Important Definitions of Strategic Management Terms

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1.Managing Financial Resources: Provides students with an understanding of the nature of resources available to an organization; how resources can be managed to add value; understand the value chain and how sustainable competitive advantage can be maintained; how linkages between value systems are created for competitive advantage; and how the core skills and competencies of an organization are identified and managed. 2.Corporate Finance and Evaluation: Introduces students to the modern theory of finance. It examines decision rules for financial decisions in firms and the capital market context in which these decisions are made. The subjects covered are the value and capital budgeting, portfolio theory, models of security valuation, efficient markets, long-term financing, company dividend decisions, capital structure, and interactions of investment and financing decisions. 3.Financial Accounting and Analysis: Aims to take students from first principles financial accounting rules and concepts to a broad understanding of some of the key practices and techniques in financial accounting and analysis. The module covers the principles underlying financial statements, the preparation of basic financial statements, key elements of financial accounting theory, accounting standards and the interpretation of published financial statements. 4.Strategic Management Simulation: This module aims to introduce to students key aspects of strategic management through a business simulation exercise. Students work in a team environment to develop their knowledge and skills in strategic decision making, with tasks centered on finance and human resource management. The simulation is a computer based. The teams compete against each other in a simulated business environment and the strategic decisions they make have real time affect on how their organization performs. Decisions are therefore coordinated within the team based on the interpretation of various forms of information, which in...
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