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.
Strategist: Role of CEO and BOD in strategic Management, Role of Corporate Planning Staff, Role of Consultants.
Competitive Advantage: Concept, Core Competence and Value Chain Approach, Generic Competitive Strategies
Strategic Implementation: Concept, Aspects and Issues in Strategic Implementation. Resource Allocation, Functional Implementation
Evaluation and Control: Meaning of Strategic control, Elements of a Strategic control system- Feed forward control, Feedback control and concurrent control.
Corporate Social Responsibility (CSR): Concept, Definition, Friedman’s Traditional view and Carroll’s Modern view of CSR, Responsibility towards various Stakeholders.
Case Studies
Essential Reading:
1. Prasad, L, M., Business policy & Strategy, Sultan Chand & Sons, New Delhi.
2. Thompson & Strickland, Strategic Management-Concepts and Cases, Tata McGraw Hill Publishing Co. Ltd., New Delhi
3. David, F.R., Cases in Strategic management, New Jersey, Prentice Hall.
4. Jauch, L.R. & Glueck, W.F., Business policy and Strategic Management, McGraw- Hill.
5. Ramaswamy, V.S. & Namakumari, S., Strategic planning formulation of Corporate Strategy, Delhi, Macmillan India.
6. Pearce II, John A. and Homewood, Strategic Management, Richard D. Irwin
7. Azar Kazmi, Business Policy and Strategic Management