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Strategy in Practice

Strategy in Practice

Code: STR4HM102
Scope: 5 ECTS (135 h)
Timing: 1st or 3rd semester
Language: English
Curriculum: Master Curriculum

Starting level and linkage with other courses

No prerequisites.

Replacements

This course replaces the courses Strategy in Practice and Strategia käytännössä from the previous curriculum.

Learning objectives and assessment

Passed courses are assessed on a scale of 1 to 5. The assessment criteria are presented for grades 1, 3 and 5.

Grade 1
The student knows the concepts of strategic management, strategic models and methods. S/he is able to apply strategic models, tools and methods for the use of her own organisation. S/he can consider different kinds of interest groups and perspectives as well as changes occurring in them while planning and executing the strategy. The student is able to participate in formulating the action plan and strategic key performance indicators for the implementation of the strategy. The student understands the significance of communications in the strategy process and is able to take part in planning strategic communication.

Grade 3
The student knows the concepts of strategic management, different kinds of strategic approaches and strategic models and methods. S/he is able to apply and develop strategic models, tools and methods for the use of her own organisation. S/he can consider different kinds of interest groups and perspectives as well as changes occurring in them while planning and executing the strategy. The student is able to utilise organisational capabilities and competences for a strategy process. S/he can formulate action plans and project plans in order to execute the strategy. S/he knows how to define strategic key performance indicators. The student is able to plan and implement strategic communication actions.

Grade 5
The student comprehensively understands different kinds of strategic approaches and is able to compare strategic models, theories and perspectives. S/he is capable of selecting appropriate strategic approaches, models and tools for specific business position. S/he can identify an organisation’s strategic opportunities in diverse and innovative ways. The student is able to comprehensively utilise organisational capabilities and competences in a strategy process. S/he can transform strategic goals into action plans and formulate strategic key performance indicators. The student is able to plan and implement holistic strategic communication.

Course content

  • Practices of strategic management
  • Strategy process
  • Strategy tools and methods
  • Strategic development
  • Strategic key performance indicators
  • Strategic communications

Learning methods

Depending on the implementation, learning takes place in contact lessons, as independent studies, teamwork and/or online-studies. Learning methods include dialogic, experimental and collaborative contact lessons, simulation practices, guest lecturers, case studies and the development of the strategy models in the student’s own organisation. The course includes the assessment of one’s own learning.

Recognition of prior learning (RPL)

If students have acquired the required competence in previous work tasks, recreational activities or on another course, they can show their competence via a demonstration and thus progress faster through their studies. More information and instructions for recognising and validating prior learning (RPL) are available at MyNet.

Cooperation with the business community

The studies and learning assignments seek to mirror everyday business in corporations and other organisations. The learning sessions may include guest lectures, visits and/or real-life cases to be solved. Students apply their learning within their current work environment.

International dimension

Depending on the implementation, student backgrounds and work environments will bring an international perspective to the course. Internationality can also be present through case studies, books, articles and assignments.

Teachers

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