Study Guide

Objective

After studying this course the student will be capable of performing the following:
• Apply various tools and instruments such as SWOT and PESTE analysis to make strategic decisions in an organization and thus, determine when a particular strategy is most appropriate to use
• Apply the knowledge gained in the course to formulate corporate strategy, implement and evaluate the entire strategic management cycle
• Determine when good ethics is good business in strategic management and apply this moral thinking in decision making.

Content

• The nature of strategic management – using the strategic management model
• The importance of vision and mission statement for a business organization
• Why internal and external audits are important to a business firm
• Different strategies firms apply in the face of competition
• Business ethics in business

Teaching methods

Lectures, Teamwork, and Presentations

International connections

Constructivism, reflective, inquiry-based, and experiential learning

Student workload

135 hrs
• Individual assignments (30h)
• Group assignments (30)
• Studying the recommended literatures (42h)
• Final group project work (33h)

Content scheduling

After studying this course the student will be capable of performing the following:
- Apply the knowledge gained in strategic management process model to develop a strategy
- Apply various tools and instruments such as SWOT and PESTE analysis to make strategic decisions in an organization and thus, determine when a particular strategy is most appropriate to use
- Apply the knowledge gained in the course to formulate corporate strategy, implement and evaluate the entire strategic management cycle
- Determine when good ethics is good business in strategic management and apply this moral thinking in decision making.

Further information

For more information contact:
Dr. Otieno Mbare
Email: Otieno.Mbare@turkuamk.fi
Tel. +358 40 355 0175
Room (??)

Evaluation scale

H-5

Assessment methods and criteria

Assesment is on a scale of 1 - 5, where:
1 = Mediocre, 2 = Satisfactory, 3 = Good, 4 = Very Good, 5 = Excellent
.
.
Consider active participation as necessary for your grades, 10%
Assignments constitutes 40% of your grade
Exam, 50%

Assessment criteria, fail (0)

Failed:
- Quantity: the work is not completed and or;
- Quality: the minimum content requirements are not met

Assessment criteria, satisfactory (1-2)

Acceptable, but below average / Satisfactory:
- Research, thinking and communication are hardly acceptable
- Appear to grasp theory and have made a start in showing its applicability

Assessment criteria, good (3-4)

Satisfactory/Very Good
- Research, thinking, and communication are satisfactory (3);
- General understanding of theory and application in real-life context (4)
- Research, thinking, and communication are very good (4)
- Understanding of theory and applicability but work could be stronger (3)

Assessment criteria, excellent (5)

Outstanding:
- Mastery of theory and penetrating insights in real-life context;
- Outstanding research, thinking, and communication