GRA 6240 Strategic Management for Business Control

GRA 6240 Strategic Management for Business Control

Course code: 
GRA 6240
Department: 
Strategy and Entrepreneurship
Credits: 
6
Program of study: 
Master of Science in Business
Course coordinator: 
Erik Aadland
Product category: 
Master
Portfolio: 
MSc in Business - Accounting and Business Control
Semester: 
2020 Spring
Active status: 
Active
Teaching language: 
English
Course type: 
One semester
Introduction

The course aims to develop the students’ managerial skills and abilities, enabling them to formulate, evaluate and understand different strategies for companies in pursuit of sustainable success in contexts characterized by increasing change and digitalization. The course emphasizes the application of strategic management theory in strategy analysis, formulation and implementation. The course will do so with a focus on different business models and contexts. The course presumes that the students have taken an introductory course in strategic management, and that the students are familiar with fundamental strategic management theories and analytical frameworks.

Learning outcomes - Knowledge

The student has

  • knowledge of relevant strategic management theory applications in contexts characterized by increasing change and digitalization.
  • knowledge of relevant strategic management process applications to real world problems facing companies
  • knowledge of how strategic management theories and processes inform the formulation, evaluation and choice of strategic courses of action.
Learning outcomes - Skills

The student can

  • analyze and manage the resource and activity configuration of companies
  • analyze and manage the change drivers, industry structure and stakeholders of companies and well as identifying positioning opportunities
  • select and apply appropriate strategy formulation processes for companies
  • develop relevant strategic options for companies
  • evaluate strategic options
  • identify and deal with challenges associated with leading and implementing processes of strategic change.
General Competence

The student can

  • apply knowledge of strategic management to the analysis and management of business cases
  • apply knowledge of strategic management to carry out strategy projects
  • communicate key strategic challenges, insights, and possible solutions in a concise and clear way
  • use knowledge of strategic management to identify alternative courses of action and innovative approaches.
Course content

PART 1. Assessing the firm’s resource and activity configuration
Managing strategic resources
Managing activity configurations within value chains, shops, networks
Business model opportunities

PART 2. Assessing influence of external environments
Managing change drivers
Managing industry structure
Stakeholder management
Firm positioning opportunities for sustainable advantage

PART 3. Formulating and evaluating strategies in different strategic settings
Managing strategic planning processes
Techniques for generating strategic alternatives
Managing processes of strategy emergence
Micro strategizing
Strategy development for business units
Strategy development for corporations
Strategy development in international operations
Techniques for evaluating strategic alternatives
Strategic choice and fit

PART 4. Strategic change and implementation
Managing strategic innovation
Leading and organizing for strategic change
Managing implementation processes

Teaching and learning activities

Teaching will be based on 12 three-hour sessions. Some sessions will consist of lecturing, class exercises, case study analyses, and class discussions. Students are expected to attend every class and participate fully in the exercises and case discussions. It is therefore imperative that students read the assigned material and case studies before class. Mini-cases and exercises may also be assigned in-class.

A collection of articles, assigned cases, hand outs, and online material.
All the reading material as well as issues covered during the lectures are examinable. Strategy is a field which is closely tied to current events. Students are strongly encouraged to follow business news in the media to enrich their experience and skill development.

Software tools
No specified computer-based tools are required.
Additional information

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.

This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course starts.

At resit, all exam components must, as a main rule, be retaken during next scheduled course.

Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Activity
Form of assessment:
Class participation
Exam code:
GRA62401
Grading scale:
Point scale
Grading rules:
Internal examiner
Resit:
All components must, as a main rule, be retaken during next scheduled course
30No1 Semester(s)Individual Class activities
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
GRA62401
Grading scale:
Point scale
Grading rules:
Internal and external examiner
Resit:
All components must, as a main rule, be retaken during next scheduled course
40No 48 Hour(s)Group ( 3 - 4)Case analysis. Home exam.
Exam category:
Submission
Form of assessment:
Structured test
Exam code:
GRA62401
Grading scale:
Point scale
Grading rules:
Internal examiner
Resit:
All components must, as a main rule, be retaken during next scheduled course
30Yes1 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Individual Multiple choice test
Exams:
Exam category:Activity
Form of assessment:Class participation
Weight:30
Invigilation:No
Grouping (size):Individual
Support materials:
Duration:1 Semester(s)
Comment:Class activities
Exam code:GRA62401
Grading scale:Point scale
Resit:All components must, as a main rule, be retaken during next scheduled course
Exam category:Submission
Form of assessment:Written submission
Weight:40
Invigilation:No
Grouping (size):Group (3-4)
Support materials:
Duration: 48 Hour(s)
Comment:Case analysis. Home exam.
Exam code:GRA62401
Grading scale:Point scale
Resit:All components must, as a main rule, be retaken during next scheduled course
Exam category:Submission
Form of assessment:Structured test
Weight:30
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration:1 Hour(s)
Comment:Multiple choice test
Exam code:GRA62401
Grading scale:Point scale
Resit:All components must, as a main rule, be retaken during next scheduled course
Type of Assessment: 
Continuous assessment
Grading scale: 
ECTS
Total weight: 
100
Sum workload: 
0

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.