Strategic Management

Paper Code: 
MHR 323
Credits: 
4
Contact Hours: 
60.00
Objective: 
  • This course aims at helping students think about some of the important ethical implications of the day to day happenings and practices of Indian Industry & Business
  • To improve ethical reasoning by correlating moral concepts to business practices, clarification of the values that determine managerial behavior
  • To understand Indian Ethos and Values is an important feature of this paper
12.00
Unit I: 

Corporate Strategy: Concept, Strategic m,anagement process

Strategic Formulation- Strategic intent, vision, mission, business definition and objectives

 

12.00
Unit II: 

Environmental Scanning: External( Macro & Micro environment appraisal), Porters' Five forces model for Indutry analysis, organization appraisal, SWOT Analysis

12.00
Unit III: 

Choice of Strategy: Concept, process, evaluation of alternatives, decision factors, contingency approach.

Portfolio Analaysis: BCG Matrix, GE Nine Cell Matrix, Gap Analysis

12.00
Unit IV: 

Corporate Level Strategy: Growth, Stability, Retrenchment Combination

Business Level Strategy: Porters' Generic Business strategies, Cost Leadership, Differentiation & Focus

Comeptitive Advantage and Core Competence, Blue Ocean Strategy

Functional Level Strategies- Elementary Knowledge only

12.00
Unit V: 

Strategic Implementation:

 Concept, Aspects and Issues in Strategic Implementation.

Evaluation and Control:

Meaning of Strategic control, Elements of a Strategic control system- Feed forward control, Feedback control and concurrent control.

* A minimum of one case study will be discussed per unit of the syllabi

Essential Readings: 
  • Prasad, L M. (1995), Business policy & strategy, New Delhi: Sultan Chand & Sons
  • Azar Kazmi, Business Policy and Strategic Managemnt
References: 
  • David F R(1997), cases in strategic management, New Jersey, Prentice Hall
  • Jauch, L R & Glueck, WF, Business policy and Strategic management, Mc Graw-Hill
  • Thompson & Strickland, Strategic Management-Concepts and Cases, Tata McGraw Hill Publishing Co. Ltd., New Delhi
Academic Year: