About Course

Learning outcomes

• LO1: Explain the purpose and objectives of strategic choice
• LO3: Evaluate suitable risk monitoring and management processes
• LO4: Evaluate strategic analysis techniques
•  LO5: Evaluate strategic choice
• LO6: Evaluate strategic implementation plans
• LO7: Evaluate the ethical impact of strategic decisions

1. Formulation of business strategy: LO1, 2, 7
   1. Analyse a business and its strategy given its purpose, mission, vision and objectives from a shareholder and stakeholder perspective
   2. Analyse the opportunities and threats arising from events or potential events in the environment of a business at a global, national, market, product and competitive level
   3. Analyse the current position of a business in terms of its competitive strategy, plans and current markets drawing conclusions and giving straightforward advice on the chosen plans
   4. Analyse the current position of a business with a chosen strategy in the context of its environment based on an assessment of its resources, processes, people, IT, products core capabilities and competences, giving straightforward advice
   5. Draft an overall analysis drawing conclusions with advice based on given financial and non-financial data and information from a variety of sources in a given scenario
2. Governance: LO2
   1. Assess based on a given scenario the role and responsibilities of an effective board
   2. Assess based on a given scenario the issues of accountability of management to a board, private and institutional shareholders
   3. Evaluate based on a given scenario the issues of transparency for an entity
   4. Explain the importance of probity as a principle of governance assessing issues and their implications in a given scenario
   5. Assess the extent to which a board is focusing on sustainable long-term success in a given scenario
3. Risk and risk management: LO3, 7
   1. Explain the meaning of risk and business risk including risks arising externally or internally and relating to achievement of:
      1.  Strategic objectives
      2. Operational efficiency and effectiveness
      3. Reliable reporting, and
      4. Legal, regulatory and ethical compliance
   2. Assess risks in a given scenario and their impact upon objectives
   3. Explain appropriate responses to risks identified in a given scenario
   4. Explain appropriate high level procedures to mitigate risks in a given scenario
4. Choice of business strategy: LO5, 7
   1. Analyse the appropriate choices of strategy that a company may adopt with explanation based on a given scenario
   2. Identify from an analysis undertaken of choices of strategy, with explanation, the impact on commercial, ethical, corporate responsibility and sustainability objectives
   3. Evaluate appropriate strategies based on a given scenario that support a business’s objectives taking into account constraints, conflicts and other issues
   4. Draw conclusions based on market and product analyses that support a business strategy concerning the pricing, positioning, placing and product decisions in a strategic marketing plan
   5. Evaluate the potential issues of change arising from a chosen or given business strategic implementation plan.
5. Implementation of business strategy: LO6, 7
   1. Analyse the alternative appropriate functional strategies that may be appropriate to deliver a chosen strategy set out in a given scenario
   2.  Analyse the alternative appropriate organisational structures and related activities that may be appropriate to deliver a chosen strategy set out in a given scenario
   3. Analyse a chosen business strategy in a given scenario so that an evaluation may be undertaken leading to the drafting of a simple business plan
   4. Evaluate a given business plan from a shareholder or stakeholder perspective drawing conclusions and judgements as to whether it can meet the business’s objectives in the context of its environment
   5. Evaluate how information technology and information systems can support the effective implementation of a business strategy including issues of competitive advantage, including considerations of the:
      1. Impact of Information systems on organisations
      2. Relationship between Information systems/Information technology strategy and corporate
      3. Strategy
      4. Role of Information systems/ Information technology in creating competitive advantage
      5. Impact of Information technology on organisations
      6. The impact of contemporary developments in Information technology on organisational strategy
      7. The impact of e-commerce on organisations and business
      8. Evaluate the potential issues of change arising from a chosen or given business strategic implementation plan
6. Ethical framework, choices and impact of strategic decisions: LO7
   1. Illustrate using information in a given scenario the meaning of business ethics
   2. Explain in the context of a given scenario how business ethics and moral duties may be linked
   3. Explain in the context of a given scenario how business ethics and business success may be linked
   4. Assess in a given scenario issues of ethics and corporate social responsibility
   5. Assess in a given scenario issue of professional ethics and corporate governance