Strategic Management - Corporate Strategy introduces you to the concept of corporate strategy and how it defines the markets and businesses in which an organisation chooses to operate.
The course begins by introducing you to the important issues involved in corporate strategy such as directional strategy, portfolio strategy and parenting strategy. You will also learn about relative cost advantage and competitive strategy. Next you will learn about tools and techniques that are used as part of the corporate strategy process. You be introduced to the Boston Consulting Group's Growth-Share Matrix and learn how it helps businesses analyze their business units, that is, their product lines. You will also learn more about the General Electric - McKinsey matrix which is a nine-cell portfolio matrix and was developed by GE to screen their large portfolio of strategic business units (SBU). It is similar to the BCG growth-share matrix in that it maps strategic business units on a grid of the industry and the SBU's position in the industry. You will learn how the GE matrix attempts to improve upon the BCG matrix.
This course will be of great interest to all professionals working in the area of corporate strategy who would like to learn more about the tools and techniques used in corporate strategy.
Having completed this course you will be able to: - Describe the important issues involved in Corporate Strategy; - Explain Relative Cost advantage and Competitive Strategy; - Describe Display Matrices with example; - Describe the Boston Consulting Group's Growth-Share Matrix; - Explain size of competitive advantage vs. no. of approaches to competitive advantage; - Explain the elements: Fragmented, Specialization, Stalemate and Volume; - Explain factors underlying market attractiveness and business strength; - Describe the McKinsey Matrix with examples; - Describe Shell's Directional Policy Matrix with examples.
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:
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