Overview

In a globally competitive environment where the ability to manage effectively in a context of continuous change is a paramount managerial skill, an understanding of the principles and processes of corporate strategy is a crucial determinant of managerial effectiveness. By analysing strategic decision making within business, this module enables students to develop a critical understanding of the strategic process of business management. The module will also develop an understanding of the interconnections between the other functional domains within a business.

Assessment Strategy

Threshold C- to C+ (50-59%): Satisfactory performance. No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. Knowledge of key areas/principles only. Weaknesses in understanding of some areas. Limited evidence of background study. Answer inadequately focused on task and with some irrelevant material and poor structure. Arguments presented but lack coherence. Minor factual/computational errors. Lacking original interpretation.

Good B- to B+ (60-69%): Good performance. Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. Understands most but not all concepts/issues. Evidence of background study. Focused answer with good structure. Arguments presented coherently. Mostly free of factual errors. Some limited original interpretation. Well known links between topics are described. Problems addressed by existing methods/approaches. Good presentation with accurate communication

Excellent standard: 70+ An outstanding performance, exceptionally able. The relevant information is accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

Learning Outcomes

• Critically assess the importance of corporate Strategy in a contemporary context

• Critically comprehend the implications of different strategic decisions for the firm

• Critically evaluate and appropriately apply alternative strategies and tools involved in management.

• Critically evaluate the subject specific roles, features and relationships within and between firms.

• Demonstrate the ability to make informed management and leadership judgements and decisions.

• Question, critically assess and apply apposite management theory to complex questions.