Course code BUS305

BUS305 Strategy Development

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Showing course contents for the educational year 2017 - 2018 .

Course responsible: Silja Marianna Korhonen-Sande
Teachers: Glenn Roger Kristiansen
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Limits of class size:
90
Teaching exam periods:
This course starts in August block. This course has teaching/evaluation in August block.
Course frequency: Annually
First time: Study year 2011-2012
Last time: 2018H
Preferential right:
M-ØA, M-EI
Course contents:
The course has two main themes: the content and the process of strategy development. The course covers the theoretical foundations of strategic choices related to the sources of competitive advantage and growth mode, as well as the process of strategy analysis and formulation. 
Learning outcome:

After completing this course, the students can relate the process of strategy development to their future specialization studies, and are able to constructively contribute to strategy development at their future workplace by giving advice about a sound strategy development process as well as the content of the strategy. The students develop an understanding of why some firms succeed in competition and others do not. The students

Knowledge

  • have knowledge of the key theories explaining the foundations of competitive advantage in dynamic markets, companies' growth modes (alliances, buyer-supplier relationships and corporate entrepreneurship), strategic problem solving and decision making in organizations.

Skills

  • are able to present, discuss and apply theories/ perspectives in strategic management in various industry and organizational contexts
  • develop skills in strategy development: choosing the appropriate strategies and formulating strategy statements , avoiding the pitfalls in strategic decision making in organizations, and tackling the uncertainty and trade-offs that management must deal with in strategic decision making. 

General competence

  • are able to formulate and solve strategic problems and communicate their solutions both orally and in a written form, independently and as a part of a group.
Learning activities:
The students are encouraged to acquaint themselves with the theory before each lecture in order to participate in discussions and exercises in the classroom. The literature for each lecture is given at the course program. The students apply the theories on cases and discuss and present key literature in small groups.
Teaching support:
Students will receive feedback on their progress based on the presentations in the class room. The teacher is available via e-mail and during the lecture days for questions and supervision. Repetition lectures at the bachelor-level are organized if min. 20 students express their need for repetition.
Syllabus:
Articles and lecture notes. The reading list will be published at Canvas before the course starts. Johnson, G., K. Scholes and R. Whittington. 2012. Fundamentals of Strategy, 2/E. (this text book is for repetition only, the syllabus consists of scientific articles and lecture notes)
Prerequisites:
AOS 130 (Introduction to organization theory) or similar knowledge, and AOS 237 (Introduction to business strategy) or similar knowledge. Please notice that this knowledge is needed to read the syllabus and to solve the assignments.  It is expected that the participants are able to read scientific literature and cases in English.
Recommended prerequisites:
Knowledge in marketing strategy and microeconomics makes it easier to understand the theoretical foundations of strategy.
Mandatory activity:
This course requires intensive studying. The participation in the lecture days and group work  is compulsory in order to be able to take the exam. The participants will be organized in small groups after the course start and each group will present and discuss articles and assignments in classroom. The instructions related to the group work will be published at Canvas and given during the first lecture. Students who arrive later than the beginning of the second day of the course will be dismissed. Mandatory activities are only valid for the teaching semester. 
Assessment:
The assessment is based on a term paper in small groups (30%) and a 9 hours individual written home exam (70%) at the end of the August block. Both term paper and home exam must be passed during the same semester for passing the course.  The grade for the term paper is valid only for the semester when the assignment was written. A retake exam is not organized in this course.  Those who do not pass need to take the whole course (including mandatory activities, a term paper written in groups and individual exam) next time the course is organized.
Nominal workload:
5ECTS=150 hours
Entrance requirements:
B.Sc. degree
Reduction of credits:
-
Type of course:
The course will be organized in August with 3-5 hours structured activities per day (approx. 30 hours of structured activities, and in addition work in small groups). If more than 20 students express the need for repetition, voluntary repetition lectures are organized at the end of the each lecture day for those who feel they lack solid knowledge of central concepts and theories in strategy from the bachelor level. Please notice that this knowledge is needed to read the syllabus and to solve the assignments. 
Note:
-
Examiner:
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Examination details: Continuous exam: A - E / Ikke bestått