Blog

Join the Bizpac Management & Marketing Club today to receive your free regular insider strategies to help you learn more about Strategic Management

We are currently updating Strategic Management. we thank you for your patience.

Strategic Management

The Concept and Context of Strategic Management

Module 1

The Nature and Scope of Strategic Management

• Preview
• The need for strategic management
• Early uses of strategy
• Administrative theories: Max Weber
• Human relationships in management: Henri Fayol
• Human relationship movement: Maslow
• Structural views of strategy: Porter's contributions
• Resource-based view of the firm
• Henry Mintzberg
• Towards a definition of strategy
• Strategic management: what it is
• What does strategic management do?
• Strategic management: what it requires
• Application of strategic management
• Myths and criticisms of strategic management

Module 2

The Process of Strategic Management

• Preview
• The value of frameworks in strategic management
• The process of strategic management
• Why organisations lose competitive capability
• Approaches to the practice of strategic management
• The strategic management process: technical/sociocultural perspectives
• Language of strategic management
• Ethical frameworks
• The strategic information system
• Strategic thinking
• Towards an integrated conceptualisation of strategic management

Module 3

Strategic Capability: Decision Making, Performance Management and Leadership

• Preview
• Strategic capability
• Strategy and decision making in organisations
• Strategic decision-making process
• Issues in strategic decision making
• Developing a strategic decision-making process
• Strategy and performance management
• Leadership and strategic management
• Strategy, the board and corporate governance
• A practical model of leadership
• Leadership roles
• Learning and strategic leadership
• Leadership and change management
• Strategic leadership style
• A managerial perspective on ethics

Strategy Analysis and Direction Setting

Module 4

Organisational Mission: Vision, Purpose and Values

• Preview
• Mission: a statement of organisational aspirations
• Vision statement
• Purpose statement
• Values statement
• Optional components of a mission statement
• Evaluating mission statements
• Mission statement versus sense of mission

Module 5

Analysing the External Environment

• Preview
• Process for analysing the strategic environment
• External or internal analysis
• Components of the strategic environment
• Macroenvironment
• Industry analysis
• Customer analysis
• Competitor analysis

Module 6

Environmental Turbulence and Strategic Management

• Preview
• Building a flexible organisation
• Identifying a turbulent environment
• Is turbulence a problem or a predicament?
• Concept of strategic flexibility
• Creating strategic flexibility
• Commodification and the creation of value
• Scenario analysis
• Strategic windows
• Analysis of opportunities and threats

Module 7

Internal Analysis: Organisational Skills and Resources

• Preview
• What is an organisational resource?
• Identifying and analysing internal skills and resources
• Organisational strengths and weaknesses
• Shareholder value analysis
• Approaches to quality management
• Concept of the value chain
• Linking resources to value creation
• Critique of traditional approaches to analysing internal skills and resources
• FPC resource matrix
• Identifying core competencies

Module 8

Formulating Strategic Objectives

• Preview
• Common mistakes in formulating objectives
• The source of strategic objectives
• Scope of strategic objectives - the Triple Bottom Line (TBL)
• Attributes of strategic objectives
• Linking strategic objectives to strategies and action plans
• Establishing priorities for strategic objectives
• Key result areas (KRAs)
• Key performance indicators (KPls)
• Establishing and validating strategic objectives

Strategic Choice

Module 9

Corporate Strategy Alternatives: Managing Organisational Scope

• Preview
• The elusive 'right' strategy
• Analysis of competitive advantage
• Strategic gap analysis
• Levels of strategy
• Framework for developing corporate strategic alternatives
• Corporate strategic alternatives
• Quadrant 1 Market penetration, continuation, consolidation and divestment
• Quadrant 2 Product development, product extension and vertical integration
• Quadrant 3 Market development, market extension and international markets
• Quadrant 4 Diversification alternatives
• Methods of pursuing alternative strategies

Module 10

Business-Level Strategy Alternatives: Managing A Competitive Profile

• Preview
• Generic competitive strategies
• Choosing a generic strategy
• Value analysis and business-level strategies
• Specific business-level strategy alternatives
• Competitive strategies in different industrial contexts
• Competitive strategies in the public sector
• Choosing a competitive strategy

Module 11

Evaluating and Choosing Strategic Alternatives

• Preview
• Need for strategy evaluation
• Strategy evaluation criteria
• Evaluating corporate-level strategies
• Corporate strategy evaluation models
• Detailed screening of strategic alternatives
• Alternative method of allocating priority to strategies
• Impact of alternative strategies on stakeholders

Strategy Implementation and Strategic Performance Management

Module 12

Strategy Implementation

• Preview
• Key issues in strategy implementation
• Strategy implementation element 1: resource management
• Strategy implementation element 2: organisation structure
• Strategy implementation element 3: organisational systems
• Strategy implementation element 4: corporate culture
• Strategy implementation and risk management
• Strategy implementation and integrated performance management
• Why strategy implementation fails

Module 13

Managing Strategic Change

• Preview
• Change and the strategic management process
• Common change conditions
• Change at different levels of strategy
• Alternative approaches to change management
• Model of strategic change
• Resistance to change
• Innovation and change management

Module 14

Assessing Strategic Performance

• Preview
• Overview of strategic control
• Strategic performance and 'drill-down' analysis
• Assessing 'successful' strategic performance
• Integrating corporate- and business-level strategy assessment
• A strategy evaluation framework
• The balanced scorecard
• Implementing strategic controls

Module 15

Developing the Strategic Plan

• Preview
• Characteristics of 'good' strategic planning systems
• Strategic plan development
• Developing a successful strategic plan
• Integrating strategic, business and individual performance planning