Strategic Management

MGT 562 - Strategic Management (3-0-3)

The focus of this course is the strategic management process which involves the overall mission and objectives of the organization, internal analysis to determine strengths and weaknesses, external analysis to determine opportunities and threats, formulating corporate, business, and functional strategies, implementation of chosen strategies and courses of action, and evaluation and control of strategies to take corrective actions. Global strategies and environments will be covered as well. Emphasis will be placed on the building blocks of competitive advantage (efficiency, quality, innovation, and customer responsiveness) that underlie most strategies. Students will learn relevant concepts and techniques and will develop skills in strategic analysis and strategy formulationthrough variety of methods including business cases and simulation. Studentswill also learn to function as an effective member of a strategic team by working with others to analyze cases and solve business problems.