The course should enable the student to:
- To provide understanding of the strategic management model, its components and processes.
- To provide understanding of the relationship between strategic management and business and corporate objectives and strategies.
- Learn how to make business decisions based on strategic management analysis.
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The students should be able to:
- Describe the fundamentals of business strategy, the strategic process and business objectives.
- Describe and analyze the internal and external business environment of an organization.
- Identify key elements in business planning and performance measurement.
- Explain the concept of competitive advantage and conduct a simple analysis of an organization’s competitive position.
- Identify the ways in which businesses fulfill their responsibilities to different groups of people and institutions.
- Explain the impact upon business of contemporary developments such as globalization and technological advances.
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