In the field of management, 'strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's top managers on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models often] include a feedback loop to monitor execution and to inform the next round of planning.
Lecture and Exam Plan (Strategic Management)
Week |
Chapter |
Major Content |
Weekly class Assignment |
Recommended Books |
1-2 |
1- Introduction to SM 2- Key Strategic Models |
PEST, SWOT Analysis, Stakeholders Mapping, Porters Diamond Model, Porters Five Forces, Competitors Analysis and Competitive Strategies |
Case Studies Relevant to importance, and Implications of different Strategic Models. |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson
|
3-4 |
1- Strategic Planning
|
Strategic Planning, Strategic Planning: The Rational Model, Less formal strategic planning, Strategic Lenses, Resource-Based Strategy, Directors Strategic roles, and responsibilities. |
Case Studies Relevant to Strategic Planning and its strategic Devolvement. |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson
|
5-6 |
1- Stakeholders & Corporate Objectives and Strategic Decision Making |
Mission, goals and strategy, Business goals and objectives, The short term and long term, Stakeholders management, CSR and sustainability, Strategy and Not-for-profit organizations |
Case Studies Relevant to Stakeholders & Corporate Objectives and Strategic Decision Making
|
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
7-8 |
Strategic Decision Making and Different Emergent Strategies |
Environmental information and analysis, Gap analysis, Forecasting, Scenario Planning, Foresight, Game theory, Strategic Intelligence |
Case Studies Relevant to Strategic Decision Making and Different Emergent Strategies |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
Mid-Term |
Above All chapters are Included in Mid-term Exams |
Paper Pattern: 1- Three Case Studies relevant to discussed Topics. 9*3=27
2- Current Economic affairs and its recommended solutions. 03 Marks.
|
Case Studies Discussed in Class are Part of Mid-term Exam |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
9-10 |
Strategic Information System |
Hierarchy of planning and control decision, Strategic Information, Executive Information System, Decision Support system, Executive Information Center, Decision Support system, Case Study |
Case Studies Relevant to Strategic Information System |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
11-12 |
Change Management and Strategic Implications |
Change Management, Case study of MacDonald, Role of Change management in strategic implication, Emergent strategies |
Case Studies Relevant to Change Management and Strategic Implications |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
13-14 |
Organization Strategy & Organizational Learning |
Why are strategy and organizational learning important? What is organizational design and how is it linked to strategy? How does technology influence organizational design? How does the environment influence organizational design? How should the whole organization be led strategically?
|
Case Studies Relevant to Organization Strategy & Organizational Learning |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
15-16 |
1- Change & Stress Management 2- Project Report submission and Viva |
Forces for Change, Change Resistance/ Approaches to Managing Organizational Change, Interventions To Change, Creating A Culture For Change. |
Case Studies Relevant to Change & Stress Management and Job Performance |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson |
Final-Exam |
All chapters discussed in class after Mid are Included in Final-term Exams |
Paper Pattern: 1- Four Case Studies relevant to discussed Topics. 11*4=44 2- Current Economic affairs and its recommended solutions. 06 Marks. |
Case Studies Discussed in Class after Mid are Part of Final-term Exam |
1- SM CIMA E3 2- Strategic Management_ Neil Ritson
|
Time Table | SM | |||||
Teacher Name:_______________________ | Aamir Sohail | |||||
Sr No. | Day | Time | Class | Course Title | Total Students | |
1 | Monday | 09:30-11:00 | B.com-8th Reg | Strategic Management | 13 | |
2 | Tuesday | 09:30-11:00 | B.com-8th Reg | Strategic Management | 13 |