| 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) The course explains fundemental concept about Strategic Management.
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2) The students analyzes the internal and external environment of the firm.
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3) The student compares the elements necessary for the success of the strategies.
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4) The course interprets strategic evaluation and controling process.
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| Skills
(Describe as Cognitive and/or Practical Skills.)
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1) The student understands the importance of strategic analysis tools in formulating strategies.
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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 |
Lecture notes, textbook, Internet resources
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| 4) |
Environmental Scanning and Industry Analysis |
Lecture notes, textbook, Internet resources
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| 5) |
Organizational Analysis and Competitive Advantage |
Lecture notes, textbook, Internet resources
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| 6) |
Strategy Formulation: Business Strategy |
Lecture notes, textbook, Internet resources
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| 7) |
Strategy Formulation: Corporate Strategy |
Lecture notes, textbook, Internet resources
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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 be able to describe the functions and types of innovation required to establish and sustain an enterprise. |
4 |
| 2) |
To be able to explain the basic and theoretical knowledge required for entrepreneurship and innovation management. |
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| 3) |
To be able to gain the competence to produce projects that can create new opportunities in different areas of business management. |
4 |
| 4) |
To be able to develop problem solving and decision making skills through individual and team work. |
3 |
| 5) |
To be able to evaluates various processes in entrepreneurship and innovation management from a systematic perspective. |
3 |
| 6) |
To be able to act as a team member in environments requiring problem solving and to provide leadership when necessary. |
4 |
| 7) |
To be able to acquire skills in understanding problems and developing innovative solutions with techniques such as case studies and design thinking. |
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| 8) |
To be able to evaluate the existing norms and standards critically, and develop innovative and entrepreneurial ideas. |
4 |
| 9) |
To be able to develop appropriate business strategies in changing conditions, taking into account the benefits of stakeholders. |
5 |
| 10) |
To be able to understand the importance and necessity of adapting to changes in the technological and business environment. |
4 |
| 11) |
To be aware of advanced technology and digital transformation possibilities in work area. |
5 |
| 12) |
To be able to manage employees and processes in a dynamic business world. |
3 |
| 13) |
To have cultural awareness and transfer it to groups outside and within the field. |
2 |
| 14) |
To be able to transfer what one has learned to groups within and outside one's field in a systematic and impressive manner, using written, verbal and visual communication tools, by supporting it with quantitative and qualitative data. |
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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 |
1 |
10 |
10 |
| Total Workload of Teaching & Learning Activities |
- |
- |
52 |
| 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) |
56 |
| ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) |
8 |