Strategic Management (5 ECTS)

Objective

The student understands the role of strategic management as a competitive factor in an
organisation. The student knows the tools of strategic management and is able to use them in daily
work. The student can work according to strategic goals and use them in order to develop his own
organisation.

Content

- Strategic management as a success factor in organisations
- The tools of strategic management
- Strategy implementation and leadership issues
- Strategic dialogue in organisations

Location and time

Timing - when the actual implementation starts and ends:
fall semester 2025
On Metropolia Myyrmäki Campus

Materials

Material will be provided - but also any textbook on Strategic Management, Corporate Strategy, or Strategic Entrepreneurship will also strongly be advised as supplemental reading material.

Teaching methods

This course applies lectures of material, basic review assignments, case studies and written assignments. This is an advanced course first reviewing relavant subjects (necessary to understand strategic management), such as Strategic Marketing, International Strategies, International Management, Project Management, Change Management, Strategic Entrepreneurship, and so on. Then the main focus in material and lectures will be on Strategic Management issues.

Employer connections

This is a high-level course - more focused on life-long learning, and a comprehensive perspective of business - most likely an entrance-level position will not be discussing these matters or applying these tools - yet. But this is a high-level view of how all subjects within a business curriculum are connected, how a business is really supposed to work - i.e. vertical integration, sustainable competitive advatage, strategic philosophies, elements leading failure, and those leading to success, global, international and multinational strategies, Webs analysis for sustainability, etc.

Exam schedules

90% of this course is comprised of written assignments.

International connections

International strategies and management are discussed. Also the individual final work may be on internationalization of the firm.

Student workload

This is individual and possibly pair work (up to students) – maximum amount of time required depends on the prerequisite knowledge plus individual and final work demands.

Content scheduling

A Gantt Chart showing the tasks with time and deadlines will be provided on the first day of classes and will include the review schedule of the relevant subjects along with specific Strategic Management areas of focus:
- Corporate Strategy and Connection to Entrepreneurship, Innovation, and Sustainable Competitive Advantage
- Macro & Micro VC Analyses ? Countries, Industries, Competitors & Customers
- Analysis of Resources
- Developing Purpose & Strategy – Past, Present & Future
- Creating a schemata analysis - all types of tools - especially the Webs Analysis model

Further information

The more prerequisites in business, the better. A course on basic Strategic Marketing is assumed - other subjects are a plus.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas.The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks.The student masters commendably the course subject area’s concepts and models.The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply their knowledge in leisure, study and work situations.The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment methods and criteria

- A review tool for basics (10%) - to be reviewed prior
- Two Essays on critical Strategic Management issues
- A final schemata analysis on a company-country, or industry
1 = poor; 5 = Excellent (points: 50s = 1, 60s = 2, 70s = 3, 80s = 4, 90s and 100 = 5)

Qualifications

Core business studies or equivalent knowledge