1. BRIEF COURSE DESCRIPTION
The purpose of this
module is to equip students majoring in the Discipline of Management and
Entrepreneurship with a sound understanding of the fundamental principles
underlying the crafting, executing and aligning of business strategies.
The focus of this course
will be on four critical areas: the scope and dynamics of strategic management;
concepts and analytical tools; crafting a strategy to create sustainable high
performance; and executing and aligning the strategy.
Students will be exposed
to the latest developments in the field of strategy that will equip those
wanting to enter postgraduate studies and those seeking employment in
businesses management or consulting with the requisite knowledge and analytical
skills.
2. MODULE OBJECTIVES
On completion of this module, students will be able to
1. Understand and describe the process of strategic
management.
2. Evaluate the external environment and its impact on a
company’s strategy.
3. Evaluate a company’s resources and competitive
position.
4. Understand and describe the five generic competitive
strategies and how they are utilised by business leaders.
5. Understand and describe the strategies used in
emerging economies.
6. Understand and describe the strategies used in
specific industry and company situations.
7. Understand the role of enterprise performance
management in successful strategy execution.
8. Recognise and understand the importance of building an
organisation capable of good strategy execution and alignment.
9. Understand how leadership, culture and teamwork
impacts on a company’s strategy.
10. Understand how ethics and corporate governance impact
on a company’s strategy.