Strategic management classes are often considered a “capstone course” because it includes materials from all aspects of business such as management, marketing, production, operations, IT, etc.
Strategic management is essential for all leaders and managers to accomplish their goals. Fundamentals of Strategic Management is designed to update your understanding of what is important in strategic thinking.
What you'll learn
We speak to brand and PR experts to discuss Cadbury’s crisis management strategy and what else should the brand ... To my mind, that's where we should start.” Many brands have become a victim of boycott culture on social media lately and a lot of ...
A capstone investigation of how strategy interacts with and guides an organization within its internal and external environments. Focus is on corporate- and business unit-level strategy, strategy development, strategy implementation, and the overall strategic management process.
Overview. Strategic management is one of the most important "hard skills" in business management.
About this Free Certificate Course Strategic management is the process of making decisions about an organization's goals and objectives and developing a plan to achieve them. It involves setting goals, determining strategies to achieve those goals, and then implementing and monitoring the plan's progress.
A strategic management course is a great refresher of knowledge you've acquired during undergraduate studies as well as on-the-job. It helps you ensure you're up to date on the latest business growth strategies as well as on the newest tools for strategic planning models. This is not about repeating knowledge.
In addition to preparing you to lead a business strategically, this type of degree is a common gateway to lucrative and high-paying business careers. According to PayScale data as of December 2017, management consultants and senior strategy managers with a strategy MBA, for example, made on average six-figure salaries.
Usually, "Strategic management" course requires very little math. On the other hand, if you did not enjoy "Corporate Finance", you will most probably find "Managerial accounting" challenging as well.
Strategic management also helps to ensure that a company has specific goals that they can follow. These goals may be reached over a day to day basis, weekly, monthly and even yearly. They set goals so they can project far in advance what they should be doing different projects.
Provides a Framework For Decision-Making Strategy provides a vision of the future, confirms the purpose and values of an organization, sets objectives, clarifies threats and opportunities, determines methods to leverage strengths, and mitigate weaknesses (at a minimum).
Strategic management is about setting objectives, analyzing your own organization and your competitive environment, and coming up with strategies to help you achieve your organizational goals.