Course Objectives: |
Rapid changes that are seen today effect the business environment in both ways as positively or negatively. Companies should develop strategies and become more competitive than their competitors by making situation analysis to continue their existence in their environment. In other words, firms should gain competitive advantage and sustain this advantage in the long run. Within the scope of this course, business strategies will be discussed and analyzed. |
Course Content: |
Basic terms and concepts related with strategic management, strategic management process and factors, external and internal environment analysis, measuring environmental factors and situation decision matrices, strategic guidance, basic and sub strategies, top management (institutional) strategies, business management (competition) strategies, functional (divisional) strategies, international strategies, application of strategies, strategical assessment and control, sample case studies. |
Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:
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Knowledge
(Described as Theoritical and/or Factual Knowledge.)
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1) Grasping the basic concepts of strategic management
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2) Having knowledge about corporate governance
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3) Understanding the importance of Corporate Social Responsibility and Ethics concepts in strategic management.
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4) Learning how to perform environmental scanning and industry analysis
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5) Understanding how to conduct organizational analysis and learn how to achieve competitive advantage
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6) Learning how to formulate a business strategy
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7) Learning how to formulate a corporate strategy
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8) Learning how to formulate a functional strategy and make a strategic choice
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9) Learning how to implement a global strategy
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10) Understanding how to organize and create a structure
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11) Learning about staffing and directing
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12) Learning how to evaluate and control
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Skills
(Describe as Cognitive and/or Practical Skills.)
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Competences
(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)
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Week |
Subject |
Materials Sharing * |
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Related Preparation |
Further Study |
1) |
Basic concepts of strategic management |
Lecture notes, textbook, Internet resources
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2) |
Corporate Governance |
Lecture notes, textbook, Internet resources
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3) |
Social Responsibility and Ethics in Strategic Management
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Lecture notes, textbook, internet kaynakları
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4) |
Environmental Scanning and Industry Analysis
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Lecture notes, textbook, internet kaynakları
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5) |
Organizational Analysis and Competitive Advantage |
Lecture notes, textbook, Internet resources
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6) |
Strategy Formulation: Business Strategy
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Lecture notes, textbook, Internet resources
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7) |
Strategy Formulation: Corporate Strategy |
Lecture notes, textbook, Internet resources
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8) |
Midterm examination |
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9) |
Strategy Formulation: Functional Strategy and Strategic Choice
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Lecture notes, textbook, Internet resources
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10) |
Strategy Implementation: Global Strategy |
Lecture notes, textbook, Internet resources
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11) |
Strategy Implementation: Organizing and Structure |
Lecture notes, textbook, Internet resources
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12) |
Strategy Implementation: Staffing and Directing
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Lecture notes, textbook, Internet resources
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13) |
Evaluation and Control |
Lecture notes, textbook, Internet resources
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14) |
Case Study |
Textbook
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Course Notes / Textbooks: |
- Strategic management and business policy : globalization, innovation, and sustainability/ Thomas L. Wheelen ; J. David Hunger, Alan N. Hoffman, Charles E. Bamford. Pearson, 2018.
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References: |
- Strategic management and competitive advantage : concepts and cases / Jay B. Barney , William S. Hesterly. Prentice Hall, 2008.
- The First 90 Days: critical success strategies for new leaders at all levels / Michael Watkins. Harvard Business School Press, 2003.
- Strategic Management, Alex Miller. Hill Book Company, 1998.
- Strategic Management, Fred David, 5th Edition. Prentice Hall,1995.
- Blue Ocean Shift: Beyond Competing: Proven Steps to Inspire Confidence and Seize New Growth . Mauborgne & Kim. New York, Hachette Books, 2017.
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Programme Learning Outcomes |
Contribution Level (from 1 to 5) |
1) |
To improve analytical thinking, problem solving in organizational issues, time management, self-discipline and communication skills |
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2) |
To learn and use the basic information, concepts and theories required in the field of international trade |
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3) |
Except the core subjects of the business, to have knowledge about leadership, behavioral sciences, communication and entrepreneurship; in the field of service, mathematics, statistics, law, operations research, information processing and management information systems |
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4) |
To have awareness for ethical and social responsivity |
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5) |
Ability by supporting the learnt courses with quantitative and qualitative data; and by using verbal and visual communication means, to transfer them to the groups within and outside the group in a systematical and effective way |
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6) |
To be able to evaluate the norms and standards present in the works in which responsibility in a critical point of view are taken |
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7) |
Ability to develop strategical, innovative and entrepreneurial ideas |
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8) |
Ability to acquire competence of managing the change |
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9) |
To show development personally and socially with and awareness for lifelong learning |
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10) |
To follow advanced technologies and developments about digital transformation |
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11) |
To have cultural awareness and to be able to transfer this to the groups within and outside the field |
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12) |
To have awareness about citizenship competency |
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13) |
To acquire communication in a Foreign Language (English) competence defined on the level of at least B1 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B2/B2+) |
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WORKLOAD OF TEACHING & LEARNING ACTIVITIES |
Teaching & Learning Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
Course |
14 |
3 |
42 |
Laboratory |
0 |
0 |
0 |
Application |
0 |
0 |
0 |
Special Course Internship (Work Placement) |
0 |
0 |
0 |
Field Work |
0 |
0 |
0 |
Study Hours Out of Class |
0 |
0 |
0 |
Presentations / Seminar |
0 |
0 |
0 |
Project |
0 |
0 |
0 |
Homework Assignments |
0 |
0 |
0 |
Total Workload of Teaching & Learning Activities |
- |
- |
42 |
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES |
Assesment & Evaluation Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
Quizzes |
2 |
1 |
2 |
Midterms |
1 |
1 |
1 |
Semester Final Exam |
1 |
1 |
1 |
Total Workload of Assesment & Evaluation Activities |
- |
- |
4 |
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) |
46 |
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) |
5 |