Introduction to the Diploma of Strategic Management Strategic management is an essential component of business. It refers to the formulation and implementation of goals and initiatives included in the strategies that the stakeholders have put in place in the organization to ensure the best decision-making processes for the organization, it is important that strategies are developed to support business functions and processes. Therefore, strategic management entails evaluating business goals, the organization’s vision and goals, as well as future plans. Additionally, the strategic management process is used to ensure effective and efficient workflow. Communicating this strategy internally and externally is also critical to success, so that both the employees and the organization can understand the purpose and direction along with the external parties’ understanding of what it stands for as an organization.
Academic axes of the diploma Part 1 An introduction to strategic management and business policy Basic concepts of strategic management Corporate governance Social responsibility and ethics in strategic management Part 2 Environmental Survey Environmental survey and industry analysis Organizational analysis and competitive advantage Part 3 Strategy formulation Business strategy Company strategy Career strategy and strategic choice Part 4 Strategy implementation and monitoring Strategy Implementation: Global Strategy Strategy Implementation: Organization and Structure Strategy Implementation: Recruitment and Orientation Evaluation and oversight Part 5 Essential Skills for Strategic Professionals Decision-making skills Thinking skills Part 6 Case study 1 Case study 2