MGNT 685: Strategic Management
Prerequisites: MBA status or permission of the instructor, ACTG 611, FINC 631, MGNT 624, MKTG 641
Credit Hours: (3)
Strategic management focuses on how organizations achieve sustained success in a competitive global environment. Integrates the knowledge gained in functional courses in order to make strategic decisions which enhance competitive advantages. Emphasizes the use of strategic analysis tools to identify problems/issues/opportunities, evaluate the advantages and disadvantages of strategic alternatives, and make decision/recommendations. Utilizes ethical frameworks to evaluate tradeoffs among stakeholders and resolve conflicting interest.
Detailed Description of Course
Outline of Major Topics:
Developing and Evaluating Strategic Options Strategic Decisions and Recommendations
Business Ethics and Social Responsibility
Global Strategic Management
Business Model Development
Detailed Description of Conduct of Course
The course will utilize a number of different pedagogies to accomplish the learning goals. These may include simulation software, case studies, smart learning systems, research projects, discussion of outside readings and current topics, and consulting projects.
Goals and Objectives of Course
• Functional Knowledge Integration: Students will be able to integrate the knowledge gained in prior functional courses to generate decisions which create synergy and enhance organization’s competitive advantage.
• Analytical Thinking and Logical Decision Making: Students will learn to use strategic analysis tools to identify problems/issues/opportunities, evaluate the advantages and disadvantages of strategic alternatives, formulate competitive strategies, and present a comprehensive recommendation.
• Global: Enhance students’ awareness of global issues and provide them with opportunities to incorporate a global perspective in strategic decisions.
• Corporate Social Responsibility: Students will learn to view corporate decisions from the perspective of different stakeholders, manage corporate relations with stakeholder groups, and provide a basis for resolving stakeholder issues.
• Innovation: Students will be able to evaluate different types of innovation and derive their strategic implications.
Assessments will be based on student’s demonstrated ability to accomplish the learning outcomes. Assessment measures may include computer-based simulation outcomes, results of case analysis, evaluation of research or consulting projects, exams, and discussions.
Review and Approval
DATE ACTION APPROVED BY
March 1999 Revised
May 2019 Revised