LSM 502 - Strategic Thinking

Institution:

Cornell University

Subject:

Description:

In this course, learners learn the four basic levels of strategic thinking under which an organization can operate, and the circumstances under which an organization must shift to a higher strategic level. At the completion of the course, learners will be able to prepare a competitive analysis of an organization, with recommendations for strategic development based on an industry analysis and an understanding of the organization's history, culture, and current operations. Who Should Take This Course This course is essential for all levels of managers, directors, and company officers who are responsible for making their organization a leader in its industry. Course Format This course contains the following modules: The Context for Strategic Thinking The levels of strategic thinking at which an organization can operate, the factors that lead to an optimum level, and the circumstances under which organizations shift to a new strategic level Determining the optimum level of strategic thinking for an organization's industry and culture The concept of strategic intent and its appropriateness for your company or industry Thinking Strategically About Your Organization Using Porter's Five Forces model to analyze the operating environment in an industry Managing products and product lines based on the BCG volume/margin model The relationship between core competencies (at the company level) and key success factors (at the industry level) Identifying core competencies and success factors required for any particular industry Preparing a competitive analysis of a company, based on the industry in general, and an understanding of its current operations and culture Benefits to Learner Learners who complete this course will be able to: Identify different levels of strategic thinking and determine which is optimal for their organization Determine the factors that influence organizations to change their level of strategic thinking Determine the core competencies and key success factors in an industry Apply the concept of strategic intent and evaluate its appropriateness in a specific organization or industry Prepare a competitive analysis of an organization Certificate Information This course can be applied to the following certificates: Business Leadership Skills Executive Leadership Sponsoring School Cornell University's Johnson Graduate School of Management

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cornell.edu

Phone Number:

(607) 255-2000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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