Home /Unit 1, Strategic Business Management and Planning

Unit 1, Strategic Business Management and Planning

Level 7, Unit 1 - Strategic Business Management and Planning (25 credits)

1. Understand the nature, scope and need for strategic business management and planning.

2. Understand a range of classic and contemporary models, concepts and tools in business strategy and planning.

3. Understand the processes by which organisations identify and develop their goals and values.

4. Understand the impact of social, technological, economic, environmental, political, legal, ethical and democratic, (STEEPLED) factors on an organisation.

5. Understand the key forces that present opportunities and threats to organisations.

6. Understand the strategic processes enabling an organisation to achieve competitive advantage.

7. Understand the future challenges affecting strategic business management and planning decisions.

1.1 Explain the scope, nature and characteristics of strategic business management and planning in a global environment. 2.1 Identify classical and contemporary models, concepts and tools that support business strategy. 3.1 Identify the processes by which organisations priotitise and project their goals and values. 4.1 Explain the potential impact of the external environment on organisations, relating it to general principles of organisational strategy. 5.1 Identify the capabilities and competences that allow organisations to achieve competitive advantage. 6.1 Identify the capabilities and competences that allow organisations to achieve competitive advantage. 7.1 Analyse the impact of global trade agreements on strategic business management and planning
1.2 Critically analyse the need for strategic business management and planning in a global environment. 2.2 Critically appraise the use of classical and contemporary models, concepts and tools in supporting business strategy. 3.2 Provide responses to conflicting needs, power and influence of stakeholders on an organisation’s goals. 4.2 Compare and contrast individual elements of the STEEPLED range in terms of their likely impact on a specific organisation. 5.2 Critically analyse strategies by which an organisation positions itself to outperform its competitors. 6.2 Critically analyse strategies by which an organisation positions itself to outperform its competitors. 7.2 Appraise and report on the effects of global warming and the increasing scarcity of commodities on business strategy.
1.3 Appraise the international dimensions of strategic business management and planning. 2.3 Compare and contrast prescriptive and emergent theories of corporate strategy and their relevance to organisations. 3.3 Summarise the influence of corporate governance and regulation on the corporation's strategic approach. 4.3 Identify the sensitivities of an organisation to environmental change and make appropriate recommendations. 5.3 Evaluate the turbulence of environmental change with a focus on the opportunities this can generate. 6.3 Identify and evaluate appropriate strategies for emerging, maturing and declining competitive positions. 7.3 Evaluate the potential opportunities and threats presented by emerging international economies.
1.4 Analyse the different levels of organisational strategy and their relationship with tactical and operational decision making. 4.4 Critically assess the Porter's Diamond theory as a strategic planning tool. 5.4 Describe organisational strategies that can mitigate negative outcomes from environmental change. 6.4 Describe the mechanism for market disruption based on innovation that enables new customers into a market. 7.4 Explain the need for calculated risk taking in response to the impact of the increasingly competitive global environment.
1.5 Explain the distinction between profit and not for profit organisations in terms of strategic business management and planning.