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There are 4 modules in this course
Unlock the essential principles of strategic management with this comprehensive specialization. Dive into business strategy formulation, implementation, and evaluation to develop competitive advantages and integrate organizational culture. Explore advanced frameworks like SWOT analysis, VRIN model, and Porter's Value Chain. Enhance your management skills, navigate complex environments, and solve real-world business challenges through practical projects and case studies.
This module provides an introduction into the strategic management theories and its practical application. It covers: mission and goal formation, stakeholder theories, corporate governance, and business ethics. In addition to these topics, this module equips you with the strategy toolbox that includes: external and internal analysis, corporate level strategies and business level strategies, strategic decision making and at the end overall evaluation of strategy implementation and evaluation.
What's included
2 videos15 readings5 assignments
Show info about module content
2 videos•Total 6 minutes
Welcome to strategic management•2 minutes
Foundations of strategic management•4 minutes
15 readings•Total 147 minutes
Module overview •10 minutes
Meet the teaching team•2 minutes
Reflection activities•10 minutes
Foundations of business strategy overview•10 minutes
Critical thinking and strategic management •15 minutes
Key terms•10 minutes
Formulation, implementation, and evaluation•10 minutes
Mission and vision statements•10 minutes
The strategic management model•10 minutes
Benefits of strategic management•10 minutes
Strategic planning•10 minutes
Guidelines for effective strategic management•10 minutes
Strategic approach•10 minutes
Activity: Netflix case study•10 minutes
Foundations of business strategy summary•10 minutes
5 assignments•Total 135 minutes
Test Yourself: Foundations of business strategy•30 minutes
Reflection submission: mission and vision statements•30 minutes
Reflection submission: Guidelines for strategic management (Feedback Missing)•30 minutes
Let's Practice: Foundations of business strategy•15 minutes
The internal business environment
Module 2•5 hours to complete
Module details
This week, the module delves into strategic capabilities such as physical, financial, and human resources. It covers SWOT and VRIN analyses applied to organizations like IBM and McDonald’s, and examines Porter’s Value Chain. Additionally, the module equips you with the skills to critically analyse strategic capabilities and understand strategic positioning. By the end of the week, you should be able to apply these concepts effectively.
What's included
2 videos23 readings3 assignments
Show info about module content
2 videos•Total 3 minutes
Welcome to The internal business environment•1 minute
Introducing SWOT analysis•2 minutes
23 readings•Total 250 minutes
The internal business environment overview•10 minutes
Defining strategic capabilities•10 minutes
Physical capabilities•10 minutes
Financial capabilities•10 minutes
Human capabilities•10 minutes
Achieving Longevity•10 minutes
SWOT analysis•10 minutes
IBM SWOT•10 minutes
TOWS matrix•10 minutes
Activity: Putting SWOT and TOWS into practice•10 minutes
Primary vs. support activities - differences•10 minutes
How the value chain links with VRIN analysis•10 minutes
Overview•10 minutes
Design a training programme•10 minutes
The Butterfly effect•10 minutes
How to integrate strategy and culture•10 minutes
Getting the best out of people•10 minutes
Sustainable competitive advantage and how to achieve it•10 minutes
The internal business environment summary•10 minutes
3 assignments•Total 75 minutes
Test Yourself: The internal business environment•30 minutes
Activity submission: Training programme•30 minutes
Let's Practice: The internal business environment•15 minutes
The external business environment
Module 3•6 hours to complete
Module details
This week, the module delves into the external business environment. It covers strategic positioning analysis, including Porter’s Five Forces and the PESTEL framework. Additionally, the module examines scenario planning and the industry lifecycle. By the end of the week, you should be able to identify key drivers in the macro environment, critically analyse the external environment, and evaluate the complexities of strategic management in dynamic contexts.
Welcome to The external business environment•1 minute
Porter's five forces overview•2 minutes
25 readings•Total 285 minutes
The external business environment overview•10 minutes
Strategic Positioning Analysis•45 minutes
Applying the model•10 minutes
The Macro Environment•10 minutes
PESTEL Framework•10 minutes
Applying PESTEL•10 minutes
Key terms•10 minutes
Scenario Planning•10 minutes
Alternative possible environments•10 minutes
Porter’s Five Forces Framework•10 minutes
Threat of Entry•10 minutes
Threat of Substitutes•10 minutes
Bargaining Power of Buyers•10 minutes
Bargaining Power of Suppliers•10 minutes
Rivalry between competitors•10 minutes
Factors that affect the strengths (in isolation/each force)•10 minutes
Benefits and challenges of using this framework•10 minutes
Collective strengths•10 minutes
Industry Lifecycle and Strategic Groups•10 minutes
Strength in numbers - the value in collaboration•10 minutes
Opportunities and threats•10 minutes
Drivers of Change•10 minutes
Common drivers of industry change•10 minutes
Reflection - Your ideas and experiences•10 minutes
The external business environment summary•10 minutes
2 assignments•Total 45 minutes
Test Yourself: The external business environment•30 minutes
Let's Practice: The external business environment•15 minutes
1 discussion prompt•Total 10 minutes
Reflection: Macro environment•10 minutes
Dynamic capabilities
Module 4•3 hours to complete
Module details
This week, the module delves into dynamic capabilities. It covers the VUCA model and its application, the evolution of strategic management, and the differences between ordinary and dynamic capabilities. Additionally, the module examines how dynamic capabilities can be contextualized in uncertain environments. By the end of the week, you should be able to apply the VUCA model, critically analyse the evolution of strategic management, and understand the role of dynamic capabilities in business performance.
What's included
1 video15 readings2 assignments
Show info about module content
1 video•Total 2 minutes
Welcome to Dynamic capabilities•2 minutes
15 readings•Total 150 minutes
Dynamic capabilities overview•10 minutes
Evolution of strategic management•10 minutes
From predictability to unpredictability•10 minutes
What is VUCA•10 minutes
Application of the VUCA model•10 minutes
The usefulness of SWOT into VUCA•10 minutes
Why do we need capabilities?•10 minutes
Different capabilities•10 minutes
Sensing, seizing, and transforming•10 minutes
Stable vs. unstable•10 minutes
Dynamic capabilities and business performance•10 minutes
Example - Pepsi•10 minutes
From ordinary to dynamic - Walmart case study•10 minutes
Dynamic capabilities summary•10 minutes
Summary of the course and next steps•10 minutes
2 assignments•Total 45 minutes
Let's Practice: Dynamic capabilities•15 minutes
Test Yourself: Dynamic capabilities•30 minutes
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Taking this course by University of Huddersfield may provide you with a preview of the topics, materials and instructors in a related degree program which can help you decide if the topic or university is right for you.
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Prepare for a degree
Taking this course by University of Huddersfield may provide you with a preview of the topics, materials and instructors in a related degree program which can help you decide if the topic or university is right for you.
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.