Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects (6) Strategic Management-BMGT3023 1. 2. 3. 4. Name of Course Course Code Name(s) of academic staff Rationale for the inclusion of the course/module in the programme Strategic Management BMGT3023 5. 6. Semester and Year offered Total Student Face to Face Learning Time (SLT) L = Lecture L T P T = Tutorial P = Practical 28 14 O= Others 1/2 7. Credit Value 8. Prerequisite (if any) 9. Objectives: Core: Strategic management has become very popular and important to business for a variety of reasons. Business has discovered that strategic management is the pathway to success. It has been generally noted in the business environment that more organizations succeed using business strategy and those organizations that do not use strategic management meet with failure and ruin. It allows a business to use forward thinking. In this process it shows a business where they are currently, where they want to be and how to get where they want to be. Strategic management sets the goals of the business. Total Guided and Independent Learning O Guided = 42 Independent = 84 Total = 126 3 To learn the fundamentals of strategic management using the case method To understand the fundamental principles of and relationships among business functions such as: finance, human resources, marketing, and operations. To understand the relationships of business to individuals, other organizations, government and society. To analyze complex, unstructured qualitative and quantitative problems, using appropriate tools. To comprehend and critically evaluate information presented in written and numeric form. To express ideas clearly, logically and persuasively in oral and written communication. Bachelor of Business Administration (Hons) - Specialization in Management Page 1 of 7 Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects (6) Strategic Management-BMGT3023 10. Learning outcomes: At the completion of the subject, students should be able to perform the following tasks: Recognize the fundamental assumptions underlying strategy formulation. Identify the opportunities and threats that exist in the external environment. Analyze the internal environment of their organizations. Construct and use a SWOT analysis. Understand how a company can compete effectively in an industry. Analyze the long-term prospects and competitive strengths and weaknesses of a company's various businesses. Examine the different multi-business strategies that companies pursue in order to maximize their value. Design an effective set of organizational mechanisms for managing a company's strategy. Integrate the major concepts involved in corporate strategy, and use this integration to explain the dynamic nature of strategy development and implementation. Explain how organizational management and leadership can either accelerate or retard effective implementation of strategies. 11. Transferable Skills: In the current economic climate, whatever the size of a business or organisation, the importance of strategic management is of great importance. Integrating the diverse knowledge required in business involves developing a clear sense of the firm's strategic direction and making decisions designed to move the firm toward achieving its objectives. To do this, managers must rely heavily on analytic and conceptual skills, hard work, and a keen devotion to survival of the organization. Through this course we acquire the following strategic skills: Setting detailed goals Analysing internal and external resources Analysing the external environment Analysing stakeholder views Formulating a strategy Implementing the strategy Set up monitoring and reporting Bachelor of Business Administration (Hons) - Specialization in Management Page 2 of 7 Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects (6) Strategic Management-BMGT3023 12. 13. Teaching-learning and assessment strategy A variety of teaching and learning strategies are used throughout the course, including: Lecture sessions Tutorial sessions Case Studies Student-Lecturer discussion Collaborative and co-operative learning Workshops and Training Seminars Independent study Assessment strategies include the following: Ongoing quizzes Midterm tests Performance Assessment (Participation, project, Assigned exercises) Case Presentations Synopsis: The goal of the course is to learn the fundamentals of how to manage organizations strategically. Strategic management of organizations is a complex undertaking which starts with the central question: why are some firms more profitable than others? The course will require students to examine this question by integrating knowledge from prior business courses, while simultaneously learning and applying new strategic management concepts, principles, frameworks and methodologies 14. Mode of Delivery: Face to Face Lecture sessions Tutorial sessions 15. Assessment Methods and Types: The assessment for this course will be based on the following: Coursework 50% Quizzes Assignments Project Mid-Semester Exam Final Examination 10% 10% 10% 20% 50%. Total 100% Bachelor of Business Administration (Hons) - Specialization in Management Page 3 of 7 Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects (6) Strategic Management-BMGT3023 16. 