LEARNING OUTCOMES
Students will learn to
- understand the core elements of strategy formulation, such as analysis of the external environment, alternative creation, alternative evaluation, and choice
- understand how process-related choices influence the quality of strategy formulation and execution and apply this knowledge to make informed choices
- understand how psychological dynamics influence strategy formulation and execution and consider and reflect how they can improve the such psychological dynamics
- understand how structural factors influence strategy formulation and execution and make informed choices regarding structure- apply their understanding in the planning of a case company strategy process
- use PowerPoint for presenting ideas concisely
In addition, students will learn to critically evaluate academic articles on management, develop their own ideas, and present them in a clear way.
Credits: 6
Schedule: 04.03.2022 - 08.04.2022
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Timo Vuori
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
Must know:
- behavioral theory of the firm: how bounded rationality, organizational communication channels, and organizational structures and routines influence how strategy gets formulated and implemented
- attention based view of the firm: how attention-related dynamics influence strategy formulation and implementation- basics in understanding how emotions shape attention and behavior in organizations
- basic understanding of how to create an evaluation framework for strategic options and quantify options accordingly
Assessment Methods and Criteria
valid for whole curriculum period:
100% assignments
Workload
valid for whole curriculum period:
Contact teaching 25 h
Independent and group work 135 h
Total 160h (ECTS)
DETAILS
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Max 60 students taken to the course. Note that the course is run twice per year (60 students in the fall + 60 students in the spring)
Teaching Language : English
Teaching Period : 2022-2023 Autumn I
2022-2023 Spring IV
2023-2024 Autumn I
2023-2024 Spring IVEnrollment :
Students are admitted to the course in the following priority order: 1) Management and International Business / Industrial Engineering and Management (Strategy) / Strategic Management in a Changing World students 2) Global Management / CEMS 3) Exchange students 4) Other BIZ Master’s students 5) Other Aalto students.