This paper aims to develop your ability to think strategically about an organisation's current and future situation. It builds on your knowledge and understanding of the basic management concepts from your earlier core papers and/or other experience. You review many of the conventional strategic management concepts, as well as a series of the latest models for handling strategic issues and processes. Cases are used throughout the paper to illustrate key concepts and to develop your skills in strategic analysis and strategic thinking.

The vast majority of managers concern themselves with operational aspects of business (what we do), rather than placing emphasis on strategy (why we do what we do...). This is partly due to poor training, partly due to inability but largely because most managers do not understand the importance of long-term visionary strategy, rather than short-term operational activities. Strategic Management is concerned with setting future direction, crafting and implementing strategies to improve the future prospects and performance of organisations. In adopting a total enterprise perspective to ensure all resources are managed effectively and efficiently, this paper requires integration of knowledge from all the functional areas of management. While internal resources, capabilities and competencies provide the basis for an organisation’s strategy, the potential impact of external influences from the remote, industry and competitive environment also needs to be considered.

STMGT303 is delivered through: lectures, workshops and tutorials which are all applied and interactive. Students are expected to attend all workshops and tutorials, as there is significant group work and in class assessment.

At this stage, there is only one tutorial time slot for STMGT303.

Study teams are used for activities in class and for assigned tasks and informal study outside class time. Teams are self-selected and are comprised of 4-5 members from your tutorial.

PowerPoints will be available on the course Moodle page. It is recommended that students bring a copy (electronic or hard copy) of the PowerPoints to each lecture/workshop and tutorial to help make note taking easier.

The following text is recommended for this paper:

Thompson, J.L., Scott, J.M. and Martin, F. (2022) Strategic Management: Awareness and Change, 10th edition, Cengage Learning: Andover.

Also cases and additional readings are available through the course website. And:

• Perrin, R. (2011). Pocket guide to APA style (4th edition). United States, Cengage Learning Inc. ISBN 9780495912637

OR

Perrin, R. (2014). Pocket guide to APA style (5th edition). United States, Cengage Learning Inc. ISBN 9781285425917

This guide will serve you well in developing your scholarly writing. In addition to details on APA style, there are sections that illustrate the difference between paraphrasing and plagiarism.

Other Resources:

Cases and readings to be supplied