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MG106: Strategic Management

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Course Content         

This course is an introduction to the field of Strategic Management. It covers the key concepts and theories in the field and how they can be applied to real business situations.

The main objective is to learn how to formulate and implement successful strategies that grant competitive advantage to a firm, where a strategy is a plan that guides managerial decisions. Theoretical background is founded on the “resource-based view” of the firm and its complementarity to microeconomic theory, game theory and organizational theory.

Topics covered include:

  • The business model of the firm
  • Industry structure and strategic interactions
  • Value creation and competitive advantage
  • Strategic resources
  • Dynamic capabilities
  • Diversification and synergies

The course is illustrated with thought-provoking case studies about real companies in various industries.

Course outcomes

The objective of the course is to illustrate how strategic management supports companies in achieving competitive advantage. At the end of the course students should be able to:

  • Efficiently structure a competitive situation amidst an excess of data
  • Use analytical reasoning to evaluate competitive scenarios
  • Critically evaluate strategic alternatives for a firm
  • Recognize competitive patterns among firms in the global economy

World-class LSE teaching

The Department of Management was established in 2000, and is committed to advancing the frontiers of the study of management, through its social-science based research, collaboration across the entire LSE, and its engagement with enterprises, organisations, and leaders throughout the world. The 2014 Research Excellence Framework has ranked LSE as the UK higher education leader for Business and Management Studies.

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE.

 


 Texts

There is no set text for this course. Students will be given a set of photocopied materials, and will additionally be expected to make use of reading materials available electronically in the Library.

A pack of business case studies will be distributed at the beginning of the course.

*Course content, faculty and dates may be subject to change without prior notice

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KEY FACTS

2017 course dates to be confirmed.

Lecturer:
Dr Lourdes Sosa
Dr Catherine Thomas


Level: 100 level

Fees: Click here for information

Prerequisites: Students will be required to participate actively in the discussions, so should be comfortable conversing in English.

If you have completed at least one year of microeconomics, you should consider applying for Corporate and Organisational Strategy instead.

Lectures: 36 hours 

Classes: 18 hours

Assessment*: One written examination and one project on strategy identification

Typical credit**: 3 credits (US) 7.5 ECTS points (EU)


How to apply?

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*Assessment is optional – see FAQs

**You will need to check with your home institution. Read more about credit transfer here.