BSc International Business, Finance and Economics with Industrial/Professional Experience / Course details

Year of entry: 2020

Course unit details:
Fundamentals of Strategy

Unit code BMAN24492
Credit rating 10
Unit level Level 2
Teaching period(s) Semester 2
Offered by Alliance Manchester Business School
Available as a free choice unit? No

Overview

This course provides a foundation for understanding key approaches to strategic management. Strategic management deals with decisions that fundamentally affect the direction of an organization as well as the effective implementation of these decisions. Strategic management addresses the organization's strategic positioning and organizational resources and capabilities as well as competitive environments and dynamics. The goal of strategic management is to create and capture value and develop a competitive advantage. This course is designed to help students understand strategic perspectives and challenges and to make informed strategic decisions.

Pre/co-requisites

Core for BSc IBFE and BA Econ (Business Studies).

Pre-requisites: None
Co-requisites: None
Dependent course units: BMAN33000 Business Analysis Project

Aims

1.    Develop an understanding of how firms gain and sustain competitive advantages;

2.    To help students understand how managers make strategic decisions in practice;

3.    To develop students' strategic thinking and decision-making skills

Learning outcomes

On successful completion of the course unit, students should be able to:

  • Explain how firms can achieve a competitive advantage
  • Make informed decisions about firms' strategic choices with the objective to improve their performance
  • Analyze strategic situations and make predictions about competitive dynamics

Syllabus

• Introduction & Overview: What is strategy?

• Value creation and value capture

• The external environment

• The internal organization

• Business-level strategies

• International strategy

• Strategy and cooperation

• Strategy and innovation

• Strategy and digitization

• Conclusion & Summary

 

Teaching and learning methods

Lectures, plus self-directed study by students.  Total study hours: 100 hours split between lectures, self-study and preparation for classes and coursework.

Employability skills

Analytical skills
By the end of the course, unit students will have a larger set of analytical tools and will have gained more experience in analysing real-world business cases.be able to critically evaluate the notion of strategydiffering perspectives on strategic management, to explain how a firms strategic actions are it is shaped by factors inside -/ and outside of organizations.
Group/team working
In this course, you learn how to work collaboratively with others in order to achieve a goal. As an individual team member, you will learn how to take on a role within your team, take responsibility for the team¿s progress, contributing your ideas, and communicate effectively.
Problem solving
In this course, you improve your ability to identify and evaluate the necessary information to develop informed solutions. You will learn a systematic approach to solving the problems you face.
Other
The course helps you to develop and improve skills regarding the effective use of your time and workload. You will need to develop a systematic approach to plan and structure your assignment project and follow through on your plan.

Assessment methods

Coursework 100% - (3000 word essay assignment) 

Feedback methods

Written feedback on coursework assignment and verbal feedback in lectures and via Blackboard discussions.

Recommended reading

Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. 2016. Strategic Management, 12th edition, Boston, MA: Cengage Learning.

Study hours

Scheduled activity hours
Lectures 20
Independent study hours
Independent study 80

Teaching staff

Staff member Role
Karl Taeuscher Unit coordinator

Additional notes

Programme Restrictions: Core for IBFE and BA Econ (Business Studies).

Timetable
https://ughandbook.portals.mbs.ac.uk/Myprogramme/Teachingtimetables.aspx

For Academic Year 2019/20

Updated: March 2019   

Approved by: March UG Committee

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