MPH_STMA Strategic Management

Faculty of Economics and Administration
Spring 2023
Extent and Intensity
0/2/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Michal Jirásek, Ph.D. (seminar tutor)
Iryna Kadykova, Ph.D. (seminar tutor)
doc. Ing. Pavla Marciánová, Ph.D. (seminar tutor)
Ing. Petr Mikuš, Ph.D. (seminar tutor)
Guaranteed by
doc. Ing. Pavla Marciánová, Ph.D.
Department of Business Management – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Business Management – Faculty of Economics and Administration
Timetable of Seminar Groups
MPH_STMA/01: Fri 10:00–11:50 P303, except Fri 31. 3., P. Marciánová
MPH_STMA/02: Thu 12:00–13:50 S309, except Thu 30. 3., P. Marciánová
Prerequisites
(!NOWANY( MPH_STRP Corporate Strategic Management , MPH_ASTM Strategic Management )) && (! MPH_STRP Corporate Strategic Management ) && (! MPH_ASTM Strategic Management )

A basic understanding of financial ratio analysis is an asset. Students must also be willing to work in a team environment and attend weekly team meetings. The ability to think analytically and understand basic analytical models is a requirement.

Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 50 student(s).
Current registration and enrolment status: enrolled: 22/50, only registered: 0/50
fields of study / plans the course is directly associated with
Course objectives

We live in a world where geographical and cultural distances have been significantly diminished through rapidly changing technologies. It is a world where global competition can attack the profit sanctuaries of any firm, large or small. Executives and personnel from all functional areas of business must fully understand the internal and external factors that affect their organization. They must be able to analyze these factors, formulate a cohesive strategy that will secure the company's competitive position in this rapidly changing marketplace, and implement that strategy with meticulous precision.

This course introduces participants to the strategic management process through lectures, case studies, and group work. It demonstrates the need for analytical thought when dealing with the process and teaches how to formulate a cohesive strategy that is fully congruent with the strategic intent of the firm.

Learning outcomes

Learning Outcomes

Upon successful completion of the course, participants should be able to:
  • Understand the importance of strategic management to the survival of the firm in a rapidly changing global environment.

  • Discuss and apply a variety of models and tools used to analyze the internal and external factors that influence a firm’s ability to engage and succeed in the marketplace.

  • Make sense of conflicting data and understand the importance of exercising judgement in the absence of preferred practices or perfect solutions.

  • Consolidate information and utilize it in the formulation of strategic alternatives.

  • Through evaluation techniques, determine the most appropriate strategy for the firm while understanding the trade-offs and risks.

    • Syllabus

    • READ THIS SYLLABUS CAREFULLY. It is mandatory that you come to class prepared to discuss the assigned homework, reading materials and casework. The course addresses the following topics:

      Strategic management overview:

      1. The global economy and strategy
      2. Culture and its impact on strategic thought
      3. What is strategy?
      4. Strategic leadership

      Strategies in Action:

       1. Corporate planning horizons
      2. Strategic drift
      3. Strategic management as a process
      4. Types of strategies

      External analysis models and tools

       1. PESTEL analysis
      2. Porter’s five forces
      3. Boston Consulting Group advantage matrix
      4. Competitive environment analysis
      5. Industry attractiveness analysis
      6. Industry lifecycle analysis
      7. External factor evaluation matrix

      Internal analysis and tools

       1. Core competencies
      2. Resource-based view
      3. VRIO framework
      4. Value chain analysis
      5. Product portfolio matrix
      6. Product lifecycle analysis
      7. SWOT analysis
      8. 7S Mc Kinsey framework

      Competitive Advantage, Firm performance and business model

       1. Accounting profitability
      2. Value creation
      3. Balance scorecard
      4. Business models

      Strategy formulation tools

       1. Formulation overview
      2. SWOT matrix
      3. Strategic position and action evaluation tool
      4. Strategic options and generic strategies
      5. Product portfolio matrix
      6. Internal-External matrix
      7. Directional policy matrix
      8. Grand strategy matrix

      Decision tools

       1. Quantitative strategic planning matrix
      2. Stakeholder analysis matrix
      3. Assessment of cultural impact
      4. Cultural fit
    Literature
      required literature
    • ROTHAERMEL, Frank T. Strategic management. Fifth edition. New York: McGraw-Hill., 2021, xxvii, 544. ISBN 9781260571233. info
      recommended literature
    • JOHNSON, Gerry, Richard WHITTINGTON and Kevan SCHOLES. Fundamentals of strategy. 2nd ed. Harlow, England: Pearson, 2012, xix, 284. ISBN 9780273757252. info
    • Fred R. David, Forest R. David. Strategic Management: A Competitive Advantage Approach, Concepts & Cases. 15th ed., 2015, ISBN-10-133444791
    • Cornelis A. De Kluyver, John A. Pearce. Strategy: A View From The Top. 4th ed., 2012, ISBN-10-132145626
      not specified
    • Strategic Management: Strategy Formulation, Tuck MacRae
    • Norman M. Scarborough, Jeffrey R. Cornwall. Entrepreneurship and Effective Small Business Management. 11th ed., 2015, ISBN-10-133506320
    Teaching methods

    This course introduces participants to the strategic management process through lectures, case studies,and group work. It demonstrates the need for analytical thought when dealing with the process and teaches how to formulate a cohesive strategy that is fully congruent with the strategic intent of the firm. Throughout the course participants are required to act the role of a senior executive and work on an executive team. Teams will be expected to set strategic directions, allocate resources in the face of global market uncertainty, integrate the various parts of the Organization, and fully understand the potential outcomes of their decisions. By the end of the course, participants will have been responsible for the formulation of a complex corporate strategy; they will have reshaped a company, and ensured that the firm will prosper in the rapidly changing global economy.

    Although the course primarily deals with firms operating within the economic or market domain, the tools and processes are also applicable to organizations in the state and civil society domains.

    Assessment methods

    There will be three student grading as follows:

    The final grade will be based on fulfilling the conditions as the active presence at the lecture, presentation of the seminar paper and the written exam. The final grade will be administered at the end of the course. The test will consist of multiple-choice answers. Any copying, usage of other peoples work or presentations, or carrying out the exam using forbidden aids including textbooks, notes, any communication devices or any other breach of objectivity of the exam is regarded as a failure to meet the obligations of the subject and as a serious breach of study regulations. As a consequence, the teacher grades the student with "F" and the dean is allowed to initiate a disciplinary action, which might lead to the termination of the studies.

    Language of instruction
    English
    Further comments (probably available only in Czech)
    Study Materials
    The course is taught annually.
    General note: Tento předmět je ekvivalentní českému předmětu MPH_STRP a může být za něj uznán. Také je ekvivalentem MPH_ASTM. This course is an equivalent to MPH_STRP and MPH_ASTM.
    Information on course enrolment limitations: Nezapisují si studenti, kteří absolvovali MPH_STRP.
    Listed among pre-requisites of other courses
    The course is also listed under the following terms Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2024, Autumn 2024.
    • Enrolment Statistics (Spring 2023, recent)
    • Permalink: https://is.muni.cz/course/econ/spring2023/MPH_STMA