This course is no longer offered
10689 Strategic Management
Credits: 6 intermediate credits in Management
Prerequisites: none
Recommended: Introduction to Microeconomics, Introduction to Macroeconomics, Organizational Behavior
The objective of the course is to provide competitive insights, develop skills for integrating and coordinating the firm’s resources based on a long-term approach and an understanding of the interface between the organization and its task environment. The course addresses such fundamental questions as why firms succeed or fail and why firms demonstrate different performance levels. The primary reason for studying strategic management is related to frequently changing business circumstances and the managerial challenge in effectively grappling with dynamic environments characterized by high uncertainty while achieving business performance results expected by stakeholders.
Topics: Strategic management and strategic competitiveness; The external environment: opportunities, threats, industry, competition, and competitor analysis; The internal environment: Resources, capabilities, and core competencies; Business-level strategy; Competitive dynamics; Corporate-level strategy; Acquisition and restructuring strategies; International strategy; Cooperative strategy; Corporate governance; Organizational structure and controls; Strategic leadership; Corporate entrepreneurship and innovation.