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: 10.01.2025 - 14.02.2025
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
Study Material
valid for whole curriculum period:
Articles described in the syllabus
Other learning materials
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Autumn I
2024-2025 Spring III
2025-2026 Autumn I
2025-2026 Spring IIIRegistration:
Max 80 students taken to the course. Note that the course is run twice per year (80 students in the fall + 80 students in the spring). Students are admitted to the course in the following priority order 1) Industrial Engineering and Management (Strategy) / Strategic Management in a Changing World students 2) Global Management / CEMS students/Information Networks students 3) BIZ Exchange students 4) Other BIZ Master’s students 5) Other Aalto students.