PART B - STRATEGIC MANAGEMENT [50 MARKS]
1. Introduction to Strategic Management:
(a) Meaning and Nature of Strategic Management.
(b) Importance and Limitations of Strategic Management.
(c) Strategic Intent – Vision, Mission, Goals and Values.
(d) Strategic Levels in Organizations (Network, Corporate, Business and Functional).
2. Strategic Analysis: External Environment:
(a) International and Macro Environment: PESTLE Analysis.
(b) Defining the industry for analysis (Value Chain, PLC).
(c) Porters Five Forces – Industry environment analysis.
(d) Understanding customers and markets.
(e) Competition in the industry.
3. Strategic Analysis: Internal Environment:
(a) Understanding key stakeholders (Mendelow’s Model).
(b) Strategic drivers (Industry & markets, Customers, Channels, Product & Services, Competitive Advantage).
(c) The role of resources and capabilities.
(d) Combining external and internal analysis (SWOT Analysis).
(e) Gaining competitive advantage (Michael Porter’s Generic Strategies).
4. Strategic Choices:
(a) Strategic Choices: Concentric, Conglomerate, Market Development, Product Development, Innovation, Horizontal integration, vertical integration, Turnaround, Divesture, Liquidation.
(b) How to Develop Strategic Options:
i. Ansoff’s Matrix
ii. ADL Matrix
iii. BCG Matrix
iv. GE Matrix
5. Strategy Implementation and Evaluation:
(a) Implementation: Formulation vs. Implementation Matrix, Linkages, and Issues.
(b) Strategic Change through Digital Transformation.
(c) Organization Structure (hard) and Culture (soft).
(d) Strategic Leadership.
(e) Strategic Control.
(f) Strategic Performance Measures.