2291 - Business Strategy
Course information
- Title
- Business Strategy
- Course number
- 2291.23
- Academic year
- 2024-2025
- ECTS
- 7.50
- Level
- Bachelor
- Faculties
- History and Social Sciences
- Educations
- BSc in Economics and Management
- Prerequisites
- Upper secondary diploma with B-level mathematics.
- Language of instruction
- Faroese
- Registration
- Students on the third semester of Bachelor of Science in Economics and Business Administration are automatically enrolled. Applicants for an individual course must apply via the Student Service Center at lss@setur.fo
- Beginning date
- Wednesday, August 28, 2024
- End date
- Thursday, November 28, 2024
Academic content
- Purpose
- The objective of the course is to prepare the student to understand the strategic issues and opportunities of a business, and to understand these in the specific business environment in which it operates.
- Learning outcomes
- Upon completion of the course, the student shall: • Possess knowledge about the main issues of strategy and the theoretical methods for strategic management. • Have capability to reflect upon industrial structure and the individual business’ position upon that market. • Possess capability to use models to analyze the competitive environment – internationally and locally – of any business or organisation. • Possess capability to use models to analyse strategic opportunities: What, where and how a business must compete. • Know how to discover and assess the sources of competitive advantage and the analyze these advantages. • Possess capability to use models to analyze the strategic options and trade-offs between organic growth, acquisitions or strategic alliances. • Possess capabilities to organize the strategic decisionmaking process and implementation of strategy, including to evaluate and analyze risks. • Ability to reflect upon the best suitable methods to lead the business or organisation to best achieve its purpose.
- Content
- Business strategy is a subject which is in constant development, and new theories surface regularly. In addition to the core reading, where the most common theories and methods are being described, the course is organised with short articles, presentations, real cases and exercises, where the students can train their strategic thinking.
- Learning and teaching approaches
- The class lectures are used for shorter lectures and exercises and cases. Student presentations will also be used in this context. Study groups are recommended as part of the preparations for lectures.
Assessment
- Assessment method
- Oral examination with presentation based on written 10 page home assignment. The assignment must address the learning objectives and show that the student has comprehended a series of strategic subjects and methods, and to show that the student is capable to use these methods upon specific strategic issues.
- Examination (internal/external)
- External
- Grading scale
- 7-scale
- Exam date/dates
- The written assignment is due for submission on the 29th of November 2024. The oral exam is set for the 9th of January 2025.
- Deadline for withdrawal from exam
- Wednesday, August 28, 2024
Academic responsibility and teachers
- Academic responsibility
- Regin Djurhuus Hammer
- Teachers
- Regin Djurhuus Hammer