools to support strategic decision making in practice.

You learn how to create, implement and assess strategies for profit and non-profit businesses.

You learn practically how to deal with complex strategic issues and make “big picture” decisions.

Content

What is sustainable competitive advantage and what are its sources?

How do organizational structures and existing processes affect the implementation and success of organizational strategies?

How to manage strategic change in organizations?

How to sense and respond to the changing environment?

What kind of tools can be used to generate and implement new organizational strategies?

How to create, implement and assess strategies for profit and non-profit businesses?

How to deal with complex strategic issues and make “big picture” decisions in business?

Evaluation

Students can

b. evaluate information sources critically.

c. work as team members in working life expert duties and identify and describe the problems of the professional field.

e. choose appropriate models, methods, software and techniques according to the purpose and justify these choices.

f. promote teams’ goal-oriented operation.

Course material

(1) Lecture notes from the instructor

(2) Following two books:

(a) Johnson, G., Scholes, K. & Whittington, R., 2008. Exploring Corporate Strategy. 8th ed. Essex: Pearson Education Limited.

(b) Mintzberg, H., Ahlstrand, B. & Lampel, J., 1998. Strategy Safari: A Guided Tour Through The Wilds of Strategic Management. New York: The Free Press.

(3) A set of articles to augment specific sections of the two books. These articles are accessible in the course homepage.

Study forms and methods

At the end of the study unit, students should be able to:
• Appreciate variety of approaches to strategy and strategizing in contemporary literature
• Analyze the determinants of sustainable competitive advantage both external and internal to the organization
• Differentiate strategic decision making at varying organizational levels
• Identify and respond to key innovative developments in the marketplace
• Explain how organizational structures and processes affect implementation and success of organizational strategies
• Identify and assess key issues in the design of strategic change programs
• Use analytical tools to support strategic decision making in practice

RDI and work-related cooperation

During the course,
(1) You will apply strategic management thinking to solve business problems in various cases.
(2) You will use strategic management tools to diagnose and propose solutions to problems faced by organizations of your choice.

Timing of exams and assignments

The maximum number of points obtainable from the course is 100.
Assignment 1-5 each comprising of 10% are end of section tasks.
Assignment 6 comprising of 25% is end of learning module task.
Assignment 7, comprising of additional 25% is synthesis of reflections throughout the course.
Be aware that the workload towards the end is considerable as it involves reading extensive course literature. Please plan accordingly.
The grading will be conventionally done in a scale from 1-5, 5 being the best.

Student workload

The maximum number of points obtainable from the course is 100.
Assignment 1-5 each comprising of 10% are end of section tasks.
Assignment 6 comprising of 25% is end of learning module task.
Assignment 7, comprising of additional 25% is synthesis of reflections throughout the course.
Be aware that the workload towards the end is considerable as it involves reading extensive course literature. Please plan accordingly.
The grading will be conventionally done in a scale from 1-5, 5 being the best.

Further information

The course consists of F2F meetings. Only some sessions can be implemented virtually.

Evaluation scale

1-5

Assessment methods and criteria

The maximum number of points obtainable from the course is 100.
Assignment 1-5 each comprising of 10% are end of section tasks.
Assignment 6 comprising of 25% is end of learning module task.
Assignment 7, comprising of additional 25% is synthesis of reflections throughout the course.
Be aware that the workload towards the end is considerable as it involves reading extensive course literature. Please plan accordingly.
The grading will be conventionally done in a scale from 1-5, 5 being the best.