Preview

UNIVERSITY COLLEGE DUBLIN Master of Science

Powerful Essays
Open Document
Open Document
5113 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
UNIVERSITY COLLEGE DUBLIN Master of Science
UNIVERSITY COLLEGE DUBLIN

Master of Science (Singapore)

Business Policy (BMGT4046S)

STUDY GUIDE

MSc18 FT Singapore

Copyright October 2014

Author: Dr Richard Tan (2014)

This manual was prepared for University College Dublin as a comprehensive support for students completing the above mentioned Degree programme.

© This publication may not be reproduced, in whole or in part without permission in from University College Dublin.

Module Co-ordinator: Dr Richard Tan
Email: richard.tan@kaplan.com

TABLE OF CONTENTS PAGE
WELCOME MESSAGE 4
1. INTRODUCTION 6
a. Background details
b. Module aims
c. Programme goals

2. MODULE OUTLINE 9
a. Module learning outcomes
b. Themes and topics
c. Learning materials

3. MODULE DELIVERY SCHEDULE 8
a. Session arrangements
b. Student engagement
c. Office hours arrangements

4. ASSESSMENT DETAILS 11
a. Assignments
b. Module assessment components
i. Assignment 1 ii. Assignment 2 iii. Examination 5. GRADING 17
a. University grading policy
b. Grade descriptors for assessment components

6. CONCLUDING COMMENTS 21 APPENDICES 22

WELCOME MESSAGE

The traditional concept of the strategic planning process is one that is rational and deterministic, and orchestrated by senior managers. Formal planning helps companies make better strategic decisions, and the use of decision aids can help managers make better forecasts. However, formal strategic planning systems do not always produce the desired results. It stresses the importance of strategic decision-making by providing an understanding of how cognitive biases impact strategic decision making along with techniques for improving decision making. Thus requires good strategic leadership that will lead organizations to high
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Best Essays

    MHA 612 FINAL PAPER
    • 3334 Words
    • 10 Pages

    MHA 612 FINAL PAPER

    Strategic planning is describes the strategic management as the art of making complex, long-term, future-oriented decisions and taking actions that result in the formulation and implementation of plans designed to achieve a company’s objectives. The process focuses on the belief that a firm’s mission can be best achieved through a systematic and comprehensive assessment of both its internal capabilities and its external environment. Strategic management process is the implementation of the company’s strategy by executive management considering its resources, circumstances, and environment to position the organization to complete is mission in a cost-effective, efficient manner. The corporate goals, policies, and tactics are incorporated into this process.…

    • 3334 Words
    • 10 Pages
    Best Essays
    Read More
  • Powerful Essays

    Mba Capstone
    • 3328 Words
    • 13 Pages

    Mba Capstone

    Strategic Management is the theory and practice of making decisions that shape the future of the firm. This course looks at the content and process of strategic decision making from the perspective of managers who are responsible for an entire business unit. These may be individuals who are acting in the capacity of a Chief Executive of a company, divisional General Managers, or departmental heads. It is also the perspective most often expected of students of management, who may be expected to deal with business situations from a wide range of perspectives as well as those involved in family owned businesses. The course will make it possible for students to:…

    • 3328 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Good Essays

    Jones Review Strategic Planning MGT414
    • 875 Words
    • 3 Pages

    Jones Review Strategic Planning MGT414

    Strategic planning and leadership go hand-in-hand. Strategic leaders have vision, foresight, clarity of mind, and the willingness and determination to see the process through to the end. The influence and power that a leader has on the strategic planning process is important because they are the ones that people will follow and look to see the validity in the process. This paper will discuss the importance of five interconnected leadership tasks that are vital to the successful planning and implementation of strategic planning.…

    • 875 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Strategic Alternatives In Health Care Organizations: Strategic Analysis
    • 1789 Words
    • 8 Pages

    Strategic Alternatives In Health Care Organizations: Strategic Analysis

    Strategic planning includes a group of organizational processes used to locate the desired future of the organization and aid in the development of a map to guide management in a direction to achieve the objectives and goals for the organization (Varkey & Bennet, 2010, p. 46). If performed correctly, the strategic planning process lead by senior management can be a fundamental tool to create a team building atmosphere and develop the desired employee cooperation and enthusiasm for current and future change and action needed during the implementation phase (Varkey & Bennet, 2010, p. 46). The authors describe in detail how organization’s senior executive leads the team through strategic analysis including a competitive market analysis, a SWOT (strength, weakness, opportunities, threats) analysis, as well as a financial accounting and management examination in correlation with current organizational structure and processes in place evaluating where potential changes need to occur (Varkey & Bennet, 2010, p. 46). The authors stress the executives should use the strength of the strategic planning process to clarify the purpose and vision of the organization in a way which inspires employees to work as a team to reach the organizational vision (Varkey & Bennet, 2010, p.…

    • 1789 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Better Essays

    Managerial Functions Within Foot Locker Inc
    • 843 Words
    • 3 Pages

    Managerial Functions Within Foot Locker Inc

    Planning provides a sense of direction and purpose. All managers use the planning strategy to develop goals and courses of action, establish rules and procedures, and to forecast future outcomes. Planning requires management to evaluate, both internally and externally, the current state of the company and where it will be in the future. “Planning is a process consisting of several steps. The process begins with environmental scanning, which simply means that planners must be aware of the critical contingencies facing their organization in terms of economic conditions, their competitors, and their customers. Planners must then attempt to forecast future conditions. These forecasts form the basis for planning” (Barnett, 2006)…

