ADM765 Strategic Management (Spring 2025)
- ECTS Credits:
- 7.5
- Responsible faculty:
- Avdeling for økonomi og samfunnsvitenskap
- Campus:
- Molde
- Course Leader:
- Mariyan Iliev Rizov
- Study level:
- {code=HN, name=Second degree level}
- Duration:
- ½ year
Table of contents
Contents
The course introduces students of management to the concepts and frameworks needed to make better strategic decisions. The goal of this strategy course is to reflect the dynamism and intellectual rigor of the fast-developing field of management and take account of the strategy issues that companies face today. Thus, the course endeavors to be both rigorous and relevant by combining concentration on the fundamentals of value creation and an emphasis on practicality.
The essential tasks of strategy are identifying the sources of superior business performance and formulating and implementing a strategy that effectively exploits these sources. At the same time, the content of the course reflects recent developments in the business environment and in strategy research. The main topics covered are:
- Introduction: The concept of strategy
- Firm goals, value, and performance
- Industry analysis fundamentals
- Resources and capabilities
- Organisation structure and management systems
- Sources of competitive advantage
- Industry evolution and strategic change
- Technological change and the management of innovation
- Vertical integration, diversification, and the scope of the firm
- Global strategy and internationalisation
- Implementing corporate strategy
The course is connected to the following study programs
- Master in Change and Management
- Master in Economics and Business Administration
- Exchange programme - Master's level
Recommended knowledge
Knowledge of microeconomics (undergraduate level) is desirable.
The student's learning outcomes after passing the exam
The students are expected to acquire a set of relevant knowledge competences and skills on completion of the course.
Knowledge
- Recognize the essential components of an effective strategy.
- Comprehend the theories that underly strategy analysis.
- Identify and describe the strategy of a business enterprise.
- Understand how strategy is made within organizations.
Skills
- Apply the tools of strategy analysis.
- Analyze the sources of competitive advantage.
- Develop successful corporate strategies.
Forms of teaching and learning
Coursework requirements - conditions for taking the exam
Exam
- Form of assessment: School exam
- Proportion: 100%
- Duration: 3 hours
- Grouping: Individual
- Grading scale: Letter (A - F)
- Support material: General dictionary in mother tongue/Norwegian/English in paper version