Lahore School of Economics

MANAGEMENT POLICY AND PRACTICE (MGT 503)

(MBA Professional)


Philosophy behind the Strategic Management course

Strategic Management is the capstone course for business administration majors. Students learn
new strategy formulation, implementation, and evaluation concepts and techniques. Students use
this new knowledge, coupled with knowledge acquired from other courses, to chart the future
direction of different organizations.

Strategic Management students analyze firms in different industries, make objective strategic
decisions for companies, and justify those decisions through oral or written communication.
Students recommend strategies for the organizations studied and specify how those strategies
could best be implemented. Strategic Management is a challenging and exciting course for
students.

Strategic Management is an interesting course to teach because the problems and issues of
strategic management cover the whole spectrum of business, including finance, marketing,
management, management information systems, production operations, economics, and statistics.
Strategic management is an emerging and rapidly developing discipline. Weighing the pros and
cons of alternative strategies entails a total enterprise perspective and a talent for judging how all
relevant factors fit together. This is quite a contrast to other required and elective courses, which
are generally concerned with a narrower, more specialized body of knowledge. Although the
features of Strategic Management pose an instructional challenge, there is plenty of
opportunity to make the study of strategic management the best course in the business
curriculum.

There are different ways to teach a good course in Strategic Management. Some instructors
supplement the text with a management simulation game; some instructors assign outside
readings; some use experiential exercises in class; and some instructors invite guest speakers
to class. Most Strategic Management professors use cases. The amount of class time devoted
to lecture and case analysis varies considerably among instructors.

If you are experienced in teaching Strategic Management, you may have resolved many
pedagogical issues to your own satisfaction. However, if this is the first time you are teaching
Strategic Management, then the information provided in the next few pages could help you
structure your own course.







Text Book
Strategic Management: A Competitive Advantage Approach, Concepts Plus NEW
MyManagementLab with Pearson eText -- Access Card Package, 14/E
Fred R. David, Francis Marion University
ISBN-10: 0133058654 ISBN-13: 9780133058659
2013 Prentice Hall Paper Bound with Access Card, 400 pp

Other Recommended Books:
Heinz Weihrich & Harold Koontz. 2004. Management: A Global Perspective. 11
th

Edition. McGraw Hill Education.
Stephen P. Robbins, David A. DeCenzo, Sanghamitra Bhattacharyya, Madhushree
Nanda Agarwal. 2009. Fundamentals of Management; Essential Concepts and
Applications. Pearson Education. 6
th
Edition.
Michael A. Hitt, J. Stewart Black, Layman W. Porter. 2005. Management. Pearson
Education.
Luis R. Gomez-Mejia, David B. Balkin, Robert L. Cardy. 2005. Management.
McGraw Hill. 2
nd
Edition.
Samuel C. Certo, S. Trevis Certo. 2006. Modern Management. Pearson Education.
10
th
Edition.
Hellriegel, Jackson, Slocum. 2002. Management; a Competency Based Approach.
Thomson. 9
th
Edition.
Thomas S. Bateman, Scott A. Snell. 2002. Management; Competing in the New Era.
McGraw Hill and Irwin. 5
th
Edition.
Danny Samson, Richard L. Daft. 2005. Management; Second Pacific Rim Approach.
Thomson. 2
nd
Edition.
Karthryn Bartol, Margret Ten, Graham Mathews and David Martin. 2005.
Management: a Pacific Rim focus. McGraw Hill and Irwin. 4
th
Edition
Required Reading List (Journals and Magazines etc):
Business Recorder, Daily News (Business Section), Daily Dawn (Business Section),
Tribune Express, and Wall Street Journal New York.
Harvard Business Review
Business Week, Forbes, Fortune
The Journal of Business
South Asian Journal of Management Science
Vision: The Journal of Business Perspectives
Management and Labor Studies
Asian Journal of Management Case
Pakistan Business Review





Table of Course Contents:

Part 1: Overview of Strategic Management
Chapter 1: The Nature of Strategic Management
o The Cohesion Case: The Walt Disney Company 2011

Part 2: Strategy Formulation
Chapter 2: The Business Vision and Mission
Chapter 3: The External Assessment
Chapter 4: The Internal Assessment
Chapter 5: Strategies in Action
Chapter 6: Strategy Analysis and Choice

Part 3: Strategy Implementation
Chapter 7: Implementing Strategies: Management and Operations Issues
Chapter 8: Implementing Strategies: Marketing, Finance/Accounting, R&D, and
MIS Issues

Part 4: Strategy Evaluation
Chapter 9: Strategy Review, Evaluation, and Control

Part 5: Key Strategic-Management Topics
Chapter 10: Business Ethics/Social Responsibility/Environmental Sustainability
Chapter 11: Global/International Issues