Strategic Management is a fascinating module in our business management degree that studies the long-term purpose and direction of organisations through analysis of how to achieve a sustainable competitive advantage. You’ll explore core frameworks and analytical techniques that will enable you to assess the resources and capabilities of organisations in relation to the conditions of the industry, macro environment, and stakeholder pressures. Your focus then turns to strategic implementation, specifically in relation to business-level and corporate-level strategies.
This is organised around five thematic areas: the evaluation of strategic options in terms of suitability, acceptability, and feasibility; ‘intended strategy development’ versus ’emergent strategy development’; the role of organisational structures and systems in strategy development; and leadership of strategic change; and finally the practice of strategy (who is involved in strategy development, the types of activities in which strategists are involved, and the types of methodologies that strategists use). With a practical and problem-oriented focus, the emphasis is on application of concepts and frameworks, helping you to gain insight into strategic challenges faced by an organisation. Throughout the learning period, you’ll reflect on the global nature of competition, how strategic management can contribute to the creation of shared value and business sustainability.