Course Description
Strategic Management is a set of managerial decisions and actions determining the performance on the global space in the long run through evaluation of external and internal environments, formulation, implementation, and reassessment and control of strategies.
This course consists of the followings: (a) Introduction of Strategic Management: Basic concepts of Strategic Management are introduced by a method of system’s approach. (b) Evaluation of Environments: The external environment is evaluated to find opportunities and threats to the organization; and the internal environment is similarly evaluated to find strengths and weaknesses of the organization. (c) Formulation of Strategies: It is the phase of developing long-range plans including mission, objectives, strategies, and policies according to the change of goals and values of the organization. (d) Implementation of Strategies: It is an adjustment of subsystems – the structure, personnel, finance, marketing, technology, and command and control – according to the change of strategies and policies in terms of programs, budgets, and procedures. (e) Other Strategic Issues: They are to manage technology and innovation, entrepreneurial venture and small businesses, non-profit organizations, and to investigate strategic leadership of the chief executive officer.
Course Objectives
1. To understand how to analyze strengths and weaknesses of the organization upon the change of external and internal environments: supra-system, system, subsystem, and feedback.
2. To understand how to formulate strategies and policies with reasonable vision by structural or functional categories based on the previous analysis of environmental influence.
3. To understand implement strategies and policies through appropriate adjustment of all subsystems to the change of goals, values, and missions.
4. To understand other strategic issues such as on technology and innovation, venture and small business, non-profit organization, and governance and executive leadership.
Lecture Notes
Required Texts
Whellen, Thomas L. and David L. Hunger, Alan n. Hoffman, Charles E. Bamford. Strategic Management and Business Policy, 15th ed. New York: Pearson Education, 2017. ISBN-10: 1292215488
RECOMMENDED Hitt, Michael A., R. Duane Ireland, and Robert E. Hoskisson. Strategic Management: Concepts and Cases, 12th ed. Mason, OH: South-Western College Pub, 2016. ISBN-10: 1305502140
(See suggested bibliography below.)
Periodicals
- Strategic Management Journal: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1097-0266
- Strategic Management Journal (SMJ): http://smj.strategicmanagement.net/
Journal of Strategy and Management - http://www.emeraldgrouppublishing.com/products/journals/journals.htm?id=JSMA
- International Strategic Management Review
http://www.journals.elsevier.com/international-strategic-management-review/ - International Journal of Strategic Management (IABE)
http://www.iabe.org/domains/iabeX/journalinfo.aspx?JournalID=IJSM
References
Allison, Michael and Jude Kaye. Strategic Planning for Nonprofit Organization: A Practical Guide and Workbook, 2nd ed. New York: Wiley, 2003.
Bradford, Robert W. and Brian Tarcy. Simplified Strategic Planning: The No-Nonsense Guide for Busy People Who Want Result Fast. Aorcester, MA: Chandler House, 2000.
Brooks, Risa. Shaping Strategy: The Civil-Military Politics of Strategic Assessment. Princeton, NJ: Princeton University Press, 2008.
Bryson, John M. Strategic Planning for Public and Nonprofit Organizations: A Guide to Strengthening and Sustaining Organizational Achievement. San Francisco, CA: Jossey-Bass, 2011.
Cummings, Thomas G. Organization Development & Change, 10th ed. Samford, CT: Cengage, 2014.
Daft, Richard L. Organization Theory and Design, 12th ed. Mason, OH: South-Western, 2015.
Daniel, John, Lee Radebaugh, and Daniel Sullivan. International Business: Environment and Operations, 15th Edition. Upper Saddle River, NJ: Pearson, 2014
David, Fred R. and Forest R. David. Strategic Management: A Competitive Advantage Approach, Concepts & Cases, 15th ed. Upper Saddle River, NJ: Prentice Hall, 2014.
Davila, Norma and Wanda Pina-Ramirez. Passing the Torch: A Guide to the Succession Planning Process. Alexandria, VA: Association for Talent Development, 2015.
Dress, Gregory, G. T. Lumpkin, Alan Eisner, and Gerry McNamara. Strategic Management: Text and Cases. New York: McGraw-Hill Education, 2013.
Dyer, Jeffrey H., Paul Godfrey, Robert Jensen, and David Bryce. Strategic Management: Concept and Cases. New York: Wiley, 2015.
Ebener, Dan R. and Fred L. Smith. Strategic Planning: An Interactive Process for Leaders. New York: Palist Press, 2015.
Gamble, John, Arthur Thompson, Jr., and Margaret Peteraf. Essential of Strategic Management: The Quest for Competitive Advantage, 14th ed. New York: McGraw-Hill, 2014.
Godson, Roy and James J. Wirtz. Strategic Denial and Deception. New York: Transaction, 2002.
Hill, Charles W. L. and Gareth R. Jones. Strategic Management: An Integrated Approach. Cincinnati, OH: South-Western College Pub, 2012.
Hughes, Richard L, Katherine M. Beatty, and David Dinwoodie. Becoming a Strategic Leader: Your Role in Your Organization’s Enduring Success. San Francisco, CA: Jossey-Bass, 2014.
Inglehart, Ronald and Christian Welzel. Modernization, Cultural Change, and Democracy: The Human Development Sequence. New York: Cambridge University Press, 2005.
Katsioloudes, Marios I. and Arpi Abouhanian. The Strategic Planning Process: Understanding Strategy in Global Markets, 2nd ed. New York: Routledge, 2016.
Kemble, Stephen. Interplanetary Mission Analysis and Design. Chichester, UK: Springer, 2006.
Melicher, Ronald W. and Edgar A. Norton. Introduction to Finance: Markets, Investments, and Financial Management, 15th ed. Somerset, NJ: John Wiley and Sons, Inc., 2014.
McClean, David R. Strategic Planning: As Simple as A, B, C. Raleigh, NC: Lulu Publishing, 2015.
Morrisey, George L. Morrisey on Planning, A Guide to Long-Range Planning: Creating your Strategic Journey. San Francisco: Josey-Bass, 1995.
________. Creating your Future: Personal Strategic Planning for Professionals. San Francisco, CA: Berrett Koehier Publishers, 1992.
Noe, Raymond A., John R. Hollenbeck, Barry Gerhart, and Patrick M. Wright. Human Resource Manage ment: Gaining a Competitive Advantage, 8th ed. New York: McGraw-Hill, 2012.
Pearce, John and Richard Robinson. Strategic Management. New York: McGraw-Hill, 2014.
Rothaermel, Frank. Strategic Management: Concepts. New York: McGraw-Hill, 2014.
Rumelt, Richard. Good Strategy and Bad Strategy. New York: Crown Business, 2011.
Toft, Monica and Talbot Imlay, eds. The Fog of Peace and War Planning: Military Strategic Planning under Uncertainty. New York: Routledge, 2006.
Weber, Max. Economy and Society: An Outline of Interpretive Sociology, 2 Volumes. Berkeley, CA