Business Policy & Strategic Management is a capstone course; it takes a holistic approach and intends to integrate the knowledge that has already been acquired in all of the previous courses in a business management program. The course tries to furnish the students with the necessary skills and ability in applying their accumulated knowledge to solve the strategic problems of organizations. The course has been designed to provide the students with the opportunity to develop an understanding of strategic management and managerial policy concepts, techniques and methodologies, to develop the necessary conceptual and analytical skills to collect and analyze data, to make rational and strategic decisions, and to integrate and apply the previously learned and accumulated knowledge to deal with the complex business problems through case analyses and a simulation exercise.
The course will cover such topical areas as the study of strategic management and business policy, strategic decision-making, external environmental scanning and industry analysis, internal environmental scanning and organizational analysis, SWOT analysis and business strategy, corporate and functional strategies, strategy formulation, strategy implementation, evaluation and control, strategic issues in managing human resources, and the application of business strategy simulation.