Strategic Management is an advanced course for МВA candidates. It assumes a solid understanding of the basic principles of management, essential to comprehend the concepts of the complex field of strategy. Students will be required to draw upon material from previous courses, business media and business experience.
Despite planning efforts, not all strategies result from such processes. During the course, students will garner an understanding of the many ways in which strategy actually develops within organizations, including their own.
The study of strategic management involves three major themes: strategic positioning, strategic choices and strategy into action.
- Strategic positioning is the analysis of the environment in which an organization operates, a full understanding of the strategic capability of the organization, coupled with the expectations of stakeholders.
- Strategic choices involve breaking strategy down into levels and determining the directions and methods of development of the overall strategy.
- Finally strategy into action brings structure as well as the dynamic processes of management and change into the equation in order to move the organization towards its stated goals.