This course will enable the students to develop an understanding of strategic management concept and techniques and acquire the ability to apply the same in business situations.
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course title |
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25BCP316 |
Strategic Management (Theory)
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CO 103 Develop an understanding of strategic management and understand its importance and limitations. CO 104 Analyze strategically the internal and external environment of organisation CO 105 Examine Industry and Competitive Analysis, Core Competence, Competitive Advantage. CO 106 Compare and contrast strategic choices and develop strategic options. CO 107 Examining the Organization and Strategic Leadership. Implement strategies and control CO 108 Contribute effectively in course specific interaction. |
Approach in teaching: Interactive Lectures, Discussions, Tutorials, Problem solving sessions, Presentations
Learning activities for the students:
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Continuous Assessment Test, Semester End Examinations, Quiz, Solving Numerical Problems, Assignments, Class Presentations, Individual and group projects. |
· Introduction to Strategic Management: Meaning and Nature of Strategic Management, Importance and Limitations of Strategic Management, Strategic Intent - Vision, Mission, Goals and Values, Strategic Levels in Organizations (Network, Corporate, Business and Functional).
· Strategic Analysis: External Environment: International and Macro Environment: PESTLE Analysis, Defining the industry for analysis (Value Chain, PLC), Porters Five Forces - Industry environment analysis, Understanding customers and markets, Competition in the industry.
· Strategic Analysis: Internal Environment: Understanding key stakeholders (Mendelow’s Model), Strategic drivers (Industry & markets, Customers, Channels, Product & Services, Competitive Advantage), The role of resources and capabilities, Combining external and internal analysis (SWOT Analysis), Gaining competitive advantage (Michael Porter’s Generic Strategies).
· Strategic Choices: Strategic Choices: Concentric, Conglomerate, Market Development, Product Development, Innovation, Horizontal integration, vertical integration, Turnaround, Divesture, Liquidation, How to Develop Strategic Options: - Ansoff’s Matrix - ADL Matrix - BCG Matrix - GE Matrix
· Strategy Implementation and Evaluation: Implementation: Formulation vs. Implementation Matrix, Linkages and Issues, Strategic Change through Digital Transformation, Organisation Structure (hard) and Culture (soft), Strategic Leadership, Strategic Control, Strategic Performance Measures.
· Study Material Published by Institute of Chartered Accountants of India
SUGGESTED READINGS:
· Arun Kumar Scanner, Suchitra Prakashan (P) Ltd
E-RESOURCES:
· https://www.icai.org/post/intermediate-nset
JOURNALS:
· The Chartered Accountant Journal /ICAI Student Journal