Module Details

Module Code: MGMT9034
Title: Strategic Thinking
Long Title: Strategic Thinking
NFQ Level: Expert
Valid From: Semester 1 - 2022/23 ( September 2022 )
Duration: 1 Semester
Credits: 5
Field of Study: 3450 - Business & Management
Module Delivered in: 4 programme(s)
Module Description: This module covers the concepts, theories and techniques on which strategic management is based and explores their application in a wide range of international business settings. It aims to expand the student's perspective to wider issues, such as opportunities and growth over medium and long terms.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Interpret and evaluate strategic management concepts and approaches in various international organisational settings.
LO2 Appraise business level and corporate level strategies in relation to competitive and global environmental changes.
LO3 Develop and implement strategic management approaches in globally interactive dynamic environments.
LO4 Defend both their evaluation and recommendations of strategic issues.
LO5 Critically interpret, analyse and evaluate key aspects of the learning process, from the student's own personal perspective.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Introduction to the Strategic Management course
Strategic Management process, Corporate Visions, Mission Statements, Strategic Leadership.
Environmental Scanning and Industry Analysis
Competitive Forces, Strategic Group Analysis, Industry Lifecycle Analysis, Macro environment.
Internal Scanning and Organisational Analysis
Roots of Competitive Advantage - distinctive competencies, resources & capabilities. Generic Building Blocks of Competitive Advantage, Value Chain Analysis, Durability of Competitive Advantage.
Business Level Strategies
Various strategies a company can use to compete effectively in a business and an industry.
Corporate Strategy
Horizontal Integration, Vertical Integration, Strategic Outsourcing, Diversification, Internal New ventures & Acquisitions
Understanding Organisational Cultures
Strategy and culture
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Presentation % of Total Mark 25
Timing Every Week Learning Outcomes 1,2,3,4
Assessment Description
Weekly individual presentations & short report on a strategic management journal article.
Assessment Type Other % of Total Mark 50
Timing Week 8 Learning Outcomes 1,2,3,4
Assessment Description
Group case study analysis and presentation
Assessment Type Reflective Journal % of Total Mark 25
Timing Week 13 Learning Outcomes 5
Assessment Description
The student will reflect on the learning event and exercise their judgment about the content and the processes of learning.
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction Every Week 2.50 2.5
Independent Learning Non Contact Self learning by student Every Week 4.50 4.5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.50
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction Every Week 2.00 2
Independent Learning Non Contact Self learning by the student Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Charles W. L. Hill, Melissa A. Schilling, Gareth R. Jones. (2020), Strategic Management, 13th Edition, Cengage, [ISBN: 0357392159].
Supplementary Book Resources
  • John Thompson, Jonathan M. Scott, Frank Martin. (2023), Strategic Management Awareness and Change, 10th Edition, Cengage, [ISBN: 1473786533].
  • Michael A. Hitt, R. Duane Ireland, Robert E. Hoskisson. (2020), Strategic Management: Concepts and Cases, 13th Edition, Cengage, [ISBN: 1337680788].
  • Bob de Wit. (2020), Strategy: An International Perspective, 7th Edition, Cengage, [ISBN: 1473765854].
  • Mike Peng. (2022), Global Strategy, 5th Edition, Cengage, [ISBN: 0357512367].
Recommended Article/Paper Resources
  • Michael A. Hitt, Jean?Luc Arregle, and R. Michael Holmes, Jr.. (2021), Strategic Management Theory in a Post?Pandemic and Non?Ergodic World, Journal of Management Studies. 2021 Jan; 58(1): 259–264..
  • Mintzberg, Henry. (1987), Crafting Strategy, Harvard Business Review.
  • Hambrick & Fredrickson. (2005), Are you sure you have a strategy?, Academy of Management Executive.
  • Porter. (1996), What is Strategy?, Harvard Business Review.
  • Hamel & Prahalad. (1990), The Core Competence of the Corporation.
  • Barney, J. (1986), Organisational Culture: Can it be a Source of Sustained Competitive Advantage?, Academy of Management Review.
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_KCYMN_9 Master of Science in Cybersecurity Management 1 Elective
CR_BIBUS_9 Master of Science in International Business 1 Mandatory
CR_KCYMT_9 Postgraduate Diploma in Science in Cybersecurity Management 1 Elective
CR_BINBU_9 Postgraduate Diploma in Science in International Business 1 Mandatory