Strategic Management
6 Credits (ECTS)
Strategic Management
Get 70% back via Tax Credit
€280 refund on this module
Module Description
This module provides learners with essential knowledge on strategic management and its challenges. It examines strategic management processes, phases, and benefits, helping learners understand its application in various contexts.
The module covers key aspects such as corporate governance and social responsibility in strategic management.
Learners will critically analyze external and internal organizational forces using the PESTEL framework and SWOT analysis.
Additionally, the course will familiarize learners with the factors involved in implementing strategy, equipping them with the tools to navigate and influence strategic directions effectively within their organizations.
Entry Requirements
Candidates who apply for this course must possess:
- a qualification at MQF Level 4 (one ‘A’ Level or equivalent in any subject)
AND
- a pass in English* and Mathematics at MQF Level 3 (‘O’ Level or equivalent).
Preference is given to applicants having a year of work experience related to the field of study.
*Students whose first language is not English will be required to demonstrate evidence of an adequate level of English proficiency.
Target Audience
This course is targeted at people who wish to have a thorough background in management in order to progress further in their careers, such as:
- Supervisors
- Coordinators
- Assistant Managers
- Junior Managers
- Middle Managers
- Project Coordinators/ Project Managers
The target group can also be extended to groups that have significant management experience but lack a formal qualification, such as managing directors and officers.
Module / Unit Instructions
The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:
1. Face-to-face sessions: 18 hours
2. Online Learning Activities: 12 hours
Face to Face sessions
Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.
Online Learning Activities
Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises.
Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
The tutor provides continual support during both teaching -learning modes by providing information, readings and tasks relevant to the module in question.
The tutor provides continuous formative feedback as an on-going guidance during the student’s learning experience in preparation for their summative assessment.
How you’ll be assessed
Assessment of each module consists of two assignments, each carrying a weighting as below:
a) One Formative assignment carries 20% of total module mark achieved. b) One Summative assignment carries 80% of total module mark achieved.
For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in both the formative and the summative assignment.
The overall grade achieved for each module is calculated as the sum of: · 20% of the mark achieved for formative assignment; and · 80% of the mark achieved for the summative assignment.
All assignment tasks of both formative and summative assessment aim to provide the learner an opportunity to produce evidence of his/her competences aligned to the learning outcomes of each individual Module.
Assessment
a) Formative assessment tasks are provided in the form of structured online discussions that support learners in their development throughout all of the modules studied.
Such discussions are facilitated and monitored by lecturer who provides students with constructive feedback to help them improve and prepare for summative assignment and dissertation.
For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in the formative assignment.
Formative assessment tasks will contribute to the student’s final mark to acknowledge their work and give chance to improve.
This method allows students to also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
b) Summative assessment is done via one assignment at the end of each module. The mode of assessment varies and may include in-class assignments, and home-based written assignments.
The assessment tools for this module are proposals or essay titles.
Word count range: 1500 ± 10%
For successful completion of a study module the student is required to achieve a minimum of 41% pass mark in summative assignment.
Module Intake Dates
October 2024
Additional Info
Reading for the entire Bachelor of Science (B.Sc.) in Management as presented in this brochure costs €9,000.*
The cost for the different exit points is as follows:
- Certificate in Business Management : €2,000
- Diploma in Business Management: €4,000
- Higher Diploma in Business Management: €6,000
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Manage ethical concerns responsibly and effectively.
- Evaluate external forces through the PESTEL framework and forecasting.
- Carry out internal analysis through the use of the SWOT analysis and analyse the financial, marketing, operations and human resources plan.
- Supervise job design for strategy implementation.
- Measure performance and strategic management by overcoming barriers.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Strategic management (i) processes, (ii) phases, (iii) benefits and (iv) barriers
- The Star Model.
- Corporate governance and Social Responsibility.
- Environmental analysis; the PESTEL framework.
- Internal analysis; SWOT analysis.
- Job design and staffing as part of strategy implementation.
- Performance management and evaluation of goals’ achievements.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Apply the Star Model to own strategic planning.
- Carry out roles and responsibilities in implementing strategy and critique them.
- Apply the most suitable strategy management processes for own situation.
Judgment Skills and Critical Abilities:
The learner will be able to:
- Evaluate strategic management and performance measurement barriers and methods to counteract them.
- Analyse critically strategic management in various contexts.
- Assess external forces and evaluate the risks of forecasting.
- Analyse internal resources and ways to gain competitive advantage.
- Analyse staffing as part of implementing strategy.
- Recognise the developments in corporate governance.
- Identify external forces and internal resources and cater for them.
Module-Specific Communication Skills:
The learner will be able to:
- Describe strategic management processes and phases and define strategy management.
- Illustrate the benefits of strategic management.
- Discuss the Star Model for good strategic management.
- Explain developments in corporate governance.
- Describe evaluation tools for internal and external analysis.
- Discuss the roles and responsibilities involved in implementing strategy.
- Illustrate the barriers one encounters to measure performance.
- Describe strategy management phases and its benefits.
- Describe the importance of and procedures in assessing achievement of goals.
Module-Specific Learner Skills:
The learner will be able to:
- Evaluate own learning on ethical responsibilities in strategic management.
- Proceed to study independently the barriers to strategic management and to measuring performance for further improvement.
- Study the developments in corporate governance to remain abreast any new changes.
- Undertake further independent studies in environmental and internal analysis such as the PESTEL framework and SWOT analysis respectively.
- Proceed to study independently job design for strategy implementation and staffing as part of implementation strategy.
Module-Specific Digital Skills and Competences:
The learner will be able to:
- Navigate through the online learning platform to benefit from assignments, discussion boards, literature, tutorials etc.