| Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: In order to acquire the mark 12 within the
course Strategic Management student must demonstrate:
- Knowledge about and understanding of relevant terms, concepts,
models, processes and perspectives within the field of strategic
management
- An ability to identify and solve strategic problems within
organizations and industries (cases) by applying relevant terms,
concepts, models, processes and perspectives from the discipline of
strategic management
- An ability to discuss and evaluate the strength and weakness of
the applied terms, concepts, models, and processes within the field
of strategic management in relation to the behind organizational
and economic theories.
|
| Course prerequisites |
| Students are required to have a basic
knowledge of business economics and organizational theory. The
course has a progression compared with the mandatory course in
Strategy at the HA education, as it goes more in depth with the
classical and new models in the field of strategic management.
Further it links the strategic models to the classical and new
perspectives on economic theory. |
| Examination |
|
Individual
written project:
|
| Exam ECTS |
7,5 |
| Examination form |
Home assignment - written product |
| Individual or group exam |
Individual |
| Size of written product |
Max. 10 pages |
| Assignment type |
Case based assignment |
| Duration |
72 hours to prepare |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter and Summer |
| Make-up exam/re-exam |
Same examination form as the ordinary
exam
|
|
| Course content and
structure |
|
Aim
To provide students with an introduction to the discipline of
strategic management by looking at classical and modern strategic
concepts, models and perspectives. An additionally ambition is to
provide students with an understanding of how the strategic models
and processes draw on different types of economic theory.
Furthermore the course aims at giving students an insight into what
kind of considerations, issues and cross-pressure top-level
managers are confronted with when working with organizations'
overall long-term business and corporate development.
Competences
After following the course, students will be able to identify
strategic problems, conduct relevant strategic analysis and present
strategy solutions to the identified problems. Students will be
able to analyze a firm and its environment, develop relevant
strategies, evaluate the strategies and put forward an
implementation plan. Additionally, students will be able to
explain how different kinds of economic value are created through
the application of different types of strategic models and
processes.
Content
The course opens up by presenting some basic strategic concepts,
processes and perspectives and associated economic theories. We
then look at how to analyze the business environment and the
internal organization of the firm as well as its political and
cultural contexts. This is linked to the ideas of economic value
creation through positioning, capabilities, incentives and
institutions based on neoclassical theory, resource based theory,
principal/agent theory and institutional theory. Then we look at
developing competitive strategies, corporate strategies, growth
strategies, international strategies, and strategies of innovation
and entrepreneurship. In relation to this, we also draw on
transaction cost theory and evolutionary theory. Finally, we will
look at how strategies are implemented through organizational
design, the design of management systems, and handling strategic
changes. Related to this, we will draw on institutional theory and
behavioral theory.
|
| Teaching methods |
Lessons draw on a combination of
overview lectures, guest speakers, group work on an exam project
and case as well as student presentations and plenum discussions.
The presentation of the text book, cases and supplementary
curricullum linking strategy to different new economoc perspectives
is avalible on 23 hours of video clip on the course homepage on CBS
Learn. |
| Further Information |
|
The maximum numbers of participants are 60 due to the teaching
and exam format
This course can be connected to bachelor thesis in the HA
program. Bachelor thesis in this course are normally formulated in
Danish.
Schedule: Tuesday 11.40-14.25, week 36-41, 43-48.
Changes in schedule may occur.
|
| Expected literature |
|
Tentative literature:
Mandatory
Johnson, Scholes, Whittington, Angwin & Regnér: ”Exploring
Strategy – Text only – Tenth Edition”, Pearson Education 2014 (500
pages).
Supplimentary
Joseph T. Maghoney: “Economic Foundations of Strategy”, Saga
Publications 2005. (200 pages)
Mehmet Barca: “Economic Foundations of Strategic Management”,
Ashgate 2003 (selected parts 40 pages)
|
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