Business Policy and Strategic Management: outline for Ph.D students

5113 Business Policy and Strategic Management

Max. Marks: 100

Internal Marks:50

External Marks: 50

Objective

The objective of the subject is to make Ph.D. students conversant with a set of management strategies which specify the firm’s product-market position, the directions in which the firm seeks to grow and change the competitive tools it will employ, the strengths it will seek to exploit and the weaknesses it will seek to avoid.

Course Syllabus

Section 1

Strategic Management and Business Policy: Basic Framework, Overview of Strategic Management Process, Characteristics of Strategic Management, The need for defining strategic intent through Vision & Mission statements

Environmental Scanning: The current Indian & International Business Environment, Types of Strategies, Guidelines for crafting strategies, Tailoring strategies to fit specific Industry. Environmental Threat and Opportunity Profile (ETOP), Organizational Capability Profile – Strategic Advantage Profile, Corporate Portfolio Analysis, SWOT Analysis.

Formulation of Strategy: Various Stages and Components of Strategy; Corporate level strategies-- Stability, Expansion, Retrenchment and Combination strategies. Concept of Synergy, Corporate Restructuring.

Section 2

Business level strategies—Generic Alternatives of Differentiation, Low Cost & Focus., Developing Core Competence & Distinctive Competence; The Alternatives of Market Penetration, Product Development, Market Development, Diversification & its types including vertical integration.

Process based business transformation strategies (Total Quality Management, Business Process Reengineering, Competitive Benchmarking and IT-enabled Value Chain Management through ERP)         Business level strategies—Generic Alternatives of Differentiation, Low Cost & Focus.; Developing Core Competence & Distinctive Competence; The Alternatives of Market Penetration, Product Development,

Strategic Analysis and Choice: Corporate level analysis, BCG, GE Nine cell, Porter’s Five Forces Model of Competition, Mc Kinsey’s 7s Framework Hofer’s product market evolution and Shell Directional policy Matrix, Qualitative factors in strategic choice

Distinctive competitiveness:  Selection of matrix while considering all models discussed above, Implementation of strategy: Analysis and development of organizational policies-marketing, production, financial, personnel and management information system.

Section 3

Strategy implementation: Issues in implementation - Project implementation - Procedural implementation, Procedural implementation - Resource Allocation - Budgets - Organization Structure - Matching structure and strategy

Behavioural issues: Leadership style – Corporate culture – Values – Power – Social responsibilities – Ethics- Building a capable organization,

Strategy Evaluation: Importance. Symptoms of malfunctioning of strategy – Organization anarchies, Operations Control and Strategic Control.

Measurement of performance: Measures of Performance, Analyzing variances – Role of organizational systems in evaluation, Rescheduling of resources-Techniques for improving organization effectiveness.

New Business Models and strategies for Internet Economy Impact of Globalisation & e-commerce - E-Commerce Business Model and Strategies - Internet Strategies for Traditional Business - Key success factors in E-Commerce. Cases in strategic management

Recommended Texts

·         Lawrence R. Jauch, William F. Glueck, Business Policy and Strategic Management, McGraw-Hill, 5^th Edition.

·         John A. Pearce II, R.B. Robinson, Jr., Strategic Management, 3^rd Edition, A.I.T.B.S. Publications, Delhi.

·         Fred R. David, Strategic Management - Concepts and Cases, Pearson Education, 10^th Edition’.

Instructions for the Paper-Setter

The external paper will carry 50 marks and would be of three hours duration. The question paper will be divided into three groups, i.e., I, II and III. The question paper will consist of nine questions; three from each group.

Instructions for the Candidates

Candidates will be required to attempt five questions in all, selecting not more than two questions from each group.

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