    • 843 Words
    • 3 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    MGT wk 1
    • 510 Words
    • 3 Pages

    MGT wk 1

    In society there are hundreds of companies competing for your business on a day to day basis. As a management team it is crucial to understand strategic planning, and know how it can help you grow as a company. In corporate terms, strategic planning is making a plan as a company in order to achieve long-term goals and objectives. Upper management must think strategically first, then apply that thought to a process. The strategic management process is best implemented when everyone within the business understands the strategy. There are five stages for the management team to understand they are goal-setting, analysis, strategy formation, strategy implementation and strategy monitoring.…

    • 510 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    My Name Is Yazer Navarrete And I Have Chosen To Major In Business Administration
    • 340 Words
    • 1 Page

    My Name Is Yazer Navarrete And I Have Chosen To Major In Business Administration

    Many businesses collapse because of lack of strategic thinking. Numerous business owners lack long-term goals or simply fail to correctly execute daily problems. The business world is constantly changing. With all the information in the business realm, it can often be difficult to stay up to date with the latest innovations and technology. Strategic thinking and problem solving are key factors in assuring the future of ones business.…

    • 340 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Strategic Plan Overview
    • 1043 Words
    • 5 Pages

    Strategic Plan Overview

    Strategic planning examines all business aspects and is more than envisioning the future, because it requires setting goals and establishing critical success factors and actions necessary to reach those goals. Goals and actions are tactical plans updated annually or semi-annually to track progress. Strategic plans are made according to each company’s process. Some complete the process every few years, whereas others prefer a five-year interval. Some companies plan a five-year timeframe, whereas others set longer timeframes. In any case, implementation and tracking are never-ending responsibilities for management and employees.…

    • 1043 Words
    • 5 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Primary Components Strategic Management Process
    • 563 Words
    • 3 Pages

    Primary Components Strategic Management Process

    To obtain the most success out of any assignment, whether it is personal or business related, everything all begins with a plan at the highest level. It is often wondered why businesses are so successful, is it good leadership, or great planning. There will be a brief discussion on the four primary components of a strategic management process, and why it is needed for a company.…

    • 563 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Mintzberg - the Fall and Rise of Strategic Planning
    • 4463 Words
    • 18 Pages

    Mintzberg - the Fall and Rise of Strategic Planning

    We have also learned how the literature of management can get carried away and, more important, about the appropriate place for analysis in organizations. The story of strategic planning, in other words, has taught us not only about formal technique itself but also about how organizations function and how managers do and don’t cope with that functioning. Most significant, it has told us something about how we think as human beings, and that we sometimes stop thinking.…

    • 4463 Words
    • 18 Pages
    Powerful Essays
    Read More
  • Good Essays

    annotated bibliography
    • 606 Words
    • 2 Pages

    annotated bibliography

    The mixed research methods were introduced separately in four units in this handbook. The authors write this text in accordance to the process that they describe the definition of a concept, and then they introduce the function of different…

    • 606 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Pros And Cons Of Strategic Planning
    • 274 Words
    • 2 Pages

    Pros And Cons Of Strategic Planning

    Strategic planning is a conventional concept within most organizations. Strategic thinking, on the other hand, is an infrequent and possibly misunderstood concept; however it is utilized within organizations. Strategic planning is thought to be the analysis. How are we going to get this done? Strategic thinking is the combination of creativity and intuition. To better illustrate the concept, envision an old and new generation. On one hand you have the old generation who do not take risk, take more time to weigh the pros and cons, and compared to the new generation are more structured in thinking and day-to-day activities. These traits correlate to the strategic plan. The new generation is the vibrant, willing to explore and sometimes unstructured…

    • 274 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Thinking Strategically
    • 1268 Words
    • 6 Pages

    Thinking Strategically

    When I reviewed BJ’s ProSports I focused mostly on the strategic thinking process in order to establish what influence it had on managerial decision-making. I also focused on influences that global competition and culture have on managerial decisions, because the environment changes constantly. Managerial decision-making is important when business is attempting a long-term objective for the company. I have learned that human thinking is an important part to an organization. With that being said, strategic thinking is important to apply when trying to solve problems in the organization. Human beings should be able to use their talents and skills by thinking appropriately and constantly. I learned that human beings can be very creative if they use their mind constructively. Thinking strategically is necessary in order to plan and implement changes appropriately. In the first simulation strategic thinking was used in each step of the way and at all stages of the organization.…

    • 1268 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Critical Thinking Research Paper
    • 2200 Words
    • 9 Pages

    Critical Thinking Research Paper

    Scott Armstrong, J. (1982). The value of formal planning for strategic decisions: Review of empirical research. Strategic Management Journal, 1-16.…

    • 2200 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Set Nov12
    • 2260 Words
    • 10 Pages

    Set Nov12

    lwpuk % (1) ;k iz'uif=dsr lkB (60) cgqfuoM iz'u fnysys vlwu izR;sd iz'ukyk nksu (2) xq.k…

    • 2260 Words
    • 10 Pages
    Powerful Essays
    Read More

Related Topics