Strategic Planning and Decision Making

Code

BUSI4634

School

Nottingham University Business School

Level

4

Credits

20

Semesters

Autumn Malaysia

Summary

The module will include the topics related to:
•    identification of organisational strategic aims and objective; 
•    assessing the impact of stakeholder expectations on a strategic plan; 
•    examine and critically evaluate the decision-making models in planning and problem-solving; 
•    determine the alternative strategic options available; 
•    identify the selected strategic directions; produce a strategic plan to achieve the selected strategic directions; 
•    assess the factors to be considered in the implementation of the strategic plan; 
•    determine the processes required to monitor and review the strategic plan and evaluate the impact of the strategic plans.
 

Target Students

Only available for students registered on the MSc in Business with specialisation in:• International Management• Talent Management• Entrepreneurship• Corporate Finance• Strategic Leadership

Classes

• Two 2-hour lectures each week for 11 weeks

11 x 4 hour lectures (2 hours x 2 per week) and group teaching, comprising case studies, exercises and group presentations

Assessment

• 100% Coursework: Individual Coursework (5,000 word essay)

Assessed by end of autumn semester

Educational Aims

Learning Outcomes

Knowledge and understanding: This module develops a knowledge and understanding of:
•    The dynamics of the global economy and international business &/or an awareness 
of cultural, legal/regulatory, political, and economic differences across countries &/or 
an appreciation of management issues from a global perspective.
•    Markets - the development and operation of markets for resources, goods and services 
•    The management of resources
•    Digital business – the development of strategic priorities to deliver business at speed in an environment where digital technology is reshaping traditional revenue and business models, associated risk management
•    The importance of sustainability issues, including an understanding of the challenges and opportunities arising from the activities of people and organisations on the economic, social and environmental conditions of the future.
•    Strategic management - the development and implementation of appropriate strategies within a changing environment

Intellectual Skills: This module develops:
•    Being able to think critically and be creative: manage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise. This includes the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately
•    Being able to solve complex problems and make decisions: establish criteria, using appropriate decision-making techniques including identifying, formulating and solving business problems; and the ability to create, identify and evaluate options; the ability to implement and review decisions

Professional Practical Skills: This module develops:
•    The ability to conduct research and enquiry into business and management issues either individually or as part of a team through research design, the collection and analysis of qualitative data, synthesis and reporting
•    Effective performance within team environments and the ability to recognise and utilise individuals' contributions in group processes and to negotiate and persuade or influence others; team selection, delegation, development and management.  Leadership and performance management: selecting appropriate leadership style for different situations; setting objectives, motivating, monitoring performance, coaching and mentoring
•    The ability to recognise the need for and initiate change and to be able to manage change
•    The ability to recognise and address ethical dilemmas, corporate social responsibility and sustainability issues, applying ethical and organisational values to situations and choices

Transferable (key) Skills: This module develops:
•    Effective communication: networking, listening, oral and written communication of complex ideas and arguments, using a range of media, including the preparation of business reports
•    High personal effectiveness: critical self-awareness, self-reflection and self-management; time management; conflict resolution, displaying commercial acumen, the ability to continue to learn through reflection on practice and experience

Conveners

• Dr Mathew Abraham