MGMT455 UNIT5DB: Strategy Formulation and Processes
MGMT455 Business Policies and Strategies UNIT5DB: Strategy Formulation and Processes
Summative Discussion Board
Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write 500-600 words on the following:
- What were the most compelling topics learned in this course?
- How did the discussion debates help you advance your considerations of the topics within this course?
- What approaches could have yielded additional valuable information?
APA style + minimum of 2 references and citations. ***I will provide course summary***
Course Title: Business Policies and Strategies // Course Code: MGMT455
Course Description:
This course focuses on identifying external opportunities and determining the value-creating potential of a firm’s resources, capabilities, and core competencies to achieve a strategic competitive advantage.
Course Objectives:
– Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
– Develop the ability to manage the organizational process by which policies and strategies are formed.
– Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
– Enhance the ability to create results-oriented action plans and effective business policy.
– Understand strategic planning terminology, concepts, theories and models.
Unit 1: Basics of Strategic Planning
- Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
- Understand strategic planning terminology, concepts, theories and models.
- Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
- Develop the ability to manage the organizational process by which policies and strategies are formed.
- Enhance the ability to create results-oriented action plans and effective business policy.
Unit 2: Thinking Strategically
- Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
- Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
- Develop the ability to manage the organizational process by which policies and strategies are formed.
- Enhance the ability to create results-oriented action plans and effective business policy.
- Understand strategic planning terminology, concepts, theories and models.
Unit 3: Competitive Advantage
- Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
- Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
- Develop the ability to manage the organizational process by which policies and strategies are formed.
- Enhance the ability to create results-oriented action plans and effective business policy.
- Understand strategic planning terminology, concepts, theories and models.
Unit 4: Strategic Choices
- Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
- Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
- Understand strategic planning terminology, concepts, theories and models.
- Develop the ability to manage the organizational process by which policies and strategies are formed.
- Enhance the ability to create results-oriented action plans and effective business policy.
Unit 5: Strategy Formulation and Processes
- Acquire skills in conducting strategy, developing strategic options, analyzing action alternatives, making strategic decisions, and effective policy and strategy implementation.
- Develop the ability to manage the organizational process by which policies and strategies are formed.
- Develop the capacity to think strategically about a company, its business model and position within the industry, and the attainment of a competitive advantage.
- Enhance the ability to create results-oriented action plans and effective business policy.
- Understand strategic planning terminology, concepts, theories and models.