Strategic Management (MBA)

Instructor:           Dr. Sunhat Alotaibi

Office Hours:                                             Office:                  Telephone:          
E-Mail:                [e-mail]                    
______________________________________________________________________
Strategic management
Strategic management is concerned with the question "what do general mangers (CEO's) do?" It centers on making the strategic choices for the company and managing its competitive position in order to ensure its survival and success.
This course will equip you with the frameworks, tools, and concepts you need to analyze and understand the sources of superior performance. It is an integrative capstone course designed to help students to study and experience sets of multifunctional problems that confront top management. This course requires the use of knowledge and skills in multiple functions (i.e., accounting, finance, marketing, etc.) to study organizational problems within the context a dynamic environment.
OBJECTIVES

• To introduce students to the puzzle of strategic issues and problems.
• To acquaint students with the peculiarity of top management as opposed to functional management (what do general managers do?).
• To actively increase students' involvement in the exploration of current ideas, issues, problems and techniques associated with processes of Strategic Management.
• To familiarize students with the current literature and theories of Strategic Management.

Content:

1. The concept of STRATEGY

What is strategy?
Why it is important?
What are the differences between strategic and non strategic issues or decisions?

• Comparing strategy vs tactics?

Concept of FIT
2- The Strategic Management Framework?
                                           STRATEGIC MANAGEMENT
Processes                                                                                                Content
(How strategy is made?)                                                        (What is in the strategy?)
 
Formulation   Selection    Implementation &Control          Corporate  Business   Functional

1. Levels of strategy (strategic management)
2. Process of strategic management (how)
3. The mission

                Importance of mission
                How companies write their missions

1. Strategic Formulation

         Strategic analysis

• External Analysis

Analyzing the External Environment
Go deep into the Industry Structure

• Internal analysis

Analyzing internal Competencies to sustain..
>>>>>>>Competitive advantage 
Q-
Managers should bring the external and internal analyses together to consider the formulation and implementation of strategies that can create and sustain competitive advantage

1. Strategic Choice

        Selecting a STRATEGY
                  Content of strategy (what)
        Generic strategies
        Corporate strategies
         Functional strategies

1. Strategic Implementation

     Issues of implementation
Strategy and Organizational structure
Strategy and Organizational culture

1. Strategic Control

• Selected topic in strategic management
• Analyzing cases in strategic management

                               
Text Book:  
 

 

Strategic Management
An Integrated Approach
Sixth Edition
Charles W. L. Hill, University of Washington
Gareth R. Jones, Texas A&M University
 
 
 
 
Readings (handouts)

1. Mintzberg, Five Ps for strategy.
2. Mintzberg and Waterman, Off strategies deliberate and emergent.
3. Chafee, Three models of strategy.
4. Porter, How competitive forces shape strategy.
5. Waterman et. al. The 7s framework.
6. Mintzberg, The structuring of organization.
7. Porter, From competitive advantage to corporate strategy.

      And more…..
 
Grades:
 
Mid-term                              30
Quizzes/assignments            15
Final                                     30
Research paper                     10
Case analysis                        10
 Misc.                                      5
 
Class Participation
Your participation in class is essential to your own learning and that of your peers.  Please come to class having read the assigned case, having thought about the assignment questions, and anticipating how the concepts and frameworks in the textbook (and other assigned readings) relate to the issues in the case.
In evaluating class participation, I will be asking the following questions:

1. Do the comments reflect careful analysis?
2. Do the comments add to our understanding of the situation?
3. Is there a willingness to try new ideas?