UNIWERSYTET WARSZAWSKI WYDZIAŁ ZARZĄDZANIA KARTA PRZEDMIOTU Kod przedmiotu w USOS (course cod of USOS) 2600-0550211014 Kod przedmiotu SOCRATES (course cod of SOCRATES) Nazwa przedmiotu (cours title) Strategic Management Typ przedmiotu (type of course) Obligatory Poziom przedmiotu (level of course) Rok studiów, semestr (year of study, semester) I ECTS (number of credits) 2 Metody nauczania (teaching methods) Lecutres supported by e-learning Język wykładowy przedmiotu (language of instruction) ENGLISH Imię i nazwisko wykładowcy (name of lecturer) Dr Tomasz Ludwicki Wymagania wstępne (prerequisites) Microeconomics, Macroeconomics, Organization Theory Cele przedmiotu (objectives of the course, preferably expressed in terms of learning outcomes and competences) Skrócony opis przedmiotu (brief course description) Pełny opis przedmiotu (full course description) Course objectives are: 1. to develop an understanding of the different concept of strategy and their commonalities and differences 2. to practice several tools of strategic management 3. to analyze several cases of good and bad strategic management This course focuses on key issues in formulating and implementing strategies in business organization, in a way to create a sustainable competitive advantage. These issues are approached from the perspective of general manager, responsible for organizational success in today’s global, turbulent economy. The emphasis is on pragmatic and action oriented general management skills. However, a considerable body of theory has evolved within different disciplines that have salient implications for the strategy discipline. Therefore the course will emphasize interdisciplinary nature of the strategy field. Topics Introduction to the Strategy Course Strategy as a plan Main assumptions General strategy model 1 Tools – trends, programs, SWOT Discussion of Honda (A) case study - What are the reasons of Honda success? - How did Honda manage to create a positive feedback loop that ensures growth? Summary: lessons from the case study Strategy as a pattern - Main assumptions - Development of inertial pattern Tools – analysis of organizational rules of the game Discussion of Honda (B) case study - Evaluate leaders of Honda and their relations? - How did Honda prepare to entry to the US market? - How did Honda perform entry into the US market? - What was the pattern of Honda activities and moves? Summary: lessons from the case study Strategy as position at the marketplace Main assumptions; General strategy model; Tools: o 5 forces model; o Value net model; o Stakeholder model; o Generic strategies framework; o Value chain model and strategy as set of choices and activities. Discussion of RyanAir (A) case study: - What is your assessment of Ryanair’s launch strategy? (give solid arguments.) - How do you expect Aer Lingus and BA to respond Create scenarios and discuss which is the most probable? - How costly would it be for those airlines to retaliate against Ryanair’s launch rather than accommodate it? (Calculate range of costs involved). Summary: lessons from the case study Strategy as core competence Main assumptions General strategy model – VRIO framework Tools o Core competence exercise o Strategy as configuration – developing innovative strategies Strategy as simple rules and real options. Case study: Judo in Action Developing and implementing strategy Selection of approach and 5 elements of good strategy making choices and implementing them. Types of strategy – classical typologies and trade offs Price-quality Old-new markets/products Conservative versus offensive strategies Generic strategies Focused and diffused advantages Case Study “Barco Projection Systems (A)” - Analyze the industry 2 - Evaluate strategic position of Barco from the perspective of different typologies - Analyze options listed at the end of the case – which one should they choose? Why? Summary: lessons from the case study Metody oceny (assessment methods) Literatura (bibliography) Strategic toolbox Analyzing strategic groups and practical significance of drawing groupings – making options clear Analyzing value chains Benchmarking Configuration analysis Portfolio Analyzes Rules of good and bad strategic portfolio - Case Study: Samsung Summary: lessons from the case study 1. Team Assignments - Cases ( Honda (A+B), RyanAir A, Barco, Judo Samsung) -5 x 8 = 40 Points 2. Class Participation (class discussion and right activity mean taking part in cases discussion, offering insightful commentaries, being prepared) – 10 3. Final Exam – Individual Case Study (remote, open book exam) – 50 Total -100 Bonus - 10 Lektury podstawowe: 1. Bob de Wit i Ron Meyer (2004) Strategy: Process, Content, Context. London: ITBP lub (1999) Strategy Synthesis, London: ITBP, www.thomsonlearning.co.uk Articles available via EBSCO: 2. Don Sull (1999), Why Good Companies Go Bad, HBR , July-August 3. C. Markides (1999), Six Principles of Breakthrough Strategy, Business Strategy Review, Issue 2/1999 4. Bower and Christensen (1995), Disruptive Technologies, HBR January-February 5. Hamel Gary and C.K. Prahald (1989), Core Competence of a Corporation, HBR 6. Hamel Gary (1996), Strategy as Revolution, HBR, July-August 7. Christiansen C. M. (2001) The Past and Future of Competitive Advantage, Strategic Management Review 8. Eisenhardt Kathleen and Don Sull (2001), Strategy As Simple Rules, HBR , Jan.-Feb. 3 4
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