Teaching Responsibility
LJMU Schools involved in Delivery:
Liverpool Business School
Learning Methods
Workshop
Module Offerings
7203LODMS-APR-MTP
7203LODMS-JAN-MTP
7203LODMS-SEP-MTP
Aims
This module aims to introduce theories of strategy formulation, implementation and change. The module will equip students to practically apply external and internal analysis, use methods, tools and models to identify needs for change, and initiate it within organisations to maintain competitive advantage.
Learning Outcomes
1.
Developing an understanding of strategic management formulation, implementation and change, their overall processes and their importance.
2.
Ability to analyse and evaluate external environment and internal capabilities of an organisation and identify, exploit and implement strategic choices that would best support change that could achieve sustainable strategic advantage.
3.
Ability to develop a strategic plan for change and implement it by analysing internal condition, and having the suitable structure to implement the appropriate business and corporate strategies, and performance management system for continuous improvement.
4.
Critically evaluate current and contemporary theories and practices on managing strategic change to develop, implement, and maintain sustainable competitive advantage.
Module Content
Outline Syllabus:
1) What is strategy formulation, implementation and change?
2) External analysis (Analyse Industry, Strategy group, and Competitors)
3) Internal analysis (Internal audit, Business strategy, Corporate strategy, and structure for implementation)
4) Current and contemporary theories and practices of managing strategic change and continuous improvement for sustainable competitive advantage
1) What is strategy formulation, implementation and change?
2) External analysis (Analyse Industry, Strategy group, and Competitors)
3) Internal analysis (Internal audit, Business strategy, Corporate strategy, and structure for implementation)
4) Current and contemporary theories and practices of managing strategic change and continuous improvement for sustainable competitive advantage
Module Overview:
This module introduces you to theories of strategy formulation, implementation and change. The module will equip students to practically apply external and internal analysis, use methods, tools and models to identify needs for change, and initiate it within organisations to maintain competitive advantage.
This module introduces you to theories of strategy formulation, implementation and change. The module will equip students to practically apply external and internal analysis, use methods, tools and models to identify needs for change, and initiate it within organisations to maintain competitive advantage.
Additional Information:
This module is part of the MSc Programme. For Students on the Apprenticeship (SLMDA - 36519) the following standards are covered – A1 Knows how to shape organisational vision, culture and values A2/A3/A4/A5/A6/A7 Understands organisational structures; business modelling, diversity, global perspectives, governance and accountability; the external environment, social, technological and policy implications A8 Understands new market strategies, changing customer demands and trend analysis A9 Uses horizon scanning and conceptualisation to deliver high performance strategies focusing on growth/sustainable outcomes B3 Understands drivers of change and new ways of working across infrastructure, processes, people and culture and sustainability C3 Understand corporate social responsibility C8 Challenges strategies and operations in terms of ethics responsibility, sustainability, resource allocation and business continuity/risk management D3 Understands how to evaluate financial and non-financial information G2/G3 Has knowledge of the external political environment and how to use diplomacy with diverse groups of internal and external stakeholders
This module is part of the MSc Programme. For Students on the Apprenticeship (SLMDA - 36519) the following standards are covered – A1 Knows how to shape organisational vision, culture and values A2/A3/A4/A5/A6/A7 Understands organisational structures; business modelling, diversity, global perspectives, governance and accountability; the external environment, social, technological and policy implications A8 Understands new market strategies, changing customer demands and trend analysis A9 Uses horizon scanning and conceptualisation to deliver high performance strategies focusing on growth/sustainable outcomes B3 Understands drivers of change and new ways of working across infrastructure, processes, people and culture and sustainability C3 Understand corporate social responsibility C8 Challenges strategies and operations in terms of ethics responsibility, sustainability, resource allocation and business continuity/risk management D3 Understands how to evaluate financial and non-financial information G2/G3 Has knowledge of the external political environment and how to use diplomacy with diverse groups of internal and external stakeholders