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Strategic Management

Type of study BachelorFollow-up Master
Language of instruction English
Code 115-0561/02
Abbreviation SM
Course title Strategic Management
Credits 4
Coordinating department Department of Management
Course coordinator prof. Ing. Petra Horváthová, Ph.D., MBA

Subject syllabus

1.Introduction to strategic management
- The basic terms
- Models of process strategic management
2.Principals of strategic management, mission, vision and goal
- Create mission and vision
- Define goals of company, structure of goals
3.Strategic analysis of external environment
- PEST analysis, 4C analysis
- Factors of branch
- Porter analysis, Competitor analysis, GAP analysis, Analysis of the life cycle of the branch, GAP analysis, Benchmarking.
4.Strategic analysis of internal environment
- Method of strategic advantage profile, matrix BCG, McKinsey 7-S Model, SPACE Analysis
5.Financial analysis and financial planning within company strategy
- Financial statements
- Vertical and horizontal analysis
- Ratio analysis
6.Forecasting and method of forecasting
- Mathematic and statistic method and heuristic methods
- Brainwriting, Brainstorming, Methods of Scenario, Benchmarking, Delphi Method
7.Typology of strategies
- Corporate Strategy, Strategy of Business Units, Operational Strategy, Process Strategy
- Porter’s strategy, Matrix of Ansoff, Meffert’s strategy, Blue and Red ocean strategy
- Criteria to determine the optimal strategic choice
8.Implement strategy
- Principals of implementation
- Types of implementation
9.Strategic control
- Balanced Scorecard
10.Risk and crisis in strategic management
- Structure of risk and crisis
- Methods of risk elimination
11.Importance of innovation in strategic management

Literature

DESS, Gregory. ISE Strategic Management: Text And Cases. 11th ed. New York: McGraw-Hill Education, 2023. ISBN 978-1-2662-0046-5 .
MATHIESON, David F. Strategic Management: A Competitive Advantage Approach, Concepts and Cases. 17th ed. New York: Person, 2022. ISBN 978-129-24-4140-5 .
THOMPSON, John; SCOTT, Jonathan M. a MARTIN, Frank. Strategic management: awareness and change. 9th ed. London: Cengage Learning, 2019. ISBN 978-1473767423 

Advised literature

ALTENRIED, Moritz. The Digital Factory. The Human Labor of Automation. Chicago: The University of Chicago Press, 2022. ISBN 978-022-681-549-7 .
HACLEY, Chris. Qualitative Research in Marketing and Management. 2nd ed. Abingdon: Routledge, 2020. ISBN 978-1-138-33221-8.
SOUCHON, Lennart. Strategy in the 21st Century. The Continuing Relevance of Carl von Clausewitz. Hanover: Springer, 2020. ISBN 978-3-030-46027-3 .