Strategy and Decision Making

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Manage individual tasks, personal resources and time effectively;
• Work effectively as part of a task-orientated and diverse group;
• Write effectively for business purposes;
• Think critically and argue effectively (based on evidence);

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• What strategy actually is;
• The relevant strategy concepts in theory and practice;
• Decision-making and key approaches to formulating and appraising critical decisions in relation to business management contexts.
• The important concepts and techniques of strategic analyses, strategic decision-making and strategic choices in corporate and international business;

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• Deploy appropriate tools and techniques to analyse and understand the strategic position of the organisation;
• Define and critically appraise decisions in relation to business management contexts.
• Analyse critically different strategic concepts and tools on company specific issues;
• Analyse strategic options and undertake effective decision-making in organisations;

• Defining & understanding strategy
• Overview of different strategy theories, tools & techniques in strategy formulation
• Strategic context & strategic analyses
• Strategic capability
• Overview of strategic choices
• Strategic decision making in the firm
• The nature of decision making
• Making decisions when facing risk and uncertainty
• Subjective judgements, heuristics and biases

Teaching methods include

• Lectures
• Class discussions
• Guided background reading
• Group work followed by group presentations and discussions
• Exploration of case studies, papers, newspaper articles and videos.

Learning activities include

• Group interactions
• Discussion of case studies
• Independent reading from a recommended bibliography
• Private study and library based research

Formative

This is how we’ll give you feedback as you are learning. It is not a formal test or exam.

In-class formative opportunities

• Assessment Type: Formative
• Feedback: Formative feedback is provided as part of the discussions in class and for practice presentations for the group assignment.
• Final Assessment: No
• Group Work: No

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.