Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


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: 06.09.2024 - 11.10.2024

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


  • 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

  • valid for whole curriculum period:

    Contact teaching 25 h
    Independent and group work 135 h
    Total 160h (ECTS)


Study Material
  • valid for whole curriculum period:

    Articles described in the syllabus
    Other learning materials


Substitutes for Courses


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 III


    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.