Business Policy and Strategy

Paper Code: 
CBBA 601
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to -

  • Course would enable the students to understand the principles of strategy.

Course Outcomes (COs):

Course

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

Course Code

Course Title

CBBA 601

Business Policy & Strategy

CO 331: Students will be able to learn various perspectives and concepts in the field of strategic management.

CO 332: Enable the students to understand the principles of strategy.

CO 333: Formulation, implementation and control in organizations.

CO 334: Help students to develop skills for applying concepts to the solution of business problems.

CO 335: Help students to master the analytical tools of strategic management.

CO 336: Students will be able to understand the formulation of strategies for business purpose.

Approach in teaching:

Interactive Hours, Discussion, Tutorials, Reading assignments, Demonstration, Team teaching

 

Learning activities for the students:

Self-learning assignments, Effective questions, Simulation, Seminar presentation, Giving tasks.

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

12.00
Unit I: 
Nature & importance of business policy & strategy

Nature & importance of business policy & strategy: Concept and levels of Strategy- corporate, business & functional level, process of strategic management. Company’s vision and mission: Strategic intent ,vision ,mission, objectives, criteria for evaluating a mission statement

12.00
Unit II: 
Environmental Analysis & Diagnosis

Environmental Analysis & Diagnosis: Analysis of company’s internal and external environmental and their impact on organizations policy and strategy, Porter’s 5 Forces model for Industry analysis, SWOT analysis. Organization’s capabilities concept and Porter’s Value Chain Analysis

12.00
Unit III: 
Formulation of competitive strategies

Formulation of competitive strategies: Michael E. Porter’s generic competitive strategies, implementing competitive strategies- offensive & defensive moves, Core Competence concept.
Corporate Strategies: Introduction to strategies of growth, stability and retrenchment. Types of growth strategies – concentrated growth, cooperation, integration, diversification, international expansion, business and renewal strategies – retrenchment and turnaround.

12.00
Unit IV: 
Choice of Strategy

Choice of Strategy: Choice process, factors affecting choice of strategy, Strategic gap analysis, portfolio analysis – BCG, GE, Ansoff’s product market evolution matrix, Business and functional level strategies.

12.00
Unit V: 
Strategic Implementation, evaluation and control

Strategic Implementation, evaluation and control: Key Issues and Aspects of Strategic Implementation, Control process, Elements of Control: Feed Forward Control, Concurrent Control, Feedback Control, techniques of control.

Essential Readings: 

• J.A. Pearce & R.B. Robinson : Strategic Management formulation implementation and control, TMH
• Arthur A. Thompson Jr. & A.J Strickland III : Crafting and executing strategy, TMH
• Gerry Johnson &Kevan Scholes, Exploring corporate strategies, PHI

References: 

Suggested Readings:
• UpendraKachru: Strategic Management, Excel books
• Arthur A. Thompson Jr. and A.J. Strickland: Strategic Management –Concepts and Cases, McGraw-Hill Companies
• Lawrence R. Jauch& William F. Glueck: Business Policy and Strategic Management (Mcgraw Hill Series in Management)

E- Resources:
• https://www.expresslibrary.mheducation.com/bookshelf
• https://www.slideshare.net/apverma01/strategic-management-9257478

Journals:
• Journal of Strategic Human Resource Management, http:// sagepub.com
• Journal of Operations and Strategic Planning, http:// sagepub.com

Academic Year: 
2022-2023
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