This course provides the students with theory and practice in strategic management by the use of lectures and case analysis. It helps build in students critical business skills of planning and managing strategic activities. Topics include determining mission, purpose and philosophy of companies, developing a company profile, conducting a resource analysis, assessing the external environment, identifying various strategic options, making strategic analysis and choice, setting long-term objectives, developing long-term annual objectives and grand strategies, implementing strategic decisions, reviewing, and finally, controlling them.
Note: This is the capstone course for the MBA program and can only be taken after substantial completion of all other requirements, usually in the last semester, just prior to graduation. It is integrative in nature, requiring the student to put to use the skills and knowledge gained throughout the course of study.