Lecture 1: Introduction to Strategic Management

Business & Economics - Lecture 1: Introduction to Strategic Management - 32 slides

Explore Lecture 1: Introduction to Strategic Management, covering This lecture provides an overview of strategic management, covering its definition, significance, evolution, and role.

Topics Covered

  • Introduction to Strategic Management
  • What is Strategic Management?
  • Importance of Strategic Management
  • Evolution of Strategic Thought
  • Vision and Mission Statements
  • Setting Organizational Goals
  • SWOT Analysis: Overview
  • Conducting a SWOT Analysis
  • Functional Strategy Explained
  • Real-World Example: Successful Strategic Management
  • Case Study: Strategic Failures
  • The Role of Leadership in Strategic Management
  • Measuring Strategic Performance
  • Feedback Loops in Strategic Management
  • Adapting to Change in Strategy
  • Future Trends in Strategic Management
  • Challenges in Strategic Management
  • Ethics and Corporate Social Responsibility
  • Real-World Application: Strategic Management in Tech
  • Key Terminology in Strategic Management
  • The Role of Strategic Management Today
  • Dynamic Business Landscape Overview
  • Core Components of Strategic Management
  • The Strategic Management Process
  • Porter's Five Forces Model
  • Understanding Competitive Advantage
  • Value Chain Analysis
  • Balanced Scorecard Approach
  • Innovation and Strategic Management
  • Risk Management in Strategic Planning
  • Key Researchers in Strategic Management
  • Summary of Key Concepts

References

  • Hill, C.W., Jones, G.R., and Schilling, M.A. (2014) Strategic Management: Theory: An Integrated Approach. 11th edn. Stamford, CT: Cengage Learning.
  • Barney, J. (1991) 'Firm Resources and Sustained Competitive Advantage', Journal of Management, 17(1): 99-120.
  • Mintzberg, H. (1994) The Rise and Fall of Strategic Planning. New York: Free Press.
  • Porter, M.E. (1979) 'How Competitive Forces Shape Strategy', Harvard Business Review, 57(2): 137-145.
  • Collins, J.C. and Porras, J.I. (1994) 'Built to Last.' HarperBusiness.
  • Doran, G.T. (1981) 'There's a S.M.A.R.T. way to write management's goals and objectives.' Management Review.
  • Humphrey, A.S. (1960s) SWOT Model.
  • Kotler, P. and Armstrong, G. (2022) Principles of Marketing. Pearson UK.
  • Hill, C. and Jones, G. (2020) Strategic Management Theory: An Integrated Approach. 13th edn. Boston: Cengage Learning.
  • Johnson, G., Scholes, K. and Whittington, R. (2020) Exploring Strategy: Text and Cases. 12th edn. London: Pearson Education.
  • Collins, J. (2001) Good to Great. London: HarperCollins.
  • House, R.J. (1971) 'A Path-Goal Theory of Leadership', Administrative Science Quarterly.
  • Kaplan, R.S. and Norton, D.P. (1992) 'The Balanced Scorecard – Measures that Drive Performance', Harvard Business Review.
  • Senge, P.M. (1990) The Fifth Discipline: The Art and Practice of the Learning Organization. London: Random House.
  • Argyris, C. and Schön, D.A. (1978) Organizational Learning: A Theory of Action Perspective. Reading, Mass: Addison-Wesley.
  • Van der Heijden, K. (2005) Scenarios: The Art of Strategic Conversation. 2nd edn. Wiley.
  • Schwaber, K. and Sutherland, J. (2020) The Scrum Guide. 2020 edition.
  • Day, G.S., Gordon, R., and Huddart, S. (2023) 'Strategic Optimization through AI Frameworks.' Journal of Strategy Performance.
  • Porter, M.E., and Kramer, M.R. (2011) 'Creating Shared Value', Harvard Business Review.
  • Grant, R.M. (2016) Contemporary Strategy Analysis. 9th edn. Wiley.
  • Hitt, M.A., Ireland, R.D. & Hoskisson, R.E. (2020) Strategic Management: Competitiveness and Globalization. 13th edn. Cengage Learning.
  • Barney, J.B. & Hesterly, W.S. (2021) Strategic Management and Competitive Advantage. 6th edn. Pearson.
  • Johnson, G., Scholes, K. & Whittington, R. (2020) Exploring Strategy: Text & Cases. 12th edn. Pearson Education.
  • Mintzberg, H., Ahlstrand, B. & Lampel, J. (2015) Strategy Safari: A Guided Tour Through the Wilds of Strategic Management. 3rd edn. Pearson Education.
  • Porter, M. (1979) Competitive Strategy. New York: Free Press.
  • Barney, J.B. (1991) Firm Resources and Sustained Competitive Advantage. Journal of Management Studies, 17(1), pp.99-120.
  • Barney
  • Kaplan, R.S. and Norton, D.P. (1992) The Balanced Scorecard: Measures That Drive Performance. Harvard Business Review.
  • Christensen, C.M. (1997) The Innovator's Dilemma. Boston: Harvard Business School Press.
  • Hubbard, D.W. (2020) The Failure of Risk Management: Why It’s Broken and How to Fix It. Hoboken: Wiley.
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