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Level 5 Diploma in Logistics and Supply Chain Management

Strategic Frameworks and Formulation

LSC501 · Principles and Concepts of Strategy — Week 2 of 16

CourseLSC501
Week2 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Strategic Frameworks and Formulation

  1. Mission, vision, and core corporate values
  2. Setting strategic goals and balanced scorecards
  3. Planned versus emergent strategy development
  4. Stakeholder engagement in strategy formulation
  5. Leading Strategy Paper Series: Mintzberg and Waters 1985 Of strategies, deliberate and emergent
  6. Lecture 13: Developing a Company’s Mission Statement and Linking it with Company’s Core Values
  7. Setting Strategic Goals, Objectives and Control

What you will be able to do

  • 1.3 Compare elements of a strategic framework.
  • 1.4 Explain strategy development processes.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: compare elements of a strategic framework.

Study materials

Videos

  • Leading Strategy Paper Series: Mintzberg and Waters 1985 Of strategies, deliberate and emergent · YouTube · Glenn Parry · 21 min · for registered students
  • Setting Strategic Goals, Objectives and Control · YouTube · Galton College · 33 min · for registered students
  • Planned & Emergent Strategy (Mintzberg) | A-Level, IB Business · YouTube · tutor2u · 3 min · for registered students
  • Vision, Mission, Value (With Examples and Tips) | From A Business Professor · YouTube · Business School 101 · 8 min · for registered students
  • Business Strategy: Developing a Mission and Vision · YouTube · Galton College · 28 min · for registered students
  • Strategic Planning: Setting objectives using SMART · YouTube · Galton College · 22 min · for registered students
  • The Mission and Vision Statement · YouTube · Galton College · 17 min · for registered students
  • Strategic Intent - Vision and Mission Explained with examples of Apple, Nike and Amazon · YouTube · Marketing91 · 7 min · for registered students

Further resources

  • Mastering Strategic Management, ch. 1: Mastering Strategy: Art and Science · PDF · Saylor Academy, textbook chapter; pp. 4–36 · for registered students
  • Principles of Management, ch. 4: Developing Mission, Vision, and Values · PDF · Saylor Academy, textbook chapter; pp. 129–172 · for registered students
  • Principles of Management, ch. 9: The Strategic Management Process: Achieving and Sustaining Competitive Advantage · PDF · OpenStax, textbook chapter; pp. 261–284 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 1Week 3
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Foundations and Levels of Strategy
  • Week 2: Strategic Frameworks and Formulation
  • Week 3: The Strategic Management Process and Strategy Types
  • Week 4: Organisational Theories in Strategic Management
  • Week 5: Macro-Environmental Analysis Techniques
  • Week 6: Applying Macro-Environmental Analysis
  • Week 7: Micro-Environmental Analysis Techniques
  • Midterm: Midterm evaluation
  • Week 9: Applying Micro-Environmental Analysis
  • Week 10: Strategic Options and Market Growth
  • Week 11: Strategic Evaluation and Recommendation
  • Week 12: Applying Principles and Concepts of Strategy in practice: c…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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