Course detail

Strategic Management

FP-RsmtPAcad. year: 2013/2014

Strategic management in the market economy and competitive environment is a crucial aspect of company success. Decision about strategy, if the selected strategy should lead the company to the required target, has to be based on solid strategic analysis. Only on this base, the management can generate possible solutions, choose and implement an optimal variant. Within the process of strategic management, the management of a company considers factors such as available resources, mission and goals, eternal and internal environment of company. Strategy created and understood this way can represent a good basis for ensuring the competitiveness of a company.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Learning outcomes of the course unit

Students will have a clear idea of strategic management process and principals of strategic thinking. They will be made familiar with analytical tools intended for strategic analysis of external and internal factors. Students will learn the methodology of formulation of strategy based on hierarchical strategy structure - corporate, business, functional and horizontal strategy. Students will also learn the methods applied for selection, realization and evaluation of strategy.

Prerequisites

Students are expected to have basic knowledge of methods used in planning, organizing, stimulation and control. They have to understand basic function of company. Knowledge of basic marketing methods is required.

Co-requisites

Not applied.

Planned learning activities and teaching methods

The course contains lectures that explain basic principles, problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Assesment methods and criteria linked to learning outcomes

The evaluation of the course consists of two aprts - to work out the case study and to pass the written test. Working out and submition of the case study is also the requirements for awarding the credit. Evaluation of particular parts is as following:
1) The case study is evaluated with maximum of 40 points (according to the level of work out). Whne working out the study, students solve one of five variants. The study solves strategic aspects in behavior of selecetd companies in their business areas, or focuses on working out the strategic analysis of the company and the proposal of the strategy and its realization by the company. The study is in form of question which students have to answer. The work is submitted in form of x.doc, x.ppt, x.pdf.
2) The final test will consist of 10 question with optional answers a) to e) and four open questions. For questions with optional answers will be only one correct answer. The correct answer is evaluated with 2 points, wrong answer -1 point and no answer 0 points. Open questions are evaluated each at 10 points. Maximum points from the test is 60. The exam is in form of "open book".

Total amount of points, if students fulfill both tasks in 100 %, is 100. The final classification is based on the number of points and is in line wtake part in oral exam.

Course curriculum

P-1 Process of strategic management
P-2 Definition of business objectives, three levels of strategy, strategic business units
P-3 Structure of business environment, analysis of general and industrial environment
P-4 Competitiveness and competitive environment, competitive space
P-5 Analysis of internal factors - functional approach, resource based analysis, competitive advantage, fundamental competence
P-6 Strategy formulation, hierarchy of the strategies, generic strategies
P-7 Diversification, restructuring, megers, acquisition, join-venture and the cooperation of companies, strategy of internationalization
P-8 Factors which influence the choice of strategy, methods of selection, implementation and evaluation of the strategy
P-9 Strategic leadership, organizational apsects, realization of the strategy
P-10 Alternative approaches to formulating the strategy, specifics of the strategic management of a various types of organizations

Work placements

Not applicable.

Aims

The objective of the course is to make students familiar with the strategic management process in market and competitive environment. The course is focused on explanation of analytical tools and possibility of their application and on formulation of strategy and its realization.

Specification of controlled education, way of implementation and compensation for absences

Attendance at contact lessons is controlled. Attendance at the presenatation seminar is required. Attendance at lectures is recommended.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

HITT, M.A. - IRELAND, R.D. - HOSKISSON, R.E. Strategic Management - Competitiveness and Globalization: Concepts. 6th ed. South-Western College Pub, 2004. 544 p. ISBN 0324275307 (EN)
JOHNSON, G. - SCHOLES, K. Cesty k úspěšnému podniku. Přel. Z. Strnad. 1. vyd. Praha: Computer Press, 2000. 803 s. Přel. z: Exploring Corporate Strategy. ISBN 80-7226-220-3 (CS)
MALLYA, T. Základy strategického řízení a rozhodování. Praha: Grada Publishing, 2007. ISBN 978-80-247-1911-5. (CS)
ZICH, R. Koncepce úspěchuschopnosti Konkurenceschopnost - vítězství, nebo účast v soutěži?. Brno: Akademické nakladatelství CERM, 2012. 125 s. ISBN: 978-80-7204-818- 2. (CS)

Recommended reading

GRANT, R.M. Contemporary strategic analysis. 6th ed. Blackwell Publishing, 2008. 482 p. ISBN 978-1-4051-6309-5. (EN)
HITT, M.A. a K. G. SMITH. Great minds in management - The process of theory development. 1st ed. Oxford: Oxford University Press, 2007. 600 p. ISBN 978-0-19-927682-0. (EN)
KOTLER, P. Marketing Management. 10. vyd. Praha: Grada Publishing, 2001. 720 s. ISBN 80-247-0016-6. (CS)
MINTZBERG - QUINN - GHOSHAL The Strategic Management Process. Revised European Edition. Prentice Hall Europe 1998, 1036 p. ISBN 0-13-675984-X. (EN)
PORTER, MICHAEL E. Competitive Advantage. First Free Press Export Edition: Free Press 2004. 557 s. ISBN: 0-7432-6087-2. (EN)

Classification of course in study plans

  • Programme MGR Master's

    branch MGR-ŘEP , 2 year of study, summer semester, compulsory

Type of course unit

 

Lecture

20 hod., optionally

Teacher / Lecturer

Syllabus

1. Popis a charakteristika procesu strategického řízení firmy
2. Možné způsoby tvorby cílů ve firmě, hierarchie strategie,SBU
3. Struktura analytických postupů. Obecné a oborové okolí firmy
4. Konkurence a konkurenční prostředí, konkurenční prostor
5. Interní faktory – funkční přístup
6. Analýzy zdrojů, konkurenční výhoda, základní kompetence
7. Formulace strategie, Porterovy generické strategie, hodnotový řetězec
8. Diverzifikace, restrukturalizace
9. Podstata akvizice, fúze, joint-venture a spolupráce firem, strategie internacionalizace
10. Faktory ovlivňující výběr strategie, metody výběru
11. Implementace a hodnocení strategie
12. Strategické vůdcovství, organizační aspekty realizace strategie
13. Alternativní přístupy k formulaci strategie, Specifika strategického řízení různých typů organizací

Exercise

10 hod., compulsory

Teacher / Lecturer

Syllabus

1. – 4. Řešení případových studií, konzultace projektů
5. – 7. Prezentace projektů