This course attempts to orient the students to the strategies being adopted by corporate houses to be able to lead the market and win over the competition.
Strategy: Concept, Nature of Strategy, Strategic Management Process, Strategic Intent, Vision, Mission, Business Definition, Objectives and Goals
Environmental Scanning: External- (Macro and Micro) environment appraisal, Porter Five Forces Model for Industry Analysis,
Organizational Appraisal: Concept, process, strategic audit, sources of organizational appraisal, SWOT analysis.
Choice of Strategy: Concept of Choice of Strategy, Factors Affecting choice of Strategy, Choice process, Gap Analysis, Business portfolio matrix, Time Dimension and Contingency Strategies.
Corporate Level Strategy: Expansion / Growth, Stability, Retrenchment, & Combination
Case Studies
Essential Reading:
1. Jauch, L.R. & Glueck, W.F., Business policy and Strategic Management, McGraw- Hill.
2. Thompson & Strickland, Strategic Management-Concepts and Cases, Tata McGraw Hill Publishing Co. Ltd., New Delhi
3. Prasad, L, M., Business policy & Strategy, Sultan Chand & Sons, New Delhi
4. Azhar Kazmi, Business Policy and Strategic Management
1. David, F.R., Cases in Strategic management, Prentice Hall New Jersey.
2. Ramaswamy, V.S. & Namakumari, S., Strategic planning formulation of Corporate Strategy, Delhi, Macmillan India.
3. Pearce II, John A., Richard D. Irwin and Homewood, Strategic Management