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BCOM 403 Strategic Mgt
BCOM 403 Strategic Mgt
Course Description
Introduction to strategic management. Nature, scope, levels, benefits and limitations of
strategic management. Strategic hierarchy. Environmental analysis. Strategy formulation.
Strategy implementation. Strategy evaluation and control. Strategic change management.
Emerging issues in strategic management.
COURSE CONTENT
Introduction
1. Overview, definition and nature of strategic management
2. The Concept of Strategy
Environmental Scanning
1. Internal Environment
2. External Environment
3. Methods of Environmental Scanning
Strategy Formulation
1. Strategic Direction: Vision, Mission, Values
2. Strategic Analysis: External and Internal analysis
3. Formulating Objectives
4. Strategic Choice
Strategy Implementation
1. Institutionalizing Strategy
2. Operationalizing Strategy
3. Resources in Strategy
4. Role of management in strategy implementation
5. Matching organization structure to strategy
Strategy Evaluation and Control
1. Components of strategic control
2. Process of strategic control
3. Key players of strategic control process
Contemporary Issues in Strategic Management
Teaching methodology
The course will be taught using lectures, group discussions class presentations and case studies
Course evaluation
Continuous Assessment Tests 30%
End of Semester exam 70%
Pass Mark 40%
Recommended Text
1. Pierce, J.A. & Robinson, R.B. (2007); Strategic Management: Formulation,
Implementation and Control. McGraw-Hill, 10th edition.
2. Johnson G, Scholes K. & Whittington R. (2005). Exploring Corporate Strategy, FT-
Prentice Hall, 7th edition.
3. Ansoff H I. & McDonnel E. Implanting Strategic Management, Prentice Hall,
Europe, 2nd edition, 1990.
4. Porter, M. Competitive Strategy: Techniques for Analysing Industries and
Competitors. The Free Press, 1980.
5. Ansoff, H.I. The Concept of Corporate Strategy. Penguin Books, 1987.
6. Business Journals and Related Material
Strategic Management Journals
Harvard Business Review
Nairobi Journal of Management
Business Columns of Local Dailies