Fundamentals of Strategic Management (FOSM)

Course description

In an expanding world where economic, political, social and technological environments becoming increasingly dynamic, the field of strategy has never had greater significance, nor has it been more multifaceted for organizations competing in the marketplace. Strategy is the process of defining objectives and moving towards the achievement of those objectives in a business, government, or not-for-profit context. Moreover, the context of local, national and international issues facing organizations is both diverse and challenging and the need for thinking, analysis, and decision-making are considered rudiments of strategic management. This course on 'Fundamentals of Strategic Management' introduces the concept of strategy and explores the basic tenets of strategic purpose, strategic analysis, business and corporate level strategies and the dynamic nature of strategy in organizations. This course also aims to provide students an understanding of contemporary perspective of strategic management.

Intended Learning Outcomes

Intended Learning Outcomes The overall aim of the course is to outline and critically discuss the role of strategy in today's environment. Upon completion of the course, students should be able to:

Knowledge and understanding
1. Recognize the environmental complexities and challenges in strategic management
2. Identify the strategic purpose (i.e. vision, mission and values) of an organization

Skills and abilities
3. Outline the strategic analysis of external and internal environments of organizations
4. Reflect on the dynamic nature of strategy in organizations

Judgement and approach
5. Discuss and critically evaluate business and corporate level strategies of organizations
6. Critically assess the role of strategy in different competitive contexts

Change semester  

Course title:
Fundamentals of Strategic Management
Semester: Spring term 2020
Study period: 1
Rate of studies: 100%
Level: Undergraduate level (first cycle)
Credits: 7.5
Language of instruction: English

Course code: fe3235



Course coordinator:
Ezra Alexander
Head of course:
Krishna Venkitachalam
Krishna Venkitachalam
Student services:
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