17. Mapping of the course/module to the Programme Aims The individual course is mapped to the programme aims using a scale of one to five where (one being the least relevant/related and five being the most relevant/ related). A1 A2 A3 A4 A5 A6 5 4 4 4 3 3 Mapping of the course/module to the Programme Learning Outcomes The learning outcomes of this course are mapped to the eight MQF domains using a scale of one to five where (one being the least relevant/related and five being the most relevant/ related). LO1 LO LO3 LO4 LO5 LO LO7 LO8 LO9 LO10 LO11 LO12 2 6 3 3 2 3 5 3 2 2 4 4 3 2 18. Content outline of the course/module and the SLT per topic WEEK 1 Basic Concept of Strategic Management Phases And Benefits of Strategic Management Globalisation And Strategic Management Basic Model of Strategic Management Strategic Decision Making. WEEK 2 Corporate Governance and Social Responsibility Role and responsibilities of the Board of Directors Corporate Governance The role of top management; Social responsibilities of strategic decision makers Ethical decision making Global issues for the next millennium Scanning the Environment Environmental Scanning Industry analysis- Porter’s Approach International risk assessment Strategy in a changing world. Total Details WEEK 3 WEEK Indep. SLT L T 2 1 6 9 2 1 6 9 2 1 6 9 Bachelor of Business Administration (Hons) - Specialization in Management Page 4 of 7 Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects Internal Scanning Resource-based approach to organisational analysis Value-chain analysis Scanning functional resources Strategic audit Synthesis of internal factors. 2 WEEK 6 Strategy Formulation- Corporate Strategy Corporate strategy Directional Strategy including growth strategy International entry options Growth strategy internationally Stability strategies Strategy in a changing world; Portfolio Analysis including BCG matrix, GE Business Screen International portfolio analysis Corporate Parenting. WEEK 7 Strategy Formulation- Situation Analysis and Business Strategy SWOT TOWS Matrix 2 Business Strategies Porter’s Competitive Strategies Co-operative strategies Strategy Formulation- Functional Strategy and Strategic Choice Functional Strategy Operations Strategy 2 Information Systems Strategy Strategic Choice Strategy in a changing world. WEEK 8 WEEK 5 WEEK 4 (6) Strategic Management-BMGT3023 Strategy Implementation and Control- Organising for Actions Strategy implementation; organising for actions Stages of corporate development Organisational structures 2 Organisational Life Cycle Advanced types of organisational structures Reengineering and strategy implementation 2 1 6 9 1 6 9 1 6 9 1 6 9 1 6 9 Bachelor of Business Administration (Hons) - Specialization in Management Page 5 of 7 Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects WEEK 9 WEEK 10 Evaluation and Control Performance measures, behaviour and output control Primary measures of corporate performance, evaluating management, international measurement issues Strategic information systems; problems in measuring performance; strategic incentive management Strategic audit and evaluation of corporate performance WEEK 11 Other Strategic Issues- Managing Technology and Innovation Role of management 2 Environmental scanning Strategy formulation and strategy implementation. WEEK 12 Strategic Issues in Entrepreneurial Ventures and Small Businesses Importance of small businesses and entrepreneurial ventures 2 Use of strategic planning and strategic management; issues in environmental scanning and strategy formulation, implementation and control. Strategic Issues and Not-for-Profit Organisations Importance of Revenue Source Impact of constraints on strategic management. WEEK 14 Strategy and Implementation- Staffing and Directing Staffing strategy, selection and management development, problems in retrenchment International issues in staffing Managing corporate culture, actions planning Management by objectives, total quality management, international considerations WEEK 13 (6) Strategic Management-BMGT3023 Case Analyses Case method Case writing Researching the case situations Financial analysis; format for case analysis, including strategic audit; solutions and strategic recommendations. Total 2 1 6 9 2 1 6 9 1 6 9 1 6 9 2 1 6 9 2 1 6 9 2 8 1 4 8 4 12 6 Bachelor of Business Administration (Hons) - Specialization in Management Page 6 of 7 Al-Madinah International University (MEDIU) MQA-01 Document Area 2: Curriculum Design and Delivery-Core Subjects (6) Strategic Management-BMGT3023 19. Main references supporting the course: Coulter. (2010). Strategic Management in Action. (5th Edition), Prentice Hall Additional references supporting the course: 1. John Pearce, Richard Robinson (2010). Strategic Management. McGrawHill. 2. Charles W. L. Hill | Gareth R. Jones. (2010). Cases in Strategic Management: An Integrated Approach, Cengage Learning, (9th Edition). 3. Gregory G Dess, Alan Eisner, G.T. (Tom) Lumpkin. (2010). Strategic Management: Text and cases. McGrawHill. 20. Other additional information All related subject materials will be available to the students during the period of the course Bachelor of Business Administration (Hons) - Specialization in Management Page 7 of 7