Module BUSI41Q15: Strategy (ONLINE)

Department: Management and Marketing

BUSI41Q15: Strategy (ONLINE)

Prerequisites

• None.

Corequisites

• None.

Excluded Combination of Modules

• None.

Aims

• Strategy seeks to explain firms’ success or lack of success. Strategy is concerned with matching a firm’s resources and capabilities to the opportunities that arise in the external environment. The emphasis of the module is on two themes: 1) the interface between strategy and the external environment, and 2) the interface between strategy and the internal environment of the firm – more specifically, with the resources and capabilities of the firm.
Strategy seeks to explain firms’ success or lack of success. Strategy is concerned with matching a firm’s resources and capabilities to the opportunities that arise in the external environment. The emphasis of the module is on two themes: 1) the interface between strategy and the external environment, and 2) the interface between strategy and the internal environment of the firm – more specifically, with the resources and capabilities of the firm.

Content

• Concepts of strategy.
• Strategic purpose.
• Environmental and industry analysis.
• Analysing resources and capabilities.
• Sustainable Competitive Advantage – including sources of advantage (cost and differentiation) and sustainability.
• Corporate strategy – including vertical, horizontal and international scope, methods of development and managing synergy.
• Corporate culture and strategy.
• Strategic management processes.
• Managing strategic change.

Learning Outcomes

• By the end of this module students should:
• Have a critical appreciation of the contribution strategy can make to successful performance;
• Be able to recognise the multiple roles that strategic management plays within organisations;
• Be able to identify structural features of an industry that influence competition and profitability, but also critically analyse competition in order to identify opportunities for competitive advantage within an industry;
• Have a critical appreciation of the role of resources and capabilities as a basis for competitive advantage;
• Be able to distinguish and analyse the primary types of competitive advantage;
• Be able to understand the challenges of managing complex, multi-business organisations, including the relative merits of linking businesses and the alternative approaches available to the corporate centre;
• Have a critical appreciation of the challenge of managing strategic change.

• By the end of this module students should:
• Be able to apply a range of relevant strategic analysis tools to assess complex business cases;
• Be able to evaluate differing strategic options.

• Written communication;
• planning,
• organising and time management;
• problem solving and analysis;
• using initiative;
• computer literacy
Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• The module is delivered via online learning across a six month period, divided up into study weeks with specially produced resources within each week. Resources vary according to the learning outcomes but normally include: video content, directed reading, reflection through activities, opportunities for self-assessment and peer-to-peer learning within a tutor-facilitated discussion board. Tutors provide feedback on formative work and facilitate discussion board communication as well as being available for individual consultation as necessary (usually by email).
• The summative assessment of the module is designed to test the acquisition and articulation of knowledge and critical understanding, and skills of application and interpretation within the business context.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

A written assignment of 1,500 words, or its multimedia equivalent, which may involve some group work

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University