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Strategic management

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Course Unit Code545-0140/01
Number of ECTS Credits Allocated4 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *Second Cycle
Year of Study *Second Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
CER25Ing. Igor Černý, Ph.D.
VAN74doc. Ing. Michal Vaněk, Ph.D.
Summary
Learning Outcomes of the Course Unit
Students will be able to characterize the basic principles of corporate strategy and strategic management Students will be able to formulate the basic tools of strategic analysis of the company Students will be able to use their knowledge to decide on the suitability of a specific analysis of the company Students will be able to apply their theoretical knowledge to proposals to improve the strategic position of the company
Course Contents
1. Introduction and essence of strategic management - activities realized within the frame of strategic management, characteristics of the current strategic management.
2. Mission (mission) and the strategic objectives of the organization - the definition of the mission, the importance of practical problems. Defining strategic objectives, targets properties, ensuring not to conflict objectives at different levels of management.
3. Strategic analysis of the company surroundings - objective of the analysis area, business area structure analysis methods surroundings. PEST Analysis - the main macro factors and their impact on business.
4. Porter's five forces model - finish its applications to identify the factors affecting the intensity of forces. Life cycle analysis of industry - and phase characteristics of the different stages and methods of their determination. Analysis of competing groups - definition of competing groups, the main characters for their identification, how to create maps of competing groups. Future scenarios around the company.
5. Analysis of the internal potential of the company - aim and methods of analysis, definition of audit resources and the process of its implementation. Analysis of key competencies - the definition of key competencies, target and implementation process of the analysis. Analysis of the value chain - definition, implementation objective analysis. Benchmarking - the definition and types of benchmarking, target and implementation process.
6. SWOT analysis - objective analysis and implementation process, determine the strategic position of the company, the choice of an appropriate strategy. - Levels of strategic management in the enterprise - defined levels of strategic management and relevant strategies, content strategies at different levels.
7. Strategic alternatives at company level - characteristics of growth / expansion, stabilization, reduction / defensive attitude, mold growth. Basic strategies at the enterprise level - characteristics of concentration, market development, product development, innovation, horizontal integration, vertical integration, Joint Venture, focused diversification, diversification compound, rearrangement, reduction and disposal.
8. Entry strategies of companies in foreign markets - types of strategies, their definitions, examples, advantages and disadvantages. Export and import operations (relations, contracts of exclusive sales, dealership, brokerage and agency relationships, Piggyback, direct export, export alliance). Forms low capital investment (licensed stores, franchising, management contracts, processing operations, production cooperation). Capital investment to foreign markets (acquisition, merger, Greenfield Investment, Joint Venture, Strategic Alliance)
9. A strategy based on the analysis of the portfolio company - the goal of portfolio analysis firm, BCG matrix and its characteristics, the definition of groups of fields, strategies appropriate for each of the groups, the process of implementation BCG analysis.
10. Porter's competitive strategy - defining assumptions and strategies to achieve leadership in cost, differentiation strategy and focus strategy. - A strategy based on life-cycle analysis of industry - strategies appropriate for the stage of birth / introduction, growth, maturity / maturity / aging decline.
11. Functional strategy - the main subject of interest marketing strategy, finance, manufacturing, human resources, research and development. Evaluation and selection strategy - the characteristics of the basic criteria for evaluation of the strategy, suitability, feasibility and acceptability.
12. Financial and economic evaluation of business strategies - objectives, progress and outcomes financially economic evaluation strategies. The use of multi-criteria decision making in strategic management - the application of multi-criteria decision making in strategic management, process application methods multi-criteria decision-making methods for determining materiality criteria and preferential arrangement options.
13. The implementation strategy of the company - ways to make a strategy requiring a change in organizational structures and their characteristics.
14. Strategic control and strategic audit - compared to "classic" and strategic control, basic forms of strategic control and their characteristics. Strategic audit - concept, purpose and nature of the audit.
Recommended or Required Reading
Required Reading:
PEARCE, J. G., SCHOLES, K., WHITTINGTON, R. [i]Exploring corporate strategy.[/i] Prentice Hall, 2008
TOMEK, Gustav a Věra VÁVROVÁ. [i]Jak zvýšit konkurenční schopnost firmy.[/i] 1. vyd. Praha: C. H. Beck, 2009. ISBN 978-80-7400-098-0.
LHOTSKÝ, Jan. [i]Strategický management: Jak zajistit budoucí úspěch podniku.[/i] Brno: Computer Press a.s., 2010. ISBN 978-80-251-3295-1.
VILAMOVÁ, Šárka. [i]Strategický management.[/i] Ostrava: VŠB-TUO, 2015. ISBN 978-80-248-3727-7.
Recommended Reading:
PEARCE, J., ROBINSON, R. [i]Strategic management.[/i] McGraw-Hill, 2010.
KEŘKOVSKÝ, Miloslav a Oldřich VYKYPĚL. [i]Strategické řízení – teorie pro praxi.[/i] Praha: C. H. Beck, 2006.
GILAD, B. [i]Strategické válečné hry v podnikání, Jak firmy mohou zásadně zlepšit své strategie a překonat konkurenci.[/i] 1. vyd. Praha: Management Press, 2010. ISBN 978-80-7261-216-1.
ZUZÁK, R. [i]Strategické řízení podniku.[/i] 1. vyd. Praha: Grada Publishing, a.s., 2011. ISBN 978-80-247-4008-9.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit30 16
        ExaminationExamination70 35